In 1994, cinematographic production received a boost with the establishment of the Cinema Advisory Committee. As of the year 2000, the annual amount set aside in the national budget stands at Cy Pounds 500,000 (about 850,000 Euros). In addition to government grants, Cypriot co-productions are eligible for funding from the Council of Europe's Eurimages Fund, which finances European film co-productions. To date, four feature-length films in which a Cypriot was executive producer have received funding from Eurimages. The first was I Sphagi tou Kokora (1992), completed in 1996, Hellados (And the Trains Fly to the Sky, 1995), which is currently in post-production, and Costas Demetriou's O Dromos gia tin Ithaki (The Road to Ithaka, 1997) which premiered in March 2000. The theme song to The Road to Ithaka was composed by Costas Cacoyannis and sung by Alexia Vassiliou. In September 1999, To Tama (The Promise) by Andreas Pantzis also received funding from the Eurimages Fund. In 2009 the Greek director, writer and producer Vassilis Mazomenos filmed in Cyprus Guilt. The film was awarded in 2012 with the Best Screenwriting and Best Photography award in London Greek Film Festival (UK) and was official selection in Montreal World Film Festival, Cairo International Film Festival, India International Film Festival, Tallinn Black Nights Film Festival, Fantasporto and opening film in the Panorama of European Cinema in Athens. In 2010 the film was Nominated for the best film from the Hellenic Film Academy.
Who finances European film co-productions?
Council of Europe's Eurimages Fund