Summary
Billionaire Andrej Babis has been appointed as the new Prime Minister of the Czech Republic. He has promised to cut his business ties to a large company he owns, called Agrofert, by placing it in a trust. This change aims to focus on running the government without any business conflicts.
Key Facts
- Andrej Babis, a billionaire, is the new Czech Prime Minister.
- Babis plans to sever business ties with his company, Agrofert.
- Agrofert will be placed in a trust managed independently.
- President Petr Pavel made Babis promise to relinquish control of Agrofert.
- Babis was previously Prime Minister until 2021.
- Some criticize this move, doubting true independence from his business.
- Agrofert is valued at about $4.3 billion.
- Babis's new government includes some far-right party members.
