Lithuania to scrutinize investments for national security implications

Initiated by President Dalia Grybauskaitė, the changes will take effect in November.

Under the amendments, investments in strategic economic sectors and in territories close to strategic objects will only be allowed following after thorough examination of whether the potential investor’s operations might jeopardize national security.

The list of strategic national security objects was updated to include the Siauliai Airport operating in the territory of the military airport, with the status of strategic object granted to all airfields in the territory of Lithuania.

According to the bill, strategic economic sectors include energy, transport, communications, information and technologies, finances.

The amendments were proposed following doubts in an investment project proposed in Šiauliai, which envisaged development next to a NATO airbase.

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