According to data from the central register for issuers of dishonoured cheques (CIR), 1,301 bad cheques worth some €1.5 million were issued in the first half of the year, earning 667 individuals and companies a place on a preliminary blacklist.

The number who eventually made the blacklist reached 434 – 125 companies, 147 individuals, and 162 individuals who control companies.

Individuals and companies are placed on the register if they have, over a period of 12 months, issued at least three bad cheques irrespective of value, or the combined total value of any dishonoured cheque or cheques issued over this period exceeds €2.000.

Source: Cyprus Mail