International Water Sports Body Relocates to Budapest After Hungary Incentives
The World Aquatics Championships in Fukuoka, Japan, on July 16.
Photographer: Manan Vatsyayana/AFP/Getty Images
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World Aquatics, the international body that oversees water athletics, will relocate its headquarters to Hungary from Switzerland as Prime Minister Viktor Orban’s government tries to raise his country’s profile in global sports.
Hungary’s government will provide rent-free infrastructure as well as tax breaks over the next 15 years, Foreign Minister Peter Szijjarto said after the organization, previously called FINA, approved the move on Tuesday.