GDP of Mongolia Increased by 2.1 Percent
In the fourth quarter of 2022, GDP per person employed (at 2015 constant prices) was MNT 6.6 million. In 2022, the GDP per person employed was MNT 23.2 million, which increased by MNT 473.4 thousand (2.1%) compared to the previous year.
Gross Industrial Output Increases by 2.2 Times More from the Previous Year
According to the National Statistics Office of Mongolia, by the preliminary results of January, the gross industrial output reached MNT 2.7 trillion, which increased by MNT 1.4 trillion (2.2 times more) from the previous year.
U.S. Secretary of State Recognizes Brigadier General Bolor Ganbold at 2023 International Women of Courage Awards
Brigadier General Bolor Ganbold has been honored with the International Women of Courage (IWOC) Awards for her nearly 30 years of courageous service to Mongolia and the series of firsts she has achieved, which have broken barriers and opened the door for other women to follow.
“Ring the Bell for Gender Equality” Ceremony Organized at the MSE
The Mongolian Stock Exchange (MSE) organized the “Ring the Bell for Gender Equality” ceremony for the seventh year on March 7. The ceremony is organized globally by the stock exchanges to raise awareness of the importance of gender equality in businesses and sustainable development on the occasion of International Women’s Day.
Continuous Effort to Preserve Falconry- The Eagle Festival
Mongolia is one of the few remaining countries that keep the 6000-year-old tradition of eagle hunting. The annual Eagle Festival in our country demonstrates the efforts of Mongolians to preserve this tradition perpetually.
Singapore-Mongolia Business Meeting to Take Place Virtually
“Propelling Business through Green Initiatives” themed Singapore-Mongolia Business Matching Webinar will take place online on March 09.
Domestic Construction Enterprises Completes 98.0% of Construction and Capital Repairs
According to the National Statistics Office of Mongolia, construction, capital repairs and maintenance reached MNT 6.3 trillion, of which MNT 6.2 trillion (98.0%) were completed by the domestic construction enterprises and MNT 124.4 billion (2.0%) were completed by foreign enterprises in 2022.
“Blue Pearl” Ice Festival
This year, about 300 foreign tourists and representatives from ten countries, such as Japan, South Korea, Germany, and the USA, and over 20 thousand domestic tourists came to Khuvsgul to participate in the festival.
External Pillar Supporting Mongolia's Independence - USA
We commemorated the 35th anniversary of diplomatic relations between Mongolia and the United States of America in 2022. In honor of this milestone, a MONTSAME Mongolian National News Agency correspondent interviewed Jalbuu Choinkhor, Mongolia’s former Ambassador Extraordinary and Plenipotentiary to the United States, about the history and current state of relations and cooperation between Mongolia and the United States.
Gashuunsukhait Checkpoint to Become International Port
Gashuunsukhait port, which handles 50-60 percent of coal exports, to become an international port that operates 24/7.
MSE Trade News
Mongolian Stock Exchange (MSE) JSC traded 1,385,758 shares of 45 companies by MNT 237,304,869 on March 01.
Discussion on “Electronic Trading of Export Coal” Organized Successfully
To set actual market prices of coal and ensure accurate, and prompt delivery of trading information to sellers, buyers, and other participants, the discussion on “Electronic Trading of Export Coal” was held successfully at Premier Tuushin Hotel on February 27.
Joint Statement on Advancing the U.S.-Mongolia Economic Partnership
To strengthen further the U.S.-Mongolia Strategic Partnership and economic relationship, representatives of Mongolia and the United States held the 4th bilateral Economic Policy Dialogue on February 2, 2023, in Washington, D.C.
Coal Transportation Arranged by Mines and Coal Producers
Road transportation plays a vital role in the electronic trading of coal, as transportation costs account massive part of the coal trade. According to the Plenipotentiary Representative of Government for “Erdenes Tavantolgoi” Company J. Ganbat, tendering the transportation companies aims to make coal transportation more transparent and reduce transportation costs.
“E-Trans Logistics” JSC to Distribute Dividends
According to the Resolution of the Board of Directors meeting of “E-Trans Logistics” JSC, the Board approved distributing dividends of MNT 3.00 per share from net profits of 2022.
Preliminary Balance of Payment for 2022
According to the National Statistics Office, the current account balance of payment was in deficit of USD 2.9 billion in 2022 and increased by USD 767.3 (36.4%) million compared to the previous year.
“Tavantolgoi” JSC to Distribute Dividends
Ulaanbaatar, February 27, 2023 /MONTSAME/. The Board of Directors of “Tavantolgoi” JSC held a meeting on February 25 and made a decision to distribute dividends.
Eagle Festival to be Held
Ulaanbaatar City Tourism Department, the Mongolian Eagle Falconers’ Association, and the “Chinggis Khaan Palace” tourist camp will jointly organize the Eagle Festival at “Chinggis Khaan Palace” tourist camp in Ulaanbaatar on March 4-5.
Export Decreased by 22.8% Compared to the Previous Year
Mongolia traded with 107 countries worldwide in January 2023, and the total trade turnover reached USD 1.8 billion, of which exports were USD 1.1 billion and imports were USD 688.0 million.