The Challenges of Sustainable Energy in Serbia
Abstract
As a country undergoing reforms, Serbia has gone through a period of great challenges related to market disintegration of socialist Yugoslavia in 1991. This includes not only the bloody war resolution, but international sanctions, hyperinflation, and the NATO bombing of the 1999th. After entering the period of peaceful transformation to a market economy, rule of law and political democracy, Serbian society is still suffering from the problem of late transition, poorly designed and implemented privatization, corruption, lack of power of the new institutions, as well as the serious consequences of the recent global economic crisis. All these effects are visible in the energy sector (Djukic, 2011). However, this situation should soon be changing for the better in terms of open market economy, international competition, and strategic planning of sustainable economic and social future in a spirit of preparation of Serbia’s candidacy for EU membership.