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Serbian Finance Ministry proposes 297.93 euros minimum wage

Christian Fernsby |
Serbian Finance Minister Sinisa Mali said on Friday his ministry had proposed a minimum monthly wage of 35,012 dinars (297.93 euros) for next year.

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Speaking to reporters after a meeting of the Collegium of the Social Economic Council on the minimum wage, Mali said the ministry had also proposed facilities for employers including a non-taxable portion of the minimum wage of 19,300 dinars (164.21 euros), up from the present 18,300 dinars (155.70 euros).

In addition, the ministry proposed a 0.5 pct reduction of pension and disability insurance contributions, he said.

Besides Mali, the meeting was also attended by Serbian Association of Employers President Milos Nenezic and the leaders of the Independence Union and the Confederation of Autonomous Trade Unions of Serbia, Zoran Stoiljkovic and Ljubisav Orbovic.

Mali said the ministry had proposed a 9.4 pct increase of the 2022 minimum wage from the present 32,000 dinars (272.28 euros) to 35,012 dinars (297.93 euros).

He said the minimum wage was approaching the 300-euro mark.

“Just to remind you, the minimum wage in 2010 was 15,700 dinars (133.59 euros), while today it is more than twice the amount,” Mali said.

That shows that the Serbian minimum wage has been growing faster than the national GDP, he said.

Talks on the minimum wage will be continued at a Social Economic Council session scheduled for September 2.

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