Progress in the Transition of the Circular Economy in Slovakia and the European Union

Abstract

The transition from a linear economy to a circular economy is one of the main priorities for the development of the European Union and is also part of its industrial strategy. The transition to a circular economy is a key element of the European Union’s efforts to develop a sustainable and competitive economy through resource efficiency. In its Circular Economy Action Plan, the European Commission has formulated measures to stimulate the transition to a circular economy in the European Union, while expressing the need to introduce and improve tools and indicators to monitor progress in this area. The aim of the paper is to assess whether the circular economy in Slovakia and the European Union has progressed or regressed in the last decade. The theoretical part is based on the analysis of the literature, while the empirical part uses basic scientific methods to analyze current economic policy in the field of circular economy in Slovakia and the EU and analyze the development and current state of implementation of circular economy in Slovakia and the EU based on macro indicators proposed by the European Commission.