21 January 2014 | 14:29

Czech billionaire sets aside business for power politics

viewings icon comments icon

ПОДЕЛИТЬСЯ

whatsapp button telegram button facebook button
Andrej Babis. ©Reuters/David W Cerny Andrej Babis. ©Reuters/David W Cerny

The Czech Republic's second richest man whose fledgling party came in second in parliamentary elections, Andrej Babis, said Monday he is setting aside his business portfolio to take up a political one, as finance minister, AFP reports. The founder of Agrofert, the country's largest trading conglomerate dealing in food, fertilizer and chemicals, said he has given up his responsibilities in the group to avoid any appearance of conflicting interests should he end up directing the nation's economy. "Today, Monday, I signed my own letter of dismissal," said the 59-year-old -- who has an estimated net worth of $2 billion -- on his Facebook page. "I hope that no one will reproach me for a conflict of interest," he added. His nomination to the new centre-left cabinet of Bohuslav Sobotka, appointed prime minister on Friday, is expected at the end of the month. Babis became a political powerbroker when his ANO party scored a surprise 18.6 percent of the vote in October polls -- just 1.8 percentage points behind the leading Social Democrats -- and he is now part of a three-way coalition government. He reworked US President Barack Obama's "Yes we can" campaign slogan, promising austerity-weary Czechs "Yes, we'll be better-off" with a politician who knows how to make money. He founded ANO in 2011, determined to lure voters with promises of clean politics in a country ranked more corrupt than Rwanda by Transparency International. The one cloud over his political star turn is his past membership in the Communist Party before the 1989 Velvet Revolution. "True, I don't have the best profile," Babis has said while staunchly denying allegations that he was also a communist secret police agent. Czech President Milos Zeman has said he could give Babis the nod if lawmakers approve a bill overriding a ban on communist-era collaborators becoming ministers, which has already been introduced in parliament.

whatsapp button telegram button facebook button copyLink button
Иконка комментария блок соц сети
The Czech Republic's second richest man whose fledgling party came in second in parliamentary elections, Andrej Babis, said Monday he is setting aside his business portfolio to take up a political one, as finance minister, AFP reports. The founder of Agrofert, the country's largest trading conglomerate dealing in food, fertilizer and chemicals, said he has given up his responsibilities in the group to avoid any appearance of conflicting interests should he end up directing the nation's economy. "Today, Monday, I signed my own letter of dismissal," said the 59-year-old -- who has an estimated net worth of $2 billion -- on his Facebook page. "I hope that no one will reproach me for a conflict of interest," he added. His nomination to the new centre-left cabinet of Bohuslav Sobotka, appointed prime minister on Friday, is expected at the end of the month. Babis became a political powerbroker when his ANO party scored a surprise 18.6 percent of the vote in October polls -- just 1.8 percentage points behind the leading Social Democrats -- and he is now part of a three-way coalition government. He reworked US President Barack Obama's "Yes we can" campaign slogan, promising austerity-weary Czechs "Yes, we'll be better-off" with a politician who knows how to make money. He founded ANO in 2011, determined to lure voters with promises of clean politics in a country ranked more corrupt than Rwanda by Transparency International. The one cloud over his political star turn is his past membership in the Communist Party before the 1989 Velvet Revolution. "True, I don't have the best profile," Babis has said while staunchly denying allegations that he was also a communist secret police agent. Czech President Milos Zeman has said he could give Babis the nod if lawmakers approve a bill overriding a ban on communist-era collaborators becoming ministers, which has already been introduced in parliament.
Читайте также
Join Telegram Последние новости
Kazakhstan celebrates Independence Day
Tokayev honored energy sector workers
Sharp cold snap is coming to Kazakhstan
Forecasters warn Almaty residents
Tokayev arrived in Zhetysu region
Kazhydromet warned residents of Almaty
Лого TengriNews мобильная Лого TengriSport мобильная Лого TengriLife мобильная Лого TengriAuto мобильная Иконка меню мобильная
Иконка закрытия мобильного меню
Открыть TengriNews Открыть TengriLife Открыть TengriSport Открыть TengriTravel Открыть TengriGuide Открыть TengriEdu Открыть TengriAuto

Exchange Rates

 522.58  course down  549.54  course down  5.08  course down

 

Weather

 

Редакция Advertising
Социальные сети
Иконка Instagram footer Иконка Telegram footer Иконка Vkontakte footer Иконка Facebook footer Иконка Twitter footer Иконка Youtube footer Иконка TikTok footer Иконка WhatsApp footer