european economic area (eea)

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European Economic Area

European Banks Face Risks In Race To Implement PSD2

Banks and their customers have so far noticed little impact from the EU's second Payment Services Directive (PSD2), which came into force in the European Economic Area (EEA) on Jan. 1 last year. The full potential effect of PSD2--designed to boost competition and the variety of products in the payments space--will only materialize on Sept.

Nearly 700,000 Europeans with Permission to Stay in the UK After Brexit

Nearly 700,000 people have been granted permission to remain in the UK after Brexit, the UK Department of the Interior reported, e-mailing the Daily Mail.About 166,900 people turned to the government scheme to settle European citizens in May to secure their status after Brexit, according to statistics.


President Iohannis, Norwegian ForMin discuss Romania's priorities during Presidency of EU Council

President Klaus Iohannis on Monday welcomed Norway's Foreign Affairs Minister Ine Marie Eriksen Soreide to introduce Romania's priorities as holder of the Presidency of the Council of the European Union and the main challenges of this tenure.

Germany has "special plan for Western Balkans"

German Chancellor Angela Merkel grimaces as she arrives for the weekly cabinet meeting at the chancellery in Berlin, Germany, Wednesday, Oct. 14, 2015. (AP Photo/Michael Sohn)

Germany has prepared "a special program for the Western Balkans" - as compensation for the long wait of the region's countries to join the EU, writes a daily.