ID :
327028
Thu, 05/01/2014 - 11:43
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PM INTRODUCES TO FOREIGN DIPLOMATS DRAFT PLAN FOR INTENSIFYING ECONOMY FEATURED

Ulaanbaatar /MONTSAME/ The Prime Minister N.Altankhuyag Wednesday held a meeting with Ambassadors of foreign countries, heads of diplomatic missions and the media for introducing them a draft plan of 100-day works for intensifying the national economy. Submitted from the cabinet for reforms, the draft plan is being discussed at the parliamentary session, and it reflects some 50 works to be performed in five directions such as augmenting foreign investments and activating the mineral productions. By the plan, several works will be done to introduce a new debt system for augmenting investments, to exempt external capitals of commercial banks from interest, to reduce the tax to zero for those banks that attract investments of above USD 100 thousand, to attract investments to economic free-zones, to create a good visa condition for investors and to hold special meetings with them, the Premier said. In the mining field, Mongolia will start to grant mineral exploration license very soon by altering the mineral law, the Premier said, adding that works of the “Asgat” silver deposit will launch after tackling some license disputes. In addition to this, measures will be taken for increasing the coal export, supporting the gold extraction, processing oil and ensuring preparation of building a Mongolia-China joint coal gasifying plant. The Premier said the plan is expected to be adopted by parliament next week therefore the cabinet will begin the above works.

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