State-Owned Enterprises to Undergo Major Overhaul

Unread Media

18 Oct 2025 — 1 min read

Image: shuud.mn

At last week’s Cabinet meeting, the main agenda item was improving the governance of state-owned enterprises. As part of efforts to increase efficiency and eliminate overlapping functions, a proposal was made to reduce the number of enterprises by merging or dissolving nine of 17 specified companies. Overall, the total number of state-owned enterprises will be cut from 109 to 87.

Prime Minister G.Zandanshatar also instructed that the salaries and benefits of company directors be tied to performance and results. He noted that some loss-making companies were found to pay their directors salaries of MNT 20–30 million.

Highest-Paid State-Owned Enterprises:
-Erdenes Mongol
-Erdenes Tavan Tolgoi
-Agricultural Exchange
-New Ulaanbaatar International Airport

Lowest-Paid State-Owned Enterprises:
-Mongol Kino Studio
-Mongolian Telecommunications
-National Team Training Center
-Information and Communications Network

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Former U.S. Vice President A.Gore to Visit Ulaanbaatar

Government Cuts 300 Agency Positions to Boost Efficiency

Mongolia Unveils Official Logo for UN COP17 Desertification Conference

Exporting 100,000 Sheep to Uzbekistan

Former U.S. Vice President A.Gore to Visit Ulaanbaatar