The European Union is increasingly on the sidelines. After the Russian invasion of Ukraine in 2022, the EU seemed to regain its role. It reacted quickly and unanimously with heavy sanctions against Russia.
Europe has "maybe 6 weeks of jet fuel left", the head of the International Energy Agency (IEA) has warned.
Romania has been, for most of its recent history, a story of potential deferred. The standard account of Romanian competitiveness, to the extent one exists in international business literature, is a cost story: cheap labor, low corporate taxes, a large domestic market for Central and Eastern European standards.
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