Export of seabuckthorn berries to be promoted
On the second day of the ‘Food supply and security – Crop farming’ forum, meetings of vegetable and fruit/berry farmers took place.
Flour export conditions agreed with 13 factories of China
‘Food supply and security – Crop farming’ national farmers’ forum is taking place.
Advanced technology metallurgical plant opens in Mongolia
Steppe Metal Powder’ Company has opened its export-oriented metallurgical facility that produces copper and copper alloy powders from copper scraps and copper cathode.
‘Food supply and security – Crop farming’ national farmers’ forum taking place
The Fourth Campaign for Reclaiming Virgin Lands is launching.
AmCham Mongolia’s Monthly Meeting encourages rapid restructuring of state-owned enterprises
On April 5, the American Chamber of Commerce in Mongolia (AmCham Mongolia) organized its April Monthly Meeting, Promoting the Private Sector-led Economic Development of Mongolia.
“It is possible to earn MNT 60 billion from transit flights”
The ‘Mongolia Economic Forum-2022’ is continuing for the second day today, with one of the discussions taking place on the revival of the tourism sector.
Mongolia’s growth to stay muted for 2022 at 2.3 percent before climbing in 2023
Mongolia’s economic growth is expected to be constrained by high inflation, persistent trade disruptions, tighter external financing conditions, and complex geopolitical risks before accelerating in 2023 as coronavirus disease (COVID-19) concerns and trade disruptions ease, says a new report by the Asian Development Bank (ADB) released today, April 6.
MIAT Mongolian Airlines launches regular direct flights to Istanbul
Starting from today on April 6, the national flag carrier, MIAT Mongolian Airlines, has begun to regularly conduct direct flights between Ulaanbaatar and Istanbul.
Russian companies holding meetings with local authorities to discuss gas pipeline project
The natural gas pipeline connecting Russia and China will go through the territory of Mongolia, passing through six aimags for a total distance of 962.9 km. As an agreement has been signed between the sides of Mongolia and Russia on conducting studies for the project, the Russian companies in charge of carrying out the works have begun to hold their first meetings with the side of Mongolia - local governing bodies.
Mongolia-India direct flight to be conducted from this summer
Mongolia-India strategic partnership and cooperation will make various advancements and achievements this year, highlighted Ambassador Extraordinary and Plenipotentiary of the Republic of India to Mongolia M.P.Singh. During the business meeting organized on expanding Mongolia-India cooperation in trade, technology, and tourism, the Ambassador also noted that construction projects are being implemented on an oil refinery as well as an education and outsourcing center on IT and cyber security, with soft loan from the Government of India.
Consultative meeting takes place on vocational education and labor market
There has begun to be an imbalance in the labor market of Mongolia. Due to the incapacity to meet market demands, certain sectors have already had a shortage in workforce.
Deputy PM holds meeting with executives of Engineers India Limited
On March 31, Deputy Prime Minister S.Amarsaikhan received the executives of Engineers India Limited, the consultation company in charge of providing services for the management of the oil refinery construction project.
Mongolia’s import from India reaches USD 30 million
Mongolia-India cooperation meeting themed ‘Expanding 3T Horizons for India and Mongolia – Trade-Technology-Tourism’ was held at the Mongolian National Chamber of Commerce and Industry (MNCCI) on March 25, 2022
Central bank raises its policy rate
The Monetary Policy Committee (MPC) of the Bank of Mongolia held scheduled meetings on March 23 and 24, 2022. Taking into consideration the current state of the economy and financial markets as well as the outlook for the domestic and foreign economic environment, the MPC decided to increase the policy rate by 2.5 percentage points to 9.0 percent.
JMC Projects India representatives visit Mongolia Refinery State Owned LLC
Representatives of JMC Projects India led by the company’s CEO & Managing Director Shailendra Kumar Tripathi visited Mongol Refinery State Owned LLC and became acquainted with the implementation of the Oil Refinery Project.
Government to support central bank’s policy on maintaining foreign exchange reserves
The Cabinet discussed how the Russia-Ukraine crisis has been affecting Mongolia's economy at its regular meeting on March 23, reported Minister of Finance B.Javkhlan.
Air transport and sector coordination issues among the top obstacles for Mongolia’s tourism sector
With a unique value proposition to tourists, Mongolia’s tourism sector has substantial growth potential, but faces key constraints in air transport and sector coordination, according to the World Bank’s new study on Mongolia’s tourism sector.
Revenue from railway transport decreased by 25.3 percent
In the first 2 months of 2022, 3943.2 thousand tons of freight were carried by railway transport, showing a decrease of 1217.8 (23.6 percent) thousand tons compared to the same period of previous year.
Mortgage repayment deferral support extended
At its plenary session, the State Great Khural has extended the effective period of the Law on Prevention, Combat, and Reduction of Social and Economic Impacts of the COVID-19 until the end of December 31, 2022.
National currency in circulation reaches MNT 1.0 trillion
According to the National Statistics Office, the national currency in circulation reached MNT 1.0 trillion at the end of February 2022, decreased by MNT 138.6 billion (11.8 percent) from the previous month and increased by MNT 12.1 billion (1.2 percent) from the same period of the previous year.
“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’