The Library of Congress Soros Foundation Visiting Fellows Program was initiated in 1990. In 2020, Soros announced that he was creating the Open Society University Network (OSUN), endowing the network with $1 billion. In 2017, Soros transferred $18 billion to the Foundation. The cyber security breach has been described as sharing similarities with Russian-linked cyberattacks that targeted other institutions, such as the Democratic National Committee. Documents and information reportedly belonging to the OSF were published by a website. In 2016, the OSF was reportedly the target of a cyber security breach. In January 2021, Mark Malloch-Brown was appointed president of the Open Society Foundations. He announced in December 2020 that he was stepping down as president. In January 2018, Patrick Gaspard was appointed president of the Open Society Foundations. Stone announced in September 2017 that he was stepping down as president. He replaced Aryeh Neier, who served as president from 1993 to 2012. In 2012, Christopher Stone joined the OSF as the second president. In 1995, Soros stated that he believed there can be no absolute answers to political questions because the same principle of reflexivity applies as in financial markets. In August 2010, it started using the name Open Society Foundations (OSF) to better reflect its role as a benefactor for civil society groups in countries around the world. In 1993, the Open Society Institute was created in the United States to support the Soros foundations in Central and Eastern Europe and Russia. In 1991, the foundation merged with the Fondation pour une Entraide Intellectuelle Européenne ("Foundation for European Intellectual Mutual Aid"), an affiliate of the Congress for Cultural Freedom, created in 1966 to imbue 'non-conformist' Eastern European scientists with anti-totalitarian and capitalist ideas. This was followed by several foundations in the region to help countries move away from Real socialism in the Eastern Bloc. On May 28, 1984, business magnate George Soros signed a contract between the Soros Foundation (New York City) and the Hungarian Academy of Sciences, the founding document of the Soros Foundation Budapest. As of 2021, OSF has reported expenditures in excess of $16 billion since its establishment in 1993, mostly in grants towards NGOs, aligned with the organisation's mission. In 2018, OSF announced it was closing its European office in Budapest and moving to Berlin, in response to legislation passed by the Hungarian government targeting the foundation's activities. Īs of 2015, the OSF had branches in 37 countries, encompassing a group of country and regional foundations, such as the Open Society Initiative for West Africa, and the Open Society Initiative for Southern Africa its headquarters are at 224 West 57th Street in New York City. The group's name was inspired by Karl Popper's 1945 book The Open Society and Its Enemies. Open Society Foundations financially supports civil society groups around the world, with the stated aim of advancing justice, education, public health and independent media. And we are still learning about the pace of our recovery and how fast that will go," he said.Open Society Foundations ( OSF), formerly the Open Society Institute, is a grantmaking network founded and chaired by business magnate George Soros. "I think it's important to keep in mind that the recovery really is just a few months old right now. Second, it will drive Hong Kong's overall economic development and bring about positive effects."Īsked by a number of lawmakers about the park's financial performance, managing director Michael Moriarty said recovery will take time as both flight capacity and tourist numbers still fall short of pre-Covid levels. If there is a profit, then that would be great. “We can see that they have further expansion plans, so this shows that they have confidence in their future development, otherwise they would not inject extra money,” he said. Speaking at a Legco panel meeting, Yeung said the park’s expansion work, including a new area themed around the "Frozen" film series to be opened in November, offered cause for optimism. The park, which is majority owned by the government, lost HK$2.1 billion last year amid the Covid pandemic, despite reporting a record number of local visitors. Culture and tourism minister Kevin Yeung on Monday said he is hopeful that Hong Kong Disneyland will be able to balance the books again soon, after eight consecutive years of losses.
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