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Serbia passes labour, pension laws in reform drive

Kosovo's members of parliament vote during a session at the Parliament in Pristina on July 17, 2014Serbia approved laws reducing job protection and raising the retirement age for women on Friday in the first steps of deep reforms to revive the seriously flawed economy, and fight high unemployment. Serbia, which is heading for a public debt of 70 percent of gross domestic product this year, began negotiations in January to join the European Union. The labour and pension reforms are intended to increase flexibility in the labour market. Serbian Prime Minister Aleksandar Vucic has argued that the laws are vital since Serbia has “more pensioners than those employed, and of those, more than 50 percent work in the public sector.”

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