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Vienna - OPEC said Thursday that the price of its oil had risen by more than one dollar on Wednesday, reaching 58.94 dollars per barrel. The day before the price was 57.77 dollars.

Vienna - Three people were killed in the crash of a small plane Sunday near Graz in southern Austria, authorities said.

Vienna - As the first large Austrian bank to apply for government aid, Erste Group Bank AG said Thursday it will receive 2.7 billion euros (3.5 billion dollars) of public funds to strengthen its capital base.
The percentage of the bank’s debts covered by equity through the cash injection will rise to 10 per cent [...]

Vienna - Two days before the Organization of the Petroleum Exporting Countries (OPEC) was set to meet in Vienna to discuss production cuts, the cartel’s basket price fell by 3.53 dollars Wednesday.

Klagenfurt, Austria - One week after Austrian far-right leader Joerg Haider died in a car accident, his funeral, expected to be a grand official ceremony, was due to be held Saturday in the town of Klagenfurt.

Vienna - Lufthansa, Air France-KLM and the Russian carrier S7 will likely bid for the takeover of Austrian Airlines, several Austrian media reported Monday.

Vienna - OPEC ministers met to discuss oil production levels in Vienna on Tuesday, with several representatives expressing their intentions to maintain current output rates.

Alpbach, Austria - Wiener Boerse AG, Vienna’s stock exchange, expressed interest Wednesday in buying a majority stake of the Prague Stock Exchange, Austrian news agency APA reported.

Vienna - Former boxing world champion Edip Sekowitsch died Tuesday of multiple stab wounds outside a pub he owned in Vienna, Austrian media reported.