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In the accession process of Serbia to the European Union problems of traditional financing of regional development have to be overcome in accordance with international standards and principles. An emphasis should be on reducing disparities, i.e. convergence between regions respecting the approach of the European Union which regards territorial, economic and social cohesion as an efficient instrument for stimulating overall development. A priority is consistently achieving the objectives established in the programs for stimulating balanced regional growth, particularly in the undeveloped regions of the Republic of Serbia. It implies developing systems of direct and indirect incentives to regional growth determined by regulations. In the accession process the issues of regional development financing have become more complex, as the goals of the regional policy are to be achieved in conditions of enlarged internal and external regional disparities and negative demographic trends. When defining and achieving the main goals of the regional policy and regional development financing systems it is necessary to observe the attitudes of the European Union in terms of reducing convergence, strengthening regional competitiveness, investment activities and employment and interregional cooperation

The issues of financing regional development in the Republic of Serbia in the EU accession process