ABOUT NOWADAYS AND FUTURE INVESTMENTS

Ulaanbaatar, Mongolia /MONTSAME/ Thanks to staged augmenting the investments and attracting foreign investments, the investments in 2010 went up by MNT 1,224.5 billion against 2009. It was reported on Wednesday by the Finance Minister S.Bayartsogt at the cabinet meeting. This year, the investment projects and measures have been implemented with the capitals more than 31.5 times against 2000, and by 15 times against 2005. Apart of this, private investments' profit is more by 1.75 times than that of state investments, according to a survey. The Finance Minister and the National Development and Innovation Committee have forecast the Gross Domestic Product (GDP) by 2016. It is expected that the GDP will reach MNT 18,063.6 billion in 2012, 21,787 billion--in 2013, 26,231 billion--in 2014, and 31,788--in 2015. The investments are expected to reach MNT 6,314.7 billion in 2012, MNT 6,789.5 billion--in 2013, MNT 6,906.5 billion--in 2014 and MNT 7,515.4 billion--in 2015. It has been planned to implement projects and measures nationwide with investments of MNT 35.68 trillion until the year 2016. The government will finance the "100 thousand apartments" program, construction of the "Sainshand Industrial Complex" and railways with long-term soft loans from the Development Bank of Mongolia. B.Khuder