President of Ukraine Petro Poroshenko has signed law "On higher education" that was earlier adopted by the Verkhovna Rada of Ukraine, Ukrainian Education and Science Minister Serhiy Kvit wrote on his Facebook page on Thursday night.

As reported, on July 1, the Verkhovna Rada of Ukraine adopted a new edition of the law "On higher education." A total of 276 MPs voted in favor of the law out of 337 registered in the session hall of the parliament.

The law sets principles and means of realization of state policy on higher education, higher education levels and degrees, higher education administrative agencies and their authority, standards of education, licensing procedures for higher education establishments, and accreditation procedures for specialties, as well as foundations for creating a unified state electronic database on education issues.

According to the law, accreditation levels of higher education establishments will be eliminated, academic and first scientific degree – the Doctor of Philosophy will be implemented, and National Agency on Higher Education Quality and independent agencies for assessment and ensuring higher education quality will be created.

The law foresees measures of students' social protection, additional measures for scientific work of higher education establishments and possibility to involve business' assets for higher education development.

According to the law, the universities are allowed to work with intangible assets in the form of intellectual property and create networks of regional research universities.