Founded by billionaire philanthropist George Soros as a bastion of liberal thought, Budapest’s Central European University has become one of the most prestigious in the region. A new law threatens its existence.
The foundation backed by the Hungarian-born US billionaire is set to move its staff to the German capital of Berlin. The move came after Hungary said it would tighten a law against foreign-funded NGOs.
The EU should give up "nightmares" of United States of Europe, said Hungarian nationalist leader Viktor Orban while starting his fourth term as prime minister. He won a landslide victory in a recent parliamentary vote.
The Open Society Foundations, backed by US-Hungarian billionaire George Soros, is considering closing its Budapest branch and opening a new one in Berlin. Soros has faced pressure in Hungary.
For some, Hungarian-American billionaire George Soros is the soul of generosity. For others, he's the devil in disguise. In any case, the octogenarian emigre to the US is one of the world's most controversial figures.
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