HYPERION ECONOMIC JOURNAL

 FULL TEXT

• Bojan Krstić, Affiliation: University of Niš, Faculty of Economics, Republic of Serbia;
• Tanja Stanišić, Affiliation: Researcher on the project No. 179066, University of Kragujevac, Serbia;
• Jelena Stanojević, Affiliation: Researcher on the project No. 179066, University of Kragujevac, Serbia.

The purpose of this paper is understanding of the importance of financial support for agricultural development and achieved results. The aim is an assessment of the importance of the European Union funds intended for agricultural and rural development. In accordance with the purpose and objectives of the research, we analyze the efficiency of investment in the European Union agricultural funds. Also, the interdependence between agriculture expenditures from the European Union funds and results achieved in agriculture in the European Union countries is examined in this paper. Homogeneity of the European Union countries, according to agricultural expenditures and agricultural results is analyzed. The results of this research highlight the importance of financial support provided from the European Union funds for agricultural and rural development.

 FULL TEXT