Soros university plans to stay in Budapest after foundation leaves

Central European University, a graduate school started by US billionaire George Soros, said on Tuesday it will stay in Hungary’s capital despite the decision by its founder’s foundation to leave. University rector Michael Ignatieff called on the government of Prime Minister Viktor Orban to formally recognize that the institution has complied with a set of new regulations and should be allowed to keep operating in Hungary, Reuters said. Soros’ Open Society Foundations organization said earlier on Tuesday it would close its office in Budapest and move to Berlin over “an increasingly repressive political and legal environment” in Hungary.