application/pdf 408685 bytes The importance of applying the principles of the circular bioeconomy to achieve the sustainable development goals in Serbia 2026 University of Belgrade, Technical Faculty in Bor, Department of Engineering Management http://creativecommons.org/licenses/by-nc-nd/4.0/legalcode info:eu-repo/semantics/article XXII International May Conference on Strategic Management - IMCSM26 - BOOK OF PROCEEDINGS startpage: 309 endpage: 317 eng Keywords: Bioeconomy, principles, sustainability, CEE2ACT project, Serbia https://unilib.phaidrabg.rs/o:10019 doi:10.5937/IMCSM26309B ISBN: 978-86-6305-169-0 Abstract: The circular bioeconomy, as a specific, integrated subset of the circular economy, is recognised as a potential solution for achieving sustainable development goals. This concept is based on a closed-loop system where biological resources are managed sustainably, applying the principle of maximum use and added value of the product, with minimal waste. The Circular Bioeconomy Principles (CBP) represent a new approach to economy, moving forward to a regenerative and sustainable system. Application of CBP aims to accelerate the transition to an economy that is climate neutral, inclusive and prospers in harmony with nature. The aim of this research was to answer the question: To what extent do circular bioeconomy principles enhance sustainability? Despite many efforts and activities, there has been a poor approach to the bioeconomy in Serbia for several decades. The realization of circular bioeconomy in Serbia can be called a pioneering undertaking, because this term was not recognized in strategic, legal and institutional frameworks in Serbia. Serbian companies are characterised by a lack of forward planning and a general concern and feared for innovation. They are mostly engaged in low value-adding activities in global value chains, therefore, the share of domestic value added is low in Serbia, especially in manufacturing. This paper provides a review of the most significant circular bioeconomy principles and their contribution to the sustainable development in Serbia. The application of circular bioeconomy principles plays a fundamental role in achieving main sustainable development goals. Brašanac-Bosanac, Ljiljana Čule, Nevena Rakonjac, Ljubinko Lučić, Aleksandar Ćirković-Mitrović, Tatjana