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Serbia: New Minimum Labour Price

Serbia: New Minimum Labour Price

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Government adopts new minimum labour price of RSD 32,126.

At the session held on 15 September 2020, the Government of the Republic of Serbia adopted the Decision on the Amount of the Minimum Labour Price for the period January 2021 – December 2021, which determined the amount of RSD 183.93 (net) per working hour regardless of the month for which the payment is made. The said amount equals RSD 32,126 per month.

Social and Economic Council of the Republic of Serbia decided on its session to increase the minimum price of labour for 6.6%, comparing to 2020.

Note*

The current minimum labour price of RSD 172.54 per hour is valid for all payments that will be made until 31 December 2020.

By Jelena Nikolic, Partner, and Andrea Cvetanovic, Senior Associate, JPM Jankovic Popovic Mitic

Serbia Knowledge Partner

SOG in cooperation with Kinstellar is a full-service business law firm in Serbia that provides foreign and domestic clients with premium-quality legal advice and assistance across a wide range of key areas of corporate law. The firm was founded in 2015 by a group of seasoned, internationally-trained lawyers. SOG has developed a distinctively dynamic culture, bringing together top talent, fostering entrepreneurship, and maintaining exceptional relationships with its clients.

SOG has achieved consistent growth in the volume of its business, accompanied by an exponential increase in the number of hired associate lawyers and the firm’s network of business contacts. SOG has a robust client base of multinationals, investment and private equity firms, and financial institutions. Clients praise SOG for being commercially minded, very responsive and knowledgeable.

Establishing permanent cooperation with Kinstellar is part of realising SOG's long-term development strategy to be the leading provider of legal services in the Western Balkans market.

Firm's website: https://www.kinstellar.com/

 

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