![New studios a step towards putting Greece on global film production map](https://www.ot.gr/wp-content/uploads/2023/02/d5160d9d09583fc90e27e28b91606b6e_shutterstock_1793697940-1-960x600-1.jpg)
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.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Critical Week for Greece-Cyprus Cable](https://www.ot.gr/wp-content/uploads/2024/07/kalodio_elladas_cyprus_israil.jpeg)
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
![Roberta Metsola Re-elected President of European Parliament](https://www.ot.gr/wp-content/uploads/2024/07/2024-07-16T110250Z_1107936467_RC2BW8AZP0U4_RTRMADP_5_EU-PARLIAMENT-2048x1366-1-600x400.jpg)
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
![ELSTAT: 1.5% Increase in Business Turnover in May 2024](https://www.ot.gr/wp-content/uploads/2024/07/epixeiriseis_2-600x414.jpg)
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight