Poland eyes two key EU agencies: report

The agencies, the European Banking Authority (EBA) and the European Medicines Agency (EMA), will have to be moved from the British capital following the country’s exit from the European Union, which could take place by 2019.

The European Banking Authority was created six years ago in order to supervise the financial stability of the whole bloc.

The European Medicines Agency was formed 22 years ago but is equally important - notes Rzeczpospolita- as it approves the introduction of new medicines onto the EU market.

“Our Brexit-effect team has established the benefits of locating those institutions in Poland,” Polish European Affairs Minister Konrad Szymański told the daily.

"Our analysis must be thorough and determine what the impact of the transfer would be for the business, scientific and academic sectors,” he added.

The relocation idea has already enticed several EU member states, with Paris, Frankfurt, Milan, Luxembourg and Vienna interested in hosting the European Banking Authority, and Denmark, Spain, Italy, Ireland and France eyeing the European Medicines Agency.

According to Rzeczpospolita, applying to Brussels to relocate the EBA and EMA to Poland would be a strong signal of a more pro-European stance by the ruling Law and Justice (PiS) party after months of tensions between Warsaw and Brussels. The move must be approved by the entire government. ​

(di/pk)

Source: Rzeczpospolita