Olivewood film bonanza at risk

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Olivewood film bonanza at risk
 © FinancialMirror 2020
Cyprus’ reputation as a film location is at stake after Hollywood producers said they may rethink plans for shooting another six films on the island due to difficulties faced with the government’s incentive scheme.

Producers of Jiu Jitsu, filmed entirely in Cyprus, said they had to knock on several doors to get financing, after being rejected from sponsors and banks in Cyprus because the incentives certificate issued are not accepted as collateral.

“As producers, we had to finance the film with funds from abroad as Cyprus banks were not willing to...


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Olivewood film bonanza at risk


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