George Soros

The famous Hungarian-American investor and business magnate, George Soros, donated much of his wealth to his foundation, founded in 1984 to support democracy, human rights and freedom of the press, reports BNT. 

Open Society received USD 18 billion from 87-year-old Soros, a big donor to the Democratic Party in the United States, a spokeswoman for the Foundation told AFP.

Flickr/ Heinrich-Böll-Stiftung

US regulatory filings show George Soros is still investing in options that will profit him only if the stock market they are linked to declines in value.

 Hungary has sent its response to the European Commission regarding the infringement procedures launched because of Hungary's laws on NGOs financed from abroad and on foreign universities, a justice ministry official said on Monday.

Hungary's data protection watchdog on Monday lashed government plans to centralise personal data and ease rules on allowing official access, calling them a major threat to citizens' rights.

Hungarian Prime Minister Viktor Orban has hit out at George Soros and the European Union as the statesman's war of words with the Hungarian-American billionaire continues to escalate.

During a state visit to Romania Orban accused Soros of using the EU in order to create a "new, mixed, Muslimized Europe," according to AP.

The European Union issued a one-month ultimatum to Hungary on Thursday to address its concerns over an education law it says runs counter to the bloc’s values or face possible sanctions in court.

The European Commission today launched the second step of a procedure against Hungary related to the local law on higher education, BNT reported.

The law violates EU law and international law, and Hungary has one month to accept the necessary amendments, a commission statement said.

A day after Israel's ambassador in Budapest called for local election billboards targeting George Soros to be removed - saying the campaign "sows hatred and fear" - Israel's Foreign Ministry weighed in, agreeing with the substance of Hungary's criticism.

Flickr/ Heinrich-Böll-Stiftung

Billionaire investor George Soros says Brexit is a "lose-lose proposition" for the United Kingdom and the European Union. Soros is best known for bringing the Bank of England to its knees by short-selling the pound.

The war of words between George Soros and Hungarian PM Viktor Orban is threatening to boil over after the billionaire philanthropist claimed Hungary is a 'mafia state' posing as a democracy.