Avala Studios to invest EUR 50 million in renovation of studio complex in Kosutnjak

Avala Studios is going to invest more than EUR 50 million in renovation of the studio complex located in Kosutnjak with the aim of reviving the film industry in Serbia, the company has stated.

They added that more than 250 construction workers from Serbia would be hired on renovation and construction works which would start in the next few months.

The CEO of Avala Studios, Peter Dajko said that the company encourage and unleash the potential that Belgrade and Serbia have: exceptional locations, professional staff, rich tradition of the film industry.

– Furthermore, thanks to the great initiative of the state leadership and incentives program it started back in 2016, Serbia today provides a 25% of cash incentives for foreign productions which makes it highly competitive in this part of Europe, Dajko said in an official press release.

According to estimates based on regional experience, modern studies and positioning on the map of the European film industry, Serbia could bring at least EUR 120 million per year, which is four times more than in the previous year,

Dajko added that the first new film studio in Belgrade would be already built in 2021.

Vladimir Kuba, former director of the film studio in the Czech Republic “Barandov” and director of film business development at “Avala Studios”, believes that the renovated and expanded studio complex at Kosutnjak can contribute to the development of film tourism in Serbia.

As the press release states, the total surface of the recording studio will be 11,800 square meters, with additional, accompanying production facilities and office space.

– And I would add that the height of the studio will be 20 meters, and that this will be the highest studio space in the region. The opening of this complex will also increase the tourist potential of Serbia, as many scenes will be recorded not only in our studios, but also in the streets of Belgrade, on the mountains of Serbia, attracting tourists from all over the world, said Cuba.

Avala Studios has only invested EUR 50 ,000 in the reconstruction of a unique fund that has 27,000 costumes, including the original uniforms of Serbian soldiers from the First World War.

Based on previous experience of such studios in the region, Dajko estimated that thanks to the renewed and increased capacity of the studios, more than 3,000 production professionals from Serbia would indirectly work in the best conditions in the region, participating in the creation of works that would have a worldwide release.

Avala Studios d.o.o. Beograd

Peter Dajko

Barandov studio

Vladimir Kuba

renovation of studio complex in Kosutnjak

construction of film studio in Belgrade

film tourism in Serbia

studio complex in KOsutnjak

film industry in Serbia