In Albania, all contracts of employment need to be in writing. However, if a contract is not in written form due to some special reason, the employer has seven days from the start of employment to ensure that a written contract is provided. If that is not done, an employer can be fined up to thirty times the value of the minimum monthly salary.
Known for its beautiful Northern Lights, Iceland is a small Nordic island nation known for its laws on freedom and equality for all citizens. In 2008, after having suffered a massive financial crisis, it became successful in increasing its GDP to $23 billion by 2017. Iceland is a country primarily supported by fisheries and manufacturing industries which allow for the harvesting and export of marine products and goods. Iceland also has a relatively complicated tax system where a large share of individual income goes to the government, including municipal authorities, in order to provide welfare and benefits to its citizens.
Despite the landlocked borders hindering its trading capacity, Armenia has established itself as an emerging regional financial center by leveraging its high availability of labor and technology. For sustained economic growth, the government guards its workers’ rights very strictly. Local, as well as foreign entrepreneurs who wish to avail the business opportunities in the country, must ensure that they fully understand and adhere to the labor law in Armenia.
The Hungarian government made some significant changes to the labor law in the country in early 2020, targeting key issues to ensure the wellbeing of employers and employees as well as job security.