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May 04, 2017

Hungary's film industry becomes European leader

The spending on film and television productions in Hungary rose by almost 75 percent to 125.5 billion HUF (40.2bn EUR) last year

Hungary's film industry is fast becoming one of the leading in Europe after statistics show investment has helped drive the economy.

According to MTI, the spending on film and television productions in Hungary rose by almost 75 percent to 125.5 billion HUF (400 mn EUR) last year, the National Media and Infocommunications Authority (NMHH) said.

Spending was up from 72 billion HUF in 2015, 56.4 billion HUF in 2014 and 54.2 billion HUF in 2013, it said. Almost 300 film and television productions were made in Hungary last year, up from around 240 in 2015.

Hungarian film legend Andy Vajna was quick to tweet the results. "In 2016, a record 125 billion HUF increase in the Hungarian film industry," he tweeted.

The biggest production filmed in Budapest was Blade Runner 2049, starring Harrison Ford and Ryan Gosling. It had a local budget of 28.5 billion HUF.

The television series Emerald City was another big production, with a local budget of 12.6 billion HUF.