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Greek Officials Seek to Shore Up Confidence in Country’s 40% Cash Rebate After Program Put on Extended Pause
Greek officials are looking to shore up confidence in their country's cash rebate after putting the program on pause and delaying plans to reopen it.
Greek officials sought to reassure local and foreign producers this week at the Thessaloniki Film Festival that the country’s 40% cash rebate is still on track, after the announcement last month that the Mediterranean nation was delaying plans to reopen its popular incentive scheme. Since launching in 2019, Greece’s rebate scheme has helped the Mediterranean nation land high-profile productions including Rian Johnson’s Netflix blockbuster “Glass Onion: A Knives Out Mystery” (pictured), Ruben Östlund’s Palme d’Or winner “Triangle of Sadness” and Maggie Gyllenhaal’s “The Lost Daughter.” Walid Said, of London-based film-financing house Head Gear Films, which has financed several projects that were shot in Greece — including Molly Manning Walker’s buzzy Un Certain Regard premiere “How to Have Sex” and Justin Anderson’s Rotterdam player “Swimming Home” — said that “delays and uncertainty” threatened to undermine the Greek rebate program’s credibility.
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