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

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 US$4billion (including wages) by mid-1998 -- and of payments due for coal supplies - more than US$1.5billion by mid-1998.

Bibliographic Details

Main Author:	Lovei, Laszlo
Language:	English
Published:	World Bank, Washington, DC 1998-12
Subjects:	COAL INDUSTRY, COAL MINES & MINING, PAYMENTS ARREARS, CREDIT GUARANTEES, OPERATING COSTS, PARLIAMENTS, INVESTMENT FUNDS, RESTRUCTURING ASSISTANCE, WAGE RESTRAINT, CLOSURE ACCOUNTING, BANKRUPTCY, CABINET OF MINISTERS, CENTRAL PLANNING, CLOSURE, CLOSURES, COAL, COAL MINERS, COAL MINES, COAL MINING, COKING, CONSTRUCTION, DEBT, DEBT RESTRUCTURING, EMPLOYMENT, FUEL, GAS, HOLDING COMPANIES, IMPORTS, INCOME, INFLATION, LABOR COSTS, LABOR FORCE, LABOR PRODUCTIVITY, LABOR UNIONS, LOCAL GOVERNMENT, MINE CLOSURE, MINE MANAGERS, MINES, MINING ACTIVITIES, MINING ASSOCIATIONS, MINING SECTOR, MUNICIPALITIES, OIL, PROFITABILITY, PROFITABLE MINES, SOCIAL MITIGATION, SOCIAL SERVICES, STATE-OWNED MINES, STEAM COAL, STEEL, UNECONOMIC MINES, UNEMPLOYED MINERS, WAGES, WASHING,
Online Access:	http://documents.worldbank.org/curated/en/1998/12/441539/coal-industry-restructuring-ukraine-politics-coal-mining-budget-crises https://hdl.handle.net/10986/11506
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