In 1972, he graduated from the Faculty of Technology of Kyiv Institute of Trade and Economics as engineer. He defended his doctoral thesis Development and structural reorientation of commodity circulation sphere as a factor of economic growth. Between 1972 and 1975 he worked as junior researcher at the Ukrainian Research Institute of Trade and Catering Ministry of Trade the USSR. In 1975–1984 he held the position of senior engineer, junior researcher, senior researcher at the Council for the Study productive forces of the USSR ANU. In 1984–1987 was Deputy Director of Research of the National Institute of Design and Technology Trade Ministry of Trade of the USSR. In 1987–1988 he worked as Deputy Director General of NGO "Torhprohres" the Ministry of Trade of the USSR. In 1988–1991, respectively – scientific secretary, assistant professor of economics trade, Dean of the Faculty of Commerce and Economics, Vice-Chancellor of the Kyiv Institute of Trade and Economics. Since 1991 he has named as rector of that Institute/University. Chairman of the specialized council on Trade and Management SAC Ukraine, head of scientific-methodical commission on trade specialties Ministry of Education and Science of Ukraine, academician of the Ukrainian Academy of Sciences for National Progress, Ukrainian Academy original ideas, a member of the New York Academy of Sciences, the International Academy of Higher Education. The Scientific Council of KNUTE through its resolution on 24 February 2010 awarded Mazaraki by title of "Honorary Professor of KNUTE", for his exceptional personal contribution to the development of the university, enhance its credibility in scientific community and for his training of highly qualified specialists of teaching staff.
Family
His wife Irina is an economist; daughter Nataliya is associate professor of the Department of Commercial Law of KNUTE.
Awards and honors
Order of Prince Yaroslav the Wise V Class – for personal contribution to nation-building, socio-economic, scientific-technical, cultural and educational development of Ukraine, significant employment gains and professionalism.
Order of MeritI Class – for his outstanding contribution to the development of national education, many years of fruitful pedagogical and scientific activities on the occasion of the Day of Education.
Order of Merit II Class – for his outstanding contribution to the development of national education, training highly qualified specialists, many years of fruitful scientific and pedagogical activity.
Order of Merit III Class – for outstanding achievements in work, professionalism.
Honored Scientist of Ukraine – for his significant contribution to the development of national education, new teaching methods and education of youth.