Impact of the circular economy on the Black sea basin Cover Image

Влияние на кръговата икономика в черноморския басейн
Impact of the circular economy on the Black sea basin

Author(s): Georgi Hadjiev
Subject(s): Economy, National Economy, Tourism
Published by: Международно висше бизнес училище
Keywords: sustainable development; Black sea; circular economy; marine ecosystem
Summary/Abstract: In recent years, there has been an increasing push towards the introduction of circular economy models, which would work in opposition to the traditional linear model "extraction-production-consumption-disposal".As part of the Black Sea Basin, Bulgaria has unique coastal and marine resources that offer opportunities for sustainable growth of the industries that depend on them. Although a large part of the economy along the Bulgarian coast continues to rely on traditional sectors such as beach tourism, fishing, maritime transport and mining, it should be borne in mind that the application of circular economy models has enormous potential. However, there is an increasingly fragmented management of coastal and marine natural resources, due to a lack of consistency in sectoral policies and market development at the regional and national level, which should be overcome through a comprehensive approach based on a comprehensive development vision.