Costreie serves as deputy general manager within the ministry.
The government decided last week to place Oltchim under administration, in order to make the company solvent and get it ready for privatization later in the year.
Identifying Oltchim’s unused assets that may be sold or transferred and sending debt rescheduling requests to utility providers are among Costreie’s duties as special administrator.
Prime Minister Victor Ponta said last week that the sale of the state’s stake in Oltchim remains one of the government’s priorities. The deadline agreed upon with the International Monetary Fund is the end of September.
The Econom Ministry owns 54.8% of the chemical producer’s stock. The shareholders also include German company PCC SE (18.3%) and UK-registered investment fund Carlson Ventures (14.02%), through Nachbar Services.
Oltchim reported a loss of 82.8 million lei (EUR19 million) in the first quarter, from RON2.64 million in the same period of 2011.
Total revenue decreased 49.3% to RON263.4 million in the first quarter, while overall costs were down 33.7% to RON346.2 million.
Oltchim had debts of RON2.55 billion at the end of March, mainly to energy company Electrica, banks and privatization authority AVAS.