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Mongolia’s top 100 businesses recognized with honors

By Ch.KHALIUN

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 from the Ministry of Finance, General Department of Taxation, Mongolian Customs, and the General Office of Social Insurance.
The Office of Media and Public Relations of the Cabinet reported that the companies selected as the top 100 entities generated 2.5 trillion MNT for the state budget in 2014, making up 30 percent of its total.

The top 10 of the selected 100 businesses in 2014:
1. Erdenet Mining Corporation
2. MCS Group
3. Khaan Bank
4. MobiCom Corporation
5. Trade and Development Bank
6. Golomt Bank
7. Khas Bank
8. Mongolyn Alt
9. NIC LLC
10. Sod Mongol Group

Short URL: http://ubpost.mongolnews.mn/?p=14292

Posted by on Apr 23 2015. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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