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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

JPM Partners at a Glance

We are a full service commercial law firm in Serbia, with over 30 years of successful practice in SEE region and true and lasting partnerships with our clients.

Our diverse teams of lawyers are focused on practice in specific legal areas, handling some of the most high-profile multijurisdictional matters in energy, project development, mining, foreign investments, corporate and commercial. We are highly sought-after for legal advice in creative industries, environmental law and white-collar crime, as well as intellectual property, international arbitration, labor and data protection

As an exclusive member of Lex Mundi – the world’s premiere network of leading independent law firms, we interconnect and reach globally. Regionally, we advise clients in Montenegro directly, through well established partnership with ‘JPM Montenegro Partner Vukmirovic Misic law firm’ and close working relationships with selected first-rate firms in the region. Working together with our domestic and international clients on their most significant transactions and around entry to Serbian market, allows us to operate as the perfect hub for SEE and other cross-border transactions.

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