FLASH
Shkruar nga Pamfleti4iG owns the mobile operator One Telecommunications in Albania. The company's activities have been mentioned in several cases regarding financial issues and political relations, which have been dealt with in investigative files by SPAK.
Shares in Hungarian company 4iG have fallen sharply in recent weeks, losing more than 32 percent of their value in the space of a month. The move reflects the market's reaction to political changes and the risk of possible investigations into the company linked to Viktor Orban.
The company 4iG owns the mobile phone company in Albania, One Telecommunications. 4iG, considered a vassal business of the ousted Prime Minister Orban, could face legal troubles.
According to data from the Hungarian Stock Exchange, the share price fell to 2,340 forints at the close of the last session, from 3,400 forints a month ago. The decline has followed a continuous trajectory and accelerated during a period when polls signaled weakening support for former Prime Minister Viktor Orban.
Following confirmation of the political changes, investors have increased selling, adding to the pressure on the share price. The concern is related to the possibility that 4iG could be involved in criminal investigations for alleged links to the previous government.
Network of companies affiliated with NER
4iG is included in a group of large Hungarian companies considered part of the network known as NER. This network includes public structures and private businesses that have operated in close connection with the government. This category also includes companies linked to businessman Lőrinc Mészáros.
Prime Minister-elect Magyar has declared that the new government will create a special structure to investigate and seize the assets of these entities. These warnings have directly affected market expectations and investor behavior.
As a result, 4iG shares have continued to decline and, compared to the maximum level reached at the end of last year, their value has more than halved.
4iG owns the mobile operator One Telecommunications in Albania. The company's activities have been mentioned in several cases regarding financial issues and political relations, which have been dealt with in investigative files by SPAK.
So far, One has not faced any punitive measures or criminal proceedings. However, developments affecting the parent company in Hungary may also be reflected in its operations in Albania, especially in terms of finances and market perception.
Another element is related to the possibility that Hungarian authorities will verify the source of the funds used to purchase One. Such a process could open up new scenarios for the company's future in the Albanian market.
Further progress remains linked to the decisions that the new government will take and the concrete steps towards the announced investigations.
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