Economy
Iron ore being exported by trucks through Khangi-Mandal
The Ministry of Road and Transport Development reports that mining products are being exported through four border checkpoints, namely Bayankhoshuu, Khangi-Mandal, Gashuunsukhait, and Shiveekhuren. 
37 minutes
Two airports to be commissioned in Khentii aimag next year
Ulaanbaatar /MONTSAME/. New airports are planned to be put into operation in Dadal and Undurkhaan soums, Khentii aimag, reports Minister of Road and Transport Development L.Khaltar.
44 minutes
Coal mining companies request mining royalty to be reconsidered
On October 25, representatives of coal mining companies and entities held a discussion under the theme, ‘Standard Rate and the Mining Royalties’, on taxes and corresponding fees for coal at the Mongolian National Chamber of Commerce and Industry.
18 hours
Harvest running at 74 percent
According to the Ministry of Food, Agriculture and Light Industry, 439 thousand tons of grains have been harvested from 297.5 thousand hectares nationwide as of last week.
22 hours
Long-term government policy needed for Mongolia’s investment environment
During a press conference on October 22, executive members of the Mongolian-European Cooperation Chamber of Commerce and Industry (EuroChamber Mongolia) highlighted that a long-term government policy is necessary for the country’s economy and business environment in order to boost foreign investment in Mongolia.
1 day
Sea buckthorn factory opens in Uvs aimag
A new factory of sea buckthorn jam has been put into operation in  Ulaangom, the capital of Uvs aimag
2 days
Coal being transported from Mongolia to be loaded onto trains at Gantsmod border checkpoint
A request has been put forth to the side of China for quickly organizing works to transport about 4,500 containers to be delivered to Mongolia that have accumulated at the Tianjin Port, reports Head of the Railroad and Maritime Transportation Policy Implementation and Coordination Department at the Ministry of Road and Transport Development B.Artur during a press conference on October 21.
5 days
FIRST CREDIT INFORMATION BUREAU LAUNCHED
The creative disruption of the fourth industrial revolution echoes across every sector of the economy, especially apparent in the financial industry. Private companies are evolving to provide efficient, transparent, and smart ecosystems for their customers, enabling lower costs and more timely financial services. Following the start of several successful fintech and cyber services, the first Credit Bureau license was granted by Mongolbank (Central bank of Mongolia) to Buren Score LLC.
6 days
Representatives of 30 entities participate in Mongolia-Ukraine business meeting
During the Mongolia-Ukraine business meeting themed ‘Bilateral cooperation prospect’ held virtually at the Mongolian National Chamber of Commerce and Industry (MNCCI) on October 19, it was highlighted that it has become necessary to bring cooperation between the two countries to a new level.
7 days
8th meeting of Eastern Europe, Central Asia Policy Initiative held virtually
Alliance for Financial Inclusion (AFI) organized the 8th Eastern Europe Central Asia Policy Initiative (ECAPI) Expert Group on Financial Inclusive Policy (EGFIP) meeting, on October 14, 2021. The meeting focused on providing feedback and updates on the development of 2021 deliverables, and finalizing the 2022 action plan.
7 days
Coal export increased by 60 percent
Coal export to China is constantly growing. In the last three weeks, a total of 6,919 trucks and 2,017 wagons of coal crossed the border, which means it has risen by about 60 percent compared to the three weeks in August to September.
7 days
Balance of payments to be in surplus of USD200 million
The central bank considers that the economy is expected to have a 5.9 percent growth next year, which will be mainly due to the post-pandemic recovery of non-mining sector. It is also stated in a draft Basic Guidelines for 2022 State Monetary Policy that direct foreign investment and export earnings will support internal circulation, highlighted Governor of the Bank of Mongolia B.Lkhagvasuren at the meeting with the press on October 18.
7 days
Coal trucks passing through Shiveekhuren border checkpoint increases
The border committee reported that further agreements are planned to be reached on ensuring the normal operations of coal transport, and increasing coal export in phases.
8 days
EBRD and EU support Mongolian flour producer’s exports
Asia is home to diverse and vibrant culinary cultures.
11 days
The number of foreign workers increased by 9.4 percent from the previous quarter
 In the third quarter of 2021, 5.8 thousand foreign citizens from 74 foreign countries were working in Mongolia with labor contract with the purpose of earning wage and income or voluntarily without purpose of earning wage and income.
12 days
Equilibrated revenue increased by 52.2 percent compared to previous year
According to the preliminary results in the first 9 months of 2021, the total revenue of the general government budget was MNT 11.1 trillion, increased by MNT 3.8 trillion (52.2%) compared to the same period of previous year. The equilibrated revenue of the general government budget was MNT 9.7 trillion increased by MNT 3.0 (44.2%) trillion compared to the same period of previous year.
12 days
Securities worth MNT 1.1 trillion traded at national stock market in first nine months
In the first 9 months of 2021, 523.6 million pieces of securities worth MNT 1.1 trillion were traded at the national stock market, increased by MNT 1058.1 billion (31.4 times more) and 313.5 million pieces of securities (2.5 times more) compared to the same period of the previous year.
12 days
Gross industrial output increased by 22 percent from previous year
By the preliminary result of the first 9 months of 2021, the gross industrial output reached MNT 13.7 trillion, increased by MNT 2.5 trillion (22.0%) from the same period of the previous year. This increase was mainly due to MNT 1.7 trillion (22.0%) increase in mining and quarrying gross output and MNT 655.5 billion (25.4%) increase in manufacturing output. Also, the electricity, thermal energy and water supply production output increased by MNT 100.3 billion (11.8%) and the water supply, and sewerage, waste management, and remediation activities production output increased by MNT 18.3 billion (18.4%) from the same period of the previous year.
12 days
Export decreased by 8.9 percent compared to previous month
In the first 9 months of 2021, Mongolia traded with 147 countries from all over the world, and the total trade turnover reached USD 11.5 billion, of which USD 6.4 billion were exports and USD 5.1 billion were imports.
12 days
Asia Pharma LLC joins ‘Blue Ribbon’ programme
On October 14, the EBRD welcomed Asia Pharma LLC to the ‘Blue Ribbon’ programme. With their entry into the programme, AsiaPharma LLC became the 59th company to join the Blue Ribbon globally and 4thfrom Mongolia.
12 days
COVID-19: 1,669 cases, 12 deaths recorded in 24 hours 13 minutes
Iron ore being exported by trucks through Khangi-Mandal 37 minutes
Two airports to be commissioned in Khentii aimag next year 44 minutes
Minister for Foreign Affairs delivers a congratulatory message 1 hour
Coal mining companies request mining royalty to be reconsidered 18 hours
92 activities being carried out within Mongolia-Russia diplomatic anniversary 20 hours
‘The Mongol Empire’ digital hall opens at National Museum of Mongolia 21 hours
N.Sodbileg wins silver medal at world championship 21 hours
Harvest running at 74 percent 22 hours
Women MPs hold meeting with UNDP Resident Representative 22 hours
Founder of Mongolian television in the U.S. appointed as Mongolia’s Cultural Envoy 22 hours
Deputy Foreign Minister receives Czech Ambassador 22 hours
Minister of Culture meets Ambassador of DPRK 1 day
COVID-19: 1,231 new cases, 11 deaths reported 1 day
Long-term government policy needed for Mongolia’s investment environment 1 day
Academic conference on Mongolia-UN cooperation takes place 1 day
Mongolia-Eurasian Economic Union cooperation discussed 1 day
Meeting held on gas pipeline project 1 day
Weekly review of parliamentary activities on October 18-22 1 day
Number of patients under treatment at home decreases 1 day
Parliament adopts bill on ratification of the Treaty on the Prohibition of Nuclear Weapons 1 day
Stock Exchange weekly review /Oct 18-22/ 1 day
Mongolian students win award from international photography festival 1 day
COVID-19: 1,095 new cases, six deaths reported 1 day
Russian Deputy PM A.L.Overchuk pays courtesy call on Prime Minister L.Oyun-Erdene 1 day
Sea buckthorn factory opens in Uvs aimag 2 days
The online European Film Festival 2021 launched 2 days
COVID-19: 1,321 new cases, 17 deaths reported 3 days
COVID-19: 1,733 new cases, 17 deaths reported 4 days
Deputy PM holds official meeting with his Russian counterpart 5 days
Warm daytime temperatures expected over the weekend 5 days
Capital city governor holds meeting with Ambassador of Turkey and TIKA representatives 5 days
Coal being transported from Mongolia to be loaded onto trains at Gantsmod border checkpoint 5 days
Prime Minister holds telephone conservation with heads of Russian Railways and Rosneft 5 days
Mongolia and Russia: Yesterday’s trustworthy friend and tomorrow’s reliable partner 5 days
Foreign Minister delivers opening remarks at 'Model UN' 5 days
COVID-19: 1,719 new cases, 19 deaths reported 5 days
‘Mandala – Temple of Secret Tantra’ exhibition opens in Tartu 5 days
Memorandum of Understanding on cooperation signed 5 days
10th contingent of Mongolian peacekeepers arrive home from South Sudan 5 days
Agreement on trade and economic cooperation with Azerbaijan signed 5 days
Biofriendly infrastructure building: Anti-poaching efforts for elephants 5 days
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"Renewable energy sources in Mongolia will be urgently increased" 6 days
"Renewable energy sources in Mongolia will be urgently increased" 6 days
Inclusive classroom environment created at new school built through JICA project 6 days
EU supports young people and CSOs through “All for YOUth, YOUth for all” project 6 days
Bulgan aimag to cooperate with Gyeonggi province of ROK 6 days
President U. Khurelsukh: Mongolia is ready to cooperate with the EBRD in all aspects to combat desertification 6 days
Newly-elected legislators take oath as parliament members 6 days
COVID-19: 1,744 new cases, 16 deaths reported 6 days
INVITATION TO BID 6 days
New ADB energy policy to support energy access and low-carbon transition in Asia and Pacific 6 days
Cabinet meeting news in brief 6 days
FIRST CREDIT INFORMATION BUREAU LAUNCHED 6 days
UN Week launches 7 days
Representatives of 30 entities participate in Mongolia-Ukraine business meeting 7 days
Feasibility study being carried out for Ulaanbaatar’s fifth thermal power plant 7 days
National committee in charge of climate change and reduction of desertification established 7 days
Greece hands over Olympic flame to Beijing 2022 organizers 7 days
8th meeting of Eastern Europe, Central Asia Policy Initiative held virtually 7 days
University complexes to be established in rural areas 7 days
EBRD to implement green growth project in Ulaanbaatar 7 days
Second phase of Earthquake disaster protection project to be implemented 7 days
ADB project team works in Dornogobi aimag 7 days
Deputy Speaker of Parliament meets her Russian counterpart 7 days
Energy efficient houses to reduce greenhouse gas emissions 7 days
Coal export increased by 60 percent 7 days
'100 years of Mongolian-Russian cooperation' international scientific conference held 7 days
Balance of payments to be in surplus of USD200 million 7 days
COVID-19: 2,153 new cases, 17 deaths reported 7 days
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