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The Government of the Republic of Serbia

In the service of citizens

Extraordinary minimum wage increase by 9.4 percent as of October

Belgrade, 15 July 2025

First Deputy Prime Minister and Minister of Finance Siniša Mali stated today that a decision was made at a session of the Socio-Economic Council to increase the minimum wage by 9.4 percent from 1 October this year, or from RSD 53,592 to RSD 58,630, which in euros is an increase from €450 to €500.

Speaking at a press conference held after the session of the Socio-Economic Council, Mali emphasised that this year the minimum wage is being increased twice - the first increase came into effect on 1 January, when the minimum wage increased by 13.7 percent, while the second will be from October and will amount to 9.4 percent.

If we agree and implement a regular increase of 10.1 percent from 1 January 2026, to €550, that is a cumulative increase in the minimum wage of 37 percent in just 12 months, said the First Deputy Prime Minister, underlining that this shows care for employees, which is a policy that will not be abandoned.

He also noted that the increase in the minimum wage affects the increase in the average wage, which in April amounted to €932, and by the end of the year will reach €1,000.

Mali underlined that the goal is for the average wage to be €1,400 by the end of 2027, which is a big change in the size of our economy, the level of wages, the number of employees, in the perspective that lies ahead of us and our children.

Minister of Labor, Employment, Veteran and Social Affairs Milica Đurđević Stamenkovski stated that this decision was made based on a detailed analysis of the needs of workers, the consumer basket, as well as the commitment of the Serbian government to improve the living standards and social security of all citizens.