Manuel Costescu has resigned from the Supervisory Board of Transelectrica, following his election on the list of Chamber of deputies on behalf of Union Save Romania (USR), told energynomics.ro USR’s campaign director, Matei Paun.

”Transelectrica SA informs the investor public that at its meeting of 14 December 2016 the Supervisory Board acknowledged the resignation of Mr Manuel Costescu from his capacity of member in the Supervisory Board of Transelectrica, beginning with 13 December 2016. At present the Supervisory Board carry out activities with the members in office as of the date of this Communiqué”, writes a release of the company sent to the Bucharest Exchange.

Previously, Manuel Costescu served as State Secretary at the Ministry of Economy, Trade and Business Environment Relations, which left to participate in elections in Romania Save Union (USR) on Deputies for Diaspora list.

Costescu was secretary of state since June 2016, having previously held the same position at the Department for Foreign Investment and Public-Private Partnership.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.