Business Transformations through the Application of the Circular Economy

Teodorina Turlakova – University of Economics-Varna, Department of Agricultural economics , Knjaz Boris I bul., 77 street number, zip code 9002, Varna, Bulgaria

Abstract: The application of the circular economy contributes to multi­plying the effects of business operations. Its influence is taken into account both on the value of products, materials and resources, which is preserved as long as possible in the economic cycle, as well as on the sustainability of production and consumption. In the long term, the effects of a circular econ­omy manifest as a preserved environment, competitiveness in the European market, new jobs, and sustainable growth. At the company level, the circu­lar economy contributes to the development of a new, innovative econom­ic model based on reuse, recycling, repair, redevelopment, reduction of raw material use and landfilling. The report examines the relationship between industrial symbiosis and the circular economy, as well as the business mod­els and benefits of applying the circular economy, primarily to achieve sus­tainable development.

LIMEN Conference

9th International Scientific-Business Conference – LIMEN 2023 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (Graz University of Technology, Graz, Austria), December 7, 2023

LIMEN Conference Proceedings published by the Association of Economists and Managers of the Balkans, Belgrade, Serbia

LIMEN Conference 2023 Conference Proceedings: ISBN 978-86-80194-78-3, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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