OBS_VALUE: According to Law 4864/2021, strategic investments are investments that can enhance employment, productive reconstruction, and the country's natural and cultural environment due to their strategic importance for the national or local economy. Law 4864/2021 stipulates a framework for the precipitation of licenses and tax incentives for strategic investments (Articles 2, 8-10). According to Law 4399/2016 on granting financial incentives for investments, investments that fulfil certain criteria and promote the level of employment, technological upgrade and competitiveness benefit from tax exemptions, subsidies, etc. See also EU Regulation 2019/452 establishing a framework for screening foreign direct investments into the European Union, which applied as of 11 October 2020. It introduces the first EU-wide foreign investment screening cooperation mechanism and allows the European Commission and Member States to comment on foreign investments in other Member States, but does not harmonise FDI screening across the EU.