Serbian leader Aleksandar Vučić has conceded defeat in a high-stakes parliamentary election, losing to a grassroots student movement amid record voter turnout.

Serbia entered a new political era after veteran leader Aleksandar Vučić conceded defeat in a snap parliamentary election to a grassroots student movement.

Serbia has recorded massive voter turnout in a high-stakes snap parliamentary election that poses the most serious electoral challenge yet to Aleksandar Vučić's decade-long rule.

Serbian President Aleksandar Vučić announced his resignation to contest the upcoming parliamentary ballot, following nearly two years of protests.