Spectator on facebook

Spectator on facebook

France attracts Slovak contractors

France has implemented a number of reforms in the fields of public finances, competitiveness, reducing bureaucracy and the labour market

French Alps - illustrative stock photo(Source: AP/TASR)

France is a very attractive country for foreign investors, stated representatives of the French Embassy in Slovakia when addressing Slovak entrepreneurs at a seminar dedicated to investment opportunities in France that took place in Bratislava in late October 2016.

France has a strategic position in Europe – it is the sixth largest economy in the world and the second largest market in Europe, the embassy noted. There are more than 25,000 foreign companies in the country employing some 1.7 million people.

Paris was declared the third most attractive city for foreign investments in the world in 2015, the TASR newswire reported.

The country has implemented a number of reforms in the fields of public finances, competitiveness, reducing bureaucracy and the labour market, which should help France to attract new investors. Human capital, innovations, modern infrastructure and low operating costs should bring in investors as well, said French Ambassador to Slovakia Christophe Leonzi.

“By organising this event we’d like to bring more balance to investments between the two countries, as there is a lack of equilibrium,” Leonzi told TASR. “There’s a significant number of French investments in Slovakia, while Slovaks investing in France aren’t so common. Economic relations between the two countries are very important; trade exchanges amount to €6 billion.”

France has much to offer Slovak entrepreneurs, the ambassador added.

“First and foremost, political relations between the two countries are very good, which can be confirmed by the numerous visits made by Slovak representatives to France,” Leonzi continued, as quoted by TASR. “In the economic area there are, for example, tax allowances for innovative companies, great infrastructure and adopted reforms.”

Juraj Pala of the Slovak Chamber of Commerce and Industry (SOPK) pointed to several Slovak companies that are currently building hotels in the French Alps or are supplying hotel complexes with furniture.

“It seems that the construction industry will be one of the options in which Slovak companies can operate,” Pala said, as quoted by TASR.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Industry


Top stories

Slovakia to buy F-16 fighter jets. What is wrong with the ministry's analysis?

The Defence Ministry persuaded the government that the American offer is better than the Swedish, but analysts are not convinced.

F-16 fighter jet.

People marched for LGBTI rights in Bratislava

Take a look at the Bratislava Rainbow Pride 2018 that took place on Saturday, July 14.

Blog: Skills shortage makes us rethink patterns in education

Slovakia must be able to attract and retain the skilled experts, but also grow domestic talents and leaders.

Companies are cautiously considering further education  and training for their employees.

Believe it or not Europe, Trump really does not have a plan

Did you ever wonder what it would be like for a man with no attention span, who has declared bankruptcy four times, to lead the world’s most powerful country?

London during the visit of Donald Trump.