diff --git a/tests/stress_tests/CMakeLists.txt b/tests/stress_tests/CMakeLists.txt
index 5a37fd9a7115e9..386971ffbda0dd 100644
--- a/tests/stress_tests/CMakeLists.txt
+++ b/tests/stress_tests/CMakeLists.txt
@@ -9,11 +9,31 @@ if (CMAKE_BUILD_TYPE STREQUAL "")
     set(CMAKE_BUILD_TYPE "Release")
 endif()
 
+set (GFLAGS_IS_SUBPROJECT TRUE)
 set (HAVE_SYS_STAT_H 1)
 set (HAVE_INTTYPES_H 1)
 set (INTTYPES_FORMAT C99)
+set (BUILD_TESTING OFF)
+
 find_package(InferenceEngineDeveloperPackage REQUIRED)
 
+set(OpenVINO_MAIN_SOURCE_DIR "${CMAKE_CURRENT_SOURCE_DIR}/../../")
+
+if(EXISTS "${OpenVINO_MAIN_SOURCE_DIR}/inference-engine/samples/thirdparty/gflags")
+    function(add_gflags)
+        if(NOT WIN32)
+            set (CMAKE_CXX_FLAGS "${CMAKE_CXX_FLAGS} -Wno-all")
+            set (CMAKE_C_FLAGS "${CMAKE_C_FLAGS} -Wno-all")
+        endif()
+        set(BUILD_SHARED_LIBS OFF)
+        add_subdirectory(${OpenVINO_MAIN_SOURCE_DIR}/inference-engine/samples/thirdparty/gflags
+                         ${CMAKE_CURRENT_BINARY_DIR}/gflags_build
+                         EXCLUDE_FROM_ALL)
+        set_target_properties(gflags_nothreads_static PROPERTIES FOLDER thirdparty)
+    endfunction()
+    add_gflags()
+endif()
+
 add_subdirectory(unittests)
 add_subdirectory(memleaks_tests)
 add_subdirectory(memcheck_tests)
diff --git a/tests/stress_tests/memcheck_tests/CMakeLists.txt b/tests/stress_tests/memcheck_tests/CMakeLists.txt
index 635797c58e752e..726fa50a037172 100644
--- a/tests/stress_tests/memcheck_tests/CMakeLists.txt
+++ b/tests/stress_tests/memcheck_tests/CMakeLists.txt
@@ -19,18 +19,6 @@ file (GLOB HDR
 # Create library file from sources.
 add_executable(${TARGET_NAME} ${HDR} ${SRC})
 
-include(FetchContent)
-FetchContent_Declare(
-    gflags
-    GIT_REPOSITORY "https://github.com/gflags/gflags.git"
-    GIT_TAG "v2.2.2"
-)
-FetchContent_GetProperties(gflags)
-if(NOT gflags_POPULATED)
-    FetchContent_Populate(gflags)
-    add_subdirectory(${gflags_SOURCE_DIR} ${gflags_BINARY_DIR})
-endif()
-
 target_link_libraries(${TARGET_NAME}
         IE::gtest
         IE::gtest_main
diff --git a/tests/stress_tests/memleaks_tests/CMakeLists.txt b/tests/stress_tests/memleaks_tests/CMakeLists.txt
index c24e43433d2bff..b5eecf0547aeb7 100644
--- a/tests/stress_tests/memleaks_tests/CMakeLists.txt
+++ b/tests/stress_tests/memleaks_tests/CMakeLists.txt
@@ -20,18 +20,6 @@ file (GLOB HDR
 # Create library file from sources.
 add_executable(${TARGET_NAME} ${HDR} ${SRC})
 
-include(FetchContent)
-FetchContent_Declare(
-    gflags
-    GIT_REPOSITORY "https://github.com/gflags/gflags.git"
-    GIT_TAG "v2.2.2"
-)
-FetchContent_GetProperties(gflags)
-if(NOT gflags_POPULATED)
-    FetchContent_Populate(gflags)
-    add_subdirectory(${gflags_SOURCE_DIR} ${gflags_BINARY_DIR})
-endif()
-
 target_link_libraries(${TARGET_NAME}
         IE::gtest
         IE::gtest_main
diff --git a/tests/stress_tests/unittests/CMakeLists.txt b/tests/stress_tests/unittests/CMakeLists.txt
index fea767898f7bf7..e67191a9ed61ec 100644
--- a/tests/stress_tests/unittests/CMakeLists.txt
+++ b/tests/stress_tests/unittests/CMakeLists.txt
@@ -20,18 +20,6 @@ file (GLOB HDR
 # Create library file from sources.
 add_executable(${TARGET_NAME} ${HDR} ${SRC})
 
-include(FetchContent)
-FetchContent_Declare(
-    gflags
-    GIT_REPOSITORY "https://github.com/gflags/gflags.git"
-    GIT_TAG "v2.2.2"
-)
-FetchContent_GetProperties(gflags)
-if(NOT gflags_POPULATED)
-    FetchContent_Populate(gflags)
-    add_subdirectory(${gflags_SOURCE_DIR} ${gflags_BINARY_DIR})
-endif()
-
 target_link_libraries(${TARGET_NAME}
         IE::gtest
         IE::gtest_main
diff --git a/tests/time_tests/CMakeLists.txt b/tests/time_tests/CMakeLists.txt
index ea36239c8aed2d..e4d4beb94473bc 100644
--- a/tests/time_tests/CMakeLists.txt
+++ b/tests/time_tests/CMakeLists.txt
@@ -8,13 +8,24 @@ set (CMAKE_BUILD_TYPE "Release" CACHE STRING "Choose the build type")
 
 project(time_tests)
 
+set(OpenVINO_MAIN_SOURCE_DIR "${CMAKE_CURRENT_SOURCE_DIR}/../../")
 
+# Search OpenVINO Inference Engine installed
 find_package(InferenceEngine)
 if (NOT InferenceEngine_FOUND)
-    set (HAVE_SYS_STAT_H 1)
-    set (HAVE_INTTYPES_H 1)
-    set (INTTYPES_FORMAT C99)
-    find_package(InferenceEngineDeveloperPackage REQUIRED)
+    # Search OpenVINO Inference Engine via InferenceEngine_DIR
+    find_package(IEDevScripts
+                 PATHS "${OpenVINO_MAIN_SOURCE_DIR}/cmake/developer_package"
+                 NO_CMAKE_FIND_ROOT_PATH
+                 NO_DEFAULT_PATH)
+    if (NOT InferenceEngine_FOUND)
+        # Search OpenVINO Inference Engine via InferenceEngineDeveloperPackage_DIR
+        # in order to provide backward compatibility with old OpenVINO packages
+        set (HAVE_SYS_STAT_H 1)
+        set (HAVE_INTTYPES_H 1)
+        set (INTTYPES_FORMAT C99)
+        find_package(InferenceEngineDeveloperPackage REQUIRED)
+    endif()
 endif()
 
 add_subdirectory(src)
diff --git a/tests/time_tests/README.md b/tests/time_tests/README.md
index ea59cd9fa7b761..b8c7d77509aaed 100644
--- a/tests/time_tests/README.md
+++ b/tests/time_tests/README.md
@@ -22,11 +22,14 @@ cmake .. && make time_tests
 If you don't have OpenVINO™ installed you need to have the `build` folder, which
 is created when you configure and build OpenVINO™ from sources:
 
+``` bash
+cmake .. -DInferenceEngine_DIR=$(realpath ../../../build) && make time_tests
+```
+For old versions of OpenVINO™ from sources use `-DInferenceEngineDeveloperPackage_DIR`:
 ``` bash
 cmake .. -DInferenceEngineDeveloperPackage_DIR=$(realpath ../../../build) && make time_tests
 ```
 
-
 2. Run test:
 ``` bash
 ./scripts/run_timetest.py ../../bin/intel64/Release/timetest_infer -m model.xml -d CPU
diff --git a/tests/time_tests/src/timetests_helper/CMakeLists.txt b/tests/time_tests/src/timetests_helper/CMakeLists.txt
index 0e474ce1a335a2..75808ac98e583e 100644
--- a/tests/time_tests/src/timetests_helper/CMakeLists.txt
+++ b/tests/time_tests/src/timetests_helper/CMakeLists.txt
@@ -8,16 +8,26 @@ file (GLOB SRC *.cpp)
 add_library(${TARGET_NAME} STATIC ${SRC})
 target_include_directories(${TARGET_NAME} PUBLIC "${CMAKE_SOURCE_DIR}/include")
 
-include(FetchContent)
-FetchContent_Declare(
-    gflags
-    GIT_REPOSITORY "https://github.com/gflags/gflags.git"
-    GIT_TAG "v2.2.2"
-)
-FetchContent_GetProperties(gflags)
-if(NOT gflags_POPULATED)
-    FetchContent_Populate(gflags)
-    add_subdirectory(${gflags_SOURCE_DIR} ${gflags_BINARY_DIR})
+set (GFLAGS_IS_SUBPROJECT TRUE)
+set (BUILD_TESTING OFF)
+
+set (HAVE_SYS_STAT_H 1)
+set (HAVE_INTTYPES_H 1)
+set (INTTYPES_FORMAT C99)
+
+if(EXISTS "${OpenVINO_MAIN_SOURCE_DIR}/inference-engine/samples/thirdparty/gflags")
+    function(add_gflags)
+        if(NOT WIN32)
+            set (CMAKE_CXX_FLAGS "${CMAKE_CXX_FLAGS} -Wno-all")
+            set (CMAKE_C_FLAGS "${CMAKE_C_FLAGS} -Wno-all")
+        endif()
+        set(BUILD_SHARED_LIBS OFF)
+        add_subdirectory(${OpenVINO_MAIN_SOURCE_DIR}/inference-engine/samples/thirdparty/gflags
+                         ${CMAKE_CURRENT_BINARY_DIR}/gflags_build
+                         EXCLUDE_FROM_ALL)
+        set_target_properties(gflags_nothreads_static PROPERTIES FOLDER thirdparty)
+    endfunction()
+    add_gflags()
 endif()
 
 target_link_libraries(${TARGET_NAME} gflags)