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Cyprus Film Commission Launches Strategic London Roadshow to Champion Filming Incentives

by THEFUTURE.TEAM

January 26, 2026

Roadshow Overview

The Cyprus Film Commission recently orchestrated a three-day roadshow in London, targeting key professionals from the United Kingdom’s audiovisual sector. This high-level initiative underscored Cyprus’ ambition to position itself as a premier filming destination internationally.

Engaging the United Kingdom’s Audiovisual Community

Over the course of the event, two sessions were tailored specifically for British industry insiders, while the final day was exclusively devoted to Cypriots residing and working in the UK, hosted in collaboration with the Cypriot High Commission in London. Each session provided an in-depth presentation of Cyprus’ robust incentives programme, designed to attract both international and domestic screen productions.

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Presenting Unparalleled Financial Incentives

Lefteris Eleftheriou, Chairman of the Cyprus Film Commission, led the series of events, outlining the financial advantages, practical production considerations, and eligibility criteria that define the country’s incentives scheme. Eleftheriou emphasized that the incentives programme offers one of the most generous and expeditious cash rebate payment systems in Europe, creating a competitive edge for producers.

Strong Industry Response and Strategic Growth

The response from British audiovisual professionals exceeded expectations, with particularly robust attendance at the session held at the High Commission. Established in 2017, the programme has grown in prominence, notably during the Covid-19 period, and now operates with an annual budget of €25 million, supporting more than seven international productions from the United Kingdom, France, Scandinavia, and beyond.

Fostering Domestic and International Collaboration

Central to Cyprus’ strategy is the collaboration between foreign productions and local entrepreneurs, a synergy that not only bolsters the domestic audiovisual industry but also enhances the country’s global reputation. The final session, co-organized with the Cypriots in the City business association, highlighted the critical role of the diaspora in shaping Cyprus’ economic and cultural landscape.

Looking Ahead

In his personal reflections on the roadshow, Eleftheriou noted that the concluding event—characterized by engaging discussions and thoughtful Q&A sessions—cemented Cyprus’ status as a forward-thinking destination for film and television production. This strategic initiative demonstrates the country’s commitment to fostering international partnerships and leveraging its competitive financial incentives to drive industry growth.

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.