INVESTING IN THE FORMER SOVIET UNION

FRANKFURT — 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.