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Economy / Featured News / Mongolia News / June 2, 2014

“Premier’s 30 minutes” weekly meeting held

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Within twenty days, the cabinet launched 40 works out of 70 planned in frames of the “100 days for intensifying the national economy”, the Premier N.Altankhuyag noted at the “PM’s 30 minutes” meeting on Thursday.

He also said the cabinet for reforms submitted to parliament some bills on creating good conditions for doing business, now these draft are being discussed. The cabinet is also trying to eliminate all  difficulties businessmen and wealth-makers are facing, Altankhuyag said. The cabinet formulated and discussed a bill on giving amnesty in order to disclose hidden economy, he added.

The cabinet backs projects on supporting the import and on augmenting the export. For example, a cement factory has been put into use in Khotol with a capability of producing one million tons of cement a year. A 80 million togrog financing has been allotted from the “Chingis” bonds for this factory. Moreover, the cabinet decided to finance the “Khov Tsav” cement factory at the “Mongoliin Alt” LLC and other joint cement factories, from the Development Bank of Mongolia (DBM).

The Premier said the national importers reached an agreement with the “Rosneft” to have it supply petroleum to Mongolia for five years. He had exchanged views with the Russian President Vladimir Putin on working out a middle- and long-term programme on developing the bilateral strategic partnership relations, he went on. They also had discussed issues of railway exploitation, augmenting the freight turnover and easing visa requirements, the government had expressed its readiness to back a matter on building natural gas pipelines across the Mongolian territory, Altankhuyag said.

 

SOURCE: Montsame




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