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Revamped Romanian Cash Rebate Celebrates Success a Year In With Plans to Expand to a 40% Return on Expenditure in 2026
After the revamped Romanian cash rebate attracts major international productions, producers urge new government to continue rolling incentives.
Last year, Romania launched the Office for Film and Cultural Investments (OFIC) in a bid to restructure and relaunch the country’s cash rebate program, suspended in 2021 due to unresolved payment requests for projects submitted in the 2018, 2019, and 2020 calls. Less than a year on and a mere two hours after recently elected president Nicusor Dan nominated Ilie Bolojan as the country’s new prime minister, industry leaders gathered at the Transilvania International Film Festival — the country’s most prominent film event — to discuss the results of the reshaping, the need to regain the trust of the international industry, and the future of the rebate. All panellists seemed positive on the future of the scheme, with Iulia Popovici, from the Romanian Film Office, stating that there are plans in place to increase the rebate to 40% in the near future to make Romania able to compete with aggressive rebate initiatives from neighboring countries like Hungary, which has hosted several high-profile shoots in the last year, including Oscar-winning “The Brutalist” and “F1: The Movie.” “In order to remain competitive, you need to analyze what we need to do to increase the attractiveness for international producers to come to Romania,” she said.
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