Updated at 18:32,10-08-2020

Every third Belarusian industrial enterprise unprofitable


Losses of Belarusian industrial enterprises in the first nine months have amounted to about $871.6 million.

In January-September this year, the amount of net loss of unprofitable enterprises of the Belarusian industry amounted to 15.8 trillion rubles (about $ 871.63 million). This is 2.7 times more than in the same period last year.

Net losses per loss-making business have doubled.

As to the number of companies that do not receive profits, in September their number was 589 (in January it was 448). Their share among the total number of enterprises is 31.8%, which is about one third.

The losses of some enterprises are directly related to the economic situation in Russia, which is one of the main markets for the Belarusian industry.

Last week, Belsat journalists reported about the Lida meat-packing plant, which is losing billions of dollars due to the problems on the Russian market.