Prague, Czech Republic – Czech billionaire Andrej Babiš officially assumed the premiership of his country on Tuesday, marking a powerful return to power after years of political and economic controversy. His appointment came after he met the demands of President Petr Pavel, who required him to publicly pledge to relinquish control of his vast business empire, Agrofert, which operates in the food, agriculture, and chemical industries.
During the inauguration ceremony at Prague Castle, Babiš said: “I promise to be a prime minister who defends the interests of all citizens, at home and abroad, and to work to make the Czech Republic the best place to live on the planet.” Babiš is 71 years old. He is known for his expansive vision and his tendency to think broadly.
The Agrofert group wields significant economic influence in the Czech market, so much so that there’s an app dedicated to boycotting products from its 200 companies. These products include widely consumed food items such as the popular Vienna-style sausages and Penam bread.
The new government’s political profile differs significantly from its predecessor, which was strongly pro-Ukraine. It will include ministers from the far right and the anti-EU Drivers for Self party. Babiš continues his increasingly right-wing approach in recent years.
Under the pledge he made, Babiš will forfeit any financial returns related to the sale of his companies’ products. He will also confirm that he will not monitor or have access to Agrofert’s financial affairs during his tenure. The government plans to transfer the group to an independent trust, with ownership passing to his children upon his death—a move he says “far exceeds” what is required by Czech law.
But his critics argue that this step is insufficient. Transparency International asserts that his continued presence in power could indirectly grant him influence over sectors where his past interests are at stake. Experts also point out that the nature of the trust remains unclear. They say its formulation may require complex legal arrangements due to the absence of a “blind trust” model in domestic legislation.
Babiš’s empire extends far beyond the food sector; his companies own extensive networks in healthcare, including specialized clinics, flower shops, and even lingerie. With his return to the premiership for a second term, the debate surrounding the extent of his influence and power in public life is expected to reignite.
