Bulgaria president denies banking crisis

Bulgaria president denies banking crisis

Bulgaria's president denied on Sunday its banks were on the verge of collapse as six people were arrested for "spreading false information" about the health of the country's financial institutions, AFP reports.

"There is not a crisis in the banking sector. There is a crisis of confidence and a criminal attack," President Rossen Plevneliev said after announcing a declaration of support from Bulgaria's main political parties for central bank governor Ivan Iskrov.

Six people were arrested over the weekend for "spreading false information", the National Security Agency said.

Gazprom signs South Stream Austria shareholder agreement

Gazprom signs South Stream Austria shareholder agreement

Russia’s Gazprom and Austria’s OMV oil and gas companies on Tuesday signed an agreement on the creation of a joint-stock company, South Stream Austria, outlining the principles for the construction and exploitation of the Austrian stretch of the South Stream gas pipeline.

The agreement was signed during Russian President Vladimir Putin’s visit to Vienna.

Gazprom and OMV CEOs Alexei Miller and Gerhard Roiss put their signatures under the document.