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 king of the Pafian kingdom. It wasn't until the second century that the city grew in importance and became the capital of Roman Cyprus. The earliest account of Pafos as the capital of the island actually comes from "The Acts of the Apostles" in the New Testament, where Paul and Barnabas stayed to preach to Sergius Paulus, who then converted to Christianity. Roman Pafos reached its golden age under the Severan Dynasty (and it is attested that there was even an imperial cult to Septimius Severus). Nea Pafos is not to be confused with Palaipafos ("Old Pafos"). However, it is