An AHK India publication

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 in India



A Guide to Minimum Wage in India in 2022


Dezan Shira & Associates

The minimum wage in India has for a long time been regulated under the purview of the Minimum Wages Act, 1948. This will now be subject to the provisions of the Code on Wages Act, 2019, which was notified in August 2019.

In fact, the Code on Wages Act replaces four labor regulations – Minimum Wages Act, 1948; Payment of Wages Act, 1936; Payment of Bonus Act, 1965; and Equal Remuneration Act, 1976.

The new wage code prohibits employers from paying workers less than the stipulated minimum wage. Further, minimum wages must be revised and reviewed by the central and state government at an interval of not more than five years.



Lithuania: Non-payment of wages the most common reason for labour disputes

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The State Labour Inspectorate (SLI) has published the semi-annual report on the activities of the Labour Dispute Commissions (LDC) for the first half of 2022. Most of the requests to the LDC concerned workers’ remuneration.

The LDC is a governmental, pre-judicial body in Lithuania to which the parties to a labour dispute can turn. According to the published information, the LDC issued a total of 6 157 (in the second half of 2021, the number was still more than 6 800) decisions on requests submitted by claimants, of which 4 647 (about 75%) decisions concerned remuneration disputes.



The AHK India 66th Annual review

AHK India 2022 Annual Review

Incorporated in 1956, the Indo-German Chamber of Commerce is the primary contact for Indian and German companies who want to do business with each other. In addition, we act as a voice for the Indo-German business community at various levels. Our Annual Review covers all the important and relevant activities of the Chamber over the previous year covering all the Chamber events, Trade Fairs, IGTC, and much more.



Czech REpublic: Intentionally faking work performance may constitute a particularly gross breach of employee’s duties

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According to the Czech Republic Supreme Court, intentionally faking work performance may constitute a particularly gross breach of employee’s duties.

The decision by the Supreme Court of 20 May 2022 that is at the heart of this article (21 Cdo 424/2021) addresses, among other things, the issue of employees deliberately faking work performance for the employer, and arrives at interesting conclusions especially for employers who seek clarification how severe a breach of work obligations by the employee must be in order to justify the (possibly summary) dismissal of the employee on grounds of a violation of statutory duties related to their work.



All Roads lead to Kazakhstan – or do they?

CT Executive Search Press Release

What opportunities lie in wait for European investors, and how will the country’s economy and job market evolve in the coming years?

These are the questions that were addressed at the webinar titled “Kazakhstan – Status Quo and Economic Perspectives”, organised by Bundesverband mittelständische Wirtschaft (BVMW), CT Executive Search and SCHNEIDER GROUP.

“Kazakhstan has become a very attractive location for many European companies, looking to significantly expand their operations in the CIS. For qualified candidates interested in executive positions, this is definitely a market to consider – demand for top level executives continues to increase and the salaries are extremely lucrative. Already, CT Executive Search has successfully helped several companies in the manufacturing, agricultural and IT sectors in Kazakhstan, recruit highly qualified personnel who can work successfully on the local market while being familiar with the specifics of an international company. Our highly qualified and experience team of HR experts is always ready to provide the same high quality recruitment services to all companies looking to do business in Kazakhstan.” - says Christian Tegethoff, Managing Director, CT Executive Search.



Keeping up with Romania’s Economic Growth

CT Executive Search Press Release

Romania’s economic growth shows no signs of slowing down as investors continue to pour in and companies expand their business operations. What are the legal aspects of doing business in Romania? How are companies addressing the ever-increasing labour shortages? And where should recruiters look for suitable candidates?

These are the questions that were addressed on the 14th of September at the webinar organised by AHK Romania, CT Executive Search, Elite Searchers and STALFORT.Legal.Tax.Audit.

“Given Romania’s highly skilled workforce, proximity to other European markets, and favourable conditions for setting up a business, it is an ideal nearshoring location for Germany and other European countries alike. As in most Eastern European countries, there is currently a clear shortage of workers in Romania. CT Executive Search continues to work closely with companies doing business in Romania, in identifying the ideal candidates for management positions. We also work closely with our clients in developing the right HR strategy to ensure that only the best talent is recruited, and proper attention is given to talent development and retention” – says Christian Tegethoff, Managing Director and Founder, CT Executive Search



What Content Should Be Included in All Employment Contracts in China and the UK?

Dezan Shira & Associates

When it comes to signing an employment contract in China, there are a few key things that you should always include. 

This information is essential for both employers and employees, so it’s important to know what’s required before signing on the dotted line.



Talent Acquisition After the Pandemic in India: Tips for HR and Recruitment

Dezan Shira & Associates

As employers in India confront trends like ‘quiet quitting’, this update examines changes to recruiting in the post-COVID era and discuss smart strategies for enterprises to benefit from the shifts in work attitudes and employment priorities. Flexible hiring practices, customized work assessment policies, and effective employer branding will allow enterprises to attract the best talents and achieve staff loyalty. Companies may also need to opt for a more distributed workforce and adopt telecommuting. While retaining their traditional workforce, this new flexibility in recruitment policies will help enterprises cast a wider net for skilled and “compound” talents, who may have previously been unavailable due to mobility and location challenges or time constraints.



Lithuania: Amendments to the Labour Code enter into force in stages

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The first part of the legislative package came into force on 1 August 2022. Others will follow in the coming months.

The majority of the changes adopted are aimed at better reconciling employee’s work obligations with their personal or family needs.

Parts of the legislative package therefore include additional rest days for certain employees, an extended right to part-time work and telework, and better protection against dismissal and discrimination.



Vietnam’s Tech Startups: Human Resource Challenges

Dezan Shira & Associates

Vietnam’s startup environment is dynamic and is rapidly growing. However, human resources are one of several challenges for tech start-ups. Vietnam Briefing addresses key issues in tech startup talent and approaches for attracting and retaining them.



Drafting a Contract of Employment in China and the UK (Minimum Requirements)

Dezan Shira & Associates

A firm understanding of China’s laws and regulations related to Labor Law is essential for British and Irish investors who want to establish or are already running foreign-invested entities in China, as well as for local managers and HR professionals who may need to explain complex points of China’s labor policies.




Roland W. Schacht, Regional Manager Central Europe and Managing Director, Schmitz Cargobull Romania

Could you shed more light on Schmitz Cargobull’s activities in Romania?

Why was the Bucharest location chosen at the time? In Romania, we maintain a sales subsidiary that deals with the sale of new and used vehicles and the spare parts business. We have a total of 35 employees in Romania, the country headquarters is in Bucharest. Our sales network is distributed throughout the country.




Christian Tegethoff, Managing Director, CT Executive Search

What are the current trends on the Romanian job market?

As in most Eastern European countries, there is a clear shortage of workers of all kinds in Romania.

In addition to structural reasons, there are some current causes for this. The Romanian economy has largely overcome the problems of the Covid period and is experiencing a considerable recovery. Foreign and local companies are recruiting heavily. The trend towards "nearshoring" makes Romania interesting again as a production and more efficient location.




Sebastian Metz, Executive board member, German-Romanian Chamber of Industry and Commerce (AHK Romania)

AHK Romania, the largest bilateral chamber of commerce in Romania, is celebrating its 20th anniversary this year. What role does it play in the local economy?

The year 2022 is a special year for AHK Romania, because we are celebrating 20 years of successful activity as AHK. A lot has happened in these 20 years, both for us as AHK, for our large bilateral business community, as well as for Romania - the country is developing more and more from a "simple" production location to an innovation location. We are currently registering a particularly high level of interest in Romania - a location that is not yet well known everywhere in Germany and that is unfortunately sometimes, often wrongly, still viewed in a slightly negative light.



Vietnam’s Visas and Work Permit Procedures

Dezan Shira & Associates

Vietnam reopened its border to foreign visitors and workers from March 2022 while seeking to simplify entry procedures to boost the economy. After making amendments to the Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam in July 2020, Vietnam has recently updated some relevant details, which foreigners and businesses should be aware of.



The Philippines’ 2022 Strategic Investment Priority Plan

Dezan Shira & Associates

The Philippines extended and expanded the tax incentives for a wide range of industries under the 2022 Strategic Investment Priority Plan (SIPP).  The selected industries are those the government deems to be critical to the country’s development such as artificial intelligence, and high technical manufacturing.

Incentives in the SIPP take the form of income tax holidays (ITH), enhanced deductions (EH), and a preferential five percent corporate income tax rate (CIT).



Hiring Foreign Employees in China: A Quick Checklist of Requirements

Dezan Shira & Associates

Since June 2022, China has been relaxing some of its most stringent travel restrictions, including PU letter exemption for the application of Z-visa (work), M-visa (business), and F-visa (visitor), the shortened quarantine time for inbound travelers from the 14+7 model (14 days of centralized quarantine and 7 days of home quarantine) to a 7+3 model (7 days of centralized quarantine and 3 days of home quarantine), and the simplification of the work permit application process for foreigners.

All these updates indicate that mainland China has finally started to reopen its border and employers can generally resume the normal recruitment and employment of foreign employees.



An Introduction to Import, Export and Investment Incentives in Vietnam

Dezan Shira & Associates

With a strategic geographical location, a competitive workforce and a range of cost-saving opportunities, Vietnam is considered an attractive investment location for foreign investors.

In this context, the Vietnamese government has continuously improved business conditions through reforms and the improvement of investment incentives, making the country more attractive to foreign investors. This update explores what benefits foreign investors can reap, including the tax and import/export incentives available.



Poland: Remote working will be permanently introduced into the Labour Code

bnt attorneys in CEE

The Sejm is working on a project to introduce rules and obligations for employers and employees concerning remote working in Poland.

Remote work was introduced into the legal system as an ad hoc temporary solution during the COVID-19 epidemic. The parties to the employment relationship recognized the advantages of this form of working – and the legislator decided to regulate the issue in more detail in the Labour Code.



The Guide to Employment Permits for Foreign Workers in the Philippines

Dezan Shira & Associates


For expatriate workers and their employers in the Philippines, it is essential they understand the process of obtaining a work visa and employment permit to legally work in the country.

The Labor Code is the main employment statute in the Philippines and the Department of Labor and Employment (DOLE) is the administrative entity in the field of labor and employment.

Foreign nationals planning to work in the Philippines are required to secure a work visa, which can be obtained from the Philippines’ Bureau of Immigration (BI), as well as an Alien Employment Permit (AEP) issued by DOLE.




Uwe Köhler, Managing Director, Husqvarna, Bulgaria.

What is your experience with recruiting workers?

We don't have any major problems recruiting. We are eleven kilometers outside of Ruse, where there are few jobs. Luckily for us, many of our positions are well suited for women; the proportion of female employees is 35 percent. Here, women can earn just as well as their men; we “man” entire assembly lines with women.



How to prepare for living and working in a new country

Nordic Minds

Working in a different country is a fantastic opportunity – professionally and personally. But such a big step needs preparation. Here are a few aspects that are worth keeping in mind.

  • Choose a supportive employer
  • Understand the culture
  • Know the visa conditions




Dr. Mitko Vassilev, General Manager of the German-Bulgarian Chamber of Industry and Commerce (AHK Bulgaria)

How is the German economy positioned in Bulgaria?

According to the Federal Ministry of Economics and Climate Protection, foreign trade turnover between Bulgaria and Germany reached EUR 9.8 billion in 2021, meaning that there was an increase of 19.43% compared to 2020.

Exports from Bulgaria to Germany amounted to 5.38 billion euros. In the opposite direction, imports from Germany to Bulgaria amounted to 4.5 billion euros.




CT Executive Search Press Release

On 16 June, CT Executive Search and Dezan Shira & Partners held a joint webinar where Christian Tegethoff, Managing Director, CT Executive Search and Riccardo Benussi, Head of EU Business Development, Dezan Shira & Associates talked about recruitment and remuneration in China post COVID-19.

“China remains an important market for our clients, and companies from the DACH region are seen as attractive employers there. Working with many of them, we have seen a trend towards hiring local talent, which at this point is just as well equipped to handle executive roles within companies.” – Christian Tegethoff, Managing Director, CT Executive Search