Financial freedom to a number of Higher Education Institutions

On December 24, Presidential Decree “On measures to provide financial freedom to state Higher Education Institutions” has been adopted.

From January 1, 2022, the state financially independent universities will make independent decisions on:

• setting and extending the contract value, payment terms;

• involving local and foreign professors and specialists on a contract basis;

• allocating scholarships and grants for students at their own expense;

• purchasing directly foreign educational and scientific literature, textbooks, manuals;

• providing paid services in vacant buildings and structures;

• setting annual traffic limits and maintenance requirements for vehicles.

Furthermore, online monitoring of public university expenditures will be provided for internal audit and financial control services.