Sustained student-led protests and opposition demands for early elections have intensified pressure on Serbian President Aleksandar Vučić since late 2024, yet he has retained office through his second and final five-year term, which ends in May 2027. Recent local elections in March 2026 showed his Serbian Progressive Party securing victories with narrower margins amid reported irregularities, while Vučić has signaled snap parliamentary elections possibly in summer or late 2026 without indicating any intent to resign early. Constitutional term limits prevent a consecutive third run, but trader consensus reflects limited near-term risk of his departure before June 30, 2026, given his institutional control and the absence of decisive triggers such as a no-confidence vote or negotiated exit. Upcoming announcements on election timing could shape longer-term scenarios, though they are unlikely to force an immediate presidential transition.