Minimum wage in Serbia for 2025 to be 53,592 dinars

It is an increase of more than 13 percent

After a meeting of the Social and Economic Council, representatives of trade unions, employers and the Government spoke at the Palace of Serbia.

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Prime Minister of Serbia Milos Vucevic said that after 6 years, for the first time, the minimum wage was agreed on during a session and that the Government will not have to make a decision on its own.

"After many preparatory meetings, collegiums and a lot of work, the increase is 13.7 percent, i.e. 308 dinars per hour, 53,592 dinars per month," Milos Vucevic said.

Minister of Finance Sinisa Mali spoke after the prime minister.

"This year we made a big step forward. In figures, hourly wage went from 271 to 308 dinars, (monthly) from 404 euros to 457 euros. We are crossing the limit of 450 euros in minimum earnings," said Mali.

The minister said that with this minimum amount, we will cover the minimum consumer expenses from May, which were 53,518 dinars.

Mali also said that from January 1, the non-taxable portion will increase to 28,432 dinars.

He also pointed out that we have record low unemployment - 9.4 percent.

President of the Union of Employers Milos Nenezic said that he was satisfied with the outcome of the negotiations and noted what the emphasis would be on in the coming period.

"We are trying to put special emphasis the parts of Serbia other than Belgrade in the coming period. Abuse of sick leave is a topic that we will also deal more with, as well as reducing red tape."

Trade unions asked for 62,000 dinars, employers were ready for something above 50,000 dinars, and President of Serbia Aleksandar Vucic said he would like the number to be between 53,000 and 53,500 dinars.

"56 percent of the average salary gave a good starting point for the negotiations that we will have going forward. We would have been much more satisfied if that amount could have been higher at the given moment, but this is the kind of consensus we were able to reach," said Cedanka Andric, president of the trade union UGS Nezavisnost.

"Apart from the fact that the number of people who receive it should not be increased, the period for which it is received should not be increased either. The minimum wage is not the same as the agreed wage, we stressed the fact that we all have to do more in order to have more collective agreements, especially at the sectoral level," she said.

(Telegraf Biznis)