Economy of Cyprus levels of those that live in the capital city: citizens living in the capital express lower levels of happiness. As found in this study, citizens of Cyprus that live in its capital, Nicosia, are significantly less happy than others whether or not socio-economic variables are controlled for. Another finding was that the young people in the capital are unhappier than the rest of Cyprus; the old are not. Economy of Cyprus The economy of Cyprus is classified by the World Bank as a high-income economy, and was included by the International Monetary Fund in its list of advanced economies in
Capital punishment in Cyprus now a museum. The unrecognised state of the Turkish Republic of Northern Cyprus retains the death penalty in limited circumstances. Article 15 of the state's constitution declares that capital punishment can be imposed in cases of treason during wartime, acts of terrorism and piracy "jure gentium", and for repeated murders. Even in these instances, no execution of capital punishment can be carried out unless the Northern Cyprus legislative assembly decides so under the provisions of Article 78. , Northern Cyprus has never carried out an execution. Capital punishment in Cyprus Capital punishment for murder was abolished in Cyprus on 15