Aleksandar Vučić, serving his second and final five-year presidential term ending May 31, 2027, faces sustained domestic pressure from student-led anti-government protests that began in late 2024 and continued through 2026 over issues including corruption, infrastructure safety, and institutional accountability. These demonstrations have prompted Vučić to form a new political movement and repeatedly signal possible snap parliamentary elections by the end of 2026, which could coincide with an early presidential vote he would be ineligible to contest under constitutional term limits. Traders monitoring the market weigh these protest dynamics, Vučić’s control over the ruling Serbian Progressive Party and state institutions, scheduled diplomatic engagements, and the absence of a clear successor against the legal timeline for the next regular presidential election by May 2027.