'Merci Brexit': Paris overtakes London as 'most attractive European capital'
The Local
11 June 2018
12:21 CEST+02:00
https://www.thelocal.fr/20180611/par...brexit-worries
Paris is more attractive for foreign investors than London for the first time in more than a decade, according to a new report, which points the finger at Brexit as one of the main causes for the shift.
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"The European foreign investment map is changing," reads the report.
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"The UK is feeling the effects of Brexit. It remains the top destination for FDI in 2017, attracting 1,205 projects. That was only 6% more than it attracted in 2016, a slowdown after very strong growth in earlier year," the report said.
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EY's Marc Lhermitte said: "The progression is spectacular. We are witnessing a real tightening of the leading pack, with France catching up to Germany and the United Kingdom at high speed."
And the main reasons for France's success: the election of Emmanuel Macron and the impact of Brexit in the UK.
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