Risks of Implementing Circular Economy Practices in Smes in Albania

Abstract

The main objective of this paper is to give an overview of the risks of implementing circular economy practices in Albanian SMEs. The methodology used for research and design in this paper will be based on a literature review, that involves systematically searching, analyzing, and synthesizing existing scholarly articles, books, and other sources related to implementing circular economy practices in SMEs. In conclusion, the adoption of circular economy principles by SMEs in Albania has the potential to improve economic and environmental sustainability but on the other hand, there are inherent risks associated with transitioning to a circular economy model for SMEs. Our research helps to focus attention on the problems of implementing circular practices in Albanian SMEs and possible interventions by the authorities in the form of regulation.

Received: 25 December 2023 / Accepted: 25 February 2024 / Published: 23 April 2024