Premier about Mongolia's economic situation

Ulaanbaatar /MONTSAME/ The Prime Minister N.Altankhuyag Thursday presented a current economic situation of Mongolia at annual meeting with Ambassadors of European Union (EU) members. He underlined that this meeting plays a vital role in intensifying a Mongolia-EU collaboration. He also said that a President of the European Commission will pay a visit to Mongolia this November and expressed a hope that in its scope many important meetings will run which would elevate the ties into a newer level. He went on that the EU is one of the biggest investors for Mongolia, "the trade turnover increased, reaching 773 million USD last year", and concluded that the Mongolia-EU relations gained big achievements in that year. Then the PM talked about changes in our economics emerged after the cabinet for reforms was set up. The national economy grew up 11.3% by the first half of 2013, the inflation rate has been kept within one-digit figure, and the employment rate went up thanks to augmenting vacancies, he said.