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Bosnia's Serb Republic raises minimum wage by 6.8%

Bosnia's Serb Republic raises minimum wage by 6.8% Bragin Alexey/Shutterstock.com

SARAJEVO (Bosnia and Herzegovina), December 15 (SeeNews) – The minimum wage in Bosnia's Serb Republic will increase by 6.8% to 395 marka ($212.2/202 euro) in 2017, the entity's government said.

This is the first hike of the minimum wage since 2010 when it was set at 370 marka, the government said in a statement earlier this week.

The government also determined the entity's 2017 budget , setting revenues at 2.6 billion marka and expenditures at 2.4 billion marka.

The Serb Republic is one of two entities that make up Bosnia and Herzegovina. The Federation is the other.

(1 euro= 1.95583 marka)

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