ADVERTISEMENT

Serbia to pay 60% of bottom wage to MSME employees

World

Photo by Robert Petrovic / Shutterstock.com

Serbiaʼs government plans to pay 60% of a monthʼs minimum salary to employees at micro, small and medium-sized enterprises (MSMEs) today to support economic recovery after the COVID-19 crisis, Finance Minister Siniša Mali has said, according to a report by SeeNews.

Photo by Robert Petrovic / Shutterstock.com

The government has set aside RSD 18.4 billion (EUR 156 million) from the state budget to pay about RSD 18,000 per employee to 1,016,535 employees at 235,372 MSMEs across Serbia, Mali said in a statement.

In May, the government started the payment of three minimum monthly salaries to employees at MSMEs.

The government has also deferred the payment of taxes and social contributions worth RSD 29.5 billion combined, which will be paid in 24 instalments as of 2021.

Poland Inflation Unrevised in June Figures

Poland Inflation Unrevised in June

Hungary Chairs 1st Ecofin Meeting of EU Presidency EU

Hungary Chairs 1st Ecofin Meeting of EU Presidency

50% of Ransomware Victims Saved by Backups Innovation

50% of Ransomware Victims Saved by Backups

Hungary Could Boost Guest Nights to 50 mln by 2030 Tourism

Hungary Could Boost Guest Nights to 50 mln by 2030

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.