Ireland bids to host two major UK-based European Union agencies after Brexit

Ireland bids to host two major UK-based European Union agencies after Brexit

Nineteen cities have bid to host the European Medicines Agency (EMA) while eight have thrown their hats into the ring for the European Banking Authority (EBA), the European Council said in a statement.

"The Council has received 27 proposals by the member states, related to 23 cities, to host the European Union agencies now based in the UK".

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.

Nineteen cities are bidding for EMA, which has almost 900 staff and acts as a one-stop-shop for approving and monitoring the safety of drugs across Europe.

The European Banking Authority and the EMA, both based in Canary Wharf in London, employ just over 1,000 staff between them, and the agencies will be relocated from the United Kingdom after Brexit.

Michael D'Arcy, Minister of State with Responsibility for Financial Services, confirmed on Monday that the Department of Finance has formally applied to the European Commission to move the authority to Dublin after Brexit.

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The EBA, whose 160 employees write and coordinate banking rules for the bloc, is coveted by Frankfurt, Paris, Luxembourg and Prague, among others.

"The EMA is strategically important for the EU's global competitiveness".

Each country will have six voting points - three for its first preference, two points for the second and one for the third. The EU 27 will then hold a political discussion on the offers in October before a secret vote in November.

Several criteria have been defined, in addition to the ability to be operational as of the transfer, which will be before the start of the british European Union (no later than the end of march 2019): the accessibility, the presence of schools, access to the labour market and to health care.

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.

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