Wednesday, April 13, 2016

BDL to subsidize bank credit for film, theater production. Loan should not exceed $3 million


The Central Bank (BDL) said it will subsidize bank loans in lira granted to local projects in film and theatrical production, including the cost of intellectual property rights.

According to BDL's intermediate circular 416, the subsidized loans pertain to the production of films for both cinema and TV whether documentaries, narratives, or educational programs. It also involves theatrical works.
The loan should not exceed LL4.5 billion ($3 million) unless there are valid reasons that ar...

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