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The EU has set out its vision for Europe's social market economy in the Europe 2020 strategy, which aims at confronting our structural weaknesses through progress in smart specialization. In line with the Guide to Research and Innovation Strategies for Smart Specialization, this paper aims to identify key directions of sustainable innovative development of Russian resource regions and determine their readiness for smart specialization. Relying on clustering methodological approaches, this study has revealed: 1) economically developed resource regions, ready for smart specialization by attracting private sector investment; 2) resource regions ready for smart specialization using only public-private partnership, 3) enclave resource regions that initially require significant government support to enhance their investment attractiveness for private sector participation. The use of public-private partnerships and other forms of state support is a priority task at the initial stage, while regions with weak economic structure should receive support from the state until they become attractive to active private capital investing. [ABSTRACT FROM AUTHOR]

The Europe 2020 strategy is the EU's agenda for growth and jobs for the current decade. It started in 2010 and will last into 2020. It emphasises smart, sustainable and inclusive growth. Its aim is to overcome the structural weaknesses in Europe's economy, improve its competitiveness and productivity and underpin a sustainable social market economy. This strategy includes three areas of interest. Smart, sustainable and inclusive growth. One of set areas for this strategy is sustainable growth. We can say, that this growth means promoting a more resource efficient, greener and more competitive economy. European Commission set following aims for the area of sustainable growth, reduction of greenhouse gas emissions by at least 20% compared to 1990 levels, increase in the share of renewable energy sources in our final energy consumption to 20% and a 20% increase in energy efficiency. The aim of the article is to compare, how selected countries have fulfilled set aims of sustainable growth. We have chosen 4 countries ofV4, for analysis. We have compared the situation in the field of sustainable growth in the Czech republic, the Slovak republic, Hungary and Poland and of course, we have compared them with EU average. To show, how the strategy Europe 2020 influence analysed countries in selected indicators, we have analysed the period 2005-2014. The period 2005 - 2010 is called period before Europe 2020, and next period 2011 - 2014 is called period by Europe 2020. We analysed especially these indicators: greenhouse gas emissions and their change compared to year 1990 and share of renewable energy in gross final energy consumption. [ABSTRACT FROM AUTHOR]