diff --git a/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api.pyx b/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api.pyx
index b777218000e..b259a57c278 100644
--- a/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api.pyx
+++ b/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api.pyx
@@ -1011,6 +1011,22 @@ cdef class ExecutableNetwork:
     def get_config(self, config_name: str):
         return deref(self.impl).getConfig(config_name.encode())
 
+    ## Sets configuration for current executable network.
+    #
+    #  @param config: a dictionary of configuration parameters as keys and their values
+    #  @return None
+    #
+    #  Usage example:\n
+    #  ```python
+    #  ie = IECore()
+    #  net = ie.read_network(model=path_to_xml_file, weights=path_to_bin_file)
+    #  exec_net = ie.load_network(net, "GNA")
+    #  config = exec_net.set_config({"DEVICE_MODE" : "GNA_SW_EXACT"})
+    #  ```
+    def set_config(self, config: dict):
+        cdef map[string, string] c_config = dict_to_c_map(config)
+        deref(self.impl).setConfig(c_config)
+
     ## Exports the current executable network.
     #  @param model_file Full path to the target exported file location
     #  @return None
diff --git a/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl.cpp b/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl.cpp
index d77671f9497..9ec099ff59f 100644
--- a/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl.cpp
+++ b/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl.cpp
@@ -358,6 +358,14 @@ PyObject* InferenceEnginePython::IEExecNetwork::getConfig(const std::string& nam
     return parse_parameter(actual->GetConfig(name));
 }
 
+void InferenceEnginePython::IEExecNetwork::setConfig(const std::map<std::string, std::string>& config) {
+    std::map<std::string, InferenceEngine::Parameter> newConfig;
+    for (const auto& item : config) {
+        newConfig[item.first] = InferenceEngine::Parameter(item.second);
+    }
+    actual->SetConfig(newConfig);
+}
+
 void InferenceEnginePython::IEExecNetwork::exportNetwork(const std::string& model_file) {
     actual->Export(model_file);
 }
diff --git a/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl.hpp b/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl.hpp
index 48fc2fd9c9a..588c316a849 100644
--- a/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl.hpp
+++ b/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl.hpp
@@ -146,6 +146,7 @@ struct IEExecNetwork {
 
     PyObject* getMetric(const std::string& metric_name);
     PyObject* getConfig(const std::string& name);
+    void setConfig(const std::map<std::string, std::string>& config);
 
     int wait(int num_requests, int64_t timeout);
     int getIdleRequestId();
diff --git a/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl_defs.pxd b/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl_defs.pxd
index 502d7b3909e..3a09a7dfaa2 100644
--- a/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl_defs.pxd
+++ b/inference-engine/ie_bridges/python/src/openvino/inference_engine/ie_api_impl_defs.pxd
@@ -161,6 +161,7 @@ cdef extern from "ie_api_impl.hpp" namespace "InferenceEnginePython":
         void exportNetwork(const string & model_file) except +
         object getMetric(const string & metric_name) except +
         object getConfig(const string & metric_name) except +
+        void setConfig(const map[string, string]& config) except +
         int wait(int num_requests, int64_t timeout) nogil
         int getIdleRequestId()
         shared_ptr[CExecutableNetwork] getPluginLink() except +
diff --git a/inference-engine/ie_bridges/python/tests/test_ExecutableNetwork.py b/inference-engine/ie_bridges/python/tests/test_ExecutableNetwork.py
index 3b03b0339f1..b48fb2d9c82 100644
--- a/inference-engine/ie_bridges/python/tests/test_ExecutableNetwork.py
+++ b/inference-engine/ie_bridges/python/tests/test_ExecutableNetwork.py
@@ -309,6 +309,19 @@ def test_get_config(device):
     assert config == "NO"
 
 
+@pytest.mark.skipif(os.environ.get("TEST_DEVICE", "CPU") != "GNA", reason="Device dependent test")
+def test_set_config(device):
+    ie_core = ie.IECore()
+    net = ie_core.read_network(model=test_net_xml, weights=test_net_bin)
+    exec_net = ie_core.load_network(net, device)
+    exec_net.set_config({"DEVICE_MODE" : "GNA_HW"})
+    parameter = exec_net.get_config("DEVICE_MODE")
+    assert parameter == "GNA_HW"
+    exec_net.set_config({"DEVICE_MODE" : "GNA_SW_EXACT"})
+    parameter = exec_net.get_config("DEVICE_MODE")
+    assert parameter == "GNA_SW_EXACT"
+
+
 # issue 28996
 # checks that objects can deallocate in this order, if not - segfault happends
 def test_input_info_deallocation(device):