‘Made in Mongolia’ shopping center to open in Hohhot
The Government of Mongolia and the Mongolian National Chamber of Commerce and Industry /MNCCI/ have launched a project to build a ‘Made in Mongolia’ shopping center in Hohhot, Inner Mongolia Autonomous Region, China.
Legal framework for business and investment to be enhanced
On May 18, Members of Parliament G.Amartuvshin, Kh.Bulgantuya, Kh.Gankhuyag, and D.Unurbolor held a meeting with representatives of the business sector at the Mongolian National Chamber of Commerce and Industry (MNCCI).
National currency in circulation increases by 26.3 percent from previous year
The national currency in circulation reached MNT 1.0 trillion at the end of April 2021, increased by MNT 78.2 billion (7.8%) from the previous month, and increased by MNT 225.7 billion (26.3%) from the same period of the previous year.
Ambassador to France exchanges views on exporting Mongolian bio food products to France
On 14 May, the Embassy of Mongolia to France organized a meeting initiated by Ms. B.Saran, director of “Da Sa” company – the first bio-sushi company in France, and Mr. B.Erdenkhuyag, head of “Association of Eternal Mongolians” NGO.
Inflation rate reaches 5.6 percent in April
In April 2021, consumer price index at the national level increased by 2.4% from the previous month, by 5.5% from the end of the previous year and by 5.6% from the same period of the previous year.
Sales of industrial output rise by 81.8 percent in the first four months of 2021
By preliminary result of the first four months of 2021, the gross industrial output reached MNT 6.2 trillion, increased by MNT 2.0 trillion (48.2%) from the same period of previous year.
Tax revenue increases by 54.3 percent compared to same period of previous year
According to the preliminary results in the first 4 months of 2021, the total revenue of the general government budget was MNT 4.9 trillion. The equilibrated revenue of the general government budget was MNT 4.4 trillion and 91.6% of the total revenue of general government budget.
KHAN BANK selected specialized entities to cooperate with for the launch of its IPO
The State Great Khural (Parliament) of Mongolia adopted amendments to the Banking Law on January 29, 2021, requiring the restructuring of systemically important commercial banks as public companies listed on a stock exchange. In compliance with these changes, Khan Bank started the IPO preparation process in February of this year.
Mongolia trades with 129 countries
In the first 4 months of 2021, Mongolia traded with 129 countries from all over the world, and the total trade turnover reached USD 4.5 billion.
Number of traded securities reaches 66.6 million in April
In the first four months of 2021, 312.3 million pieces of securities worth of MNT 599.6 billion were traded at the national stock market, increased by MNT 587.8 billion (50.7 times) and 254.1 million pieces of securities (5.4 times) compared to the same period of previous year.
Prime Minister Oyun-Erdene works at Erdenet Mining Corporation
On May 14, Friday, Prime Minister L.Oyun-Erdene worked at the state-owned enterprise - Erdenet Mining Corporation (EMC) during his working trip to Orkhon aimag.
Meeting held with Ambassador of Poland
President of the Mongolian National Chamber of Commerce and Industry (MNCCI) O.Amartuvshin had a meeting with Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to Mongolia Krzysztof Bojko on May 15.
MNCCI working closely with JICA on MONMAP-AVC – ‘Mongolian Agricultural Sector Value Chain Master Plan Project’
The agriculture and livestock industry in Mongolia accounts for about 13% of the GDP and about 30% of the working population engages in this industry.
Mongolia is leading the world in cryptocurrency adoption
Today, nine-tenths of the world's money is just numbers on a computer. In Mongolia alone, about seven percent of all money is stored in banknotes in cash and the remaining 93 percent in non-cash or digital format.
PM L.Oyun-Erdene: Selenge and Darkhan will be developed into an agricultural region to replace mining as top industry
On May 13, Prime Minister L.Oyun-Erdene’s working visit continued to Selenge aimag.
Meeting held to discuss opportunities to increase cashmere export
The Ministry of Foreign Affairs and the Ministry of Food and Agriculture jointly organized an online meeting with representatives of some diplomatic missions abroad to discuss opportunities to increase wool and cashmere exports.
Mongolia-Singapore business matching webinar to be held in June
In aims of sharing Singapore’s experience and opportunities on e-commerce and developing cooperation in the new business field, Mongolia-Singapore business matching webinar is to be held on June 16, 2021.
MNCCI and JICA to implement pilot projects
Japan International Cooperation Agency (JICA) in cooperation with the Ministry of Food, Agriculture and Light Industry and the National Development Agency is implementing the MONMAP - “Mongolian Agricultural Sector Value Chain Master Plan Project” to support the sustainable development of Mongolia's agricultural sector for 2020-2023.
Ard Financial Group joins Women's World Banking Global Network
On December 18, 2020, Ard Financial Group became an official member of the Women's World Banking Global Network.
P.Khaliun: I believe the relations between two countries will soon reach strategic partnership
Mohammad Faisal Al-Mutairi: Transportation is the main problem in the expansion of Mongolia-Kuwait trade