Public companies "secretly increasing salaries"

Public companies is Serbia have been "secretly increasing" salaries, despite the government's public commitment to austerity measures, writes a Belgrade daily.

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Wednesday, 13.07.2011.

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Public companies is Serbia have been "secretly increasing" salaries, despite the government's public commitment to austerity measures, writes a Belgrade daily. Despite the economic crisis and promised austerity measures to counter its effects, the government gave many public companies the permission to increase salaries, as well as hire new employees in 2011, Vecernje Novosti writes on Wednesday. Public companies "secretly increasing salaries" Seven big public companies, in accordance with business plans for this year approved by the government, have significantly increased salary funds, according to this. They include power company EPS, power grid company EMS, natural gas enterprise Srbijagas, oil company Transnafta, postal service PTT, Serbian Railways and the forestry management company, Srbijasume. They plann to spend RSD 6,2bn more on salaries this year compared to 2010, the newspaper claims. “In all of these companies, the average salary will increase by around 10,000 dinars," the article notes. Average salaries in Serbia are worth some RSD 35,000. But those employed in public companies already earn more on average, said the daily, and put the number at "between RSD 50,000 and 130,000 per month".

Public companies "secretly increasing salaries"

Seven big public companies, in accordance with business plans for this year approved by the government, have significantly increased salary funds, according to this.

They include power company EPS, power grid company EMS, natural gas enterprise Srbijagas, oil company Transnafta, postal service PTT, Serbian Railways and the forestry management company, Srbijašume.

They plann to spend RSD 6,2bn more on salaries this year compared to 2010, the newspaper claims.

“In all of these companies, the average salary will increase by around 10,000 dinars," the article notes. Average salaries in Serbia are worth some RSD 35,000.

But those employed in public companies already earn more on average, said the daily, and put the number at "between RSD 50,000 and 130,000 per month".

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