7th session of Committee on Trade and Investment taking place
The 7th Session of the Committee on Trade and Investment of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) kicks off on January 27.
Mortgage loans worth MNT99.5 billion disbursed
Between November 2020, and January 25, 2021, banks issued a total of MNT 99.5 billion in mortgage loans to 1,362 borrowers within the financing from the Bank of Mongolia and commercial banks.
MNCCI President meets Hungarian Ambassador
President of the Mongolian National Chamber of Commerce and Industry (MNCCI) O.Amartuvshin met with Ambassador Extraordinary and Plenipotentiary of Hungary to Mongolia Borbala Anna Obrusanszky.
Mongolian Trade Representative Office to be opened in Vladivostok
Russian Prime Minister Mikhail Mishustin has signed a decree to open a Trade Representative Office of Mongolia in Vladivostok, reports TASS News Agency.
Leadership development program to be implemented
In aims of preparing new generation of business, a leadership development program is to be implemented by the Business Academy at the Mongolian National Chamber of Commerce and Industry (MNCCI) in cooperation with the Harvard Business School in the USA.
Gazoprovod Soyuz Vostok company registered in Mongolia
On January 22, it was reported in an official website of Gazprom Company that a special-purpose company named Gazoprovod Soyuz Vostok was registered in Mongolia.
Post-pandemic recovery of tourism program to be carried out
In coming four years, the Ministry of Environment and Tourism plans to focus on recovering tourism industry by reviving tourist flow in a short time after the pandemic. In doing so, it aims to boost tourism based on each regional features, increase jobs in rural areas, improve citizens’ livelihood and reduce adverse impacts on nature and environment caused by tourism.
Agreement signed to establish institute for bank employees specialization
The signing ceremony of the ‘Cooperation Agreement’ was held today among the Bank of Mongolia, the Mongolian Bankers Association and the Federal Republic of Germany’s ‘Sparkasse’ bank fund.
Cooperation in the field of free zones – A bilateral document between Mongolia and Turkey signed In Ankara
On January 21. 2021, Mr. Bold Ravdan, Ambassador of Mongolia to Turkey and Mrs. Gonca Yilmaz Batur, Deputy Trade Minister of Turkey signed “Memorandum of Understanding between Mongolia and the Republic of Turkey Regarding Cooperation in the Field of Free Zones” in Ankara.
First virtual meeting of chambers of Asia Cooperation Dialogue takes place
Authorities of Chambers of Commerce and Industry of 35 countries that are included in the Asia Cooperation Dialogue (ACD) met virtually on January 21.
EBRD and Bank of Mongolia agree swap facility
The European Bank for Reconstruction and Development (EBRD) and the Bank of Mongolia (BOM) have agreed to set up a long-term dollar-togrog swap facility to increase the availability of Mongolian togrog (MNT) financing to local businesses affected by the coronavirus pandemic.
Agriculture Minister meets EBRD Head of Mongolia
Minister of Food, Agriculture and Light Industry Z.Mendsaikhan virtually met with Hannes Takacs, Head of Mongolia at European Bank for Reconstruction and Development (EBRD).
First certificate of origin within Asia-Pacific Trade Agreement presented
Mongolia has joined the Asia-Pacific Trade Agreement, becoming the 7th official member country. By joining the agreement, it becomes possible for domestic manufacturers to export a total of 10,667 types of products to the other six member countries, with 5-100 percent discount in taxes.
Fodder aid delivered to aimags facing harsh winter conditions
A team led by State Secretary of the Ministry of Food, Agriculture and Light Industry T.Jambaltseren and Resident Representative of the UN Food and Agriculture Organization (FAO) in Mongolia Vinod Ahuja worked in Uvurkhangai, Bayankhongor, and Gobi-Altai aimags that are facing severe winter weather on January 17-19 to deliver fodder aid.
Mongolia’s Stock Exchange celebrates 30th anniversary
January 18, 2021 marked the 30th anniversary of the establishment of the Mongolian Stock Exchange and the stock market in Mongolia. Prime Minister U.Khurelsukh yesterday visited the Mongolian Stock Exchange and its exhibition hall displaying the history of Mongolian’s stock market, and rang the market opening bell on the occasion of the anniversary.
Securities traded at national stock market decreased by 66.6 percent in 2020
In 2020, securities worth MNT 53.9 billion were traded at the national stock market, decreased by MNT 107.6 billion (66.6%) compared to the previous year.
MNCCI organizes e-conference to intensify trade and business cooperation between Mongolia and China
The Mongolian National Chamber of Commerce and Industry (MNCCI) in cooperation with the Jilin Chamber of Commerce of the People's Republic of China and the Consulate General of Mongolia in Hohhot, organized an online conference to intensify trade and business cooperation between the two countries.
Mongolia-Hungary Joint Economic Commission convenes
Co-chairs of the Mongolia-Hungary Joint Economic Commission, State Secretary of the Ministry of Food, Agriculture and Light Industry T.Jambaltseren and Istvan Deputy State Secretary of the Hungarian Ministry of Foreign Affairs and Trade Joo Istvan, had a virtual meeting.
Deficit of equilibrated balance reaches MNT4.5 trillion
According to the preliminary results of 2020, the total revenue of the general government budget was MNT 10.4 trillion, of which the equilibrated revenue of the general government budget amounted to MNT 9.4 trillion or 90.6% of the total revenue of the general government budget.
Mohammad Faisal Al-Mutairi: Transportation is the main problem in the expansion of Mongolia-Kuwait trade