Mongolia engaged in trade worth USD 8.9 billion with China
In 2019, Mongolia traded with China worth USD 8.9 billion which accounts for the 64.4 percent of the total foreign trade turnover and 89.1 percent of a total export.
Ulaanbaatar Economic Forum to be held in February
Public and private entities are to gather at Ulaanbaatar Economic Forum, which will be held on February 7, discussing investment, construction and development of Ulaanbaatar city.
Views exchanged with S.Korean Minister on encouraging small and medium sized businesses
President of Mongolia Kh.Battulga received Ms. Park Young –sun, South Korean Minister of Small and Medium Enterprises and Startups.
President receives World Economic Forum’s President
On January 22, President Kh.Battulga received Mr. Børge Brende, President of the World Economic Forum.
Export of leather and medicinal herbs to Turkey discussed
Minister of Food, Agriculture and Light Industry Ch.Ulaan met with Minister of Agriculture and Forestry of the Republic of Turkey Bekir Pakdemirli.
Introduction of Norwegian Red cow discussed
Taking part in the Global Forum for Food and Agriculture 2020 in Germany, Minister of Food, Agriculture and Light Industry Ch.Ulaan met with Minister of Agriculture and Food of the Kingdom of Norway Olaug Bollestad.
Credit rating agency to be established
The Financial Regulatory Commission (FRC) is working in partnership with the Japan International Cooperation Agency (JICA) on diversifying financial instruments to develop the capital market of Mongolia.
Tourism revenue increases by 10.2 percent
Mongolia received a total of 529.360 tourists in 2018 and it increased by 9 percent or 47.902 in 2019, according to Ulaanbaatar City Tourism Department.
Mongolia’s first automobile ‘MOZO’ to debut in February
Bars Motors company of Mongolia opened a joint automotive assembly plant in Hangzhou, China on December 6 and launched the production of its first automobile.
There are 2789 mining permits nationwide
Ulaanbaatar /MONTSAME/. At the monthly press briefing ‘Transparent and Accountable Mining’, a report on 2019 statistical review of the mining sector was introduced.
Oil extraction increases by 7.6 percent
Oil production reached 6.88 million barrels in 2019, according to preliminary data of Ministry of Mining and Heavy Industry. It increased by 487.42 thousand barrels or 7.6 percent compared with the same period of 2018.
Mining sector contribution to budget reaches MNT 2.6 trillion
Ulaanbaatar /MONTSAME/. The Ministry of Mining and Heavy Industry held today, January 21, a monthly press briefing ‘Transparent and Accountable Mining’. At the conference, Minister of Mining and Heavy Industry D.Sumiyabazar delivered a report on the statistical review of the mining sector for 2019.
Business cooperation expands with India
More than 200 businesses took part in Mongolia-India business forum 'India: Destination of Business Opportunities' that took place yesterday, on January 20 within the framework of the 65th diplomatic anniversary between Mongolia and the Republic of India.
Agriculture Minister meets Director General of World Organisation for Animal Health
Minister of Food, Agriculture and Light Industry Ch.Ulaan met with Monique Eloit, Director General of the World Organisation for Animal Health (OIE) during his working visit to Berlin, Germany.
Ambassadors to promote Mongolian cashmere
Backing up and promoting Mongolian cashmere products to foreign countries connecting with tourism is one of the gateways to increase export.
Vision-2050 document envisages poverty rate to be at 5 percent by 2050
The ‘Vision-2050’ is a policy document, which was formulated by a working group comprising of 1500 people, including scholars, experts and state secretaries of 13 ministries, heads of some government agencies, authorities of universities and representatives of non-government organizations.
Discussion takes place on development of corporate bond market
Since the stock market was established in Mongolia 29 years ago, 16 domestic companies have put their bonds on the market, gathering an investment of MNT 25.6 billion.
'Mongolia-India Business Cooperation' Forum takes place
In frames of the 65th diplomatic anniversary between Mongolia and the Republic of India, ‘Mongolia-India Business Cooperation’ forum has taken place today at the Mongolian National Chamber of Commerce and Industry (MNCCI).
Number of foreign workers with labor contract in Mongolia decreased by 55.6 percent
At the end of December 2019, 4.6 thousand foreign workers from 95 foreign countries were employed with labor contract in Mongolia including persons in employment work for pay or profit and persons in volunteer work without pay or profit.
Savings in foreign currency increased by MNT464.2 billion from previous year
At the end of December 2019, the time deposit in domestic currency amounted to MNT 11.1 trillion, showing an increase of MNT 356.9 billion (3.3%) from the previous month and MNT 923.0 billion (9.1%) from the end of the previous year.