Viorel Stefan: State Secretary Ionut Misa appointed Finance Minister

State Secretary Ionut Misa will be appointed Romania’s new Minister of Finance in the new cabinet led by Mihai Tudose, former Finance Ministry Viorel Stefan announced on Wednesday.

Ionut Misa, general director within the National Agency of Fiscal Administration (ANAF), was appointed State Secretary with the Ministry of Finance by decision of former PM Sorin Grindeanu, which was published on Monday in the Official Gazette.

Misa made the news in October 2016 when he announced that around EUR 1 billion were brought outside of Romania by companies in the past five years.

“Only within five companies in the oil sector, retail, tobacco and commerce there were made RON 87 million adjustments. Only five companies, imagine what that means at a national level. The general direction of the big contributors today has 1,500 companies in its portfolio. The amounts are big, very big. A study we made at beginning 2015 on a portfolio of 2,500 companies had brought us to the conclusion that almost EUR 1 billion was taken out of the country in the past five years,” Misa said in October.