Serbia announces wage and pension increases amid economic growth

Serbian President Aleksandar Vučić has announced several measures to improve living standards, including a 7.5 percent increase in pensions starting in December and an 8 percent increase in public sector wages. He stated that the average salary is expected to reach 1,200 euros by December.

Furthermore, Vučić announced that the minimum net wage will rise to 600 euros (approximately 71,000 dinars) effective January 1, 2027. This measure is intended to protect vulnerable workers, particularly in less developed regions of the country.

Regarding the national economy, officials highlighted Serbia's strong performance, noting a GDP growth rate of 3.5 to 3.8 percent in the first half of the year, which they described as leading in Europe. Finance Minister Siniša Mali noted that Serbia is the only country in the Western Balkans with an investment credit rating. Despite global economic uncertainties caused by conflicts in Ukraine and the Middle East, the government aims to maintain growth and attract foreign direct investment, which reached 5.2 billion euros in 2024.