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PROPEA (Czech Business Support) project to be implemented at MBD www.mongolianbusinessdatabase.com

Today, on Feb 14, 2022 H.E.Mr. Jan Vytopil Ambassador of Czech Republic and Mr. Ser-Od Ichinkhorloo Founder/CEO of MBD (Mongolian Business Datasase) signed the contract for PROPEA (Czech Business Support) project in Mongolia.
The long-term goal of the PROPEA program is:
 provide quality services to Czech companies on foreign markets,
 reduce Czech companies' risks associated with entering demanding foreign markets,
 to support Czech companies in the future, whose activities abroad are not limited to exports, but rather have an investment character,
 strengthen the capacity of the Czech Republic to support a more permanent presence of companies in foreign markets.
The PROPEA program is funded by inter-ministerial funds to support economic diplomacy. The services provided within the PROPEA projects are cost-effective for companies and, namely, in Mongolia they represent a supplement to the individual services provided by the embassy, inter alia, in the form of PROPED economic diplomacy projects. 70% of the PROPEA budget subsidizes 70% of the price of the service, the remaining 30% is co-financed by interested Czech companies. The complete tariff of services that Czech companies can use within PROPEA projects contains the following items:
 elaboration of a business plan for market entry or investment,
 preparation of legal, tax, financial and legislative analysis,
 launching products on the market (assistance in negotiations with financial institutions, support in setting up an account and securing financing, setting up a company, etc.),
 securing licenses, certifications, product registrations and trademarks,
 provision and verification of documentation for import / export and logistics,
 creation and coordination of supplier and partner networks,
 provision of promotional, marketing and PR services,
 start-up / start-up support for service companies use of technical background,
 Representation of the company on the spot (on a commercial contractual basis between a Czech company and a foreign representative, without financial support from the PROPEA budget).


Published Date:2022-02-14