January 26 (SeeNews) - The government of Bosnia's Serb Republic decided to raise the minimum monthly wage to 700 marka ($389.7/357.9 euro) from 650 marka, it said on Thursday.
The decision will take effect as of January 1, the Serb Republic's government said in a statement.
Earlier in January, the government of Bosnia's Federation increased the minimum net wage in the entity by 9.85% to 596 marka as of the beginning of 2023.
The Serb Republic government raised the minimum monthly wage to 650 marka from 590 marka in June 2022.
The Serb Republic and the Federation are two autonomous entities that form Bosnia and Herzegovina.
(1 euro = 1.95583 marka)