Thursday

28th Mar 2024

Ticker

Soros-founded Budapest university 'forced to move to Vienna'

The Hungarian government has forced Budapest-based Central European University (CEU), founded by US billionaire George Soros, to move to Vienna, CEU rector Michael Ignatieff said Monday. "This is unprecedented. A US institution has been driven out of a country that is a Nato ally. A European institution has been ousted from a member state of the EU," he said. Hungary's nationalist premier Viktor Orban has a long-running campaign against Soros.

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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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