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 Eastern-inspired "tsifteteli" and "arapies". There is also a form of musical poetry known as "chattista" which is often performed at traditional feasts and celebrations. The instruments commonly associated with Cyprus folk music are the violin ("fkiolin"), lute ("laouto"), accordion, Cyprus flute ("pithkiavlin"), oud ("outi") and percussions (including the "toumperleki"). Composers associated with traditional Cypriot music include Solon Michaelides, Marios Tokas, Evagoras Karageorgis and Savvas Salides. Among musicians is also the acclaimed pianist Cyprien Katsaris and composer and artistic director of the European Capital of Culture initiative Marios Joannou Elia. Popular music in Cyprus is generally influenced by the Greek "Laïka"