Serbia's leader concedes defeat after 12 years in power

Serbian President Aleksandar Vucic has conceded defeat in a snap election, marking an unprecedented decline for the long-standing leader. The Student List, a grassroots protest movement, secured over 2 million votes in the Balkan nation of 6.5 million, giving them a simple majority in the 250-seat parliament. Vucic's 12-year rule, characterized by a delicate balance between Russia, China, and the US administration, came to an end after a deadly construction disaster sparked widespread protests.

The Student List, lacking a single leader or extensive government experience, vowed to fight corruption, reverse democratic backsliding, and improve media diversity. The opposition, which gained momentum for the first time in 18 years, aims to focus on these issues while potentially reviewing deals and policies implemented under Vucic's leadership.

Political analysts predict an extensive review of the ruling elite's actions and the potential initiation of investigations. EU Commission President Ursula von der Leyen welcomed the change of power, indicating the bloc's readiness to support reforms in Serbia. However, the Student List faces significant challenges as they attempt to organize the transfer of power, given their lack of political or government experience.