Mongolian officials presented trophies and certificates to the nation top one hundred enterprises of two thousand twenty-five on Monday. During the official ceremony, Prime Minister Uchral Nyam-Osor warmly congratulated the selected corporate teams for driving domestic development. These premier organizations combined to pay eight trillion tugriks in taxes to the state budget over the past year. This impressive figure represents a five percent annual increase and accounts for thirty percent of total national tax revenue. Furthermore, these leading firms employ eighty-five thousand people, constituting over six percent of the total domestic workforce.
The collective sales revenue of these top companies reached sixty-five point seven trillion tugriks after growing nineteen percent. This massive financial volume equals roughly seventy-three percent of the gross domestic product of the expanding country. To maintain this positive momentum, the current administration actively promotes economic liberalization through the new Chuluulye policy framework. Consequently, the government recently submitted a primary draft law focused on business freedom directly to the state parliament. This comprehensive legislative package aims to eliminate unnecessary red tape, complex administrative regulations, and redundant paperwork for entrepreneurs.
To demonstrate immediate institutional support, the government unblocked the frozen bank accounts of over twelve thousand indebted local enterprises. Additionally, authorities completely canceled more than seven thousand bureaucratic regulatory inspections across multiple domestic commercial sectors this year. The capital city also launched an online notification system to replace traditional official permits for numerous services. Under the newly proposed legislation, the state promises it will never arbitrarily restrict private commercial activities moving forward. The administration also guarantees that public entities will not compete directly against private wealth creators in the market.
Furthermore, the new legal framework strictly protects private property, foreign investments, and legitimate corporate interests nationwide. The Prime Minister introduced a specific consistency principle to protect corporate entities from experiencing unexpected regulatory shocks. This strategic policy framework seeks to foster the rapid birth of the next one thousand national companies. This deliberate push for business freedom will ultimately help domestic products and services compete effectively in global markets. Government leaders expect these ongoing structural reforms to stabilize the economy and attract substantial international investment over time.
