Credit rating agency to be established
The Financial Regulatory Commission (FRC) is working in partnership with the Japan International Cooperation Agency (JICA) on diversifying financial instruments to develop the capital market of Mongolia.
Tourism revenue increases by 10.2 percent
Mongolia received a total of 529.360 tourists in 2018 and it increased by 9 percent or 47.902 in 2019, according to Ulaanbaatar City Tourism Department.
Mongolia’s first automobile ‘MOZO’ to debut in February
Bars Motors company of Mongolia opened a joint automotive assembly plant in Hangzhou, China on December 6 and launched the production of its first automobile.
There are 2789 mining permits nationwide
Ulaanbaatar /MONTSAME/. At the monthly press briefing ‘Transparent and Accountable Mining’, a report on 2019 statistical review of the mining sector was introduced.
Oil extraction increases by 7.6 percent
Oil production reached 6.88 million barrels in 2019, according to preliminary data of Ministry of Mining and Heavy Industry. It increased by 487.42 thousand barrels or 7.6 percent compared with the same period of 2018.
Mining sector contribution to budget reaches MNT 2.6 trillion
Ulaanbaatar /MONTSAME/. The Ministry of Mining and Heavy Industry held today, January 21, a monthly press briefing ‘Transparent and Accountable Mining’. At the conference, Minister of Mining and Heavy Industry D.Sumiyabazar delivered a report on the statistical review of the mining sector for 2019.
Business cooperation expands with India
More than 200 businesses took part in Mongolia-India business forum 'India: Destination of Business Opportunities' that took place yesterday, on January 20 within the framework of the 65th diplomatic anniversary between Mongolia and the Republic of India.
Agriculture Minister meets Director General of World Organisation for Animal Health
Minister of Food, Agriculture and Light Industry Ch.Ulaan met with Monique Eloit, Director General of the World Organisation for Animal Health (OIE) during his working visit to Berlin, Germany.
Ambassadors to promote Mongolian cashmere
Backing up and promoting Mongolian cashmere products to foreign countries connecting with tourism is one of the gateways to increase export.
Vision-2050 document envisages poverty rate to be at 5 percent by 2050
The ‘Vision-2050’ is a policy document, which was formulated by a working group comprising of 1500 people, including scholars, experts and state secretaries of 13 ministries, heads of some government agencies, authorities of universities and representatives of non-government organizations.
Discussion takes place on development of corporate bond market
Since the stock market was established in Mongolia 29 years ago, 16 domestic companies have put their bonds on the market, gathering an investment of MNT 25.6 billion.
'Mongolia-India Business Cooperation' Forum takes place
In frames of the 65th diplomatic anniversary between Mongolia and the Republic of India, ‘Mongolia-India Business Cooperation’ forum has taken place today at the Mongolian National Chamber of Commerce and Industry (MNCCI).
Number of foreign workers with labor contract in Mongolia decreased by 55.6 percent
At the end of December 2019, 4.6 thousand foreign workers from 95 foreign countries were employed with labor contract in Mongolia including persons in employment work for pay or profit and persons in volunteer work without pay or profit.
Savings in foreign currency increased by MNT464.2 billion from previous year
At the end of December 2019, the time deposit in domestic currency amounted to MNT 11.1 trillion, showing an increase of MNT 356.9 billion (3.3%) from the previous month and MNT 923.0 billion (9.1%) from the end of the previous year.
Principals in arrears decreased by MNT 24.8 billion from previous year
In the end of December 2019, the amount of outstanding loan to entities, enterprises and citizens amounted to MNT 18.1 trillion, showing an increase of MNT 870.4 billion (5.1%) from the same period of previous year.
Trade of government bonds in secondary markets amounted to MNT 27.9 billion in 2019
In 2019, 450.4 million pieces of securities worth of MNT161.4 billion were traded at the national stock market, which is decreased by MNT 198.7 billion (55.2%) compared to the same period of the previous year.
Tax revenue increased by 18.8 percent compared to previous year
In 2019, general government budget revenue amounted to MNT 11.9 trillion by preliminary results, with MNT 10.8 trillion of which accounted for equilibrated revenue.
Mongolia’s foreign trade surplus reaches USD 1.5 billion in 2019
In 2019, Mongolia traded with 152 countries from all over the world and total trade turnover reached USD 13.7 billion, of which USD 7.6 billion were exports and USD 6.1 billion were imports.
Sales of industrial production reach MNT 20.1 trillion in 2019
By preliminary results of 2019, the gross industrial output reached MNT 17.4 trillion, showing an increase of MNT 1.8 trillion (11.2%) from the previous year.