Economy
Press statement by Mongolia's Tax Authority regarding tax audit of Oyu Tolgoi LLC
On 23 December 2020, Tax Audit and Methodology Department of the General Taxation Authority of Mongolia issued a press statement regarding the tax audit of Oyu Tolgoi LLC. The statement reads:
1643 days
Trade Information Portal to boost trade in Mongolia amid pandemic
Mongolia's trade environment and procedures are set to become more predictable and transparent with the launch of the Mongolia Trade Information Portal (MTIP). 
1643 days
BoM purchases 22 tons of precious metal
As of December 23, the Bank of Mongolia purchased 22 tons of precious metal, showing an increase of 6.8 tons compared with the same period of previous year.
1643 days
Development for Darkhan leather, hide complex 23 percent complete
On December 24, the cabinet convened a weekly meeting and approved a company charter for “Darkhan leather and hide complex development” state-run limited liability company. 
1643 days
Asia-Pacific entrepreneurship development movements expand to Mongolia’s youth
Youth entrepreneurship development is critical to address Mongolia’s development challenges and acceleration towards Sustainable Development Goals considering one-third of Mongolia’s population is youth aged between 15-34. 
1644 days
EU-funded SECIM project creates 2,000 jobs in dairy, meat and vegetable value chains
On 18 December 2020, the final Steering Committee meeting of the European Union funded project “Support Employment Creation in Mongolia” (SECIM) took stock of its achievements: SECIM devised a country and a product specific approach for the development of value chain. 
1644 days
Online exhibition held with Xinjiang Uyghur Autonomous Region
A virtual exhibition themed “Trade and Economic Cooperation between Mongolia and Xinjiang Uyghur Autonomous Region of China” was organized on December 18 by the Ministry of Foreign Affairs, Mongolian National Chamber of Commerce and Industry and Trade Office of Xinjiang Uyghur Autonomous Region of China.
1645 days
“Executive summit 2020” virtual training-discussion running
In the frameworks of “1000 CEO, 1000 Powerful Companies’ program dedicated to chief executive officers, middle-level managers and start-ups, “Executive summit-2020” virtual training-discussion is being held on December 21-22.
1645 days
Virtual meeting held with Chinese side on exports and imports transportation
A working group led by State Secretary of the Ministry of Foreign Affairs N.Ankhbayar worked at Zamyn-Uud border checkpoint from December 16, getting acquainted with current condition of exports and imports transportation being made between Mongolia and China and holding meetings with officials and delegates of relevant private entities and associations of Zamyn-Uud soum and Dornogobi aimag on making operation of the border crossing port normal.
1646 days
Agricultural value chain to be improved
The joint management committee of the Project for Formulation of Master Plan on Agricultural Value Chain co-implemented by the Ministry of Food, Agriculture and Light Industry and the Japan International Cooperation Agency (JICA) had a meeting on December 17. 
1649 days
Brand Council founded in Uvs aimag
Authorities of Uvs aimag founded and started operation of Brand Council, being headed by Governor of the aimag.
1650 days
Gross industrial output decreased by 10.1 percent from last year
According to the preliminary results, the gross industrial output reached MNT 14.8 trillion in the first 11 months of 2020, decreased by MNT 1.7 trillion (10.1%) from the same period of the previous year.
1651 days
‘Export Mongolia 2020’ int’l virtual forum & exhibition kicks off
“Export Mongolia 2020”, an international virtual forum and exhibition kicks off today, December 15.
1652 days
Exports decreased by 2.8 percent compared to the previous year
In the first 11 months of 2020, Mongolia traded with 146 countries from all over the world and the total trade turnover reached USD 11.7 billion, of which USD 6.9 billion were exports and USD 4.9 billion were imports. 
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Tax revenue reaches MNT 7.5 trillion in the first 11 months of 2020
According to the preliminary results in the first 11 months of 2020, the total revenue of the general government budget was MNT 9.1 trillion. The equilibrated revenue of the general government budget was MNT 8.3 trillion and 91.0% of the total revenue of general government budget.
1652 days
$9 Billion ADB Facility to Help Members Access and Distribute COVID-19 Vaccines
The Asian Development Bank (ADB) has launched a $9 billion vaccine initiative—the Asia Pacific Vaccine Access Facility (APVAX)—offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus disease (COVID-19) vaccines.
1653 days
Infrastructure for Connectivity and Economic Diversification in Mongolia
Mongolia needs more selective infrastructure investments that target key value chains in order to drive growth, lower costs, and boost the competitiveness of the country’s economy, according to a new World Bank report released today.
1653 days
Number of securities traded at stock market dropped by 90.7 percent in November
In the first 11 months of 2020, securities worth of MNT 39.6 billion were traded at the national stock market, which is decreased by MNT 117.1 billion (74.7%) compared to the same period of the previous year.
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Time deposits in foreign currency rise by 40.6 percent from last year
The national currency in circulation reached MNT 947.7 billion at the end of November 2020, decreased by MNT 12.1 billion (1.3%) from the previous month, but increased by MNT 87.5 billion (10.2%) from the same period of the previous year.
1653 days
Commemorative silver coin “Karakorum- 800-year” issued
The Bank of Mongolia (BoM) has issued 2 oz. 999 sterling silver coin “Karakorum-800 year”, on the occasion of the establishment of Karakorum city, the capital of Great Mongol Empire.
1658 days
Mongolia and the Republic of Uzbekistan Elevate the Reletions to Comprehensive Partnership 45 minutes
President of Mongolia and President of the Republic of Uzbekistan Held Official Talks 2 hours
President of Mongolia Welcomes President of the Republic of Uzbekistan 5 hours
President of Uzbekistan Shavkat Mirziyoyev Arrives in Mongolia for a State Visit 5 hours
Mongolia-British Parliamentary Group Welcomes Members of Parliament of the United Kingdom 6 hours
Ulaanbaatar Launches Integrated Tele-Monitoring Center 7 hours
Promissory Notes in the Cashmere Sector: A New Financial Instrument for the Agricultural Industry 7 hours
Uzbekistan - Mongolia: A New Stage of Multifaceted Cooperation 10 hours
Mongolia and Uzbekistan to Develop Cooperation in Tourism 10 hours
Mongolian Team “Alpha Gaming” Wins the PUBG Mobile Super League – Central & South Asia Spring 2025 1 day
Health Minister Meets ADB Country Director to Discuss Projects and Programs in Health Sector 1 day
The First National Shearing and Woolhandling Championships Hosted with Over 100 Participants 1 day
“MongolZ” Makes History: The First Asian Team to Win 2nd Place in World Counter-Strike Championship 1 day
2025 FIBA 3x3 World Cup to Be Held on Sukhbaatar Square 1 day
This Week in Mongolia 1 day
President of the Republic of Uzbekistan to Pay a State Visit to Mongolia 1 day
Parliamentary Resolution for Establishing Green Financing System Approved 4 days
Meeting Held with Representatives from OSCE Office for Democratic Institutions and Human Rights 4 days
His Majesty Emperor Naruhito and Her Majesty Queen Masako to Pay State Visit to Mongolia 5 days
Funds Raised from Bond to Be Allocated for Milk and Dairy Production 5 days
Smart Greenhouse Complex to Be Established in Ulaanbaatar 5 days
Thermal Power Stations Instructed to Work under Special Regime 5 days
Government Discusses Amendments to State Budget at Its First Session 5 days
Mongolian Writers to Take Part in Beijing International Book Fair 6 days
Mongolian Darts Player Tergel Khurelkhuu Tops the World Rankings 6 days
Prime Minister of Mongolia Appoints Ministers 6 days
Prime Minister Presents Nominees for Members of the Government to President of Mongolia 7 days
Gankhaich Wins Bronze Medal at World Judo Championships 7 days
State Great Khural Members Meet IMF Staff Team 7 days
Mongolian Boxers Win 16 Medals at the World Boxing Cup European Series 2025 8 days
Mongolia Promotes Its Culture at the Festival of Embassies in Prague 8 days
Mongolia to Cooperate with the United Kingdom in the Field of Mineral Resources 8 days
Open-Air Museum to Be Established on the Ruins of Old City of Kharakhorum 8 days
GMIT Celebrates Graduation of Eighth Cohort 8 days
“Mongol-B” Team Wins Gold Medal at the World Rapid and Blitz Team Championships 8 days
General Department of Taxation Awarded Silver Gender Equality Seal 8 days
Young People with Disabilities Launch Advocacy Campaign 9 days
This Week in Mongolia 9 days
Reconstruction of Kharkhorin City Begins 9 days
Early Detection for Autism Spectrum Disorders to Be Improved 11 days
Mongolian and International MMA Fighters to Participate in the “Khangarid Cup” 11 days
Uilstuguldur Altankhuyag Appointed Chief of Staff of the Office of the President of Mongolia 11 days
Mongolia-People’s Republic of China Joint Border Commission Agrees on Infrastructure and Security Priorities 11 days
“Chopiniana” and “Paquita” Ballets to be Staged at the Mongolian State Academic Theatre of Opera and Ballet 11 days
372 Athletes Will Receive Ranking Points for the Los Angeles 2028 Olympic Games 11 days
“Morin Khuur” Play Named Best at Baikal Mascot International Theater Festival 11 days
34th Prime Minister Zandanshatar Gombojav Receives Government Seal of Mongolia 12 days
People's Artist E. Amartuvshin Named One of the World's Top Five Opera Singers 12 days
Gold, Mined by Artisanal and Small-Scale Miners of Mongolia to Be Supplied to International Jewelry Companies 12 days
Zandanshatar Gombojav Appointed as Prime Minister of Mongolia 12 days
Student Police to Provide Assistance and Information for Tourists in Ulaanbaatar 12 days
Center of Excellence for English Language Teaching Opens in Ulaanbaatar 12 days
FIDE World Rapid and Blitz Team Chess Championships 2025 Underway 12 days
Standing Committee on State Structure Approves Proposal to Appoint Zandanshatar Gombojav as Prime Minister 12 days
President of Mongolia Submits Proposal to Nominate Zandanshatar Gombojav as Prime Minister of Mongolia to Parliament 12 days
Construction Work on 41 Hectares of Selbe Sub-Center Project Open for the Private Sector 12 days
Asia Folk 2025 Festival to Be Held for the Seventh Year in Ulaanbaatar 12 days
Lawyer Robert Painter: “It’s a Joy to See the T-Bataar Back Home and Smiling Happier Than Ever” 12 days
“Khasyn Khuleguud” Team Advances to the Semifinals of the Basketball Champions League Asia 2025 12 days
Asia Reference Center for Election Observation to Be Established in Mongolia 12 days
Mongolia Participates in the 113th Session of the International Labor Conference in Geneva 12 days
Draft Law on Amendments to the Law on the State Great Khural Submitted 12 days
Playtime Festival to Welcome 100,000 Attendees 13 days
Mongolian Boxers Claim Twelve Medals at World Boxing Cup European Series 2025 13 days
Mongolia Celebrates Buddha Day Nationwide 13 days
Mongolian Basketball Team “Xac Broncos” Advances to Basketball Champions Asia Quarterfinals 14 days
Mongolian Judokas to Compete in the 2025 World Judo Championships Depart for Budapest 14 days
“Danshig Naadam - Khuree Tsam 2025” to Be Held on June 27-29 14 days
Ministry of Environment and Climate Change of Mongolia and the Global Land Initiative to Cooperate in Combating Desertification and Land Degradation 14 days
Silver Gerege Discovered on the Territory of Mongolia for the First Time 14 days
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