Ongoing student-led anti-corruption protests, sparked by the November 2024 railway station collapse that killed 16, persist into their second year, fueling demands for President Aleksandar Vučić's accountability amid allegations of government negligence and media suppression. Recent escalations include journalist blockades outside Vučić's Belgrade office on April 1, 2026, protesting attacks on press freedom, and student-police clashes at the University of Belgrade on March 31. Ruling Serbian Progressive Party (SNS) secured narrow victories in recent local elections, hinting at opposition momentum, while Vučić has floated early parliamentary and presidential elections possibly by December 2026. Despite domestic pressure, no resignation signals have emerged, with Vučić maintaining control through loyalists and rejecting term extensions. Traders weigh protest intensity against his historical resilience in snap election scenarios.