1st Cyprus Film Summit 2018

Speech by Mr. Kokkinos on behalf of the chairman of the board of directors of Invest Cyprus.
10 October 2018
1st Cyprus Film Summit 2018

Honored Guests, dear friends,

On behalf of Invest Cyprus, I welcome you all to the first Cyprus Film Summit, aiming to showcase our country’s compelling advantages as a filming destination and present the newly-introduced incentives scheme for the promotion of the industry. 

It gives us great pleasure to host renowned producers and professionals from all over the world and provide them, in the framework of this Summit, with a platform to acquire comprehensive knowledge of the business and economic environment in Cyprus and the developments in the audiovisual industry, while at the same time giving you an unprecedented opportunity to experience first-hand all our beautiful island has to offer, while exploring opportunities for synergies and cooperation with Cypriot professionals. I hope you have a productive and enjoyable stay in Cyprus, exploring an increasingly rare commodity; a brand new location on the film map.
Ladies and gentlemen, 

As one of the EU’s fastest growing economies recording impressive growth rates of around 4%, Cyprus aims at continuously diversifying its economy and enriching its offering, developing not only traditionally strong sectors such as tourism, but also emerging sectors that hold significant potential, such as investment funds, innovation and Energy. The same rapid momentum is reflected in our ambition to dynamically enter the audiovisual market and establish our island as a top filming destination, opening up a whole new world of opportunities. 

The island is a unique natural film studio in itself. Cyprus has a pleasant Mediterranean climate with year-round sunshine, which offers clear distinctions between the four seasons. The sun shines virtually almost every single day. A polymorphic landscape comprising of deep blue seas and sandy beaches, captivating forests and breath-taking mountains, picturesque villages and modern cities, combines in the most authentic way the natural, pure essence with the urban landscape. The rich historical and cultural landscape is reflected in the hundreds of archaeological sites scattered throughout the country, representing various historical periods in the island’s evolution. In such a small island with relevantly short distances, one can literally jump from the one tip of the island to the other, from the coast to the mountains in just a 30-minute drive. This scenery transition is one of a kind offering a wide range of filming attributes like natural light, surroundings, visual perspectives and angles, and so much more. 

Apart from the natural beauty aspect, Cyprus also represents an attractive investment for any producer looking for a filming destination that also has the right formula of incentives in place. The Republic of Cyprus has recently introduced an attractive incentives scheme offering financial incentives of up to 35%, the highest percentage in the EU, for which you will hear a lot more about later on. 

Dear guests, 

Cyprus has all the prerequisites to develop and support a strong film industry, able to accommodate international productions and offer audiovisual professionals a pleasant and productive experience. 

For us, at Invest Cyprus, however, the bigger image is the most important element in our efforts. The film industry can have a powerful multiplier effect on the country’s economy, creating jobs, promoting culture and innovation, while acting as a driving force for the further development of other industries as well, such as the tourism industry. Film-induced tourism is a phenomenon long acknowledged and reported. We are confident that, through the exciting excursions and site visits organised in the context of this Summit, you will not only experience Cyprus’ unique elements comprising an attractive set for your next film, but you will also discover a destination of choice for your next family holiday or even your next business venture. The potential is enormous. 

At Invest Cyprus, the first point of contact of international investors, we are committed to offering businessmen and investors all kinds of facilitation and support in forming and implementing an investment concept in Cyprus, while developing new sectors of the economy and supporting all efforts to enhance the business environment of our country. We are at your disposal for any enquiry or any assistance and we do hope you will find your visit to Cyprus useful, insightful and of course, entertaining. 

Thank you once again for being here. I would now like to call on stage HE the Minister of Finance of the Republic of Cyprus, Mr. Harris Georgiades. 

For more information regarding the film initiative please visit here

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