"I congratulate Mr Battulga on all his success in business and sport and we all look forward to seeing the Mongolian judo team in action at our World Championships next month in Budapest, Hungary".
The president will inherit a $5.5bn IMF-led bailout created to stabilise the country's economy and lessen its dependence on China, which purchases 80 percent of Mongolian exports.
Battulga was proclaimed as the victor, however the election's final results are yet to be announced by the country's General Election Commission.
Mongolians head to the polls today in the country's first-ever presidential runoff after the first round elections failed to produce a clear victor following campaigns tainted by corruption scandals. "In his message of congratulations, the President of Russian Federation stressed the traditionally friendly and neighbourly relations between Russian Federation and Mongolia and expressed an interest in further expanding mutually beneficial cooperation in all areas in the interests of the two countries' peoples", the Kremlin's press service said.
Lamprell Plc (LON:LAM) Receives "Buy" Rating from Investec
Petrel Resources plc is a junior oil and gas exploration company with activities in Iraq, Ghana and Ireland. Southpoint Capital Advisors Lp acquired 2.50 million shares as Manitowoc Inc (MTW)'s stock declined 13.91%.
The president-elect nevertheless pledged Saturday night to work with his party's nine lawmakers to put pressure on the ruling party, and to work hard for the Mongolian people.
M - Parliament Speaker M. Enkhbold officially announced the results of presidential election in Mongolia, Montsame state news agency reported. Battulga led with 38 percent of votes, trailed by center-left Enkhbold.
The former Soviet satellite is economically dependent on China.
After today's inauguration of Battulga, who replaces Tsakhiagiin Elbegdorj as President, Vizer congratulated the 54-year-old on behalf of the IJF.
Comments