Today, the Committee on National Defence and Foreign Affairs of the House of Representatives conducted the first reading of a bill from the Ministry of Foreign Affairs titled “Adoption of measures implementing Regulation (EU) 2019/452, which establishes a framework for controlling Foreign Direct Investment in the Union for reasons related to security or public order.”
The draft law was presented by Mr. Tasos Hadjivassiliou, the Deputy Minister of Foreign Affairs in charge of Economic Diplomacy and Externalization. This bill introduces, for the first time in our country, a comprehensive regulatory framework and a national mechanism for effectively overseeing foreign direct investments to ensure security and maintain public order.
The primary objective of the bill is to safeguard against the threat posed by malicious investors who might take control of essential assets or businesses.
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