This is a paper written by dr. Nikolce Acevski from the Ministry of Education and Science in the year 2001. He first presents present situation in Higher Education in FYRoM: legislative framework, financing of HE and institutional financing management, the structure of the system, curricula, teaching and learning, norms and standards for establishment of HEI, regulations concerning financing and the budget, quality assurance and study programs development, Macedonian National Informative Centre. Furthermore, the strategy framework for the implementation of the Bologna declaration is also presented.