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CEE: SERBIA-PM Vucevic To Resign Amid Mass Anti-Gov't Protests

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Serbia's Tanjug News agency reports that PM Miloš Vucevic will resign today. Vucevic will hold a press conference at 1100CET (0500ET, 1000GMT) amid long-running protests aimed at ousting Presider Aleksandar Vucic. The protests began in earnest following the collapse of the roof of a train station in the northern city of Novi Sad in November 2024, killing 15. The protests, largely organised by students and other young people, allege neglect and corruption in the construction of the station. This has broadened out into a general anti-gov't movement, demanding the removal of Vucic who has served as president since 2017, and as PM between 2014 and 2017. 

  • Vucic, co-founder of the governing populist Serbian Progressive Party, has had Serbia seek to maintain its historic alliance with Russia while also offering some signs to Brussels that it wants to pursue closer relations with the EU.
  • Bloomberg reported late on 27 Jan that Vucic had called for the dismissal of half the cabinet in an attempt to placate protesters. This morning it seems the PM's office has been added to the offering.
  • Serbia's position outside the EU, its close relations with the Kremlin, and illiquid financial markets usually mean little market focus on the country. However, the prospect of sustained anti-gov't protests, combined with escalating tensions with neighbouring Kosovocould see political risks come to the fore in the western Balkans in 2025. 
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Serbia's Tanjug News agency reports that PM Miloš Vucevic will resign today. Vucevic will hold a press conference at 1100CET (0500ET, 1000GMT) amid long-running protests aimed at ousting Presider Aleksandar Vucic. The protests began in earnest following the collapse of the roof of a train station in the northern city of Novi Sad in November 2024, killing 15. The protests, largely organised by students and other young people, allege neglect and corruption in the construction of the station. This has broadened out into a general anti-gov't movement, demanding the removal of Vucic who has served as president since 2017, and as PM between 2014 and 2017. 

  • Vucic, co-founder of the governing populist Serbian Progressive Party, has had Serbia seek to maintain its historic alliance with Russia while also offering some signs to Brussels that it wants to pursue closer relations with the EU.
  • Bloomberg reported late on 27 Jan that Vucic had called for the dismissal of half the cabinet in an attempt to placate protesters. This morning it seems the PM's office has been added to the offering.
  • Serbia's position outside the EU, its close relations with the Kremlin, and illiquid financial markets usually mean little market focus on the country. However, the prospect of sustained anti-gov't protests, combined with escalating tensions with neighbouring Kosovocould see political risks come to the fore in the western Balkans in 2025.