Investment to Technologies Strengths and Weaknesses: Lithuania in the Context of EU

resources for the creation of competitive knowledge - based economy which is based on implementation of new technologies and availability of high qualified human resources (4). In the Strategy a big attention is paid to the development of the High - Tech sector, which in turn, will increase the competitiveness of companies in the local and global markets through new products, new technologies, processes, business models and organization structures. In the theoretical part of this paper the impact of technologies on the development of countrys economy was analyzed within a scope of different theories: neoclassical (5), endogenous (6)-(8), evolutionary (9), knowledge - based economy (10) and others. In the methodological part different methods and overviews (11) evaluating innovations in the world and Europe were discussed and the system of indexes for the evaluation of investment to technologies was developed. The main objective of this investigation was to evaluate Lithuania according to investments to technologies criteria in the context of European countries. This evaluation enables identification of the main strengths and weaknesses in the country and could work as a tool for adequate countrys strategic proposals.