Hungary pushes out George Soros' foundation

Hungary pushes out George Soros' foundation

The "Stop Soros" law, among the first measures legislated by recently re-elected Prime Minister Viktor Orban's far-right Fidesz party, targets NGOs that support migration into Hungary.

Open Society Foundations, the George Soros backed organization that has helped create the economic migrant crisis in Europe, is leaving the Central European nation of Hungary, declaring it can not "protect its employees from government".

"Faced with an increasingly repressive political and legal environment in Hungary, the Open Society Foundations (OSF) are moving their Budapest-based global operations and staff to the German capital, Berlin", the network confirmed in a statement on Tuesday.

The Central European University, a graduate school started by USA billionaire George Soros, said yesterday it would stay in Hungary's capital despite a decision by its founder's foundation to leave.

Soros' Open Society Foundations, which promote democracy and free speech, have also endured threats of legal sanctions from the government.

The OSF's move is created to circumvent Hungarian legislation against foreign-funded NGOs, which emulates the Russian model. It would also impose a 25 percent tax on foreign donations to NGOs that back migration.

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"We are going to reaffirm those elements of our sovereignty which are under attack", Orban spokesman Zoltan Kovacs said in a statement.

The 87-year-old worked as a trader and analyst before establishing Soros Fund Management in 1969.

Moving operations out of Budapest will have a significant impact on the more than 100 staff based there, most of whom are engaged in global grant making.

"CEU can not go into another academic year in a situation of legal uncertainty", its rector Michael Ignatieff said on Tuesday.

The billionaire was once likened to Satan for his calls to bring migrants into Europe, which was perceived by some Hungarian MPs as an attempt to destroy the independence and values of nation-states.

The billionaire also faced accusations of meddling in British politics after news emerged that he donated nearly half a million pounds to a campaign seeking to reverse Brexit.

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