Romanians have sent money back home from 170 countries in the world, according to Western Union. The remittances are higher in the countries where the Romanian communities are bigger – in Europe, in the US and even in the Persian Golf.

Romanian investor Dinu Patriciu and journalist Sorin Rosca Stanescu have recently launched an online bookstore under the brand Corect Books, which will sell only digital books. The investment in the project was of EUR 100,000, but will reach EUR 2 million for a wider project which includes a media portal as well.

Local private health care service operator Gral Medical posted EUR 9 million revenues in the first eight months of the year, exceeding its expectations for the entire 2010, the company has announced.

The famous 'Ox Cart' painting by Romanian painter Nicolae Grigorescu, which was auctioned for EUR 155,000 last week in Bucharest, is among the most expensive art works sold in Romania so far. The painting's value was estimated between EUR 150,000 and EUR 250,000. The painting was sold at Artmark's auction last week and the buyer was Romanian investor Mircea Cristian Vescan, the owner of Armax Gaz Medias, according to Romanian media.

The number of foreign tourists who entered Romania was 8.9 percent higher in August compared with the same month a year before, while the number of tourists accommodated was down 15.2 percent on the year, the National Statistics Institute said Monday.

Bucharest is down five places on last year's ranking in the European Cities Monitor by real estate consultancy Cushman & Wakefield. The Romanian Capital city ranks second to last, on the 35th position, being followed only by Athens. The top takes into account companies' preferences on European cities where they could expand, looking at several criteria, among which the cost of staff.

French hypermarket chain Cora has signed a lease agreement to open a hypermarket in GTC's Galleria Arad, which will be inaugurated in 2011. Romania Hypermarche, which runs the Cora hypermarket chain in Romania, will open a 9,000 sqm hypermarket in Galleria Arad as the first shop in the city.

The Romanian Central Bank governor Mugur Isarescu believes Romania no longer needs a new financial agreement with the International Monetary Fund (IMF).

Bogdan Speteanu is the new general manager of BCR Leasing non-banking financial institution. Speteanu has previously worked as program director with Erste Group in Vienna. He has replaced Thomas Tolazzi.

Romanian investor Dinu Patriciu and journalist Sorin Rosca Stanescu have recently launched an online bookstore under the brand Corect Books, which will sell only digital books. The investment in the project was of EUR 100,000, but will reach EUR 2 million for a wider project which includes a media portal as well.

Romanians have sent money back home from 170 countries in the world, according to Western Union. The remittances are higher in the countries where the Romanian communities are bigger – in Europe, in the US and even in the Persian Golf.

Romanian investor Dinu Patriciu and journalist Sorin Rosca Stanescu have recently launched an online bookstore under the brand Corect Books, which will sell only digital books. The investment in the project was of EUR 100,000, but will reach EUR 2 million for a wider project which includes a media portal as well.

Local private health care service operator Gral Medical posted EUR 9 million revenues in the first eight months of the year, exceeding its expectations for the entire 2010, the company has announced.

The famous 'Ox Cart' painting by Romanian painter Nicolae Grigorescu, which was auctioned for EUR 155,000 last week in Bucharest, is among the most expensive art works sold in Romania so far. The painting's value was estimated between EUR 150,000 and EUR 250,000. The painting was sold at Artmark's auction last week and the buyer was Romanian investor Mircea Cristian Vescan, the owner of Armax Gaz Medias, according to Romanian media.

The number of foreign tourists who entered Romania was 8.9 percent higher in August compared with the same month a year before, while the number of tourists accommodated was down 15.2 percent on the year, the National Statistics Institute said Monday.

Bucharest is down five places on last year's ranking in the European Cities Monitor by real estate consultancy Cushman & Wakefield. The Romanian Capital city ranks second to last, on the 35th position, being followed only by Athens. The top takes into account companies' preferences on European cities where they could expand, looking at several criteria, among which the cost of staff.

French hypermarket chain Cora has signed a lease agreement to open a hypermarket in GTC's Galleria Arad, which will be inaugurated in 2011. Romania Hypermarche, which runs the Cora hypermarket chain in Romania, will open a 9,000 sqm hypermarket in Galleria Arad as the first shop in the city.

The Romanian Central Bank governor Mugur Isarescu believes Romania no longer needs a new financial agreement with the International Monetary Fund (IMF).

Bogdan Speteanu is the new general manager of BCR Leasing non-banking financial institution. Speteanu has previously worked as program director with Erste Group in Vienna. He has replaced Thomas Tolazzi.

Romanian investor Dinu Patriciu and journalist Sorin Rosca Stanescu have recently launched an online bookstore under the brand Corect Books, which will sell only digital books. The investment in the project was of EUR 100,000, but will reach EUR 2 million for a wider project which includes a media portal as well.