VARIOUS SOURCES OF FINANCING THE DEVELOPMENT OF RURAL TOURISM IN THE REPUBLIC OF SERBIA

Ana Jovancai Stakić; Nikola Stakić

Ana Jovancai Stakić Singidunum University, Belgrade, Serbia
Nikola Stakić Singidunum University, Belgrade, Serbia

Keywords: Rural tourism, Sources of financing, Republic of Serbia, Agriculture

Abstract

Despite the great potential and numerous comparative advantages, rural tourism in the Republic of Serbia is still underdeveloped. One of the main limitations of this development is the lack of appropriate financial resources at bothnational and local level. The aim of this paper is to explore development and current state of rural tourism and present different sources of its financing in the Republic of Serbia. The research concluded that current financial support is not adequate and that new and alternative modalities of financing rural development are crucial for further development of this sector. Based on the analysis authors identified and suggested other possible sources of financing and course for reaching sustainable growth in the industry.

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