President Aleksandar Vučić’s June 2026 announcement that he would resign within weeks and that early presidential and parliamentary elections would follow within three to four months has anchored trader expectations for a snap vote well before the December 2027 statutory deadline. Sustained student-led protests since late 2024, triggered by the Novi Sad railway station collapse, have intensified pressure on the Serbian Progressive Party for a fresh mandate. Vučić’s earlier statements narrowing possible dates to autumn 2026, combined with consultations involving coalition partners and Serbia’s recent pattern of pre-term dissolutions in 2022 and 2023, reinforce the view that constitutional mechanisms for dissolving the National Assembly remain readily available. These factors have shaped the strong implied probability favoring an election before 2027.