EU: Hungarian Aid Package
The Hungarian Authorities have successfully steered a significant Aid package (including tax breaks) for their film industry through the straits of the EU State Aid rules by focusing on cultural films.
According to Competition Commissioner Neelie Kroes (with whom her Hungarian counterpart, Tax Commissioner Laszlo Kovacs is doubtless well pleased)
“European cultural films play an important role in our society. I am pleased that the Hungarian authorities have introduced cultural criteria in their film support scheme since the Commission's interim approval of the original scheme”.