Mayor’s Office of Ulaanbaatar City to cooperate with CU convenience store chain in supporting start-ups, creating jobs

A Memorandum of cooperation was signed by the Mayor’s Office of Ulaanbaatar City and the parent company of the CU convenience store chain Premium Group LLC to provide healthy food to the citizens, and support employment and start-up businesses. Additionally, activities will be intensified in the direction of spreading the culture of the capital city, preventing crime and violations, and supporting the sustainable development of the environment and society. In this regard, Acting Head of the Mayor’s Office of Ulaanbaatar city I.Baatarkhuu and Chief Executive Officer of Premium Group LLC A.Ganbold signed the Memorandum of Cooperation.

Acting Head of the Mayor’s Office of Ulaanbaatar city I.Baatarkhuu said, "Within the framework of the memorandum of cooperation, we will cooperate with the CU convenience store chain in six areas. The CU brand operates with many chain stores in Ulaanbaatar and introduced a new service culture. They are ensuring food safety and working responsibly on social issues. It also opened the opportunity for convenient services for citizens and established standards. We are grateful for raising standard requirements to a new level within the framework of social responsibility and providing quality and safe products and services to the citizens of the capital city”.

Chief Executive Officer of Premium Group A.Ganbold said that they will cooperate with the capital city in the areas of ensuring food safety, preventing crime and violations, providing jobs, and supporting start-up businesses. He also highlighted that multifaceted work will be implemented including spreading and promoting the international experience by the CU brand throughout the city of Ulaanbaatar, providing jobs to young people, training them, and advertising within the framework of crime prevention work. For instance, chain stores will advertise that alcohol, wine, and cigarettes cannot be sold to people under the age of 21. CU brand operates with about 270 chain stores. This number will increase in the future. We have many small and medium-sized enterprises, and service providers that supply products to our company. "By supporting them, and making sales, we will provide the opportunity to develop together", he added.

There are 43,236 enterprises engaged in small and medium-sized industries and services (SMEs) in the capital city, which makes up 68 percent of SMEs in Mongolia. SMEs account for 70% of the national labor market but account for only 2.4% of exports and 18.3% of GDP. Therefore, the establishment of this Memorandum of cooperation has many significances, such as support for SMEs, distribution of experience, food and vegetable production, logistics, marketing, and service. Additionally, the Memorandum of Cooperation provides for support and cooperation in selling food products produced by SMEs and goods through CU chain stores in foreign countries.

CAPITAL CITY TRAINING, RESEARCH, AND PUBLIC RELATIONS AGENCY