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.
World Bank’s East Asia and Pacific Economic Update introduced
Weathering Growing Risks, the October 2019 edition of the World Bank’s East Asia and Pacific Economic Update, released today, was introduced at the press conference at World Bank Mongolia Office in Ulaanbaatar.
67.7 million livestock counted nationwide to winter
Ulaanbaatar /MONTSAME/. A nationwide livestock census performed last August found that there were around 84.2 million livestock animals nationwide, including 541.5 thousand camels, 4.5 million horses, 5.4 million cattle, 39.6 million sheep and 34.5 million goats. The census concluded by gathering data from each local administrative unit showed that some 67.7 million livestock will spend the winter and 16.5 million livestock will be used for meat preparation.
Expo Mongolia 2019 highlights eco-friendly technologies
‘Expo Mongolia 2019’ International Multisector and Mining Trade Fair and Conference was opened on October 9 at Misheel expo center under motto ‘Green Technology and Investment. ’
Science and technological park of livestock industry to be established
Ulaanbaatar /MONTSAME/. At its meeting held on October 9, the Cabinet resolved to establish a national scientific, industrial and technological park of livestock husbandry and to formulate technical and economic feasibility study through public private partnership. The establishment of the park is designed for supporting herders and cooperatives in the livestock industry, increasing their incomes and provide them with jobs.
Foreign trade surplus reaches USD 1 billion 347.2 million
As for the first nine months, Mongolian foreign trade had surplus of USD 1 billion 347.2 million according to Mongolian Customs General Administration (MCGA).
Young entrepreneurs to convene
Young Entrepreneurs Council at the Mongolian National Chamber of Commerce and Industry (MNCCI) is to hold ‘Youth Engagement in the Economy 2019’ national conference on October 10.
Shizuoka Business Forum to be held annually in Mongolia
A delegation from Shizuoka prefecture of Japan is visiting Mongolia.
Assistant US Trade Representative hosts GSP outreach seminar in Mongolia
Ulaanbaatar /MONTSAME/. The Assistant United States Trade Representative Edward Gresser hosted a seminar in Mongolia on how to increase exports to the United States on October 4.
Work in Shizuoka Career Forum 2019 takes place
‘Work in Shizuoka Career Forum 2019’ is being organized on October 7-8 in Ulaanbaatar city with participation of delegates of over 20 companies and entities from Shizuoka prefecture of Japan.
E-export project starts to export products at online platforms
Aimed at exporting Mongolian products to China and Southeast Asian countries at online trading platforms, ‘Cross-border online trade E-export’ project started from October 4.
Parliament discusses 2018 state budget performances
Ulaanbaatar /MONTSAME/. At its plenary session on October 4, Parliament approved equilibrated revenue of 2018 state budget performance at MNT 6.8 trillion and equilibrated expenditure at MNT 7.1 trillion.