PM Marković, KKR: Ready for investment in telecommunications infrastructure

Podgorica, Montenegro (15 May 2017) -- At the meeting with Prime Minister of Montenegro Duško Marković, partner in KKR and President of KKR Global Institute Gen. David Petraeus said that Kohlberg Kravis Roberts (KKR), the world's leading investment company, is ready to invest in the improvement of telecommunications infrastructure that will provide a better quality of Internet for citizens and all those living in our country.

KKR is the owner of United Group which operates in six countries in the region, a co-investor in which is the European Bank for Reconstruction and Development. KKR is present in Montenegro throughout the operations of the company Telemachus Montenegro, which is part of United Group.

The Prime Minister welcomed the interest and intentions of investor, agreeing with assessments on the importance of broadband connection for everyday life and work. He stressed the importance of direct investments in our country, noting that GDP growth is directly dependent on their growth.

The Prime Minister said that the focus will be on strenghtening economy in the next period. In this context, the Prime Minister stressed the importance and commitment to the reform of public administration which should enable it to be service-oriented towards citizens, but also entrepreneurs.

Prime Minister Marković informed Gen. Petraeus about the Government's efforts to improve the business environment, ensure the growth of economic freedom and the stability of public finances.

Gen. Petraeus congratulated Montenegro for membership in NATO, and the officials agreed that this step is an important signal for investors since joining the Alliance provides the member-state with peace and stability and therefore security of investment. He positively assessed the country's progress towards the European Union, after which Prime Minister Marković pointed out that it is extremely important for the whole region that the EU and NATO enlargement policies are kept active.