Mongolian People’s Revolutionary Party (MPRP), a ruling party, restored its original name of Mongolian People’s Party, right before its party leader’s election.
Three candidates, Speaker Demberel, MP Enkhtuvshin, PM S.Batbold, were proposed for the Leadership, but Speaker Demberel took his name off from candidate list.
The voting continued until 4.30 am and with majority votes of 85% (675 votes from 788 voters), PM S.Batbold elected as the Leader of Mongolian People’s Party (MPP).
MPP also changed its ideology into “third way”, which allows active involvement of state in the nation’s wealth distribution through public and private partnership. Therefore, business community shoudl expect such measures and arrangements in the Government action in next two years.