LITHUANIA IS INCREASINGLY SEEN AS A STRATEGIC PARTNER
Dominic Otto, Deputy Managing Director of the German-Baltic Chamber of Commerce, Lithuania Office
Could you comment on the German business community's presence in Lithuania, as well as the key sectors driving economic cooperation between Germany and Lithuania?
German business is especially well represented in Lithuania in the fields of metal processing and the automotive industry. Companies such as Hella and Continental operate production facilities in Lithuania and are among the most important German investors in the country.
BALTIC COMPANIES PREFER TO HIRE EXECUTIVES FROM THEIR OWN COUNTRY
Kateryna Aleksiuk, Director Ukraine & Baltics, CT Executive Search
Kateryna, how would you describe the current economic situation in Lithuania, particularly in terms of the demand for executives?
Lithuania is showing positive economic indicators, which are driving an increase in demand for qualified executives. According to the Ministry of Finance of Lithuania, GDP growth in 2025 is projected to be 2.8%. This growth is stimulating business expansion, which, in turn, raises the need for experienced leaders who can effectively manage the development of companies.
From Traditional Manufacturing to Intelligent Systems: Talent Strategy and Operational Restructuring
As China accelerates its transition to smart and green manufacturing, the sector’s greatest challenge is no longer just technological adoption—but talent. This article explores how businesses must adapt their China manufacturing talent strategy, from skill diversification and education-industry alignment to employer branding and AI-driven talent analytics, to stay competitive in a digitally and environmentally driven era.
Slide of the month (SOTM). Which country in Africa has the highest number of large gas projects?
Africa’s oil and gas sector remains a key focus of global interest, with natural gas emerging as a primary target for investment. Many countries hold substantial reserves, and governments are actively driving large-scale gas projects across the continent.
Building Localized Recruiting Strategies to Succeed in China’s Evolving Labor Market
Businesses operating in China face unique challenges that necessitate localized recruiting strategies. By adapting to local cultural nuances, regulatory environments, and digital trends, foreign invested enterprises can better navigate the complexities of the Chinese market, attract top talent, and build a more resilient workforce.
Understanding Malaysia’s Foreign Worker Policies: A Guide for Foreign Investors
Malaysia’s economy is heavily reliant on foreign labor, particularly in key sectors such as manufacturing, construction, and services. As of 2024, there are approximately 2.3 million foreign workers in the country, making up 14.6 percent of the total workforce.
From Recruitment to Retention: Talent Trends and Strategies in China
China’s labor market is undergoing rapid transformation, driven by demographic shifts, evolving workforce expectations, and technological advancements. In recent years, businesses have been facing growing challenges in attracting, engaging, and retaining top talent as competition for skilled professionals intensifies.
In this China Briefing issue sheds light on:
- Navigating China’s Evolving Labor Market
- Building Localized Recruiting Strategies for Your China Business
- Beyond Salary: Holistic Approaches to Talent Retention in China
ALMOST EVERY GERMAN COMPANY IS SATISFIED WITH ROMANIA AS A BUSINESS LOCATION
Sebastian Metz, Executive board member of the German-Romanian Chamber of Industry and Commerce (AHK Romania), Bucharest
What are the anticipated economic implications of Romania's recent political devel opments?
Political unrest always affects the economy, usually by reducing investor confidence and causing businesses to adopt a wait-and-see approach. We are currently experiencing these effects as well - companies are postponing decisions on expansions or investments, or in extreme cases, abandoning investment plans altogether.
Romania: MORE MANAGERS ARE CONSIDERING RELOCATION
Christian Tegethoff, Managing Director, CT Executive Search
What kind of positions are you currently recruiting to in Romania?
At CT Executive Search, we primarily recruit senior executives in Romania for inter national companies, mostly with Western European or U.S. roots. Our clients are predominantly from the upper mid-market segment, alongside major corporations.
The Business Magazine of the Indo-German Chamber of Commerce
Romania: Adapting to new legislation on foreign investment approval
Gabriel Popa, Partner, STALFORT Legal. Tax. Audit.
Foreign investments are a key component of Romania’s national economic devel opment, significantly impacting job creation, innovation, international trade, and f inancial flows. In this context, Romania regulates the approval process for such investments through Emergency Ordinance No. 46/2022 (with subsequent amend ments, hereinafter "EO 46"), which sets the conditions under which foreign direct investments require prior approval.
Navigating Hong Kong’s Annual Employer’s Return: Compliance and Best Practices
The Annual Employer’s Return filing in Hong Kong begins on the first working day of April and should be completed within one month. Hong Kong employers are advised to start preparations early and allocate sufficient resources to meet this tight deadline. Non-compliance with the Annual Employer’s Return filing requirements may result in avoidable penalties.
This article answers the following questions:
- What kind of employees are subjected to the Annual Employer’s Return?
- What to file in the Annual Employer’s Return?
- How to file the Annual Employer’s Return?
Breaking Down Singapore’s Work Permit Changes: What’s New for 2025?
Singapore is set to implement significant changes to its Work Permit and S Pass frameworks, aiming to enhance workforce stability and address labor shortages. These reforms, announced by the Ministry of Manpower (MOM), will take effect between July 1 and September 1, 2025, and focus on extending employment opportunities for foreign workers, refining S Pass eligibility, and broadening the talent pool across various sectors.
India’s Tech Workforce Shifts as GCCs Outpace Traditional IT Firms
While the IT industry is poised to reach US$300 billion in revenue by financial year 2026-27, employment trends indicate a significant shift in workforce distribution and employer preferences.
India’s tech hiring trends in 2025 reflect a broader movement toward efficiency, innovation, and strategic workforce planning. With AI-driven automation reshaping business models, companies must prioritize digital transformation, employee upskilling, and advanced hiring strategies.
China’s Labor Law: Key Developments in 2024 and Trends to Watch in 2025
China’s labor law landscape underwent significant reforms in 2024. These changes have had a direct impact on workforce management, social security policies, and compliance requirements for both domestic and foreign-invested enterprises.
As China moves into 2025, further reforms are expected. Employers will need to adapt their HR strategies to stay compliant.
The Indo-German Chamber of Commerce Newsletter
Personal Income Tax Changes in India Under the New Regime for FY 2025-26
India Briefing by Dezan Shira & Associates
India’s personal income tax system has undergone substantial revisions with the Union Budget announced on February 1, 2025. These changes only impact taxpayers opting for the new tax regime. We provide a comprehensive breakdown of the updates, tax slab comparisons, and their implications.
The Business Magazine of the Indo-German Chamber of Commerce
Want to stay updated with all the Indo-German news? The Indo-German Economy 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.
Highlights:
- APK 2024
- Indian Delegation Visits AMB 2024
- Harnessing the Wind: Hamburg 2024
- HR Forum 2024
Philippines Updates Rules for Work Permits for Foreign Workers
ASEAN Briefing by Dezan Shira and Associates
In response to the growing demand for foreign expertise and concerns about local employment protection, the Department of Labor and Employment (DOLE) has introduced new regulations governing work permits for foreign workers in the Philippines. These updates aim to enhance transparency, streamline procedures, and ensure that foreign employment aligns with national labor policies.
Requirements in Key Professions: 2025 Compliance
Middle East Briefing by Dezan Shira & Associates
Saudi Arabia’s Ministry of Human Resources and Social Development (MHRSD) has introduced new Saudization requirements, to be in phases across 2025, to enhance local employment across 269 professions. Companies should note the increased Saudization rates to maintain labor compliance. Government support programs will aid companies in recruiting and training Saudi nationals for affected roles.
Kuwait’s New Workforce Regulations: Balancing Labor Rights and Economic Growth
Middle East Briefing by Dezan Shira & Associates
Kuwait has introduced a series of regulatory changes aimed at improving labor conditions, streamlining workforce management, and enhancing the efficiency of government projects. These new measures include stricter housing regulations for workers, mandatory fingerprint attendance for government projects, and policy updates impacting labor mobility. As the country seeks to balance economic priorities with labor rights, these reforms signal a broader shift in workforce management.
CT EXECUTIVE SEARCH WELCOMES KATERYNA ALEKSIUK AS DIRECTOR UKRAINE & BALTICS
CT Executive Search Press Release
CT Executive Search has invited Kateryna Aleksiuk to lead its operations in the Baltic States and Ukraine. Kateryna is a seasoned professional with over a decade of experience in executive search, recruitment, and talent consulting, and a proven track record in successfully identifying and recruiting candidates to top positions in companies across the globe.
"I am thrilled to welcome Kateryna to CT Executive Search. Her outstanding professional track record and her in-depth understanding of the Baltic and Ukrainian markets, make her an invaluable addition to our team. She is uniquely equipped to help our clients build high-performing leadership teams and seize opportunities in these dynamic regions, thereby, aligning perfectly with our commitment to providing exceptional service to our clients." – Christian Tegethoff, Managing Director, CT Executive Search
Empowering Leadership: Lessons from Crawling Backwards
Topics covered:
- The Problem: Misguided Leadership
- The Solution: Leading by Example to Empower
- The Next Step: Learning to Trust
- The Conclusion: Leadership as Growth
UAE Work Permit: A Comprehensive 2025 Guide
The United Arab Emirates (UAE) is a global business hub, offering exceptional opportunities. This Introduction to Doing Business in the UAE 2025 guide sheds more light on:
- HR & payroll
- Corporate establishment and business closure procedures
- Tax and audit
- Transfer pricing
Czechia: Minimum wage set to rise in 2025
The Czech government has approved the coefficient for the calculation of the minimum wage for 2025 and 2026. The relevant amendment to the Labor Code has come in force as of 1 August 2024.
