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…
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