Abstract:
Article presented below is regarding to European Research Area, especially
concerning problems of universities functioning in knowledge society. Author
focuses on the draft of European Union science policy, especially taking
into consideration Lisbon Strategy regarding to research and development
financing. Also article involves such topics as role of universities among
knowledge society as well as universities’ modernization problems in sphere
of science research and innovations. Especially, it focuses on opportunities
and challenges that have to be accepted by universities that would like to take
part into European Research Area, and be involved into building knowledge
society.