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 to the third century BC, but some of the tombs were used in the Early Christian period. The city suffered severely from earthquakes in the fourth century AD. It was around this time, in 346, that the capital was transferred back to Salamis. Cyprus continued to grow and enjoy several prosperities in the 400s and 500s, but Pafos was already in ruins by this point. In Roman Cyprus, Palaipafos was known primarily for the sanctuary to Aphrodite. Palaipafos is located on a limestone hill in southwestern Cyprus, at the mouth of the Diarrhizos river, about one mile inland from the