ANALYSIS OF THE POTENTIAL FOR CIRCULAR ECONOMY IMPLEMENTATION IN NORTH MACEDONIA: CHALLENGES AND OPPORTUNITIES

Abstract

This paper investigates the potential for adopting a circular economy (CE) model in North Macedonia, a country with evolving economic landscape and ongoing EU accession aspirations. The study examines the challenges and opportunities associated with transitioning from a linear to a circular economic model in the context of North Macedonia’s unique economic and environmental conditions. It explores how current policies, legislative frameworks, and industrial practices are aligned with the principles of the CE, particularly in key sectors such as agriculture, manufacturing, and energy. Given North Macedonia’s reliance on resource-intensive industries and the environmental impacts of its economic activities, adopting a CE offers opportunities for enhanced resource efficiency, waste minimization, and sustainable growth.
However, barriers such as limited awareness, infrastructural gaps, regulatory challenges, and financial constraints represent significant obstacles. Despite these challenges, the paper identifies opportunities for North Macedonia to capitalize on innovation, public-private partnerships, and EU collaboration to foster circular solutions, particularly through green jobs and digital transformation. The analysis concludes by emphasizing the need for comprehensive policy reform, investments in circular infrastructure, and public awareness campaigns to successfully implement a circular economy in North Macedonia. By advancing toward a circular model, the country can simultaneously achieve environmental sustainability, economic resilience, and regional leadership in green development initiatives.