Wages decreased by EUR 100 since 2008
Since 2008, the average Serbian wage has decreased by EUR 100 and pensions have decreased by about EUR 30.
Sunday, 04.07.2010.
16:44
Since 2008, the average Serbian wage has decreased by EUR 100 and pensions have decreased by about EUR 30. However, rent for apartments has increased by about EUR 50 for a 40 square meter apartment in Belgrade, and those who took out loans are paying about EUR 30 more in order to pay their monthly installments of about EUR 100. Wages decreased by EUR 100 since 2008 Because of the freezing of wages and the drop in the value of the domestic currency, since 2008, the average wage has fallen from EUR 419 to EUR 323. “The stats on the wages in these categories do not say a lot about the work of the government, because pensions and wages are the result of the trends in the exchange rate. But the exchange rate says a lot about the government, which has continued the poor economic policies of the last government,” economist and advisor for the Pionir company, Stevan Santo, said. “The essence of these policies is to have the rate formed freely, based on the supply and demand on the foreign currency market. That is a good stance while there is an income of foreign currency from economic activity like exports of products and services,” Santo said. “Our exports are less competitive and imports are cheaper, and the result of this is an increase in the attractiveness of taking loans out from abroad. The decrease in wages and pensions result from this, and the government has done nothing to stop this in the last two years,” Santo said.
Wages decreased by EUR 100 since 2008
Because of the freezing of wages and the drop in the value of the domestic currency, since 2008, the average wage has fallen from EUR 419 to EUR 323.“The stats on the wages in these categories do not say a lot about the work of the government, because pensions and wages are the result of the trends in the exchange rate. But the exchange rate says a lot about the government, which has continued the poor economic policies of the last government,” economist and advisor for the Pionir company, Stevan Santo, said.
“The essence of these policies is to have the rate formed freely, based on the supply and demand on the foreign currency market. That is a good stance while there is an income of foreign currency from economic activity like exports of products and services,” Santo said.
“Our exports are less competitive and imports are cheaper, and the result of this is an increase in the attractiveness of taking loans out from abroad. The decrease in wages and pensions result from this, and the government has done nothing to stop this in the last two years,” Santo said.
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