Economy
Nicosia is the financial and business heart of Cyprus. The city hosts the headquarters of all Cypriot banks namely Cyprus Popular Bank (also known as Laiki Bank), Bank of Cyprus, the Hellenic Bank. Further, the Central Bank of Cyprus is located in the Acropolis area of the Cypriot capital.
A number of international businesses base their Cypriot headquarters in Nicosia, such as the big four audit firms PWC, Deloitte, KPMG and Ernst & Young. International technology companies such as NCR and TSYS have their regional headquarters in Nicosia. The city is also home to local financial newspapers such as the Financial Mirror and Stockwatch.
Cyprus Airways has its head offices in the entrance of Makariou Avenue.
According to a recent UBS survey in August 2011, Nicosia is the wealthiest per capita city of the Eastern Mediterranean and the tenth richest city in the world by purchasing power in 2011. ".
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Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)