Category: NEWS
The Foreigners’ Portal in Serbia issued 34,146 Residence and Work Permits
The Serbian government reports that 34,146 applications for a Unified Permit for Temporary Residence and Work (a biometric document in the form of a card) for foreign nationals have been approved since the launch of the Foreigners’ Portal on 1 February this year as of 30 November (3,635 unified permits in November alone).
According to the Office for IT and eGovernment of the Government of the Republic of Serbia, it is possible to apply for the Unified Permit electronically through the Foreigners’ Portal, either by the foreign national or by their employer on their behalf.
A Type C visa, which allows for a stay of up to 90 days and is issued for tourism, business, or other travel, allowing for single, double, or multiple entries into Serbia, or a Type D visa, which allows for a stay of 90 to 180 days and is issued for reasons such as employment, education, family reunification, and similar purposes, can be applied for through the Foreigners’ Portal.
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Read moreAccording to IOM report, unemployment among recently displaced Ukrainians attains 24 Per Cent
A new report detailing the profound impact of nearly three years of war on the employment, mobility, and labour market dynamics in Ukraine was released by the International Organization for Migration (IOM).
It shows a higher unemployment rate (24%) among people recently displaced within Ukraine, compared to those displaced for one year or more (13%).
Alessia Schiavon, IOM Ukraine Chief of Mission highlights this disparity and the importance of targeted support of newly displaced individuals in rebuilding of their livelihoods and their future lives.
According to the report, a higher rate of unemployment (15%, compared to a national average of 11%) was recorded among working-age IDPs, as well as a higher proportion of unemployed job seekers (61%) compared to returning migrants and non-displaced individuals.
In spite of the massive decline in labour supply in the country due to the forced international migration of more than 6.7 million people, the employment rate among working-age respondents (18-60 years old) stands at 67 per cent (six percentage points lower than prior to February 2022).
The lack of local job opportunities and low wages are the most significant challenges that job seekers face in Ukraine. The low salaries and payment delays, prevalent in the public sector such as education and healthcare, have a disproportionately strong impact on the women working in these institutions.
Ongoing livelihood needs of millions of Ukrainians are also in the spotlight of the report. Nearly 5,000 people were provided with grants for micro-enterprises, vocational training, and livelihoods by IOM from January to October 2024. Totally half a million people got a direct assistance from the Organization.
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Read moreUnemployment Among Recently Displaced Ukrainians Reaches 24 Per Cent, IOM Report Shows
As Ukraine marks a thousand days since the start of the full-scale invasion, the International Organization for Migration (IOM) has released a new report detailing the profound impact of nearly three years of war on the employment, mobility, and labour market dynamics in the country. According to the report, people who had been recently displaced […]
Read more34,146 Residence and Work Permits Issued via the Foreigners’ Portal in Serbia
Since the launch of the Foreigners’ Portal on 1 February this year, a total of 34,146 applications for a Unified Permit for Temporary Residence and Work for foreign nationals in Serbia have been approved as of 30 November, according to the Serbian government. In November alone, 3,635 unified permits were issued. The Unified Permit for […]
Read moreKazakhstan Faces Doubling of Construction Industry Labor Shortage by 2030
Kazakhstan’s construction sector is grappling with a significant labor shortage, with approximately 111,000 positions currently unfilled. Prime Minister Olzhas Bektenov warned at a recent government meeting that this figure is expected to double by 2030, forecasting a deficit of over 200,000 skilled workers in the industry. Bektenov highlighted that the most affected roles include plasterers, […]
Read moreUzbekistan and Kazakhstan discussed cooperation in employment sector
Ra’no Turdieva, Deputy Minister of Employment and Poverty Reduction of Uzbekistan, met with Askar Biakhmetov, Deputy Minister of Labor and Social Protection of the Republic of Kazakhstan. The meeting focused on expanding cooperation between the two ministries in the areas of employment, professional training, and labor inspections. As a result of the meeting, the parties […]
Read moreGalt & Taggart forecasts unemployment to drop to 13.8%
Unemployment will decrease to 13.8% in 2024, from 16.4% in 2023, – according to the report published by Galt&Taggart. As of the document, unemployment rate stood at 13.8% in 3Q24 The unemployment rate reduced by 1.8ppts y/y to 13.8% in 3Q24, though it saw a slight increase from 13.7% in 2Q24. During this period, the […]
Read moreIs a better living standard implied by wage increase?
The Statistical Office of the Republic of Serbia (RZS) reports that the average gross salary for September 2024 was 132,783 dinars, while the average net salary (after taxes and contributions) reached 96,115 dinars. The median net salary (75,117 dinars) is earned by half of the employees in Serbia.
Gross and net salaries in January-September 2024 grew by 14.5% nominally and 9.3% in real terms, compared to the same period last year. The increase of the average gross and net salaries for September 2024 was 13.0% nominally and 8.4% in real terms compared to the same month in the previous year.
Traditionally, they recorded the highest net salaries in the Belgrade region, particularly in the municipalities of Stari Grad and Vračar (170,558 and 163,757 dinars). Savski Venac (158,414 dinars) and Novi Beograd (155,034 dinars) were the following.
Jablanica District had the lowest average salaries in Serbia (71,652 dinars), particularly in Bojnik (63,622 dinars), while Medveđa had the highest salaries in the district (76,929 dinars).
According to Professor Ljubodrag Savić from the Faculty of Economics in Belgrade, there are several factors contributing to income disparities in Serbia.
The first one is the location of the most significant company offices in Belgrade (foreign companies, trade firms, consultancy agencies, universities, government institutions, and public sector organizations such as Elektroprivreda Srbije). Nevertheless, there is income inequality even in Belgrade itself.
Savić explained the lowest reported salary in Bojnik (63,622 dinars) by Serbia’s population decline. Nevertheless, living costs in these regions are significantly lower than in areas like Stari Grad, Belgrade.
The income earned by 50% of Serbia’s workforce is reflected by the median salary of 75,117 dinars (approximately €700). According to Savić, this amount might not seem small in euros, but the situation changes radically when you convert it into dinars and assess their purchasing power.
Savić explained that incomes seem to rise rapidly, especially expressed in euros, but inflation often outpaces salary growth in dinars, because the euro has remained at 117 dinars for the past 10–15 years. So, constant euro-denominated exchange rate makes the figure in euros appear larger, though living standards don’t necessarily improve.
The real impact of inflation on purchasing power pointed out by Savić can be revealed by looking back a decade.
He compared the purchasing power of €100 ten years ago when converted to 11,700 dinars with today’s one and found that the difference in value is stark, whether it’s sugar, milk, or other products.
According to him, this demonstrates that economic well-being is not always accurately indicated by the euro figure.
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Read moreLvov IT Cluster expects Ukraine’s exports of IT services to drop 4%-6% in 2024
Exports of IT services are expected to decrease 4%-6% to $6.3 billion-$6.4 billion in 2024 year-on-year, Lvov IT Cluster said. “The decline in IT service exports which began in 2023 is continuing. Even with an optimistic scenario, it will decrease by at least 4% at the end of 2024 compared to 2023. With a pessimistic […]
Read moreDoes wage growth imply a better living standard?
The average gross salary calculated for September 2024 was 132,783 dinars, while the average net salary (after taxes and contributions) amounted to 96,115 dinars, according to the Statistical Office of the Republic of Serbia (RZS). Half of the employees in Serbia earned 75,117 dinars, which represents the median net salary. The growth of gross and […]
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