2024-02-05

Bulgaria: A VAST RESERVOIR OF WELL-EDUCATED EXECUTIVES

Natalia Bichevina, Head of the CEE Desk, CT Executive Search

What positions does CT Executive Search help recruit to in Bulgaria?

In Bulgaria, CT Executive Search primarily fills leadership positions for international companies, most of which have Western European or U.S. roots. A majority of these are upper mid-level structures, including corporations. Bulgaria is of interest to companies in the consumer goods and investment goods sectors as both a market and a production location. Accordingly, the majority of our mandates relate to positions in sales and production. Additionally, we work with companies in the IT sector. Bulgaria has become a significant location for IT outsourcing and shared services centers, particularly, for German companies.

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2024-02-04

Mapping Africa’s manufacturing landscape for your 2024 Africa strategy

africon GmbH

Africa’s manufacturing sector is experiencing significant growth, fuelled by rising demand and economic development. Businesses keen on tapping into this boom at the opportune moment seek valuable insights to navigate the expanding landscape.

For those planning their 2024 Africa strategy, head on over to africon's latest Slide of the Month, which features valuable insights into the current opportunities.

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2024-02-03

Doing Business in Vietnam 2024

Dezan Shira & Associates

Vietnam is a rapidly developing nation that has benefited enormously from a myriad of free trade agreements.

This edition of An Introduction to Doing Business in Vietnam 2024 takes look at:

  • How to Set Up in Vietnam
  • Tax, Audit, and Accounting
  • Human Resources and Payroll
  • Special Focus: Investing in Vietnam’s Sustainable Future

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2024-02-02

BULGARIA - A RELIABLE, SECURE, AND PREFERRED PARTNER OF THE GERMAN ECONOMY

Dr. Mitko Vassilev, General Manager, German-Bulgarian Chamber of Industry and Commerce

What successful examples of German-Bulgarian business partnerships and German direct investments can you mention?

The traditional sector for German investors in Bulgaria is the automotive industry. In addition to parts and components production, information and communication technologies, including IT, digitization, and innovation, as well as electrical engineering, have also established themselves.

Over the years, not only have new German investors like LEONI, Otto Bock, and Flixbus been attracted, but also many large companies such as Aurubis, Lufthansa Technik, Bosch, and others have expanded their investments.

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2024-02-01

Lithuania: General terms and conditions in German-Lithuanian business relations

bnt attorneys

‘General Terms and Conditions’ (GTCs) can be an important and useful instrument in terms of international business transactions if they are used consciously and with a degree of knowledge regarding the various national regulations. Adapted to the individual needs of your business, GTCs not only help you to avoid recurring negotiations for the same legal issues, but also aid in enforcing regulations which are favourable to you. However, especially in international business relations, you need to know any differences in legal systems.

This series of short articles is intended to help you familiarise yourself with the differences in general Lithuanian-German terms and conditions.

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2024-02-01

CURRENT DEVELOPMENTS IN THE BULGARIAN LABOR MARKET

Christian Tegethoff, Managing Director, CT Executive Search

In recent years, the Bulgarian labor market has shown positive developments with a continuous increase in the number of employed individuals and a decreasing unemployment rate. In the 1st quarter of 2023, the employment rate reached 70.4 percent, marking a 1.6 percentage point increase compared to the previous year.

Approximately two-thirds of the employed individuals work in the service sector, while one-third works in the industrial sector. Salaries are particularly increasing dynamically in the fields of logistics and IT, where the shortage of skilled professionals is particularly noticeable.

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2024-01-15

The Indo-German Chamber of Commerce 2023 Annual Review

AHK India

The Indo-German Chamber of Commerce Annual Review covers all the important and relevant activities of the Chamber as well as business development topics related to doing business in India.

Topics covered include: 

  • India and Germany: Shared Challenges, Common Goals-A Year in Focus
  • Unlocking India’s Business Potential
  • Driving Change: The Rise of Sustainable and Responsible Business Practices
  • Bridging the Gap: Facilitating Skilled Migration from India to Germany
  • Indo-German Trade
  • Upcoming Trade Fairs

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2024-01-14

Doing Business in Africa

africon GmbH

This Doing Business in Africa Podcast features Marc Zander, CEO,  africon GmbH who offers valuable insight into:

  • Challenges and opportunities for doing business in Africa
  • The most promising sectors for German companies in Africa 
  • The reasons why companies should consider expanding to Africa right now

Marc Zander also shares his visionary perspective on the continent’s trajectory.

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2024-01-13

THE INDO-GERMAN MAGAZINE october-december 2023

AHK India

This publication from the Indo-German Chamber of Commerce contains all the information about the latest trends and developments in Indo-German cooperation as well as the various activities and initiatives of the Chamber in Germany and India.

Topics include:

  • HR Forum Meeting at Covestro India
  • Contrasting Constructions: Germany’s Steadiness Meets India’s Surge
  • Empowering Responsible Supply Chains
  • Business opportunities

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2024-01-12

China Implements Five New Measures to Ease Entry for International Travelers

Dezan Shira & Associates

The Chinese government continues to ramp up measures to boost people-to-people exchange since reopening country borders in early 2023, in a bid to promote consumption and support economic recovery.

Many of the visa-free travel policies that were in place prior to the pandemic have therefore come back into effect, enabling people from a wide range of countries to visit China on a short-term basis.

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2024-01-05

The Indo-German Magazine July-September 2023

AHK India

This publication from the Indo-German Chamber of Commerce contains all the information about the latest trends and developments in Indo-German cooperation as well as the various activities and initiatives of the Chamber in Germany and India.

  • The Labour Law Landscape
  • HR Partner Forum Meet 2023
  • Climate Action – Business Opportunities in Germany

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2024-01-04

Doing Business in ASEAN 2024

Dezan Shira & Associates

This publication, designed to introduce the fundamentals of investing in ASEAN, was compiled by experts at Dezan Shira & Associates, and covers the following topics:

  • Corporate establishment;
  • Tax and accounting;
  • Human resources and payroll; and
  • Audit and compliance.

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2023-12-05

Leverage Executive Headhunting to Drive Innovation and Change

Nordic Minds

Organizations face the ever-increasing challenge of staying ahead of the competition and driving innovation. To achieve this, it is crucial to have exceptional leaders who can navigate complexities, inspire teams, and foster a culture of change.

This is where executive headhunting plays a pivotal role.

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2023-12-04

India’s Outlook for 2024-25: Key Growth Areas and Investment Prospects

Dezan Shira & Associates

India’s economy is on track to reach 6.5 percent growth in the fiscal year 2024-25 and will hit 7 percent in 2026, according to latest estimates from S&P Global. Data from the quarter ending September showed the Indian economy expanded 7.6 percent year-on-year.

This positions the country as a compelling foreign investment hub, which is also set to overtake China’s growth forecast of less than 5 percent in 2024. Even by the IMF’s conservative estimates, India will emerge as the world’s third-largest economy by 2027...

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2023-12-03

The Importance of Strategic Board Succession Planning

Nordic Minds

In the dynamic landscape of corporate governance, proactively managing board succession and the seamless transition of leadership is crucial for long-term organizational success. Board succession planning plays a vital role in ensuring continuity, stability, and effective decision-making.

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2023-12-02

Kuwait’s Economy: Opportunities, Challenges, & 2024 Outlook

Dezan Shira & Associates

The Kuwait Vision 2035, or “New Kuwait”, aims to transform Kuwait into a regional and international financial and commercial hub and attract global investment. 

The 2035 vision plan seeks economic reforms, diversification, becoming a financial and commercial center, and increasing attractiveness for foreign investors in the sector of strategy, including information technology, communication, renewable energy, electricity and water, tourism, healthcare, and education.

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2023-12-02

Thailand Issues New Investor Visa for Eastern Economic Corridor

Dezan Shira & Associates

Thailand’s Eastern Economic Corridor (EEC) has issued a new investor visa in a bid to boost foreign investments in targeted industries. The new visa scheme will be implemented on January 1, 2024.

The new EEC visas are categorized into four types:

  • Specialists: EEC Visa “S”
  • Executives: EEC Visa “E”
  • Professionals: EEC Visa “P”
  • Spouses and dependents: EEC Visa “O”

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2023-12-02

Recruiting in India: Key Considerations for Foreign Companies

Dezan Shira & Associates

When expanding hiring efforts to a new market like India, understanding the workforce landscape and employment regulations is paramount. This article explores key insights for recruiting in India and offers cost-effective strategies for international firms. Optimize your recruitment process in India with these essential tips.

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2023-12-01

New Version of Foreign Permanent Resident ID Card to be Issued in China Starting December 1, 2023

Dezan Shira & Associates

China’s National Immigration Administration unveiled an upgraded Foreign Permanent Resident ID Card, effective from December 1, 2023, with design improvements and enhanced functionality. We explain the key changes in the new Foreign Permanent Resident ID Card and benefits for applicants.

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2023-12-01

Navigating ESIC and Provident Fund Registration for Companies in India

Dezan Shira & Associates

ESIC and PF schemes: Key points for company compliance

As a company crosses the threshold of 10 employees in India, mandatory registration under ESIC becomes imperative.

When the employee count hits 20 or more, PF registration is mandatory.

However, businesses have the flexibility to proactively apply for PF registration at any point, offering tax-saving benefits to their workforce.

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2023-11-30

Germany’s trade with the GCC, 2023/24 Status and Prospects

Dezan Shira & Associates

Germany is adjusting its relations with the GCC. Previously, Germany’s economic interaction with the GCC was mostly due to non-energy exports in the manufacturing, infrastructure, or service sectors. However, Germany has entered into new energy partnerships with the GCC to diversify its energy supply.

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2023-11-30

China’s Visa-Free Policies: Latest Updates

Dezan Shira & Associates

After almost three years, China has finally reopened its borders to international travelers.

This means China has begun permitting people with valid travel documents that allow visa-free entry back into the country and has once again started issuing its short-stay entry permits that are available on arrival for citizens of certain countries.  

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2023-11-29

Udemy Business 2024 Global Learning & Skills Trends Report

Udemy Business

A single factor could ultimately determine whether a company can execute its business strategy and deliver on its goals: skills. Do your employees have the skills they need to drive personal and business growth? More and more companies are starting to understand the value of the skills-based economy, and, as a result, they are evolving to become skills-based organizations. The question is: Are you ready?

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2023-11-14

Dubai Announces US$67.1 Billion Budget for 2024-2026

Dezan Shira & Associates

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the fiscal cycle of 2024-2026, with total expenditures of AED246.6 billion (US$67.1 billion).

The spending plan reflects the emirate’s economic recovery and boosts its ambitions to stimulate the macro-economy and support the objectives of the Dubai Strategic Plan 2030 development project as well as the Dubai Economic Agenda “D33”.

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2023-11-10

Service Contracts in Vietnam: What You Need to Know

Dezan Shira & Associates

Foreign firms in Vietnam occasionally face a skills gap when undertaking certain functions or projects. Traditionally, they would hire an employee under a labor contract to address this gap. However, for temporary tasks or projects, firms may opt for a service contract as a more suitable alternative.

But what exactly are service contracts, and how do they differ from labor contracts?

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