Ulaanbaatar, July 10 : With Battulga Khaltmaa of Mongolia's leading opposition Democratic Party set to assume the presidency on Monday, the former communist state could begin to significantly restructure its economy, reducing its reliance on neighboring China and strengthening ties to other world powers. The inauguration came three days after the General Election Commission announced that Battulga won the election Friday against Miyegombo Enkhbold of the Mongolian People's Party, with 50.6 percent of the vote in the runoff. Battulga replaces Tsakhia Elbegdorj, also of the DP, after the outgoing president served the maximum two four-year terms.
Battulga Khaltmaa is sworn in as the new President of Mongolia following his victory in the second round presidential election on 7 July.