Revenue of rail and road transport increases
In the first half of 2019, 33.2 million tons of freight and 90.9 million passengers (double counting) were carried in total by all type of transport. Compared to the same period of previous year, the carried freight decreased by 0.5 percent and the number of carried passengers decreased by 10.5 percent.
National currency in circulation reaches MNT 937.1 billion
The money supply reached MNT 20.2 trillion at the end of June 2019, showing a decrease of 0.3 percent from the previous month, while it shows an increase of MNT 16.7 percent from the same period of previous year.
Total trade turnover reached USD 6.8 billion
In the first half year of 2019, Mongolia traded with 137 countries from all over the world and total trade turnover reached USD 6.8 billion, of which USD 3.9 billion were exports and USD 2.9 billion were imports.
Business confidence index shows optimistic results
According to a survey conducted by the Mongolian National Chamber of Commerce and Industry (MNCCI), Business Confidence Index 2018 had shown optimistic results or 0.47 for the first time.
Fitch affirms Mongolia at 'B'; Outlook Stable
On July 4, Fitch Ratings has affirmed Mongolia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook.
Projects on animal identification and traceability to be implemented
The Ministry of Food, Agriculture and Light Industry and the UN Food and Agriculture Organization (FAO) will be jointly implementing projects on animal identification and registration system and improving the system on recording and traceability.
Mongolia-Poland business forum takes place
With an aim to develop economic cooperation between Mongolia and Poland, business forum took place today at Tuushin hotel.
Deputy Agriculture Minister meets Deputy Governor of Hokkaido
Deputy Minister of Food, Agriculture and Light Industry J.Saule held a meeting with authorities of Japan’s Hokkaido Prefecture headed by the prefecture’s Deputy Governor Tsuchiya Shunsuke.
Working group on ‘Mongolia-China Expo’ meets
Working group of the People’s Government of the Inner Mongolia Autonomous Region worked in Mongolia in connection with the upcoming ‘Mongolia-China Expo’ to be held on September 6-10 in Hohhot, Ulanqab and Tung lio cities of Inner Mongolia Autonomous Region, China.
Loan interest rate decreases by 2.8 percent from previous year
The Bank of Mongolia (BOM) on July 5 reported press about actions it has undertaken in the first half of 2019.
Agriculture Minister receives Romanian Ambassador
Minister of Food, Agriculture and Light Industry Ch.Ulaan received Non-resident Ambassador of Romania to Mongolia Basil Vasilica Constantinescu on July 5.
H.Amartuvshin: We are working to improve loan portfolio quality at first
On July 4, Chief Executive Officer a.i. of the Development Bank of Mongolia (DBM) H.Amartuvshin and First Deputy Chief Executive Officer Ch.Enkhbat held a briefing about the bank’s operation.
'Introducing smart technologies in agriculture' seminar takes place
Seminar themed ‘Introducing smart technologies in agriculture’ took place today at the Ministry of Foreign Affairs.
Agreement on air relations with France to be renewed
Minister of Road and Transport Development, MP B.Enkh-Amgalan received Ambassador of France to Mongolia Philippe Merlin on July 1.
Deputy Minister J.Saule receives representatives of Rural Development Association of ROK
Deputy Minister of Food, Agriculture and Light Industry J.Saule received representatives of the Rural Development Association of ROK led by Deputy Administrator Hwang Kyu-Seok on July 1.
Mongolia-Belarus Intergovernmental Commission meeting held in Ulaanbaatar
The 5th meeting of Intergovernmental Commission between Mongolia and the Republic of Belarus on trade, economic, scientific and technical cooperation was held in Ulaanbaatar on June 27-28. The meeting was chaired by the Minister of Food, Agriculture and Light Industry Ch.Ulaan and Minister of Industry of Belarus Pavel Utyupin.
Trade and Investment Cooperation Forum organized with Inner Mongolia
The Ministry of Foreign Affairs in collaboration with the People's Government of Inner Mongolia Autonomous Region of China organized the 2019 Trade and Investment Cooperation Forum between Mongolia and Inner Mongolia in Ulaanbaatar on June 27.
Ulaanbaatar Economic Forum 2019 taking place
Ulaanbaatar Economic Forum 2019 is taking place today at Blue Sky hotel.
Indian Ambassador visits Mongolian Stock Exchange
Today, on June 28, His Excellency Mr. M.P Singh has visited the Mongolian Stock Exchange and rung the bell to open the 6004th securities trade.
The Brazil-Mongolia Chamber of Commerce launched
The Brazil-Mongolia Chamber of Commerce (BMCC) was officially registered on June 27 to start operating in the country. With a team of six members plus advisors, the BMCC’s mission is to promote trade and investment activities between Brazil and Mongolia, and to assist on the development of closer ties connecting the two nations’ business communities.
Yolanda Fernandez Lommen: Current ADB Country Partnership Strategy for Mongolia is the largest allocation of ADB funding since we started operations in the country