Economy of Paris 27.5 million euro, due to the weak European economy. The SNCF ("Société nationale des chemins de fer français", or "French National Railway Company") is France's national railway company which manages the rail traffic in France and the Principality of Monaco. It operates about 14,000 trains daily. It operates all of France's rail services, including the TGV, France's high-speed rail network. It owns 70 percent of the Thalys high-speed train to Belgium and the Netherlands, and 55 percent of the Eurostar from Paris to London. The SNCF is owned by the France state. In 2014 it had revenues of 36.138 million
SNCF historically significant: for the first time in the history of SNCF their headquarters is no longer located within the city limits of Paris. From 1999 to 2013, SNCF's headquarters were located in the Montparnasse neighborhood of the 14th arrondissement of Paris, located near the Gare Montparnasse. Prior to 1999, the SNCF's historic headquarters was located at 88 Rue Saint-Lazare in the 9th arrondissement. In 1996 the chairman of SNCF, Louis Gallois, announced that SNCF would move its headquarters to a new location during the middle of 1997. Since 1 January 2015 SNCF consists of three divisions: SNCF has full or