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April 17 events
Following events are expected on April 17, Monday.
2993 days
Annual reindeer festival to take place in Khuvsgul aimag
Ulaanbaatar /MONTSAME/ The 11th edition of the Mongolia's ‘Reindeer festival’, which is held at the initiative ‘Khuvsgul Mon Travel’ tour company, will take place on July 6-7 at the ‘Dalai Tour’ tourist camp in Khuvsgul aimag.  The event aims to spread unique livelihood, culture and tradition and customs of shamanism of reindeer people, improve their living standards, increase their income and protect reindeer animals,  which have been decreasing in recent years.
2993 days
President discusses right to information with journalists
Ulaanbaatar /MONTSAME/ President's Office in cooperation with Provincial Press Association organized a meeting under the theme ‘Citizens’ Right to Information’ on April 14, Friday, and President Ts.Elbegdorj attended the meeting. During the meeting with journalists and correspondents working in 21 provinces of Mongolia, the President touched upon his powers granted by the Constitution of Mongolia.  
2993 days
Mongolian 3x3 basketball team wins Asian cup
Ulaanbaatar /MONTSAME/ Mongolia’s basketball team triumphed over the People’s Republic of China by 17:14 at the 3rd Asian University 3x3 Basketball Championship to claim a gold medal in men’s category.
2993 days
Art and writing contest held within Global Money Week
In compliance with the “Global Money Week”, the Ministry of Education, Culture,, Science and Sport along with Bank of Mongolia, President's Office, Mongolian Bankers Association, Deposit Insurance Corporation of Mongolia organized arts and writing contest on money management among children on April 14. Under the theme “Learn-save-earn”, the “World Money Week” took place between March 27 and April 2.   In the competition, a total of 620 works were submitted including 270 essays and 350 paintings.   
2995 days
Khan Bank welcomes Frank Hawke to its Board of Directors
Ulaanbaatar /MONTSAME/ On April 1, Mr. Francis Edward (Frank) Hawke, a financial specialist joined Khan Bank’s Board of Directors on April 1, 2017. With 37 years of experience in finance, trade, banking, and business development in markets spreading across Asia, including China, Vietnam, Laos, Cambodia, Taiwan, the Philippines and Indonesia, Frank Hawke has worked with financial market, information technology, agriculture, and energy sectors. His career as a financial advisor and executive include leading key foreign market offices as a vice president at Citigroup from 1985 to 1997.
2995 days
Art and writing contest held within Global Money Week
Ulaanbaatar /MONTSAME/ In compliance with the “Global Money Week”, the Ministry of Education, Culture,, Science and Sport along with Bank of Mongolia, President's Office, Mongolian Bankers Association, Deposit Insurance Corporation of Mongolia organized arts and writing contest on money management among children on April 14. Under the theme “Learn-save-earn”, the “World Money Week” took place between March 27 and April 2.
2995 days
Social insurance fund revenue increased
Ulaanbaatar /MONTSAME/ In the first quarter of 2017, the General Authority for Health and Social Insurance of Mongolia reported that the revenue of Social Insurance Fund amounted to MNT 484.7 billion, reflecting an increase of MNT82.2 billion or 20.4 percent and expenditure of the fund reached 450.3 billion, showing an increase of MNT47.4 billion or 11.8 percent compared to the same period of the previous year. In the first quarter of 2017, revenue of social Insurance fund has increased by MNT82.2 billion compared to the same period of the previous year. This was partially due to increased revenue of pension insurance fund by MNT 60.5 billion and health insurance fund by MNT7.6 billion.
2995 days
Seven types of tax rates to be raised following budget amendments
Ulaanbaatar /MONTSAME/ Amendments to the 2017 State Budget, which were approved by the Parliament yesterday, April 13, laid out to raise seven types of taxes, as the Government agreed with the International Monetary Fund in the scope of a three-year Extended Fund Facility. Tax rate increase of four types of taxes will come into effect starting May 01. Those include individual income tax, tax on interest of bank savings, customs tax on imported cigarettes and excise tax on passenger cars.
2995 days
Trilateral agreement signed to support employment
Ulaanbaatar /MONTSAME/ Today, April 14, a trilateral agreement was established between the Capital Governor’s office, Confederation of Trade Unions of Ulaanbaatar and the Mongolian Employers' Federation, with an aim to increase employment of citizens of the captial city and develop small and medium enterprises. The parties agreed to collaborate in protecting legal rights and interests related to employment and develop social partnership, putting 22 tasks forward.
2995 days
Mongolian and South Korean ballet dancers to perform together
Ulaanbaatar /MONTSAME/ A play named “Spirit of ballet” by junior ballet dancers of Mongolia and the Republic of  Korea will be staged at the Mongolian State Opera and Dance Theatre in Ulaanbaatar. The Mongolian Development Foundation for Ballet and Mongolian Ballet Association in Ulaanbaatar are working as organizers. The performance will be organized by Tuguldur Foundation in cooperation with governmental and non-governmental organizations operating in the art of ballet, including Music and Dance College. 
2995 days
Tourism representatives urge for revised law on tourism industry
Ulaanbaatar /MONTSAME/ On April 13, Mongolian National Chamber of Commerce and Industry and the Mongolian Tourism Association co-organized a forum of businesspeople engaged in the tourism industry under the theme “Challenges of the tourism industry and ways to solve” in Ulaanbaatar. The event is aimed at hearing voices of businesspeople working in the tourism field of Mongolia, discussing together pressing issues and gateways to the development and determining future strategies and principles to pursue in the future.
2995 days
Foreign trade turnover increased by 33.3%
Ulaanbaatar /MONTSAME/ In the first quarter of 2017, Mongolia traded with 119 countries and total trade turnover reached 2076.1 million US dollars, of which 1299.9 million by exports and 776.2 million by imports.
2995 days
Seven types of tax rates to be raised following budget amendments
Ulaanbaatar /MONTSAME/ 2017 Budget amendment, which approved by the Parliament yesterday, has raised seven types of taxes, as the Government agreed with the International Monetary Fund in the scope of the three-year Extended Fund Facility. Tax rate increase of four types of taxes will come into effect starting May 01. Those include individual income tax, tax on interest of bank savings, customs tax on imported cigarettes and excise tax on passenger car.
2995 days
Money supply reaches MNT12.2 trillion
Ulaanbaatar /MONTSAME/ According to the Central Bank of Mongolia, the money supply has reached MNT12.2 trillion at the end of March 2017, showing a decrease by MNT79.5 billion or 0.6 per cent from the previous month and an increase by MNT2 065.3 billion or 20.4 per cent compared with the same period of 2016. At the end of March 2017, the national currency in circulation reached MNT 788.3 billion, down by MNT156.5 billion  or 16.6 per cent from the previous month and up by 129.7 billion  or 19.7 per cent compared to the same period of 2016.The amount of outstanding loan amounted to MNT12.7 trillion in the reference period. This is a growth by 0.8 per cent from the previous month and by 7.1 per cent from the same period of 2016.
2995 days
Social insurance fund revenue increases
Ulaanbaatar /MONTSAME/ In the first quarter of 2017, the General Authority for Health and Social Insurance of Mongolia reported that the revenue of Social Insurance Fund amounted to MNT 484.7 billion, reflecting an increase of MNT82.2 billion or 20.4 percent and expenditure of the fund reached 450.3 billion, showing an increase of MNT47.4 billion or 11.8 percent compared to the same period of the previous year. In the first quarter of 2017, revenue of social Insurance fund has increased by MNT82.2 billion compared to the same period of the previous year. This was partially due to increased revenue of pension insurance fund by MNT 60.5 billion and health insurance fund by MNT7.6 billion. The Social insurance fund expenditure increased by MNT47.4 billion compared a year ago. Main reason goes to increase in pension insurance fund expenditure by MNT31.5 billion, health insurance fund by MNT9.6 billion and unemployment insurance fund by MNT3.0 billion.
2995 days
Mongolia-Russia archaeological team unveils new finds
Explorers discover an ancient toothbrush One of the showrooms of the Mongolian National Museum is exhibiting some brand ‘new’ pieces.  The museum hosted the opening ceremony for an exhibition called “Culture of Ancient Cities” which unveils the most extraordinary finds belonging to the Khitan state period, one of the ancient states that occupied Mongolian land.    This is a huge contribution made by a Mongolia-Russia joint research project on Nomadic Cities over the past 15 years. 
2995 days
Statistical report on Public Finance
Ulaanbaatar /MONTSAME/ In the first quarter of 2017, total equilibrated revenue and grants of the General Government Budget amounted to MNT1504.1 billion and total expenditure and net lending amounted to MNT1759.2 billion, representing a deficit of MNT255.1 billion in the equilibrated balance.
2995 days
Mongolian team takes down Malaysia in 3x3 basketball championship
Ulaanbaatar /MONTSAME/ The third Asian University 3x3 Basketball Championship is taking place in Kuala Lampur, Malaysia between April 12 and 16. Mongolian basketball team from National University of Mongolia is participating in the championship and has one win and one loss.
2995 days
Hunnu Mall opens interactive zoo park
Ulaanbaatar /MONTSAME/ An interactive zoo park, officially the first-ever in Mongolia, has opened its doors on the 2nd Floor of Hunnu Mall of Ulaanbaatar.
2995 days
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