Profit of Romanian Lottery invested in residences, cinema and books

The Romanian Lottery will contribute to the financing of new residences for youth, gym halls and the Sport Arenas. At least 60% of the Lottery’s profit is to be invested in the residential projects, according to a press release by the Romanian Government.

The investments are valued at more than 15 million Euros.

0.4% of the profit will go to books and publications for the public libraries, whereas 1% is destined to contribute to the Cinema fund.

The profit from sports bets will be invested into sport activities. In 2006, the sum tops 148,000 Euros. The estimations show a profit increase of 5.1% compared to 2005, amounting to 31 million Euros.