Văcăroiu Cabinet
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Văcăroiu Cabinet
The Văcăroiu Cabinet was the 111th cabinet of Romania between 1992 and 1996, led by Nicolae Văcăroiu. After the 1992 general elections, when FDSN obtained 27.75% of the votes in the Chamber of Deputies, and 28.31% in the Senate, the reelected President, Ion Iliescu, nominated in November 1992 Nicolae Văcăroiu as Prime Minister of a minority cabinet formed by FDSN. The Văcăroiu Cabinet was supported in the Romanian parliament by a legislative coalition called ”the Red Quadrilateral” between FDSN, PRM (Partidul România Mare, the Great Romania Party), PUNR (Partidul Unității Naționale a Românilor, the National Unity of Romanians Party), PDAR (Partidul Democrației Agrare din România, the Agrarian Democracy from Romania Party), and PSM (Partidul Socialist al Muncii, the Socialist Party of Labour). Membership Văcăroiu Cabinet was a minority cabinet formed by members of the , and Prime Minister: * Ministers of State * * * * Ministers * (Justice) * ( Finance) ...
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Nicolae Văcăroiu
Nicolae Văcăroiu (; born on 5 December 1943 in Cetatea Albă, now Bilhorod-Dnistrovskyi in Ukraine) is a Romanian politician, member of the Social Democratic Party (PSD), who served as Prime Minister between 1992 and 1996. Before the 1989 Revolution he worked at the Committee for State Planning, together with Theodor Stolojan. He was the President of the Senate of Romania for almost eight years, during two legislatures (2000–2004 and 2004–2008). Political activity On November 20, 1992, he was appointed to the role of Prime Minister of Romania. Internally, his prime ministerial mandate began with some limited economic reforms in the areas of fiscal, budgetary, monetary and industrial prices, which made possible the resumption of Romania's economic growth since 1993. Between 1993 and 1996, GDP grew by 17.5%, after a contraction of 24.5% in 1990-1992 immediately after the fall of the communist regime. After a fall in industrial production, between 1990 and 1992, 49% saw ...
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