Olha Popelo

During the full-scale war, educational institutions of Ukraine were at the epicenter of hostilities and suffered from attacks and bombing by the russian army: many schools, colleges, and universities were destroyed or damaged, and tens of thousands of students and teachers became refugees or forced displaced persons, lost their property and housing. Chernihiv Polytechnic National University (CPNU), located in the northern border region of Ukraine, was also significantly affected.
This study aims to systematize the features of the functioning of CPNU under siege, bombing, and shelling. An analytical method was used to assess statistical reports available in open access on the official websites of CPNU and the Ministry of Education and Science of Ukraine. The paper identified that during active hostilities, 25% of the university’s infrastructure was destroyed by shelling and bombing; 37 teachers and researchers emigrated; about 4% of students stopped their studies. Currently, CPNU suffers from loss of human capital, physical destruction of educational and research infrastructures, lack of R&D financing, increased cyber security threats, and violation of the educational process. In response to military challenges, the university management rethinks and forms a new vision for further development based on sustainability principles to recover educational and research infrastructures, promote human capital development, and modernize the learning environment. The new vision of CPNU integrates “7R” principle – seven key pillars covering different directions of its operation (teaching, research, innovation, international activity, etc.).

The development of Ukraine’s credit market occurs under periodic economic crises. Available destructive processes inhibit the development of credit relations, negatively affecting the lending of economic entities and restraining the development of the national economy. This study aims to highlight the basic transformations in the development of the credit market of Ukraine, which are formed in macroeconomic instability. The economic development trends in Ukraine were assessed using classical statistical methods. The correlation regression analysis was used to analyze the influence of macroeconomic parameters (exchange rate, average salary, and cost of loans) on the volume of bank lending. The results show that the national economy of Ukraine during 2005–2021 developed in the conditions of periodic macroeconomic instability, and the pre-crisis (an indicator of 2013) parameters of bank lending volumes have not restored within the credit market. The paper stresses the significant impact of the COVID-19 pandemic: in 2020, the volume of bank lending decreased by 10.38 billion USD. Moreover, the econometric analysis of the influence of specific macroeconomic parameters (exchange rate, average salary, and cost of loans) on the development of bank lending in Ukraine demonstrated that the stability of the national currency exerts the greatest influence on the lending processes of economic entities in Ukraine. Its provision in the long term allows the creation of favorable conditions for the credit market functioning after the shock periods.

Acknowledgment
This study is conducted within the framework of the scientific project “Transformation of the households’ behavior in the financial services market in the context of digitalization” with the support of the Ministry of Education and Science of Ukraine.