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[BUSINESS] · Serbia · 22 sources

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Serbia announces pension increases and new economic support measures

The Serbian government has announced a series of economic measures aimed at improving living standards. Starting December 1, pensions will increase by 7.5 percent, with the average pension expected to rise to approximately 520 euros. Additionally, public sector salaries are scheduled to increase by 8 percent, while social protection workers will see a 12 percent raise.

As part of a 980.6 million euro support package, the state is initiating one-time payments. Pensioners, social assistance recipients, and combatants will receive between 20,000 and 35,000 dinars automatically. Furthermore, citizens can apply for a one-time 6,000 dinar assistance until September 21.

Long-term economic goals include raising the average salary to 1,200 euros by December and reaching 1,400 euros by the end of 2027. The minimum wage is also set to exceed 600 euros in January, with a target of 650 euros by 2027. In infrastructure, President Aleksandar Vučić highlighted the 1.3 billion euro Vožd Karađorđe expressway project, noting that 60 kilometers of new roads and expressways are expected to open by the end of the year.

Entities

Aleksandar Vučić · BELTALKS · European Union · Expo 2027 · Fitch Ratings · IMF · National Bank of Serbia · Serbia · Siniša Mali · Standard & Poor’s · Vožd Karađorđe · Vožd Karađorđe Expressway

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