Friday, September 18 2020 15:18

ArmInfo.The ratification of the revised Council of Europe Convention on Cinematographic Co-production will enable Armenia, which has a shortage of financial  resources, to carry out joint filmmaking. On September 18, Deputy  Minister of Education, Science, Culture and Sports of the Republic of  Armenia Arayik Khzmalyan stated this from the rostrum of the RA  National Assembly, presenting the document for ratification.

The Deputy Minister stressed that it is especially important that the  convention establishes the procedure for joint filmmaking with  countries with which a member state does not have a bilateral  agreement. The document will stimulate the development of domestic  film production, enhance the country's image at the international  level, strengthen cooperation with the member states of the Council  of Europe, and contribute to the development of cultural diversity.  The convention will become a corridor for the development of  cooperation with European countries.

The Deputy Minister also said that since 2006, 28 full-length, short  and documentary films have been produced in Armenia. 8 more projects  are under development.

To note, the purpose of the revised Convention is to provide a legal  and financial framework for the co- production of feature films with  the participation of film companies established in three or more  States Parties. The revised Convention can also be used as a  bilateral framework in the absence of a specific co- production  agreement between the two Parties. The participation of one or more  co-producers who are not established in such Parties is possible,  provided that their total contribution does not exceed 30% of the  total cost of filmmaking. The Convention updates the provisions of  the 1992 European Convention on Cinematographic Co-production to  reflect the profound changes that have taken place in the film  industry in recent period.