March 7, 2013

Mongolia to Ease Investment Approval Threshold, Minister Says - Bloomberg

Mongolia to Ease Investment Approval Threshold, Minister Says - Bloomberg: "Mongolia is planning to ease a key restriction on foreign investment by raising by tenfold the size of deals that must be approved by parliament, the nation’s foreign minister said in an interview.
The threshold will be raised to 1 trillion tugrik ($715 million) from 100 billion tugrik, Luvsanvandan Bold said, adding that the decision would please foreign investors hoping to do business in Mongolia."

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