Open discussion held on Ulaanbaatar city budget for 2020
On November 20, an open discussion on Ulaanbaatar city budget for 2020 was organized at the Citizen Hall of the Capital City’s Governor’s Office. As states in the Law on Budget to include proposals and suggestions from its residents when drafting local budgets, the open discussion brought together more than 400 citizens, 40 of them expressed their opinion during the event.
Foreign exchange reserves reaches USD 3.7 billion, eight months of imports
Ulaanbaatar /MONTSAME/. On November 20, the Parliamentary standing committee on economic issues conducted the first discussion of a draft resolution on approval of the State Policy on monetary policy for 2020.
‘Made in Mongolia’ to be organized in New York and Toronto
Export and International Trade Center (EITC) NGO reported that Mongolian entities will participate in ‘Lineapallespring’ international fair to be held in Milan, Italy on February 19-21, 2020.
MNT340 billion disbursed for mortgage
As of November 15, financing worth MNT340.3 billion was disbursed for mortgage purpose to 4905 borrowers in total
‘Climate change adaptation in farming’ conference takes place
While the average temperature of the globe increased by 0.85°C in the past 80 years, the temperature has increased by 2.4°C, which is three times more. However, during this period of time, precipitation did not increase--instead, it decreased, causing the farming conditions of Mongolia to become even harder.
The number of entities increases by 7.9 thousand
As of the 3rd quarter of this year, 184.2 thousand entities were registered in the statistical business database, of which 93.4 thousand or 50.7 percent is operating.
Government to provide support for building meat and food storage facilities
Ulaanbaatar /MONTSAME/. An irregular meeting of the Cabinet today discussed draft decree on ‘Instructing the government’ initiated by the President of Mongolia with a view to ensure safety of meat and food products and decided to convey some proposals to amend some of its articles.
Oil-importing companies to store at least 30 days of petroleum stocks
Ulaanbaatar /MONTSAME/. During the Cabinet meeting held today, November 19, some 22 oil-importing entities were given a task to set aside reserves of crude oil enough for 30-day consumption next year.
Forum on Responsible Artisanal and Small-scale Mining takes place
A Forum on Responsible Artisanal and Small-scale Mining was held today on the occasion of the completion of the Sustainable Artisanal Mining project.
Revenue from railway transport reaches MNT 587.0 billion
In the first 10 months of 2019, 23.0 million tonnes of freight and 2.5 million passengers (double counting) were carried by railway transport. Compared to the same period of the previous year, the carried freight increased by 2.0 million tonnes (9.4%) and the number of carried passengers increased by 304.1 thousand passengers (14.0%).
Harvested potatoes increases by 13.5 percent than last year
According to National Statistics Office of Mongolia, 397.2 thousand tons of grain was harvested nationwide as of November 1. 189.2 thousand tons of potatoes, 91.1 thousand tons of vegetables were harvested as well as 1.1 million tons of hay, 39.6 thousand of fodder plant and 5.3 thousand tons of silage.
Technology to improve leather quality possible to be introduced in Khovd
Specialist of the United Nations Industrial Development Organization (UNIDO) Ralph Abrise, and Consultant at Mongolian Association of Leather Industry Ian Leach worked in Khovd aimag.
Traders concern insufficient legal framework
About 300 thousand citizens work in the trade sector of Mongolia. However, the issue of insufficient legal framework for their rights and duties as well as no state organization in charge of the sector was highlighted at the discussion that took place under the theme, ‘Current state of the trade sector, pressing issues, and its solutions’, on November 14.
Revenue and grants of general budget increase by 25.5 percent in October
In the first 10 months of 2019, total equilibrated revenue and grants of the General government budget amounted to MNT 8.8 trillion and total expenditure and net lending amounted to MNT 8.3 trillion, resulting a surplus of MNT 545.4 billion in the equilibrated balance.
Preparations for World Export Development Forum discussed with ITC
State Secretary of the Ministry of Foreign Affairs D.Davaasuren on November 13 met with Arancha González, Executive Director of the International Trade Centre (ITC).
Gross industrial output increased by MNT38.5 billion in October
In the first 10 months of 2019, the gross industrial output reached MNT 14.6 trillion, showing an increase of MNT 1.7 trillion (13.2%) from the same period of previous year.
State Secretary meets UNCTAD Division Director
State Secretary of the Ministry of Foreign Affairs D.Davaasuren met with James Zhan, Director of the Division on Investment and Enterprise of the United Nations Conference on Trade and Development (UNCTAD) on November 14 and discussed relations and cooperation between Mongolia and the organization.
Trade turnover reaches USD 11.6 billion
In the first 10 months of 2019, Mongolia traded with 148 countries from all over the world and total trade turnover reached USD 11.6 billion, of which USD 6.5 billion were exports and USD 5.1 billion were imports.
Best entities of quality selected
During the National Quality Forum, which was held on November 14 at the Mongolian National Chamber of Commerce and Industry under the auspices of Deputy Prime Minister of Mongolia, the best entities have been named.
Proposal to cooperate in agriculture put forward
On November 14, State Secretary of the Ministry of Foreign Affairs D.Davaasuren met with Mika Vepsäläinen, Chief, Market Access Section, Economic Cooperation and Trade Division, United Nations Economic Commission for Europe (UNECE) and Liliana Annovazzi-Jakab, Head, Agricultural Standards Unit, UNECE.