Economy
World Bank Group announces up to USD12 billion support for COVID-19 country response
As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to and, where possible, lessen the tragic impacts posed by the COVID-19 (coronavirus). 
1933 days
State Bank signs MoU to cooperate with Development Solutions NGO
Through ‘Development Solutions’ NGO, the United States Agency for International Development (USAID) is implementing many projects towards the improvement of SME’s access to credit.  
1933 days
Mongolia imported 541.5 thousand tons of gasoline in 2019
Mongolia imported 541.5 tons of gasoline in 2019, according to the statistics of Mongolian Customs General Authority.
1933 days
Mongolian and Belarusian entrepreneurs to cooperate
President of Mongolian National Chamber of Commerce and Industry (MNCCI) O.Amartuvshin met with Deputy Chairman of Belarusian Chamber of Commerce and Industry (BelCCI) Sergei Nabeshko in Minsk, Belarus.
1935 days
Gold purchase increases 10-fold
 As of first two months of 2020, the Bank of Mongolia purchased total of 4.3 tons of gold, of which 952 kg of gold was purchased in February. The figure represents the increase of 856 kg compared with February, 2019 which was 96 kg.
1935 days
MNT 44 billion disbursed for mortgage
In February 2020, mortgage loans worth MNT 44 billion were disbursed to 634 borrowers.
1935 days
Old note of MNT 20 thousand started to be drawn back
By the order of the central bank governor, banknotes of MNT 20 thousand issued in 2006, started to be drawn back from circulation from March 1.
1935 days
ADB to help modernize vegetable production, irrigation in Mongolia
Ulaanbaatar /MONTSAME/. The Asian Development Bank (ADB) has approved $40 million in loans to support the modernization of government-owned irrigation networks and vegetable production in Mongolia.   
1935 days
Shares of 'Ulsyn Ikh Delguur' and 'LendMN NBFI' increase in price
On February 28, 2020, 240,147 shares of 22 firms worth MNT 39,396,598 were traded. 5 companies’ shares increased in price and 17 companies' shares declined.
1938 days
Coal and petroleum export to resume from March 15
At its regular meeting held today, the Cabinet adopted a resolution on supporting the economy of Mongolia in period of heightened state of readiness for prevention of coronavirus infection.
1938 days
Export reached USD 459 million in January
Mongolia has engaged in trade with 103 countries and exported goods to 42 countries. The export decreased by 24.4 percent compared with January 2020.
1938 days
30.9 million head of livestock expected to deliver offspring
 There are over 70 million heads of livestock in the country as of today, of which 30.9 million are expected to deliver young animals, reported the Ministry of Food, Agriculture and Light Industry.  
1938 days
Coal and petroleum export postponed until March 15
At its meeting on February 26, the State Emergency Commission resolved to put off coal and petroleum export until March 15, which was planned to commence from March 2.
1939 days
Oyu Tolgoi to Proceed to International Arbitration on Tax Dispute
On February 20, Turquoise Hill Resources announced that Oyu Tolgoi LLC (Oyu Tolgoi) has been unable to reach a resolution of its previously-announced dispute with the Mongolian Tax Authority (MTA) with respect to the MTA’s tax assessment, and will be proceeding with the initiation of a formal international arbitration proceeding in accordance with the dispute resolution provisions within Chapter 14 of the Oyu Tolgoi Investment Agreement (Investment Agreement) entered into with the Government of Mongolia in 2009 and Chapter 8 of the Oyu Tolgoi Underground Mine Development and Financing Plan entered into with the Government of Mongolia in 2015. 
1945 days
MIAT cancels flights to Bangkok and Tokyo
Due to Covid-19 outbreak in China, MIAT Mongolian Airlines yesterday announced its cancellation of flights to/from Bangkok and Tokyo until March 29.   
1946 days
MIAT selects Sabre to drive ambitious growth plans for 2020 and beyond
Ulaanbaatar /MONTSAME/. Sabre Corporation, a leading travel technology provider based in Southlake, Texas, yesterday announced a new alliance with national carrier MIAT Mongolian Airlines.
1947 days
Parliament Speaker and Central Bank Governor meet with businesspeople
Ulaanbaatar /MONTSAME/. On February 18, Parliament Speaker G.Zandanshatar and Governor of the Bank of Mongolia B.Lkhagvasuren met with representatives of some domestic business companies to discuss about challenges arising due to suspension of schools and public activities and restrictions in border movement amid coronavirus outbreak in the world. 
1947 days
Moody's announces completion of a periodic review of ratings of Mongolia
Moody's conducts periodic reviews through portfolio reviews in which Moody's reassesses the appropriateness of each outstanding rating in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. 
1948 days
83.2 percent of the sales of mining and quarrying production exported
By the preliminary results of January 2020, the gross industrial output reached MNT 1.1 trillion, showing a decrease of MNT 191.4 billion (14.5%) from the same period of the previous year. 
1948 days
Deficit in trade balance reaches USD 14.3 million
In January 2020, Mongolia traded with 116 countries from all over the world and total trade turnover reached USD 932.3 million, of which USD 459.0 million were exports and USD 473.3 million were imports. 
1948 days
Mongolian Writers to Take Part in Beijing International Book Fair 17 hours
Mongolian Darts Player Tergel Khurelkhuu Tops the World Rankings 18 hours
Prime Minister of Mongolia Appoints Ministers 19 hours
Prime Minister Presents Nominees for Members of the Government to President of Mongolia 1 day
Gankhaich Wins Bronze Medal at World Judo Championships 1 day
State Great Khural Members Meet IMF Staff Team 1 day
Mongolian Boxers Win 16 Medals at the World Boxing Cup European Series 2025 1 day
Mongolia Promotes Its Culture at the Festival of Embassies in Prague 3 days
Mongolia to Cooperate with the United Kingdom in the Field of Mineral Resources 3 days
Open-Air Museum to Be Established on the Ruins of Old City of Kharakhorum 3 days
GMIT Celebrates Graduation of Eighth Cohort 3 days
“Mongol-B” Team Wins Gold Medal at the World Rapid and Blitz Team Championships 3 days
General Department of Taxation Awarded Silver Gender Equality Seal 3 days
Young People with Disabilities Launch Advocacy Campaign 3 days
This Week in Mongolia 3 days
Reconstruction of Kharkhorin City Begins 3 days
Early Detection for Autism Spectrum Disorders to Be Improved 6 days
Mongolian and International MMA Fighters to Participate in the “Khangarid Cup” 6 days
Uilstuguldur Altankhuyag Appointed Chief of Staff of the Office of the President of Mongolia 6 days
Mongolia-People’s Republic of China Joint Border Commission Agrees on Infrastructure and Security Priorities 6 days
“Chopiniana” and “Paquita” Ballets to be Staged at the Mongolian State Academic Theatre of Opera and Ballet 6 days
372 Athletes Will Receive Ranking Points for the Los Angeles 2028 Olympic Games 6 days
“Morin Khuur” Play Named Best at Baikal Mascot International Theater Festival 6 days
34th Prime Minister Zandanshatar Gombojav Receives Government Seal of Mongolia 6 days
People's Artist E. Amartuvshin Named One of the World's Top Five Opera Singers 6 days
Gold, Mined by Artisanal and Small-Scale Miners of Mongolia to Be Supplied to International Jewelry Companies 6 days
Zandanshatar Gombojav Appointed as Prime Minister of Mongolia 6 days
Student Police to Provide Assistance and Information for Tourists in Ulaanbaatar 7 days
Center of Excellence for English Language Teaching Opens in Ulaanbaatar 7 days
FIDE World Rapid and Blitz Team Chess Championships 2025 Underway 7 days
Standing Committee on State Structure Approves Proposal to Appoint Zandanshatar Gombojav as Prime Minister 7 days
President of Mongolia Submits Proposal to Nominate Zandanshatar Gombojav as Prime Minister of Mongolia to Parliament 7 days
Construction Work on 41 Hectares of Selbe Sub-Center Project Open for the Private Sector 7 days
Asia Folk 2025 Festival to Be Held for the Seventh Year in Ulaanbaatar 7 days
Lawyer Robert Painter: “It’s a Joy to See the T-Bataar Back Home and Smiling Happier Than Ever” 7 days
“Khasyn Khuleguud” Team Advances to the Semifinals of the Basketball Champions League Asia 2025 7 days
Asia Reference Center for Election Observation to Be Established in Mongolia 7 days
Mongolia Participates in the 113th Session of the International Labor Conference in Geneva 7 days
Draft Law on Amendments to the Law on the State Great Khural Submitted 7 days
Playtime Festival to Welcome 100,000 Attendees 7 days
Mongolian Boxers Claim Twelve Medals at World Boxing Cup European Series 2025 7 days
Mongolia Celebrates Buddha Day Nationwide 8 days
Mongolian Basketball Team “Xac Broncos” Advances to Basketball Champions Asia Quarterfinals 9 days
Mongolian Judokas to Compete in the 2025 World Judo Championships Depart for Budapest 9 days
“Danshig Naadam - Khuree Tsam 2025” to Be Held on June 27-29 9 days
Ministry of Environment and Climate Change of Mongolia and the Global Land Initiative to Cooperate in Combating Desertification and Land Degradation 9 days
Silver Gerege Discovered on the Territory of Mongolia for the First Time 9 days
Buddha Day: A Day of Compassion, Empathy, and Loving Kindness 9 days
Honorary Reception Commemorating 75 Years of Mongolia-Poland Relations Held 9 days
Contract for the Construction of Gashuunsukhait-Gantsmod Cross-Border Railway Signed 9 days
Aviation Meteorological Center Introduces ISO 9001:2015 Quality-Management System 9 days
MPP Nominates Zandanshatar Gombojav for Prime Minister of Mongolia 9 days
Mongolian Youths to Study U.S. Political Systems Under MUNCEP-2025 10 days
Davaadalai Tumendalai: Solid Construction Waste Can Be Recycled and Put Into Economic Circulation as Gravel and Aggregate 10 days
“Students' Grove” Established at NUM Training and Research Center in Kharkhorin 10 days
Mongolian Chess Players to Compete in the FIDE World Rapid and Blitz Team Chess Championships 10 days
The "Mongolian Gallery" Exhibition Opens in Calgary City of Canada 10 days
The "Czech Villadom" Project to Provide Green Housing for 40 Households Launches 10 days
Legal Regulations Protecting Taxpayers’ Rights and Interests Enforced 10 days
Acting Foreign Minister of Mongolia Receives Non-Resident Ambassador of Oman to Mongolia 10 days
Third State Central Hospital Introduces Surgery for Deep-Seated Brain Tumors 10 days
This Week in Mongolia 10 days
Honorable Mr. Ban Ki-moon Donates MNT 180 Million in Support of the “Billions of Trees” National Movement 12 days
Impressions and Insights of the Distinguished Guests of the Sustainability Dialogue 2025 12 days
Strings of the Soul: Fiddleland Ensemble in Concert 13 days
State Great Khural to Prioritize Strengthening Legislation Against Cybercrime 13 days
Construction of Ulaanbaatar Cable Car Project in Progress 13 days
President of Mongolia and the 8th UN Secretary-General Plant Trees in Peacekeepers' Grove 13 days
Ulemj Damiran: Countries are Focusing on Energy System Security 13 days
Muralee Thummarukudy: Mongolia Hosting COP17 Will Be a Turning Point for Global Rangeland Action 13 days
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