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The purpopse of this article is the evaluation of innovation 12 economies of Central and Eastern Europe (CEE) compared to other countries 13 of the European Union, based on the aggregate indexes (Global Innovation 14 Index, Innovation Union Scoreboard) and their components. It was found that 15 the CEE countries are still a sizable distance from the “old members” of the 16 European Union. The exceptions are Estonia, Slovenia and the Czech 17 Republic, that owe their position to the effectiveness of the deployment of 18 innovative and relative high expenditure on the development of innovation 19 finance. The weakest proved to be Romania, Bulgaria, Latvia and Poland. 20

EVALUATION OF INNOVATION ECONOMIES OF THE CENTRAL AND EASTERN EUROPE COMPARED TO OTHER EU COUNTRIES