Czech Republic Approves Increase in Production Incentives Budget


    PRAGUE: Czech Republic has approved a cap of 6 m EUR / 150 m CZK per project per year for the applications for film incentives. The decision was made as the demands of the producers are high.

    At the beginning of August 2022, the Czech Government approved 23 m EUR / 570 m CZK for film incentives, which will add to the 32.5 m EUR / 800 m CZK decided in the original draft budget. The amendment will now be submitted to the Chamber of Deputies.

    Additional support is expected in 2023 and 2024.

    The systemic solution for film incentives will be divided into two phases. First, the funding will increase by 23 m EUR / 570 m CZK and at the end of 2022 an amendment which will be discussed in August will enter into force introducing a limit of 6 m EUR / 150 m CZK per project.

    The second phase is the preparation of the new law which will transform the Czech Film Fund by a major amendment to the Audiovisual Act. The transformation of the Czech Film Fund is expected to take place in 2024.