ISSN 1822-7996 TAIKOMOJI EKONOMIKA: SISTEMINIAI TYRIMAI: 2011.5/1 Introduction Te goal of this paper is to compare the - nian biotechnology sectors. A task of the Maik HÜETTINGER Vincentas Rolandas GIEDRAITIS Aušra RASTENIENĖ Innovation in “new” and “old” Europe: A comparison of the Lithuanian and Bavarian biotechnology sectors the other hand, has had a strong biotechnology sector that has been developing for some time and is already development. Keywords - - - Raktiniai žodžiai JEL classifcation current state of Lithuania in the context of the global economy by focusing on the Maik Email: huettinger@v4ce.net. vincas.giedraitis@ef.vu.lt. room 511, LT-01513 Vilnius, Lithuania. Tel: 00 370 2 366 147. Email: Ausryte.Rasteniene@ef.vu.lt.