CABINET SECRETARIAT TO CALL NEWS CONFERENCE IN WASHINGTON

Ulaanbaatar /MONTSAME/ A head of the Cabinet Secretariat for Government Ch.Saikhanbileg will discuss the government's new effort called "Invest Mongolia" at a National Press Club Newsmakers news conference on December 9 in Washington, the USA. About it said "digitaljournal.com" on Wednesday. In 2011, Mongolia had a record economic growth of 17%, with a majority of its wealth untapped in mining resources. In October, Mongolia's parliament approved a new investment law that ended different rules for domestic and foreign private investors. This new Mongolian Investment Legislation provides investors with political and legal stability and proactively provides additional investment incentives that could further improve sentiment towards Mongolian related investments. The NPC Newsmaker event is scheduled Monday in the club's Zenger Room at the National Press club.