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Government policy issues and approaches of improvement innovative entrepreneurship are considered in the paper. Elements of policy intervention on innovative entrepreneurship were described. The way firm innovate and the nature of their contributions to innovation varies and depends critically on firm characteristics and the conditions they face to engage in innovation. The “technology push” and “market pull” models provide two perspectives on firm innovation. Innovation output may differ along the several dimensions, including the type of innovation and the impact of innovation. Innovation can play a critical role in addressing socio-economic objectives, which are affected by the following factors: economic growth and employment, environmental challenges, social challenges. Innovative entrepreneurship can contribute to socio-economic challenges by formalizing the informal sector. The main policy approaches to address challenges associated to policy intervention for innovative entrepreneurship deal with: institutional governance, strategy and coherence of policies, policy-making contexts for innovative entrepreneurship. Achieving coherence and balance in the set of policies affecting innovative entrepreneurship, and coordinating the various actors involved in these policies have, consequently, become increasingly important for policy efficiency. Specific rationales for public policies: access to finance, access to knowledge, access to labor, entrepreneurial capabilities and culture, market development and access, regulatory framework. Access to finance is a key driver in the creation, survival and growth of innovative new ventures. Within the context of innovative entrepreneurship, public policy can in the following ways: debt financing, venture capital, business angels, private sources of funding. Access to debt financing is a critical issue for innovative businesses. It allows them to finance their growth, meet working capital requirements and invest in innovation. Relevant to innovative entrepreneurs are alternative types of loans, such as convertible and subordinated loans. Convertible loans give lenders the right to convert credit into an equity participation in the company, whereas subordinated loans are junior forms of debt that, in case of insolvency, have lower priority than senior debt (e.g. asset-based lending). They are riskier but pay higher interest rates.

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The paper presents an analysis of foreign economic activities, which are one of the key components of life of any country. A lot depends on its results, starting from the balance of payments of the state, ending with the assessment of the quality of life of the population. Poor balance of payments leads to the need to borrow money, resulting in growing public debt. The main indicators of exports and imports have been analyzed, their forecast values for the future period have been determined. It has been proven that one of the key tasks of the government should be a systematic review of foreign trade policy. The efficiency of international trade is one of the main indicators that characterize the level of development of the state, as it affects all macroeconomic indicators and allows increasing the efficiency of resource use through the production of goods in the production of which the country has competitive advantages. However, unfortunately, the efficiency of Ukrainian foreign trade is very low. The analysis showed that the trade turnover with the CIS countries, Europe and the Asian region is growing every year, and the gap between imports and exports continues to widen, which may lead to an increase in the trade imbalance in the future. The trade deficit is an established tradition for Ukraine as a state throughout its history. The constant deficit in trade in goods leads to the loss of financial stability of the state and the need to constantly attract additional resources from other areas of activity to cover the trade deficit, which in turn leads to a slowdown in economic growth. Thus, within the system of agreements of the World Trade Organization there is a huge arsenal of tools and mechanisms for trade policy. To overcome systemic imbalances in foreign trade, trade procedures need to be simplified, as well as customs tariff commitments for Ukraine. The country’s foreign economic activity is one of the main directions of development of many modern countries, the source of goods, the production of which is impossible within the country, as well as income from export-import operations for many countries where for some reason there are no production processes. . Due to Ukraine’s strategy to become a full member of international cooperation and trade, to establish economic cooperation with foreign partners, the volume of foreign economic transactions has increased significantly in recent years.