74 new factories were built in the Capital

The year 2010 was named the year of “Renovation of Business Environment” and in accordance, the government provided soft loans for small and medium enterprises. In UB city 352 enterprises got involved in the program and as a result 74 factories were newly built and provided 1387 workplaces. According to the statistics, these enterprises made 10.6 billion MNT of revenue and paid about 750 million MNT of tax to the Government. Enterprises that took the soft loan have been studied closely and they spent the money mostly on circulating capital (69%), new technology (22%) and expansion in production (19%).