The Donetsk Region's coal industry: Activation of innovation processes

Abstract

Subject. This article discusses the issues of managing the coal sector of the economy. Objectives. The article aims to form a mechanism for the implementation of innovation processes in the coal mining industry, taking into account the economic interests of the Donetsk People's Republic. Methods. For the study, we used systems and comparative analyses. Results. The article proposes an organizational and economic mechanism that provides an optimal combination of traditional goals and long-term objectives to intensify innovation processes in the coal industry, the main directions of development of which are the creation of clusters and technical re-equipment of enterprises. Conclusions. In the Donetsk region, measures have been taken to attract investment and create favorable conditions for business.