Mongolia’s PM Proposes Easing Scrutiny of Foreign Investment - Bloomberg: "Mongolia is planning to ease restrictions on foreign investment to encourage more private companies to do business while keeping restrictions on state- owned groups, Prime Minister Norovyn Altankhuyag said.
The planned amendments would remove a requirement for parliament to review minority investments by non-state-owned companies, the prime minister said. Parliamentary review of all investments by state-owned or associated companies would remain.
The existing law “imposed barriers to foreign investment,” Altankhuyag said today at a conference attended by Mongolia’s diplomatic community. The changes will be considered during the spring session of parliament, which begins on April 5, he said."
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