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 in the Middle Ages on a smaller scale and renamed Constantia after the Roman Emperor Constantius II, son of Constantine the Great, residing in Constantinople. The new city was now the capital of the island. It was mainly Christian and due to this some alterations were made during the rebuilding. The palaestra was turned into a meeting place and many architectural elements were used to erect spacious churches decorated with murals, mosaics and coloured marbles. The main event in Cyprus in this period was the spreading of the Christian faith. At that time, its bishop, while still subject to the Church, was made autocephalous