Conditions for deepening the process of globalization in the world increased the need in formation and development of translator’s professional competences through linguistic and extralinguistic competences. In light of the processes occurring in pronunciation, grammatical structure, and the content of vocabulary in the English language, a special emphasis is placed on attaining proficiency in both the source language and the target language to the highest possible level. This is complemented by a commitment to pursuing in-depth research on international standards, programs, the culture of the source language and the target language, the mentality of the language users, recent scientific and technological advances, and innovative ideas within the respective field. In the world practice the integral approach to formation of professional competences of the translator, technical skills, language acquirence, improving the terminology and terminography, evaluating translator’s competence, achieving the conformity of words in two different cultures in the translation process, creating the system of correctional exercises to avoid typical mistakes are of significant importance. From this point of view it is necessary to develop professional competence of the translator introducing materials into curricula and syllabus of educational institutions training translators, which serve for the development of competences by forming linguistic, sociolinguistic and pragmatic competences, as well as the cross-cultural communication competences, preparation of qualified translators and widening the practice of translation.