Cyprus Bounced Cheques Register Significant Trends As CBC Reports October Metrics

by THEFUTURE.TEAM

November 13, 2025

The Central Bank of Cyprus (Central Bank of Cyprus) reported a total of 14 bounced cheques in October, amounting to €176,435. This figure accompanies the recent addition of seven new issuers—four legal entities and three individuals—to the preliminary list of the Central Information Register (CIR).

Year-to-Date Analysis

Between January and October 2025, the CIR recorded 198 outstanding cheques, cumulatively valued at €616,580. Notably, this represents a numerical decrease compared to the corresponding period in 2024, when 252 cheques were registered with a total value of €533,524. The data underscores evolving financial behaviors and fiscal risks that deserve close attention from market participants.

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Expanding Register Of Financial Debtors

In October alone, the register expanded further with 18 new persons added, including six companies, three individuals, and nine controlling legal entities. The cumulative total for 2025 now stands at 105 registered entities—comprising 36 companies, 26 individuals, and 43 individuals controlling legal entities. These developments highlight the ongoing imperative for enhanced credit monitoring and risk management strategies within Cyprus’s evolving financial ecosystem.

Implications For Financial Oversight

The insights provided by the CBC’s data serve as a clarion call for both financial institutions and corporate entities. As bounced cheque incidents continue to influence liquidity and creditworthiness, stakeholders are encouraged to bolster their financial oversight mechanisms. The emerging trends underscore the need for rigorous due diligence practices and proactive risk mitigation measures to safeguard against potential disruptions.

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Cyprus Livestock Industry Navigates Hemorrhagic Fever Impact

by THEFUTURE.TEAM

March 20, 2026

The recent outbreak of hemorrhagic fever has stirred concern among professionals in the livestock sector. Industry insiders report a modest 10% increase in lamb prices, while both production and export volumes of halloumi remain resilient.

Market Dynamics And Price Adjustments

Kostas Leivadotius, President of the Pan-Cypriot Meat Retailers Association, said supply has tightened following movement restrictions. Lamb prices increased from about €11 to €12 after detection of the virus, while pork and beef prices remain unchanged.

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Production And Slaughter Statistics

Leivadotius said around 700,000 animals are slaughtered annually in Cyprus, including approximately 20,000 cattle, 450,000 pigs, and 200,000 lambs, with additional supply covered through imports. During last year’s Easter period, more than 50,000 lambs were processed.

Logistical Challenges And Regulatory Responses

Movement restrictions are affecting transport and processing of livestock. Leivadotius said slaughterhouse operations have been disrupted, prompting discussions with authorities on measures to improve transport and processing efficiency.

Regional Implications And Import Adjustments

Following reported cases on Lesvos, Cyprus suspended imports of meat from the area. Imports from Lesvos are typically limited, but alternative supply sources are now being considered.

Maintaining Production Amid Health Concerns

Emphasizing the need for decisive action, Leivadotius urged industry stakeholders and the wider public to heed expert guidance on disease containment. He underlined that accelerated vaccination efforts and stringent movement controls are essential to curb the spread of the virus, thereby allowing production levels to return to normal.

Stability In Halloumi Exports

Michalis Koullouros, representative of the Cyprus Cheese Producers Association, said halloumi exports and prices remain stable, with producers continuing to meet domestic and international demand. Around 80% of Cyprus’ milk production is used for halloumi, with exports accounting for €350 million of a €400 million market. He added that significant livestock losses could affect production levels if the situation worsens.

Future Considerations And Industry Priorities

Looking ahead, industry experts remain watchful of the potential reevaluation of the Protected Designation of Origin (PDO) timeline for halloumi. Although discussions on revising the current schedule have not yet taken center stage, the primary focus now is on containing the outbreak and reinforcing support for livestock producers. This strategy is essential for restoring production and ensuring the industry’s long-term viability.

In summary, while the outbreak of hemorrhagic fever has led to some immediate market adjustments, decisive regulatory action and industry resilience may well steer Cyprus’ livestock and dairy sectors back on track in the near future.

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