Czech conglomerate facing probes and political scrutiny
The European Public Prosecutor’s Office has initiated a probe into EU funds funneled to the Agrofert group. The move follows a June letter from European Delegated Prosecutor Daniela Bárti ková about potential criminal proceedings concerning EU subsidies, tying back to former prime minister Babiš and his control over Agrofert. The Commission is assessing Prague’s steps to sever links, while Czech authorities continue subsidies to Agrofert.
Opposition lawmakers have failed to muster enough votes to topple the government as debates over a 2027 budget deficit of 386 billion koruna continue. Economists say the deficit would be the second-largest in Czech history, while the government defends spending as necessary for health, pensions, and public salaries.