• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
EuropeCzech Republic
Europe

Hungary’s Orban welcomes back ‘old ally,’ Czech billionaire Andrej Babiš

By
Karel Janicek
Karel Janicek
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Karel Janicek
Karel Janicek
and
The Associated Press
The Associated Press
Down Arrow Button Icon
December 9, 2025, 10:15 AM ET
Orban, Babis
Czech Prime Minister Andrej Babis (R) and his Hungarian counterpart Viktor Orban review a guard of honour during a welcome ceremony on September 29, 2021 in Prague. MICHAL CIZEK/AFP via Getty Images
Add Fortune on Google for similar content.

Populist billionaire Andrej Babiš was sworn in Tuesday as the Czech Republic’s new prime minister, following October’s parliamentary election, as the next government is expected to steer the country away from supporting Ukraine and reject European Union policies on issues like the environment.

Recommended Video

Babiš, previously prime minister from 2017-2021, promised Czechs that he will fight for their interests “at home and anywhere in the world” and will do his utmost for the Czech Republic to become “the best place for life on earth.”

President Petr Pavel had asked him to form a government after his ANO, or YES, movement won big in the October ballot and agreed to form a majority coalition government with two small political groups, the Freedom and Direct Democracy anti-migrant party and the right-wing Motorists for Themselves.

The parties have agreed to create a 16-member Cabinet, with ANO holding eight posts and the prime minister’s office. The Motorists would have four and the Freedom party three. Pavel will appoint the entire Cabinet on Monday, his office said.

The new partnership makes up 108 seats in the 200-seat lower house of parliament, relegating the four center-right parties of the pro-Western government led by previous Prime Minister Petr Fiala to the opposition.

The new coalition is set to follow Hungary and Slovakia and shift the Czech Republic away from supporting Ukraine in Russia’s nearly four-year war. Coalition members are also critical of the EU, rejecting policies particularly on environment and migration.

“An old ally has returned,” Hungarian Prime Minister Viktor Orbán said of Babiš. Orbán is widely considered Russian President Vladimir Putin’s closest partner among EU leaders. “Welcome back on board Andrej!”

Babiš, 71, still faces fraud charges in a case involving EU subsidies, and the new parliament will have to lift his official immunity for a court to issue a verdict.

After he lost the 2021 parliamentary election, he was beaten by Pavel, a retired army general, in a vote for the largely ceremonial post of president.

Babiš was appointed as prime minister after he met a condition set by Pavel and publicly announced that he would get rid of his major businesses to avoid a conflict of interest that could arise from his private dealings and his political status.

Babiš owns around 200 companies under the Agrofert conglomerate. He said an independent trustee will be in charge of Agrofert in a trust fund, while it will be under control of an independent protector until he dies. His descendants will inherit it.

Babiš also owns a network of clinics and labs, while his close ally from ANO is a candidate for the hew health minister.

About the Authors
By Karel Janicek
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Europe

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Europe

Volvo car CEO pushes back on Navarro’s ‘Pirate’ China comments
EuropeVolvo
Volvo car CEO pushes back on Navarro’s ‘Pirate’ China comments
By Rafaela Lindeberg and BloombergJuly 20, 2026
2 days ago
Nestlé KitKat Original chocolate bars
RetailMarketing
How Nestlé turned a chocolate heist into a masterclass in brand building 
By Sam BirchallJuly 20, 2026
2 days ago
The U.K. is getting a new prime minister, but bond investors are really in charge and ‘hyper-reactive,’ Wall Street veteran says
EconomyUK
The U.K. is getting a new prime minister, but bond investors are really in charge and ‘hyper-reactive,’ Wall Street veteran says
By Jason MaJuly 19, 2026
3 days ago
Esther Perel speaks on stage during a panel discussion at SXSW in London.
Workplace Culturecorporate culture
Esther Perel has a warning for executives: your workforce is suffering from social atrophy and AI is making it worse 
By Sam BirchallJuly 17, 2026
5 days ago
Europe optimized its supply chains for cost. Now it must pay for resilience  
Commentarysupply chains
Europe optimized its supply chains for cost. Now it must pay for resilience  
By Richard SaynorJuly 16, 2026
6 days ago
Rocket shortage leaves Europe defenseless in space wars
Europespace
Rocket shortage leaves Europe defenseless in space wars
By Gerry Doyle, Alan Crawford and BloombergJuly 13, 2026
9 days ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
21 hours ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
1 day ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
2 days ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
1 day ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
4 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.