Mongolia at Central Asian Investment Forum

Ulaanbaatar /MONTSAME/ A decision on financing agreement of the Oyu Tolgoi underground mine development is a significant move for boosting Mongolian economy in general, namely, improving and stabilizing the investment environment, restoring the trust from foreign investors, creating new jobs, increasing profits for contractor companies in the project, bringing the business innovation and technology into Mongolia. It has been said by B.Byambasaikhan, CEO of “Erdenes Mongol” company, at a panel discussion of the 2016 Central Asian Investment Forum (CAIF) which was concluded February 18 in Istanbul of Turkey. Opening remarks were made by Mehmet Şimşek, Deputy Prime Minister of Turkey; Suma Chakrabarti, president of the European Bank of Reconstruction and Development (EBRD); and Ali Kopuz, the Board Vice President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB). Co-organized by the EBRD, the Financial Times newspaper and the TOBB, the CAIF brought together governmental and business delegates of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Mongolia. The Ambassador of Mongolia to Turkey Mr B.Batshishig and the General Consulate of Mongolia to Istanbul Mr E.Monkh-Ochir met with fellow countrymen--representatives of the National Chamber of Commerce and Industry and business delegates who took part in the forum. They discussed ways of boosting the economic and trade ties between Mongolia and Turkey.