Ermoupoli, also known with its formal name as Ermoupolis, latinized Hermoupolis, is a city in Greece. It is the capital and main city of the island of Syros and the Cyclades prefecture. Ermoupoli was founded during the Greek Revolution in the 1820s, as an extension to the existing Ano Syros township. It soon became the leading commercial and industrial center of Greece. The renowned Greek Steamship Company was founded in the city in 1856. Thousands of ships were built in the various Syros shipyards. Eventually Ermoupoli was eclipsed by Piraeus in the late 19th century. In the following decades the city declined. Recently its economy has greatly improved, based on the service industry.
The Euro (EUR), the currency of the European Union, is the official currency of Greece.