enrolment figures, tuition taxes as per education forms and the enrolment fees for the admission were also approved. 1991 (July) – the organization of the first admission exam, subsequent to which 1772 students were admitted. 1991 (11 December) – the end of 1991 witnessed the enactment and vote of the Constitution of Romania, by means of each private education was legally recognized as part of the national system of education. Under these new provisions, on the initiative of the late Prof. Ion Smedescu, the RAU Rector, on 11 December 1991, the “Romanian-American Foundation for Promoting Education and Culture” (FRAPEC) was established, by the Ruling no.34/22.01.1992 of the Court of Law of 1st Sector, Bucharest. The goal of FRAPEC was “the promotion and dissemination of Romanian cultural and civic education values in America and of American values in Romania”. Among the 27 founding members of FRAPEC there were prestigious university professors, researchers, lawyers, economists, medical doctors etc. The foundation took under its auspices the Romanian-American University, in order to abide by the law in effect and elected the late Prof. Ion Smedescu, the RAU Rector, as President. 1992 – In February 1992, the University’s Center of Scientific Research was established, and in May 1992 the first session of student scientific research presentations was organized. 1994 – 1995 – the process of temporary authorization, as per the provisions of the Law no. 88/1993 on the accreditation of higher education institutions and the acknowledgement of diplomas, and as per the Law no. 84/1995 – the law on education. 2000 – the School of European Economic Integration Studies was established, temporarily authorized by the G.D. no. 1215/2000. 2002 (15 May) – Law no. 274 on the establishment of the Romanian-American University as accredited higher education institution is published in the Official Gazette and, implicitly, the accreditation of its schools takes place, which are as follows: Management-Marketing, Domestic and International Business, Banking and Finance, Domestic and International Tourism Economics, Computer Science for Business Management, Law, Studies of European Economic Integration. 2002 (September) – the first exam at the completion of the bachelor studies is organized in the Romanian-American University. 2002 – the Ministry of Education and Research approved the organization and development of master programs (post-academic studies with a duration of 3 semesters). 2003 (October) – the inauguration of the Romanian-American University’s Campus with the attendance of representatives of the country’s leadership and of the