Despite the previous veto of the President of the Slovak Republic, the National Council of the Slovak Republic approved a new law on extraordinary measures for strategic investments and for the construction of the trans-European transport network.
As part of her veto of the bill, the President of the Slovak Republic very rightly objected, among other things, to the weakening of the protection of property owners in the expropriation process (e.g. the absence of the possibility to file an appeal against the decision on expropriation).
According to the proponents of the law, the new law should make it easier for the state to implement investments that are strategically important for the Slovak Republic. The changes will mainly affect the areas of property settlement of land and buildings, permitting processes and public procurement.
Unlike Act No. 371/2021 Coll. on Significant Investments, this Act is intended to address a larger number of projects from various areas that, in order to be considered strategic investments, can only be carried out by a public investor.
In connection with this Act, the Government of the Slovak Republic has already managed to issue Regulation No. 152/2024 Coll. implementing Act No. 142/2024 Coll. on Extraordinary Measures for Strategic Investments and for the Construction of the Trans-European Transport Network and on Amendments to Certain Acts, which sets out the criteria for determining whether a submitted investment project can be considered a strategic investment.
Regulation number:Â 142/2024 Coll.
Effective date: 27.06.2024
Title of the regulation: Act No. 142/2024 Coll. on Extraordinary Measures for Strategic Investments and for the Construction of the Trans-European Transport Network and on Amendments to Certain Acts
Reference to the law:Â https://www.slov-lex.sk/pravne-predpisy/SK/ZZ/2024/142/20240627
