For the first time, Paris is ahead of London as the most attractive European city for businesses to invest in, according to a report by consultancy firm EY.
EY convened a panel of 502 international business leaders who concluded that Paris was preferable to London in this respect.
This comes as France’s overall attractiveness to investors continued to improve in 2017, for the second year in a row, partly thanks to President Emmanuel Macron’s economic reforms, according to the same report, published on June 11.
More than 1000 projects to build or expand business infrastructure, such as industrial sites or research centres, were put in place in France in 2017, according to EY’s report. This marked a 31 percent increase on the previous year, following a 30 percent increase in 2016.
France ranks third in Europe for such projects, behind the UK and Germany.
