The National Liberal Party (, PNL) is the first and most significant centre-right conservative-liberal and liberal-conservative political party in Romania. Refounded in mid January 1990, shortly after the violent and bloody 1989 Romanian Revolution which culminated in the fall of communism in Romania, it claims the legacy of the major political party of the same name, active between 1875 and 1947 in the Kingdom of Romania. Based on this legacy, it often presents itself as the first formally constituted political party in the country and the oldest party from the family of European liberal parties.