Andrej Babis promised faster growth, higher wages and pensions as well as lower taxes. Photo: AP PHOTO

Billionaire Andrej Babis's ANO party is cruising to victory in the Czech Republic's parliamentary election, raising the prospect of a government that would boost Europe's populist, anti-immigration camp and reduce support for Ukraine.

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ANO promised faster growth, higher wages and pensions, and lower taxes and tax discounts for students and young families during the campaign.

Those pledges - that will cost billions of euros, end austerity and test the country's frugal mindset - reso

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