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
Roman Cyprus of Ptolemaic Egypt, as a gift. The Battle of Actium in 31 BC marked the end of the civil war with Octavian gaining control of all of Egypt and Cyprus. Cyprus was left under control of Octavian's legate until it could be further dealt with. In 22 BC Cyprus was separated from the Cilicia and became a senatorial province without a standing army. Cyprus was divided into four regions with thirteen known cities with Nea Pafos becoming the capital. Cyprus was allowed a large amount of autonomy remaining mainly Greek in culture while adopting and adapting Roman customs. No Roman