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and Cyprus to enter the area. The aim is to enter in 2007 as “the Group’s future lies abroad” and it has an obligation to its 60,000 shareholders and 6,000 staff to stay abreast of developments.
The SFM Group will launch the World Investment Opportunities Funds (WIOF) in Cyprus this week, a fund of funds with EUR 100 mln under management. The fund specialises in Central and Eastern Europe and is the first Luxembourg-domiciled investment fund (SICAV) investing in the Cyprus equity market that includes as one of its sub-funds the Laiki-EDAK Asset Management Greece-Cyprus Opportunities Fund managed by Marios Demetriades. note: the present-day Transport Minister).
Greeks and Greek Cypriots are the heaviest smokers in Europe, with the first accounting for an average of 23.2 cigarettes per day and the islanders lighting up 21.3 cigs. This compares with the EU25 average of 16.9, while the Turkish Cypriots smoke 18.8 per day, according to Health Commissioner Markos Kyprianou, speaking ahead of World No Tobacco Day (May 31).
A new parliament is about to be sworn in on Thursday, with AKEL leader Demetris Christofias seeking a second term as House President with 18 party votes, 11 from coalition partners DIKO, five from EDEK nd the single Greens. Opposition leader Nicos Anastasiades cannot get elected with DISY only numbering 18 deputies.