The new Act on Screening of Foreign Investments – revamping the foreign direct investment screening mechanism in Slovakia – entered into force on 1 March 2023. Drawing from the EU FDI Regulation, the new FIR Act will have significant impact on inbound investments meeting specific legal criteria into Slovakia by non-EU investors.
Baker McKenzie’s Sanctions Blog published the alert titled “Russia imposes a ban on foreign aircraft flights from 36 states” on 1 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
On 13 July 2021, the EU Council of Ministers approved the national recovery and resilience plans (RRPs) of 12 Member States. This means that Austria, Belgium, Denmark, France, Germany, Greece, Italy, Latvia, Luxembourg, Portugal, Slovakia and Spain are now able to tap into the EU recovery and resilience funding. This will allow them to start spending the money on projects and reforms for national economic recovery and resilience, as well as the green transition and digital transformation.
Below is a summary of the most important changes to the Slovak labor code introduced by the latest amendment, effective as of 1 March 2021.
The first round of the nationwide screening of the Slovak population for COVID-19 will take place from 31 October to 1 November 2020. We would like to draw your attention to the impact of this screening on employment relationships.
The below measures are applicable for the period from 2 November until 8 November 2020.
In brief The Slovak government has declared a state of emergency for 45 days, starting as of 1st October…
Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of key government intervention measures across jurisdictions around the globe in relation to: Foreign Investment Restrictions Debt Equity Taxation EU State Aid Approvals (where relevant) Read report…
In this alert we provide you with an overview of the current situation in Slovakia as of 23…