| Abstract |
The need to establish a new basis for the region's flexible transformation requires interconnected economies in sectors with available quality resources with environmental, climate, and energy benefits. The new challenges posed by the possible growth of the deficit and public debt and the growing imbalances in the budget require new solutions based on more restrictive measures in the future. The new situation in the world, in Europe, and thus in our region has led to a change in the functioning of the entire social and economic trends. Implementing fiscal and monetary policy measures for preserving current employment and maintaining the liquidity of economic entities with as few effects on public debt as possible has mitigated the economic consequences of the epidemic. However, the question is what the long-term consequences of implemented measures are and how to continue functional, sustainable development. Whether the transition from a linear to a circular economy through significant innovative processes within the region's existing biodiversity can provide sustainable development with a changed investment structure is a question that involves much uncertainty. What economic measures to take create great doubts, but they must undoubtedly adapt to the new situation with the most efficient results for the economy and the population with the implementation of digitalization and green transformation of the region. |
