Romanian Lottery budgets 31m-euro profit

Compania Nationala Loteria Romana (The National Romanian Lottery) budgeted a gross profit worth 31 million euros (almost 106 million RON) this year, 9% more in euros against the gross profit in 2005, according to the spending and revenue budget published in the Official Gazette. For 2006, the Romanian Lottery estimates revenues worth 201.8 million euros (723 million RON), just 0.2% more than last year. In 2005, the Lottery saw revenues worth 199.5 million euros (724.8 million RON). The company, however, intends to reduce its expenditures by almost one percentage point, from 172.1 million euros (617 million RON) to 171 million euros (613 million RON). For this year, the company budgeted investments 3.4 times as big as last year, reaching 19.8 million euros (71 million RON). Last year the Romanian Lottery made investments worth 5.7 million euros (20.6 million RON). The Romanian Lottery also intends to increase the number of its employees from 3414 to 3421.