![]() The employer must abide by the Labor Code and collective agreements. Employment agreement ✍️ An employment agreement occurs when an employee performs duties for an employer and adheres to internal work rules in exchange for compensation. ![]() In this article, we will review employment agreements as well as annual leave laws, sick leave, parental leave, and termination requirements. As a company owner looking to hire abroad, you will need to review some of the Ukrainian employment laws that determine not only the type of employment relationship and contracts that makes sense for your new hires, but also some of the benefits entitled to those hires as well. The same year, $571 million was invested in Ukrainian tech companies, with startups valued at more than $1 billion. In fact, exports in the IT industry grew by 20.4 percent in 2020, crossing $5 billion, which is unprecedented in Ukraine. While many countries' economies were hindered by the COVID-19 crisis, Ukraine saw many gains in its IT and tech industries, as well as its startup culture. The country has been historically dependent on fossil fuels however, the Chernobyl Crisis in 1986 fomented an environmental movement that not only inspired more independence from fossil fuels, but also independence from the Soviet Union. The country is notable for its iron and steel industries, in addition to its petroleum and natural gas industries. ![]() US companies may also look at Ukraine as a desirable location for building international business. Kyiv attracts many visitors interested in exploring a beautiful part of Europe with a remarkable evolution. Kyiv, for instance, boasts a vibrant city life, replete with a fashion district, high-end art galleries, and a thriving retail market. As a former republic of the Soviet Union, Ukraine's history of social upheavals has left an indelible mark on its cities, and some would likely be unrecognizable compared to their austere, Soviet Union days. Ukraine is a beautiful country with a long and complex history. ![]()
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