The author asserts that Ukraine is currently witness to a social revolution. It has started after the Orange Revolution and compensates for the incompleteness of privatization. It consists in a gradual but increasing pressure of the masses on the new owners and authorities. In opposition to «soft» methods of privatization, the economically active population has found «soft» methods of income growth by increasing demands of the employers and politicians and ignoring the uncomplying ones. The latter ones are forced to accelerate the employees’ income growth, thus bringing changes to the structure of population’s spending, expanding their participation in the recreation industry and increasing their access to benefits of civilization.

Key words:
Gross domestic product, wages, recreation industry, privatization, luxury, social revolution, social justice.

The paper investigates the theoretical and practical aspects of the innovation activity in Ukraine in the context of international science and technology (S&T) cooperation.

Key words:
Innovation development, scientific-technological progress, technology transfer, innovation activity of the country, innovation system, international scientific-technological cooperation, external turnover.

For a country which takes transit geopolitical position between the West and the East, the participation in international integration processes is inevitable. In case with Ukraine, such participation will allow a country to ensure economic development and income growth. Membership in the European Union is a main step for transformation and stabilization of the Ukrainian economic development, income growth and life standard increase. Taking into account a substantial difference in the development of EU-15 and EU-10+2 (new EU members), which means income growth and convergence in the long term due to different approaches, for Ukraine it follows that an individual approach to socio-economic development should be taken. Membership in the European Union will be topical in the context of economic development and convergence with the economy of the European Community.

Key words:
Convergence, employment growth, gross national savings, international integration processes, labour productivity, net migration, real income growth, risk of poverty, real wages, socio-economic transformation, total consumption spending.

Key words:
Economic Growth, Civil War, Iraq.

The paper examines some measures introduced in the tax system reform in Slovenia, as an example of a new EU member state. In the analysis we focus on the personal income tax. We analyze recent data for Slovenia and selected EU member states. In this context, we also discuss the question of flat tax rate suitability. Based on the presented simulation, we can conclude that the tax burden wasn’t diminished significantly. We believe that additional reforms are needed.

Key words:
Tax reform, fiscal sustainability, personal income tax.

The paper studies the topical problems of corporate governance in Ukrainian banking area. The notion of corporate governance and its role in banking business is defined. The state of corporate governance in the banks of Ukraine is analyzed. The necessity is substantiated to develop national principles of corporate governance in banking organizations, also to create the mechanism for risk rating related to poor corporate governance.

Key words:
Corporate governance, banking area, national principles of corporate governance, mechanism for risk rating, poor corporate governance.

It is proved that in Ukraine fiscal efficiency of taxation by means of gradual unshadowing of economic relations, contraction of contribution rates to state social funds and implementation of efficient privilege tax mechanisms, promotion of investment activity activation for all without exceptions market subjects can create favourable tax environment management without substantial decrease of current budget income and, what is very important, to insure acceleration of reproducing processes with further more strengthening of tax potential. In case of moderate extension of practice of state borrowing, Ukraine will have additional possibilities of moving of maximum of financial resources to «points» of economic growth with the help of budget financing of investments in economic development and measures of transformation direction without danger of destabilization of functioning of state finance in perspective.

Key words:
Fiscal policy, fiscal managing, Fiscal expansion, taxation, tax inpayments, financing of budget expenditures, budget deficit, state loan, economicinstitutional environment of fiscal transformations.