World Bank expresses commitment to support in conducting analysis on trade policy reform
The Vice Minister provided information on current economic situation and development policy of Mongolia, including the implementation of the New Recovery policy, as well as the actions in terms of integrating development planning and budget planning.
EPC-1 project of Oil Refinery progressing at 63 percent
‘JMC Projects’ LLC of India as a general contractor of the project and engineers and technical experts of 21 subcontracting companies of Mongolia or a total of 641 people with 250 pieces of equipment are working according to a plan to hand over the project on November 29, 2022.
S&P Global Ratings affirms Mongolia at 'B', outlook stable
S&P Global Ratings affirmed the 'B' Foreign Currency LT credit rating of Mongolia on July 21, 2022. The outlook is stable.
Bank of Mongolia signs MoU with Hungarian central bank
In frames of the visit, authorities of the Bank of Mongolia and Magyar Nemzeti Bank of Hungary signed the Memorandum of Understanding on cooperation.
BoM purchases 6 tons of precious metal
In June, the gold purchase of the Bank of Mongolia (BoM) was 1,962.6 kg, raising the BoM’s total precious metal purchase of 2022 to 7.9 tons. The figure shows a decrease of 16 percent as compared with the same period of the previous year.
Mongolia now has a roadmap for the sustainable development of the cashmere sector
By the initiative of the European Union funded “Sustainable Textile Production and Ecolabelling project (STePEcoLab)”, the “Roadmap for the Sustainable Development of the Mongolian Cashmere Sector - 2030” has been developed in collaboration with relevant ministries, agencies, professional associations and experts.
‘Mongolian Steel Complex-I’ project to satisfy 50 percent of domestic needs of steel
A discussion themed, ‘New Revival Policy-Mongolian Steel’ was held today to discuss and determine the solutions to the problems encountered in the realization of the ‘Mongolian Steel Complex-I’ project.
‘Green Guarantee’ for the Engineering, Procurement and Construction contract issued for Moron solar PV in Mongolia
In accordance with the terms of the contract, Golomt Bank, in cooperation with the Industrial and Commercial Bank of China, issued Green guarantee on behalf of the General Contractor.
Shares of state-owned enterprises to be offered to public through stock exchange
On June 29, the Cabinet made a decision to offer the shares of 25 state-owned enterprises to the public through the stock exchange in 2022-2023, approving the list of the enterprises.
Four major discoveries made in Mongolian veterinary sector in the last 30 years
In the past, Mongolian veterinary scientists and researchers have made four major discoveries in the world science and developed 64 vaccines and diagnostic kits and 72 veterinary medicines.
Mongolia-Slovenia trade turnover reaches USD 21.5 million
Director of Foreign Trade and Cooperation Department of the Mongolian National Chamber of Commerce and Industry (MNCCI) Ts.Gerelsaikhan met with Deputy Chief of Mission at the Slovenian Embassy in Beijing Tadeja Forštner Perklič.
Ringing bell ceremony organized for primary market trading
Additional shares offered by ‘Invescore NBFI’ JSC will be accepted through the IPO system of the Mongolian Stock Exchange from June 27 to July 1, 2022.
AmCham Mongolia Doorknock 2022 concludes successfully in Ulaanbaatar
The meetings addressed vital issues facing the private sector, such as restoring and increasing investor confidence, improving the business environment, boosting the economy, eradicating bureaucracy, and legislative changes that need urgent attention to facilitate reforms
Over 90 projects to be presented to Turkish investors
At these meetings and forums, the Mongolian side will present to Turkish investors 94 projects of infrastructure and energy, which will be implemented on the basis of a public-private and investors’ partnership within the framework of ‘New Revival Policy’ of the Government of Mongolia.
Mongolia, Vietnam aim to increase trade turnover to USD 100 million
Last year, Mongolia exported sheep, goat meat and animal by-products worth USD 485 thousand to Vietnam, while Vietnam exported rice, soybean oil, canned nuts, dried fruits and plastic packaging worth about USD 80 million to Mongolia.
Central Bank raises its policy rate
The Bank of Mongolia will take subsequent necessary actions in a timely manner in accordance with economic recovery, inflation developments, supply-related constraints as well as the state of international relations.
Singapore-Mongolia business matching webinar held
This year, nearly 140 participants from Singapore and Mongolia attended the large-scale business webinar as a result of the annual webinars since 2020.
Mining Minister meets delegates of Russian company ‘Azot'
Minister of Mining and Heavy Industry G.Yondon received authorities of the Russian ‘Azot’ company, a supplier of nitrogen fertilizers.
Mongolia looks to finance national and global sustainable development goals through integrated SDG Financing
The workshop is being organized at a crucial time for Mongolia as the increased budget deficit and foreign debt burdens in addition to the Covid-19 pandemic and global geopolitical crises are pressuring Mongolia’s fiscal space for financing its development priorities as well as the Sustainable Development Goals (SDGs.)
“Mongolia is on the same level as developed countries for its development of IT and communications sector”
“InvesCore’s achievements will serve as a stepping stone for many more Mongolian companies to enter the foreign market”
B.Turmunkh: I illustrated 60 pieces for the updated version of ‘The Secret History of Mongols’