Debt load of Belarusian enterprises deteriorates their financial performance
The situation has not changed
According to the National Statistics Committee, the profit from selling goods and services in January – October 2016, totalled BYN 10.5 billion, i.e. 0.2% more than in 2015. Profits grew slowly due to the high debt load on enterprises, which spent about one-third of their profits on servicing loans and borrowings. In the future, the state is likely to cut financial aid to troubled enterprises; bankruptcies among the state enterprises are likely to increase in number; layoffs will persist and bad debts in the banking system are likely to accumulate. Due to further reduction in interest rates in the economy, the debt burden on enterprises may somewhat reduce, which will reduce loan servicing costs for businesses.
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Once a week, in coordination with a group of prominent Belarusian analysts, we provide analytical commentaries on the most topical and relevant issues, including the behind-the-scenes processes occurring in Belarus. These commentaries are available in Belarusian, Russian, and English.
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