EU finds Czechs should return subsidies due to PM Babis's business conflict - reports


  • World
  • Wednesday, 04 Dec 2019

FILE PHOTO: Czech Prime Minister Andrej Babis speaks during a news conference following talks with Ukrainian President Volodymyr Zelenskiy in Kiev, Ukraine, November 19, 2019. REUTERS/Valentyn Ogirenko/File Photo

PRAGUE (Reuters) - The European Commission has determined that the Czech Republic must return hundreds of millions of crowns in EU subsidies as Prime Minister Andrej Babis did not sufficiently separate himself from holdings that received the funds, Czech news websites reported.

The reported finding may put another central European leader in conflict with the European Union's executive and also hurt Agrofert, the large conglomerate Babis built up for over two decades before he put it into trust funds in 2017.

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