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Highlights
Non-performing loans decrease by 3.2 per cent
Non-performing loans in a banking system amount to MNT1035.5 billion as of the end of March, showing a decrease by MNT34.6 billion or 3.2 per cent compared to previous month. However, the amount is higher by 7 per cent or by MNT67.6 billion than the same period of last year. Non-performing loans made up 8.2 per cent of total outstanding loans, staying the same as in the first quarter of last year.
2991 days
City administration calls for productive graduation ceremony
Department of Education of the capital city administration has forwarded a guidance to all schools, private and government-owned, regarding the celebration of graduation.  The guidance concerns pupils of 5th, 9th and 12th grades, encouraging them to celebrate their graduation with purpose.
2991 days
Deputy Prime Minister meets World Bank delegates
Deputy Prime Minister U.Khurelsukh received Mona Haddad, Practice Manager for East Asia and the Pacific in the World Bank Group’s Trade and Competitiveness Global Practice on April 17, Monday to discuss the Group's new project in Mongolia.
2991 days
Speaker receives Czech Parliament delegation
On April 17, Monday, Parliament Speaker M.Enkhbold met with the Czech Republic delegation, led by Zuzka Bebarova-Rujbrova, Member of Parliament, Chairperson of the Standing Committee on Human Rights and Petitions and Head of Czech-Mongolian friendship group at the Czech Parliament, which is on a visit to Mongolia.
2992 days
Housing price index increased in short term
Tenkhleg Zuuch LLC reports on the March results of the “Housing Price Index” study conducted independently at the request of  the Bank of Mongolia. The research shows that the general index of housing price was 1,01 in March, by 1.0 per cent up than in January 2013, basic consideration period of the research. The index increased by 0.17 percent compared to the previous month. The general index increased by 0.10 per cent compared to the starting period of this year, and dropped by 3.34 per cent compared to the same month of previous year.
2992 days
DP group urges to postpone enforcement of increased tax rates
Ulaanbaatar /MONTSAME/ Today, April 17, the Democratic Party group in Parliament discussed the approved amendments to the state budget. The group urges to postpone the enforcement term of increased tax rates. Even though the group could not get majority support regarding their proposal not to raise tax rates, they request  to postpone the implementation of the three tax rates that were decided to increase. 
2992 days
Photographers to capture modern Ulaanbaatar
Ulaanbaatar /MONTSAME/ On the occasion of World Press Freedom Day which falls on May 3, Mayor’s Office has announced a photography contest themed ‘Modern Ulaanbaatar’.  
2992 days
B.Choijilsuren: Prerequisite to implement IMF's Extended Fund Facility program has been satisfied
Ulaanbaatar /MONTSAME/ The first financing of the International Monetary Fund's Extended Fund Facility program will be provided in the middle of June, said Finance Minister in his interview to itoim.mn news website. “- In the night of April 13, when the budget amendments were approved by the Parliament, Governor of the Bank of Mongolia N.Bayartsaikhan and me, as a Finance Minister sent an official letter to IMF, informing that prerequisite to implement the EFF program has been satisfied.    
2992 days
B.Ser-Od claims his second silver from Nagano Marathon
Ulaanbaatar /MONTSAME/ The annual international marathon road race “Nagano Olympic Commemorative Marathon” (Nagano 2017 for short) took place on April 16. Mongolian participant B.Ser-Od finished the race as the runner-up.
2992 days
Solo exhibition of painter N.Sanchir on display
Ulaanbaatar /MONTSAME/ A solo exhibition of N.Sanchir, painter and member of the Union of Mongolian Artists opened at the Art Gallery of Union of Mongolian Artists on April 13. The exhibition is being organized on the occasion of the 70th birth anniversary of N.Sanchir.  N.Sanchir is a son of State Prize Laureate and People’s Painter-titled L.Namkhaitseren, who was the first director of the Mongolian State Opera and Dance Theatre.
2992 days
Mongolia claims six medals from World Jiu-Jitsu Festival
Ulaanbaatar /MONTSAME/ In accordance to the “Abu Dhabi World Jiu-Jitsu Festival 2017”, which is taking place in Abu Dhabi, United Arab Emirates, “Abu Dhabi World Jiu-Jitsu Festival – Adults & ParaJiu-Jitsu” championship concluded on April 14-15. With an impressive tally, contestants from Mongolia namely B.Batmunkh, A.Gantulkhuur, A.Munkhbat and B.Uugankhuu claimed 3 gold and 2 silver medals from the tournament.
2992 days
EU project to help Mongolia to export honey products
Ulaanbaatar /MONTSAME/ A team of an EU project “Support to the Modernization of Mongolia's Standardization System” has worked in Selenge aimag on April 12-13. The team was composed of project team leader Henk De Pauw, expert Andre Francois and other members. Their mission of the Selenge working tour was to assist with exporting honey and honey products made in Selenge aimag to the European Union.
2992 days
Mortgage Corporation’s special purpose entity to release securities
Ulaanbaatar /MONTSAME/ On April 13, the Financial Regulation Commission (FRC) granted a financial activity license to ‘MIC Active Twelve Months”, a special purpose entity established by the "Mongolian Mortgage Corporation“ company last August and registered its securities.  ‘MIC active twelve months” company is releasing mortgage loan guaranteed securities of 2.7 million with nominal value of MNT100 000 and 30-year term. The Commission assigned the two companies to insure the loan package for long term and in accessible way, meeting the interest and demand of the insured.
2992 days
Land farmers meet to discuss 2017 goals
Ulaanbaatar /MONTSAME/ During his opening speech at the National Symposium of Land Farmers which took place last Friday, April 14, P.Sergelen, Minister of Food, Agriculture and Light Industry informed that 458 thousand ha land will be cultivated for sowing in 2017.
2992 days
Statement of the spokesperson of the Ministry of Foreign Affairs of Mongolia
Ulaanbaatar /MONTSAME/ Regarding the recent ballistic missile launch of the Democratic People's Republic of Korea, the Ministry of Foreign Affairs of Mongolia released a statement on April 16. 
2992 days
President discusses right to information with journalists
Ulaanbaatar /MONTSAME/ President's Office in cooperation with Provincial Press Association organized a meeting under the theme ‘Citizens’ Right to Information’ on April 14, Friday, and President Ts.Elbegdorj attended the meeting. During the meeting with journalists and correspondents working in 21 provinces of Mongolia, the President touched upon his powers granted by the Constitution of Mongolia.  
2993 days
Mongolian 3x3 basketball team wins Asian cup
Ulaanbaatar /MONTSAME/ Mongolia’s basketball team triumphed over the People’s Republic of China by 17:14 at the 3rd Asian University 3x3 Basketball Championship to claim a gold medal in men’s category.
2993 days
Khan Bank welcomes Frank Hawke to its Board of Directors
Ulaanbaatar /MONTSAME/ On April 1, Mr. Francis Edward (Frank) Hawke, a financial specialist joined Khan Bank’s Board of Directors on April 1, 2017. With 37 years of experience in finance, trade, banking, and business development in markets spreading across Asia, including China, Vietnam, Laos, Cambodia, Taiwan, the Philippines and Indonesia, Frank Hawke has worked with financial market, information technology, agriculture, and energy sectors. His career as a financial advisor and executive include leading key foreign market offices as a vice president at Citigroup from 1985 to 1997.
2995 days
Art and writing contest held within Global Money Week
Ulaanbaatar /MONTSAME/ In compliance with the “Global Money Week”, the Ministry of Education, Culture,, Science and Sport along with Bank of Mongolia, President's Office, Mongolian Bankers Association, Deposit Insurance Corporation of Mongolia organized arts and writing contest on money management among children on April 14. Under the theme “Learn-save-earn”, the “World Money Week” took place between March 27 and April 2.
2995 days
Seven types of tax rates to be raised following budget amendments
Ulaanbaatar /MONTSAME/ Amendments to the 2017 State Budget, which were approved by the Parliament yesterday, April 13, laid out to raise seven types of taxes, as the Government agreed with the International Monetary Fund in the scope of a three-year Extended Fund Facility. Tax rate increase of four types of taxes will come into effect starting May 01. Those include individual income tax, tax on interest of bank savings, customs tax on imported cigarettes and excise tax on passenger cars.
2995 days
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