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What are the key issues in Serbia’s election – and its potential consequences?

What are the key issues in Serbia’s election – and its potential consequences?

The Guardian
Oct 22, 2026, 12:17 PMBusiness
Oryginał
2 min read

Serbia's 6.5 million voters go to the polls on October 25 in a watershed parliamentary election characterized by civil unrest and an uncertain outcome.

The election has been framed by two significant events: the collapse of Novi Sad railway station canopy in November 2024, which killed 16 people and uncovered massive corruption, and the controversial military funeral for Ratko Mladić, the "Butcher of Bosnia" convicted of Europe's worst massacre since WWII. Amid international outrage but intense nationalist pride, President Aleksandar Vučić resigned to lead his ruling Serbian Progressive party (SNS) list in a bid to become prime minister.

Key political players

Vučić's SNS anchors the "United Serbia" list, relying on control of public resources, favorable media coverage, and nationalist backing. However, their campaign has been overshadowed by accusations of systemic voter manipulation. In contrast, the Student List has emerged as a serious challenger, evolving from protest movements after the Novi Sad disaster.

The Student List eschews party hierarchies or a single figurehead, preferring locally respected academics and professionals, and operates through university networks.

The Guardian

Election concerns

Serbia's traditional opposition parties have been largely marginalized, with their collective support falling from 30% to 10-15%. Meanwhile, Serbia's rightwing nationalist bloc has been weakened by the withdrawal of the We the Power of the People party over allegations of Russian influence. Significant concerns about electoral integrity include allegations of state violence against opposition activists and manipulation of voter registration lists.

Possible outcomes

Conflicting polls suggest various scenarios: SNS could win convincingly, score a narrow contested victory, fail to secure a majority, or face a contested Student List victory. Polling stations open at 7am local time and close at 8pm, with early projections expected around 9pm. The European Council on Foreign Relations has outlined five main possible scenarios, ranging from clear victories to inconclusive results requiring kingmakers or re-runs.

Potential consequences

Within Serbia, the fallout depends on whether voters accept the result as legitimate. A disputed outcome could lead to civil unrest and institutional paralysis. Even if the Student List wins peacefully, reforming 14 years of centralized SNS control presents major hurdles. Internationally, the election affects EU relations, with an irregular Vučić victory potentially freezing integration funds, while a Student win would require immediate financial aid and a clear path to accession.

The Trump administration has launched a "strategic dialogue" with Belgrade on energy and technology. An SNS-led government would maintain Serbia's geopolitical balancing act, while a Student administration could shift the country more decisively into the European fold.

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