The “2013 Annual Report: Job-creating foreign investment in France”, published by the Invest in France Agency, highlights the rising number of investment projects from emerging economies, not least Russia, which over the last three years has gained 13 places in the rankings of leading investors in France.
Russian companies are keen to expand their operations in Europe and throughout the world. Nine projects were confirmed in 2013, aided by the Invest in France Agency (IFA), including four first-time investments. France is being increasingly chosen by Russian investors: in all, there are now 38 Russian firms doing business in France, 15 more than in 2012.
Nine projects were carried out with the support of the Invest in France Agency (IFA), leading to the creation of 225 jobs.
Investment flows between the two countries are gradually converging: overall foreign direct investment by Russian firms in France has risen tenfold in just three years, from €150 million in 2010 to €1.3 billion in 2013. These figures include financial flows, mergers and acquisitions, as well as the investments in job-creating projects recorded by the IFA. Investments in high-tech industry have risen with the creation of numerous research and development centers in France.
The 2013 Annual Report confirms the increasing diversity of Russian investment over the last few years in the agribusiness, machinery, and transport sectors, as further illustrated by the following examples.
Examples of recently confirmed projects:
Progresstech: This Russian leader in intellectual services for the aerospace and air transport sectors made its first investment in Europe, choosing to establish an engineering and design office in Toulouse (Midi-Pyrénées region) so as to be closer to Airbus and its main suppliers. The group’s new subsidiary, registered under the name Tucana Engineering, plans to create 50 jobs over the next three years.
Active Optics: After setting up operations in Marseille in 2012, this Russian firm, which develops and produces adaptive optical systems and equipment, notably for laser applications in the medical and space sectors, announced the recruitment of 10 additional personnel. Its French office distributes the company’s products throughout Europe.
A.K. Dellos: This Russian confectionery and tea shop chain pursued its growth in France with the opening of two new “Café Pouchkine” outlets in Paris. The chain already ran a stand in the Printemps Haussmann department store, as well as a culinary laboratory in Ile-de-France (Paris region). A further 20 jobs were created.