Investments in the sectors belonging to the "negative list" are subject to governmental authorization (see the "Requests For Specific Authorisations" section below).
A “negative list” indicates the sectors subject to government authorization, including: natural resources; construction materials; land, sea and air transport; banking, finance, and insurance; hazardous and polluting industries; health; education; and telecommunications. As per government decree, if the relevant decision-making body does not respond to an investment request within a certain period (generally set at 60 days), the authorization is automatically granted to the applicant.
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