Bloomberg LONDON (Bloomberg) — Paris has beaten London as the most attractive European city for investors for the first time in more than a decade, as Brexit fears begin to taint the British capital, according to a report.
The French city was ranked No. 1 for foreign direct investment by 37 percent of businesses in an Ernst & Young report published Monday.
Britain’s departure from the European Union and the election of French President Emmanuel Macron were among the reasons Paris bumped London for the first time since the EY survey began in 2003.
London came in second, followed by Berlin and Frankfurt.