Securities trading decreased by 23.9 percent in April
In the first four months of 2020, securities worth of MNT 11.8 billion were traded at the national stock market, showing a decrease of MNT 58.7 billion (83.2%) compared to the same period of the previous year.
ADB, Mongolia sign 3 loans to boost COVID-19 response, renewable energy
The Asian Development Bank (ADB) and the Government of Mongolia today signed two loans to mitigate the severe health and economic impacts of the novel coronavirus disease (COVID-19) pandemic and one loan and grant to install the country’s first large-scale advanced battery energy storage system (BESS).
Finance Minister holds online meetings
On May 13, Minister of Finance Ch.Khurelbaatar held an online meeting with Vice President of the European Bank for Reconstruction and Development (EBRD) Alain Pilloux, EBRD Managing Director for Central Asia André Küüsvek, and EBRD Head of Mongolia, Irina Kravchenko.
Term deposit in domestic currency drops by MNT179.2 billion
The money supply reached MNT 20.2 trillion at the end of April 2020, increased by MNT 253.2 billion (1.3%) compared with the same period of the previous year.
Exports decreased by 45.3 percent compared to previous year
In the first 4 months of 2020, Mongolia traded with 125 countries from all over the world and the total trade turnover reached USD 3.0 billion, of which USD 1.4 billion were exports and USD 1.6 billion were imports.
Erdenet Mining Corporation named as top taxpayer of 2019
On the occasion of Taxpayers' Day, which takes place in the second week of May each year, the General Department of Taxation has announced the top-10 taxpayer companies of 2019, the top-10 profitable companies, and the top-10 companies that have created the most jobs in 2019 respectively.
"Hospital gear made in Mongolia can be put on U.S. market"
Minister of Foreign Affairs D.Tsogtbaatar, President of the Mongolian National Chamber of Commerce and Industry O.Amartuvshin, and Deputy Chief of Mission at the U.S. Embassy in Mongolia Gregory May became acquainted with the ‘Munkhiin Tun’ pharmaceutical factory on May 8.
ADB provides $30 million extra to Mongolia health project to fight COVID-19
The Asian Development Bank (ADB) has approved $30 million in extra financing for a health sector project in Mongolia to strengthen the country’s preparedness and response to the novel coronavirus disease (COVID-19) pandemic.
Mongolia exports USD 1.5 billion worth of goods
According to the statistics on preliminary export performance released by the Customs General Administration, Mongolia’s exports declined by 40.4 percent in the first quarter of 2020 compared with the same period of the previous year.
"MNT 1.7 billion required for Ulaanbaatar Railway’s IT upgrade"
Ulaanbaatar Railways JSC introduced the online system to their passenger transport and cargo services to make their services easily accessible as well as to reduce costs. Within its framework, they are now faced with the necessity to increase the capacity of the database and update their server to ensure security of information being transmitted abroad.
ADB, Mongolia sign loans to modernize vegetable production, irrigation
The Asian Development Bank (ADB) and the Government of Mongolia today signed $40 million in loans and a $2 million Japan Fund for Poverty Reduction (JFPR) grant to support the modernization of government-owned irrigation networks and vegetable production in Mongolia.
6,595 borrowers request to defer consumer loan payment
A decision has been made to extend the repayment of mortgage loans by six months and extend the term of consumer loans in order to reduce the burden on individuals amid COVID-19 pandemic and the loan extension deadline has expired on April 30.
Mongolia imports 16.9 million face masks in 2020
As of first 4 months of 2020, Mongolia imported 16.9 million face masks worth USD 5 million, of which 4.8 million was imported in April.
BoM purchases 1.4 tons of precious metal in April
In April 2020, the precious metal purchase of the Bank of Mongolia (BoM) was 1.4 tons, increasing the BoM’s total precious metal purchase of 2020 to 6.7 tons, of which 5 tons were gold and 1.7 tons were silver. It means the amount of precious metal purchase increased by three times compared with the same period of previous year.
Oyu Tolgoi announces Q1 2020 performance results
Oyu Tolgoi released the latest edition of its Scorecard, highlighting key performance metrics for the first quarter of 2020, and provided an update on underground development, and prevention measures on COVID-19.
AmCham Mongolia, EuroChamber host online discussion on banking sector
The American Chamber of Commerce in Mongolia (AmCham Mongolia), in partnership with EuroChamber Mongolia, organized an online roundtable on banking sector resilience and reform.
World Bank Group’s Response to COVID-19 in Mongolia
The World Bank Group is moving quickly to help countries respond to the COVID-19 pandemic.
Mortgage loan disbursed to 613 borrowers in March
In March 2020, mortgage loans worth MNT 46.6 billion were disbursed to 613 borrowers in total, of which 43 percent was issued through the source of the government and 57 percent from the commercial banks.
Deputy Agriculture Minister meets Mongolia’s Honorary Consul to Uzbekistan
Deputy Minister of Agriculture and Light Industry J.Saule on April 29 met with Honorary Consul of Mongolia to the Republic of Uzbekistan Abdugafur Yuldashevich Rakhimov.
Mongol Ecology Center: Children tend to care more about the nature and environment than adults
L.Khangai: It shouldn’t be assumed that the construction for the pipeline going through Mongolia will begin in just a few days