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Economy intensifying council reports

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Creating favorable conditions for doing business in Mongolia is the vital work to be done within the 100-days for intensifying national economy.

Secretary of this Council at the cabinet for reforms B.Byambasaikhan said it at a news conference  Monday. “By doing so, a necessary amount of money for the national economy will be transferred into the market,” he said.

He highlighted an importance of the visits of the President and Prime Minister paid to China and Russia for boosting the economy, saying these visits focused on promoting Mongolia’s participation in the biggest projects on infrastructure to be realized between Russia and China.

Byambasaikhan reported that members of his Council held last week meetings with some 120 businessmen in order to exchange views on refining the business environment and overcoming difficulties in the national economy.

Last week, the cabinet decided to finance 579 projects with capitals from the fund for supporting small- and middle-sized productions, giving a big chance to businessmen. It is very important for them  realize the decision in a short time, he said.

A high-level meeting of business sector will be organized by the Mongolian Economic Forum this June 19-21. It aims to discuss issues of attracting investments, and will allow its participants to introduce their projects to foreign investors, Byambasaikhan said. The forthcoming measure is also expected to bring together delegates from Germany, Turkey, Jordan, Italy and India.


SOURCE: Montsame

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