Abstract
The paper has two purposes: to present the evolution of highereducation in Romania after 1990, as an illustration of the transitionperiod in Central and Eastern Europe and as a background for thesubsequent section, and to present the results of a study concerningthe relationship between higher education and the business communityin Romania. The empirical study is based on a survey of privatecompanies from Bucharest. The survey had as its main objective to analyse the evolution and performances of graduates from both privateand state universities in the labour market, based on the companies'experiences with them. Considering the results of the study, thepaper draws conclusions in relationship with the general status ofhigher education in Romania, focusing on the needs of the companies, as major beneficiaries of higher education, along with individualsand society as a whole.
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