During the economic downfall government is discussing the privatization of the state entities with losses. The list includes Wedding Palace, which meets protests from the public and other organizations, for instance, Mongolian Youth Association and MPP Group at the City Council.
Although the privatization agreement calls for the use of the privatized property and entity per their purpose it has never been the case.
There are instances with privatization of the properties located in the city center, which are not being used as per their initial purpose, starting from the circus, therefore privatization of Wedding Palace is not welcomed by many.
Last Tuesday City Council meeting has discussed the list of the city property and entities to be privatized due to the losses occured. The list is to be finalized and approved on March 23 after the second discussion.
Appearance of the Wedding Palace on the list was expallined with losses it has accrued during the last year's acitivities, citing to the losses of MNT 46 million as of first half of 2014.
The number of the losses accrued in the first half of 2014 is explained by the weather conditions and traditions of Mongolians, who are more inclined to celebrate wedding ceremonies during summer and autumn months, leaving the winter and spring months with rather down time. While the annual numbers look far more optimistic:
- in 2013 it accrued profits of MNT 249 million
- in 2014 it accrued profits of MNT 406 million.
Below is the operation report of the Wedding Palace for last year:
In 2014 it planned to hold 1500 wedding ceremonies, while the final performance shows impressive sales.
In the last 10 years time total of 13,021 couples have been served by Wedding Palace and the busiest year was 2011, year of Rabbit. This year total of 1,989 couples turned to Wedding Palace to celebrate their happy moments.
Employees at the Wedding Palace hope that it won't be privatized.
Wedding Palace was established with the initiative of first lady of Yu.Tsedenbal Ms.Filatova with the Russian aid. It was opened in June 14, 1976 and has registered over 40 thousand coulpes over the years since its establishment.
During the economic downfall government is discussing the privatization of the state entities with losses. The list includes Wedding Palace, which meets protests from the public and other organizations, for instance, Mongolian Youth Association and MPP Group at the City Council.
Although the privatization agreement calls for the use of the privatized property and entity per their purpose it has never been the case.
There are instances with privatization of the properties located in the city center, which are not being used as per their initial purpose, starting from the circus, therefore privatization of Wedding Palace is not welcomed by many.
Last Tuesday City Council meeting has discussed the list of the city property and entities to be privatized due to the losses occured. The list is to be finalized and approved on March 23 after the second discussion.
Appearance of the Wedding Palace on the list was expallined with losses it has accrued during the last year's acitivities, citing to the losses of MNT 46 million as of first half of 2014.
The number of the losses accrued in the first half of 2014 is explained by the weather conditions and traditions of Mongolians, who are more inclined to celebrate wedding ceremonies during summer and autumn months, leaving the winter and spring months with rather down time. While the annual numbers look far more optimistic:
- in 2013 it accrued profits of MNT 249 million
- in 2014 it accrued profits of MNT 406 million.
Below is the operation report of the Wedding Palace for last year:
In 2014 it planned to hold 1500 wedding ceremonies, while the final performance shows impressive sales.
In the last 10 years time total of 13,021 couples have been served by Wedding Palace and the busiest year was 2011, year of Rabbit. This year total of 1,989 couples turned to Wedding Palace to celebrate their happy moments.
Employees at the Wedding Palace hope that it won't be privatized.
Wedding Palace was established with the initiative of first lady of Yu.Tsedenbal Ms.Filatova with the Russian aid. It was opened in June 14, 1976 and has registered over 40 thousand coulpes over the years since its establishment.