STIMULATION OF INNOVATIVE DEVELOPMENT IN THE SYSTEM OF ECONOMIC SECURITY OF THE REGION

The economic security of a region is a complex and multifaceted concept, as it depends on regional aspects of development. This makes it difficult to understand the security situation in all region components. Modern research on innovative development and compliance with the norms and rules for achieving economic security is fundamental and relevant. The Law of Ukraine, «On the Fundamentals of National Security,» clearly defines the main directions of state policy to protect the national interests of business entities from various risks and threats. However, the mechanisms and methods of achieving economic security at the regional level, based on innovative approaches to sustainable development, still need to be studied more and practically undiscovered. Existing theoretical and practical approaches to the definition of security still need to be differentiated in the content and functional aspects between the national and regional levels. Objective. The purpose of the article is to study the ways. It means to ensure stimulating processes and their further continuous development in the system of economic security formation in the state's regions. Materials and methods. The economic security of a region is a multifaceted concept with a complex functioning structure since it depends on various regional components of development. This leads to the realization of the complexity of the security situation in all aspects of the region. Currently, research related to innovative development in the context of compliance with the rules and regulations of economic security is relevant. The Law of Ukraine, «On the Fundamentals of National Security,» clearly defines the main directions of state policy aimed at considering and protecting the national interests of business entities from various risks and threats. However, the mechanisms and methods of achieving economic security at the regional level based on innovative approaches to sustainable development still need to be explored. Existing theoretical and practical approaches to the definition of security still need to be differentiated by content and functionality at the national and regional levels of the security environment. Results. The economic security of a region is a complex systemic concept divided into different levels and has various substantive features. The financial security of an area is a set of measures and methods of managing state and regional resources to ensure a stable security environment and counteracting risks and threats. The economic security of a region is not limited to protection against threats. It is a dynamic process to achieve ambitious goals that guarantee stability and prosperity. Some of the critical aspects of this process are a synergy between the state and the market, protection and development, economic independence, environmental management, standard rules of the game, and a favorable climate for prosperity, innovation, and competitiveness. Prospects. The achievement of these goals makes the economic security of the region not just a protective mechanism but also a powerful driver of development that guarantees prosperity and stability for its residents.