Free Economic Zones May Reopen.

President Viktor Yushenko announced that it was possible that tax benefits for Free Economic Zones (FEZ) would resume in 2006. Concorde Capital: In March the Parlaiment approved amendments to the 2005 budget that eliminated all tax benefits granted to FEZs. However flat investment activity in 2005 has made the government soften its position on some issues in an effort to improve investment inflows. The President?s announcement concerning the revival of privileges to FEZs is another move in this direction.