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The purpose of this paper is to analyze sustainability of the constructed projects (Djerdap 1 and 2) and feasibility of the planned ones (Djerdap 3) on the river Danube in the region of Iron Gate, with multi-criteria focus on technical, economical and environmental parameters.

The main objectives were achieved by using the methodology of a holistic multi-criteria approach. Electra method was applied. The design of the three projects on the international Danube River were analyzed, from technical, economical and environmental point of view, with the goal to manage a higher involvement of renewable resources.

The results of the research imply that the most profitable technical solutions cannot reach its realization and construction if the environmental quality criteria are not fulfilled and included in the multi-criteria optimization model. At the same time, the most sustainable and environmentally friendly technical solutions, such as the renewable hydro pump storage scheme, cannot be realized without proper project management and investment.

The results and conclusions are valid for all the structures and projects of renewable resources, where there is a conflict to the environment. This research has implications to all decision-making processes focusing on holistic analyses of conflicted techno-economical and environmental parameters.

The value of the paper and research is in proving the necessity of simultaneous analyses of technical, economical and environmental impacts on the projects. All the results of the research are beneficial for stakeholders who intend to invest in renewable hydro energy resources, in the function of sustainable development.

The neo-endogenous approach to rural development puts great importance on territorialization, and aligns with place-based strategies and with microentrepreneurship because both concepts consider local specificities and leveraging local resources. This chapter analyzes characteristics of rural tourism establishments in Vojvodina, Northern Province of Serbia, of which the majority are microenterprises. The discussion focuses on aspects of microenterprise functioning such as human capital, offers, revenues, and non-material benefits. The aim is to analyze the local embeddedness of rural tourism microenterprises and their contribution to neo-endogenous rural development. Our results reveal that microentrepreneurs are embedded in rural places, but they face numerous constraints which in turn limits the benefits host communities might receive from place-based rural tourism development.