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
Ancient history of Cyprus of Cyprus (known as "Iatnanna" by the Assyrians) appears to have begun earlier than this, during the reign of Tiglath-Pileser III (744–727 BC), and ended with the fall of the Neo Assyrian Empire in 609 BC, whereupon the city-kingdoms of Cyprus gained independence once more. Following a brief period of Egyptian domination in the sixth century BC, Cyprus fell under Persian rule. The Persians did not interfere in the internal affairs of Cyprus, leaving the city-kingdoms to continue striking their own coins and waging war amongst one another, until the late-fourth century BC saw the overthrow of the Persian Empire