Theodor Stolojan

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Theodor Stolojan
Prime Minister of Romania
In office
1 October 1991 – 19 November 1992
PresidentIon Iliescu
Preceded byPetre Roman
Succeeded byNicolae Văcăroiu
Member of the European Parliament for Romania
In office
10 December 2007 – 1 July 2019
Minister of Public Finance
In office
28 June 1990 – 30 April 1991
Prime MinisterPetre Roman
Preceded byIon Pățan
Succeeded byEugen Dijmărescu
Leader of the National Liberal Party
In office
24 August 2002 – 2 October 2004
Preceded byValeriu Stoica
Succeeded byCălin Popescu-Tăriceanu
Leader of the Liberal Democratic Party
In office
31 March 2007 – 15 December 2007
Succeeded byEmil Boc (merged into the Democratic Liberal Party)
Personal details
Born (1943-10-24) 24 October 1943 (age 80)
Târgoviște, Romania
Political partyNational Liberal Party
(2000–2006; 2014–present)
European People's Party (2007–present)
Other political
Romanian Communist Party (before 1989)
National Salvation Front (1989–1993)
Independent (1993–2000)
Liberal Democratic Party (2006–2007)
Democratic Liberal Party (2007–2014)
SpouseElena Stolojan
Alma materBucharest Academy of Economic Studies (ASE)

Theodor Dumitru Stolojan (Romanian pronunciation: [teˈodor stoloˈʒan]; born 24 October 1943) is a Romanian politician who was Prime Minister of Romania from September 1991 to November 1992. An economist by training, he was also one of the presidents of the National Liberal Party (PNL) before being the founding leader of the Liberal Democratic Party (PLD) and then the Democratic Liberal Party (PDL). He was a Member of the European Parliament for Romania, representing the Democratic Liberal Party (PDL) and then the National Liberal Party (PNL; both EPP-ED-affiliated). He was also professor at the Transilvania University of Brașov between 2002 and 2012.[1]


Before the Romanian Revolution, Stolojan worked at the Committee for State Planning, together with Nicolae Văcăroiu, who subsequently became President of the Senate between 20 December 2000 and 14 October 2008.[2]

During the rule of Nicolae Ceaușescu, he worked at the Ministry of Finances between 1972 and 1977 as an economist in the State Budget Department, then between 1978 and 1982 as Chief of Accountancy of State Budget and then as deputy director of the Department for Foreign Exchange and International Financial Relations[3] until the Romanian Revolution.

He was the Prime minister of Romania from September 1991 to November 1992, then worked for the World Bank and for a Romanian private company. In 1992, the Stolojan government began an austerity plan, limiting wages and further liberalising prices. The economic situation deteriorated and inflation as well as unemployment increased substantially.[4] After his term ended, he worked at the World Bank.[5][6]

In 2000, he re-entered politics as a member of the National Liberal Party (PNL); he ran for the presidency of Romania in the November 2000 elections, but came in third, behind Ion Iliescu and Corneliu Vadim Tudor. He was named president of the PNL in August 2002.

In 2003, his party approached the Democratic Party leader Traian Băsescu, at that time the mayor of Bucharest, and initiated an alliance named "D.A. - Dreptate şi Adevăr" (Justice and Truth Alliance). In February 2004, he was chosen as the alliance's candidate in the Romanian presidential election of November 2004.

On 2 October 2004, Stolojan surprisingly stepped down from the leadership of the PNL and also withdrew from the presidential race. He cited serious health problems as a reason for his decision. Stolojan became a senior advisor to Băsescu after the latter was inaugurated as president on 20 December 2004.

On 10 October 2006, Stolojan was expelled from the PNL,[7] and in December he formed a new party, the Liberal Democrats (PLD), whose president he was elected at the first PLD congress on 31 March 2007. In January 2008, the PLD merged with the Democratic Party to form the Democratic Liberal Party (PDL), of which Stolojan was then a member.

The PDL won the most seats in the 2008 election, and on 10 December 2008, Stolojan was designated prime minister of Romania by President Traian Băsescu. Five days later, he withdrew his acceptance, saying he was stepping down in favour of a younger candidate; Emil Boc was then selected.[8]

Personal life[edit]

He and his wife Elena have a son, Vlad Stolojan, and a daughter, Ada Palea.

Electoral history[edit]

Presidential elections[edit]

Election Affiliation First round Second round
Votes Percentage Position Votes Percentage Position
2000 PNL 1,321,420
 3rd  not qualified


  1. ^ "Theodor Dumitru STOLOJAN | Eurodrepturi".
  2. ^ (in Romanian) Văcăroiu, un funcţionar de la Comitetul Planificării comuniste, schimbă destinul României (Văcăroiu, A Clerk of the Communist Committee of State Planning, Changes the Destiny of Romania Archived 2007-09-27 at the Wayback Machine, in Evenimentul Zilei, April 20, 2007
  3. ^ "Debt Halved, Romania Says", November 26, 1986, New York Times
  4. ^ Roper, p. 93.
  5. ^ "Theodor Stolojan RUPE tăcerea despre PENSIE. Cât primește după 6 ani la Banca Mondială și Parlamentul European: Cât să trăiesc DECENT". 20 February 2021.
  6. ^ "Theodor Stolojan are trei pensii. "Fac parte din clasa de mijloc"". 19 May 2021.
  7. ^ "Stolojan a fost exclus din PNL Archived 2007-08-12 at the Wayback Machine", Ziua, 11 October 2006.
  8. ^ "Surprise nominee for Romania's PM". December 15, 2008 – via
Political offices
Preceded by Minister of Finance
Succeeded by
Preceded by Prime Minister of Romania
Succeeded by
Party political offices
Preceded by President of the National Liberal Party
Succeeded by
New political party President of the Liberal Democratic Party
Party dissolved