Innovation activity of Lithuanian enterprises in the age of globalisation

In the modern world economy business development is influenced by globalization and regional integration. As a result, companies operate in the environment characterized by a tightening competition and rapid technological progress. Several studies conducted at both company and national level reveal a significant impact of innovation activities on the condition of individual enterprises as well as the whole economy. In relation to the above, the purpose of the article is to examine the level of innovation activity undertaken by Lithuanian companies and to show its similarities and differences in relation to EU companies. The first part of the article brings up the theoretical foundations of innovation, while the next parts use secondary data obtained from the Lithuanian Department of Statistics and Eurostat in order to provide the level of innovation activity. The article uses statistical and comparative analysis.