Serbian average wage: EUR 386

Average net income in Serbia in October was EUR 386, an increase on September of 2.13 percent in real terms or 4.07 percent nominally. According to the Statistical Institute, average net earnings in October were 6.57 percent up in real terms, and 19.47 percent up nominally, on the same time last year. Serbian average wage: EUR 386 The average gross wage in October was EUR 539, 2.12 percent and 4.06 percent up in real and nominal terms, respectively. However, Belgrade daily Blic writes that the average income in Serbia has actually dropped by 50 percent in the last three months. The daily writes that the rise of Euro has led to a rise in retail prices. This year the dinar reached its peak at 75.75 to the Euro, when the average income in Serbia was approximately EUR 420. According to today’s exchange rate, which is RSD 87.60 to the euro, the average income in Serbia is down EUR 50. Neither bankers nor economists want to estimate how long the domestic currency will continue to slide, but they agree that psychology has a certain impact, adding that the citizens will need to tighten their belts in the coming period, until the situation stabilizes.

Serbian average wage: EUR 386

The average gross wage in October was EUR 539, 2.12 percent and 4.06 percent up in real and nominal terms, respectively.

However, Belgrade daily Blic writes that the average income in Serbia has actually dropped by 50 percent in the last three months.

The daily writes that the rise of Euro has led to a rise in retail prices.

This year the dinar reached its peak at 75.75 to the Euro, when the average income in Serbia was approximately EUR 420. According to today’s exchange rate, which is RSD 87.60 to the euro, the average income in Serbia is down EUR 50.

Neither bankers nor economists want to estimate how long the domestic currency will continue to slide, but they agree that psychology has a certain impact, adding that the citizens will need to tighten their belts in the coming period, until the situation stabilizes.