Energy resources and management of the economic development of the Balkan countries

Ćatović Azra (Univerzitet u Novom Pazaru, Departman za ekonomske i računarske nauke), a.catovic@uninp.edu.rs
Todorov Janko (Fakultet za poslovne studije i pravo, Univerzitet \\\"Union - Nikola Tesla\\\", Beograd), janko.todorov@gmail.com

The Balkan countries have numerous energy resources that represent a significant segment of their social environment. The energy resources of each country in the current global context represent the first-class basis of their international position. The space of the so-called Western Balkans, with the permanent presence and competition of great powers, objectively disposes of small capacities of oil and gas as essential drivers of economic development. In the conditions of the world crisis (economic and political), the countries of the region invest respectable financial resources for the purpose of improving their energy infrastructure. It is important for them to participate in the current projects of the European Union to promote their economic growth. It is also important for them to use proactive measures of their economic policy to attract direct foreign investments that can achieve a higher level of economic development and social prosperity.

Keywords: energy resources, Balkans, state, crisis, US, Russia, EU