Measures to be taken on kicking off the Fourth Industrial Revolution
This year marks the 85th anniversary of the light industry sector in Mongolia. On October 21, the national light industry conference was organized at the State House to discuss the current state and pressing issues of the sector.
Central bank presents monetary policy stance for 2020
Ulaanbaatar /MONTSAME/. On October 21, the Bank of Mongolia organized an open discussion on the monetary policy of Mongolia for the third year with a view to shed light on the formulation of the country’s monetary policy outline on the basis of macro-economic factors and basic economic indicators.
President Kh.Battulga: Participation of scholars is crucial for policy on minerals
The celebratory conference on the occasion of the 80th anniversary of the establishment of the geology sector in Mongolia took place at the State House on October 18.
Harvesting of vegetables completes
This week 233.5 thousand yields have been harvested nationwide, of which 167 thousand tons are vegetables, 70.2 thousand tons of fodder and 51 thousand tons of oil plants, reported the Ministry of Food, Agriculture and Light Industry.
B.Uyanga: DBM not only provides loans, but also supports development projects it financed
We interviewed B.Uyanga, Director of Credit Financing Department of the Development Bank of Mongolia.
Over 100 entities participating in ‘Mongol Export Expo 2019’
‘Mongol Export Expo-2019’, a fair of leather and cashmere products was opened on October 17 at Misheel expo center.
ADB, IFC, and Ulaanbaatar City partner to apply green building standards
The Asian Development Bank (ADB), International Finance Corporation (IFC), and the Municipality of Ulaanbaatar City recently signed a memorandum of understanding to support the implementation of the Excellence for Design and Greater Efficiencies (EDGE) green building standards and certification system for 10,000 new affordable homes to be built under the Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Sector Project.
EBRD supports gold mining in Mongolia
EBRD support for a mining investment in southwestern Mongolia will create jobs and ensure the highest possible environmental standards at the Khundii Gold project in the Bayankhongor region of the country.
Mongolia-Austria Business Forum to be held tomorrow
Mongolia-Austria Business Forum is to be held tomorrow, October 17 at Shangri-La hotel.
Domestic manufacturers produce cosmetics worth MNT 4 billion
In the framework of the 85th anniversary of the establishment of the light industry in Mongolia, a discussion under the theme, ‘Pressing issues in the Mongolian cosmetics sector and its solutions’ was jointly organized by the Ministry of Food, Agriculture, and Light Industry and the Mongolian Cosmetics Cluster on October 11.
Sales of industrial production increase by 14.3 percent
In the first 9 months of 2019, the gross industrial output reached MNT 13.0 trillion, showing an increase of MNT 1.7 trillion (15.0%) from the same period of previous year.
Total foreign trade turnover increases by 9.5 percent
In the first 9 months of 2019, Mongolia traded with 145 countries from all over the world and total trade turnover reached USD 10.5 billion, of which USD 5.9 billion were exports and USD 4.6 billion were imports.
Tax revenue increases by 21.2 percent
In the first 9 months of 2019, total equilibrated revenue and grants of the General government budget amounted to MNT 7.7 trillion and total expenditure and net lending amounted to MNT 7.3 trillion, resulting a surplus of MNT 484.6 billion in the equilibrated balance.
Mongolia and Kazakhstan to jointly build gold and silver refining plant
Mongolia and Kazakhstan established an agreement on building and commissioning a gold and silver refining plant during a Mongolia-Kazakhstan Business Forum held on October 11 in Nur-Sultan, Kazakhstan. The Kazakhstan side will introduce its technology of gold and silver refining into Mongolia free of charge. The patent costs USD 30 million.
Nationwide harvesting reported
During the spring sowing 2019, 512.0 thousand hectares were cultivated for crop, including 364.8 thousand hectares for grain of which 340.0 thousand hectares were for wheat; 14.8 thousand hectares for potatoes, 8.0 thousand hectares for vegetables, 82.4 thousand hectares for oil plants and 42.0 thousand hectares for fodder plants.
Mongolia-Kazakhstan business forum held
Delegation of over 60 Mongolian companies and some 160 business delegation of Kazakhstan attended Mongolia-Kazakhstan Business Forum.
Mongolia ranks 102nd in Global Competitiveness Report
The Global Competitiveness Report series released by the World Economic Forum (WEF) introduced this year’s Global Competitiveness Index (GCI), in which Mongolia scored 52.6 point and stood at 102nd out of 141 countries.
27.2 thousand tons of meat exported
According to the statistics of customs office, a total of 27.2 thousand tons of meat, including 13.5 thousand tons of horse meat, 1045 tons of mutton and goat meat, 855 tons of by-products and 11.8 thousand tons of heat-processed meat has been exported in the first nine months of this year.
Seminar on transport issues in Northeast Asia transport corridors held in UB
Ulaanbaatar /MONTSAME/. The First Seminar of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) –Greater Tumen Initiative (GTI) with overall theme ‘Transport Issues in North-East Asia Transport Corridors: Challenges and Opportunities for North-East Asia’ was organized on October 10 at the Ministry of Foreign Affairs in Ulaanbaatar.
Youth engagement in the economy being discussed
It is not easy to do business, but, there is unlimited business space, Chairman of the Mongolian National Chamber of Commerce and Industry (MNCCI) O.Amartuvshin remarked in his greetings delivered at ‘Youth Engagement in the Economy 2019’, young entrepreneurs forum that kicked off today.