21 minutes agoWhat does the World Bank report on wages in Kosovo and the region say?
Periskopi(3 years ago)
(3 years ago)While the Albanian government has an ambitious plan for rising wages in the next two years in public administration, other Balkan countries over the past two years, but even this year, have created conditions for a higher and more lasting growth. World Bank, in the regular three-month economic report, [...]
While the Albanian government has an ambitious plan for rising wages in the next two years in public administration, other Balkan countries over the past two years, but even this year, have created conditions for a higher and more lasting growth.
The World Bank, in its regular 3-month economic report, noted that most countries in the Balkans applied public sector wage increases in early 1923.
Serbia, for example, increased wages by 12.5% for civil servants in early 2023.
Montenegro raised net public administration, education and health wages by nearly 20%.
A new public sector wage law was introduced in Kosovo, aimed at increasing the total wage spending by 15%.
Northern Macedonia is working for a new wage law, following continued demands by the Federation of Unions.
Inflation increased the pressures for rising wages since 2022 in all countries in the region.
In Montenegro, the average net monthly salary increased by 18.7% in real terms in 2022.
In Albania, in 2022, nominal wages increased by 10.8% by December 2022 (or 3.4% in real terms), reflecting the increase in the demand for work in the private sector, the monitor reported.
The average salary in Serbia increased by 13.8% in nominal terms and 1.7% in real terms. In 2022, the increase was the most pronounced in the private sector, where the net average salary expanded by 17%, while public sector salaries improved by 7.3%.
In 2922, wages in northern Macedonia increased by 11%. However, two-way inflation led to real wages falling. In Bosnia and Herzegovina, the rise in nominal wages was 14.2%, but in real terms, wages dropped by 0.5% in December.
In the past three years, wages in countries of the region have increased much faster than in Albania, deepening the gap between the income an employee receives in Serbia, northern Macedonia, Montenegro and Bosnia and Herzegovina, compared to an Albanian.
The average gross salary for these countries fluctuates between 800-900 euros per month, up from about 520 euros average in Albania, or on average about 40% higher than in us.
