Hungarian Cabinet Establishes US Foundation

  • 3 Dec 2012 8:00 AM
Hungarian Cabinet Establishes US Foundation
The cabinet is establishing an American foundation entitled Friends of Hungary in a bid to enhance the identity of diaspora Hungarians and strengthen bonds of national unity, according to a government resolution published in official Magyar Kozlony.

Economy Minister Gyorgy Matolcsy had until November 30 to make $15 million available as founding assets for the foundation. The Prime Minister’s Office will exercise ownership rights over the foundation.

Source: Hungary Around the Clock

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