site.btaClimate Change Calls for Designing New Economic Models - Austrian Diplomat

At a Sofia forum on circular-economy policies and practices Thursday, Philippe Kupfer, Commercial Counsellor at the Austrian Embassy in Sofia, said that climate change, which is visible even here, calls for designing new economic models and making sure products are reused and their life cycle is extended. 

The forum is co-organized by GBCIC the The German-Bulgarian Chamber of Industry and Commerce (GBCIC) and ADVANTAGE AUSTRIA.

In his words, the circular economy can increase economic growth by up to 5% of the GDP.

He said that Austria is third in the introduction of the circular economy and Germany is 6th, while Bulgaria is lagging behind.