Post-pandemic recovery of tourism program to be carried out
In coming four years, the Ministry of Environment and Tourism plans to focus on recovering tourism industry by reviving tourist flow in a short time after the pandemic. In doing so, it aims to boost tourism based on each regional features, increase jobs in rural areas, improve citizens’ livelihood and reduce adverse impacts on nature and environment caused by tourism.
Agreement signed to establish institute for bank employees specialization
The signing ceremony of the ‘Cooperation Agreement’ was held today among the Bank of Mongolia, the Mongolian Bankers Association and the Federal Republic of Germany’s ‘Sparkasse’ bank fund.
Cooperation in the field of free zones – A bilateral document between Mongolia and Turkey signed In Ankara
On January 21. 2021, Mr. Bold Ravdan, Ambassador of Mongolia to Turkey and Mrs. Gonca Yilmaz Batur, Deputy Trade Minister of Turkey signed “Memorandum of Understanding between Mongolia and the Republic of Turkey Regarding Cooperation in the Field of Free Zones” in Ankara.
First virtual meeting of chambers of Asia Cooperation Dialogue takes place
Authorities of Chambers of Commerce and Industry of 35 countries that are included in the Asia Cooperation Dialogue (ACD) met virtually on January 21.
EBRD and Bank of Mongolia agree swap facility
The European Bank for Reconstruction and Development (EBRD) and the Bank of Mongolia (BOM) have agreed to set up a long-term dollar-togrog swap facility to increase the availability of Mongolian togrog (MNT) financing to local businesses affected by the coronavirus pandemic.
Agriculture Minister meets EBRD Head of Mongolia
Minister of Food, Agriculture and Light Industry Z.Mendsaikhan virtually met with Hannes Takacs, Head of Mongolia at European Bank for Reconstruction and Development (EBRD).
First certificate of origin within Asia-Pacific Trade Agreement presented
Mongolia has joined the Asia-Pacific Trade Agreement, becoming the 7th official member country. By joining the agreement, it becomes possible for domestic manufacturers to export a total of 10,667 types of products to the other six member countries, with 5-100 percent discount in taxes.
Mongolia’s Stock Exchange celebrates 30th anniversary
January 18, 2021 marked the 30th anniversary of the establishment of the Mongolian Stock Exchange and the stock market in Mongolia. Prime Minister U.Khurelsukh yesterday visited the Mongolian Stock Exchange and its exhibition hall displaying the history of Mongolian’s stock market, and rang the market opening bell on the occasion of the anniversary.
Securities traded at national stock market decreased by 66.6 percent in 2020
In 2020, securities worth MNT 53.9 billion were traded at the national stock market, decreased by MNT 107.6 billion (66.6%) compared to the previous year.
MNCCI organizes e-conference to intensify trade and business cooperation between Mongolia and China
The Mongolian National Chamber of Commerce and Industry (MNCCI) in cooperation with the Jilin Chamber of Commerce of the People's Republic of China and the Consulate General of Mongolia in Hohhot, organized an online conference to intensify trade and business cooperation between the two countries.
Mongolia-Hungary Joint Economic Commission convenes
Co-chairs of the Mongolia-Hungary Joint Economic Commission, State Secretary of the Ministry of Food, Agriculture and Light Industry T.Jambaltseren and Istvan Deputy State Secretary of the Hungarian Ministry of Foreign Affairs and Trade Joo Istvan, had a virtual meeting.
Deficit of equilibrated balance reaches MNT4.5 trillion
According to the preliminary results of 2020, the total revenue of the general government budget was MNT 10.4 trillion, of which the equilibrated revenue of the general government budget amounted to MNT 9.4 trillion or 90.6% of the total revenue of the general government budget.
Promoting Mongolian livestock products on European and Swiss markets
Today, January 14, Stefanie Burri (Ph.D.), Head of Swiss Cooperation in Mongolia, and Benoit Meyer-Bisch, Deputy Head, Ts. Enkh-Amgalan, Green Gold Animal Health project manager, have met Ts. Mendsaikhan, Minister of Food, Agriculture and Light Industry.
U.S. provides additional MNT 8.5 billion to advance sustainable, inclusive economic growth in Mongolia
On January 14, 2021, the United States, through the United States Agency for International Development (USAID), signed a MNT 8.5 billion ($3.0 million) expansion of the bilateral agreement with the Ministry of Finance of Mongolia to promote good economic governance; reliable, efficient and affordable energy; and sustainable, private sector-led growth in Mongolia.
Opening bell ceremony held for first asset-backed securities
On the occasion of the primary market opening of the first asset-backed securities listed on the Mongolian Stock Exchange, Mr. Bayarsaikhan, Chairman of the Financial Regulatory Commission, Mr. Kh.Altai, Chief Executive Officer of Mongolian Stock Exchange, Mr. D.Amgalanbaatar, Deputy Director of ‘Invescor NBFI’ JSC, and Ms. G.Uyangakhishig, Chief Executive Officer of ‘Invescor Capital’ LLC visited the Mongolian Stock Exchange (MSE) and opened the 6388th securities trading of MSE by ringing the bell.
Deputy Chief Cabinet Secretary: "Economic benefits of Oyu Tolgoi to Mongolia must increase"
Solongoo Bayarsaikhan, Deputy Chief at Cabinet Secretariat yesterday, January 13, gave information on the official position of the Mongolian government on the situation surrounding the Oyu Tolgoi copper and gold mine project.
Carried freight from all types of transport decreased by 12.6 percent in 2020
At the end of 2020, 60.3 million tonnes of freight were carried in total by all types of transport. Compared to the same period of the previous year, the carried freight was dropped by 8.7 million tonnes (12.6%).
Mongolia counts 67.1 million head of livestock
According to the preliminary result of the annual livestock census of 2020, heads of livestock in Mongolia totaled 67.1 million, of which 4.1 million horses, 4.7 million cattle, 472.9 thousand camels, 30.0 million of sheep, and 27.7 million goats.
Mohammad Faisal Al-Mutairi: Transportation is the main problem in the expansion of Mongolia-Kuwait trade