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Industrial sector's payables reported up 80 percent in first half of 2011

 

The aggregate amount of the payables of Belarus' industrial sector increased by 80 percent year-on-year in the first half of 2011 to total 31.1 trillion rubels ($6.3 billion at the official exchange rate), said the National Statistics Committee.

The industrial sector's payables as of July 1 were reportedly 5.3 percent larger than a month before and 60 percent larger than six months before.

The prices charged by industrial companies for their products rose by 62.9 percent year-on-year, the Committee said.

Payables accounted for 36 percent of the total amount of indebtnedness as of July 1, which was 86.3 trillion rubels, an 80-percent year-on-year increase.

The industrial sector's loan debts totaled 55.2 trillion rubels as of July 1, 80 percent more than a year before, 60 percent more than six months before and 0.5 percent more than a month before.

The aggregate amount of the industrial sector's overdue indebtedness was 3.4 trillion as of July 1, or 18.6 percent more than a year before.

Overdue payables totaled three trillion rubels, or 87.9 percent of the overall amount of overdue indebtedness, up from 83.5 percent a year before. As of July 1, overdue payables were 24.8 percent larger than a year before, 25.5 percent larger than six months before, and 0.2 percent smaller than a month before.

As many as 69.5 percent of all industrial enterprises in Belarus had overdue payables as of July 1, with 39.6 percent of the amount being owed to foreign companies. External overdue payables as of July 1 were 90 percent larger than a year before, 110 percent larger than six months before, and 0.5 percent larger than a month before.

The sector's overdue loan debts reportedly totaled 416.2 billion rubels as of July 1, 12.9 percent less than a year before, 100 percent more than six months before, and 0.5 percent less than a month before // BelaPAN.