MALI: Drastic increase of minimum wage not good, investors not comfortable with such shocks

Serbian Finance Minister Sinisa Mali pointed out that drastic increases in minimum wages, a current issue in some countries in the region, were not good, Blic reports.

After a meeting with the IMF delegation, Mali said that companies from those countries were now looking to move their operations to Serbia and added that investors did not like unpredictability and such shocks.

Mali said that salary and pension raises needed to be gradual and that the minimum wage in Serbia had been raised by 8.6% in 2018, whereas the economic growth had been at 4.3%.

Ministarstvo finansija Republike Srbije

Međunarodni monetarni fond-MMF Beograd

Siniša Mali

raising minimum wage in Serbia

salary and pension raises

growth of Serbian economy

investors in Serbia