INVESTING IN THE FORMER SOVIET UNION

In an attempt to boost foreign investment, the republics of the former Soviet Union are offering tax breaks to foreign firms, according to Deutsche Bank Research.

For example, in Ukraine, fully foreign-owned firms may reduce taxable profit by the value of investment made there. In Lithuania, firms founded before the end of 1992 receive a 70 percent reduction in the normal tax rate of 35 percent for five years.