Economic Recovery Not Visible Yet: Bounced Payments Soar 40% In 1Q

04.22.2015 By Liviu Popescu

Checks and promissory notes worth 2.3 billion lei (EUR520 million) bounced in the first three months of this year, 44% above the level of 1Q, 2014, as banks could not find enough cash in the accounts of companies that initiated the payments.

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Keywords:
economic recovery
, bounced payments
, banks