State support as a tool for development of enterprises of coal industry: current situation and problems

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Authors:

O. А. Lagovska, Dr. Sc. (Econ.), Prof., orcid.org/0000-0001-9517-0499, Zhytomyr State Technological University, Zhytomyr, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

T. P. Nazarenko, Cand. Sc. (Econ.), Assoc. Prof., orcid.org/0000-0001-7702-8122, Zhytomyr State Technological University, Zhytomyr, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

I. V. Suprunova, Cand. Sc. (Econ.), Assoc. Prof., orcid.org/0000-0002-5800-3023, Zhytomyr State Technological University, Zhytomyr, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

V. Yu. Ilin, Dr. Sc. (Econ.), Assoc. Prof., orcid.org/0000-0002-4223-1865, Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Abstract:

Purpose. To explore problems and prospects of Ukraine’s coal industry functioning in crisis with the use of instruments of state support.

Methodology. There were used methods of analysis (analysis of policy documents and state financing), synthesis (systematic study of the influence of legal regulation and state funding on state operation of coal mines), monographs (the review of scientific views on problems of development of coal industry), research (identifying areas of use and the efficiency of budget expenditures) and the experiment (corrected the calculation of the amount of public funding, costs and losses of the coal industry).

Findings. Government support is the main form of supporting the operation of the coal industry. Analysis of policy documents and resolutions of the Cabinet of Ministers of Ukraine showed their declarative nature and lack of a systematic approach to reforming the coal industry. In terms of anti-terrorist operations, the loss of coal mining and the growth of accounts payable, finding an effective owner is a possible solution to this problem.

Originality. System study of State support of development of coal industry in terms of the directions of use of budget funds and the elements was conducted. Pricing and the effect on profitability of coal enterprises were investigated. The adjustment of the volume of public funding due to changes in exchange rate of the hryvnia to the American dollar was carried out.

Practical value. The research results can be used to improve the mechanism of the State support of enterprises of coal industry.

References.

1. Barabash, M. and Cherednichenko, Y., 2015. Transformation of MCC Pavlogradugol coal mining in a world-class company – PJSC “DTEK Pavlogradugol”. Mining: Collection of Scientific papers, 9, pp. 15‒23.

2. Zhykalyak, N. and Lukinov, V., 2016. Improvement of state regulation of sustainable development of fuel and energy resources of Ukraine. Mining: Collection of Scientific papers, 10(2), pp. 97‒105.

3. Krasnik, V. G., 2015. The Main directions of reforming of coal industry of Ukraine in the medium term. Mining: Collection of Scientific papers, 9, pp. 25‒34.

4. Snihur, V., Malashkevych, D. and Vvedenska, T., 2016. Tendencies of coal industry development in Ukraine. Mining: Collection of Scientific papers,10(2), pp. 1‒8.

5. Verkhovna Rada of Ukraine, 1999. The mining law of Ukraine: Law of Ukraine of 06.10.1999 No. 1127–XIV with the subsequent changes. Bulletin of the Verkhovna Rada of Ukraine, 50, Article 433.

6. Ministry of Energy and Coal Industry of Ukraine, 2015. The concept of the State target economic program of reforming the coal industry for 2015‒2020 [online]. Available at: <http://mpe.kmu.gov.ua/minugol/control/uk/publish/article?art_id=245027382&cat_id=244916227> [Accessed 6 March 2017].

7. Ministry of Energy and Coal Industry of Ukraine, 2015. The concept of the State target economic program of reforming the coal industry for the period till 2020 [online]. Available at: <http://mpe.kmu.gov.ua/minugol/control/uk/publish/article?art_id=245127741&cat_id=244916227> [Accessed 22 February 2017].

8. Cabinet of Ministers of Ukraine, 2008. On approval of the Concept of reforming the coal industry: the Cabinet of Ministers of Ukraine of 14.05.2008 № 737-R [online]. Available at: <http://zakon2.rada.gov.ua/laws/show/737-2008-%D1%80> [Accessed 22 February 2017].

9. Cabinet of Ministers of Ukraine, 2005. On approval of the Concept of development of coal industry: the Cabinet of Ministers of Ukraine from 07.07.2005 No. 236-R [online]. Available at: http://zakon2.rada.gov.ua/laws/show/236-2005-%D1%80 [Accessed 16 February 2017].

10. 112 ua, 2017. The real support of the coal industry in the state budget for 2017, and the increase of the coal price for the state mines, – experts [online]. Available at: <https://ua.112.ua/polityka/realna-pidtrymka-vuhilnoi-haluzi-ne-v-derzhbiudzheti-2017-a-pidvyshchennia-tsiny-vuhillia-dlia-derzhshakht-eksperty-360874.html> [Accessed 24 April 2017].

11. National Regulatory Commission on Energy and Utilities, 2017. NKREKP denies of incorporation of coal current prices at “Rotterdam +” in the existing electricity tariffs [online]. Available at: <http://www.nerc.gov.ua/?news=5757> [Accessed 28 March 2017].

12. Artyushenko, V., 2016. Coal dead end. ZN.UA [online]. Available at: <https://zn.ua/energy_market/ugolnyy-tupik-1-.html> [Accessed 28 March 2017].

13. Ministry of Energy and Coal Industry of Ukraine, 2017. A report on the results of audit of efficiency of use of state budget funds provided for the Ministry of energy and coal industry of Ukraine restructuring of the coal industry Approved by decision of the court of accounts from 16.05.2017, No. 11‒2. Kyiv.

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ISSN (print) 2071-2227,
ISSN (online) 2223-2362.
Journal was registered by Ministry of Justice of Ukraine.
Registration number КВ No.17742-6592PR dated April 27, 2011.

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