Serbia expects a growth rate of between 12% and 15% in the second quarter

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The Minister of Finance in the Government of the Republic of Serbia, Sinisa Mali, pointed out today that with the third package of economic assistance, the state managed to save jobs and the economy, which is evidenced by the results regarding the growth rate.

He also reminded that the implementation of the third package of assistance to citizens and the economy to mitigate the consequences of the corona virus pandemic is underway. The Minister said that next Wednesday, July 28, the fourth installment will be paid to auto carriers, who receive 600 euros per bus, and that on August 6, assistance will be paid for persons who independently perform other cultural activities, 777 of them.

“Then, on August 16, the payment of another full minimum for employees in catering and tourism will follow, as a form of sectoral assistance. In September, 50 euros will be paid for our oldest fellow citizens, and in November, the remaining 30 euros for all citizens of Serbia,” Mali explained.

The Minister mentioned that a total of around 2.2 billion euros was set aside for the third aid package.

“Every promise we made, we fulfilled in a day and in dinars. We paid three times half of the minimum wage, for employees in the private sector, and it is about one million and 200 thousand workers who received that help. For the first time, we paid 60 euros for the unemployed, ie those who were on the records of the National Employment Service. The state paid 30 euros for 5.7 million citizens, as well as 25 euros for those who were vaccinated,” said Mali.

He also referred to the announced increase in the minimum price of labor, from the current 270 euros to 300 euros, and said that a dialogue with the unions of employees, employers and the Government of the Republic of Serbia would be organized in the coming days.

“I will remind you that at the beginning of the year, we had an increase in the minimum labor price by 6.6 percent, and at the same time an increase in pensions and salaries in the public sector. Every year, as our economy grows, and that is the determination of our President Aleksandar Vucic, the citizens benefit the most. When it comes to the minimum price of labor, for the first time we go for 300 euros. It is now 270 euros, and we want to go with an increase of not less than 9 percent, to 300 euros,” he stated.

He explained that the minimum price of labor encourages the growth of the average salary in our country, which was around 560 euros in April.

“A few years ago, we started with an average salary of 329 euros. From year to year, the average salary is growing, people’s salaries are growing, and that is exactly the basis of our policy,” said Mali.

The Minister of Finance concluded that Serbia is moving forward unstoppably, that the economy has not fallen on great challenges, such as the corona, and that salaries and pensions have never been higher, behind which there is a firm commitment to improving the living standards of citizens, RTV reports.