More than half (53%) of responding business tax leaders expect greater tax enforcement in the next three years, particularly as governments look to remedy budget pressures and stimulate their economies during the COVID-19 pandemic, according to the 2021 EY Tax Risk and Controversy Survey . EY teams canvassed the views of 1,265 tax and finance leaders across 60 jurisdictions and 20 industry sectors during the fourth quarter of 2020, making it the largest sample in the survey’s history.

The loans on the books of EU banks that remain under long-running moratoria are more likely to underperform, with credit quality particularly uncertain in Cyprus, Italy, Portugal and Hungary, Moody’s Investors Service said in a report published Tuesday.

Passenger traffic in the first days of May marked α significant rise with flights in Cyprus’ two international airports in the fist nine days of the month accounting for 59% of the total traffic in the previous month.

According to data released on Tuesday, a significant increase of 14.9% was recorded in vehicle registrations in the first four months of 2021 compared to the same period of 2020.

Cyprus’ health authorities estimate that the country’s Covid-19 vaccination rollout will have surpassed 400,000 milestone by Wednesday, helped by a recent uptake in AstraZeneca shots.

eSports will generate $1.1 billion in revenue this year. The majority of that number comes from media rights and sponsorship opportunities, which, with a global livestreaming audience of 663 million in 2020, look more appealing to brands than ever.

Activity at the airports is picking up with 60 flights set to take place on Monday to and from Larnaca and Paphos airports, an official said.

The ministry of health has announced on Monday changes as regards the categorisation of countries based on their epidemiological picture with Slovakia entering the orange category from red. The changes will come into effect on 13th May.

The Mediterranean island’s new coronavirus “safe pass” system which came in effect on Monday so as to allow people to move freely will be valid for an estimated six to eight weeks.

Nicosia is keeping the real estate market alive with high demand for office space from foreign high-tech companies looking to be based in the capital expected to revive a sluggish property sector.