Summary 

In the modern world economy, the level of development of the national economy is unimaginable without integration into the global economic space, which puts all countries on new challenges. The work deals with the peculiarities and difficulties of transition to the market economy in the post-soviet countries. Although nearly 30 years have passed, this transformation model is not yet developed. The paper describes methods of transition to the market economy. Experiences of other countries are presented on this path, such as the achievements of Croatia - a small country like ours, which in the 90s was very damaged, but despite this it was able to step up and become a member of the EU; It is called innovative economy of the modern economy is called because it is impossible to reach sustainable economic development without innovations. As great the challenges are, more are threats, so economic security is directly related to the stable development of the country and the strengthening of statehood. The economic security is influenced by internal and external factors which are of great importance for the economic development of the country. Economic security strategy developed in all advanced countries. The country has achieved significant success in the field of tourism, but the government has implemented a number of useful projects in terms of economic development. The Universal Free Health Care saved the lives of many people; The government has adopted the law for the development and rehabilitation of high mountainous regions; The project of universal Internetization is funded by `Cartu~ Foundation. TechnoPark has been opened in the Kakheti region; Georgia has a triumph at the Frankfurt Book Fair, which has increased the international rating and recognition of our country. It is necessary to support the education and science on behalf of government, since the XXI century is a century of knowledge, and the development of innovative economics is impossible without education, knowledge and science.