The purpose of the research - is current problems and the prospects of improvement of a business environment in the conditions of global economic challenges. The factors causing improvement of a business environment and their feature are analyzed for this purpose. Approaches to problems of improvement of a business environment and development of business in the conditions of global challenges are considered. The principles of activity and the main mechanisms connected with functions and a role of business are investigated. Important conditions and criteria of appeal of a business environment are improved too. Problems of appeal of a business environment in development of business in the conditions of market economy are considered.

The methodology of the research - the system and comparative analysis of definition of methodological approaches and ways on current problems and the prospects of improvement of a business environment in the conditions of global economic challenges, scientific views and works of different researchers, scientists, experts and author's approaches.

The practical importance of the research – results and material of a research can be used in the solution of current problems of improvement of a business environment in the conditions of global economic challenges, in preparation of the concept and strategy, complex actions, state programs, including, education guidances and textbooks.

The results of the research – conceptual approaches, recommendations and offers on current problems and the prospects of improvement of a business environment in the conditions of global economic challenges are prepared.

The originality and scientific novelty of the research - works and approaches of different researchers with addition of an author's opinion are considered in research. Importance of strategic aspects of strengthening of cooperation between subjects of the public and private authorities in elimination of the barriers interfering business development is improved. The essence is disclosed and the applied measures in the direction of improvement of a business environment in the country are considered. Mechanisms of activity of subjects of business in the context of appeal of a business environment are analyzed and systematized.

Keywords: global economic challenges, business environment, influence of a business environment to economy, strategic aspects of a business environment, current problems of a business environment, prospect of development of business, direction of improvement of a business environment.