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ECONOMY Romania's economy will be, this year as well, influenced by global uncertainties triggered by inflation, the escalation of the war in Ukraine, the energy crisis and problems in supply chains. This is one of the conclusions of a report on financial stability, made public by the National Bank of Romania. The report also mentions a systemic risk entailed by delays in reforms and in spending EU funds. On the other hand, the central bank calls on Romanians to be cautious with respect to residential real estate loans, as the high inflation triggers risks of default.
PHARMACEUTICALS Romania obtained from Brussels a 3-month suspension of exports for certain drugs, particularly in the antibiotics and oral antipyretic categories. According to Bucharest, the measure is designed to ensure the availability of such medication for Romanian patients, as the country is struggling with a wave of viral respiratory infections.
MILITARY Over 100 troops from the US 1-26 Infantry Battalion are training with Romanian troops from the "Sf. Andrei" 300 Infantry Battalion in Galaţi until March this year. According to the Romanian defence ministry, the US troops were deployed late last year to the Mihai Kogălniceanu air base, and as of this week they were relocated to Galaţi. The goal of the joint training scheme is to practice working techniques, tactics and procedures, and to enhance interoperability in line with NATO requirements.
DAVOS The international community cannot afford a strategic ambiguity regarding the war in Ukraine, the Romanian foreign minister said at the World Economic Forum in Davos. He mentioned the seriousness of the security crisis and the main risks and challenges for the international system, and emphasised the need to maintain a world order based on rules, supporting peace and facilitating solutions to global problems. The Romanian official also highlighted Romania's efforts to support Ukraine, such as receiving over 3.3 million refugees and the transit of over 11 tonnes of Ukrainian grains and agricultural products, as well as the need to continue supporting this country. Mr. Aurescu had a number of meetings with representatives of the business communities in Canada and Portugal, with whom he discussed issues related to the energy sector in particular. (AMP)
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