Serbia opens talks on 2027 minimum wage; Finance Ministry proposes €50 increase
Ministry of Finance proposes a 9.2% rise that would lift the monthly floor to about €600 and raise the hourly rate to 405 dinars.
Negotiations have opened in Serbia over the level of the minimum wage for 2027 after the country's Ministry of Finance tabled its first proposal, calling for a substantial increase for low‑paid workers.
At the opening meeting representatives of the Government, employers and trade unions discussed a proposal that would raise the statutory minimum from January 1, 2027 by 9.2 percent.
How the numbers change
If approved, the proposal would increase the monthly minimum wage from the current roughly €550 to about €600. The Ministry's plan also changes the hourly floor: the minimum hourly rate would rise from 371 dinars to 405 dinars.
Under that calculation, the monthly minimum would reach approximately 70,470 dinars.
Alongside the pay rise, the Ministry of Finance presented a set of additional measures intended to help employers absorb the higher labour costs, though details of those measures were not specified at the meeting summary.
Negotiations will continue as the social partners evaluate the fiscal and business impact of the proposal ahead of any final decision that would take effect from January 1, 2027.
Photo: press material from the event
