Yankees Go East On A Scale That's `Startling'

Despite continuing economic turmoil in the former Soviet bloc, U.S. companies are apparently taking the long view and plunging ahead with direct investment there. According to Mark Dixon, editor of New York-based East European Investment Magazine, which keeps tabs on investment in 28 countries, the number of U.S. deals concluded in the year ended in September jumped more than 100%, and their value soared sixfold.

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