 Cluj-Napoca experienced a decade of decline during the 1990s, its international reputation suffering from the policies of its mayor at the time, Gheorghe Funar. Today, the city is one of the most important academic, cultural, industrial and business centres in Romania. Among other institutions, it hosts the country's largest university, Babeș-Bolyai University, with its famous botanical garden; nationally renowned cultural institutions; as well as the largest Romanian-owned commercial bank. In 2015, Cluj-Napoca was European Youth Capital.
