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 University of Technology Cyprus University of Technology The Cyprus University of Technology (CUT) ( or "ΤΕ.ΠΑ.Κ.", is a university established in 2004. Its first intake of students took place in the academic year 2007–08. The establishment of CUT is an attempt to fill in gaps that still exist within Cyprus' higher education by offering degrees in undergraduate and post graduate levels that are not offered by the University of Cyprus or by other higher education institutions. It is based in Limassol, the second largest city in Cyprus. It was officially inaugurated in September 2007 by then-President of Cyprus, Tassos Papadopoulos. According to recent