Thursday 9 January 2014

Czech: billionaire Babis, would-be FinMin, agent of change | beyondbrics

Czech: billionaire Babis, would-be FinMin, agent of change | beyondbrics:

"For most people becoming finance minister is a huge professional promotion – for Andrej Babis, whose fertiliser-to-media empire has made him the Czech Republic’s second wealthiest man, it will mark a bit of a comedown.

Under a preliminary agreement to create a new coalition government, Babis looks set to take over the finance ministry, one of his demands to bring his newly formed Ano party into the government.

If approved as minister, Babis plans to spend his time cracking down on tax cheats, improving the flow of EU funds into the Czech economy and battling to ensure corporate taxes do not rise. That dovetails with the reason Babis gave for going into politics in an interview with beyondbrics before October’s election."

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