Czech finance minister’s massive earnings outlined in assets declaration

Minister of Finance and founder and owner of the Agrofert agro-chemical group, Andrej Babiš, earned just under 201 million crowns from the company after tax last year and acquired bonds worth 230 million crowns. The details were made public from his assets declaration which was made available from July 2 on the register of the lower house of parliament. The ANO leader also earned around 76 million crowns from existing Agrofert bonds and 8.2 million was repaid from a personal loan, the details of which were not made public. Babiš also earned around 115,000 crowns from his position with Germany biggest ammonia producer, SKW Piesteritz, and around 350,000 from rental income.

Author: Ruth Fraňková