Mongolia's Top 100 Businesses Recognized With Honors

The Government of Mongolia, together with the Mongolian National Chamber of Commerce and Industry (MNCCI), organized an awards ceremony for the top 100 businesses in Mongolia, on Wednesday.

The ceremony has been held regularly since 2011. This year, Prime Minister Ch.Saikhanbileg, Minister of Finance J.Erdenebat, and Minister of Industry D.Erdenebat attended the event, handing over prizes to the authorities of top businesses.

The PM said that one of the priorities of the Cabinet is to improve the business environment, support businesses, take company governance to a new level, revise the legal environment for employers and business owners, improve the investment environment, support the operations of foreign and domestic partnerships, and cooperate with employers and businesses.

He pointed out that the contributions to the economy by the top 100 companies are tremendous, highlighting that the private sector comprises approximately 70 percent of domestic production, and about 90 percent of all jobs, playing a key role in strengthening the state budget.

The top hundred businesses in 2014 were selected based on official quantitative indicators, including taxes paid to the state, sales, the size of its workforce, and financial performance. These figures were taken...