Minimum wage rise well below union target

Serbia Serbia

The minimum wage is to be increased by 11.1% taking it to around 30 000 Serbian dinars a month (EUR 255). The unions had called for an increase of 24.5% to bring it in line with trends in the cost of living while the employers were looking at only 6%-10%. A deal couldn't be reached in tripartite dialogue and so the government acted unilaterally, while also lowering certain taxes on wages and benefits that employers have to pay. The minister of finance also announced a planned 5% increase for all public companies from 1 January 2020. 

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