Social impact of the project

is obvious in its focus on strengthening self-sufficiency of Serbian economy (first agriculture and service sector in rural areas), which is also an important national priority and interest in the newly created circumstances of Covid-19 pandemic and economic and financial instabilities caused by the Ukrainian crisis characteristic of the third decade of the XXI century.

The farmer's hand, the woman holding the vegetable in her hand and the background of a rice field.

Scientific impact of the project

is obvious in its focus on gaining contemporary knowledge that will be structured and presented to academia as publications. Additionally, experts engaged in the project will specialize in the domain thus becoming more competent in their teaching work at all levels of academic studies, contributing to the higher competence of future generations.

The socio-economic impact of the project

is the most obvious one, as the transition towards circular economy brings about complex changes in economic and social sectors. The most important long-term benefit is creating solid foundation for the planned and systematic approach to the issues of rural development, empowering women, supporting families in rural areas, and creating employment for the low-skilled workers and the disabled. Given the fact that employment in circular economy entities is largely local, realization of this project will also create solid foundation for systematic solution to the problem of discrepancies in the development of certain local self-governments in the Republic of Serbia. As a result, a well-balanced development will be achieved and migrations from rural to urban areas will be mitigated.


Impact on education

is obvious in the primary characteristic of the project since it focuses on data collection, classification and processing in the field that has not been researched yet. As a result, a unique database will be created for further research and education in the field of economics – highlighting the fact that circular economy is not well represented in study programs of higher educational institutions in the Republic of Serbia.

Short-term impact of the project

is obvious in its focus on gaining insight into how well informed and apt certain local governments and economic entities are regarding circular transition in the republic of Serbia.


Long-term impact of the project

is obvious in its focus on gathering data, knowledge, and information for devising the future Strategy for Circular Transition in the Republic of Serbia, which is an umbrella document for realization of any future activity in this field. As a result, the Republic of Serbia will gain long-term benefits such as decreased import, higher competitiveness, decreased harmful effects of climate changes, lower level of pollution, optimal consumption of raw materials and energy sources, well-balanced development of local self-governments, supporting rural development, and employment for low-employable categories of workers.