The prior authorisation processes apply to certain investments in several business sectors (banking, insurance, media, etc.). Where the clearance process applies, there is no single clearance process as the different laws governing the various sectors often impose distinct competent bodies, criteria and processes for issuing the decision on approval/authorization of the transaction or the acquisition of shares.
As regards the foreign direct investment screening implemented under the Act Determining the Intervention Measures to Mitigate and Remedy the Consequences of the COVID-19 Epidemic (applicable as from 1 June 2020 and until 30 June 2023) the Ministry of Economic Development and Technology shall be competent for the screening process. The following investments shall be subject to screening processes: (1) investments of any kind by acquisition of at least 10% participation in the capital or voting rights by a foreign investor aimed at establishing or maintaining lasting and direct links between the foreign investor and the business entity with its registered office in Slovenia, AND (2) the investment is made in one of the following sectors: (a) critical infrastructure, whether physical or virtual, including infrastructure in the fields of energy, transport, water, health, communications, media, data processing or storage, aviation and aerospace sector and defence, electoral or financial infrastructure, and sensitive facilities, as well as land and real estate, which are crucial for the use of such infrastructure or land and real estate in the vicinity of such infrastructure; (b) critical technologies and dual use goods as defined in point 1 of Clause 2 of Council Regulation (EC) No 428/2009, including artificial intelligence, robotics, semiconductors, cybersecurity, aviation and aerospace and defence technology, energy storage technology, quantum and nuclear technologies, nanotechnologies and biotechnologies, and health, medical and pharmaceutical technology; (c) supply of critical inputs, including energy or raw materials, food security, medical and protective equipment; (d) access to sensitive information, including personal data, or the ability to control such information; (e) the freedom and pluralism of the media; (f) projects and programs of EU interest, as set out in Annex I of the Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the screening of foreign direct investments into the EU.
The screening process applies also to any contract that grants the foreign investor or its Slovenian subsidiary the right to dispose of land or real estate that are material for critical infrastructure or that are located in the vicinity of such infrastructure.