The leading Belarus financial media MYFIN published an article by Nikolay Artemyev: “Will companies have a new way to raise money? Analysis of legislative changes regarding non-bank factoring.”
In November 2024, amendments to the Civil and Banking Codes come into force. Nikolay Artemyev spoke about what companies should pay attention to and how factoring agreements will change.
One of the important innovations not only for financial market participants, but also for business in general is exclusion of factoring from banking operations and establishing possibility of acting as a factor for any commercial company. In the article, we will figure out what factoring is and how these changes may be beneficial for business.
The full article is availiable on Myfin.
