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Innvation approach in education is gaining popularity nowadays. The aim of the publication is to report the genesis of the term "innovation"; to find out the peculiarities and interrelations on the terms "novelty", "innovation", "new development"; to present a detailed description of the key components of tearchers' readiness to apply innovation technologies on foreign language lessons; to single out and characterize the signs and levels of teachers' readiness to perform the mentioned activity.