BoM calls to trade with neighbors in their national currency
At the time when the MNT weakened against the USD with 5.5 percent, but strengthened against CNY and RUB, the Bank of Mongolia (BoM) suggests that Mongolia should trade with the neighbors in their national currency instead of USD.
Makh Market LLC exporting organ meats to China
Makh Market LLC is exporting semi-processed organ meats to China.
AmCham Mongolia hosts a Trade Mission certified by U.S. Department of Commerce
The American Chamber of Commerce (AmCham) in Mongolia hosted its first-ever incoming Trade Mission certified by the U.S. Department of Commerce, on October 15-17, 2018, in Ulaanbaatar. Five American companies operating in agriculture, ICT and telecom, and environmental technologies took part in the AmCham Trade Mission.
Development Bank of Mongolia successfully returns to international debt capital markets
After a five year absence the Development Bank of Mongolia (DBM) returned to the international debt capital markets with a highly successful USD 500 million benchmark offering on October 17. This was the first time DBM transacted a bond offering without a government guarantee, thereby setting an important price reference for other Mongolian borrowers.
Czech company to recieve workforce from Mongolia
As a result of the business meeting between Mongolia and the Czech Republic held during the ‘Expo Mongolia 2018’ international trade fair, entities of the two countries signed cooperation agreements.
Cheese export requires favorable legal environment
Head of Department of SME and Cooperative Policy Implementation of the Ministry of Food, Agriculture and Light Industry Ya.Erdenesaikhan met with Executive Director of the Mongolian Artisan Cheese Makers Union Michael Morrow on October 16.
State Secretary D.Enkhbat meets TIKA Program Coordinator
State Secretary of the Ministry of Food, Agriculture and Light Industry D.Enkhbat on October 16, met with Emrah Ustaomer, Turkish Cooperation and Coordination Agency (TIKA)'s Program Coordinator in Ulaanbaatar.
More herders to access weather forecast and pasture information
Weather forecast and pasture information SMS system now reaches an additional 21,654 herders in Mongolia to protect their animals and livelihoods. Under the “Leveraging Technology and Tradition for Resilience in Rural Mongolia” (LTT4R) project, an SMS platform providing real-time, on-demand weather information has been extended to Dornod, Sukhbaatar, Arkhangai and Uvurkhangai aimags by People in Need (PIN) and Mercy Corps to expand coverage to all 21 aimags.
Mongolian-Azerbaijani Business meeting held
The Ministry of Foreign Affairs, National Chamber of Commerce and Industry and Mongolian Employers’ Federation co-organized the Mongolian-Azerbaijani Business meeting on October 15.
Regional Logistics Center puts into operation
A Regional Logistics Center established in Zamyn-Uud soum of Dornogobi aimag was put into operation.
E.Odbayar: Diversifying the economy is a way to enter the market for landlocked countries
The main challenge for landlocked countries lies in the market. Or more specifically, commodity-trade-manufacturing. This topic is being discussed at the sub-regional workshop with the theme “Fostering Structural Transformation and Export Diversification in Selected Asian Landlocked Developing Countries”, which is taking place at the UN House today.
Mongolia-US trade and economic cooperation to expand
A business delegation led by Alan Turley, U.S. Department of Commerce’s Deputy Assistant Secretary for China and Mongolia, is paying a visit to Mongolia.
Industrial output reaches MNT 11.2 trillion
In the first 9 months of 2018, the gross industrial output reached MNT 11.2 trillion, showing an increase of MNT 1.8 trillion (18.8%) from the same period of the previous year.
Export reaches USD 611.5 million as of September
In the first 9 months of 2018, Mongolia traded with 152 countries from all over the world and total trade turnover reached USD 9.6 billion, where exports was USD 5.3 billion and imports was USD 4.4 billion.
PM U.Khurelsukh visits MAK's cement and block plants
Today, Prime Minister U.Khurelsukh got familiarized with activity of Euro block factory of MAK LLC in Sergelen soum of Tuv aimag.
Freight and passenger transport in increase
In the first 9 months of 2018, 50.2 million tons of freight and 147.3 million passengers (double counting) were carried in total by all type of transport.
Tax revenue increases by MNT1.4 trillion
In the first 9 months of 2018, total equilibrated revenue and grants of the General Government Budget reached MNT 6.5 trillion and total expenditure and net lending amounted to MNT 6.3 trillion.
Harvest running at 58 percent
As of October 9, 231.8 thousand tons of wheat, 156.9 thousand tons of potatoes and 84.4 thousand tons of vegetables have been harvested.
Digital signature introduced in banking sector
On October 10, Deputy Governor of the Bank of Mongolia (BoM) B.Lkhagvasuren received the first e-token for the digital signature system from Tridum e-Security LLC, which carried out a project on digitizing financial services in Mongolia and introduced digital signature system under the launch of Digital Payment campaign, running between October 10 and December 10.
Confederation of Trade Unions demands urgent measures against increase in petrol price
The Confederation of Mongolian Trade Unions (CMTU) demands urgent measures against the increase in petrol price and announces their suggestion of establishing ‘Risk Fund’ and making additional changes to tax laws.