Business Directory France
France, officially the French Republic (French: République française), is a country whose territory consists of metropolitan France in western Europe, as well as several overseas regions and territories. The metropolitan area of France extends from the Mediterranean Sea to the English Channel and the North Sea, and from the Rhine to the Atlantic Ocean. The overseas territories include French Guiana in South America and several islands in the Atlantic, Pacific and Indian oceans. The country's (five of which are situated overseas) span a combined area of 643,801 square kilometres (248,573 sq mi) and have a total population of almost 67 million people. France is a unitary semi-presidential republic comprising 18 integral regions (five of which are overseas), with its capital in Paris, the country's largest city and leading cultural and commercial centre. Other major urban centres include Marseille, Lyon, Lille, Nice, Toulouse and Bordeaux.
A member of the Group of 7 (formerly G8) leading industrialised countries, as of 2014, it is ranked as the world's ninth largest and the EU's second largest economy by purchasing power parity. With 31 of the 500 biggest companies in the world in 2015, France ranks fourth in the Fortune Global 500, ahead of Germany and the UK. France joined 11 other EU members to launch the euro in 1999, with euro coins and banknotes completely replacing the French franc (₣) in 2002.
France has a mixed economy that combines extensive private enterprise with substantial state enterprise and government intervention. The government retains considerable influence over key segments of infrastructure sectors, with majority ownership of railway, electricity, aircraft, nuclear power and telecommunications. It has been relaxing its control over these sectors since the early 1990s. The government is slowly corporatising the state sector and selling off holdings in France Télécom, Air France, as well as in the insurance, banking, and defence industries. France has an important aerospace industry led by the European consortium Airbus, and has its own national spaceport, the Centre Spatial Guyanais.
According to the World Trade Organization (WTO), in 2009 France was the world's sixth largest exporter and the fourth largest importer of manufactured goods. In 2008, France was the third largest recipient of foreign direct investment among OECD countries at $118 billion, ranking behind Luxembourg (where foreign direct investment was essentially monetary transfers to banks located there) and the US ($316 billion), but above the UK ($96.9 billion), Germany ($25 billion), or Japan ($24 billion).
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