Career
He was elected Mayor of Slatina twice (in 2004 and 2008) on the behalf of the Democratic-Liberal Party. Between August and December 2014 he was the Budget Minister in the Third Ponta Cabinet, while from December 2014 to March 2015, he was the Minister of Finance in the Fourth Ponta Cabinet. Vâlcov resigned on March 15, 2015 following the corruption investigation of the National Anticorruption Directorate.