Mongolia’s rating upgraded to ‘B’ with stable outlook
S&Ps Global Ratings upgraded Mongolia’s rating to ‘B stable’ from ‘B-‘ on November 9.
Master plan to define sustainable development of energy sector
A seminar under the theme, ‘Master Plan of the Mongolian Energy Sector’, is taking place in the frameworks of partnership in sustainable development at the Shangri-La Hotel.
Ch.Khurelbaatar: No budget amendments will be made next year
Parliament approved the 2019 State Budget during its plenary meeting on November 2. Minister of Finance Ch.Khurelbaatar made clarifications on that matter.
Harvesting completes with abundant yields
Harvesting has completed nationwide, cropping 409.6 thousand tons of wheat, 160.9 thousand tons of potato, 93.6 thousand tons of vegetables, 117.8 thousand tons of fodder plants and 19.3 thousand tons of oil plants.
ADB Signs Projects to Develop Renewable Energy and Improve Tax Administration in Mongolia
On November 2, the Asian Development Bank (ADB) and Government of Mongolia signed loan and grant agreements totaling USD85.6 million for projects focused on developing the country’s first distributed renewable energy system and improving tax administration and public investment management using information and communications technology (ICT).
BoM purchases 3.4 tons of gold in October
The Bank of Mongolia (BoM) bought 3.4 tons of gold in October, which shows 34 percent growth comparing to the same period of the previous year.
Investment opportunities presented to Australian investors
Delegates lead by the Minister of Mining and Heavy Industry D.Sumiyabazar and MP A.Undraa are currently participating in the International Mining and Resources Conference (IMARC-2018), which is taking place in Melbourne, Australia. Minister D.Sumiyabazar gathered Australian investors to have a meeting today.
Infrastructure construction of oil refinery running at over 30 percent
An infrastructure construction of the oil refinery to be built in Altanshiree soum of Dornogobi aimag is running at over 30 percent.
Mongolia ranked at 74th in annual ease of doing business rankings
Governments around the world set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year, says the World Bank Group’s Doing Business 2019: Training for Reform report, released today.
Seminar on tourism planning takes place
With the support of Ministry of Environment and Tourism and the World Tourism Organization (UNWTO), the seminar ‘Planning in tourism’ kicked off at the Freshwater Resources and Nature Conservation center yesterday.
‘Erdenes Tavan Tolgoi’ participating the IMARC 2018
Representatives of the Erdenes Tavan Tolgoi JSC led by the CEO of the company B.Gankhuyag are attending the International Mining and Resources Conference 2018 (IMARC) being held from October 29 to November 2 in Melbourne, Australia.
Mongolia celebrates World Savings Day
Bank of Mongolia (BoM), Deposit Insurance Corporation, Mongolian Bankers Association, Sparkassen Finanzgruppe (German Savings Banks Foundation for International cooperation) and commercial banks celebrated the World Savings Day on October 31.
IMF Executive Board approves USD36.22 million disbursement
On October 31, the Executive Board of the International Monetary Fund (IMF) completed the fifth review of Mongolia’s performance under the program supported by a three-year extended arrangement under the Extended Fund Facility (EFF).
B.Lkhagvasuren: Bank of Mongolia will have policy on keeping policy interest rate stable
Today, the Standing Committee on Economy and the Bank of Mongolia (BoM) jointly organized a discussion on the topic, “Global environment and important issues in drafting and implementing economic policy”.
Mining Minister meets Australian Minister for Resources
Mongolian delegation headed by Minister of Mining and Heavy Industry D.Sumiyabazar is attending the International Mining and Resources Conference (IMARC-2018) taking place in Melburn, Australia from October 29 to November 1.
Mongolia’s 2019 financial and economic outlook discussed
The American Chamber of Commerce (AmCham) in Mongolia hosted its last Monthly Meeting of 2018, with a panel of leaders from the private sector, international community, and independent researchers today, on October 30, at Shangri-La Hotel in Ulaanbaatar.
Director of International Trade Center pays visit to Mongolia
On October 29, Executive Director of the International Trade Center (ITC) Ms. Arancha Gonzalez visited Mongolia at the invitation of Foreign Affairs Minister D.Tsogtbaatar.
Results of macroeconomic policy research presented
The second meeting of the Knowledge Sharing Program (KSP) implemented between the Bank of Mongolia (BoM) and the Bank of Korea for three years was held on October 26.
Yolanda Fernandez Lommen: ADB to cooperate with Mongolian Government in new sectors next year