July 24, 2012

Coalition takes over at crucial time in Mongolia's development - BUSINESS NEW EUROPE

Coalition takes over at crucial time in Mongolia's development - BUSINESS NEW EUROPE: "The next biggest party in the coalition is the controversial Mongolian People's Revolutionary Party (MPRP), a splinter group from the old communist party. This is led by Nambaryn Enkhbayar, who was arrested before the election on corruption charges and is to be tried at the end of July. The MPRP's aggressive policies on national ownership of the country's coal, copper, uranium, gold, zinc and lead mines has worried some investors that the new government may further lean away from luring foreign investment. They are due to take four or five of the 18 ministries on offer, and analysts predict that a member of this party could take the finance minister position, key to the country's investment agenda. "

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