From Reuters:

Israel’s foreign ministry has issued a statement denouncing U.S. billionaire George Soros, a move that appeared designed to align Israel more closely with Hungary ahead of a visit to Budapest next week by Prime Minister Benjamin Netanyahu.

Soros, a Hungarian-born Jew who has spent a large part of his fortune funding pro-democracy and human rights groups, has repeatedly been targeted by Hungary’s right-wing government, in particular over his support for more open immigration.

For the record, Reuters’ framing of Soros there is rather fawning.

• He funds globalist and left-wing causes (not “pro-democracy” ones), such as David Brock’s smear armies.
• Some allege that Soros also finances wars and mercenary soldiers.
• He doesn’t support “open immigration” so much as he supports burying Europe in young, male Muslims who can’t be assimilated and who do large-scale rapes.

But, to continue:

In the latest case, Prime Minister Viktor Orban has backed a campaign in which Soros is singled out as an enemy of the state. “Let’s not allow Soros to have the last laugh” say billboards next to a picture of the 86-year-old investor, a campaign that Jewish groups and others say foments anti-Semitism.

…Hungarian Jewish groups and Human Rights Watch, an organization partly funded by Soros, have condemned the campaign…

…Israel’s ambassador to Hungary issued a statement denouncing the campaign…But hours after the ambassador made his comments over the weekend, Israel’s foreign ministry issued a “clarification” saying that Soros was a legitimate target for criticism.

“In no way was the statement (by the ambassador) meant to delegitimize criticism of George Soros, who continuously undermines Israel’s democratically elected governments,” said foreign ministry spokesman Emmanuel Nahshon, adding that Soros funded organizations “that defame the Jewish state and seek to deny it the right to defend itself”.

UPDATE: Rep. Steve King says that President Obama gave millions of U.S. taxpayer dollars to Soros-funded organizations to influence foreign elections, like in Balkan countries.

That should give you an idea of what Hungary has against Soros. And if the part about Obama and taxpayer money is true, it’s yet another sign of how bad Obama was.