At the end of 2015, a number of changes in legislation will come into effect in Russia, thanks to which factoring is expected to become even more of an efficient and convenient tool for business development
Total accounts receivable for products delivered to Russia by Belarusian enterprises increased by more than 30 per cent from the beginning of the year, Minister Counselor of the Belarusian Embassy in Russia Vladimir Koltovich has revealed
MDM Bank has joined The Association of Factoring Companies Russia as a full member. It has been working in the Russian factoring market since 2011, providing classic factoring products to enterprises of different economic sectors in the segment of large and medium-sized businesses.
The Association of Factoring Companies (AFC) in Russia has published the preliminary results of the business development of its members in the first half of 2015. The total turnover of 18 members of the AFC has reached RUB642.4bn. The total portfolio on July 1, 2015 reached RUB206.3bn