Overdue accounts payable of Belarusian companies grows 20% yts in Jan-Oct

By bne IntelliNews November 17, 2014

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%.

Related Articles

Lithuania plans to block imports from “unsafe” Belarusian nuclear power plan

The Lithuanian energy ministry has drafted a plan to curb transmission and import of power from a Belarusian nuclear power plant currently being built in Astravets, 50 kilometres from the Lithuanian ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

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

RBI issues €650mn of AT1 hybrid securities

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