Montenegro Gov't, 4iG Ink Partnership Deal

Deals

ICT company 4iG Group has signed a memorandum of understanding with the government of Montenegro regarding speeding up digital transition in the country, according to a press release sent to the Budapest Business Journal.

The parties intend to extend the cooperation to include the 5G network and infrastructure the development and the introduction of innovative solutions. 4iG says that it is committed to providing cutting-edge knowledge and support to Montenegro and Western Balkans region as a whole.

4iG entered the telco market of the Western Balkans as a strategic investor in 2021 with the acquisition of Telenor Montenegro. Later rebranded as ONE Montenegro, the mobile operator is a market leader in the country.

“The signing of this agreement has brought immense satisfaction to both parties, but it's particularly noteworthy that Montenegro stands to gain significant benefits from this collaboration. Simultaneously, the conditions created through this partnership will lead to a remarkable improvement in the quality of services provided to citizens, akin to those experienced within the European Union. The esteemed presence of 4iG in the region and the country promises to introduce cutting-edge technologies, elevate cyber security to new heights, and catalyze the digitalization of public administration,” said Dritan Abazović, Prime Minister of Montenegro.

The Prime Minister expressed his confidence that this is merely the inaugural step in a series of agreements to come, as Montenegro looks forward to forging more such partnerships with remarkable companies like 4iG. The prospect of further collaborations holds the potential for even greater advancements and achievements on multiple fronts.

The agreement between the Montenegrin government and 4iG could lay the foundations for a high level of professional and technological cooperation to support and accelerate Montenegro's digital transition, 4iG notes.

"The Memorandum of Understanding we have just signed is the first step of a long-term cooperation that can ensure an active role in Montenegro’s digital development and the resulting increase in economic and social competitiveness”, said Gellért Jászai, chairman of 4iG Group, after the signing ceremony. “Our competencies and experience gained in the ICT sector can help us to provide a multi-level opportunity to accelerate digitalization in Montenegro, from IT solutions for public services to residential and business telecommunication services.”

The Memorandum of Understanding highlights the importance of telecommunications, and in particular, the ICT sector in the social and economic development of Montenegro, as well as the significant potential of digitalization and a technology-based economy to promote sustainable economic growth. The cooperation could thus also include infrastructure development and the widespread dissemination of innovative solutions, 4iG says.

The company notes that its experience in the digitalization of public services, the development, and integration of e-government projects can improve the efficiency of public administration. To achieve these objectives, 4iG and the Government of Montenegro intend to establish a joint working group, which will regularly assess the results of the cooperation and identify and implement specific activities. In the future, 4iG may also propose new development programs to meet the growing demands of digital transformation. In order to achieve the goals set out in the "Digital Transformation Strategy of Montenegro 2022-2026", the cooperation is aiming at delivering solutions across economic, telecommunications, and digitalization sectors.

ADVERTISEMENT

Hungary PMI Rises to 52.2 in February Analysis

Hungary PMI Rises to 52.2 in February

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Colette Matz Named New Country President of Novartis Hungary Appointments

Colette Matz Named New Country President of Novartis Hungary

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.