Serbia to raise excise on cigarettes as of Oct 1

by Cristian Florescu

Serbia’s government plans to increase the minimum monthly wage in the country by 17.8% to 47,154 dinars ($435/402 euro) as of January 1, 2024, finance minister Sinisa Mali said on Monday.

In an interview with public television RTS, Mali expressed our proposal to implement the most substantial percentage increment ever recorded for the minimum wage, aiming to elevate it beyond 400 euros.

Previously, the government implemented a raise in the minimum hourly net wage from 201.2 dinars to 230 dinars, effective as of January 1, 2023.

According to the most recent data released by the National Statistical Office, Serbia’s consumer price inflation experienced a deceleration to 12.5% on a year-on-year basis in July, following a decrease to 13.7% in the previous month.

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