The number of foreign companies settling in Germany is expected to fall by almost a fifth in 2023 but the country remains Europe’s most sought after destination for foreign direct investment, Germany Trade & Invest said on Tuesday.
Other countries such as Switzerland and France have also noted declines as companies lean towards mergers and acquisitions rather than investments in an uncertain economic environment, the economic development agency’s managing director Achim Hartig said.
Pledged investments were of higher value than previous years, with the largest from energy company BP, which plans to spend 6.8 billion euros ($7.36 billion) on two wind farms in the North Sea.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.
