George Soros’ Open Society Foundations is ending its operations in Hungary, accusing Budapest of repressing civil society. PM Viktor Orban has repeatedly slammed the tycoon for meddling in the nation’s internal affairs.
“Faced with an increasingly repressive political and legal environment in Hungary, the Open Society Foundations are moving their Budapest-based international operations and staff to the German capital, Berlin,” the group confirmed on Tuesday.
Patrick Gaspard, the president of the Open Society Foundations, lashed out at Budapest, saying it has “denigrated and misrepresented our work,” while repressing civil society “for the sake of political gain.”
The group based its decision on the fact that Budapest “prepares to impose further restrictions on nongovernmental organizations through what it has branded its “Stop Soros” package of legislation.”
Prime Minister Viktor Orban has repeatedly spoken out against the detrimental agendas of Soros’ foundation and other NGOs, accusing the billionaire of meddling in Hungary’s internal political affairs by funding opposition groups.
Speaking on the recent election and the victory of his Fidesz party, Orban said, “I know they won’t accept the result of the election, they will organize all sorts of things, they have unlimited financial resources.”
When news of the Open Society Foundations’ possible departure from Hungary broke in April, Orban said: “You might understand if I don’t cry my eyes out.”
In February, Fidesz submitted a bill to parliament called the ‘Stop Soros Act’ – in reference to the Hungarian-American tycoon – which would curb immigration and would also affect foreign-funded NGOs. The bill says that all NGOs which “support illegal immigration” need to be registered, while any NGO which gets money from abroad must pay a 25-percent tax.
Also, foreign citizens and Hungarian nationals who support illegal immigration could be subject to a restraining order which would keep them away from the border. “If Soros is found to have engaged in such activity, meaning he organizes illegal immigration, then the rules will apply to him,” government spokesman Zoltan Kovacs said in February.
The 87-year-old worked as a trader and analyst before establishing Soros Fund Management in 1969. He became one of the world’s foremost investors, generating enormous wealth for himself. The Hungarian-American made a fortune, but also earned notoriety for shorting Britain’s pound sterling, which forced the currency’s collapse in the 1990s.