Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Czechs vote as frontrunner Babis promises more spending, less Ukraine aid
    Headlines

    Czechs Vote as Frontrunner Babis Promises More Spending, Less Ukraine Aid

    Published by Global Banking & Finance Review®

    Posted on October 2, 2025

    4 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    Featured image depicting the MeridianLink logo, highlighting the company's acquisition by Centerbridge Partners for $2 billion. This deal signifies a growing trend in private equity buyouts within the finance sector.
    MeridianLink financial software firm announcement of $2 billion acquisition by Centerbridge - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:financial crisiseconomic growthGovernment funding

    Quick Summary

    Czech elections favor Andrej Babis, who promises more spending and less Ukraine aid, potentially shifting EU and NATO relations.

    Czech Elections: Babis Promises Increased Spending and Reduced Aid to Ukraine

    Czech Elections Overview

    By Jan Lopatka

    Babis's Campaign Promises

    PRAGUE/OSTRAVA, Czech Republic (Reuters) -Czechs began voting on Friday in an election likely to oust their centre-right government, with polls favouring populist billionaire Andrej Babis to return to power on pledges to raise wages and lift growth while reducing aid for Ukraine.

    Impact on EU and NATO Relations

    The change would boost Europe's populist anti-immigration camp and could complicate consensus on climate policies.

    Voter Expectations and Concerns

    Czechs endured inflation surges after the global pandemic and Russia's invasion of Ukraine, and have had a slow recovery from one of Europe's worst drops in real incomes.

    That has hurt the popularity of Prime Minister Petr Fiala's Spolu coalition and its liberal government allies, who focused on lowering the budget deficit.

    BABIS HAS PLEDGED TO END UKRAINE AMMUNITION PROJECT

    Both candidates made last-ditch appeals to voters on Friday, with Babis handing out doughnuts in the industrial city of Ostrava and telling his voters not to feel like anything was won yet.

    Babis, whose ANO party held double-digit leads in most opinion polls, is an ally of Hungary's Viktor Orban in the Patriots for Europe group in the European Parliament, and has taken an ambivalent line on aid to Ukraine - a departure from Fiala's government, which has strongly supported Kyiv since Russia's full-scale invasion in 2022.

    While donating less than some others financially, the Czechs were among the first to provide tanks and fighting vehicles and they set up the so-called "Czech initiative" pulling together traders and defence officials to find millions of artillery rounds around the world for Kyiv with financing from Western countries.

    Babis has pledged to end the ammunition project, saying it is overpriced. He wants NATO and the EU to handle Ukraine.

    Voting stations are open until 10 p.m. (2000 GMT) on Friday and from 8 a.m. until 2 p.m. on Saturday, with results expected that afternoon.

    BABIS PARTY SHORT OF ALLIES, UNLIKELY TO WIN MAJORITY

    Opinion polls pointed to Babis's ANO party winning more than 30% of the vote, about 10 points more than Fiala's Spolu coalition.

    "A success would be if we win and will have a majority in the lower house and a one-party cabinet," Babis said.

    That is unlikely, opinion polls have shown, which makes the performance of smaller parties important.

    ANO's sour relations with Spolu and its allies mean the party may need support from anti-EU and anti-NATO fringe parties - the far-right SPD and the far-left Stacilo! - for its preferred one-party cabinet.

    Babis has rejected steps towards exit from the EU or NATO, including calls for referendums, countering accusations by the current government that he would drag the country off its democratic pro-Western course.

    If some smaller fringe parties fall below the 5% threshold to get into parliament, that could favour government parties.

    Fiala said he hoped his government could continue and keep the country "a solid part of NATO and the European Union" and on a growth path.

    Babis's ANO has promised faster growth, offering higher wages and pensions, and lower taxes and tax discounts for students and young families to draw supporters.

    After voting in Brno, 20-year-old student Samuel Sebastien Strahotsky said he expected ANO to win and deliver increases in pensions and student discounts.

    President Petr Pavel, who appoints prime ministers, will meet party leaders on Sunday and said on Friday he expected difficult government negotiations.

    Babis must overcome other hurdles to become prime minister, including conflict-of-interest laws as owner of a chemicals and food empire and long-running fraud charges related to drawing an EU subsidy more than 15 years ago, a charge he denies.

    (Reporting by Jan Lopatka, Jason Hovet and Michael Kahn in Prague, Radan Sprongl and Kuba Stezycki in Ostrava, and Radovan Stoklasa and Eva Korinkova in Brno; Editing by Alex Richardson)

    Table of Contents

    • Czech Elections Overview
    • Babis's Campaign Promises
    • Impact on EU and NATO Relations
    • Voter Expectations and Concerns

    Key Takeaways

    • •Andrej Babis leads in Czech elections with promises of increased spending.
    • •Babis pledges to reduce aid to Ukraine, impacting EU and NATO relations.
    • •Czech voters face economic challenges post-pandemic and Ukraine conflict.
    • •Babis's ANO party unlikely to secure a majority without allies.
    • •Election results could shift Czech Republic's EU and NATO stance.

    Frequently Asked Questions about Czechs vote as frontrunner Babis promises more spending, less Ukraine aid

    1What is inflation?

    Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured by the Consumer Price Index (CPI).

    2What is NATO?

    NATO, or the North Atlantic Treaty Organization, is a military alliance of countries from North America and Europe established for mutual defense against aggression.

    3What is economic growth?

    Economic growth refers to an increase in the production of goods and services in an economy over a period, often measured by GDP.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Russia says it supplies fuel to Cuba as humanitarian aid
    Russia Says It Supplies Fuel to Cuba as Humanitarian Aid
    Image for Iranian strikes pose ‘existential threat’, Gulf states tell UN
    Iranian Strikes Pose ‘existential Threat’, Gulf States Tell UN
    Image for Russia says it remains in contact with US on Ukraine settlement
    Russia Says It Remains in Contact With US on Ukraine Settlement
    Image for Putin allies Lukashenko and Kim meet in North Korea
    Putin Allies Lukashenko and Kim Meet in North Korea
    Image for Denmark's Frederiksen faces tough coalition talks to remain prime minister
    Denmark's Frederiksen Faces Tough Coalition Talks to Remain Prime Minister
    Image for UK police arrest two men over arson attack on Jewish community ambulances
    UK Police Arrest Two Men Over Arson Attack on Jewish Community Ambulances
    Image for Cricket-Bairstow joins Livingstone in criticising level of care in England set-up
    Cricket-Bairstow Joins Livingstone in Criticising Level of Care in England Set-Up
    Image for Mullally to be installed as first female Archbishop of Canterbury
    Mullally to Be Installed as First Female Archbishop of Canterbury
    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    Image for Denmark's left-wing bloc leads election but lacks majority, exit polls show
    Denmark's Left-Wing Bloc Leads Election but Lacks Majority, Exit Polls Show
    View All Headlines Posts
    Previous Headlines PostUK Seeks to Boost Satellite Defence Amid Growing Space Threats
    Next Headlines PostJapan’s Next Leader May Be Its First Woman or Youngest in Modern Era