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Dr Lizardo12/03/2019 1:29:20 am PST

Some news out of Czech Republic.

The City of Prague will sign a sister agreement pact with Taiwan’s capital Taipei, concerning economic, business and cultural cooperation, according to a document that Prague City Hall approved today.

The document states that the agreement is a non-political text on cooperation in economy, business, science, technology, tourism, education, health care and other fields.

The Prague-Taipei agreement still has to be approved by the Prague assembly members, who are to deal with it on December 12.

Prague and Taipei representatives agreed to formalise their cooperation during the visit of the Prague leadership to Taiwan last spring.

Czech President Miloš Zeman, a well-known toady of Beijing, and the lickspittles surrounding him are fuming at this decision, along with - as mentioned in the article - the upcoming visit of the President of the Czech Senate to Taiwan sometime early next year. Beijing is equally furious.

Oh, and the Czech PM, Andrej Babiš, has his own problems to deal with as well. The EU Commission has stated that he’s in a conflict of interest with regards to his ownership of Agrofert and also being prime minister. Babiš claims he’s put Agrofert into a trusteeship but it’s glaringly obvious that he’s still very much in control of that particular corporation.

A European Commission audit has confirmed that Czech Prime Minister Andrej Babis is in a conflict of interest due to his former business empire that he has put into trust funds, weekly Respekt reported on its website on Sunday, quoting sources.

Reuters could not immediately independently confirm the report, which Respekt said was based on two sources with knowledge of the document.

The European Commission said on Friday it had sent the audit results to the Czech authorities, but said the contents were confidential as the audit procedure was ongoing.

A spokesman for Agrofert said the company had no information on the audit results.

Companies in the Agrofert group, the core of Babis’s assets estimated at $3.5 billion by Forbes, are some of the largest recipients of EU subsidies, both for farming and for investment projects, in the central European country.

They are run by two trust funds since 2017, an arrangement Babis made to meet local law on conflict of interest.

Basically, the EU Commission seems to have found that Babiš is still very much involved in the day-to-day operations of Agrofert (despite his claims to the contrary) and that the Czech Republic is going to have to pay back some €450 million in subsidies they’ve received over the last few years.