Czech news in brief for February 25: Wednesday's top afternoon headlines

The European Commission has launched a formal review to determine whether former Prime Minister Andrej Babiš has effectively resolved his conflict of interest regarding the Agrofert Group. The investigation focuses on whether trust fund structures established by the ANO leader sufficiently distance him from the conglomerate’s management and receipt of EU subsidies. The findings could impact the eligibility of related companies for future European funding and potentially lead to repayment demands for past grants.

Czech citizens and residents traveling to the United Kingdom must now comply with updated entry requirements as the UK rolls out its Electronic Travel Authorisation (ETA) system. The new digital permit is required for most visitors who do not need a visa for short stays, including those from the EU. Travelers are advised to apply at least three days before departure to ensure smooth transit through British border controls and avoid potential boarding denials.

The Czech Republic’s annual inflation rate fell to 2.8 percent in January, down from previous highs as energy costs eased. While the rate remains within the upper half of the Czech National Bank's tolerance band, price growth for food, beverages, and tobacco exceeded initial forecasts. Eurostat reported that broader EU inflation also saw a slight decline to 2.8 percent, though the Czech figure remains one of the higher rates among member states.

The Czech Republic has returned to the top ten healthiest economies in the European Union, according to the latest Prosperity and Financial Health Index. Ranking 8th out of 27 nations, the country climbed five spots year-on-year, largely due to stabilizing inflation and improved capital retention. However, analysts warn that long-term growth is still hindered by low added value and structural limits in the labor market, often described as a "low-wage assembly" model.

British musician Yungblud will host the first international edition of his Bludfest festival at Park 360 in Hradec Králové on June 27. The genre-diverse event, known for its focus on affordability and inclusivity, will feature headliners Biffy Clyro and Primal Scream alongside acts like Palaye Royale and Pam Rabbit. This marks the festival's first expansion outside the UK, chosen specifically by the artist due to the high energy of his Czech fanbase.