partner American universities. 2004 – A new legal provision (Law no. 288/2004 on the organization of academic studies) led to a major reform of the structure of the Romanian higher education. The law was enforced starting with the academic year 2005–2006 and concerned the Bologna reform and the transfer to the organization of academic studies per 3 cycles: bachelor-master-doctorate. 2007 – 2010 – the Bologna reform (2005–2008), required by the enforcement of the provisions of Law no. 288/2004 and of other legal requirements, led to the reorganization of the education offer of the Romanian-American University according to the existing study areas, related majors and the number of distributed credits. Equally, new master programs were launched, designed in line with the bachelor programs and accredited by ARACIS, as per G.D. 404/2006. For the first bachelor graduates of economic studies from the Bologna system (July 2008), the University offered 10 master programs (Bologna) accredited according to the law 2007 – 2008 – the schools in the economic area of the university became members of the Association of the Economic Schools from Romania (AFER), renowned professional-scientific body including the most valuable higher education economic institutions in Romania. 2008 (5 October) – Prof. Dr. Ion Smedescu, the Founding Rector of the university passed away (the position is taken over by Prof. Dr. Ovidiu Folcut, first in interim terms and then, starting from December 2008, permanently, as a result of the elections organized to this purpose). 2010 – the institutional assessment and the granting, on 22 July 2010, by the ARACIS Board, in unanimity of votes, of the qualification “High degree of trust”, the highest national qualification as regards the quality of educational services rendered by an academic education institution, according to the law. 2011 – Diversification of the educational offer through the accreditation of two new bachelor studies programs, exclusively taught in English: “International Business” and “Computer science for economics”. 2011 – The process of evaluation for the classification of the university and ranking of the study programs, as per the provisions of the G.D. 789/2011 on the approval of the Methodology of the evaluation for the classification of universities and ranking of the study programs and as per other legal documents (OMECTS 4072/2011, OMECTS 4174/2011 and OMECTS 5204/2011). According to the provisions of OMECTS 5262/2011 on the acknowledgement of the results on the classification of universities, the Romanian-American University is an education focused