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MINA News

Average net salary amounts to €1,010 in May

Podgorica, (MINA-BUSINESS) – The average net salary in Montenegro amounted to €1,010 in May, up 0.5 percent on April.

According to the Statistical Office, the average net salary increased by 21.9 percent in May, compared to last year’s corresponding period.

The average gross salary reached €1,200 in May.

“Given that, compared with April, the consumer prices increased by 0.6 percent in May, the real wages in Montenegro decreased by 0.1 percent in this period,” stated a press release issued by Monstat.

In May, average net salaries increased in the field of agriculture, forestry and fisheries, other services, processing industry, accommodation and food services, water supply, wastewater management, waste disposal and similar activities, wholesale and retail trade, maintenance of motor vehicles and motorcycles.

In the same period, average net salaries decreased in the field of art, entertainment and recreation, mining and quarrying, professional, scientific and technical activities, administrative and supporting services, healthcare and social welfare, transport and warehousing, public administration and defence: mandatory social insurance, civil engineering, information and communications, real estate, financial and insurance services, education, electricity and gas supply and air conditioning.