EPCRC awarded “Research institute of the year”

The fourth annual meeting of Business
Council of Mongolia (BCM ) was held on October 31st, 2011 at “Kempinski
khan palace hotel”. Mr. Laurenz Melchers, Chairman of BCM and Mr.Jim
Dwyer, Executive director of BCM delivered the opening remarks for the
event and announced the top member organizations of the year, together
with the honoring awards. Economic Policy and Competitiveness Research
Center is awarded “Research Institution of the Year”, Asia Foundation’s
Engaging Stakeholders in Environmental Conservation program (Director:
Meloney C.Lindberg) awarded “Working Group of the Year”, both Energy
Resource LLC and Newcom group awarded “Local Enterprise of the Year”,
Hunnu Coal LLC awarded “International Enterprise of the Year”, Btv
awarded “Media Company of the Year” and Odsuren.D awarded “Public Sector
Partner of the Year”.

The Business Council of Mongolia (BCM)
was founded in the fall of 2007 to promote increased trade and
investment in Mongolia. BCM represents all investors in Mongolia,
domestic and foreign, on business climate issues. Advocacy efforts with
the Government, Ministry and Parliamentary officials on issues vital to
investors in Mongolia are of utmost importance. BCM members include over
200 local and international investors, donor organizations such as
Asian Development Bank, Millennium Challenge Account, Swedish
International Development Cooperation Agency and 14 foreign embassies in
Mongolia, leading public and NGO organizations and individuals. The
membership involvement ratio of international investors and Mongolian
businesses is 50:50. BCM working groups [Capital Markets,
Entrepreneurship, Environmental, Food & Beverage, Legislative, Tax,
and Technical Vocational Education Training (TVET)] assist in analyzing
business practice concerns and in formulating advocacy strategies. The
working groups are actively involved in discussions and implementation
of the ideas and findings. For instance, Legislative working group (lead
by Munkh-Orgil.Ts) translated and distributed the “Concession law” to
BCM members and introduced to the State Parliament, which was ultimately
approved and considered a useful tool for effectively attracting
foreign investors.