2024-03-19

UAE Dominates GCC Investments in Africa, Port Infrastructure & Renewables a Key Focus Area

Dezan Shira & Associates

The UAE is competing with Saudi Arabia, Qatar, and China via its infrastructure and energy investments for strategic influence in Africa and better trade access.

According to FDI Markets, the combined foreign direct investment (FDI) of the top five Gulf Cooperation Council (GCC) states in Africa amounted to US$101.9 billion between 2012 to 2022. The top five beneficiaries of these FDI inflows are Egypt, Morocco, Algeria, Nigeria, and South Africa. Egypt alone received about 68 percent of the total FDI.

More...

2024-03-18

Lithuania: As an employer, are you in arrears with your employee?

bnt attorneys

Consequences: default interest on late payment of salary or benefits, or a contractual penalty following the termination of the contract

Pursuant to Art 147 of Lithuania’s ‘Labour Code’, an employer is obliged to pay a contractual penalty to an employee if their salary and other work-related benefits (such as travel allowance, compensation for leave not taken, etc) are not paid on time.

More...

2024-03-18

UAE’s Top Emerging Sectors for Investors in 2024

Dezan Shira & Associates

Economic diversification plans in the UAE have catalyzed growth across emerging sectors like hospitality, e-commerce, cryptocurrency, and AI.

This article explores some of the most promising sectors within the UAE economy for 2024. Ranging from hospitality to e-commerce, cryptocurrency, and artificial intelligence (AI), each of these sectors is expected to play a pivotal role in shaping the nation’s shifting economic landscape.

More...

2024-03-15

africon releases a special Africa Economic Report exploring the business potential of the next frontier

africon GmbH

This special Africa Economic Report navigates the multifaceted dimensions of Africa’s markets, from industries to regulatory frameworks to innovative ventures to sustainable practices. 

Topics covered include:

  • Recent economic developments
  • Opportunities in selected economies in Africa
  • Successful projects implemented in Africa
  • Challenges, solutions and recommendations on doing business in Africa

More...

 

 

2024-03-11

Inside India's Manufacturing Revolution: Strategies and Insights for Business Success

Dezan Shira & Associates

India is emerging as an important manufacturing destination in Asia and its strategic advantages and government support position it as a significant player in global manufacturing.

This edition of India Briefing Magazine, offers an overview of the country's rapidly growing manufacturing landscape, discussing market entry strategies for foreign stakeholders and expansion strategies for domestic players seeking foreign capital and access to technology. It also sheds more light on the futuristic industries, where India is growing its manufacturing capacity on one hand, and prioritizing sustainability goals on the other.

More...

2024-03-07

PIPL 2023/24: Cross-Border Data Transfer in China Handbook

Dezan Shira & Associates

This handbook helps explain the key facets of China’s CBDT regime from a business perspective, highlights recent trends and expected developments, and offers practical steps for business to consider when planning their compliance approach.

More...

2024-03-05

kazakhstan: THE OPPORTUNITIES OUTWEIGH THE ISSUES

Hovsep Voskanyan, Delegate of the German Economy for Central Asia

German companies seem to continue to show an avid interest in doing business in Kazakhstan. Would you care to comment on this?

There has indeed been an increased interest in Kazakhstan, and Central Asia as a whole. There are several reasons for this, including sanctions against Russia and the German government's efforts to minimize risks with regards to its China strategy. Thus, Kazakhstan is becoming more prominent as an alternative when it comes to diversification. The country has also made significant efforts to become more attractive to international investors.

We have witnessed ambitious political and economic reforms, as well as strong economic dynamism driven by a young and growing population.

More...

2024-03-04

kazakhstan: ACTIVE ENGAGEMENT IN BUSINESS DEVELOPMENT IS DEFINITELY HELPFUL

Christian Tegethoff, Managing Director CT Executive Search

What positions do you recruit to in Kazakhstan?

For most of our clients, Kazakhstan is primarily of interest as an export market, although its significance as a logistics hub and a potential investment location has increased over the past year and a half. The country is a significant buyer of agricultural and mining equipment and offers potential for a range of other investment goods, as well as the consumer goods industry.

More...

2024-03-03

Qatar and Kazakhstan Sign US$25 Billion in Deals, Strengthen Relations

Dezan Shira & Associates

The deepening partnership between Qatar and Kazakhstan, underscored by a recent round of trade agreements and investments, reflects a commitment to advancing economic cooperation and mutual prosperity.

From February 13-14, 2024, President Kassym-Jomart Tokayev of Kazakhstan embarked on a state visit to Qatar, engaging in pivotal trade and investment discussions with Emir Sheikh Tamim bin Hamad Al Thani. The culmination of these talks resulted in the signing of commercial agreements worth US$24 billion...

More...

2024-03-02

Kazakhstan: UNDERSTANDING OF THE LOCAL CULTURE IS IMPORTANT

Semyon Cherkasov, Research Director Eastern Europe CT Executive Search

How do you assess the local talent pool?

Kazakhstan is a recognised and thriving business region. This means that all available recruitment tools can be used to attract highly skilled personnel. Requirement for candidates at this point include an understanding of the local culture and business environment.

More...

 

2024-03-01

Emerging leadership: Challenges for Young Leaders

Nordic Minds

Leaders don't emerge fully formed. They develop and grow over time, they make mistakes, they fail, they succeed. This journey is a crucial part of emerging leadership. 

Now more than ever, there's a pressing need for inspired up-and-coming leaders who can bridge divides and drive tangible change. Passionate and dedicated rising leaders are defining a new era of compassionate and purpose-driven emerging leadership. 

More...

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.

More...

 

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.

More...

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

More..

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.

More...

 

 

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.

More...

 

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.

More...

 

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

More...

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.

More...

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

More...

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.

More...

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

More...

 

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.

More...

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.

More...

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...

More...