Issues of state governance & state regulation transformation in the sphere of economy

The article reveals special issues, general conditions and tools for transformation of the system of state governance and state regulation in the sphere of economy in Ukraine. Here`s been discussed scientific approaches to understanding correlation between the categories of state governance and state regulation in the sphere of economy. Here`s been substantiated the concluding provision, stating the necessity to use foremost state regulation tools and methods in the sphere of economy while establishing market conditions in Ukraine, that does not exclude, in special cases and situations, using impact of administrative methods. Author has defined detailed proposals and recommendations regarding the mainstreams and approaches for modernization of legal support to the system of state governance & regulation in the sphere of economy.