PM OPENS "MONGOLIA BUSINESS SUMMIT 2014"

Ulaanbaatar /MONTSAME/ Opening the summit on Thursday, the Prime Minister N.Altankhuyag had a speech, explaining efforts of his Government to stimulate the economy of the nation. The Premier noted the importance of reflecting the economic growth the country is currently experiencing in the livelihood of the people. The Government is making efforts to create here a favorable for the business environment, to eliminate burdens and encumbrances ahead of business people and wealth creators, he said. The Cabinet convenes twice a week to discuss ways to support business and manufacturing, and it has thus far submitted 23 draft laws aimed at business promotion to parliament, he went on. Additional to the mining sector, the largest contributor to the economy and other fields are open for the cooperation between business people and manufacturers, the Premier told the gathered. The three-day summit kicked off Thursday in Ikh Tenger with representatives of some 20 countries such as Australia, China, Germany, Hong Kong, India, Japan, Jordan, Netherlands, Poland, Russia, Singapore, South Korea, Taiwan, United Kingdom and United States, along with leading businessmen from Mongolia. This high level event will serve as an excellent platform to directly interact with international investors, bankers and local business leaders. During the event presented are such projects as Tsagaan Suvarga, Xanadu Mines, Nomads, Gatsuurt, Logistical service and meat processing center, Meat Processing Facility, Eg River Hydro Power Plant, Тavan Tolgoi Power plant, Highway project, Cement project and New Railway. Site tours are also offered including day trip to APU Food and Beverage Company, Gobi Cashmere Factory, MAK Cement Plant in Nalaikh and an overnight tour to Oyu Tolgoi and Tavan Tolgoi mining sites.