The modification of the Film Law in 2004 gave the local film industry a further boost with a 20% tax rebate.
The increasing competition for film productions in Central Europe since 1990s has seen Prague as the main competitor, but Bucharest, Belgrade and Sofia have also joined the competition in the past decade, which resulted in this rebate being raised to 25%in 2014.
Several new film studios have been built in the Budapest region in addition to state-owned Mafilm.
In recent decades, more than 200 productions have been shot in Hungary, in part on sets built in the studios, and in part in outdoor locations.
Budapest will return on the silver screen in 2016 as Tom Hanks, Felicity Jones and Omar Sy star in adaptation of the Dan Brown novel Inferno.