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29th Mar 2024

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Soros's Open Society to close office in Budapest

US billionaire George Soros' pro-democracy Open Society Foundation (OSF) has decided to move its Budapest-based international operations to Berlin, the foundation said on Tuesday. The moves comes as PM Viktor Orban's government prepares to impose further restrictions on NGOs with its 'Stop Soros' legislation. "It has become impossible to protect the security of our operations and our staff in Hungary from arbitrary government interference," Patrick Gaspard, OSF president, said.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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