Coal Industry Restructuring in Ukraine : The Politics of Coal Mining and Budget Crises

• Tác giả: Laszlo Lovei
• Ngôn ngữ: eng
• Ký hiệu phân loại: 330 Economics
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 302416
• Chủ đề: 1. COAL INDUSTRY; 2. COAL MINES & MINING; 3. CREDIT GUARANTEES; 4. OPERATING COSTS; 5. PAYMENTS ARREARS

Tóm tắt

Restructuring Ukraine's coal industry has been even more difficult and politicized than reforming its electricity and gas industries. Coal reform has divided Parliament and the government into two camps - one supporting populist policies and the other supporting fiscal realism - and the balance of power between these camps has changed frequently. Despite mounting financial losses, coal miners and managers have blocked attempts to rationalize production and employment practices. The government has, however, managed to close several highly uneconomic mines. Speeding up mine closures seems to be the only way to arrest the accumulation of payment arrears - nearly USbillion (including wages) by mid-1998 -- and of payments due for coal supplies - more than US.5billion by mid-1998.