Billionaire Babis Returns: Czech PM's Populist Shift

Andrej Babis, leader of the populist ANO party, has been appointed Czech Prime Minister by President Petr Pavel. His cabinet includes far-right SPD and is focused on challenging EU policies. Babis plans to cut military aid to Ukraine and address potential conflicts of interest involving his assets.

Czech Republic's political landscape sees a dramatic shift as billionaire leader Andrej Babis is appointed as the new Prime Minister by President Petr Pavel. Babis, head of the ANO party, emerges victorious in the October elections, promising a firm move away from the centre-right policies of his predecessor.

Babis's return to power marks a notable alignment with far-right and anti-EU influences, as seen in his cabinet choices, which include the SPD party known for its pro-Russian stance. This government stance could significantly alter the country's foreign policy direction, especially in regards to the European Union's climate strategies.

In a controversial move, Babis has declared intentions to reduce military support for Ukraine, citing issues with transparency in the existing arms initiative. Meanwhile, he has promised to address conflict of interest concerns by restructuring his corporate assets, Agrofert, into a trust, attempting to alleviate public concerns over his business involvements.

(With inputs from agencies.)