Simplify the following text for a Grade 5 native English-speaking person.
Original: Located on the River Pedieos and situated almost in the center of the island , it is the seat of government as well as the main business center .
Simplified: Niscosia is located on the Pedieos ( Kanlidere ) river in the center of the island . The city is the seat of government as well as the main business center for Cyprus .