New economic forum to seek effective ways to solve economic problems
The world transition from the Western countries to the new economy is growing
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The main objects of the New Economic Forum are to identify the challenges of economic development and to seek realistic opportunities in a scale of the national producers of excellence, international organizations, and the private sector developers.
Bloomberg TV Mongolia organized the New Economic Forum with the Business Council of Mongolia, Mongolian Chamber of Commerce and Industry (MNCCI), American Chamber of Commerce (AmCham) in Mongolia, Australian Chamber of Commerce in Mongolia (AustCham), German Business Association of Mongolia (DMUV), and France-Mongolia Chamber of Commerce on May 13.
The world transition from the Western countries to the new economy is growing, the tendency of leaders to seek new economic reforms has been expanding to new markets and new leaders. Implementing policies based on the collective economy and innovative policies is a key policy for new economies.
The CEO of Bloomberg TV Mongolia Dolgion Erdenebaatar delivered a speech at the opening of the forum. He emphasized, “We need to speak openly about issues that the Mongolian economy is facing. According to the World Bank study, Mongolia’s natural resources are estimated to be around USD 60 trillion, or nearly equal to the world’s total wealth. There are more than 170,000 registered companies in Mongolia. The top 30 companies of them provide more than half of the tax bills. However, people tend to underestimate their contribution to Mongolia. Our domestic companies are beginning to enter the world market. We have enough possibilities to improve business opportunities and develop the economy.”
Within the framework of the New Economic Forum, a broad panel discussion held under the topics namely, “Is Mongolia ready for the next crisis”; “Will the Industrial Age Start in Mongolia”; “Private Sector Engagement - Small to Large”; and "Do Mongolians Ready for Development”.
Mongolian President Khaltmaa Battulga attended the New Economic Forum and discussed the topic “Mongolian Economy in 2020”
More than 300 people were invited to the forum including national investors, top economists, CEOs of the top taxpayer companies, and recognized leaders.