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
Cyprus Navy Cyprus Navy The Cyprus Naval Command (, ) (also known as the Cyprus Navy or Cypriot Navy) is the armed sea wing of the Cyprus National Guard. This force does not possess any capital ships or other major warships, but is equipped with patrol boats, landing craft, surface-to-surface missile systems and integrated radar systems, as well as SEALs-type naval underwater demolitions units. The Cyprus Navy has the primary mission of defending the sea borders of the Republic of Cyprus, but is currently unable to access waters around Northern Cyprus which are controlled by the Turkish Navy since the 1974 conflict.