Belarus’ companies report 12.9% increase in effective debts in Jan-Mar 2020 to Br150bn

<p> MINSK, May 18 - PrimePress. The total debt of Belarusian enterprises amounted to Br150 billion ($61.32 billion at the rate of the National Bank of Belarus), up 7.4% year on year as of January 1, 2020, the National Statistics Committee (Belstat) said in a statement. </p> <p>   </p> <p> The debts in arrears virtually did not change in 1Q20, standing at Br10.975 billion ($4.487bn) as of April 1, 2020. </p> <p>   </p> <p> Accounts payable totaled Br56.654 billion ($23.16bn) as of Apr 1, 2020, up 3.9% year on year. Overdue accounts payable amounted to Br8.118 billion ($3.319bn) as of Apr 1, 2020, up 2.5%. </p> <p>   </p> <p> Debts under credits increased by 19.2% in Jan-Mar 2020 to Br93.319 billion ($38.149bn) as of Apr 1, 2020. Debts in arrears totaled Br2.857 billion ($1.168bn), down 6.5% year on year. According to Belstat, Br17.663 billion ($7.221bn, 29.7% of revenue) were allocated for repayment of bank loans and loans to Belarusian enterprises in the first quarter of 2020, up 14.7% yoy. </p> <p>   </p> <p> Accounts receivable of Belarusian enterprises as of Apr 1, 2020 amounted to Br46.312 billion ($18.932bn), up 12% year on year. Overdue receivables increased 4.2% to Br8.288 billion ($3.388bn) as of Apr 1, 2020. </p> <p>   </p> <p> Belstat says that 77% of Belarusian companies had overdue receivables as of Apr 1, 2020 (75.6% as of Jan 1, 2020), and 63.9% had overdue accounts payable (62.1% as of Jan 1, 2020). </p> <p>   </p> <p> As reported, the total debt of Belarusian enterprises in 2019 increased by 7.4% to Br132.8 billion ($54.288 billion) as of January 1, 2019, including overdue – down 2% to Br10.976 billion ($4.487 billion). End (Br2.4462/$1) </p>

2020-05-19

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