Journal of Security and Sustainability Issues

The article is dedicated to the research and assessment of trust and partnership impact throughout the main authors of innovation cooperation - universities, business and state. This impact is put on the innovative cooperation’s development of the border region (Latvia-Lithuania-Belarus) and production of innovative products and services in that region. The research region is consisting of the regions of Latvia (Latgale region), Lithuania (Vilnius region, Alytus region, Utena region, Panevezys region, Kaunas region), Belarus (Vitebsk, Grodno region, Minsk region, Mogilev region). Lack of attention to the above issues, related with border region, stresses the importance of the article. Innovations are key factor in long-term economic development of the region. The main condition for development is a purposeful formation and effective functioning of the territorial innovation system, in which one of the factors of its successful development is trust between participants of the system. The information base of the research is survey of 620 entrepreneurs of small and medium-sized enterprises in the border region.

The article is devoted to the research and assessment of the development of the triple partnership between the participants

The aim of the presented paper is to examine how technology transfer is being approached in the latest scientific literature, and whether interrelations of technology transfer and sustainable development are being elaborated. Clusters in this context are perceived as networks (not necessarily proximate in geographic terms), which serve as technology transmittors. Efficiency of clusters is being addressed. The ultimate aim of the research is to develop framework, which would allow proceeding analysis of links between technology transfer phenomenon and sustainable development process.

Considering lack of benchmarking and observation data, the article analyses issues of technology transfer in Lithuania. Comparison of Lithuanian innovation performance with EU country members is given as well as foreign direct investments in last period. While analysing main technology transfer networks, article explains what problems Lithuanian clusters meet in each model. The main conclusion is that Lithuanian clusters lack experience and investments, also Lithuanian enterprises are mainly small and may not be interested to invest in the development and adoption of technology.

A possible sustainable growth of the financial sector due to the development of activity of credit unions is being examined in this paper. Moreover the analysis of contemporary credit unions conceptions and problems of management improvement are performed. In addition theoretical priorities for credibility and international capabilities of credit unions are presented. A sketch of some actual theories is being performed and methods for analysis of credit unions’ activities are particularly composed. Following method of improvement of observational research was performed in this paper. In order to evaluate common tendencies of activities of the credit unions in the World and particularly in the European Union the financial institutions’ legal regulations are specially surveyed. Furthermore legal regulations of credit unions are analyzed in practice for local and international credit unions of Lithuania. The preliminary evaluation of the credit unions activity in the circumstances of contemporary waves of the financial crisis is presented. After examining available and possible theoretical and practical aspects the assumptions from the analyzed material are proposed. The article discusses the development of credit unions and the factors affecting the credit union managers approach to the credit union system development prospects. Despite an occurrence of the recent commercial banks global situation concerning the possible disappointment of consumers - credit unions are one of the best institutions for further financial sustainability in the retail credit markets. An object of this research is credit unions and some other self-credit institutions. In addition the accumulated global information from the cooperative financial institutions is overviewed.