Serbia (? Listen Serbian Србија / Srbija / i; officially the Republic of Serbia, Serbian Република Србија / Republika Srbija) is a landlocked country in Southeast Europe. Serbia is located in the center of the Balkan Peninsula and borders Hungary to the north, the east with Romania and Bulgaria, to the south by Macedonia and Albania or in Kosovo, in the southwest of Montenegro and to the west by Bosnia and Herzegovina and Croatia. Serbia's recent history is marked by its role as the largest part of the state of Yugoslavia. It is also "the sole legal successor" of the Federal Republic of Yugoslavia was founded in 1992 (as of 2003 the State Union of Serbia and Montenegro) since the final collapse of Yugoslavia of 2006. Serbia is a member of the Black Sea Economic Cooperation (BSEC) and the Central European Free Trade Agreement (CEFTA) and has more free trade agreements. The economic performance of the country fell sharply due to the Yugoslav wars; in between 2003 to 2008, she recovered somewhat. After short important achievements in the EU accession process had been reached (so including the entry into force of an interim agreement on trade facilitation with the EU and the abolition of visas for Serbian citizens), Serbia officially handed on 22 December 2009 its candidacy for membership in the European Union and received, after also gave Romania its resistance, March 1, 2012 officially the status of candidate country.
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