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Orban Zeroes In on Soros-Backed NGOs After Dominating Ballot

  • Ruling Fidesz party set for third-straight supermajority
  • Future of philanthropist’s Hungarian operations is at risk
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Orban’s win compounds global uncertainty, says James Barty of Merrill Lynch International.Source: Bloomberg
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In its first act after dominating Hungary’s parliamentary elections, Prime Minister Viktor Orban’s party vowed to crack down on civil society activists, a move likely to exacerbate ties with his European Union peers.

After clinching a new two-thirds parliamentary majority, the ruling Fidesz party will advance legislation dubbed “Stop Soros,” a spokesman said Monday. Named after Hungarian-born billionaire George Soros, who Orban has accused of trying to flood Europe with refugees, the bill is aimed at limiting, and potentially preventing, foreign funding of non-governmental organizations and penalizing those seen as supporting illegal immigration.