Economy
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.  
2096 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.
2096 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.
2098 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.
2098 days
MNT 44 billion disbursed for mortgage
In February 2020, mortgage loans worth MNT 44 billion were disbursed to 634 borrowers.
2098 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.
2098 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.   
2098 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.
2101 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.
2101 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.
2101 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.  
2101 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.
2102 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. 
2108 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.   
2109 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.
2110 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. 
2110 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. 
2111 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. 
2111 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. 
2111 days
Non-performing loans in banking system increased by 0.6 percent
At the end of January 2020, the total amount of outstanding loans to entities, enterprises and citizens amounted to MNT 18.1 trillion, increased by MNT 871.7 billion (5.1%) from the same period of the previous year.
2111 days
‘Mongolia-UK Infrastructure Forum’ Discusses Digital Construction 17 hours
MONTSAME Set to Welcome Korean-language to its Editorial 17 hours
Parliament Reviews Amendments to the Tobacco Control Law 18 hours
President of Mongolia Khurelsukh Ukhnaa to Pay State Visit to Holy See 19 hours
Ministry Urges Restrictions on Mass Celebrations, Sports, and Cultural Events 19 hours
President of Mongolia Khurelsukh Ukhnaa to Pay State Visit to Italy 19 hours
Mongolia Accelerates Digital Compliance Ahead of 2028 FATF Evaluation 19 hours
Ulaanbaatar Targets 50 Percent Waste Recycling by 2040 1 day
Ulaanbaatar Metro Construction to Commence in 2026 1 day
Mongolia-Japan Public-Private Sectors Hold XII Consultative Meeting 1 day
Mayor Nyambaatar: ‘Construction of Tuul Highway to Begin in March 2026’ 1 day
Mongolia Wins Two Medals at Tokyo 2025 Deaflympics 1 day
Foreign Minister Battsetseg Meets Ambassador of Tajikistan to Strengthen Bilateral Ties 1 day
Australia Marks 101st Anniversary of Republic and First Constitution of Mongolia 1 day
Prime Minister Appoints New First Deputy Prime Minister and Minister of Food, Agriculture and Light Industry 1 day
'Khuvitai Khun' Brings Greek Non-Fiction Literature to Mongolian Readers 1 day
Munkhsukh Sukhbaatar to Lead Oyu Tolgoi as Chief Executive Officer 1 day
Open Day Held at Center for Sports Medicine and Research 1 day
Government Allocates MNT 1 Billion for Overtime Incentives of Medical Staff 2 days
Mongolia Joins Global Campaign to End Tech-Facilitated Gender-Based Violence 2 days
MIAT Representative in Seoul Awarded 'Honorary Citizen of Seoul' 2 days
Mongolian Citizenship Oath Ceremony Held for the 23rd Year 3 days
Mongolia Advances Regional Integration with Three CAREC Document Signing 3 days
Mongolia Observes Republic Proclamation and First Constitution Anniversary 3 days
Mongolia, China to Cooperate in Animal-Derived Raw Material Processing 4 days
Thermal Power Plant 5 Targets Cleaner Air, Reliable Energy for Ulaanbaatar 4 days
Parliament Considers Draft Resolution on Severe Weather Support 4 days
Ulaanbaatar Receives 2,200-4,400 Tons of Semi-Coke Fuel Daily 4 days
Mongolia Secures Two Freestyle Wrestling Bronzes at Tokyo 2025 Deaflympics 4 days
Regulation Amended to Allow One-Time Assistance to Be Granted to Civil Servants’ Heirs 4 days
National Discussion on Political Finance Integrity 4 days
Mongolia Elected to UNESCO World Heritage Committee for 2025-2029 4 days
Tehran Celebrates Mongolian National Pride Day 5 days
Unveiling the Marvel of Mongolia’s Bone Carving Heritage 5 days
Mongolian Director Wins NETPAC Award at Tallinn Black Nights Film Festival 5 days
State Lion Batmagnai Wins ‘Chinggis Khaan’ Cup 5 days
‘Script of the Eternal Sky 2025’ 14th Exhibition Opens 5 days
Young Talent Shines at the National Adult Chess Championships of Mongolia 5 days
Mongolia, Switzerland Sign Climate Agreement at COP 30 5 days
Mongolian Artist Crowned Winner of ‘Silk Way Star’ Song Competition 5 days
Deputy PM Led Working Group Reviews Operations of Tsagaannuur Free Zone 5 days
Mongolia Presents UNESCO Recognized Heritage 5 days
GDP per Worker Reaches MNT 6.2 Million 5 days
This Week in Mongolia 5 days
Mongolia, Russia Sign MoU to Deepen Financial Cooperation 5 days
PM Zandanshatar Orders Deployment of Additional Resident Doctors 5 days
Commemorative Stamp Honors Legacy of First Spiritual Leader Zanabazar 7 days
Mongolia Celebrates National Pride Day Honoring Chinggis Khaan 8 days
President Awards Order of Chinggis Khaan to Academician Narangerel 8 days
Chuluun Sampildondov: Museum Aims at Contributing to Reshaping Global Perspectives on Chinggis Khaan 8 days
Mongolian Olympic Committee Honors Sporting Excellence 9 days
Schedule Updated for Bus Route to Chinggis Khaan International Airport 9 days
Mongolia, South Korea Advance Bilateral Agenda 9 days
Mongolia and Indonesia Hold First Business Forum 9 days
Mongolia, South Korea Intergovernmental Committee Holds Session 9 days
Foreign Minister Highlights ‘Physical: Asia’ as Boost to Mongolia’s International Image 9 days
MPP Group Backs Uchral for Speaker of Parliament 9 days
Porcelain Exhibition Opens in Honor of Factory’s 70th Anniversary 9 days
Education Infrastructure: 12 Schools, 24 Kindergartens set for 2025 Launch 9 days
MPP Conference Holds First Session, Elects New Leadership 10 days
Mongolia’s Social Development Achievements Highlighted at Doha Summit 10 days
Mongolia Seeks Closer Infrastructure, Humanitarian Cooperation with SCO Member States 10 days
UN Adopts Mongolia’s Resolution on Rural Women 10 days
China Donates Clinical Training Facility to Pediatric Rehabilitation Center 10 days
Prime Minister Zandanshatar Meets Chinese Premier Li Qiang 10 days
Prime Minister Zandanshatar Meets Russian President Vladimir Putin 10 days
Food Revolution Boosts Gazar Shim Capacity Twofold 10 days
Mongolian Team Fights for the Grand Prize in ‘Physical: Asia’ 10 days
Mongolia Seeks Closer Infrastructure, Humanitarian Cooperation with SCO Member States 10 days
Ministry of Environment, UN to Advance Public-Private Partnership 10 days
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