 In 1967, he started the "Drăgan European Foundation", which has the goal to promote the "values of the Romanian civilization".He was also the founder of two publishing houses ("Nagard" in Italy and "Europa Nova" in Romania), a privately owned university, "Universitatea Europeană Drăgan" (founded in 1991 in Lugoj), a TV station, a radio station ("Radio NovaFm") and a weekly newspaper ("Redeșteptarea") and a daily local newspaper ("Renașterea Bănățeană"), all in Romania.He also funded the Statue of Decebalus, a 40-meter high carving, near Orşova.