ECONOMY

Value of bounced checks issued in 2014 passes 250 mln euros

The value of dud checks issued in the first 10 months of the year reached 255.8 million euros, according to credit data company Tiresias.

The value of unpaid bills of exchange reached 73.8 million euros.

However, there was a big decline in the value of bounced checks issued in October. They were down 46.1 percent on the same month last year. The value of bills of exchange not being paid also dropped by 16.7 percent.