In January-October, the overdue accounts payable of Belarusian companies increased by 20% ytd and reached BYR34.7 trillion ($3bn), accounting for 12.6% of total accounts payable (10.8% as of October 1, 2013), the State Statistics Committee has announced. During September, overdue accounts payable grew by 1.9%. As of October 1, the share of industry organizations had 41.8% of overdue accounts payable, agriculture - 29.4%, trade, repair of vehicles, household goods and personal items - 10.5%, construction - 9%.
Accounts receivables of the Belarusian companies as of October 1 amounted to BYR215.6 trillion, including overdue-BYR37.6 trillion or 17.4% of total accounts receivables (as of October 1 2013-13.9%). Overdue accounts receivable for the year rose 29% in September - 1.4%. As of October 1, the share of industrial companies had 52.5%, trade, repair of vehicles, household goods and personal items - 20.1%, construction - 11.8% of organizations in operations with real estate, renting and services to consumers - 6.6%, agriculture - 4.4%.
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more
Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, has issued €650mn of perpetual additional Tier 1 capital (AT1). ATI ... more
The National Bank of Belarus (NBB) will reduce its benchmark interest rate by 1 percentage point (pp) to 12% on July 19, the regulator said on June 28. The central bank attributed the move to the ... more