Hollande wants to Boost Investment

Finance General News
Hollande wants to boost investment in France
Hollande wants to boost investment in France
François Hollande – NICOLAS Tucat / AFP

President Hollande  speaking yesterday to the defense industry, says that it has has “a future in France.”  The president announced a series of measures for investment for companies, including an “exceptional tax mechanism” of investment support. The head of state was visiting the Forges de Trie-Château (Oise) site that has escaped bankruptcy in 2008, after being taken over by the Lebronze alloys group. An “example of recovery and vitality,” he said.

“Our economy is recovering,” but “slowly”

François Hollande said that France should have “higher goals” than the official forecast of 1% growth for 2015. “Our economy recovers (…) but still restarts slowly. we talk of 1% growth in 2015 but we should have higher goals and to create jobs there must be more than 1% growth, “he said.

“The state will take responsibility,” promised the president, who announced a tax mechanism for “exceptional” support to investment. “All companies that decide to accelerate their projects, to move faster to invest, will be granted a tax system that will improve their cash flow and transaction profitability,” he said in front of employees and leaders.

He also announced that the insurers had created a fund of 500 million euros to invest in the capital of companies. “This fund will represent 500 million euros, half a billion, will be directly operational from next month,” he assured.

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