The purpose of the present article is a brief and general outline of the new legal framework in Greece about the state aid scheme for the production of audiovisual works in Greece based on the incentive of a cash rebate of the 25% of the eligible costs of the production incurred within the Greek territory.
- THE LEGAL FRAMEWORK
The law 4487/2017 inter alia provides proceedings for a financial state aid that intend to encourage the production of audiovisual works in Greece by a cash rebate of 25% of the eligible costs incurred in Greece. The provisions of the law were specified by the joint ministerial decision 923/23.03.2018 (published in Government’s Gazette vol. B no. 1138/28.03.2018). The law 4487/2017 has been issued under the provisions of the EU Regulation 651/2014 (Block Exemption Regulation) that has declared several types of state aid as compatible with the common market and the EU law according to the articles 107 and 108 of the Treaty (the Regulation in article 54 includes specific provisions for aid schemes for audiovisual works). Therefore, the provisions of the Regulation are also applicable. Continue Reading