The Soros Foundation is suspending its operations in Hungary: the reason

Hungarian army officers stand at the Serbian Hungarian border as a Syrian refugee women crosses near Roszke southern Hungary Saturday Sept. 12 2015

Open Society Foundations will move its worldwide operations in Budapest to Berlin in Germany, according to a press release Tuesday.

"The Hungarian government has desecrated and distorted our work and suppressed civil society for political gain, using tactics that are unprecedented in the history of the European Union", said Patrick Gaspard, President of the foundations "Open Society". Orban, an avowed nationalist and critic of Western Europe's embrace of refugees, blamed Soros for much of the country's economic woes ahead of his recent reelection.

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".

Neither Polish Prime Minister Mateusz Morawiecki nor his Hungarian counterpart Viktor Orban commented on an European Union plan to cut money in the 2021-2027 budget for member states that interfere in their legal systems. His Open Society Foundations will leave Budapest, Hungary, citing pressure from the Hungarian government. Foreign funding for activities related to migration would be subjected to a 25 percent tax.




George Soros, chairman of Soros Fund Management LLC, speaks during a panel discussion at the Nicolas Berggruen Conference in Berlin, on October 30, 2012.

The office of Orban's spokesman Zoltan Kovacs issued a one-line reply after a request for comment by Newsweek about the departure.

Soros has remarked that the Hungarian government was attempting to slander him by pushing "distortions and lies". 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. "It has become impossible to protect the security of our operations and our staff in Hungary from arbitrary government interference", CNBC added.

Moving operations out of Budapest will have a significant impact on the more than 100 staff based there, most of whom are engaged in worldwide grant making. Hungarian lawmaker Andras Aradszki of the Christian Democratic People's Party (KDNP) said it is a Christian duty to fight what he called "Satan's Soros plan".

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