Travel balance rises by 73.5 pct in Nov, 9.7 pct in aggregate period
December hirings balance positive by 5,970 with annual balance for 2018 up by 141,003 places
November current account deficit at 1.41 bln as import value outstrips exports
Industrial turnover rises by 7 pct in November
Primary cash surplus at 16.19 bln in 2018, 3.18 bln spent on reducing arrears
Building permits rise by 23.8 pct in Oct, up by 10.9 pct in first 10 months
Bank of Greece study finds one in six local firms is strategic defaulter
In a separate section of the interim Monetary Policy Report published on Friday, the Bank of Greece (BoG) discussed the issue of corporate strategic defaulters i.e. companies that have stopped servicing their loans despite having the ability to make the payments.
The study examined a sample of 13,000 firms with outstanding loan obligations of at least 1 million euros each between 2010–2015. The loan stock of that sample stood at 57 billion euros, of which 19 billion were classified as non-performing.
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