Modern realities cause new challenges to education – on the one hand, the course of integration into the European educational space and the implementation of relevant reforms remains unchanged, on the other hand – the realities of the full-scale invasion of russia on the territory of Ukraine make significant adjustments to the development and transformation of the higher education system of Ukraine. The purpose of the article is to find out the specifics of the implementation of the main principles of the Bologna Process in Ukrainian institutions of higher education in today’s conditions. The authors of the article investigated the main stages of the formation of the European educational space, defined the basic principles of its functioning. An analysis of the implementation of the provisions of the Bologna Process in the educational process was carried out on the example of the activities of Ukrainian institutions of higher education. Conclusions. Modernization of the educational activities of Ukrainian higher education institutions in the context of the European integration of higher education of Ukraine involves, on the one hand, the implementation of the main principles of the Bologna Declaration, on the other hand, taking into account the socio-cultural context of modern Ukrainian sosiety. Constant updating of knowledge, technologies, teaching tools, organizational and management approaches is an integral component of the qualitative modernization of the education system and its development as the basis of self-reproduction and self-organization of society. A key role in Ukraine’s entry into the global space is played by institutions of higher education capable of adequately responding to the challenges of the times and establishing themselves as national scientific and educational centers of the European and world level. Key words: Bologna process, European educational space, globalization, integration, modernization, Penitentiary Academy of Ukraine, Chernihiv Polytechnic National University.