Mongolia’s capital market capitalization reaches highest level
Despite significant challenges facing Mongolia's economic and financial markets amid the COVID-19 pandemic over the past two years, market capitalization, trading volumes, and index have all recently reached historically high levels.
3-percent interest rate loans to be given to meat companies
As part of the ‘MNT 10 trillion Comprehensive Plan for Health Protection and Economic Recovery’, one-year term loans totaling MNT 100 billion will be issued at a 3 percent interest rate for the preparation of up to 20 thousand tons of meat for coming winter and spring.
Feasibility study on free trade agreement between Mongolia and EEU to be accelerated
Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russian Federation D.Davaa had a meeting with Andrey Slepnev, Member of the Board – Minister in charge of Trade of the Eurasian Economic Commission, on September 6.
Suu JSC joins Blue Ribbon Programme
On September 6, the EBRD welcomed Suu JSC to the ‘Blue Ribbon’ programme. By joining the programme, Suu JSC will receive an international and local advisory services specifically tailored for them.
Discussion on draft ‘Basic guidelines for 2022 State Monetary Policy’ held
Ulaanbaatar /MONTSAME/. The first discussion on draft ‘Basic guidelines for 2022 State Monetary Policy’ was organized by the Bank of Mongolia on September 6.
EBRD and Khas Bank support Mongolia’s dairy producer Suu Milk
The European Bank for Reconstruction and Development (EBRD) and the local lender Khas Bank are contributing to the development of dairy farming and processing in Mongolia by supporting the expansion of the country’s leading dairy company Suu Milk.
BoM purchases 1.9 tons precious metals on August
Ulaanbaatar /MONTSAME/. On August 2021, the Bank of Mongolia purchased 1.9 tons of precious metal, raising the BoM’s total precious metal purchase of 2021 to 12.9 tons.
ADB partnership with Mongolia to focus on recovery from COVID-19 for inclusive and sustainable growth
On September 6, the Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Mongolia covering 2021–2024 to help the country recover from the coronavirus disease (COVID-19) pandemic and lay resilient foundations for inclusive and sustainable growth.
Revenue of hotel industry decreases by 18.1 percent
Ulaanbaatar/MONTSAME/. In the first half of this year, the hotel industry revenue reached MNT 62.7 billion, showing a decline of MNT 13.9 billion or 18.1 percent, compared to the same period of the previous year.
Mongolia-Poland business forum to be held
O. Amartuvshin, President of the Mongolian National Chamber of Commerce and Industry (MNCCI), and B. Lkhagvajav, Director of Urbanek LLC, held a meeting with H.E. Mr. Krzysztof Bojko, Ambassador of Poland to Mongolia, on September 3.
Policy rate decline leads to an increase in domestic investment
Ulaanbaatar /MONTSAME/. In the first half of this year, macro economy has grown by 6.3 percent due to operations in the mining sector and the increase in commodity prices.
B.Solongoo: The operations of Oyu Tolgoi company will be monitored
Ulaanbaatar /MONTSAME/. B.Solongoo, Deputy Chief of the Cabinet Secretariat informed about the progress of discussions being held between the Cabinet and the Rio Tinto Group as well as the current situation.
Finance Minister B.Javkhlan: Gashuunsukhait border checkpoint resumes operations
On August 31, Minister of Finance B.Javkhlan announced that the Gashuunsukhait border checkpoint has resumed operations from August 30. Due to the pandemic situation, the Chinese side had made the decision to temporarily halt coal transport between Gashuunsukhait and Gantsmod border checkpoints for 14 days.
Construction of terminal for container transportation to increase coal export
Ulaanbaatar/MONTSAME/. The establishment of additional terminal for containerized shipping at Gashuunsukhait and Shiveekhuren border checkpoint is 80 percent complete.
Coal trucks begin to transport freight from Erlian border checkpoint
The working group appointed by the Government has now been working at Zamiin-Uud for over a month. While 100 transport vehicles used to enter through the border during the time the working group began to be established, the number of vehicles has increased to 170 as of today.
Mongolia’s central provinces aim to develop Environmentally Sustainable Agriculture
Agriculture sector development with more value-added processing is a key to supporting rural economies and creating jobs in Mongolia’s provinces, the Asian Development Bank (ADB) and stakeholders discussed at an event on August 27.
President U.Khurelsukh to participate virtually in Eastern Economic Forum
President of Mongolia U.Khurelsukh will address the Eastern Economic Forum 2021 which will be held in Vladivostok, Russia on September 2-4.
Jobs support loans issued to 23,936 individuals and businesses
As part of the ‘MNT 10 trillion Comprehensive Plan for Health Protection and Economic Recovery’, jobs support loans totaling MNT 1,811.9 billion have been given to 23,936 borrowers – 5,205 businesses and 18,731 borrowers – as of August 23.
First meeting of national committee for stimulating the economy takes place
Ulaanbaatar /MONTSAME/. The first meeting of the National Committee in charge of stimulating the economy amid the pandemic, increasing export, promoting import-substitute national manufacturing, strengthening public-private partnership and increasing investment took place in August 24.
International service standards being introduced at the new airport
Ulaanbaatar /MONTSAME/. New Ulaanbaatar International Airport LLC, which was established jointly by Mongolia and Japan, is taking responsibility started working in charge of the management of Chinggis Khaan International Airport in Khushigt Valley, built with a soft loan funding from the Government of Japan.
B.Turmunkh: I illustrated 60 pieces for the updated version of ‘The Secret History of Mongols’
D.Sumiyabazar: Law on Legal Status of Ulaanbaatar City has been successfully amended after 27 years
P.Khaliun: I believe the relations between two countries will soon reach strategic partnership