19 countries officially apply to host the EMA; 8 chase EBA

Posted August 02, 2017

Eight cities have applied to become the next host of the European Banking Authority (EBA) - an organization with 159 employees that assesses risks and vulnerabilities in the banking sector.

Ireland has submitted its formal bid to relocate the European Medicines Agency (EMA) from London to Dublin.

Races for the jobs and prestige associated with hosting European Union agencies often become heated, but this diplomatic contest risks weakening the unity of the EU's 27 remaining states in the midst of delicate two-year Brexit talks that started in March.

It can also be found on the list Amsterdam, Athens, Barcelona, Bratislava, Bucharest, Copenhagen, Helsinki, Milan, Porto, Sofia, Stockholm, Malta and Zagreb.

THE battle for the spoils of Brexit began yesterday as 23 European cities launched their bids to host two London-based EU regulatory agencies that will be forced to leave the British capital.

The government has launched a bid to get the European Medicines Agency to move from London to Dublin.

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The criteria include: that the agencies can be up and running when Britain withdraws from the European Union in March 2019; that the location is easily accessible with frequent flight connections; and that there are appropriate schooling and work opportunities for the children and spouses of European Union staff.

One of the criteria for hosting the EMA is to have good transport links with the main cities of the EU.

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 deadline for applications was Monday at midnight.

The European Parliament representative for the EMA and Member of the European Parliament from Croatia Biljana Borzan says that, in the past months, there is a fierce competition among countries which want to host the agency.

The German financial hub of Frankfurt is the frontrunner for the EBA, followed by Paris and Luxembourg and Prague, while Brussels, Dublin, Vienna and Warsaw have also bid.