This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-42050742

The article has changed 5 times. There is an RSS feed of changes available.

Version 3 Version 4
Amsterdam wins bid to host EU medicines agency post-Brexit Paris and Amsterdam to host key EU agencies post-Brexit
(about 1 hour later)
Amsterdam has won a vote to host the European Medicines Agency (EMA) which will relocate from London after the UK leaves the European Union. Paris has won a battle to host the European Banking Authority (EBA), which will relocate from London after the UK leaves the European Union.
The UK is losing both the EMA and the European Banking Authority (EBA) which employ around 1,000 people. The French capital's victory follows a win earlier for Amsterdam, which will host the London-based European Medicines Agency (EMA).
Ministers from the 27 EU countries remaining in the bloc after the UK departs in 2019 have taken part in the secret ballot. Paris was picked after lots were drawn when three rounds of voting failed to produce a winner.
They will now vote later on the new home for the EBA. The EMA and the EBA currently employ about 1,000 people in London.
Some 16 cities bid for the EMA, while eight want to host the EBA - Brussels, Dublin, Frankfurt, Paris, Prague, Luxembourg City, Vienna and Warsaw. French President Emmanuel Macron tweeted that the win for Paris was "a recognition of France's attractiveness and European commitment".
Ministers from the 27 EU countries remaining in the bloc after the UK departs in 2019 took part in a secret ballot to pick the victors.
Some 16 cities bid for the EMA, while eight wanted to host the EBA - Brussels, Dublin, Frankfurt, Paris, Prague, Luxembourg City, Vienna and Warsaw.
The final vote pitched Paris against Dublin. Frankfurt, which is home to the European Central Bank, lost out early in the voting.
The EMA is the more alluring of the two bodies, as it promises to make its new host into a hub for Europe's medical industry.The EMA is the more alluring of the two bodies, as it promises to make its new host into a hub for Europe's medical industry.
The city that won the EMA must then drop out of the running for the banking authority. Commenting on the decision to award the EMA to Amsterdam, Italy's Europe Minister Sandro Gozi said: "It's like losing a final on penalties."
Steve Bates, chief executive of the UK's BioIndustry Association, said: "Businesses now need certainty. The best way to do this is by an early agreement to a transition timeframe and continued close regulatory cooperation.
"We must now ensure Brexit does not disrupt the safe supply of vital medicines to tens of millions of families in the EU 27 and the UK."
Slovakia had been campaigning hard to make the case for relocating the EMA to Bratislava. Following its failure to win, diplomats say Slovakia may seek to cushion the blow by seeking support for its finance minister becoming chair of the Eurogroup, which runs policy for the eurozone.Slovakia had been campaigning hard to make the case for relocating the EMA to Bratislava. Following its failure to win, diplomats say Slovakia may seek to cushion the blow by seeking support for its finance minister becoming chair of the Eurogroup, which runs policy for the eurozone.
What is the EMA?What is the EMA?
What is the EBA?What is the EBA?