Slovakia has adopted new legislation for so-called significant investments. The ruling Smer party describes it as a tool to attract new investors to Slovakia but the opposition has criticised it, saying it grants the state government more power deciding over large investments to the detriment of municipalities and expands the state’s powers of expropriation.
The revised law increases the minimum amount required for an investment to qualify as significant, from 33.194 million euro to 100 million euro. The category of significant investments will be extended to encompass all construction projects except for those involving mining.
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(Photo: Miroslav Sárička/sxz.hu)