Economy
Central bank allows to extend consumer loan maturity date through year’s end
On August 7, the Monetary Policy Committee of the Bank of Mongolia (BoM) held an unscheduled meeting and decided to prolong the implementation of restructuring and extending the maturity on consumer loans for lenders experiencing difficulties in their loan repayments due to the current economic circumstances, until December 31, 2020.
16 hours
Foreign trade turnover decreased by 16.7 percent
As of the first seven months of this year, total foreign trade turnover reached USD 6.7 billion, showing a decrease of USD 1.4 billion or 16.7 percent drop compared to the same period of last year. 
4 days
Project underway in Zavkhan aimag to open factories in every soum
As part of Zavkhan aimag’s goal to transform from consumer to producer, Z-24 project is being implemented to open factories in each one of 24 soums of the aimag.
4 days
Mongolian business entities invited to virtual fair to be held in Belarus
The Belarusian Chamber of Commerce and Industry has sent an invitation to the Mongolian National Chamber of Commerce and Industry, inviting Mongolian companies and entities to participate in a virtual trade fair to take place in the country.
5 days
BoM purchases 2.2 tons of precious metal in July
In July 2020, the precious metal purchase of the Bank of Mongolia (BoM) was 2.2 tons, raising the BoM’s total precious metal purchase of 2020 to 13 tons, of which 11.3 tons were gold and 1.7 tons were silver. It means the amount of precious metal purchase increased by 5.5 tons compared with the same period of previous year.
5 days
Measures to support people’s livelihood to continue
A presentation on making amendments to 2020 general budget of Mongolia has been delivered at the Cabinet meeting convened on August 5.
6 days
Darkhan Nekhii JSC prepares for export to Russia
Darkhan Nekhii JSC, a Tier 1 listed company on the Mongolian Stock Exchange (MSE), on August 3 presented its semi-annual financial and operational report to the public.
6 days
Liquid egg factory commissioned
“Tumen Shuvuut’ JSC, listed on the Mongolian Stock Exchange, has produced 33.5 million pieces of egg in the first half of 2020.
6 days
Mongolia-Singapore business meeting to take place virtually
The Mongolian National Chamber of Commerce and Industry in collaboration with the Embassy of Mongolia in Singapore plan to hold Mongolia-Singaporean webinar business discussion on September 10.
6 days
Currency swap agreement extended for three years
The bilateral currency swap agreement between the Bank of Mongolia and the People's Bank of China has been successfully renewed on July 31 for another 3 years until 2023.
7 days
Mongolia to enjoy tariff discount on 10 thousand types of products by joining APTA
The Ministry of Foreign Affairs (MFA) held a press briefing today to present actions being taken on expanding Mongolia’s trade and economic cooperation with its neighbor countries.
11 days
Mongolian Ambassador meets Cuba's Deputy Foreign Trade Minister
Ambassador Extraordinary and Plenipotentiary of Mongolia to the Republic of Cuba Sh.Battsetseg on July 30 met with Deputy Foreign Trade Minister of Cuba Debora Rivas.
12 days
Commemorative coin issued for the Year of the Mouse
Mongolia like other countries issues commemorative coins in unique designs and small amounts to commemorate special historic events. 
12 days
Mongolian-Turkish Chamber of Commerce and Industry convenes virtually
On July 27, the Mongolian-Turkish Joint Chamber of Commerce and Industry held a virtual meeting Co-chaired by the chamber’s Co-Chairs Ersin Kaska and S.Boldkhet.
12 days
ADB to continue its program for herders in Mongolia
Minister of Food, Agriculture and Light Industry Z.Mendsaikhan met yesterday, July 29 with the delegation of ADB headed by Country Director Pavit Ramachandran.
12 days
Finance Minister participates in 2020 AIIB annual meeting
The 5th Annual Meeting of Asian Infrastructure Investment Bank was held on July 28 and Minister of Finance Ch.Khurelbaatar took part in the meeting representing Mongolia.
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Tavantolgoi-Gashuunsukhait railroad to be commissioned in 2022
During his working trip to Umnugobi aimag, Speaker of the Parliament G.Zandanshatar became familiarized with construction progress of Tavantolgoi-Gashuunsukhait railroad.
18 days
Int'l training on ‘Upscaling Shearing for Sheep Wool Quality Improvement’ organized
The international level training with national ownership on “Upscaling shearing for sheep wool quality improvement” was successfully organized in Mandalgovi City and Dalai Bagh of Saintsagaan Soum in Dundgobi Aimag, during 29th June – 5th July 2020.
19 days
Average market price of livestock products as of June
According to the report on the average market price of livestock in June 2020, the average price of castrated camel was at MNT 1.1 million, cattle was MNT 1.1 million, gelding was MNT 886.5 thousand, average price of wether sheep was MNT 185.9 thousand and average price of wether goat was MNT 126.6 thousand.
20 days
23.7 million livestock breed offspring in first half of 2020
In the first half of 2020, from expected 31.0 million of dam livestock at the end of 2019, 23.7 million (76.5%) bred offspring at national level, of which 80.8% were ewes, 74.2% were female goats, 71.2% were cows, 63.3% were mares and 47.4% were female camels.
20 days
Mongolia, Japan aiming to advance joint development projects 13 hours
Deputy Foreign Minister meets British Ambassador 13 hours
President Battulga awards Order of Maternal Glory in Umnugobi aimag 13 hours
Senior athlete B.Boldbaatar runs 1040 km in 34 days 13 hours
Main building of NUM to be taken under protection of cultural heritage 13 hours
Painting exhibition by children with disabilities opens 14 hours
Mongolia-India project for IT education, outsourcing center to be accelerated 14 hours
Improvement of coherence between UB City, sectoral ministries discussed 14 hours
More than 500 Mongolians return from Tokyo, Frankfurt last weekend 15 hours
MASAM Project phase II to be implemented 15 hours
Agriculture Minister meets World Bank Country Manager 15 hours
Medical equipment worth MNT 511 million donated to Mongolia 16 hours
Mongolia, UNDP to cooperate to develop sustainable tourism 16 hours
First part of Mongolia’s 30k sheep donation to China to be delivered in September 16 hours
President Battulga works in Dornogobi aimag, awards Order of Maternal Glory 16 hours
Mongolia-Cuba partnership in health industry discussed 16 hours
Central bank allows to extend consumer loan maturity date through year’s end 16 hours
Mongolia-US cooperation in technological innovation to be expanded 18 hours
“Foreign currency reserves enough to cover Mongolia’s imports for 9 months” 19 hours
Stock Exchange weekly review /Aug 3-7/ 20 hours
Foreign trade turnover decreased by 16.7 percent 4 days
Author D.Turmunkh: I become very happy when writing 4 days
Environment Minister meets state special protected areas administrations' officials 4 days
Officials acquainted with preparations for new international airport 4 days
Mongolian, Peruvian ambassadors discuss formalizing visa-waiver agreement 4 days
Views exchanged with IOM representatives 4 days
Virtual meeting held with Ambassador of Kyrgyzstan 4 days
Public schools with Cambridge program to be increased 4 days
Educational cooperation discussed with Turkey 4 days
Joint projects discussed with ADB 4 days
Mongolia-World Bank cooperation discussed 4 days
New Country Director at World Vision International Organization in Mongolia appointed 4 days
Some territories in Ulaanbaatar identified as special-use lands 4 days
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Repatriation to take place through Altanbulag and Zamyn-Uud border checkpoints 4 days
Project underway in Zavkhan aimag to open factories in every soum 4 days
Repatriation to take place through Altanbulag and Zamyn-Uud border checkpoints 5 days
State Secretary of Foreign Ministry meets Chinese Ambassador 5 days
Mongolian business entities invited to virtual fair to be held in Belarus 5 days
MP J.Chinburen attends international virtual meeting 5 days
Labor Minister meets Australian Ambassador 5 days
Local company producing 30 types of LED lights 5 days
Child welfare system improvement discussed with UNICEF 5 days
Exequaturs granted to honorary consuls 5 days
COVID-19 recoveries increase to 260, no new cases reported 5 days
168 Mongolians arrive from India and Vietnam 5 days
Staff of Hustai National Park provided with apartment 5 days
Implementation of “Green Gateway” temporary regulation to be intensified 5 days
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Measures to support people’s livelihood to continue 5 days
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Health Minister meets Japanese Ambassador 5 days
BoM purchases 2.2 tons of precious metal in July 5 days
Information of standard resorts and camps compiled 5 days
Equestrian statue of Hero of Mongolia M.Ekei erected in Ulgii 5 days
256 citizens return from the United States 5 days
Public transport service to be upgraded with electric and eco-friendly buses 5 days
Measures to support people’s livelihood to continue 6 days
Mongolia-China Strategic Dialogue held virtually 6 days
Comprehensive policy document on human development to be developed 6 days
Project underway to increase flow of Ulz River 6 days
Health Minister meets Japanese Ambassador 6 days
Public open space area landscaping 90 percent complete 6 days
Darkhan Nekhii JSC prepares for export to Russia 6 days
14 peacekeepers make recovery from COVID- 19 6 days
Acting Governor J.Batbayasgalan: Everyone must focus on how expenses can be reduced 6 days
Support breastfeeding for a healthier planet 6 days
Second phase of a project on enhancing social welfare for children with special educational needs to be kicked off 6 days
Liquid egg factory commissioned 6 days
Mongolia-Singapore business meeting to take place virtually 6 days
Culture Minister obliges officials to accelerate Chinggis Khaan Museum construction work 7 days
Mongolian Permanent Representative virtually meets UN Women Deputy Executive Director 7 days
Mongol Ecology Center’s tradition of handing over motorcycles to rangers 7 days
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