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Wednesday, April 24, 2024
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There are potentials for new investments in infrastructure and digitalization

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Montenegro has a favorable business investment environment and is open to enhancing economic cooperation with Hungary, stated the Minister of Economic Development, Nik Gjeloshaj. He added that the country has potentials for new investments in the infrastructure and digitalization sectors.

He met with the Ambassador of Hungary, József Negyesi, and the owner of 4iG company, Gellért Jaszai, on Monday, who emphasized the importance of further improving the contractual cooperation between the two countries to further stimulate economic and investment cooperation, with specific projects in the fields of digitalization, new technologies, and telecommunications.

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Negyesi highlighted Hungary’s continuous support in Montenegro’s integration process into the European Union and emphasized significant Hungarian investments in Montenegro, such as the OTP Group and One company.

Jaszai expressed his satisfaction with successful operations in Montenegro and expressed interest in further developing telecommunications and the digitalization process in the country. He also announced new investments and projects in Montenegro, demonstrating commitment to improving the technological sector.

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Gjeloshaj informed the counterparts that the Draft Law on Electronic Communications is currently under public consultation, and the Ministry of Economic Development is currently considering all proposals and suggestions to improve the legislative framework in line with EU standards in this area.

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