Economy
Coal export through Shiveekhuren port resumed
From today, Mongolia has resumed coal export through Shiveekhuren border port in Gurvantes soum of Umnugobi aimag. Gashuunsukhait port, which was halted for two months due to Covid-19 prevention, was re-opened on March 23 to restore coal export.
1908天
Government unveils MNT 5.1 trillion plan to help those affected by COVID-19
Ulaanbaatar /MONTSAME/. On March 27, Prime Minister of Mongolia U.Khurelsukh delivered an address to the people and entities of Mongolia to introduce the new measures addressing the economic impact of the COVID-19 pandemic. 
1911天
Meat factory ready for operation in Zavkhan aimag
A meat factory with a daily capacity of 500 sheep and goats and 150-200 cattle is to open in Tosontsengel soum of Zavkhan aimag. The factory building is now ready as an agreement was established with Bayan New Food Century LLC.
1911天
The European Union supports environmentally friendly and sustainable production
Mongolia's wool and cashmere sector is one of the most important sectors, accounting for 36 percent of total exports other than mining sector.
1911天
ADB grants USD1 million to boost Mongolia's fight against COVID-19
Ulaanbaatar /MONTSAME/. On March 26, Asian Development Bank (ADB) Mongolia Resident Mission announced that the ADB today approved a $1 million grant to support the Mongolian government’s fight against the novel coronavirus (COVID-19) pandemic.
1912天
VAT refunds for first quarter of 2020 to be issued in April
 According to the Mongolian Taxation Administration, VAT refunds will be issued to citizens quarterly beginning from this year.
1912天
Loan agreement of Biocombinat renovation project to be signed with Hungarian EXIM Bank
At a regular meeting of the Cabinet on March 25, Prime Minister U.Khurelsukh authorized relevant officials to sign a loan agreement between the Ministry of Finance and the Hungarian Export-Import Bank on Biocombinat state-owned factory renovation project to be implemented with a 17.5-year Hungarian interest-free loan of USD 57 million.
1913天
Exports decline by 31.5 percent
Ulaanbaatar /MONTSAME/. Monthly statistical reports released by the National Statistical Office of Mongolia and Mongolian Customs General Administration have been showing the negative effects of the global spread of the Covid-19 pandemic. 
1913天
World Bank mobilizes $2.2 million to strengthen medical diagnostic services in response to COVID-19
The World Bank mobilized US$2.2 million to help strengthen Mongolia’s hospital services in the wake of the COVID-19 pandemic. The funding will be used to purchase the most needed medical diagnostic equipment in the country.
1913天
Mongolian Mining Corporation earns profit of USD 252 million
Mongolian Mining Corporation (MMC), the largest producer and exporter of hard coking coal in Mongolia, presented its 2019 year-end report. According to the report, the company earned profit USD 252.1 million in 2019. 
1913天
Ulaanbaatar Railways loses MNT 1.7 billion due to coronavirus
Ulaanbaatar /MONTSAME/. Today, B.Davaasuren, Head of Passenger Department of the Ulaanbaatar Railways national railway operator held a meeting with media organizations to give updates on the company’s operations amid coronavirus pandemic. 
1914天
Revenue of 65 percent of entities decreased
The Mongolian National Chamber of Commerce and Industry (MNCCI) today presented a result of a survey ‘COVID-19 infection: Workplace impact survey’ conducted among entities.
1914天
Savings in foreign currency increased by 20.3 percent
At the end of February, the time deposits in foreign currency amounted to MNT 3.6 trillion, showing an increase of 20.3 percent from the same period of the last year. 
1914天
Coal shipment resumes through Gashuunsukhait border checkpoint
In accordance with the decision made by the Government of Mongolia, the Ministry of Roads and Transport Development, National Road Transport Center, Customs General Administration, State Professional Inspection Agency and Freight Forwarding Companies have resumed the coal shipment through Gashuunsukhait border checkpoint. 
1915天
Finance Minister holds online meeting with ADB Vice-President
During his meeting with Asian Development Bank (ADB) Country Director for Mongolia Pavit Ramachandran, Minister of Finance Ch.Khurelbaatar had an online meeting with ADB Vice-President (Operations 2) Ahmed M. Saeed.
1915天
Turquoise Hill announces financial results and review of operations for 2019
Ulaanbaatar /MONTSAME/. On March 21, Turquoise Hill Resources, an international mining company who owns 66 percent of the Oyu Tolgoi copper-gold mine in Mongolia and focuses on the operation and development of the mine, announced its financial results for the year ended December 31, 2019. 
1915天
Central bank governor meets Russian Ambassador
Governor of the Bank of Mongolia B.Lkhagvasuren met with the Ambassador of the Russian Federation I.K.Azizov on March 19.
1918天
Development Bank of Mongolia to support cashmere buyers with low-interest loans
In aims of defining the solutions to increase the production of cashmere and gold as well as the amount of foreign exchange reserves, Speaker G.Zandanshatar received representatives of the aforementioned sectors on March 18.
1919天
Business Council of Mongolia issues joint press release with NGOs on COVID-19
Ulaanbaatar /MONTSAME/. Due to the rapid decline of the economy and rising short-term difficulties for businesses as a result of COVID-19, business advocate organizations and associations have released a joint statement demanding immediate, comprehensive measures be taken and that the proposals put forth by the Mongolian National Chamber of Commerce and Industry (MNCCI) to mitigate risks and protect business and employment be implemented.
1919天
ADB provides $1.4 Million to strengthen Mongolia's COVID-19 preparedness
Ulaanbaatar /MONTSAME/. The Asian Development Bank (ADB) has reallocated $1.4 million from a health project in Mongolia to procure essential medical equipment for early detection, emergency care, and management of severe respiratory diseases in wake of the novel coronavirus (COVID-19) pandemic. 
1919天
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