Nicosia is the largest city on the island of Cyprus, which is also the capital and seat of government of Cyprus and financial capital and main international business center. It is located near the center of the Mesaoria plain, on the banks of the River Pedieos. The Nicosia is about 50.5 KM2, and had a total population approximately of 300,000. Nicosia has a subtropical semi-arid climate since its low annual precipitation totals and annual temperature range. The city experiences hot, muggy and dry summers, and cool to mild winters, with most of the rainfall occurring in winter.
The Presidential Office of the Republic of Cyprus is located in the city of Nicosia, where the former British colonial governor also operates. Many government agencies and ministries are also located here.
Nicosia is the financial and business heart of Cyprus. 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. 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.
Nicosia is linked with other major cities in Cyprus via a modern motorway network. The capital is also linked to the 2 international airports: Larnaca International Airport and Paphos International Airport.
Nicosia has a large student community as it is the seat of eight universities, such as the University Of Cyprus (UCY), he University of Nicosia, etc. The University of Cyprus is a public research university. The Cyprus Museum in Nicosia is the largest and oldest archaeological museum in Cyprus.