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Finance ministry justifies Lottery director's high wage

Marţi, 28 februarie 2006, 0:00

The Romanian Finance Ministry announced Tuesday that the Romanian Lottery’s director Nicolae Cristea earned 5.13 bln ROL last year ($18 mln), in salaries of almost 417,000 ROL justified by the Lottery’s good performances, writes a Ministry press release.

Finace minister Sebastian Vladescu explained he had no intention of changing the company’s management until Justice will rule in the case Cristea is under criminal investigation for economic wrongdoings.

Most of the money - more than 3 bln ROL- comes from the company’s good profits, the other part - 1.5bln ROL - represents indemnities. The director's monthly wage alone was 390 mln ROL.

Last year, Cristea’s revenues topped slightly 1bln ROL following cancellation by the Government of the provisions regarding profit quota gains for the employees.

Nicolae Cristea is under investigation along deputy PM George Copos in a case in which they are charged with of tax evasion amounting to some 40 billion ROL (USD 1,33 million).

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