President Vučić resigned on 27 Sep 2026, and in the 25 Oct 2026 election the Student List won about 140 of 250 seats, an outright majority and the first change of power in 14 years. New MPs took up mandates on 6 Nov 2026 and a presidential election must be held by 27 Dec 2026.
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Government · leader
Prime Minister Đuro Macut (cabinet since April 2025, in office until a new government is formed) / Acting President Ana Brnabić, Speaker of Parliament (since 28 Sep 2026)
Key national agenda
- Forming a Student List-led technocratic government and naming a PM
- Full investigation of the Novi Sad canopy collapse; anti-corruption and rule of law
- Reviving EU accession talks and aligning with rule-of-law standards (non-recognition of Kosovo maintained)
- Preparing EXPO 2027 Belgrade (15 May-15 Aug 2027) and related infrastructure
- Executing RSD 740bn (6.7% of GDP) capital investment in the 2026 budget
Government programmes
2026 national budgetRSD 740bn capital investment
RSD 740bn capital investment (6.7% of GDP), 5.1% public wage rise, 30 education facilities, water networks in 28 municipalities, EXPO infrastructure
EXPO 2027 Belgrade and related infrastructureAbout EUR 17.8bn (planned, estimate)
Specialised Expo 15 May-15 Aug 2027 with 120+ countries confirmed; the government announced about EUR 17.8bn of planned investment including infrastructure (government estimate, not spending to date)
1 GW solar + storage strategic partnership (Hyundai Engineering, UGT Renewables)K-SURE financing EUR 900m
About 1.2 GWp PV and 200 MW/up to 400 MWh batteries, 1.5 TWh a year; government deal Oct 2024, grid contracts May 2025, plants to be handed to EPS. K-SURE provides EUR 900m export finance (reported June 2026)
Air Quality Improvement Project (EBRD)Not disclosed
PIU support and works supervision consultant procurement posted May 2026 (EBRD project 55263)
Korea-Serbia CEPA negotiations
First round held Dec 2025 (ambassador's op-ed, single source)
Business opportunities
EXPO 2027 exhibition, digital experience content and operations
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Solar/storage EPC partnering and equipment supply
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Open this week
Public-sector anti-corruption and e-government transparency tools
The new government has made anti-corruption and rule of law its top priority (estimate: concrete projects depend on government formation).
New justice and administration ministries
Supervision and consulting on EBRD/EU environmental projects
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ODA · EDCF projects
- 2025/26 Serbia KSP (Knowledge Sharing Program) · Other · Completed · Not disclosed
Korean wins
- Hyundai Engineering (with UGT Renewables) — Strategic partner for 1 GW solar plants in Serbia 2024 · About KRW 2 trillion (reported)
- Sigong Tech — Korea Pavilion contract for EXPO 2027 Belgrade 2026 · About KRW 8.8bn
Korean support schemes
- KOTRA EXPO 2027 Korea Pavilion · KOTRA — KOTRA contracted the Korea Pavilion for EXPO 2027 Belgrade and hired a local pavilion coordinator.
- KSP policy advice · KDI (Korea KSP) — The 2025/26 Serbia KSP is complete and can serve as a channel for follow-up cooperation.
- Export finance and insurance · K-SURE — K-SURE has provided EUR 900m of export finance for a Serbian solar project.
Official notices
Government of the Republic of Serbia
- 2026-11-06 New MPs' mandates confirmed; statement on forming new institutions
- 2026-11-06 2027 action plan for the education development strategy adopted
- 2026-11-05 Republic Electoral Commission announced final election results
- 2026-11-07 Talks on expanding economic cooperation with Kazakhstan
Disaster · conflict · epidemic
Stable 2026-11-07
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Earth & space
Credit rating · FX
S&P BBB- / Moody's Ba2 / Fitch BB+ · K-SURE Unverified · RSD
Sanctions
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No country-level UN, US, EU, UK or Korean sanctions programme was found.
