The need has arisen to implement a circular economic model that enables economic growth and prosperity in accordance with environmental protection and sustainable development because of the current unsustainable linear means of production in the economy. The aim of this paper is to determine the application of the circular economy concept in member countries of the European Union from 2008 to 2016. The purpose is to analyse whether economic development measured by GDP (gross domestic product) affects the analysed circular economy variables. Based on the hypotheses set, an econometric model was formed where GDP was identified as an independent variable, while the dependent variables were the production of municipal waste per capita, the recycling rate of municipal waste, the recycling rate of packaging waste by type of packaging, the recycling of bio-waste, and the recycling rate of e-waste. The first part of the statistical analysis conducted using the Stata software package shows the Pearson correlation between the abovestated variables, while the second part explores the univariate regression model. The results point towards the conclusion that the application of the circular economy concept can ensure economic growth and GDP growth while reducing the use of natural resources and ensuring greater environmental protection.

Following the global economic crisis of 2008, the concept of green economy has become a significant field of interest for scientific research as well as for specific development policies in various countries around the world. More recently, the transition towards green economy has been considered a desirable model and alternative approach to development encompassing all elements of sustainable development—economic, ecological and social. By adopting the 2019 European Green Deal, the European Union has explicitly opted for a new pattern of development that involves all European countries transitioning their economies, i.e., achieving economic growth while significantly reducing their negative environmental impact. The aim of this paper was to assess the possible effects of Croatian economy transitioning in accordance with the European Green Deal strategic framework and resources planned for Croatia in the following EU budgeting period (2021–2027). Based on the regression analysis results and two developed investment scenarios for the green transition, the authors have shown the potential positive effects of such a process on the gross domestic product and on total employment. These results were further supported by arguments based on examples for specific sectors and economic activities. The authors conclude that transitioning towards green economy, i.e., implementing specific green economy policies can serve to push sustainable development in the EU while simultaneously contributing to the implementation of the strategic goals of the European Green Deal.

Energy efficiency, renewable energy sources, and environmental protection projects play a pivotal role in tourism. The World Tourism Organization (UNWTO) addresses resource management and energy use as one of the major issues. The main...

The issue of insolvency is significantly present in countries undergoing transition. In Croatia, there has been significant research on the possibilities of using the existing models for determining the domestic companies’ ability to maintain solvency. Likewise, no model based on business enterprises’ financial data has yet been proposed, which leaves an open space for this research. The purpose of this paper is to calculate and analyse solvency indicators; total debt to assets ratio, total debt to equity ratio, Altman Z-score, and the Kralicek Quick Test. This paper analyses the financial data for the period 1996–2014 and provides evidence that the insolvency of Croatian companies increased with the global financial crisis. Multiple regression analysis is used in order to show the relation between total debt to assets ratio as the dependent variable, and current assets and liabilities ratio and dummy variables as independent variables. The conclusions and recommendations for mitigating the impact of insolvency in this paper would be useful for managers, public policy-makers and all stakeholders in companies with financial problems, as well as for financially still-healthy companies.