Government to spend billions on new “Friends of Hungary” foundation in US

The Hungarian government has mandated the creation of a new, US-based foundation called “Friends of Hungary” that will be tasked with strengthening national identity and cohesion among those in the Hungarian diaspora.

According to a resolution published in yesterday’s edition of the official government gazette (Magyar Közlöny), Economy Minister György Matolcsy will make available $15 million – roughly HUF 3.2 billion at the current exchange rate – to launch the foundation, which will be owned by the office of the Prime Minister.

The complete resolution, part of which is pictured above, can be found on page 89 of this PDF version of the Wednesday gazette.

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