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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Ch.Batzaya: Eagle-holding Kazakh man on horseback, towering Altai Mountains perfect combination
Mongol Ecology Center: Children tend to care more about the nature and environment than adults