Golomt Bank secures a medium term funding from Enabling Qapital
On September 2, Golomt Bank signed a 3 year loan agreement for USD 5 million with Enabling Qapital AG as part of our bank's commitment to support our clients and deliver diversified funding sources to harbor growth.
Exports decreased by 16.9 percent compared to previous year
In the first eight months of 2020, Mongolia traded with 139 countries from all over the world, and the total trade turnover reached USD 7.9 billion, of which USD 4.5 billion were exports and USD 3.5 billion were imports.
Startup business to be developed based on sub-centers
A discussion themed “Opportunities, solutions and cooperation in development of start-up ecosystem” was held on September 9 at Bayankhoshuu Business Incubator, Training and Production Center.
Speaker G.Zandanshatar meets Head of Swiss Cooperation Office in Mongolia
Speaker of the Parliament G.Zandanshatar met yesterday with Head of Cooperation, Swiss Cooperation and Consular Agency in Mongolia Ph.D. Stefanie Burri.
Foreign Minister meets WB Country Manager
Minister of Foreign Affairs N.Enkhtaiven received yesterday World Bank Country Manager for Mongolia Andrei Mikhnev.
Government coordination needed to reduce large amount of raw material waste
A discussion themed “Current state and development of leather and cashmere processing industry” for a project to establish Light Industrial Production and Technology Park of Emeelt on 160 hectares of Shar Huviin Khooloi, which locates at the 13th khoroo of Khan-Uul district took on September 8 at the Mongolian National Chamber of Commerce and Industry.
Mongolian Bankers Association gives latest banking sector review
On September 8, Mongolian Bankers Association (MBA) organized a press briefing to give an update on the current state of the country’s banking industry and macroeconomic situation amid the ongoing COVID-19 pandemic.
Irrigated crop land to be expanded by 12 percent
The inception workshop for the USD 46.2 million project ‘Vegetable Production and Irrigated Agriculture’ to be implemented by the government of Mongolia in collaboration with the Asian Development Bank and the Japan Fund for Poverty Reduction took place.
Coal export increases
Statistics released by the Mongolian Customs General Administration shows that Mongolia’s coal export increased significantly in the last month.
Project for metallurgical complex to be supported
The development of heavy industry and production of value-added products are prioritized in the Government's Action Plan for 2020-2024. In this context, Minister of Mining and Heavy Industry G. Yondon got acquainted with the production and sales of mining outputs and operations at Tumurtolgoi and Tumurtei mines of ‘Darkhan Metallurgical Plant’ JSC.
World Bank to grant financing of USD 21 million to Mongolia
Today, September 7, Minister of Finance Ch.Khurelbaatar and World Bank Country Manager for Mongolia Andrei Mikhnev signed two agreements on financing of USD 21 million.
"Coal export to run in combined forms of railroad and auto road further"
During his working visit to Gashuunsukhait border checkpoint on September 4, Prime Minister U.Khurelsukh met with representatives of coal truck drivers. Coal transport in route Tavantolgoi-Gashuunsukhait is running normal.
Mongolia-Singapore business meeting to be held virtually
The Mongolian National Chamber of Commerce and Industry and the Ministry of Foreign Affairs will co-organize Mongolia-Singapore business meeting virtually on September 10 using Zoom platform.
Oyu Tolgoi mine starts sourcing power domestically
Mongolia starts supplying power to Oyu Tolgoi copper-gold mine. Specifically, ‘Southern regional electricity distribution network’ state-owned company and Oyu Tolgoi LLC today has established a power supply agreement.
Wheat harvest to fully meet domestic needs
As reported at the State Harvest Commission’s meeting on September 3, this year’s wheat harvest will be sufficient to fully cover domestic wheat demand as 487.6 thousand tons of wheat is estimated to be harvested while around 300 thousand tons of wheat is required to produce flour that meets the annual domestic need.
Phase II of JICA project on veterinary sector to be implemented
On September 2, Minister of Food, Agriculture and Light Industry Z.Mendsaikhan received delegates led by Ambassador Extraordinary and Plenipotentiary of Japan to Mongolia Kobayashi Hiroyuki.
Agriculture ministry officials participate in FAO Regional Conference
On September 1, the 35th Session of the FAO Regional Conference for Asia and Pacific kicked off. The executive members and specialists of the corresponding departments at the Ministry of Food, Agriculture, and Light Industry are participating in the session.
Central bank updates financial statistics
Last week, the Bank of Mongolia provided update on the financial indicators of Mongolia and introduced the latest or 14th financial stability report released by the central bank jointly with other regulatory agencies.
Export Credit Guarantee Agency needed to support Mongolian export growth
EuroChamber has successfully concluded a four-month study on Export Financing for Mongolian companies and SMEs, handing it over to Deputy Prime Minister Mr. Ya. Sodbaatar on Tuesday, Aug.25 during a public-private-dialogue event at the Mongolian National Chamber of Commerce and Industry (MNCCI).
G.Tumurchuluun: I found out from my students that my book was being sold at Cuban bookstores