BoM purchases 795.3 kg of precious metal
In February, the gold purchase of the Bank of Mongolia (BoM) was 795.3 kg, raising the BoM’s total precious metal purchase of 2022 to 2.4 tons.
AmCham hosts a roundtable on direct flights to the United States
The American Chamber of Commerce in Mongolia (AmCham) organized the Roundtable on Launching Direct Flights to the United States on February 24, 2022.
Mongolia’s economic growth expected to be 5.1 percent this year
According to the Bank of Mongolia’s forecast in December 2021, the Mongolian economy is expected to grow by 5.1 percent this year.
Mongolia imports 275.2 thousand tons of petroleum products
According to the Ministry of Mining and Heavy Industry, Mongolia has imported 275.2 thousand tons of petroleum products from the beginning of this year.
Activities of Dairy Asia to be expanded
The Ministry of Food, Agriculture and Light Industry has announced that it is expanding the activities of the Dairy Asia Secretariat Office, which was established in Ulaanbaatar in 2020 in cooperation with the Government of Mongolia and the Food and Agriculture Organization of the United Nations (FAO).
EuroChamber's 3rd Annual General Meeting takes place
The European Mongolian Chamber of Commerce & Industry (EuroChamber) held its Annual General Meeting followed by a reception at the Best Western Premier Tuushin hotel.
Bogdkhan railway project works planned to be launched this spring
In 2021, the Cabinet gave the permission to construct the main infrastructure of the Bogdkhan railway project to ‘Tavantolgoi Tumur Zam’ LLC in 2021, with plans to launch its works this spring.
Mongolia expresses interest in having Asia-Europe trade pass through its territory
On February 22, Minister of Road and Transport Development L.Khaltar participated in the 84th plenary session of the United Nations Economic Commission for Europe's (UNECE) Inland Transport Committee, which was organized on the occasion of its 75th anniversary.
Consultation held for 36th Session of the FAO Regional Conference for Asia and the Pacific
To successfully participate in the 36th Session of the United Nations Food and Agriculture Organization’s Regional Conference for Asia and the Pacific to be held in hybrid mode in March 2022, a country consultation was held for the first time in Ulaanbaatar city.
Cheese factories to be established in 18 soums in Khuvsgul
Cheese factories will be established in 18 soums of Khuvsgul aimag, one of the aimags with the most livestock.
Export increased by 29.3 percent compared to the previous months
In January 2022, Mongolia traded with 117 countries from all over the world, and the total trade turnover reached USD 1.1 billion, of which USD 539.6 million were exports and USD 556.5 million were imports.
EBRD’s Women in Business Programme launched
Minister of Labour and Social Protection, head of the programme steering committee A.Ariunzaya took part in the opening ceremony of the European Bank for Reconstruction and Development (EBRD)’s Women in Business Programme (WiB) in Central Asia.
FAO Mongolia and Selenge join hands in developing general land management plan
The Representative of the Food and Agriculture Organisation of the United Nations (FAO) in Mongolia, Mr. Vinod Ahuja and the Governor of Selenge province, Mr. Lkhagvadorj Natsagdorj signed a Letter of Agreement on the development of general land management plan of Selenge province.
Total sales of stocks reach MNT37.7 billion
In January 2022, total sales of stocks reached MNT 37.7 billion, increased by MNT 5.9 billion (18.7 percent) from the previous month and increased by MNT 27.0 (3.5 times more) billion from the same period of the previous year.
Total revenue of general government budget increased by 42.4 percent compared to previous year
According to the preliminary results January of the of 2022, the total revenue of the general government budget was MNT 1.0 trillion, increased by MNT 301.5 billion (42.4 percent) compared to the same period of previous year. The equilibrated revenue of the general government budget was MNT 946.4 billion increased by MNT 280.4 (42.1 percent) billion compared to the same period of previous year.
AmCham Mongolia organized a meeting on the New Recovery Policy
The American Chamber of Commerce in Mongolia (AmCham Mongolia) successfully hosted a panel discussion on the New Recovery Policy on February 15, 2022.
Agreement on external inspection and sample of copper concentrate renewed
On February 15, Central Geological Laboratory state-owned enterprise and Oyu Tolgoi LLC renewed and signed the agreement to conduct an external inspection and sample of copper concentrate for export.
Mining Minister meets German Ambassador
Minister of Mining and Heavy Industry G.Yondon today met with Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany Jorn Rosenberg and Country Director of GIZ Daniel Passon and exchanged views on bilateral cooperation in the mining sector.
ETT Event 2022 organized
‘Erdenes Tavantolgoi’ JSC is implementing its ‘A6-20’ medium-term business plan for 2021-2025. In accordance with the plan, the company started large-scale national development projects.