Nicosia known locally as Lefkosia , is the capital and largest city of the Republic of Cyprus. It is also the capital to the Turkish Republic of Northern Cyprus which remains only partially recognised. Located on the River Pedieos and situated almost in the centre of the island, it is the seat of government as well as the main business centre. Nicosia is the capital of the Nicosia District. Nicosia is designated a Beta World City - by the Globalization and World Cities Study Group and Network.