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Investing.com -- Gellert Jaszai, chairman and majority owner of 4iG Nyrt., a company that is seeking to partner with Elon Musk’s SpaceX, has been appointed as Hungary’s special envoy for international investments. The appointment was made late Wednesday by Prime Minister Viktor Orban.
Following the announcement, shares of 4iG Nyrt. rose as much as 5.5% on Thursday in Budapest, pushing the company’s year-to-date gains to 91%. The company confirmed in a statement that Jaszai would continue his role as chairman.
This new role for Jaszai strengthens 4iG’s ties with the Hungarian government and enhances its position as a significant business link to the United States during Donald Trump’s presidency. In December, Jaszai joined Prime Minister Orban for a meeting at Trump’s Mar-a-Lago resort. During this meeting, Orban and Jaszai held discussions with Elon Musk.
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