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Finance ministry allocates UAH8.9 billion to state coal mines
Journal Staff Report

KIEV, Oct. 18 – The Finance Ministry has agreed to the allocation of UAH 8.9 billion in the national budget for 2011 to the Coal Ministry to support state-run coal mines, while the ministry had asked for UAH 19.7 billion, First Deputy Coal Minister Yuriy Cherednychenko said.

"The Finance Ministry discussed our proposals and informed us at a conciliatory meeting that the scope of the national budget in 2011 is restricted, and only UAH 8.9 billion would be allocated to the coal industry," he said at a meeting at the Coal Ministry in Kiev last week.




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