Greece appears to be gradually increasing and better promoting its global “footprint” in the film industry, with the latest fillip being a planned 30-million-euro studio east of Thessaloniki proper by Millennium Media and the local Vasilika Thermis company.
The latter is linked with the film production company Nu Boyana Hellenic, controlled by Greek businessman John Kalafatis, while Millennium Media, a major independent Hollywood studio, is led by CEO Yariv Lerner.
Another noteworthy investment is a post-production film and television studio at the Helleniko site in coastal southeast Athens, with the billed 50-million-euro investment now awaiting approval by an inter-ministerial committee for strategic investments.
The northern Greece project, in the Thermi municipality, will be reportedly located at a one-time grain warehouse, with a total surface exceeding 11,100 square meters, and with more than 12,000 square meters of outdoor shooting areas. Another post-production facility will be located nearby.
Over the past few years, Greece has attracted a number of international film productions, such as the “The Enforcer” with Antonio Banderas, “The Expendables 4” with Jason Statham and Sylvester Stallone, as well as “Glass Onion: A Knives Out Mystery”, with Daniel Craig.
One major factor behind studios picking Greece for shooting a movie is a cash rebate offered by the state-run National Centre of Audiovisual Media and Communication (EKOME) of 40 percent of eligible expenses.
According to a recent study unveiled by the Athens-based Economic & Industrial Research (IOBE), even 20 low-budget (450,000 euros) productions filmed in Greece every year would translate into an increase of 14.2 million euros for the country’s GDP.
An annual outlay of 25 million euros in the country for film productions would mean an increase in GDP of 39 million euros, and 755 temporary job spots.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes
A total of 918 cruise ship arrivals have already been scheduled for 2025, with 714 of them designating Piraeus as their home port
Athens Hotels See Strong Growth in Bookings and Prices
Hoteliers point out that this success is being achieved despite the competition from short-term rental services like Airbnb.
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
![Φυσικό αέριο: Εκτόξευση της εγχώριας κατανάλωσής τον Ιανουάριο του 2025 [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/06/fysiko-aerio-90x90.jpg)
![Ακίνητα: Ράλι στις τιμές και το 2025 – Τι θα κάνατε με 300.000 ευρώ; [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/02/111-600x352.png)
![Επενδύσεις: Πόσο στηρίζουν το ελληνικό ΑΕΠ – Τι δείχνει μελέτη της Alpha Bank [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/12/ot_artificial_ependyseis-600x352.png)
