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Élysée Refashions 'Choose France' Into Domestic Summit to Reassure French CEOs

Ministers will brief company leaders on the budget debate as businesses report postponed investments, with some shifting projects abroad.

Overview

  • The Nov. 17 gathering swaps the usual Versailles showcase for roundtables at Paris’s Maison de la Chimie and a working dinner at the Élysée, with invitations limited to French company leaders and attendance expected to top 100.
  • Defence Minister Sébastien Lecornu is set to open the event, and Public Accounts Minister Amélie de Montchalin will lead a session to report on budget negotiations that are due to run through December.
  • Organizers expect corporate announcements, including a planned Urgo factory in the Loire and a Safran carbon‑brake plant estimated at €450 million, with reports also citing possible news involving Sanofi and Mistral.
  • The Élysée frames the edition as a confidence‑building exercise to send positive signals to business and to project an image of a country that produces and invests.
  • Business groups say recent fiscal measures total about €53 billion, with on‑the‑ground accounts of delayed spending and some capital moving abroad, and first‑half data show factory closures outnumbered openings two to one.