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The Government of the Republic of Serbia

In the service of citizens

Draft proposal for minimum wage growth dynamics presented

Belgrade, 30 May 2025

First Deputy Prime Minister and Minister of Finance Siniša Mali presented today at a meeting of the Collegium of the Socio-Economic Council a draft proposal for the growth dynamics of the minimum wage in Serbia, in order to reach the target level of €650 by the end of 2027.

At the meeting, an agreement was reached to agree on and publish at a session of the Socio-Economic Council the official proposal of the Ministry of Finance on the further development and growth dynamics of the minimum wage in Serbia by mid-June.

At the Serbian Association of Employers, Mali said that the Ministry, in cooperation with social partners, will do its best to implement this plan through the rational use of all economic levers and with full responsibility towards the real sector and employees.

The First Deputy Prime Minister specified that the minimum wage in Serbia currently amounts to RSD 53,592, or €457, after it was increased by 13.7 percent in January of this year.

This was a continuation of the double-digit increase in minimum wages in Serbia, which during the previous government amounted to only RSD 15,700, and our goal is to have as few people as possible receive the so-called minimum wage, and to continue raising the quality of living standards through the continuity of the overall growth of wages and minimum wages, he said.

Mali recalled that in the previous decade, unemployment was as high as 25.9 percent. When it comes to current data, unemployment in the first quarter of 2025 is 9.1 percent, with an employment level of 51.4 percent.

He underlined that the good news is that the data for the first quarter was released today, and that unemployment has decreased compared to the same period of the previous year.

The employment rate increased by 0.5 percentage points (pp) and amounted to 51.4 percent, while the unemployment rate decreased by 0.3 pp and amounted to 9.1 percent. This is a success. The labour market is good despite all the difficulties in the country and the world, the First Deputy Prime Minister emphasised.

Mali underlined that Serbia is moving towards a defined goal, to reach an average salary of almost €1,400 by the end of 2027, while reducing unemployment.

We will consider all ideas regarding the minimum wage and work them out together, he said, highlighting the importance of consensus for a further increase in the minimum wage.