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 Romanian Association for Aeronautics (ARCA) has launched the first Romanian rocket, Helen 2, which had been placed onboard of a ship in the Constanta area in the Black Sea. The rocket was supposed to be launched last year but the mission failed because of unfavorable weather.

Cristian Sas is the new chief operating officer (COO) of the Anima Specialty Medical Services division with A&D Pharma group. Sas was previously project manager with Allianz-Tiriac insurance company, after holding management positions for 9 years with Polisano and Centrul Medical Unirea private health care services providers.

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.

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.

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.

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.

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

*IMF: Romania needs EUR 38 billion next year – in Ziarul Financiar
*Kazakhs now want state's shares in Petromidia – in Ziarul Financiar
*EUR 10,000 from the state for young people who want to start businesses – in Ziarul Financiar
*Hornbach opens the Prisma store by the end of the year – in Ziarul Financiar
*IMF money move BNR's reserves up to EUR 32.6 billion in September – in Gandul

The Nobel Prize – which will announce its 2010 winners from October 4 – went to only three Romanian-born so far. However...

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 Romanian Association for Aeronautics (ARCA) has launched the first Romanian rocket, Helen 2, which had been placed onboard of a ship in the Constanta area in the Black Sea. The rocket was supposed to be launched last year but the mission failed because of unfavorable weather.

Cristian Sas is the new chief operating officer (COO) of the Anima Specialty Medical Services division with A&D Pharma group. Sas was previously project manager with Allianz-Tiriac insurance company, after holding management positions for 9 years with Polisano and Centrul Medical Unirea private health care services providers.

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.

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.

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.

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.

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

*IMF: Romania needs EUR 38 billion next year – in Ziarul Financiar
*Kazakhs now want state's shares in Petromidia – in Ziarul Financiar
*EUR 10,000 from the state for young people who want to start businesses – in Ziarul Financiar
*Hornbach opens the Prisma store by the end of the year – in Ziarul Financiar
*IMF money move BNR's reserves up to EUR 32.6 billion in September – in Gandul

The Nobel Prize – which will announce its 2010 winners from October 4 – went to only three Romanian-born so far. However...