Monthly minimum wage in Serbia for 2025 set at €457

autor:

28. avg. 2024. 11:19

| News

Serbia’s monthly minimum wage will see a 13.7 percent increase next year, rising to 53,592 dinars (457 euros), according to a decision made during a meeting of the Social and Economic Council, which comprises representatives from the government, labor unions, and the Serbian Association of Employers.

Prime Minister Milos Vucevic, who attended the meeting, said that, for the first time in six years, all three social partners reached an agreement on the minimum wage for the upcoming year.

Vucevic also highlighted that, for the first time, the minimum wage will fully cover the cost of the basic consumer basket.

The current minimum wage in Serbia is approximately 47,000 dinars (1 euro – 117 dinars), with official figures showing around 100,000 workers earning this amount. However, unions argue that a significantly larger number of employees are paid at this level each month.

Finance Minister Sinisa Mali said the hourly wage rate will be increased from 271 to 308 dinars.

During initial negotiations, unions called for a 20-30 percent wage increase, while employers requested a tax reduction for any wage increase above the growth rate of GDP and inflation.

Negotiations over the following year’s minimum wage begin on August 15 and should be concluded by September 15. However, if no agreement is reached, the Ministry of Finance determines the rate of increase.