Soros Foundations Relocate from Budapest to Berlin

PeopleEntrepreneurs ♦ Published: May 15, 2018; 11:00 ♦ (Vindobona)

The first Open Society Foundations, founded in Hungary in 1984 by George Soros, also of Hungarian origin, with a founding budget of US$3 million, is now actually withdrawing to Berlin.

In the eyes of the Hungarian Fidesz government George Soros is the enemy of the state / Picture: © Wikimedia Commons / Cropped [Public Domain]

The step was taken because of the increasingly repressive political and legal environment in Hungary, the New York-based foundation announced in a press release.

The office and its staff will move to Berlin.

However, the move does not mean the termination of all activities in Hungary.

The support of numerous non-governmental organizations, such as the…