Economy
BoM purchases 2.1 tons of precious metal in October
In October 2020, the Bank of Mongolia purchased 2.1 tons of precious metal, raising the BoM’s total precious metal purchase of 2020 to 19.2 tons, of which 17.5 tons were gold and 1.7 tons were silver. It means the amount of precious metal purchase increased by 6.3 tons compared with the same period of previous year.
1695 days
Mongolia marks World Savings Day
he Bank of Mongolia, the Deposit Insurance Corporation of Mongolia, the Mongolian Bankers Association, the German Savings Banks Finance Group (Sparkassen Finanzgruppe), and commercial banks jointly marked World Savings Day on October 31 in Ulaanbaatar under the motto ‘Easy to save up’.
1695 days
'Discover Mongolia-2020' mining investors’ forum takes place
The 18th ‘Discover Mongolia’ international mining investors’ forum took place on October 30 at Shangri-La Hotel in Ulaanbaatar. 
1696 days
6 percent mortgage loan disbursed to 520 borrowers in October
The decision to lower mortgage loan interest rate from 8 percent down to 6 was made on October 1, 2020 by the ordinance of the Governor of the Bank of Mongolia, which allowed to start disbursing mortgage loans to borrowers, who issued their requests after October 1.
1696 days
Views exchanged on exporting Mongolian SMEs products to Hong Kong
Consulate General in Hong Kong G.Jargalsaikhan has met with Deputy Chief of Hong Kong Trade Development Council (HKTDC) Patrick Lau.
1699 days
“Rosgeology” JSC expresses willingness to cooperate in geological prospecting
CEO of “Erdenes Mongol” LLC D.Khayankhyarvaa held a virtual meeting with Deputy Director General, Director of Unit for International Activities of “Rosgeology” Company of Russia Peter S.Zolotarev.
1699 days
Traceability system to promote advantages of Mongolian livestock products in the international market
As one of the few remaining countries with a robust, nomadic pastoral culture supported by extensive natural rangelands, Mongolia is well positioned to offer sustainable, rangeland-based goods and services to its citizens and to global consumers who place a premium on sustainable products. 
1700 days
Revenue from gold export increased by USD 800 million compared to previous year
Revenue from gold export increased by USD 800 million compared to the same period of previous year, the Bank of Mongolia reports.
1700 days
Ambassador L.Purevsuren meets ITC Executive Director
Permanent Representative of Mongolia to the United Nations and other international organizations in Geneva, Ambassador L.Purevsuren met with Executive Director of the International Trade Centre (ITC) Pamela Coke-Hamilton in Geneva on October 26. 
1700 days
Central bank updates financial statistics for September 2020
The Bank of Mongolia, today, October 28, organized a monthly press briefing to provide latest update on the financial and banking industry of Mongolia. 
1701 days
Erdenet Mining Corporation reports net profit at MNT 353 billion in 2020
At today’s cabinet meeting, Minister and Chief of Cabinet Secretariat L.Oyun-Erdene presented about the performance of Erdenet Mining Corporation’s and Mongolrostsvetmet LLC during the period of an emergency regime set the state-owned enterprises.  
1701 days
Products worth EUR 50,000 carried to Frankfurt by charter flight
The European Union (EU) Trade Day is running its second day under the theme “Increasing export capacity of Mongolia to the European market.”
1702 days
Secondary Market Trading of National Privatization Fund launched
The secondary market trading of units of National Privatization Fund (NPF), Mongolia’s first closed-end investment fund, started on October 23, 2020 upon the completion of the registry and exchange of relevant information by the ‘Mongolian Central Securities Depository’ LLC and the right to redeem extra payment is now effective through securities companies.
1703 days
Mongolia makes trade of USD 26 million with EU countries
he European Union (EU) Trade Day is being organized between October 26 and 27 under the theme of “Increasing export capacity of Mongolia to the European market”.
1703 days
Cooperation projects discussed with WB Vice President
Minister of Finance Ch.Khurelbaatar on October 22 had a virtual meeting with World Bank’s Vice President for East Asia and Pacific Victoria Kwakwa, Global Director for Finance, Competitiveness and Innovation Alfonso Garcia Mora, Country Director for Mongolia Martin Raiser, and Country Manager for Mongolia Andrei Mikhnev.
1703 days
Views exchanged on exporting Mongolian brands to European market
On October 23, Minister of Food, Agriculture and Light Industry Z.Mendsaikhan received the delegation of EU headed by Ambassador Extraordinary and Plenipotentiary of EU to Mongolia Mr. Traian Laurentiu Hristea.
1703 days
Ambassadors take part in BCM Monthly Meeting
October Monthly Meeting of the Business Council of Mongolia was held yesterday with participation of Ambassadors of Canada, Germany, Italy, the United States, India and the European Union.
1706 days
U.Sarangoo: Mongolian cashmere products have begun to provide for luxury demands of global brands
The global cashmere market began to have demand for products made with environmentally and economically sustainable commodities from recent years. In order to implement this in Mongolia, the Sustainable Textile Production and Eco Labelling Project – STeP EcoLab is being implemented by AVSF Mongolia with financing from the European SWITCH-Asia Programme.
1706 days
Pine Nut Cluster established
Pine Nut Cluster has been established under the initiative of the CEO of the Mongolian National Chamber of Commerce and Industry (MNCCI) Mr. Duuren T with an aim of unifying the chaotic pine nut exports, reducing the influence of resellers, creating a value chain and producing the final product to export directly to the International markets.
1707 days
Third EU Trade Day in Mongolia: Increasing the export potential of Mongolia to the European Union market
Ulaanbaatar, 26-27 October: The European Union is organizing the third EU Trade Day Conference in Mongolia. The event will bring together more than 250 participants from the public and private sectors from Mongolia and abroad. On this occasion the EU-financed Trade Related Assistance to Mongolia (TRAM) and its partners will present their achievements in developing sustainable trade policy measures, the project’s impact on the diversification and increase the export of value-added products to the market of the European Union. 
1707 days
Mongolia and the Republic of Uzbekistan Elevate the Reletions to Comprehensive Partnership 8 hours
President of Mongolia and President of the Republic of Uzbekistan Held Official Talks 9 hours
President of Mongolia Welcomes President of the Republic of Uzbekistan 12 hours
President of Uzbekistan Shavkat Mirziyoyev Arrives in Mongolia for a State Visit 12 hours
Mongolia-British Parliamentary Group Welcomes Members of Parliament of the United Kingdom 13 hours
Ulaanbaatar Launches Integrated Tele-Monitoring Center 14 hours
Promissory Notes in the Cashmere Sector: A New Financial Instrument for the Agricultural Industry 14 hours
Uzbekistan - Mongolia: A New Stage of Multifaceted Cooperation 17 hours
Mongolia and Uzbekistan to Develop Cooperation in Tourism 17 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 5 days
Meeting Held with Representatives from OSCE Office for Democratic Institutions and Human Rights 5 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 6 days
Smart Greenhouse Complex to Be Established in Ulaanbaatar 6 days
Thermal Power Stations Instructed to Work under Special Regime 6 days
Government Discusses Amendments to State Budget at Its First Session 6 days
Mongolian Writers to Take Part in Beijing International Book Fair 7 days
Mongolian Darts Player Tergel Khurelkhuu Tops the World Rankings 7 days
Prime Minister of Mongolia Appoints Ministers 7 days
Prime Minister Presents Nominees for Members of the Government to President of Mongolia 7 days
Gankhaich Wins Bronze Medal at World Judo Championships 8 days
State Great Khural Members Meet IMF Staff Team 8 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 9 days
Open-Air Museum to Be Established on the Ruins of Old City of Kharakhorum 9 days
GMIT Celebrates Graduation of Eighth Cohort 9 days
“Mongol-B” Team Wins Gold Medal at the World Rapid and Blitz Team Championships 9 days
General Department of Taxation Awarded Silver Gender Equality Seal 9 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 12 days
Mongolian and International MMA Fighters to Participate in the “Khangarid Cup” 12 days
Uilstuguldur Altankhuyag Appointed Chief of Staff of the Office of the President of Mongolia 12 days
Mongolia-People’s Republic of China Joint Border Commission Agrees on Infrastructure and Security Priorities 12 days
“Chopiniana” and “Paquita” Ballets to be Staged at the Mongolian State Academic Theatre of Opera and Ballet 12 days
372 Athletes Will Receive Ranking Points for the Los Angeles 2028 Olympic Games 12 days
“Morin Khuur” Play Named Best at Baikal Mascot International Theater Festival 12 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 13 days
Center of Excellence for English Language Teaching Opens in Ulaanbaatar 13 days
FIDE World Rapid and Blitz Team Chess Championships 2025 Underway 13 days
Standing Committee on State Structure Approves Proposal to Appoint Zandanshatar Gombojav as Prime Minister 13 days
President of Mongolia Submits Proposal to Nominate Zandanshatar Gombojav as Prime Minister of Mongolia to Parliament 13 days
Construction Work on 41 Hectares of Selbe Sub-Center Project Open for the Private Sector 13 days
Asia Folk 2025 Festival to Be Held for the Seventh Year in Ulaanbaatar 13 days
Lawyer Robert Painter: “It’s a Joy to See the T-Bataar Back Home and Smiling Happier Than Ever” 13 days
“Khasyn Khuleguud” Team Advances to the Semifinals of the Basketball Champions League Asia 2025 13 days
Asia Reference Center for Election Observation to Be Established in Mongolia 13 days
Mongolia Participates in the 113th Session of the International Labor Conference in Geneva 13 days
Draft Law on Amendments to the Law on the State Great Khural Submitted 13 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 14 days
Mongolian Basketball Team “Xac Broncos” Advances to Basketball Champions Asia Quarterfinals 15 days
Mongolian Judokas to Compete in the 2025 World Judo Championships Depart for Budapest 15 days
“Danshig Naadam - Khuree Tsam 2025” to Be Held on June 27-29 15 days
Ministry of Environment and Climate Change of Mongolia and the Global Land Initiative to Cooperate in Combating Desertification and Land Degradation 15 days
Silver Gerege Discovered on the Territory of Mongolia for the First Time 15 days
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