SMEs continue to dominate business sector
Mongolia’s got 141.5 thousand entities registered to the business registry by the end of the past year. Almost half of the registered entities are not operational and some 1.5 thousand companies fully
SMEs continue to dominate business sector. Mongolia’s got 141.5 thousand entities registered to the business registry by the end of the past year. Almost half of the registered entities are not operational and some 1.5 thousand companies fully stopped operations, reports the Business Registry. More than 80 percent of the registered entities are small businesses. This indicates that small and medium enterprises continue to dominate the business sector in Mongolia. In terms of ownership, there are 63.8 thousand public and 3.777 thousand private companies. About 40 percent of the entities run businesses in wholesale and retail, sales of automobiles and motorbikes, mechanics and repair, and distribution of gas and other kinds of fuel. More than half of the registered entities operate in the capital city Ulaanbaatar.
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