The National Liberal Party of Romania was re-founded in January, 1990, a few days after the end of the 1989 Romanian revolution. At that time, the party revolved around two political leaders such as Radu Câmpeanu and Mircea Ionescu-Quintus, both former youth liberal leaders during the interwar period and after World War II. At the 1990 general elections, the PNL became the third largest party in Romania and its then leader, Radu Câmpeanu, finished second in the same year's presidential elections, with 10.6% of the cast votes, behind Ion Iliescu.