Spring sowing running at 40 percent
Spring cultivation has started nationwide on May 8, but it is running differently in regions due to cool weather conditions.
Consultation ‘Foreign Trade and Investment Environment and its Challenges’ takes place
On May 21, the Ministry of Foreign Affairs and the Bank of Mongolia organized a consultation themed ‘Foreign trade and investment environment and its challenges’, inviting over 120 delegates from the Embassies in Mongolia, international, public and private organizations.
TOP-100 enterprises of 2018 ranked
On May 17, the MNCCI and the government of Mongolia co-organized the annual ceremony of ranking the TOP-100 enterprises in Mongolia, in the State House.
Foreign Minister receives Chairman of APCAC
Foreign Minister D.Tsogtbaatar received Mr. Jackson Cox, Chairman of the Asia Pacific Council of American Chambers of Commerce (APCAC) and the member of American Chamber of Commerce (AmCham) in Mongolia on May 17.
SMEs new products and services are on display
An international exhibition-fair ‘SMEs products, services and technology 2019’ opened yesterday, May 16 at Misheel Expo Center.
Workshop on promoting economic diversification taking place
The Central Asia Regional Economic Cooperation Institute and the United Nations Industrial Development Organization are jointly conducting a two-day workshop on Promoting Economic Diversification in Ulaanbaatar city on May 16-17.
Preliminary balance of payment for April, 2019
In the first quarter of 2019, current and capital account balance deficit by preliminary result reached to USD 277.4 million, decreased by USD 70.8 million compared to the same period of last year.
Non-performing loans increased by 4.3 percent
The money supply reached MNT 19.9 trillion at the end of April 2019, showing an increase of MNT 188.7 billion or 1 percent from the previous month and by MNT 3.6 trillion or 22.5 percent from the same period of previous year.
International fair to open tomorrow
International exhibition-fair ‘SMEs products, services and technology-2019’ is to open tomorrow, May 16 at Misheel Expo.
‘Best Management’ prize granted to Erdenes Tavan Tolgoi JSC
Erdenes Tavan Tolgoi JSC was named the company with ‘Best Management’, during the Bloomberg Awards 2018, held on May 13 at Shangri-La Hotel in Ulaanbaatar.
Foreign trade turnover increases by 15.9 percent
In the first 4 months of 2019, Mongolia traded with 130 countries from all over the world and total trade turnover reached USD 4.3 billion, of which USD 2.5 billion were exports and USD 1.8 billion were imports.
Possibilities of increasing Mongolia and Vietnam trade turnover discussed
Possibilities for overfulfilling Government goal to bring trade turnover between Mongolia and Vietnam at USD 70 million in 2020 were introduced by Executive Director of Mongolian Employers’ Federation (MEF) Kh.Ganbaatar during the scientific conference themed ‘Mongolia-Vietnam relations: History and Modern Times’ took place today.
Erdeneburen HPP project to be intensified
The Government of Mongolia adheres to a policy to reduce the use of imported energy and increase domestic source.
Mining income up by 41.2 percent
As reported by the Ministry of Mining and Heavy Industry, MNT 981 billion has been accumulated to the state budget from the mining sector in the first four months of 2019.
New Economic Forum held
The Mongolian National Chamber of Commerce and Industry (MNCCI), the Business Council of Mongolia, the AmCham Mongolia, the Australia Chamber of Commerce in Mongolia, the German-Mongolian Business Association (DMUV) and the French Mongolian Chamber of Commerce co-organized ‘New Economic Forum’ on May 13 at the Blue Sky Tower, Ulaanbaatar for the first time.
Working group on ‘World Expo 2020’ holds meeting
The Government made a decision regarding Mongolia’s participation in the ‘World Expo 2020’ to be held in Dubai. A working group was established with Foreign Minister D.Tsogtbaatar as Commissioner-General and T.Duuren, CEO of Mongolian National Chamber of Commerce and Industry, as Deputy Commissioner.
B.Altantsetseg: Economy grows when consumer confidence index shows more optimistic results
Comparing household spending and purchase state to the previous year, real estate purchase is expected to be decreased while spending on traveling and buying automobiles keep on increasing, according to Consumer Confidence Index (CCI) Survey conducted by the National Research and Consulting Center Co .,Ltd.
Wheat and potato need to be fully supplied from domestic market
This year, 478 thousand hectares of areas will be cultivated for crops, including 387 thousand hectares for grains of which 368 thousand hectares for wheat, 32 thousand hectares for fodder plants, 29 thousand hectares for oil plants, 13.8 thousand hectares for potatoes, 8.9 thousand hectares for vegetables and 7.3 thousand hectares for fruits and berries.
Livestock survival at 96.8 percent
The Ministry of Food, Agriculture and Light Industry has reported that no less than 20 million offspring are expected to be delivered by the 29.7 million dams counted at the start of the year.
Yolanda Fernandez Lommen: Current ADB Country Partnership Strategy for Mongolia is the largest allocation of ADB funding since we started operations in the country