Born in 1943. Economist. Academy of Economic Studies, Bucharest, Romania - Diploma of Economics (1966); PhD in economics (1980). 2002-present, Professor, Transilvania University, Brasov. 2004-2006, Presidential Adviser, Presidency of Romania. 2001-2002, Advisor, Tomex SRL. 1999-2000, Chairman, Tofan Corporate Finance, S.A., Bucharest. 1992-1998, Economist and senior economist, The World Bank, Department of private sector development. 1991-1992, Prime Minister of the Government of Romania. 1991, President of the National Agency for Privatization. 1990-1991, Minister of Finance. 1972-1989, Ministry of Finance – economist, chief of division, deputy director, director, general inspector. 1966-1971, economist, "Frigotehnica", Bucharest. 2006-present, President of the Liberal Democratic Party. 2008-present first vice president of the Democratic Liberal Party. MEP since 2007.