The birth of the European Union in the mid 20th century marked the birth of a new social identity which was shared by many, if not all Europeans, both in the EU and outside of it. The main questions raised in regard to this European identity dealt with its possible correlates with national identities in different countries. Although untill very recently most of the researchers dealing with this questions were sociologists and historians, in the last decade or so psychologist have started to claim there rightful place. This paper deals with the following question: is there a sense of belonging to Europe in Serbia, a country which is presently not a part of the EU and will not be its part for years to come? The sample consisted of 451 ethnic Serbs and Hungarians from Serbia, out of whom 47% women and 53% men, of different age and educational levels. The instruments used were STEIN scale (Attitudes toward European integration), collective self-esteem scale (Luhtanen and Crocker), and SDO scale (Sidanius, Pratto, Stallworth, Malle), as well as the European and national identity scale (Cinnirela). The results showed that there were significant differences between Serbs and Hungarians, and that low social dominance orientation and positive attitudes toward European integration are significant correlates of the European identity. We could not find any differences between men and women, as well as between subjects of different age and educational levels. Also, the results show that national and European identities can be perceived as independent types of social identity since there were no significant correlations between the two.