Gellért Jászai, President of 4iG, appointed Ambassador Extraordinary and Plenipotentiary

The decision was published in the Hungarian Official Gazette on Wednesday evening. According to the information, the mandate of the President of 4iG is to promote Hungarian economic interests internationally, to seek further investment opportunities and to develop international business relations.

Gellért Jászai will work under the direction of the Minister of Foreign Affairs and Foreign Trade, and his tasks will include identifying foreign investment opportunities and conducting related business negotiations, including the preparation of agreements;

establishing and strengthening international business relations of Hungarian enterprises and supporting their operation; supporting Hungary's trade and foreign economic strategy;

and increasing the competitiveness of Hungarian enterprises by promoting the development of foreign investment relations.

Gellért Jászai is the majority owner and chairman of 4iG and a leading figure in Hungarian business. He has significant experience in international and domestic capital investment, as well as in the telecommunications and infocommunications sectors. He started his career in the 2000s in the world of real estate development, tourism and venture capital investments and later became involved in the restructuring and reorganisation of companies listed on the Budapest Stock Exchange.

Jászai took over 4iG in 2018, and within a few years became the company's main shareholder.

Under his leadership, 4iG has become one of the largest players in the Hungarian ICT market.

4iG Group is a provider of integrated information technology and telecommunications services in Hungary and the Western Balkans region, and an active player in the aerospace and defence industry, as well as in the technology sector.

The ambassadorship does not affect Jászai's role at 4iG, the communication reads.

Jászai is well known to have a good relationship with Prime Minister Viktor Orbán and his circle. In the last few days, news has been circulating in the press that Sára Orbán, the Prime Minister's middle daughter and her family, together with Gellért Jászai and his family, had arrived in Budapest from the Maldives in a private plane. The private jet is owned by the OTP Group, which sent a comment to the news portal 444 that "Air Invest Kft, owned by the OTP Group, sells the free capacity of its private business jet to everyone on normal market terms."

Cover photo (for illustration purposes only): Portfolio