The diversion of the Piedras River by the Venetian architects allowed Ermou Street to develop and flourish without being affected by the seasonal flooding that previously caused damage to the area. This change in the city's infrastructure allowed for the growth of businesses, homes, and public spaces.
Ermou Street in Nicosia is named after the ancient Greek deity Hermes. In Greek mythology, Hermes was the messenger of the gods and the patron of commerce, merchants, and travellers. The name Ermou is derived from the Greek word "ερμής" (Hermes), and the street's name reflects its historical role as a hub of commercial activity in Nicosia.