After the fall of the communist regime following the Revolution of December 1989, Abbot Hyacinth steered the monastery in such a way that the transition to outer freedom would not give rise to internal imbalances, as was the case of many institutions and many Romanians. Due to his old age, in December of 1992 Archimandrite Hyacinth Unciuleac retired from his abbacy, and the brotherhood elected Hieromonk Melchizedek Velnic as abbot of the monastery.

The first important initiative after December 22, 1989 was the reopening of the Sihăstria Putnei (“Putna Hermitage”) Skete with monks from among Putna’s brotherhood. In 2001, the skete became a full‑fledged monastery.

New workshops were set up. In addition to the tailoring workshop, a painting one was added in 1996, where fathers who had apprenticed at Makri Monastery in Greece began to paint Byzantine icons. The connection with Makri Monastery, strengthened especially through its father confessor, Archimandrite Polycarp Matzaroglu, was particularly fruitful. Sculpture, icon restoration, gilding workshops followed soon.

During those years, the construction, maintenance, and necessary endowment of the monastery continued. New cells were built. The Bessarion Puiu Guest House was restored for pilgrims and a new guest house, Saint Nicholas, was built, along with a chapel consecrated to the same saint. In 2015-2019, the National Investment Company built the “Metropolitan Jacob of Putna” Cultural Center. With the help of the same National Investment Company, the “Saint Nicholas” House was built between 2021 and 2023.

In that same period important visits were received. On April 25, 1992, at the invitation of Abbot Pimen, King Michael came to Putna to partake in the Feast of the Lord’s Resurrection. It was the King’s very first visit after his expulsion by the communist regime in 1947.

In 1994, Archbishop of Canterbury, Robert Runcie, visited Putna accompanied by Patriarch Theoctistus.

On October 30, 1995, during the manifestation occasioned by the 110 years of autocephaly of the Romanian Orthodox Church and the 70 years since the recognition of the Romanian Orthodox Patriarchate, a delegation of the Patriarch of Constantinople, Bartholomew I, and representatives of all the Orthodox patriarchates arrived to Putna. The following day the Holy Liturgy was officiated by Patriarch Pavle of Serbia.

The monastery hosted various student events, such as the Congress of the Romanian Orthodox Christian Student Association (2005) and the Young Romania Congress (2011), and numerous pupil manifestations: religion olympics, the Contest of National Culture and Spirituality, and other competitions and camps. Putna monks were asked to serve or to speak on spiritual topics in different places in Romania, Bessarabia, northern Bukovina, and abroad.

With the support and care of the monastery, new sketes, such as Putna Hermitage, Daniel the Hermit Hermitage, Saint Elijah—Salaș Hermitage, and the Metochion of the 12 Apostles were found or built.

The canonization of Saint Stephen the Great along with that of Saint Daniel the Hermit on July 2, 1992 represented a consecration of the piety the Romanian people always had for their glorious voivode. The solemn proclamation of his canonization was held at Putna on his feast day, July 2, in the presence of Patriarch Theoctistus and a great number of hierarchs and clerics.

The celebration of July 2, 2004 marked the 500 years since the death of Saint Stephen the Great, and it involved many preparatory activities: the restoration of the iconostasis; the planting on the Cross Hill of fir‑trees that spell out the name ȘTEFAN; the elevating on the same hill of a 28‑meter metal cross, on which Radio Trinitas Putna’s broadcast antenna was mounted.

The second of July was the Day of the Great Celebration. As recognition of Saint Stephen’s fruitful sacrifice for the Church, Patriarch Theoctistus and 35 other members of the Holy Synod of the Romanian Orthodox Church participated in the Divine Liturgy, honoring the one who found no rest while defending the Faith. A total of 154 clergy served.

On October 19, 2004, His Holiness Bartholomew I, Patriarch of Constantinople deposited a silver vigil lamp on Saint Stephen the Great’s tomb, as a sign of gratitude for what the glorious voivode did for Orthodoxy, heralding him “the symbol and the authentic expression of the entire Romanian nation.”

The monastery received the visits of great contemporary spiritual fathers who gave talks to the brotherhood. Among them were the following: Bishop Seraphim of Ottawa and Canada, Bishop Kallistos Ware, Archbishop Justinian Chira, Archimandrite Polycarp Matzaroglu, Archimandrite Sophian Boghiu, Archimandrite Arsenius Papacioc, Archimandrite Zachariah Zaharou, Monk Proclus Nicău.

An important moment in the monastery’s recent history, in connection with the Great Feast on July 2, 2004, was the establishment, in 2005, of the “Stephen the Great” Research and Documentation Center.

Another important cultural and scientific presence of the monastery is through the “Faith and Creation. Academician Zoe Dumitrescu Bușulenga—Nun Benedicta” Foundation.

After 350 years, the church of the monastery was finally painted, receiving the lustrous coat of icons painted in fresco on gold background by the hand of brothers Michael and Gabriel Moroșan.

Begun in 2001, the painting was blessed on August 15, 2010, the monastery’s patronal feast day, by His Beatitude Patriarch Daniel and a select synaxis of hierarchs and clerics. On the same day, Patriarch Daniel and Archbishop Pimen granted a second patronal feast to the princely church: Holy Prince Stephen the Great. On the same occasion was launched the first edition of the comprehensive monographic album dedicated to the monastery.

Year 2016 marked the 550 years since the laying of the monastery’s foundation stone. The Holy Synod of the Romanian Orthodox Church placed in the Orthodox calendar the name of Saint Jacob of Putna, Metropolitan of Moldavia; and those of his disciples, Venerable Fathers Silas, Paisius, and Nathan.

On July 10, the monastery’s new set of bells was consecrated.

Patriarch John X of Antioch visited Putna on September 25 especially for this feast, when the relics of Holy Hierarch Jacob of Putna were set into a reliquary.

Proclamation of the canonization of the Putna Saints was officiated by His Beatitude Patriarch Daniel and other members of the Holy Synod on May 14–15, 2017.

In the 2018 Centenary Year, numerous events were dedicated to the 100th anniversary of the Great Union. The Memorial Portal and the Unity Cross of the Romanian People remain two witnesses of the love of nation and the respect for the country’s forefathers.

After His Eminence Archbishop Pimen passed away into the Lord (1929–2020), the Holy Synod elected His Grace Calinic, Auxiliary Bishop of Iași, to become Archbishop of Suceava and Rădăuți. He entered monastic life in 1980, at Putna Monastery. He was the monastery’s ecclesiarch and guide and was involved in the refurbishing of the monastery precincts and the Princely Hall, in administering the monastery and offering spiritual advice to the faithful. The enthronization of His Eminence Calinic as Archbishop was held on July 26, 2020, at the Archdiocesan Cathedral in Suceava – “St. John the New” Monastery.