Novonite: Bulgarian EconMin: Huge Money at Stake over Shale Gas

Bulgaria's Economy and Energy Minister, Traicho Traikov, believes that powerful financial interests were behind the mass protests in the country against the exploration of shale gas.

Speaking for the largest private Bulgarian TV channel bTV Monday morning, Traikov declared that the protests have been organized through a large-scale PR campaign, backed by substantial financing.

"In the case with shale gas extraction, there were a motivated elite, and people who adopted the idea, being misled that it was in their interest – those who protested and those who negotiated with us were fully aware of it," the Minister told the hosts, stressing that in principle one must always look for explanation in the direction of money.

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