President Traian Basescu nominated on Wednesday Democratic-Liberal (PD-L) representative Theodor Stolojan for the seat of prime minister following the November 30 general elections. Stolojan said today he will continue talks with the Social Democrats (PSD) to form the government, which then has to be approved by the Parliament. Stolojan is an economist with an experience going way back into the communist era but who was generally seen as a reformist following the 1989 revolution.

Theodor Stolojan's professional profile:

Serving in various positions within the Finance Ministry starting 1972:1972 - 1977 economist at the State Budget Department;

1978 - 1982 head of the State Budget Accounting division;

1988 - 1989 deputy manager and manager of the International Financial and Currency Relations Department; Inspector General at the State Income Department and Consultant at the Finance Ministry.

He remains at the Finance Ministry following the 1989 Revolution, first as deputy Finance Minister and then, for the period of June 1990-April 2001, as Finance MinisterHe then becomes head of the National Privatization Agency working on the first draft Law on privatization and on the creation of the State Property Fund.He becomes Prime Minister following the second miner's crusade to Bucharest in September 1991, which led to the fall of the Petre Roman government.He was forced into deciding the recapitalization of Romanian banks as the Romanian economy was going through hard times and five state-owned banks were close to bankruptcyHe served as Prime Minister for the period of October 1991-November 1992, during which he also made another important decision - that of price liberalization without the liberalization of the exchange rate.During his stay as Prime Minister Romania faced a wave of trade union protests and continuously increasing inflati