Ulaanbaatar
Mongolian Entrepreneurs Tour the Prague Stock Exchange
Economy
Prague, March 11, 2025 /MONTSAME/. On March 11, 2025, the Mongolian delegation led by President of the Mongolian National Chamber of Commerce and Industry (MNCCI) Tur-Od Lkhagvajav visited the Prague Stock Exchange in the Czech Republic.
Founded in 1871, the Prague Stock Exchange has a history spanning 154 years. Although its operations were suspended during World Wars I and II, the Exchange resumed its activities in 1991. It is now one of the largest exchanges in Europe, with more than 90 percent of its shares owned by the Vienna Stock Exchange in Austria.
The Prague Stock Exchange has maintained stable trading operations and has recently broadened its range of trading products. There has been a notable increase in investment fund trading. Chief Executive Officer of the Prague Stock Exchange Petr Koblic noted that in 2018, the Exchange launched the “Star Market” service, specifically designed for small and medium-sized enterprises, which has yielded positive results.
The volume of bonds issued on the Prague Stock Exchange has consistently increased in recent years. The Exchange ranks fifth in Europe in terms of investment fund operations. Mr. Petr Koblic highlighted that the growing number of shareholders demonstrates growing public interest in the capital market. Czech companies are raising capital by launching IPOs on the stock exchange.
The Vienna Stock Exchange, which holds over 90 percent of the Prague Stock Exchange, attracts bond investments and has raised approximately EUR 1 trillion from around 40 countries. Notably, Ulaanbaatar City, the Trade and Development Bank of Mongolia, and the Development Bank of Mongolia have raised bonds through the Vienna Stock Exchange.
Mr. Petr Koblic emphasized, “The Czech capital market is developing rapidly and will actively engage in the energy market. For companies, remaining state-owned is the least favorable option, while becoming publicly listed and having shareholders is a more advantageous approach.”
During the tour, MNCCI Secretary-General B. Saruul provided a brief overview of the Mongolian Stock Exchange. Meanwhile, President of the MNCCI Tur-Od Lkhagvajav invited Mr. Petr Koblic to attend the Mongolia Economic Forum scheduled for July 2025, as well as experience the National Naadam Festival and explore Mongolia.
