BoM purchases 6 tons of precious metal
In May, the gold purchase of the Bank of Mongolia (BoM) was 2,152 kg, raising the BoM’s total precious metal purchase of 2022 to 6 tons.
Implementation of agreement established with ‘Petrochina Dachin Tamsag’ LLC to be assessed
On June 3, the working group in charge of assessing the production-sharing agreement established with ‘Petrochina Dachin Tamsag’ LLC and renewing the agreement based on corresponding legislation held a meeting. Deputy Prime Minister S.Amarsaikhan is serving as the head of the working group.
Spring sowing running at 74.7 percent
On May 31, Speaker of the State Great Khural G.Zandanshatar and Head of the Parliamentary Standing Committee on Environment, Food, and Agriculture Kh.Bolorchuluun became acquainted with the works being carried out at the Ministry of Food, Agriculture, and Light Industry.
EU, NGOs speak about sustainable consumption and production in the agri-food and beverage sector
The EU Delegation, NGOs, students, and concerned citizens gathered to discuss issues and solutions around the environmental impact of the agri-food and beverage sector during the launch of the Switching On the Green Economy Project.
Appropriate legal environment required for Mongolia’s transport and logistics sector
On May 30, the Logistics Forum-2022 was organized by Monlogistics group with the Ministry of Road and Transport Development, the Ministry of Economy and Development, and the Federation of Mongolian Freight Forwarders.
Discussion takes place on private sector participation in sustainable development through UN strategic partnership
Private entities in Mongolia tend to think of the United Nations’ operations as being limited to implementing social responsibility and financing UN projects.
Transloading terminal at Shiveekhuren border checkpoint to be put into operation in September
On May 27, Prime Minister L.Oyun-Erdene and corresponding ministers became acquainted with the operations of Shiveekhuren-Sekhee border checkpoint and the progress of the construction being carried out for a transloading terminal.
“5 million tons of coal are projected to be exported through container terminals each month”
Along with the members of the Cabinet, the Prime Minister is currently working in Umnugobi aimag. In the framework of the objective to revive the country’s border checkpoints as a part of the New Revival Policy, a ceremony took place for the launch of the construction of a terminal for container transportation yesterday on May 27.
Suu JSC presented with international award for sustainability
Suu JSC has led the ‘Gender & Economic Inclusion’ category for the European Bank for Reconstruction and Development (EBRD) Sustainability Award, becoming the recipient of the GOLD Award. Of a total of 79 projects from all over the world that were selected for the category, the Mongolian dairy company received the highest evaluation.
Types of freight allowed through Zamiin-Uud - Erlian border checkpoint increases
The types of goods and products being transported through the Zamiin-Uud - Erlian border checkpoint has increased, boosting the country’s exports.
Shiveekhuren-Sekhee border checkpoint resumes operations
Today on May 25, the Ministry of Foreign Affairs reported that the operations at the Shiveekhuren-Sekhee border checkpoint in the country’s southern region resumed operations.
Over 60 percent of SME owners made up by women
Under the auspices of the President of Mongolia, a consultative meeting was organized under the theme, ‘Business and Women’, on May 24.
TOP-100 enterprises of 2021 announced
On May 23, the Government of Mongolia and the Mongolian National Chamber of Commerce and Industry (MNCCI) co-organized the annual ceremony of ranking the TOP-100 enterprises in Mongolia.
Mongolia to partner with India in veterinary and dairy sectors
As the pandemic is negatively affecting countries’ food supplies, trade and economy, and cooperation, overcoming the current situation has become of utmost importance for all sectors.
2.5-2.8 million tons of freight pass through Zamiin-Uud transloading facility each year
As of today, the Zamiin-Uud transloading unit of Ulaanbaatar Railway JSC continuously runs operations by loading freight onto 902 train cars each day. At its four sites with 39 hectares of area, they have three broad-gauge railroads and two narrow-gauge railroads, with a total capacity of loading 1,200 train cars.
Fitch affirms Mongolia at ‘B’; Outlook Stable
Fitch Ratings on May 18 announced that it kept Mongolia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) unchanged or at ‘B’ with a Stable Outlook.
Mongolia required to improve investment climate in order to utilize mineral resources
According to a study carried out on making investments in the mining sector, 79 percent of the participants have answered that they are ready to invest in Mongolia due to its abundant mineral resources.
Development plan for free economic zones to be jointly developed with private sector
As of today, companies and entities are using 130.5 hectares of land out of the 500 hectares of land available at Altanbulag free trade zone. While licenses are possible to be issued for 34.6 hectares, there are 188.4 hectares of land that have been reserved.
Cabinet approves new organizational structure of ‘Erdenes Mongol’ LLC
Today on May 11, the Cabinet approved the new organizational structure of ‘Erdenes Mongol’ LLC.
“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’