Investment opportunities and challenges in Mongolia discussed
The American Chamber of Commerce in Mongolia (AmCham Mongolia) organized a discussion and meeting on August 17, 2022, on investment opportunities and challenges in Mongolia.
Total revenue of general government budget increased by 8.9 percent compared to the same period of previous year
In July 2022, tax revenue reached MNT 1.3 trillion, increased by MNT 109.6 billion (9.5 percent) compared to the same period of previous year.
Irregular session of the Parliament to be held next week
During the irregular session, MPs will discuss information of the National Security Council, issues related to Resolution No. 2 of the Constitutional Court of Mongolia as well as others.
Possibility of implementing SolarCity and Hyperloop projects in Mongolia discussed
During the meeting, in addition to the Starlink project, Elon Musk's renewable energy projects, SolarCity and Hyperloop, were discussed.
Gross industrial output increased by 2.0 percent from the previous month
In July 2022, the gross industrial output reached MNT 2.0 trillion, increased by MNT 40.4 billion (2.0%) from the previous month. In July 2022, the sales of industrial products reached MNT 2.8 trillion, increased by MNT 377.4 billion (15.3%) from the previous month.
‘MIK Holding’ JSC presents its report for the first half of 2022
Total assets decreased by 8.8 percent from the same period last year due to the payment of the ‘Oelun’ bond, reaching MNT 3,853.6 billion as of June 30, 2022.
Bank of Mongolia’s economist receives ‘Outstanding Research Award’
Researcher and economist at Bank of Mongolia Boldbaatar Munkhnasan’s publication named ‘Farmland Rental Rate: Does Organic Certification Matter?’ (Co-authored with Joseph P Janzen and Kate Binzen Fuller) has received an ‘Outstanding Research Award’ from the Agricultural and Applied Economics Association in 2022.
113.5 thousand tons of coal exported
3252 containers with 813 vehicles and 113.5 thousand tons of coal were exported through the container transport terminal at Gashuunsukhait port.
Mongolian puzzle games displayed at science and technology fair in Thailand
The Mongolian puzzle games displayed at the fair were created by Z.Tumen-Ulzii, founder of the ‘International Museum of Intelligence of Mongolia’.
Mortgage loans worth MNT 355 billion disbursed
In the first seven months of this year, about 4.5 thousand borrowers received mortgage loans worth about MNT 355 billion through the funding sources of the Bank of Mongolia and commercial banks. In addition, mortgages worth MNT 71.7 billion are being disbursed in August this year, reported the Bank of Mongolia.
Chairman of City Council receives Mayor of Sakarya
During the meeting, J. Batbayasgalan emphasized the successful development of bilateral relations in the fields of culture and education. He also noted that not only cooperation between government organizations, but also people-to-people ties become a bridge to strengthen relations.
‘Trio’ film becomes one of best selections
Currently, the film is successfully participating in the film festivals in Poland, the USA and other countries with the support of Down Syndrome Association Mongolia.
Cooperation in space research to be developed with Russia
Within the framework of this cooperation, the parties will work together in the fields of research and use of space for peaceful purposes, training and launching the first female astronaut of Mongolia into space, and intensifying bilateral cooperation in the space research.
Construction work of infrastructure to establish new city starts after 40 years
Mongolia has not built a new city since 1980. After 40 years, the planning of a new city is in the process. As part of the infrastructure construction for the new residential area, the construction of water and electricity supply sources has started.
Mongolia’s top SDG governing body endorses the draft Integrated National Financing Strategy
UN Joint Programme on “Rolling Out an Integrated Approach to the SDG Financing in Mongolia,” implemented by UNDP in partnership with UNICEF under the leadership of Ministry of Finance with the generous and material support from the Joint SDG Fund, provided extraordinary opportunity to Mongolia for the development of the Integrated National Financing Strategy over the past two years.
Olympic qualifying badminton tournament to be held in Ulaanbaatar
More than 140 athletes from 15 countries, including England, USA, Hungary, India, Italy, Japan, and Kazakhstan, have confirmed their participation in this Olympic qualifying tournament.
Views exchanged on establishment of dinosaur museum
During the meeting, they exchanged views on the establishment of Dinosaur Museum in Mongolia and unanimously agreed that the work to establish the museum, which has been on talk for many years, needs to be started based on relevant studies and researches.
BoM purchases 1.7 tons of precious metal in July
In July, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 778.5kg and 650kg of precious metals respectively.The average price of BoM’s purchase of 1 gram of gold was MNT185,224.93 last month.
Official visit of the UN Secretary-General to Mongolia concluded
Secretary-General Antonio Guterres was presented by children with the original copy of the UN Charter in Mongolian script written by young calligraphers, attended a mini Naadam festival and visited a nomadic family to learn about Mongolian culture and customs.