President Aleksandar Vučić’s June 2026 announcement that he would resign within weeks and trigger early presidential and parliamentary elections has anchored trader expectations for a snap vote before the statutory December 2027 deadline. Ongoing student-led protests since late 2025, combined with a failed no-confidence motion in August 2026 that removed a procedural hurdle, have intensified pressure on the ruling coalition to dissolve the National Assembly. Serbia’s constitution permits dissolution followed by polls within 45–60 days, a mechanism used repeatedly in prior cycles. While some forecasts still point to late 2027, Vučić’s repeated signals of an autumn 2026 timeline and the pattern of pre-term elections sustain the 78.5% implied probability for a call before 2027.