The new Act on Screening of Foreign Investments (“FIR Act”) – 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. The FIR Act introduces an approval procedure held by the Ministry of Economy of the Slovak Republic (“Ministry”) which is mandatory…