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Regional Economics: Theory and Practice
 

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

Vol. 22, Iss. 6, JUNE 2024

Received: 11 January 2024

Received in revised form: 17 March 2024

Accepted: 20 April 2024

Available online: 17 June 2024

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: D22, M11, O30, R10

Pages: 1126–1148

https://doi.org/10.24891/re.22.6.1126

Raisa I. BALASHOVA Economic Research Institute, Donetsk, Russian Federation
raysabalashova@yandex.ru

https://orcid.org/0000-0001-5688-7032

Andrei A. KRAVCHENKO Donetsk National Technical University (DonNTU), Donetsk, Russian Federation
kaa2016@ro.ru

https://orcid.org/0009-0007-0050-1373

Vadim Yu. BALASHOV Ministry of Finance of the Donetsk People's Republic, Donetsk, Russian Federation
balashov.vadim.2019@gmail.com

ORCID id: not available

Evgeniya A. GREBENKOVA Economic Research Institute, Donetsk, Russian Federation
ev.grebenkova@mail.ru

https://orcid.org/0000-0001-8942-5467

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.

Keywords: Donetsk region, coal industry, activation, innovation processes

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