Vienna

OPEC oil price inches back above 35 dollars

Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose back above the 35-dollar-mark Wednesday, the cartel announced Friday.

In 2009, culture capital Linz deals with its dark past

In 2009, culture capital Linz deals with its dark pastVienna/Linz, Austria  - Some European Capitals of Culture are luckier than others. While this year Liverpool banked on the Beatles, the Austrian town of Linz has to grapple with its connection to Adolf Hitler in 2009.

But besides using the opportunity to deal with the fact that Hitler planned to make Linz a major cultural centre of the Third Reich, the steel town along the Danube river will offer a host of quirky cultural projects geared towards a wide public rather than a select few.

European Council decries corruption in Austria

Strasbourg/Vienna - The Group of States against Corruption (GRECO) said Friday that corruption was common in Austria and legal measures against it were still in the early stages, according to a spokesman and a report presented in Strasbourg.

In the construction business, in political life and in public administration, such practices were common occurrences, said a spokesman for GRECO, which was founded by the Council of Europe.

Although Austria had initiated some anti-corruption measures, "overall, the country is still at an early stage of the fight against corruption," the report said.

Austrian economy to shrink by up to 0.5 per cent in 2009

Austria MapVienna - Austria's economy will shrink by up to 0.5 per cent in 2009, economists predicted Friday, as the global economic downturn leads to lower exports.

The WIFO institute lowered its projection to a contraction of 0.5 per cent, while researchers at the IHS institute expect a decrease by 0.1 per cent.

In October, the independent institutes had predicted growth rates between 0.9 and 1.2 per cent.

WIFO and IHS both forecast growth of 1.8 per cent this year, a downward revision by 0.2 percentage points, as the economy is expected to contract slightly in the fourth quarter.

OPEC oil price slides below 40 dollars again despite cutback move

OPEC oil price slides below 40 dollars again despite cutback moveVienna - The price for oil produced by the Organization of the
Petroleum Exporting Countries (OPEC) slid below the 40-dollar mark for
the second time this month on Thursday, despite the cartel's announced
production cut, OPEC said Friday.

The basket price for crude oil produced by OPEC stood at 39.48
dollars per barrel (159 litres) Thursday, 1.47 dollars less than on the
previous day, the Vienna-based organisation said.

OPEC's oil price fell in line with international crude prices. Oil

Pianist Brendel concludes career with concert in Vienna

Pianist Brendel concludes career with concert in ViennaVienna  - Alfred Brendel, considered one of the most famous pianists, ended his career Thursday evening to standing ovations, after playing his last concert in Vienna's Musikverein concert hall.

Together with the Vienna Philharmonics conducted by Sir Charles Mackerras, the 77-year-old Austrian musician performed Mozart's piano concerto No. 9, "in his usual unpretentious, humble manner, without airs and graces," Austrian news agency APA wrote.

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