European way to innovative economy

The article deals with the results of the Lisbon strategy for innovative economy development in the EU and new EU's social and economic development program called Europe 2020, featuring an ambitious strategy for the EU's development in the forthcoming decade. It also analyses experience and the current achieved innovative development level in the EU countries, divided in clusters according to the IUS methodology. The paper reveals the leadership of several EU countries in innovation activities, including in R&D expenditures scale, the number of patent requirements, high-tech export volumes, tertiary education enrollment and so on, as well as some trends in different clusters' countries position in ratings on the mentioned factors.

innovation, innovation development, EU economic policy, Europe 2020, European Innovation Scoreboard, EU innovation clusters