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Foreign Investment in London Increases by One Third

London's business community has welcomed a new report showing that foreign direct investment in London increased by one third in 2002. London remains by far the most popular business destination in Europe with 125 new investments in 2002, an increase of 33% on the previous year, according to the Ernst & Young European Investment Monitor. Indeed, London continues to stand in a league of its own, accounting for 7% of all investment projects in Europe, up from 5% last year. This is double the share of its nearest competitors, Paris and Barcelona.

Source: London First Centre