President Aleksandar Vučić highlighted two significant economic developments in Serbia. First, on August 15, discussions will begin between the Serbian government, trade unions and employers to address the issue of the minimum wage. While fewer workers today earn the minimum wage—approximately 99,000 people—it remains a critical issue as these individuals face significant financial challenges, often needing multiple jobs to make ends meet. Vučić expressed optimism that the talks would lead to positive outcomes for these workers.
Secondly, Vučić pointed out the substantial increase in foreign direct investment (FDI) in Serbia. By the end of July 2024, FDI in Serbia is expected to reach 2.8 billion euros, marking a 16 percent increase compared to the record 4.5 billion euros in 2023. This influx of investment is a key driver of economic growth, employment, and overall progress in Serbia.
Vučić also noted the significant improvement in Serbia’s GDP per capita, which has risen from 4,677 euros in 2012 to an expected 11,527 euros in 2024, reflecting the country’s ongoing economic development.
