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France has become the most attractive country in the European Union again

The economic “attractiveness barometer” compiled by European consulting firm EY shows that France, despite the devastating coronavirus pandemic for the country, still outstrips Britain and Germany in terms of number investment projects and jobs created.

The attractiveness barometer released on Monday 7 June shows that during the pandemic, France retained the top investment rankings it has held since 2019, despite on a number of projects that were not implemented during the pandemic, Le Monde reports.

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Commenting on the news, French Minister of Economy Bruno Le Maire called it “an excellent result”, which, he said, is the result of the economic policy of the French authorities since 2017. In accordance with the Pacte law, France saw a reduction in corporate taxes from 33 to 25 percent of profits, in addition, taxes on the extraction of raw materials were reduced, introduced in January 2021 as part of the country’s economic recovery plan. In general, sources in the French government noted, France “is creating a new stable and attractive tax system for companies.”

“Taxation is not everything,” explained Pascal Cagny, former CEO of Apple Europe and currently Ambassador for International Investment and President of Business France. “For investors, France is a large domestic market of 66 million people, with very high savings, a digital revolution country that has undergone a turbo effect in recent years, with very good broadband quality and low energy costs. “