Serbian President Wins Second Term, Ruling Party to Form Coalition
Key Takeaways from the Serbian General Election and Its Implications for Foreign Businesses
April 7, 2022
As widely expected, Serbia’s incumbent President Aleksandar Vučić has comfortably won the country’s Presidential elections, held on Sunday, securing his second term as head of state. While the President received enough votes to avoid a run-off, his ruling coalition (led by the Serbian Progressive Party - SNS) fell short of an absolute majority in the country’s unicameral parliament, securing 120 of the total 250 seats.
However, both the Socialist Party of Serbia (SPS) and the ethnic Hungarian VMSZ – two key SNS allies – secured enough seats on their own to ensure a parliamentary majority for the President’s ruling bloc.
The Serbian general election was heavily overshadowed by Russia’s ongoing invasion of Ukraine, which will also shape the priorities of the next government. Serbia hopes simultaneously to enhance its EU membership bid and maintain close relations to Moscow, as well as to counter the economic impact of the war.
With President Vučić continuing as head of state and his ruling party set to lead the country’s next government, Aretera provides further insight into the aftermath of the Serbian general election, as well as the political, economic and business implications of the post-election landscape.