Serbia’s pro-Western President Boris Tadic won a narrow re-election against nationalist challenger Tomislav Nikolic on Sunday in a vote seen as a referendum on the nation’s future ties with the West as it faces the loss of Kosovo.

The re-election of pro-Western liberal Boris Tadic as president of Serbia on Sunday is expected to soothe investor concerns about the country’s stability ahead of the imminent declaration of independence by its Kosovo province.

Serbia’s pro-Western president Boris Tadic narrowly won re-election on Sunday in a vote seen as a referendum on the country’s future ties with the European Union as it faces the loss of the breakaway province of Kosovo.