Bulgaria is set to compete for film productions with its Eastern European neighbours following the proposal of a film and TV incentive that will refund up to 30% of costs.
The scheme is designed to ensure that Bulgaria remains competition with Hungary and the Czech Republic, which is due to announced its incentive imminently.
Bulgaria’s plan is subject to EU approval but it is hoped that the scheme could be introduced as early as next March, at which point a 90-day retrospective clause will be applied.
Producer Phillip Roth from UFO International Productions, based in the Bulgarian capital Sofia, said: “The Bulgarian tax incentives will make the country the most competitively-priced shooting location in Europe.”
In recent years, Peter Weir’s The Way Back and Twentieth Century Fox’s Hitman, directed by Xavier Gens have shot in the country.