ADVERTISEMENT

The Czech gov’t taking EU Commission to court over withholding of subsidies for Agrofert

Interview

Photo by Alexandros Michailidis / Shutterstock.com

The Czech government is to take legal action against the European Commission over its blocking of subsidies of CZK 1.6 billion (some EUR 59 million) for a project by the company Agrofert, reports Czech Radio. 

Czech Prime Minister Andrej Babiš. Photo by Alexandros Michailidis / Shutterstock.com

The money is being withheld after a Commission audit said that Agrofert’s founder, Prime Minister Andrej Babiš, still controlled the firm so is in conflict of interest.

A representative said on Monday that the Czech government had decided in February to contest the decision in Brussels. It has since withdrawn that lawsuit and will replace it with a new one, Czech Radio adds.

Motor Fuel Prices Fall Below Avg in Neighboring Countries Energy Trade

Motor Fuel Prices Fall Below Avg in Neighboring Countries

China-Hungary Cooperation 'Story of Continuous Friendship', ... Visits

China-Hungary Cooperation 'Story of Continuous Friendship', ...

Fortaco Sells Heavy Project Business in Hungary Deals

Fortaco Sells Heavy Project Business in Hungary

Aldi Opening Biggest Store in Budapest Food

Aldi Opening Biggest Store in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.