Vučić: Elections to be Held Between Late September and Mid-November

President Aleksandar Vučić has signaled a significant political development, announcing that Serbia will hold general elections sometime between late September and mid-November. This announcement sets the stage for a period of political campaigning and potential shifts in the country's leadership, with all eyes now on the upcoming electoral landscape.

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I believe that the US will extend NIS's license, and we are avoiding nationalization.

In parallel, Vučić addressed the complex situation surrounding Naftna Industrija Srbije (NIS), the national oil company. He conveyed confidence that the United States will grant an extension to NIS's operating license, a crucial move given the company's majority ownership by Russian entities, which has placed it under US sanctions. Serbia is actively working to avoid nationalizing NIS, seeking alternative solutions to navigate the geopolitical pressures and ensure the company's continued operation. This delicate balancing act highlights Serbia's efforts to maintain energy security while managing international relations.

Furthermore, Vučić revealed plans for a substantial support package aimed at Serbian pensioners. He assured citizens that this initiative, designed to significantly benefit retirees and bolster their financial standing, will be financed through the country's real revenues. This approach, he emphasized, will not necessitate increased national debt, positioning the measure as fiscally responsible and sustainable.

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For pensioners, we are preparing something that will mean a lot to them. This package of measures will help them a lot, and their pockets will be full in a short period.

The President's statements reflect a multi-pronged strategy, addressing both domestic political timelines and critical economic and energy security concerns. The upcoming elections, the NIS situation, and the promised support for pensioners collectively paint a picture of a government actively managing key national priorities.

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We do not need to borrow for this; borrowing is needed for, for example, some weapons. Many countries in the EU are much more indebted than us. Our debt ratio is even twice as low as theirs.