The president of the Czech Republic on Wednesday gave the leader of populist ANO (YES) party a second chance to form a government in a bid to end the political impasse in the country.

Andrej Babis had been interim prime minister since January after he was forced to resign when his first cabinet failed to endure a vote of no-confidence having won the legislative elections in October last year, with 30 percent of the votes.

Eurosceptic President Milos Zeman has maintained his support for Babis forming a stable government with the help of the Czech Social Democratic Party, but he will have to rely on the abstention of the Communist Party in order to reach a parliamentary majority.

Babis said Wednesday he hopes to be able to present his cabinet in the first half of July.

The PM owns Czech company Agrofert, two national newspapers, three television channels and two radio stations, which drew criticism from rival candidates during the election campaign.