It’s looking to be a banner year for the Hungarian film industry at this year’s Venice Film Festival , with two of the country’s most celebrated directors — Oscar-winning “Son of Saul” filmmaker László Nemes and Berlin Golden Bear winner Ildikó Enyedi (“On Body and Soul”) — vying for the Golden Lion with their latest films.

Both movies are multi-country co-productions, utilizing a combination of tax incentives, soft money from national funding bodies and private equity to secure their budgets — a financing structure that has become both necessary and increasingly challenging in the current economic climate for independent filmmaking in Europe.

However, the films also highlight a concerted effort by Hungary’s National Film Institute (NFI) to make the local industry more adaptable to the

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