intellinews.com 
<https://www.intellinews.com/a-year-after-the-novi-sad-disaster-belgrade-faces-one-crisis-after-another-408047/>
  


A year after the Novi Sad disaster, Belgrade faces one crisis after another


/ Facebook/Aleksandar Vucic

6–7 minutes

  _____  

A year after the Novi Sad train station collapse triggered nationwide protests 
<https://www.intellinews.com/mass-protest-in-serbia-s-novi-sad-overc-deadly-cstation-canopy-collapse-turns-violent-351758/>
 , Serbia’s government is grappling with a convergence of crises — political, 
economic and diplomatic — which threaten to erode President Aleksandar Vucic’s 
once-dominant position.

The protests that began as an outpouring of grief and outrage in response to 
the deadly infrastructure failure in Novi Sad have evolved into a broader 
reckoning 
<https://www.intellinews.com/serbian-protesters-mark-vidovdan-with-calls-to-end-president-s-12-year-rule-388358/?source=serbia>
  with a system many Serbians view as brittle and exhausted.

“Serbia is exploding under our asses,” media executive Stan Miller joked in an 
embarrassing phone call leaked in August, 
<https://www.krik.rs/razgovor-lucica-i-milera-predsednik-je-trazio-da-se-brzo-zameni-aleksandra-subotic/>
  as he discussed plans with state telecom boss Vladimir Lucic to undermine 
independent media. The offhand remark now captures a country under strain on 
all fronts.

The political temperature rose this week after a shooting and arson attack 
<https://www.intellinews.com/serbian-president-calls-fire-shooting-outside-parliament-a-terrorist-attack-407574/?source=serbia>
  outside the Serbian parliament. A 70-year-old former security official opened 
fire on a camp of pro-government supporters before setting one of the tents 
ablaze. Vucic condemned the incident as a “terrorist act,” blaming opposition 
<https://www.intellinews.com/serbian-president-blames-opposition-for-terrorist-attack-outside-parliament-407779/?source=serbia>
  groups for fomenting hatred.

The attack came just over a week before the November 1 anniversary of the Novi 
Sad disaster, when the collapse of a train station canopy killed 16 people and 
sparked months of student-led demonstrations, university sit-ins, marches and 
strikes. Organisers of the anniversary protest, set to take place in Novi Sad, 
describe it as a “culmination of resistance and remembrance”.

The ruling Serbian Progressive Party (SNS), in power since 2012, has faced its 
most serious and persistent challenge in over a decade. For many younger 
Serbians, the movement has evolved beyond the initial demands for 
accountability, becoming a rallying point for grievances over corruption and 
the rule of law.

Belgrade is now also feeling the squeeze abroad. The European Parliament this 
week passed a harshly-worded resolution 
<https://www.intellinews.com/serbian-president-accuses-eu-of-backing-colour-revolution-after-european-parliament-adopts-harsh-new-resolution-407583/?source=serbia>
  against the government in Serbia, citing democratic backsliding and alleged 
human rights abuses. The resolution urges Brussels to consider targeted 
sanctions unless Serbia aligns with EU foreign policy, especially regarding 
Russia, and called for early elections and independent oversight of police 
accused of using excessive force 
<https://pro.intellinews.com/serbian-police-crack-down-on-student-protests-389054/?source=serbia>
  against demonstrators.

Compounding the political turmoil is a looming energy crisis. Moscow’s decision 
in mid-October to offer only a short-term extension to Serbia’s gas supply 
contract dashed hopes for a three-year deal. The move followed the imposition 
of US sanctions on NIS 
<https://www.intellinews.com/us-sanctions-on-serbian-oil-company-nis-take-effect-405546/?source=serbia>
 , Serbia’s Gazprom-owned oil firm, and signals Russia’s intent to retain 
leverage over Belgrade amid ongoing talks on restructuring the company.

Serbia depends on Russia for roughly 90% of its gas imports, most of which 
transit EU territory via Bulgaria and Hungary. With the EU planning to ban 
Russian gas 
<https://www.intellinews.com/eu-decision-to-ban-russian-gas-transit-raises-alarm-in-serbia-407421/?source=serbia>
  transit to third countries, Belgrade faces mounting energy risks. Finance 
Minister Sinisa Mali called the EU decision “catastrophic” and warned that 
supply disruptions could occur if neighbouring EU states (namely, Bulgaria) cut 
off gas flows.

Economic indicators are also weakening. The International Monetary Fund this 
month slashed Serbia’s 2025 growth forecast 
<https://pro.intellinews.com/imf-cuts-serbia-s-2025-growth-forecast-to-2-4-406282/?source=serbia>
  to 2.4% from 3.5%, the sharpest downgrade in the Western Balkans. Inflation 
has remained stubbornly high all year, construction activity has stalled and 
foreign direct investment plunged 
<https://pro.intellinews.com/fdi-into-serbia-halves-in-first-eight-months-of-2025-407623/?source=serbia>
  by more than half in the first eight months of the year, according to 
official statistics.

The government’s September decision to impose price caps on essential goods 
<https://pro.intellinews.com/serbia-caps-retail-margins-cuts-loan-rates-to-fight-inflation-397779/?source=serbia>
  has done little to ease inflationary pressures and may have worsened business 
sentiment. Retailers report margin losses and supply disruptions, warning of 
possible store closures 
<https://pro.intellinews.com/retail-chains-under-pressure-in-serbia-as-margin-caps-trigger-store-closures-407782/?source=serbia>
  and job cuts.

Investor sentiment, already fragile, has been undermined by perceptions of 
corruption and poor governance following the Novi Sad disaster. The combination 
of slowing growth, regulatory unpredictability and political unrest could 
discourage investment at a time when Serbia needs foreign capital to cushion 
against energy and fiscal shocks.

For years, the government has navigated a delicate balance between East and 
West — cultivating ties with Moscow and Beijing while maintaining EU accession 
as its official goal. But that balancing act seems increasingly precarious as 
Serbia’s domestic fragility collides with external pressure from both 
directions.

The convergence of political, economic and diplomatic challenges leaves 
Belgrade following a narrowing path. The Novi Sad anniversary will test whether 
the government’s authority has been further diminished by recent crises, and 
whether the protest movement retains the momentum to shape Serbia’s political 
trajectory over the longer term.

 

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