11.   Papapetrou, who is on a visit to Greece, did not say when Cyprus Airways would open its subsidiary.

12.   Amway next plans to open subsidiaries in South Africa and India, Senior Vice President Bruce Shankland said.

13.   But rapid growth in the industry has prompted Citibank and other major international banks to open Islamic subsidiaries.

14.   Swedish telecommunications company Telia AB said Tuesday it has opened a subsidiary in Spain called Telia International Carrier Spain, based in Madrid.

15.   Before opening a subsidiary, the overseas firm must maintain a liaison office at least for one year, it said.

16.   Siemens, a leading electrical engineering group, said that it had opened a subsidiary in Bangkok called Siemens Ltd to coordinate its business in Thailand.