SMALL- AND MIDDLE-SIZED PRODUCTIONS WILL BE SUPPORTED

Ulaanbaatar, Mongolia /MONTSAME/ The cabinet discussed and approved a plan according to which an recommendation will be realized on developing small- and middle-sized productions. This recommendation was released at consultations of small- and middle producers held from January 10 to February 3 this year in the city's districts and all aimags in accordance with order of the PM. By the cabinet's decision, the money necessary for the plan will be allotted from the state budget, foreign loans and assistance, and capitals from international organizations' projects and programs. The actions include running an each region-tailored flexible policy, exempting the small and middle businessmen from the income tax for a certain time, deeply processing livestock's raw materials and others. An order has been given to related Ministers, city's Mayor and aimags' governors to ensure the resolution's implementation. B.Khuder