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The applicants for a personal scholarship should:

– successfully complete at least two years of study;
have high academic performance indicators (excellent study);
– actively participate in public and research activities;
– have achievements in international, national festivals and competitions (for students of educational institutions in the ‘Art and Culture’).

It should be noted that students who are citizens of the Republic of Kazakhstan are allowed to participate in the competition.

The competition is held in two stages:

• Round 1 is at the premises of an educational institution, during which the best students are selected for a scholarship nomination;
• The 2nd round is held by the Foundation among students nominated by educational institutions and admitted to participating in the competition.

Additionally, students who study both free of charge and on a paid basis are eligible to apply for a scholarship.

The scholarship of the Nursultan Nazarbayev Foundation is determined for one academic year and is paid on a monthly basis only for the period of study (two semesters), excluding the summer period.

To participate in the 1st round, it is necessary to submit the following documents to the Room 238 until July 30, 2021:

1) a transcript confirming high academic performance;
2) copies of documents confirming the applicant’s participation and achievements at conferences, subject olympiads and competitions, including:

– a list of research papers published by the applicant (individually or in co-authorship);
– a list of speech topics at scientific conferences, symposiums, indicating their place and time;
– documents confirming the applicant’s victories in international and national subject olympiads, scientific and creative competitions;

3) a copy of the identity card.

For all questions, please contact: 8 (7172) 70-30-30 internal number 1199, Anelya Yerlanovna.

[Nur-Sultan, 9 June 2021]

Higher School of Economics M. Narikbayev KAZGUU University has become the latest university to be welcomed into the CFA Institute University Affiliation Program. Master of Science in Finance has been acknowledged as incorporating at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK) and placing emphasis on the CFA Institute Code of Ethics and Standards of Professional Conduct within the program. This program positions students well to obtain the Chartered Financial Analyst (CFA®) charter, which has become the most respected and recognized investment credential in the world. Entry into the CFA Institute University Affiliation Program signals to potential students, employers, and the marketplace that KAZGUU curriculum is closely tied to professional practice and is well-suited to preparing students to sit for the CFA examinations. Through participation in this program, Higher School of Economics M. Narikbayev KAZGUU University is eligible to receive a limited number of CFA Program Student Scholarships each year.

The Master in Finance program is a combination of in-depth study of quantitative methods with a practical solution of business tasks. The program prepares for a wide range of financial services that require analytical severity and the ability to market innovative challenges.

Curriculum provides rigorous academic content that is coupled with the current practice will prepare the most demanded professionals in the field.

Master of Science in Finance is the only academic program welcomed into the CFA Institute University Affiliation Program and recognized by GARP as an Academic Partner in Kazakhstan.

Dr Saule Kemelbayeva, Dean of Higher of School of Economics, says:

“We are extremely proud and happy to announce that our Master of Science in Finance program is now recognized under the CFA Institute® University Affiliation Program. So far, we have been the first and the only university in Kazakhstan recognized as an affiliated university under the CFA Institute University Affiliation Program (UAP) for an undergraduate level; now we are the only one in Central Asia for both Master and Bachelor levels. Our university now appears at the CFA Institute® webpage among the best universities across the world ensuring excellence of our Finance program at the international level. Financial markets and intermediaries are a very fast developing and promising industry in Kazakhstan and the region; therefore, we believe that the future graduates of our Finance programs will be highly demanded by local labor markets and will pursue successful careers. Moreover, one of the most prestigious professional certifications in the world will make them competitive in the international labor market as well. And this would become possible for the best-achieving students within the CFA exam scholarship.”

About CFA Institute

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 160,000 CFA charterholders worldwide in 164 markets. CFA Institute has nine offices worldwide and there are 161 local societies. For more information, visit or follow us on Twitter at @CFAInstitute and on

About the CFA Program

The CFA Program sets a standard for developing the skills, standards, competence, and integrity of financial analysts, portfolio managers, investment advisers, and other investment professionals worldwide. It is widely considered the investment profession’s most rigorous credentialing program. Administered in English, the CFA curriculum and examinations are identical worldwide. Fewer than one in five candidates who begin the program successfully complete it and go on to earn the coveted CFA charter, the “gold standard” for investment professionals.

On June 4, 2021, Professor George Bermann gave a lecture on the topic of investor-state dispute settlement before students of KAZGUU University. In his lecture, he covered the main areas of investment arbitration, procedures and substantive protections offered by international investment agreements.

Professor Bermann is the director of the Center for International Commercial & Investment Arbitration at Columbia Law School, a world-renowned authority on comparative law, EU law, international trade contracts, WTO dispute resolution, and transnational litigation and arbitration. For more than four decades, he has been an active international arbitrator in commercial and investment disputes in all sectors, including general commercial contract, construction, intellectual property, energy, oil and gas, competition law, transportation, and employment.

Prof. Bermann drew comparisons between investment arbitration and commercial arbitration. He noted that investments disputes are based on an international investment agreement (e.g. a bilateral investment treaty), which required consent of the State. He described ICSID, as a specialized institution to hear only investment disputes. He noted that over 60% of investor-state claims are brought before ICSID.

On substantive investor protections, Prof. Bermann discussed a number of rights, including:

    1. National Treatment: where a foreign investor must be treated the same as a domestic investor.
    2. Most-Favoured-Nation Treatment: where an investor must be treated the same as that of a foreign investor of a different state.
    3. Expropriation: where there is a taking by the State, that an investor is entitled to the payment of full, adequate and effective compensation. He explained the difference between direct (loss of the entire investment) and indirect expropriation (substantial deprivation of the investment).
    4. Fair and Equitable Treatment: the guarantee of fair and equitable treatment. Prof. Bermann prefaced this protection by noting its application on a case-by-case. This saw its critique as an inconsistently applied type of protection. Prof. Bermann noted the concept has developed through arbitral awards, that the notion of ‘unfair’ and ‘inequitable’ treatment has been defined. He referred to specific examples, including proportionality (did the government regulate the matter excessively, and it take more than required measures to achieve its objective); legitimate expectations (did the government give an assurance at the time of investment, that have since been broken, and now can be relied upon).
    5. Full Protection and Security: where an investor is protected from harassment, violence and any physical harm.

Prof. Bermann described the whole arbitral process: choosing a seat (the ‘geographical home’) of the arbitration; selecting arbitral tribunal; hearings; rendering an award. Then he explained the process of enforcing an award. This means, in the context of investment arbitration, to go to a court where the State has assets, and then to obtain an order to enforce against the property of that State. Prof. Bermann noted that enforcement would usually take place under the New York Convention.

Prof Bermann closed his lecture with a final note that the investor-state dispute settlement system is open to serious critique, of which is being addressed and reformed. He described the issue to involve the centralization of power amongst three private individuals (the tribunal), whom had substantive power to dispose with the economic interests of a country. He noted the system to contain no appeal on the merits, and that states, substantively, are concerned with their right to regulate for the public interest.

The lecture then finished with questions and answers. The university students posed insightful questions, reflective of their understanding of investor-state dispute settlement. This included, on recent trends in investment agreement negotiation practices, scrutiny of an arbitral award, anti-suit injunctions, investment courts and umbrella clauses.


HSE welcome you to the online summer school on the comparative regionalism. This event will be hosted by the Post-graduate School, Airlangga University, Indonesia in collaboration with United Nations University Institute Comparative Regional Integration Studies (UNU-CRIS), Belgium and Higher School of Economics of M. Narikbayev KAZGUU University, Kazakhstan on 21-25 June 2021.

The main objective of The Online Summer School on Comparative Regionalism in The Changing World is to expose participants to the field of research on comparative regionalism in global arena in the context of emerging powers and shifting political/economic balances.

Participants will be introduced to major cases and main theoretical and methodological frameworks used in comparative regionalism studies.

Participants will receive a certificate of completion signed by organizing entities

The summer school will bring together students from the world with accomplished scholars of comparative regionalism

Follow the link to learn more:

The Higher School of Economics and The Political Economy Research Center of the M. Narikbayev KazGUU University is delighted to announce this call for submissions to the competitive award which seeks to recognize outstanding work of talented students who will join a Research Mentorship Program that aims to develop the young research community. It aims to encourage bright and gifted future researchers to continue the tradition of academic excellence and critical thought in academia.

The successful candidate (First Prize Winner) will be awarded a scholarship to study for Master’s degree (MS in Economics or MS in Finance) offered by HSE. The scholarship covers tuition fee and housing expenses for those living outside of Nur-Sultan city. In addition, during your study at the HSE and as a First Prize Winner you will be offered a paid job at the University (as teaching/research assistant). After successful graduation in the Master’s programme, you will be offered a placement at the University with competitive salary and will have to work at the University at least one year. During this time under the Research Mentorship Program you will have an academic mentor who will help you with application for the Doctoral level study if you decide to pursue a career in academia.

Second, Third and Forth Prize Winners will be awarded a certificate for participation in the contest. In addition, your contribution to the competition will be taken into account by the Academic Committee of the HSE when you submit your graduation dissertation.

Eligibility: The prize is open to third- and forth-year students of the Higher School of Economics. You need to write in English an essay of your choice on the topic broadly related to socio-economic/economics, political economy and finance issues within the field of expertise of the HSE professors (please, familiarize yourself with their research interests on the HSE website – The length of an essay (12 Times Roman, 1.5-line spaced) is between 1000-2000 words and deal with, for example, the following topics:

• financial market instability and measures to regulate financial markets
• the scope of monetary policy in the face of asset price bubbles and intensified currency competition
• problems of fiscal, trade and industrial policy
• labour relations
• alternatives to austerity and privatization
• political economy of digitalization and platform capitalism
• issues and approaches in feminist economics/the care economy
• consequences of global warming and problems of a social and ecological transformation
• Eurasian Union
• economic and social consequences of the Covid-19 pandemic
• etc.

The Organizing Committee of the HSE will select the best five essays. The Finalists will then have to present their work in a 5-10 minutes presentation format where the First Prize Winner will be selected.

Deadlines: please submit your essay by 15 May 2021 to Dr. Kuat Akizhanov via email,

Strengthen your personal and professional competitiveness by academic excellence and gaining transferable skills! This is your chance to improve your employability through astonishing CV!

Do not miss it!

following the webinar “How to address the problem of predatory publications?”

Phenomenon of predatory publications is increasingly a major problem in academia. It decreases quality of science and research, misleads researchers, destroys reputation of Universities and harms public policies supporting research and innovation. Problem of predatory publishing is becoming acute in Kazakhstan and other CIS countries. According to a recent article “Predatory publishing in Scopus: evidence on cross-country differences”, published in Scientometrics journal in February 2021, Kazakhstan was the most affected country by predatory publications in journals indexed in Scopus in years 2015-2017. Every sixth article published by authors affiliated with Kazakhstani Universities appeared in journals which were later identified as predatory and discontinued from Scopus database (Vít Macháček & Martin Srholec, 2021).

Higher School of Economics of M. Narikbayev KAZGUU University hosted an online ‘Let’s Talk Research’ seminar with topic “How to address the problem of predatory publications?” on 1 March 2021. Dr. Martin Srholec (Deputy Director of Center for Economic Research and Graduate Education – Economics Institute of Charles University and the Economics Institute of the Czech Academy of Sciences), Dr Bulat Kenessov (Director of Center of Physicochemical Methods of Research and Analysis and Professor of Al-Farabi Kazakh National University) and Dr. Ikboljon Qoraboyev (Associate Professor of International Relations of Higher School of Economics of M. Narikbayev KAZGUU University) explained different aspects of the problem of predatory publishing and discussed best ways and strategies to address this problem. Speeches were followed by an interesting session of Q&A. More than 100 participants from different Kazakhstani and foreign Universities took part in the webinar.

Dr. Martin Srholec underlined that phenomenon of predatory publications is a global problem for academia today and there is a need for a collaborative action against predatory publishing which must bring together higher education policy makers, Universities and scholars. He proposed four broad recommendations to fight predatory publishing: 1) Governance and evaluation of research must be conducted at various levels, it shouldn’t be limited to bibliometric indicators alone. Evaluators must also scrutinize content of publications; 2) Journals must promote open peer review policies. Publishers must render open and transparent their peer review processes; 3) We must promote authors awareness of editorial practices of journals in which they publish. Websites like can be useful for authors to check journals’ standing with respect to publishing integrity; 4) Scopus (and other citation databases) must improve their content selection criteria and they must strengthen their efforts to curb predatory content.

Dr. Bulat Kenessov discussed efforts to fight predatory publications in Kazakhstan. He underlined that Kazakhstan has implemented a set of measures to reduce number of predatory publications by authors from Kazakhstan. As a result of these measures, share of publications of Kazakhstani authors in journals which were discontinued in Scopus fell down from 38.4% (1st place) in 2016 to 10.9% (5th place) in 2020. However, he noted that this situation is still unsatisfactory and Kazakhstan must target to bring down share of predatory publications to 1% in order to reach level of advanced countries. He also explained how to detect predatory journals and formulated several recommendations to improve further situation in Kazakhstan which include measures like strengthening qualitative indicators for publications required for academic degrees and positions, to remove Scopus publication requirement for social sciences and humanities and to introduce rigorous peer review of PhD theses by external experts in order to advance to PhD defense instead of Scopus publications in the field of social sciences and humanities.

Dr. Ikboljon Qoraboyev explained that phenomenon of predatory publications is taking oversized form in post-Soviet countries. He highlighted four major levels which explain why authors publish low-quality articles in predatory and suspicious journals. These factors are related to policy level, institutional level, individual level and market level. As a result of these factors, researchers and decision-makers are too much focused on the product aspect of publishing and they are ignoring process aspects of publishing. Academic publishing is not only about the end result which is publication, it is also about following essential rules of the process of publishing which includes important stages like peer-review, getting feedback from senior colleagues, respecting rules of ethics and academic integrity when preparing article drafts, theoretical conversations among scholars in scientific fields, producing valuable publications for academic community and society as a whole. Pressure to publish a high number of publications in short time is leading researchers to ignore these important steps of the process of preparing academic articles. There is a need to strengthen process-focused approach to publishing in order to reduce problem of predatory publications. For this, public agencies and Universities must provide more training and support to researchers.

Dr. Bulat Kenessov articulated a set of specific recommendations for Kazakhstan’s scientific and research context that shaped the framework for this resolution:

1) all regulations should state that articles in journals that are no longer indexed by the Scopus database shall not considered for evaluation purposes;
2) allow dissertation, expert, national research and other councils not to consider articles in journals of a questionable quality;
3) recommend contacting Scopus and Web of Science in case of doubts about the quality of indexed journals, in which the number of publications by authors from Kazakhstan has sharply increased;
4) toughen regulations regarding the requirements on journals from the Scopus database (for example, the requirement SJR> 0.3 allows to effectively cut off most of the questionable journals), or exclude the Scopus database in certain areas (for example, in the natural sciences Science Citation Index Expanded by WoS is more relevant);
5) publicly funded research grants regulations should allow payment for the open access publications (Article Processing Charges) only directly to the publisher (and not to intermediaries);
6) Universities and research institutes shall not pay bonuses for and take into account in academic rankings the articles published in questionable journals. They must also strengthen control over the compliance with the principles of academic ethics;
7) universities not providing sufficient quality control over their academic research should not be allowed to participate in the government funding for doctoral studies;
8) incorporate quality of academic publications into the KPIs of heads of public universities and research institutes;
9) in humanities and social sciences, article publication requirement can be replaced by requirement to provide independent and rigorous examination of PhD dissertation by two external reviewers in order to proceed with PhD defense;
10) conduct research to identify questionable journals, publish their lists and not consider publications in them;
11) conduct trainings for researchers on selection of academic journals, academic writing and research methodology, as well as research ethics;
12) motivate scholars to publish in better quality journals (especially Q1 WoS or Arts and Humanities Citation Index);
13) reconsider and readjust scientometric indicators in the relevant policy documents.

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