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.

 

Romania to cap prices of calls to EEA countries as from May 15

Fixed and mobile calls made from Romania to any country within the European Economic Area (the EU countries, plus Norway, Iceland and Liechtenstein) will not exceed 0.19 euro (excluding VAT) per minute, or 0.06 euro for a text message starting May 15, 2019, Romania's National Communications Regulation and Administration Authority (ANCOM) reported on Monday.

EU Implements Brexit 'no Deal' Contingency Plans

The European Union on Wednesday adopted back-up plans to protect essential air transport and finance in the event that Britain leaves the bloc without a Brexit deal in 100 days, reports AFP.

And the bloc also promised that British citizens living in Europe would continue to enjoy residents' rights "provided that this approach is reciprocated by the UK".

WITH HUGE MAJORITY: The EP Supported Bulgaria and Romania for Schengen

/Balkan Insight/ The European Parliament on Tuesday adopted a report stressing that Romania and Bulgaria's readiness to join the Schengen Agreement should not be linked to the rule of law in the two countries, despite the lack of consensus on the matter in the European Council, the European Union's top decision-making body.

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