Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Paris : Beats London as Europe's favourite investment destination - EY

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/11/2018 | 12:38pm CEST
Businessmen walk inside the Japan Bridge at La Defense financial and business district in Puteaux

PARIS (Reuters) - An Ernst & Young survey shows Paris has overtaken London as Europe's most attractive destination for foreign investors for the first time since EY began such reports 15 years ago.

The change in the continent's pecking order is a sign of the impact of both Brexit and the "Macron effect".

The French capital was ranked No. 1 for foreign direct investment by 37 percent of businesses, based on a survey of 502 companies and data from EY and IBM covering 2017.

Britain as a whole remained Europe's top destination for foreign direct investment in 2017, with 1,205 of the 6,653 new FDI projects in Europe, ahead of Germany's 1,124 projects and France's 1,019 projects.

But France's number was up 31 percent in one year, while the number of investment into Britain was 6 percent higher than in 2016, showing a slowdown in growth.

This was the first time Paris has outdone London since the annual survey started in 2003. Berlin came third and Frankfurt fourth. "The UK is feeling the effect of Brexit," the report said.

"Investment slowed after the 2008 financial crisis, but France is now in catch-up mode, and a beneficiary of Brexit," it added, citing President Emmanuel Macron's reforms to make the labour market more flexible.

For full study, click on: https://www.ey.com/Publication/vwLUAssets/ey-attractiveness-survey-europe-june-2018/$FILE/EY-Attractiveness-Survey-Europe-June-2018-Game-changers.pdf

(Reporting by Michel Rose; Editing by Angus MacSwan)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
07:20pPlatts revises LNG spot assessment process after Vitol submissions
RE
07:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
07:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
07:07pUber car's 'safety' driver streamed TV show before fatal crash - police
RE
07:07pUBER CAR'S 'SAFETY' DRIVER STREAMED TV SHOW BEFORE FATAL CRASH : police
RE
07:07pHALIFAX REGIONAL MUNICIPALITY : St. Margaret’s Bay Road (Timberlea Village Parkway) – Road Construction
PU
07:03pCITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGT : Crew files criminal, ethics complaints against wilbur ross
PU
07:03pU S SENATE COMMITTEE ON FINANCE : Wyden Questions Secretary Ross on Timing and Circumstances of Stock Trade
PU
07:01pU.S. unveils new veto threat against WTO rulings
RE
06:58pMAINE FARM BUREAU : quoted in new town ordinance change – 6/21/18, BDN
PU
Latest news "Economy & Forex"
Advertisement