“…Annoni and Kozovska have developed the Regional Competitiveness Index (RCI) which focuses on the NUT 2 level regions of the EU and shows the strengths and weaknesses of each of them (Dijkstra, Annoni, & Kozovska, 2011;Annoni & Kozovska, 2013). Ginevicius et al propose 45 indicators for evaluation of regional development in three directions: economic, social and ecological (Ginevicius, Hogeforster, & Gedvilaite, 2014;Ginevicius, Stasiukynas, & Gedvilaite, 2016). A similar approach is used by Benzaquen et al, where the competitiveness of regions was identified by 5 pillars: government and institutions; economic development; productive infrastructure; human capital and business efficiency and a set of factors and their variables (Benzaquen, Carpio, Zegarra, & Valdivia, 2010).…”