The past year has marked a monumental reform in the motion picture industry and on the motion picture culture in Hungary by the adoption of Act II of 2004 on Motion Pictures (the "<B>Film Act</B>") which came into force on April 1, 2004. The Film Act not only creates a new legal basis on which producers, distributors and other participants in the Hungarian film industry are able to operate, but it also provides support in planning, preparing, producing and distributing films.

The government and the Hungarian National Bank (Magyar Nemzeti Bank – MNB) have introduced massive fiscal and monetary measures, growth loan and bond programmes since 2019...