The figures are fresh off the press: the European Commission published its Fifth Annual Report on the screening of foreign direct investments (“FDI”) into the European Union (“EU”) just a few days ago.[1] Like the previous editions, the Fifth Annual Report offers a statistical overview of the EU FDI framework’s activities in the previous year (2024 for the Fifth Annual Report). Based on submissions from all 27 Member States, the report surveys both the performance of Member States’s national screening regimes and the functioning of the EU cooperation process for FDI. FDI screening has expanded its reach in the EU, from 14 Member States having active FDI screening tools in 2019,[2] to 24 today, with the remaining three Member States in the midst of enacting similar tools. [3] This post distils the five key trends that have emerged in the past year highlighted by the Fifth Annual Report.