dglobalnews.com Hungary not interested in attracting European Union institutions from London after Brexit
Published: Wed, August 02, 2017
Global Media | By Cecelia Webb

Hungary not interested in attracting European Union institutions from London after Brexit

Hungary not interested in attracting European Union institutions from London after Brexit

The European Council said Tuesday that it has received 19 bids from cities wanting to host the European Medicines Agency (EMA), which is set to leave London due to Brexit. The country aims to host the European Banking Authority (EBA).

Hosting EU agencies is an economic and political boon for member states.

The European Commission will publish an assessment of the offers by September 30th.

European states have until midnight on Monday to bid for two major United Kingdom -based EU agencies which will be relocated amid Britain's departure from the European Union.

Amsterdam, Athens, Barcelona, Bonn, Bratislava, Brussels, Bucharest, Copenhagen, Dublin, Helsinki, Lille (France), Milan, Porto (Portugal), Sofia (Bulgaria), Stockholm, Malta, Vienna, Warsaw and Zagreb (Croatia) are vying for the medicines agency.

The Irish Department of Health said Dublin meets all of the criteria necessary to successfully host the EMA and presents an attractive option for the staff of the agency to relocate to.

Among criteria for selection are a city's infrastructure, transport links, jobs for employees' families, and the need to spread European Union institutions around Europe.

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It will also look at whether a country already hosts other European Union agencies to ensure they are not monopolised.

Four member States have made the choice to propose only one city for the two agencies: Belgium, Ireland, Austria, and Poland, who have proposed their respective capitals.

The choice will also have to take into account the so-called geographical spread - an effort to have agencies in as many member states as possible.

The banking and medicines agencies employ just over 1,000 staff between them. "This includes 40,000 hotel stays for visitors each year", the BBC article noted.

"The financial centre of Luxembourg (...) a fruitful relationship with the city of London and we really want that to continue", assured George Friden.

Eurocrats will announce which city has won later this year after leaders vote in a process which has been compared to Eurovision.

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