INNOVATIVE FACTOR OF SUSTAINABLE DEVELOPMENT OFUKRAINE REGIONS

Subject of research - features of the economic processes of sustainable economic entities development on the regional level in the conditions of implementation economic reforms based on innovation. Purpose of the article is identification of the essence of the current stage implementation of the concept of sustainable economic development and the role of innovation factor in securing the level in Ukraine regions with peculiarities of foreign experience. The methodology of research - aspects of theories of new regionalism, concepts of sustainable development and innovation science and practice of management of innovative processes at all levels in the network economic system. On the basis of a systematic approach identified the internal and external factors influencing the nature of sustainable development of regions of Ukraine With the use of statistical analysis techniques identified as the impact of innovation factor on the security. Grounded on methods of structuring and synthesis justified preconditions for activation of Ukraine innovative development and developed proposals for strengthening the role of innovation in ensuring the implementation of the sustainable development goals (SDG). The results of the of the article - the influence of innovation factor on the process of achieving the goals of sustainable development of regions and substantiated problems that require the strengthening of the role of the state regional policy. Conclusions - modern regional economic policy needs to be specific, different from the traditional economy, approaches to the definition and implementation of sustainable innovative development. These features were summarized as the introduction of measures to balance the efforts of the state and the regions to get the maximum results for economic and social development, taking into account the innovation factor.