The Impact of Circular Economy on the Development of Firms in Kosovo
Session
Management Business and Economics
Description
In recent years, consumer behaviour has changed significantly as a result of the rapid development of industries. Alongside these changes in consumer behaviour, the need has also emerged to transform the way material goods are produced. At a time when environmental and economic challenges require sustainable approaches, the circular economy (CE) is increasingly recognized as a promising model for the long-term development of both manufacturing and service-oriented businesses. Kosovo being a new developing country, with a growing number of newly established manufacturing businesses, and also having problems with the waste management, it has to take actions toward implementing the principles of the Circular Economy. In today’s linear economy, we extract materials from the earth, process them into products, and eventually discard them as waste. In contrast, the circular economy seeks to eliminate waste generation at the source. What, then, is required to transform our current waste-based economy into one where waste is eliminated, resources circulate, and nature regenerates? The purpose of this study is to demonstrate how the circular economy provides the tools to simultaneously address climate change and biodiversity loss while also meeting critical social and financial needs. Within this pressing context, the study analyses the impact of CE on firm development, with a particular focus on Kosovo, where air pollution has been a persistent issue for years.
Keywords:
Climate Change, Linear Economy, Circular economy, Kosovo
ISBN
978-9951-982-41-2
Location
UBT Lipjan, Kosovo
Start Date
25-10-2025 9:00 AM
End Date
26-10-2025 6:00 PM
DOI
10.33107/ubt-ic.2025.423
Recommended Citation
Bajrami, Riona, "The Impact of Circular Economy on the Development of Firms in Kosovo" (2025). UBT International Conference. 38.
https://knowledgecenter.ubt-uni.net/conference/2025UBTIC/MBE/38
The Impact of Circular Economy on the Development of Firms in Kosovo
UBT Lipjan, Kosovo
In recent years, consumer behaviour has changed significantly as a result of the rapid development of industries. Alongside these changes in consumer behaviour, the need has also emerged to transform the way material goods are produced. At a time when environmental and economic challenges require sustainable approaches, the circular economy (CE) is increasingly recognized as a promising model for the long-term development of both manufacturing and service-oriented businesses. Kosovo being a new developing country, with a growing number of newly established manufacturing businesses, and also having problems with the waste management, it has to take actions toward implementing the principles of the Circular Economy. In today’s linear economy, we extract materials from the earth, process them into products, and eventually discard them as waste. In contrast, the circular economy seeks to eliminate waste generation at the source. What, then, is required to transform our current waste-based economy into one where waste is eliminated, resources circulate, and nature regenerates? The purpose of this study is to demonstrate how the circular economy provides the tools to simultaneously address climate change and biodiversity loss while also meeting critical social and financial needs. Within this pressing context, the study analyses the impact of CE on firm development, with a particular focus on Kosovo, where air pollution has been a persistent issue for years.