ENERGY – THREAT OR OPORTUNITY FOR EASTERN AND CENTRAL EUROPE’S ECONOMIC DEVELOPMENT

Abstract

The author briefly presents: Different national strategic approaches of energy security issues depending on the national security and economic interests of each European country; Effects of economic and political sanctions applied to Russian Federation by the democratic international community after violating the international law with its hybrid aggressive intervention in Ukraine; Alternative energy sources for the European Union. The role of Norway, Romania and the Western Balkan countries in the European energy security.

Keywords

• energy
• threat
• opportunity
• economic development
• Eastern and Central Europe’s economic development