Minimum wage in Serbia will attain 551 euro as of Jan 1

As finance minister Sinisa Mali said on Tuesday, Serbia’s government declared an increase of the minimum monthly net wage by 10.1% to 64,554 dinars ($647/ 551 euro) as of January 1, unable to reach an agreement on the hike with both employers and unions.
Before that, there was a 9.4% extraordinary increase in minimum monthly wage, as for October 1. As Mali said in a press release, the government will formalize the decision on the increase on Thursday, after a meeting of the Social and Economic Council, composed of representatives of the government, employers and trade unions.
According to local media, neither employers nor unions liked the government’s proposal for the increase of the minimum monthly wage to 551 euro as of January 1, made during the negotiations that started last month. Employers claimed to be overburdened with expenses and insisted on the minimum wage set at 500 euro, while unions highlighted rising electricity and food prices, as well as overall inflation acceleration and wanted the minimum wage to increase to 70,000 dinars. As the Beta news agency reported, both sides stuck to their positions during the Tuesday meeting.
Nevertheless, as Mali noted on Tuesday, the government will increase the non-taxable portion of minimum wages by 20.4% to 34,221 dinars to partly meet the demands of the employers. She also added that nearly 90,000 people work for minimum wage in Serbia.
There is a typical increase of monthly minimum wages in Serbia each January. However, the rising dissatisfaction over rising food prices as well as months-old anti-government protests that the collapse of the canopy at the train station in the northern city of Novi Sad on November 1 with 16 victims had triggered, made the government resort to the October hike. Also, President Aleksandar Vucic announced last month a set of measures aimed at boosting citizens’ purchasing power and standards of living, including capping retailers’ profit margins and offering lower interest rates on consumer loans, to address this discontent.
The most recent data available from the trade ministry reported that the minimum consumer basket in Serbia cost 55,870 dinars in May. The acceleration of the country’s annual consumer price inflation between June and July was 0.3%.
According to the statistical office, out of the Serbian population of around 6.59 million, about 2.37 million persons were employed in the second quarter of 2025.
Previously, there was a 13.7% increase of the minimum monthly net wage in Serbia in January.

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