Business - Economy

Serbia: Rise in Poverty Expected

Published: August 25, 2012; 17:03 · (Vindobona)

The economic crisis in Serbia sharpens. Millions of households are not able to repay their debts.

Serbia: Rise in Poverty Expected / Picture: © Flickr

For 1.7 million Serbians, the average monthly salary is below € 360. About 80% of this amount is spent on basic consumption goods. As a result, private indebtedness is on the rise. In the last months, Serbian businesses bang to engage debt collectors in order to collect outstanding demands. About 2 million Serbians are affected.

One of the most pressing issues is the high…

This article includes a total of 149 words.

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Serbia: Rise in Poverty Expected

The economic crisis in Serbia sharpens. Millions of households are not able to repay their debts.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.