Agios Nikolaos is the capital of the Lasithi prefecture, and is situated on the west side of the Mirabello gulf. Its name came from the small church that is located in Agios Nikolaos’ bay.

Agios Nikolaos is the capital of the Lasithi prefecture, and is situated on the west side of the Mirabello gulf. Its name came from the small church that is located in Agios Nikolaos’ bay. Another known toponym, and the one that some locals use, is Gialos.

The area’s finances depend mostly on tourism and olive cultivation.