“I had no influence here”

Şerban Iftime is the manager of Elsaco Electronic, a company that had a profit of 22.5 million lei, on a turnover of 348.4 million lei.

• Elasco is a group of companies predominantly present in the fields of water, energy and utilities, with the main objective of increasing energy efficiency, according to the description on the website.

Şerban, Valeriu Iftime's son, was appointed honorary adviser to President Nicușor Dan

Şerban Iftime was appointed honorary adviser, unpaid, to President Nicușor Dan, on economic and social policies.

According to presidency.ro, Nicușor Dan signed the following decrees on November 13:

• Decree for the appointment of Mr. Valentin-Sorin Costreie as presidential advisor, starting on November 17, 2025 (Education and Research Department);

• Decree for the appointment of Mr. Vlad Ionescu as state councilor, starting on December 1, 2025 (Department of Foreign Policy, Strategic Partnerships and Romanians Everywhere);

• Decree for the appointment of Mrs. Mădălina-Gabriela Fătu to the position of State Counselor, starting on November 17, 2025 (General Secretariat of the Presidential Administration);

• Decree regarding the granting of the title of honorary adviser for resilience, innovation and European solidarity to Mr. Vlad Vasile-Voiculescu, starting on November 17, 2025;

• Decree regarding the granting of honorary councilor status to Mr. Șerban Iftime, starting on November 17, 2025 (Department of Economic and Social Policies).

There were about five proposals. There were five people studied. I had no influence here. You simply have to see if the child has a good CV and if there is a well-structured file behind it.

– Valeriu Iftime, for BotoșaniNews