Serbian Minister's Corruption Trial Over Kushner-Linked Real Estate
Analysis based on 11 articles · First reported Feb 04, 2026 · Last updated Feb 04, 2026
The trial of Nikola Selaković and other Serbian officials for corruption, coupled with the withdrawal of Jared Kushner's investment, signals increased political risk and potential instability in Serbia. This could deter future foreign direct investment and negatively impact Serbia's economic outlook, especially concerning its European Union accession.
Serbia's Culture Minister Nikola Selaković and three other officials are on trial for abuse of office and falsifying documents to facilitate a real estate project in Belgrade. The project, which involved a company of Jared Kushner, aimed to replace a bombed-out military complex with a high-rise hotel and luxury apartments. Kushner has since withdrawn from the investment. The plan, backed by Serbian President Aleksandar Vučić, faced opposition from the public and heritage groups due to the site's cultural significance. This trial occurs amidst broader concerns about Serbia's judicial independence, as the parliament recently passed legal changes seen as curbing the judiciary. The European Union has urged Serbia to retract these amendments, highlighting a 'serious step back on Serbia's EU path'. President Vučić is also facing ongoing protests over alleged corruption and his tightening grip on power.
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