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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.
2997 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.
2997 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. 
2997 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.
2997 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.
2997 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.
2997 days
Environment Minister meets Ambassador of Turkey
Ulaanbaatar /MONTSAME/ D.Oyunkhorol, Minister of Environment and Tourism received Ahmet Yazal, Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to Mongolia to exchange views on Mongolia-Turkey bilateral cooperation in the environmental field. At the beginning of the meeting, Turkish Ambassador thanked the Mongolia's Environment Minister for receiving him and said that he was overwhelmed by the beauty of Mongolian nature and hospitality of Mongolian people. Moreover, he expressed his willingness to upgrade bilateral relations of the two countries during his tenure in Mongolia. 
2997 days
KT Corporation presents solar PV technologies to Erdenes Mongol LLC
Ulaanbaatar /MONTSAME/ O.Odbayar, Deputy Director responsible for Business Development of Erdenes Mongol LLC has received delegates led by Park Il Huan, Director for International Business of KT Corporation. The meeting held discussion on KT Corporation’s solar PV power technology modules and exchanged view on further cooperation  in improing mining industry and its infrastructure with solar PV power usage.  
2997 days
Mongolian Open 2017 freestyle wrestling competition approaching
Ulaanbaatar /MONTSAME/ The first team to submit their registrants to the Mongolia Open 2017 international freestyle wrestling competition was the national team of the Republic of Korea. Mongolian Open 2017 is going to be held at the Buyant Ukhaa Sports Complex of Ulaanbaatar between April 28 and 30.
2997 days
BoM holds FX auction
Ulaanbaatar /MONTSAME/ On April 13, The Bank of Mongolia holds FX auction.
2997 days
2017 Budget amendment approved
Ulaanbaatar /MONTSAME/ Yesterday, April 14, Parliament approved amendments to the law on 2017 State Budget and Law on Social Insurance Fund, proposed by the Cabinet on March 24. The amendments sets the 2017 state revenue projection at MNT6.035.7 billion or 23.3 per cent of GDP and expenditure at MNT8.750.2 billion, 33.6 per cent of GDP, with a deficit amounting to MNT2.714.4 billion, 10.4 per cent of GDP. 
2997 days
State Secretary of Ministry of Foreign Affairs meets Ambassador of Serbia
Ulaanbaatar /MONTSAME/ On April 13, D.Davaasuren, State Secretary of Ministry of Foreign Affairs of Mongolia received Zoran Vajovic, Ambassador and special envoy of the Republic of Serbia. At the meeting, the sides exchanged opinions on opportunities to intensify economic relations between Mongolia and Serbia, which have been maintaining friendly relations for a long time, to establish ties between the two countries' Chambers of Commerce and Industry and businesspeople and to cooperate in the fields of tourism and education.
2997 days
IDC Day Roadshow opens in Ulaanbaatar
International Data Corporation’s (IDC) IDC Day Roadshow themed 'On the way to digital transformation' opened on wednesday in Ulaanbaatar at the Kempinski Hotel Khan Palace, as a part of an international roadshow.
2997 days
Mongolia sees off senior athletes to World Masters Games in New Zealand
Ulaanbaatar /MONTSAME/ A ceremony to seeing off Mongolian athletes, who will be taking part in the World Masters Games 2017 to be held in Auckland, New Zealand on April 21-30, took place today, April 13, at the Central Sports Palace of Ulaanbaatar. This is the ninth edition of the World Masters Games and about 30 athletes of Mongolia will compete in 6 categories. 
2997 days
Junior National Wrestling Championships to be held named after J.Munkhbat
Ulaanbaatar /MONTSAME/ 2017 National Championships of Junior Freestyle Wrestlers will take place on April 24-27 at Buyant-Ukhaa Sports Palace in Ulaanbaatar. From this year, the annual event will be named after Hero of Labor and Merit Athlete of Mongolia, Undefeatable Giant of Nation-titled Munkhbat Jigjid. He is Mexico 1968 Olympic silver medalist, World Championship bronze medalist. 
2997 days
Water quality monitoring program launched at Khuvsgul Lake
Ulaanbaatar /MONTSAME/ The Ministry of Environment and Tourism of Mongolia and the Asian Development Bank /ADB/ have launched a project "Integrated Livelihoods Improvement and Sustainable Tourism in Khuvsgul Lake National Park Project", funded by the Japanese Government.  
2997 days
D.Otgondalai overwhelms his opponents in Thailand
Ulaanbaatar /MONTSAME/ Thailand International Invitational Boxing Tournament, formerly known as the King’s Cup, was held in Bangkok, Thailand on April 2-10. From a total of over 100 participants of 18 countries, State Honored Athlete and Rio 2016 Summer Olympic Games bronze medalist, ACBC Asian Champion and Icheon 2014 Asian Games winner D.Otgondalai snatched victory in 60 kg, winning his second gold medal from the tournament.
2997 days
Forum on hospitality industry trends and innovation to take place
Ulaanbaatar /MONTSAME/ “Horeca Ulaanbaatar Expo 2017”, the biggest annual exhibition and event for hotels, restaurants and catering companies, will take place for the 9th year at Corporate Convention Center on April 14-15. During the exhibition, a forum on hospitality trends and innovation will be organized, the main goal of which is to inform organizations in the hospitality industry with development guidance, economic benefits, technological solutions, marketing methods and best practices of international hotel chains. The following presentations will be held during the forum.
2997 days
Prominent bankers emphasize the importance of transparency and international standard governance and reporting
Ulaanbaatar /MONTSAME/ The American Chamber of Commerce (AmCham) in Mongolia hosted its April Monthly Meeting with prominent international and domestic bankers, as well as representatives from the Bank of Mongolia on April 12, 2017, at Shangri-La Ulaanbaatar Hotel. The panelists included Chief Economist of Bank of Mongolia J. Ganbaatar, CEO of Xac Bank M. Bold, CEO of Khan Bank John Bell, Executive Vice Chairman of Trade & Development Bank Randolph Koppa, Deputy CEO of Golomt Bank Tomas Bravenec, and AmCham Mongolia Board Member and Country Representative for ING Bank Erik Versavel.
2997 days
Chamber of Commerce and Industry cancels its demonstration
Ulaanbaatar /MONTSAME/ Today, the National Chamber of Commerce and Industry of Mongolia made an statement that the Chamber has cancelled a demonstration which planned to organize today, on April 13 at the central square. The chamber had handed a petition to the parliament, appealing to not  increase tax rates, imposing pressure to companies. However , the Chamber President B.Lhagvajav stated that they had met with the Parliamentary Speaker and reached an agreement.
2997 days
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