Building activity increases by 16.4 pct in October
Budget primary surplus at 1.97 bln in 2017 on strong underspend
Net job hirings balance positive by 15,315 in December
CPI rises by 0.7 pct in Dec for first 12-month positive streak after four years of deflation
Unemployment rate at 20.7 pct in October, previous month revised upwards
Car sales rise by 16.1 pct in December, annual increase reaches 20.8 pct
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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