Making Greece a movie destination

3 September 2016
182 Views

The Greek Tourism Ministry has revealed an ambition plan to transform popular tourist destinations in Greece into film sets for international movie producers.

According to a survey by the Foundation for Economic & Industrial Research (IOBE), Greece would stand to add 39 million euros to its gross domestic product for a big movie production by a foreign company budgeted at 25 million euros. And this figure does not include the supplementary benefits of luring additional tourists to the country because of the film’s location.

In terms of employment opportunities, a foreign film production could create more than 755 jobs in various sectors of the economy.

Some 40 million tourists annually select their holiday destination on the basis of where a particular movie was made, according to data from the Tourism Ministry.

IOBE research suggests that films produced in Greece have had a positive impact on the economy, citing the case of “Captain Corelli’s Mandolin,” filmed on Cephalonia in 2001, which boosted the island’s hotel reservations by 14 percent. To this end, the ministry has created a working group to figure out ways to facilitate foreign producers who want to film in Greece. The aim is to hammer out the legal framework that would provide incentives to attract foreign production companies.

The working group is also examining ways to make it compulsory for foreign productions to make use of Greek professionals.

You may be interested

EU Poll: Greeks overwhelmingly convinced of widespread corruption
FINANCE
shares34 views
FINANCE
shares34 views

EU Poll: Greeks overwhelmingly convinced of widespread corruption

makis - Dec 12, 2017

Corruption in Greece is an ongoing political issue, that has been debated to death over the past 35 years. Now…

Turkish PM Yildirim escalates rhetoric against Greece
GREECE
shares35 views
GREECE
shares35 views

Turkish PM Yildirim escalates rhetoric against Greece

makis - Dec 12, 2017

Two days before his arrival in Greece, Turkish PM Binali Yildirim directly disputed the current Status Quo in the Aegean…

One in three Greeks unable to afford basic material goods
GREECE
shares59 views
GREECE
shares59 views

One in three Greeks unable to afford basic material goods

makis - Dec 12, 2017

One in three Greeks or 32% in 2016 were unable to enjoy basic material goods and social benefits, according to…

Leave a Comment

Your email address will not be published.