Products worth EUR 50,000 carried to Frankfurt by charter flight
The European Union (EU) Trade Day is running its second day under the theme “Increasing export capacity of Mongolia to the European market.”
New IFC Guidebook supports development of Mongolia’s livestock sector, offers scope to bolster exports
Developing modern feedlots could help Mongolia improve its beef production efficiency, export competitiveness, and rural household incomes, reveals a new guidebook by IFC, a member of the Work Bank Group.
Secondary Market Trading of National Privatization Fund launched
The secondary market trading of units of National Privatization Fund (NPF), Mongolia’s first closed-end investment fund, started on October 23, 2020 upon the completion of the registry and exchange of relevant information by the ‘Mongolian Central Securities Depository’ LLC and the right to redeem extra payment is now effective through securities companies.
Mongolia makes trade of USD 26 million with EU countries
he European Union (EU) Trade Day is being organized between October 26 and 27 under the theme of “Increasing export capacity of Mongolia to the European market”.
Cooperation projects discussed with WB Vice President
Minister of Finance Ch.Khurelbaatar on October 22 had a virtual meeting with World Bank’s Vice President for East Asia and Pacific Victoria Kwakwa, Global Director for Finance, Competitiveness and Innovation Alfonso Garcia Mora, Country Director for Mongolia Martin Raiser, and Country Manager for Mongolia Andrei Mikhnev.
Views exchanged on exporting Mongolian brands to European market
On October 23, Minister of Food, Agriculture and Light Industry Z.Mendsaikhan received the delegation of EU headed by Ambassador Extraordinary and Plenipotentiary of EU to Mongolia Mr. Traian Laurentiu Hristea.
Ambassadors take part in BCM Monthly Meeting
October Monthly Meeting of the Business Council of Mongolia was held yesterday with participation of Ambassadors of Canada, Germany, Italy, the United States, India and the European Union.
U.Sarangoo: Mongolian cashmere products have begun to provide for luxury demands of global brands
The global cashmere market began to have demand for products made with environmentally and economically sustainable commodities from recent years. In order to implement this in Mongolia, the Sustainable Textile Production and Eco Labelling Project – STeP EcoLab is being implemented by AVSF Mongolia with financing from the European SWITCH-Asia Programme.
International standard certification presented to three leather processing factories
On October 21, certifications for the international standard for quality management system ISO 9001:2015 were presented to ‘Mon-Ireedui’ leather and hide processing factory, ‘Best Shoes’ shoe manufacturing factory, and ‘Darkhan Nekhii’ leather processing factory at the Ministry of Food, Agriculture, and Light Industry.
Pine Nut Cluster established
Pine Nut Cluster has been established under the initiative of the CEO of the Mongolian National Chamber of Commerce and Industry (MNCCI) Mr. Duuren T with an aim of unifying the chaotic pine nut exports, reducing the influence of resellers, creating a value chain and producing the final product to export directly to the International markets.
Third EU Trade Day in Mongolia: Increasing the export potential of Mongolia to the European Union market
Ulaanbaatar, 26-27 October: The European Union is organizing the third EU Trade Day Conference in Mongolia. The event will bring together more than 250 participants from the public and private sectors from Mongolia and abroad. On this occasion the EU-financed Trade Related Assistance to Mongolia (TRAM) and its partners will present their achievements in developing sustainable trade policy measures, the project’s impact on the diversification and increase the export of value-added products to the market of the European Union.
AmCham hosted Head of the Cabinet Secretariat L. Oyun-Erdene to its October Monthly Meeting
The American Chamber of Commerce in Mongolia (AmCham Mongolia) held its October Monthly Meeting, Government Priorities and the Role of Foreign Investment, with guest speaker Head of the Cabinet Secretariat L. Oyun-Erdene.
PM works at gov’t organizations in charge of administering minerals industry
On October 20, Prime Minister of Mongolia U.Khurelsukh worked at the National Geology Office, Mineral Resources and Petroleum Authority and Ministry of Mining and Heavy Industry.
Mongolia, Russia and China to jointly develop tourism
The fifth meeting of the Ministers of Tourism of Mongolia, Russia and China was held virtually yesterday, on October 20. The meeting was organized at the initiation of the Federal Agency for Tourism of Russia, focusing on the revitalization of the tourism industry, which suffered the most from the global outbreak of COVID-19 pandemic, and the establishment of joint tourist itineraries and the expansion of cooperation within the sector.
Tourism companies to jointly create a brand product
A discussion took place on the challenges that have surfaced in the tourism sector due to the pandemic and its solutions at the Mongolian National Chamber of Commerce and Industry (MNCCI) on October 20.
Mortgage loan interest cut to 6 percent
During the parliamentary discussion held on October 16, Friday on Mongolia’s budget bills, such as State Budget bill for 2021, Social Insurance and Health Insurance Budget Bills for 2021, Minister of Construction and Urban Development B.Munkhbaatar informed that commercial banks had already started issuing mortgage loans with lowered interest rate of 6 percent to eligible borrowers.
‘Statistics- usage’ workshop organized
On the occasion of World Statistics Day, a workshop themed ‘Statistics-Usage’ was organized on October 19 with a purpose to introduce official statistical data, improve its usage and present the major activities planned for this year.
Mongolia-ROK agricultural product fair to take place
This year marks the 30th anniversary of the establishment of diplomatic relations between Mongolia and the Republic of Korea.
First rural “Start-Up” Center opens in Dornod
The first rural “Start-up Center” was opened in Dornod aimag with investment of MNT 120 million from the Local Development Fund.
Labor shortage in harvest looming despite abundant crop yields
This year, sowing was made on 536,600 hectares of land, which equals to 0.34 percent of the total land of Mongolia’s territory with high mountains and wide open steppe-grassland. Out of the sowing areas, wheat was sowed on 364,000 hectares, potatoes on 18,600 hectares, vegetables on 9,600 hectares, rapeseed on 61,100 hectares and fodder plants in 52,700 hectares respectively.
G.Tumurchuluun: I found out from my students that my book was being sold at Cuban bookstores