Romania Approves Three-Year Extension of Revamped 30% Cash Rebate Program (EXCLUSIVE)

By Christopher Vourlias

Christopher Vourlias

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Romania has officially given a three-year extension to its revamped cash rebate program, the government announced this week during the Transilvania Intl. Film Festival. Under the terms of the new legislation, financing agreements can now be signed through the end of 2029, with payments running through the end of 2031.

The program, which is administered by the Office of Film and Cultural Investments (OFIC), offers a 30% cash rebate on eligible production expenditures incurred in Romania. The annual budget cap stays at €55 million ($63.2 million), with an overall budget of approximately €250 million ($287 million) — of which nearly €180 million ($206.7 million) remains available for new projects, according to the OFIC.

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