Bad cheques reach €2.8 million this year

The value of bad cheques reached €2.8 million in the period between January and October, the Central Bank (CBC) said on Tuesday.
Around €146,000 worth of bad cheques were issued in October.
The CBC said 1,921 cheques bounced between January and October with 575 individuals and 417 companies placed on a preliminary blacklist.
October saw €146,457 worth of bad cheques issued compared with €440,456 during the same month last year.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.