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 t...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1998/12/441539/coal-industry-restructuring-ukraine-politics-coal-mining-budget-crises http://hdl.handle.net/10986/11506 |
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okr-10986-115062021-06-14T11:03:59Z Coal Industry Restructuring in Ukraine : The Politics of Coal Mining and Budget Crises Lovei, Laszlo 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 INDUSTRY 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 OPERATING COSTS PROFITABILITY PROFITABLE MINES SOCIAL MITIGATION SOCIAL SERVICES STATE-OWNED MINES STEAM COAL STEEL UNECONOMIC MINES UNEMPLOYED MINERS WAGES WASHING 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. 2012-08-13T15:15:14Z 2012-08-13T15:15:14Z 1998-12 http://documents.worldbank.org/curated/en/1998/12/441539/coal-industry-restructuring-ukraine-politics-coal-mining-budget-crises http://hdl.handle.net/10986/11506 English Viewpoint: Public Policy for the Private Sector; Note No. 170 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Europe and Central Asia Ukraine |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
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 INDUSTRY 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 OPERATING COSTS PROFITABILITY PROFITABLE MINES SOCIAL MITIGATION SOCIAL SERVICES STATE-OWNED MINES STEAM COAL STEEL UNECONOMIC MINES UNEMPLOYED MINERS WAGES WASHING |
| spellingShingle |
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 INDUSTRY 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 OPERATING COSTS PROFITABILITY PROFITABLE MINES SOCIAL MITIGATION SOCIAL SERVICES STATE-OWNED MINES STEAM COAL STEEL UNECONOMIC MINES UNEMPLOYED MINERS WAGES WASHING Lovei, Laszlo Coal Industry Restructuring in Ukraine : The Politics of Coal Mining and Budget Crises |
| geographic_facet |
Europe and Central Asia Ukraine |
| relation |
Viewpoint: Public Policy for the Private Sector; Note No. 170 |
| description |
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. |
| format |
Publications & Research :: Viewpoint |
| author |
Lovei, Laszlo |
| author_facet |
Lovei, Laszlo |
| author_sort |
Lovei, Laszlo |
| title |
Coal Industry Restructuring in Ukraine : The Politics of Coal Mining and Budget Crises |
| title_short |
Coal Industry Restructuring in Ukraine : The Politics of Coal Mining and Budget Crises |
| title_full |
Coal Industry Restructuring in Ukraine : The Politics of Coal Mining and Budget Crises |
| title_fullStr |
Coal Industry Restructuring in Ukraine : The Politics of Coal Mining and Budget Crises |
| title_full_unstemmed |
Coal Industry Restructuring in Ukraine : The Politics of Coal Mining and Budget Crises |
| title_sort |
coal industry restructuring in ukraine : the politics of coal mining and budget crises |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1998/12/441539/coal-industry-restructuring-ukraine-politics-coal-mining-budget-crises http://hdl.handle.net/10986/11506 |
| _version_ |
1764416980399423488 |