KEY POINTS
  • The philanthropic foundation funded by George Soros says it must close its offices in Hungary.
  • Open Society Foundations says it cannot protect staff from government interference.
  • A new office location will open up in Berlin, Germany.

The philanthropic foundation funded by the billionaire George Soros is to close its offices in Hungary, saying it can't protect its own staff from the country's government.

Open Society Foundations will move its international operations in Budapest to Berlin in Germany, according to a press release Tuesday.