Economy
MSE Trade News
Mongolian Stock Exchange (MSE) JSC traded 1,385,758 shares of 45 companies by MNT 237,304,869 on March 01.
918天
Discussion on “Electronic Trading of Export Coal” Organized Successfully
To set actual market prices of coal and ensure accurate, and prompt delivery of trading information to sellers, buyers, and other participants, the discussion on “Electronic Trading of Export Coal” was held successfully at Premier Tuushin Hotel on February 27.
918天
Coal Transportation Arranged by Mines and Coal Producers
Road transportation plays a vital role in the electronic trading of coal, as transportation costs account massive part of the coal trade. According to the Plenipotentiary Representative of Government for “Erdenes Tavantolgoi” Company J. Ganbat, tendering the transportation companies aims to make coal transportation more transparent and reduce transportation costs. 
919天
“E-Trans Logistics” JSC to Distribute Dividends
According to the Resolution of the Board of Directors meeting of “E-Trans Logistics” JSC, the Board approved distributing dividends of MNT 3.00 per share from net profits of 2022.
919天
Preliminary Balance of Payment for 2022
According to the National Statistics Office, the current account balance of payment was in deficit of USD 2.9 billion in 2022 and increased by USD 767.3 (36.4%) million compared to the previous year.
920天
“Tavantolgoi” JSC to Distribute Dividends
Ulaanbaatar, February 27, 2023 /MONTSAME/. The Board of Directors of “Tavantolgoi” JSC held a meeting on February 25 and made a decision to distribute dividends.
920天
Export Decreased by 22.8% Compared to the Previous Year
Mongolia traded with 107 countries worldwide in January 2023, and the total trade turnover reached USD 1.8 billion, of which exports were USD 1.1 billion and imports were USD 688.0 million.
922天
MSE Trade News
Mongolian Stock Exchange (MSE) JSC traded 783,178 shares of 50 companies by MNT 274,383,207 on February 24.
923天
Mongolian-Austrian Business Forum by WKO in Vienna
Ulaanbaatar, February 24, /MONTSAME/.  The Embassy of Mongolia in Austria, the Mongolian National Chamber of Commerce and Industry, and the Austrian Economic Chamber (WKO) will jointly organize Mongolian-Austrian Business Forum on March 16-22 in Vienna at WKO Building.
923天
Money Supply Increases by 10.9 Percent
The money supply (M2) reached MNT 29.7 trillion at the end of January 2023, which increased by MNT 2.9 (10.9%) trillion compared with the same period of the previous year, as reported by the preliminary results. The main reasons for this increase were MNT 2.7 (2.2 times more) trillion increase in the current account in foreign currency and MNT 1.4 (35.7%) trillion increase in time deposits in foreign currency.
923天
Mongolia to Export Organic Products to Europe
Ulaanbaatar, February 24, 2023 /MONTSAME/.  BioFach 2023, the number one exhibition for the organic food industry sector, took place from February 14th to the 17th at the Messe Nuremberg, Germany.
923天
GDP of Mongolia Increased by 4.8 Percent
In 2022, by preliminary estimation of production approach, Gross Domestic Product (GDP) at current prices was MNT 52.9 trillion, which is increased by MNT 9.3 trillion (21.4%) compared to the previous year. GDP at 2015 constant prices was MNT 28.4 trillion, which is increased by MNT 1.3 trillion (4.8%) compared to the previous year.
927天
Monthly Average Household Income Increases by 12.4%
According to the National Statistics Office of Mongolia, in January 2023, the consumer price index at the national level increased by 1.2% from the previous month and by 12.3% from the same period of the last year.
930天
Commemorative Coin Issued for the Year of the Rabbit
The Treasury Department of the Bank of Mongolia has issued a commemorative silver coin, “Year of the Rabbit,” welcoming the Rabbit Year of water.
931天
The First e-Auction Trading of Export Coal
The Mongolian Stock Exchange successfully organized the first e-Auction trading of export coal of “Energy Resources” LLC today. Five lots, or a total of 32,000 tons of washed hard coking coal, have been traded during the trading.
931天
The Bank of Mongolia Introduces New Banknotes Safety Application
The Bank of Mongolia launched a new smartphone application to prevent the forgery of national currency banknotes and to provide awareness and information to citizens and children. The easy-to-use application, which includes Mongolian and English versions, can be downloaded from iOS and Android operating systems and includes interesting cognitive information about the security elements of the banknotes.
932天
Entering to Sandbox has No Time Limit
The revised draft of the Sandbox Regulatory Environment Regulation for Fintech technology-based financial services creates an opportunity to receive requests to enter the sandbox without any time limit.
938天
Is the Graduated Income Tax Fair?
During the last year's World Economic Forum, the Global Association of Billionaires and Millionaires, which has a membership of more than 500 people, called for an increase in taxes on ultra-high earners. The world's tendencies suggest expanding the economy by increasing the social influence of high-income earners.
939天
Import Increases by 23.6 Percent
Ulaanbaatar, February 7, 2023 /MONTSAME/.  Mongolia has imported materials and products worth USD 688 million as of the first month of 2023, a 23.6 percent increase compared with 2022, according to Mongolian Customs General Administration (MCGA).
940天
New Oil Refinery Plant Creates 1000 Jobs
Ulaanbaatar, February 7, 2023 /MONTSAME/ The project of the New Oil Refinery plant included in the “Action Plan 2016–2020” of the Mongolian Government, has started with the soft loan of the Indian Government in Altanshiree soum, Dornogobi aimag.
940天
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