Northern Greece gets a 20 million euro Hollywood film studio



A Hollywood studio spanning 83,000 square metres is set to be built in the in the town of Thermi, outside Thessaloniki, northern Greece following an announcement by the Minister of Digital Governance, Kyriakos Pierrakakis on Friday.

Pierrakakis made the announcement in a joint press conference with the other stakeholders involved, namely the Central Macedonia Region, the National Centre of Audiovisual Media and Communication (EKOME) and of the investing company Nu Boyana Film Studios, an affiliate of Millennium Films, one of the longest-running independent film companies in Hollywood.

This is "an investment worth 20 million euros by Nu Boyana Hellenic (...) which will employ at least one hundred people in permanent job positions," said Central Macedonia regional governor Apostolos Tzitzikostas, who went on to say that "our aim is to render Thessaloniki the heart of audio-visual productions across southeastern Europe."

"This will be the country's first region to acquire a fully functional film studio," added Tzitzikostas.

In his part, Pierakakis said that "it is good how the field of digital technology and filmmaking has been addressed as an asset for the country, as it ought to," and described the founding of EKOME by the previous SYRIZA government as the "absolute step in this direction."

Nu Boyana Studios representatives said that they would "await the explanatory circular on tax reductions, while the start of operations is scheduled for a year from the issuing of building permits."