Prime Minister Edi Rama has received a visit from Hungarian oligarch Gellért Jászai, the main shareholder of the 4iG company, which owns One Albania in Albania. Jászai himself made the news public on his Twitter account, announcing that he discussed with the Albanian Prime Minister the long-term vision of 4iG in Albania.
"It was a great honor to meet again with Prime Minister Edi Rama in Tirana to discuss the long-term vision and strategic ambitions of 4iG Nyrt. in Albania," writes Jászai.
According to the Hungarian businessman, discussions with the Albanian Prime Minister included the planned underwater cable between Egypt and Albania.
"Our discussions also covered the planned EAGLE submarine cable project between Egypt and Albania, a strategically important initiative for data connectivity in the Mediterranean. The project is designed to create a critical digital bridge between North Africa, the Middle East, the Western Balkans and Europe, while also supporting the development of a next-generation optical network in the Balkans," Jászai announced.
But another project discussed as a potential future has been the construction of Data Centers in Albania, a business that is experiencing significant growth, especially after the explosion of artificial intelligence.
"We reviewed future opportunities regarding investments in data centers in Albania, which form an important pillar of our broader regional digital infrastructure strategy," Jászai writes.
4iG, the owner of the mobile company One Albania, is a company with strong ties to former Hungarian Prime Minister Orban. Its owner Gellert Jászai is considered by the Hungarian media to be a vassal of Viktor Orban.
In June last year, the new Hungarian Prime Minister Peter Magyar, at the time in opposition, sold the shares he owned in this company in protest against what he called national treason, the privatization of the Hungarian defense industry to 4iG through dubious contracts.
After Magyar came to power, 4iG is facing great pressure in Hungary, as Magyar has warned of the cancellation of contracts it has benefited from the state and putting the company under investigation. Some Hungarian media write that the possible removal of state support could lead to the bankruptcy of the company, which has a high level of debt due to aggressive expansion, going from a company worth $20 million eight years ago, to a company that is now worth over $3.5 billion.
But since Magyar's victory, 4iG shares have lost over 50 percent of their value and Jaszai is apparently now seeking salvation outside of Hungary.
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