“Mister President imposed a veto on Lex Babis, the draft bill on the conflict of interests. The bill is inconsistent with the constitutional norms of the Czech Republic,” Ovcacek posted on his official Twitter account.
Lex Babis prohibits government members from controlling media, while firms where they own more than 25 percent are supposed to lose access to investment aid, European or state subsidies and public contracts, according to the country’s media reports.
The majority of Czech lawmakers approved the bill in September. Now it will be returned to the country’s lower house for reconsideration. The parliament needs at least 101 votes to overcome the presidential veto.