Babis Takes Reins in Czech Republic: A New Chapter Begins

Czech President Petr Pavel has appointed billionaire and ANO party leader Andrej Babis as the new Prime Minister. Babis, whose ANO party won the recent parliamentary election, will succeed the center-right government. The full cabinet is expected to be appointed later this month.

Czech Republic's head of state, President Petr Pavel, has officially appointed Andrej Babis, the billionaire leader of the populist ANO party, as the country's new Prime Minister in a televised ceremony.

The appointment follows Babis's victory in the parliamentary elections held on October 3-4, where his party secured a win.

Babis is set to take charge from a center-right administration, with his full cabinet expected to be in place by the end of this month.

(With inputs from agencies.)