National Minimum Wage Increase For 2023

• Published date: 21 September 2022
• Subject Matter: Employment and HR, Employee Benefits & Compensation
• Law Firm: Envoy Global, Inc.
• Author: Mr Jessie Butchley

Key Points

• The government of Serbia will increase the country's national minimum wage by 14.3 % effective 1 January 2023?

Overview

The government of Serbia will increase the country's national minimum wage by 14.3% beginning 1 January 2023. As such, the minimum wage will be raised from RSD 201.22 per hour to RSD 230 per hour. The average monthly minimum wage for 2023 will be RSD 40,020.

What are the Changes?

The government of Serbia announced that it will increase its minimum wage to RSD 230 per hour effective 1 January 2023. According to the government this change will ensure that the country's minimum wage grows more than inflation and serves to...