Ongoing student-led anticorruption protests, now in their second year, continue to pressure Serbia’s political system and have prompted President Aleksandar Vučić to signal early parliamentary elections before the end of 2026, potentially combined with a presidential vote. Vučić’s second term, which began in 2022, ends in 2027, and constitutional term limits bar a third consecutive run, though he has rejected any constitutional changes to extend his time in office. Recent statements indicate he views his mandate as likely concluding sooner than 2027, with possible simultaneous elections in late 2026 or earlier, while maintaining active control over government decisions including military modernization. Trader assessments of an early exit by mid-2026 reflect uncertainty over whether sustained domestic pressure will force a snap transition before the scheduled term expiration.