Czech billionaire becomes PM with promise to cut ties to business empire
Billionaire Andrej Babis has been appointed as the Czech Republic's new prime minister, with his full cabinet expected to take office within days.
His appointment followed a key demand from President Petr Pavel - a public pledge by Babis to relinquish control over his vast food-processing, agriculture and chemicals conglomerate Agrofert.
"I promise to be a prime minister who defends the interests of all our citizens, at home and abroad," Babis said after the ceremony at Prague Castle.
"A prime minister who will work to make the Czech Republic the best place to live on the entire planet."
These are lofty ambitions, but Babis, 71, is used to thinking big.
Agrofert is so deeply embedded in the Czech commercial ecosystem that there is even an app to help shoppers avoid buying products made by the group's more than than 200 subsidiaries.
If a product - say Viennese-style sausages from Kostelecké uzeniny or sliced bread from Penam - belongs to an Agrofert company, a thumbs-down symbol appears. B
abis, who was prime minister for four years until 2021, has shifted to the right in recent years and his cabinet will include members of the far-right SPD and the Eurosceptic "Motorists for Themselves" party. I
f he honours his pledge to divest from the company he built from scratch, he will no longer benefit from the sale of any Agrofert product – from frankfurters to fertiliser. As
prime minister he will have no knowledge of the conglomerate's financial health, nor any ability to influence its fortunes, he says. Gov