Sustained student-led protests in Serbia since late 2024, triggered by the Novi Sad railway station collapse, continue to pressure President Aleksandar Vučić for snap elections and accountability, with fresh marches in Belgrade on May 10, 2026, explicitly calling for his resignation. Vučić has signaled possible early parliamentary elections later in 2026, potentially combined with presidential polls, while noting he plans to step down from party leadership and cannot seek a third consecutive term due to constitutional limits. His Serbian Progressive Party maintains a parliamentary majority, enabling institutional control amid opposition disarray and protest fatigue. Traders price a low probability of his departure by mid-2026, reflecting the absence of immediate triggers like a no-confidence vote or negotiated exit, though scheduled electoral developments later in the year remain potential catalysts.