Tribute paid to a representative of Polish specialists who worked in Mongolia
On the occasion of the 70th anniversary of the diplomatic relations with the Republic of Poland, Mongolian Ambassador to Poland B. Dorj hosted a meeting with a 92-year-old Polish citizen Zjislav Banasik as a representative of Polish specialists, who had worked in Mongolia, on October 14 at the Embassy in Warsaw.
UN asked to cooperate for capacity building of civil service
On October 16, Chief of the Cabinet Secretariat of the Government L. Oyun-Erdene received UN Resident Coordinator Tapan Mishra, together with representatives of UN organizations.
Khan Bank named the Best Domestic Bank in Mongolia for the 11th time
Euromoney magazine has named Khan Bank the 2020 Best Domestic Bank in Mongolia again.
COVID-19 cases in Mongolia reach 324
According to the Ministry of Health, four COVID-19 cases were confirmed yesterday, October 18, after a total of 462 people were tested.
Mongolia’s Ambassador to Italy attends international conference
Mongolian Ambassador to Italy Ts.Jambaldorj addressed at the International Conference for the 25th anniversary of the 1995 UNIDROIT Convention on Stolen or Illegally Exported Cultural Objects on October 8-9 in Rome.
MonJa Startup Accelerator Program announced
The Japan International Cooperation Agency (JICA), Mongolia-Japan Center (MOJC), and MobiCom Corporation LLC (MobiCom) announced the launch of the MonJa Startup Accelerator Program for businesses emerging during the COVID-19 outbreak.
Deficit of government budget decreased by 56.7 percent
According to the preliminary results in the first nine months of 2020, the total revenue of the general government budget was MNT 7.3 trillion.
Non-performing loans in banking system amounted to MNT 2.0 trillion
At the end of September 2020, the total amount of outstanding loan to entities and individuals amounted to MNT 17.3 trillion, decreased by MNT 30.9 billion (0.2%) from the previous month, and by MNT 802.6 billion (4.4%) from the same period of the previous year. In the total outstanding loans, MNT 8.9 trillion (51.5%) was individual loans.
Deputy PM works in Dundgobi aimag
A working group, led by Deputy Prime Minister Ya.Sodbaatar, visited Dundgobi aimag on September 11 to oversee activities of local organizations and meet with the citizens.
MONTSAME Agency Director meets DPRK Ambassador
On October 12, Director-General of MONTSAME News Agency B.Ganchimeg received Ambassador Extraordinary and Plenipotentiary of the Democratic People’s Republic of Korea to Mongolia O Sung Ho.At the beginning of the meeting, Ms. Ganchimeg congratulated the Ambassador on the 75th anniversary of the founding of the ruling Workers’ Party of Korea.
Securities traded at stock market dropped by 73.2 percent from last year
According to the first nine months of 2020, securities worth MNT 34.8 billion were traded at the national stock market, which showed a decrease of MNT 94.9 billion (73.2%) compared to the same period of the previous year.
Term deposits in foreign currency increased by 74.7 percent from last year
The national currency in circulation reached MNT 950.1 billion at the end of September 2020, increased by MNT 21.9 billion (2.4%) from the previous month, and MNT 60.3 billion (6.8%) from the same period of the previous year.
Two more COVID-19 cases confirmed, total at 320
The novel coronavirus has been detected in two people after the laboratories nationwide carried out tests on 707 people yesterday, October 12, reported the Ministry of Health of Mongolia. Also, one patient made a recovery and has been transferred into the next stage isolation.
Tavantolgoi-Gashuunsukhait railway construction progresses
Deputy Prime Minister Ya. Sodbaatar got acquainted with the progress of a construction work of 240-km Tavantolgoi-Gashuunsukhait railroad.
Knowledge sharing event successfully organized
In close collaboration with the Metropolitan Education Department, the ‘Energy Efficient Building Refurbishment in Mongolia Project’ (EEP/PIE2) facilitated a ‘Horizontal Learning Process’ workshop on October 8, 2020. The workshop was supported by ‘MIRIM’ consultancy firm and attended by school & kindergarten principles, administrators, teachers & parents.
Mining and quarrying gross output decreased by MNT 2.1 trillion
According to the preliminary results, the gross industrial output reached MNT 11.1 trillion in the first nine months of 2020, decreased by MNT 2.3 trillion (17.2%) from the same period of the previous year. This decrease was mainly due to MNT 2.1 trillion (21.5%) decrease in the mining and quarrying gross output. However, the electricity, thermal energy, and water supply production output increased by MNT 62.4 billion (7.9%) compared to the same period of the previous year.
Confirmed COVID-19 cases reach 318, with 310 recoveries
At today’s 11 AM daily press briefing of the Ministry of Health, D.Nyamkhuu, Director of the National Center of Communicable Diseases (NCCD) reported three newly detected cases of COVID-19 in Mongolia.
Exports decreased by 13.4 percent compared to previous year
According to the first nine months of 2020, Mongolia traded with 141 countries from all over the world, and the total trade turnover reached USD 9.1 billion, of which USD 5.1 billion were exports and USD 3.9 billion were imports. Total foreign trade turnover decreased by USD 1.5 billion (13.9%), of which exports decreased by USD 799.0 million (13.4%), and imports decreased by USD 670.7 million (14.6%) compared to the same period of the previous year.