Dear professors, dear students, dear colleagues, welcome to our second webinar in a series

on the Ukrainian economy during the war, organized by the School of Business, Economics and

Society of the Friedrich-Alexander Universität Erlangen-Nürburg and the FAU Pact for Ukraine

project with close collaboration with Ukrainian universities.

Today we will have two presentations and you will be hearing a presentation on the management

of Ukrainian firms under the condition of war from Dr. Andriy Kotlik, Simon Kuznetz

Kharkiv National University of Economics.

And also we will have the second presentation, implications of the war against Ukraine for

German firms in Ukraine and Russia, with special accent on sanction effects from Professor

Dr. Dirk Hohlbrüge from the Friedrich-Alexander Universität Erlangen-Nürburg and Laura Christy.

So, dear colleagues, we can start.

Dr. Andriy Kotlik, the floor is yours.

Thank you.

Thank you very much.

So good afternoon, dear colleagues.

So let me start my presentation.

Just a moment.

Please can you see it?

Great, great.

Thank you.

So the topic of my research is, of my report, yes, is management of Ukrainian firms under

the conditions of war.

And the logics of my today's report is quite simple.

So first I will tell about the starting position.

So which main features, let's say, and trends we could observe in Ukrainian management before

the war, which shaped reaction of, let's say, managerial reaction on the war.

The next, the second point is the challenges that appeared during the war.

So those Ukrainian management should deal with.

And actually the third is how actually Ukrainian management deals with those challenges and

what changes in management of Ukrainian firms appeared, yes, during the war.

So let's start.

And of course, management of Ukrainian firms has a lot of common with management of other

firms on the globe.

So the main principles, tools used are more or less the same.

But I want to highlight some important issues about it that we were having before the war.

So the first issue is high adaptability.

I can say that Ukrainian economy and Ukrainian business suffered from several deep crisis

after the very beginning of the existence of Ukraine as an independent state after the

Soviet Union collapse.

So for example, from 1991 till 1999, Ukraine's real GDP dropped in two and a half times.

So from, let's say, 100 percent to 40 percent only in 1991.

And it was deep and long lasting economic and social crisis.

But we've survived.

Then we were having first Maidan, which turned politics of our country to another direction,

let's say, in some aspects, opposite direction, comparing to what we were before.

Then we were having global crisis, financial crisis, same as others.

But in Ukraine, for example, in 2009, GDP dropped by 15 percent, just 15 percent during

one year.

So again, this crisis was quite deep.

Then the second Maidan in 2014, 13 and 14 years, then the war with Russia, which actually