Brussels is the home of the most important European institutions, in particular, the central competition authority, the European Commission. 
The relevance of European regulations and legal initiatives is increasing for all manner of business activities. Companies in all sectors are directly subject to European competition regulations which provide a framework for their ability to make economic decisions and act freely. Moreover, the regulations relating to sectors such as banking, chemistry, energy, air travel, media, pharmaceuticals and insurance are becoming in increasingly complex.