13 projects to be implemented in Mongolian energy sector
In the proposed State budget for 2023, Mongolia would further up its efforts to expand the energy sector. 13 projects will be implemented within this framework, and 6 new projects are being discussed.
Exchange rate in statistics
As announced by the Central Bank of Mongolia, the monthly average exchange rate of MNT against the US dollar was MNT 3257.10 in September of this year. Thus, the USD exchange rate lowered against MNT by 71.38 within a month and decreased by 408.16 from the same period last year.
Coal exports increased by 61.5 percent
Within a week, the mining industry exported 1,047.1 thousand tons of coal through 8,228 vehicles and 1,250 containers, which is 1.6 times more than the same period of the previous year.
National Conference on “Food supply and security – Livestock farming”
The national conference on “Food supply and security - Livestock farming” was organized today under the auspices of the President of Mongolia at the State Palace.
Discussion takes place on economic dependence of Mongolia on minerals
An international conference on “Economic Dependence of Mongolia on Minerals: Challenges and Suggestions” is taking place at Tuushin Hotel.
Central bank forecasts economic growth to be 4-5 percent in 2023
Mongolia's economy is affected by unfavorable external conditions, but economic growth is expected to reach 3 percent at the end of this year and 4-5 percent next year, highlighted the Governor of the Bank of Mongolia, B. Lkhagvasuren, in his speech during the discussion of the main direction of the government's monetary policy in 2023.
Minerals sector’s contribution to budget reaches MNT 12,545.1 billion
As of the first nine months of this year, Mongolia's general budget revenue has reached MNT 12,545.1 billion, increased by MNT 1,410.3 billion or 12.7 percent compared to the same period of the previous year.
Mining Minister meets UK Prime Minister’s Trade Envoy
Minister of Mining and Heavy Industry J.Ganbaatar today received UK Prime Minister’s Trade Envoy Daniel Kawczynski and UK Ambassador to Mongolia Philip Malone.
"GIMAR-2022" scientific conference being organized at NUM
The “GIMAR-2022” scientific conference under the theme “Problems of Mongolian and regional geology” is being held at the National University of Mongolia to commemorate the 83rd anniversary of the establishment of the National Geological Service in Mongolia. The scientists and experts from our country’s geology, mining and mineral resources are participating in the discussion on the theme.
Mongolia and Turkey to cooperate in development of free economic zone
Within the framework of the Mongolia-Turkey Business Forum, a business meeting has been held in Istanbul, Turkey.
Government plans to save MNT 1 trillion in 2023 through Austerity Law
The Secretariat of the State Great Khural of Mongolia today organized the “Budget-2023” public discussion at the State House.
Maneuvering station to be built within natural gas pipeline project
Within the framework of the construction project on the natural gas pipeline connecting Russia and China through the territory of Mongolia, basic procedural adjustments to energy will be made in Mongolia.
BUDGET 2023: Funding for prescription discount increased by MNT 22.7 billion
The budget revenue of the Health Insurance Fund for 2023 is estimated to be 1,481.4 billion MNT.
Deputy Foreign Minister visits “Certhon” company of the Netherlands
Deputy Minister of Foreign Affairs of Mongolia B.Munkhjin visited “Certhon” LLC, a leading company in the greenhouse industry in the Netherlands on October 10, 2022.
BUDGET 2023: Government will finance MNT 6,317.8 billion in expenditures
In the 2023 State Budget year, the Government will finance MNT 6,317.8 billion in spending through distinctive funds.
45 companies from 7 countries participating in ‘Expo Mongolia -2022’
‘Expo Mongolia-2022’ International Trade Fair is opened today, October 12, at the Misheel expo center. This trade fair started to be organized in our country in 2012 aiming to convey new techniques and technology in mining and other multisector. The representatives of 45 companies from 7 countries of the world participated and presented their new products, techniques, and technologies of the respective countries at this exhibition that was held under the motto ‘Investment and Favorable Economic Environment.’
National Council of Border Ports: Coal exports through Gashuunsukhait port increasing
The Government of Mongolia held discussions with the appropriate management level of the Inner Mongolia Autonomous Region of the People's Republic of China to increase the number of exports, and exports are growing due to the experimental work.
FTSE Russell approves to add the stock market of Mongolia in 'Frontier market' classification
According to the FTSE RUSSELL, the stock market of Mongolia has fully met the criteria for FTSE Russell's "Frontier Market" classification and will be added in this classification from the September, 2023.