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).
BoM purchases 1.7 tons of precious metal in August
In August 2020, the precious metal purchase of the Bank of Mongolia (BoM) was 1.7 tons, raising the BoM’s total precious metal purchase of 2020 to 14.8 tons, of which 13.1 tons were gold and 1.7 tons were silver.
Parliament passes amendments to 2020 State Budget
At its session held on August 28, the Parliament approved draft amendments to the law on State Budget 2020 and other accompanying laws as well as bills on 2019 budget performance, 2021 budget framework statement and budget assumption for 2022-2023.
Foreign Minister meets President of Mongolian National Chamber of Commerce and Industry
Minister of Foreign Affairs N.Enkhtaivan received President of the Mongolian National Chamber of Commerce and Industry (MNCCI) O.Amartuvshin on August 28.
Mongolia’s coal exports to China growing amid COVID-19
A total of 40 million tons of coal had been projected to export to abroad this year, however, due to the ongoing COVID-19 pandemic, Mongolia has exported only around 13 million tons of coal currently. Another statistic shows that Mongolia is experiencing a decrease of 46 percent in the coal exports in the first seven months of 2020 compared to the same period of previous year.
Total FDI in 2010-2019 reaches MNT 37.2 trillion
The National Statistics Office has recently released the latest edition of the ‘Economic Security’ survey.
Government to focus attention on sustainable investment environment of private sector
On August 25, some members of the Cabinet and Ministers headed by Deputy Prime Minister Ya.Sodbaatar and Chief of the Cabinet Secretariat of the Government L.Oyun-Erdene held a meeting with business delegation at the Mongolian National Chamber of Commerce and Industry (MNCCI).
Domestic need of wheat and potato to be fully secured
At an irregular Cabinet meeting today, August 25, Minister of Food, Agriculture and Light Industry, reported on the preliminary harvesting balance of 2020.
D.Gerelmaa: Adverse economic impact of the pandemic will last for 2-3 years
Initiated by the United Nations Resident Coordinator's Office in Mongolia, a large-scale survey on COVID-19 impacts on Socio-Economic Situation in Mongolia has been conducted in partnership with the UN, its systemic organizations and other international organizations.
G.Tumurchuluun: I found out from my students that my book was being sold at Cuban bookstores