EU responsible for significant proportion of Brussels economy

Written by Martin Banks on 29 June 2010 in News

A senior Brussels government minister has admitted that the city depends heavily on the presence of EU institutions.

Speaking to on Tuesday, Jean-Luc Vanraes went so far as to concede that the city's prosperity "is a consequence of the European presence".

His comments, just two days before the start of the Belgian EU presidency, will be seen by some as countering criticism of the cost to Belgium of the EU and its various institutions and bodies.

Vanraes, responsible for external relations, said, "The EU brings a huge added economic value to the city. Many large companies establish themselves here and the result is that this region has become the country's main economic powerhouse.

"We have to keep it this way. The present prosperity of our region is a consequence of the European presence. But that does not mean we have to stand still.

"For a city like Brussels, the failure to evolve in line with others irrevocably signifies lost ground. The expansion of the EU will increase competition with Brussels so we have to make even more use of our European assets, tap new markets and attract new companies and continue to build up our image.

"The aim is to ensure Brussels can remain the gateway to Europe."

He was speaking at the press launch of the various events and initiatives planned to mark the contribution Brussels will make to the six-month rotating presidency.

Belgium takes over from Spain at the helm of the presidency from 1 July. The presidency has lost some of its powers under the Lisbon treaty but, even so, remains an important part of the EU decision-making process.

He said that the Brussels "brand" is worth some $540bn to the city, adding that 200 European regions have offices in Brussels while it also plays host to 160 ambassadors, 2500 diplomats and 15,000 lobbyists.

"If one adds up all the employees and their families who have some connection with the international community, you arrive at a figure of 105,000, or 10 percent of the population of the city," he said.

About the author

Martin Banks is a journalist for the Parliament Magazine

Interested in this content?

Sign up to our free daily email bulletins.


Share this page



Related Partner Content

Europe’s soft drinks industry: Rooted in the European economy
4 September 2018

Sigrid Ligné explains how the European soft drinks industry generates revenue for economies across the EU.

A new EU industrial strategy would drive health and growth
5 November 2019

Europe must play to its strengths and pharma is an area of strategic economic and social value where the EU is a global player, writes EFPIA's Nathalie Moll.

How Europe has priced out innovation: the example of plants
16 January 2019

Europe is lagging behind on several breakthrough technologies, especially in the field of agricultural biotechnology, explains Joanna Dupont-Inglis.