Serbia crisis: Prime Minister resigned following a huge protest

Serbia Prime Minister, Milos Wochvich On Tuesday, he announced his resignation following an unprecedented wave of protests in the country, after a roof collapses at a train station, which charged the lives of 15 people.

At a press conference, Wachbitz said he was resigning “to avoid further complications” and “not to increase the voltage in the” Serbian. The protest, which was led by students and was massive, continues to threaten President Alexander Wachic’s rule. The president of Serbia, Wachic, is known to have for nearly 11 years concentrated the power of government in the country, managing a gentle acting between loyalty and Putin and the other Western countries.

A huge protest that shakes the country

The deadly disaster, which took place on November 1, in the city of Novi Sad, the second largest in Serbia, became the symbol of the fight against government corruption and the shaky infrastructure in the country. Despite a quick improvement in quality of life in recent years, students have led a widespread protest, have taken over dozens of universities for two months, and last Friday have even been able to lead to a general strike attended by tens of thousands of civilians. In December, about 100,000 people arrived in a huge demonstration in Belgrade, and yesterday also joined the protests that were blocked in the capital.

Tensions reached a new peak yesterday, when a student was injured during clashes with the ruling party supporters, as part of a 24 -hour blockage at a central junction in Belgrade. Three protesters in Novi Sad were attacked in the city. Against the basis of the escalation, President Wachic promised full pardon for students and lecturers arrested during the demonstrations, announcing his intention to replace over half of the current government ministers.

Chinese project in the crisis focus and the powers of the powers

The roof of the train station collapsed after renovations carried out by a group of companies led by two Chinese companies, also involved in the flagship project of the railroad between Budapest and Belgrade. This project is previously passionate about President Wachic and the Head of Hungary Victor Urban, as part of their policy of encouraging Chinese investment in their countries. Following the disaster, 13 people were charged, including former Minister of Transport Guran and Sicich, who resigned just days after the incident. Protesters require full transparency in the confiscated investigation and advertising.

Wachicch, who used to meet with Russian President Vladimir Putin, and relied on the Kremlin when it comes to foreign policy matters, has reduced his relationship with Moscow since the invasion of Ukraine in February 2022. The invasion. At the same time, Wachic is trying to promote Serbia to the EU and hopes Donald Trump’s return to the White House.

Warming relationship with Israel

At the same time as the developing political crisis, Serbia significantly tightens its ties with Israel. Recently, a huge deal between Serbia and Elbit Systems was signed worth $ 335 million, to acquire advanced artillery systems and Hermes 900. Especially in the fields of technology and cyber.

An economic and future economic crisis

The political crisis is already affecting the financial markets in Serbia, according to reports in Bloomberg, the return on the state’s dollar bonds for 2034 rose to 6.25%, becoming one of the worst performance in the dollar debt market. The ruling progressive party easily won the latest elections about a year ago, and holds a firm control over the country, as we noted international election observers. The opposition remains divided and influential in the media. Now the main question is whether the prime minister’s resignation will be enough to calm the protesters, or the crisis will lead to new elections if a new prime minister is not appointed within 30 days of approval of the resignation in the parliament.