Ooluun.B
ooluun@montsame.mn
2024-12-21 19:58:42
Central Bank of Mongolia Decides to Keep Policy Interest Rate at 10 Percent
The Monetary Policy Committee of the Bank of Mongolia has decided at a regular meeting to maintain the policy interest rate at 10 percent and increase the reserve requirement in both domestic and foreign currency by 1 percentage point respectively to 11 percent and 16 percent, considering the current state of the economy, banking, and financial markets and the risks of the external environment.
8 days
Law on Budget of Mongolia for 2025 Approved
The State Great Khural discussed and approved the 2025 Budget Law of Mongolia for the second time on December 12, 2024, as the President of Mongolia vetoed the initial law entirely and the Government submitted a new version of the draft law, following the Parliament’s acceptance of the veto.
9 days
Mongol Nomad Migration Recognized as Intangible Cultural Heritage of Humanity
Mongol nomad migration and its associated practices have been added to the Representative List of the Intangible Cultural Heritage of Humanity of the United Nations Educational, Scientific and Cultural Organization (UNESCO).
9 days
President of Mongolia Khurelsukh Ukhnaa Visits Milk Farms
President of Mongolia Khurelsukh Ukhnaa visited “Nuudelchin Agro Farm” LLC and “Harumafuji Dairy Farm” within the framework of the “Food Supply and Security” National Movement.
10 days
The Trade and Development Bank JSC Recognized as the “Best Corporate Bank of 2024” by Euromoney Magazine
Euromoney magazine annually organizes the "Awards for Excellence," a program that celebrates remarkable achievements in the global banking and financial sector, choosing the best of the best. These awards are recognized as the most prestigious in the banking industry. In 2024, the Trade and Development Bank JSC was honored as "The Best Bank for Corporates," affirming its role as a leading institution that proudly represents Mongolia on the international stage.
10 days
Mongolia and Germany Agree to Convert Debt into Public Health Investments
The Government of Mongolia, through the Ministry of Finance, and the Federal Republic of Germany, through KfW Development Bank agreed to convert EUR29 million of Mongolia’s debt into public health investments.
11 days
First Tariff Wage Network in the Cashmere Sector to be Introduced to Mongolia
With the support of the Friedrich-Ebert-Stiftung of Germany, the Mongolian Wool and Cashmere Association (MWCA) and the Mongolian Light Industry Workers’ Union (MLIWU) developed a “Tariff Agreement” in the cashmere sector and the agreement was signed by the parties, including representatives from MWCA, Cashmere Holding LLC, Khanbogd LLC, and MLIWU.
11 days
Major Ulaanbaatar Projects Presented to Attract Chinese Investment and Cooperation
Authorities of Ulaanbaatar held the “UB Opportunity” investment forum in Beijing, China to draw investments to major construction, energy, and transport projects to be implemented in the capital of Mongolia in the coming years.Some 450 representatives from 204 entities engaged in the infrastructure, energy, and investment sectors took part in the forum, where the capital officials led by the Governor of the capital city and Mayor of Ulaanbaatar Nyambaatar Khishgee presented the projects.
12 days
Mongolian Culture Center Opens at the University of Parma
A Mongolian Culture Center has opened at the University of Parma, Italy.  The Action Program of the Government of Mongolia for 2020-2024 reflects a goal to establish Mongolian Culture Centers to promote the Mongolian language and culture worldwide, based on universities and research institutions, and the center was opened in line with its realization. A Mongolian Culture Center also opened at the University of Florence, Italy, on April 19, 2024.
15 days
Finest Works from the XVIII-XX Centuries on Display
The Zanabazar Museum of Fine Arts opened a special exhibition “Selection of the Finest Works" on December 4, 2024, in celebration of the 100th anniversary of the establishment of the first modern museum in Mongolia.
16 days
Saudi Arabia Affirms Commitment to Cooperation with Mongolia in Renewable Energy, Mining, and Tourism
Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai received Prince Turki bin Mohammed Al-Saud, Member of the Council of Ministers and Minister of State of the Kingdom of Saudi Arabia.
17 days
Two New Products Launched on Mongolian Stock Exchange
Two companies have launched new products on the Mongolian Stock Exchange. Specifically, “Shunkhlai” LLC started the primary market trading of “Shunkhlai” bonds, while a bell-ringing ceremony for the IPO of “Tenger Daatgal” LLC was held on November 28, 2024.
17 days
Prime Minister of Mongolia Addresses One Water Summit
Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai participated in the One Water Summit, which was held on December 3, 2024, in the margin of the 16th Session of the Conference of the Parties to the UN Convention to Combat Desertification (UNCCD COP 16) in Riyadh, the capital city of Saudi Arabia.
17 days
Drones to be Manufactured in Mongolia Using South Korean Technology
A Memorandum of Understanding has been signed between the National Association of Drone Developers of Mongolia and the Association for Unmanned Vehicles of the Republic of Korea.
18 days
Mongolia to Establish an Ecolabelling System
Ahead of the Mongolian Sustainable Finance Forum-2024, organized under the auspices of the President of Mongolia, a business meeting on the theme “The Path to a Green and Circular Economy: International Experience and Cooperation” took place on November 27, 2024, at the “Ulaanbaatar Gallery.”
18 days
New Bus Depot Constructed in Ulaanbaatar
The construction of a new bus depot has been completed in Ulaanbaatar. The bus depot, located in Khan-Uul district has a capacity of 110 buses inside, besides an open parking lot for 150 buses.
18 days
Draft Law on Amendments to the Budget Law of Mongolia Submitted to the State Great Khural
A plenary session of the State Great Khural was held today and the majority of the attending MPs voted for the urgent discussion of the draft Law on Amendments to the Budget Law.
19 days
Mongolia and Australia Enter into Negotiations on Social Security Agreement
Representatives from the Australian Government Department of Social Services, the Ministry of Foreign Affairs of Mongolia, the Ministry of Family, Labor and Social Protection of Mongolia, and the Australian Embassy in Mongolia participated in the meeting and shared information on the social security systems of the two countries and exchanged views on holding the first round of negotiations in next January and developing a draft agreement.
22 days
Foreign Exchange Reserves of Mongolia Exceed USD 4.9 Billion
As of November 25, 2024, the official foreign exchange reserves of Mongolia exceeded USD 4.9 billion, an increase of USD 38.8 million or 0.8 percent compared to the beginning of this year. This is the amount that satisfies the country's foreign exchange-paid import needs for 5.1 months, according to the Bank of Mongolia. 
23 days
Mongolian Citizenship Oath Taken by 16-Year-Olds
The Government of Mongolia, the Ministry of Culture, Sports, Tourism, and Youth, and the Mongolian Youth Union NGO jointly organized the “Mongolian Citizenship Oath-Taking Ceremony” for the 22nd year.
24 days
Japan to Fund Renovation of Secondary School No. 1 in Sagsai Soum, Bayan-Ulgii Aimag 1 day
Political Consultation Between the Foreign Ministries of Mongolia and Oman 2 days
Reducing the Shortage of Teachers and Enhancing Teacher Recognition 2 days
Thirtieth Anniversary of the Mongolia-Japan "Partnership Association" Celebrated in Ulaanbaatar 2 days
Mongolia and India to Expand Cooperation in Culture, Sports, Tourism, and Youth Development 2 days
The Government of Mongolia Raises Pensions by Six Percent 2 days
The Second Consultative Meeting between the Ministries of Foreign Affairs of Mongolia and Canada Takes Place in Ottawa 2 days
“Chimney-Free Zone” to Be Established in Ulaanbaatar 2 days
"Tengeriin Elch" Historical Opera to Delight Audiences 2 days
Green Bond Issued for Waste Recycling 2 days
Baganuur 50 MW Battery Storage Power Station Supplies Energy to Central System 2 days
The Second National Oncology Center to Be Constructed in Ulaanbaatar 2 days
Mongolia and the UN Review Progress of Sustainable Development Cooperation Framework 2023-2027 2 days
Deputy Chairman of the State Great Khural of Mongolia Receives Ambassadors of the French Republic and the European Union 2 days
The Urban Planning Administration Overseeing the Development of New Kharkhorum City 3 days
Human Remains Dating Back 25,000 Years Discovered in Mongolian Gobi Desert 3 days
Hunnu Aristocrats' Burial Complex to Be Registered as World Cultural Heritage 3 days
Presenting New Research Findings on Mongolian Literature Written in Tibetan 3 days
Ambassador of Mongolia to the People’s Republic of China Enkhbold Nyamaa Presents Letter of Credence 4 days
Murun Purevdorj to Compete in the "2025 Dakar Rally" 4 days
Mongolian National Team Wins 79 Medals in 2024 4 days
Zandanshatar Gombojav Elected President of the Mongolian Chess Federation 4 days
Mongolian Athletes Improve Their Rankings by 36-78 Positions 4 days
Thirty World Records Set During the 2024 Weightlifting World Championships 4 days
Draft Resolution on Commemorating the 130th anniversary of the birth of Sambuu Jamsran Submitted 4 days
Mongolian Aviation Sector Marks an Unprecedented Accomplishment in its History 4 days
A Modern Laboratory for Restoration of Cultural Artifacts Now Operational 4 days
Savings in the National Currency of Mongolia Increased by MNT 5.4 Trillion 4 days
This Week in Mongolia 5 days
Mongolia Provides 360 Panoramic Photos to Google Maps 8 days
Przewalski Horses to Be Reintroduced to Numrug with Czech Support 8 days
Central Bank of Mongolia Decides to Keep Policy Interest Rate at 10 Percent 8 days
Mongolian University of Science and Technology Decorates Its Classroom with the World's Heaviest Metal 8 days
Law on Budget of Mongolia for 2025 Approved 9 days
Mongol Nomad Migration Recognized as Intangible Cultural Heritage of Humanity 9 days
ADB-Funded Projects in Darkhan-Uul Aimag Supporting Mongolia's Regional Development 9 days
Asian Development Bank Projects Yielding Positive Results in Selenge Aimag 9 days
The Capital’s First Four “Job Centers” Have Opened Their Doors 9 days
Certificate of Origin for Products Exported to Japan to Be Issued Digitally 10 days
President of Mongolia Khurelsukh Ukhnaa Visits Milk Farms 10 days
Direct Flights from Ulaanbaatar to Ho Chi Minh City Officially Launched 10 days
The Trade and Development Bank JSC Recognized as the “Best Corporate Bank of 2024” by Euromoney Magazine 10 days
Mongolia and Germany Agree to Convert Debt into Public Health Investments 11 days
First Tariff Wage Network in the Cashmere Sector to be Introduced to Mongolia 11 days
Trade & Development Bank Brings Apple Pay to Customers 11 days
Over 50 Mongolian Companies Received the “Women Owned” Certification Label 11 days
Mongolian Athletes Bring Home 80 Out of 90 Medals at the World Memory Championships 11 days
Photo Exhibition Displaying the Wonders of the Philippines Opens in Mongolia 11 days
Photo Exhibition Displaying the Wonders of the Philippines Opens in Mongolia 12 days
Major Ulaanbaatar Projects Presented to Attract Chinese Investment and Cooperation 12 days
17-Year-Old Mongolian Judoka Claims Bronze at Tokyo Grand Slam 12 days
ADB and Xacbank Sign USD 50 Million Deal to Boost Climate and MSME Financing in Mongolia 12 days
Mongolian "Moon Dance" Wins Bronze Medal at the 2024 WDSF World Championship Formation Latin 12 days
Mongolia to Intensify Bilateral Relations and Cooperation with the Kingdom of Bahrain 12 days
This Week in Mongolia 12 days
Prime Minister of Mongolia Calls for Countries to Unite Against Desertification Under the Theme “One for All, All for One” 15 days
Mongolian Culture Center Opens at the University of Parma 15 days
Mongolia Hosts the "Founder of the Democratic Constitution of Mongolia Chimid Byaraa" International Academic Conference 15 days
Mongolia and the UAE Exchange Views on Expanding Bilateral Relations and Cooperation 15 days
Mongolian Herders on Exchange Program to Senegal 16 days
Finest Works from the XVIII-XX Centuries on Display 16 days
Exploring Solutions to Reduce Carbon Emissions and Supply Clean Energy in Ulaanbaatar 16 days
“Norovbanzad Namjil” Commemorative Silver Coin Now on the Market 17 days
Mongolian Athletes Secure 13 Medals at Mas-Wrestling World Championship 2024 17 days
Implementation of Major Projects to Intensify Mongolia-France Cooperation Agreed to Commence in the Near Future 17 days
Saudi Arabia Affirms Commitment to Cooperation with Mongolia in Renewable Energy, Mining, and Tourism 17 days
Prime Minister of Mongolia Meets Crown Prince of the Kingdom of Saudi Arabia 17 days
Meet the Mongolian Judokas to Compete at the Tokyo 2024 Grand Slam 17 days
Two New Products Launched on Mongolian Stock Exchange 17 days
Central Bank of Mongolia Purchased 1.6 Tons of Precious Metals in November 17 days
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