Economy
Oyu Tolgoi 2019 fourth quarter production and 2020 guidance released
Ulaanbaatar /MONTSAME/. Turquoise Hill, who focuses on the Oyu Tolgoi mine development in Mongolia through its 66 percent of stakes, today announced fourth quarter 2019 production for Oyu Tolgoi as well as operational and financial guidance for 2020.
2144 days
Mongolian carriers become able to make transport to 16 countries
As a result of active work of the Ministry of Road and Transport for developing international road transport relations with European Union member states, conditions created to make transport with 16 countries, exchanging a letter of consent on conducting transportation.
2145 days
Mongolia welcomes 577.3 thousand tourists last year
The National Statistical Office reported that a total of 6.1 million passengers (double counting) have crossed the border of Mongolia in 2019, showing a decrease of 5.5 thousand or 0.1 percent.
2145 days
Erdenet Thermal Power Plant produced 324 million kw/h electricity in 2019
Orkhon /MONTSAME/. Thermal Power Plant of Erdenet Mining Corporation started electricity electricity two years ago. In 2019, the plant fulfilled its electricity supply plan by 100.1 percent, providing a total of 324 million kw/h of electricity. 
2145 days
World Bank East Asia Pacific Regional Vice President visits Mongolia
Ulaanbaatar /MONTSAME/. The World Bank Vice President for East Asia and Pacific, Victoria Kwakwa, concluded a two-day official visit to Mongolia on January 14.
2147 days
Shadow economy fluctuates at 9.2-15.7 percent of GDP
Ulaanbaatar /MONTSAME/. The National Statistical Office of Mongolia released a report on research made on the informal economy of Mongolia between 2015 and 2018. The report shows that the share of shadow economy in the country’s GDP has been fluctuating at around 9.2 – 15.7 percent in the last decade. 
2147 days
Free zones to be discussed
Current state, future, and the development of Zamyn-Uud, Altanbulag, and Tsagaannuur free economic zones will be broadly discussed on January 16.
2147 days
Mongolian products placed in Chinese online trading center
Over 100 types of products of Mongolian entities have been placed in Ho Tao online trading center in Bayannur city of Inner Mongolia Autonomous Region of China under circumstances to pay tax after sale.
2147 days
Import increases by 4.3 percent in 2019
Mongolia imported materials and products worth USD 6.1 billion in 2019 which increased by 4.3 percent compared with 2018, according to Mongolian Customs General Administration (MCGA).
2147 days
Mongolia joins Addis Tax Initiative
Ulaanbaatar /MONTSAME/. The Addis Tax Initiative (ATI) has welcomed Mongolia as its newest member. In its press release, the ATI acknowledged Mongolia’s commitment to increasing domestic revenue mobilization (DRM) towards sustainable development. 
2147 days
Development plan for knowledge economy introduced
At the initiative of the Mongolian National Chamber of Commerce and Industry, the Speaker of Parliament G.Zandanshatar held a meeting with businessmen on January 11, exchanging views on timely issues and economic development of the country.
2148 days
EBRD finances major infrastructure project in Mongolia
Regional integration and international trade between Mongolia, China and Russia will be boosted by the completion of a major infrastructure project supported by the EBRD.
2148 days
Issues on Ulaanbaatar-Darkhan road extension construction discussed
Ulaanbaatar /MONTSAME/.  Minister of Finance Ch.Khurelbaatar and Minister of Road and Transport Development B.Enkh-Amgalan met with Mr. Mookiah Thiruchelvam, Project Administration Unit Head of the Asian Development Bank’s Resident Mission in Mongolia. 
2151 days
New land valuations and tax payment system introduced
Land valuations, payment and tax system has been introduced into use.
2151 days
Central bank reports on outstanding pension loan balance
Ulaanbaatar /MONTSAME/. Concerning the issue of one-time cancellation pension-backed loan debts proposed by the National Security Council of Mongolia, which is under discussion at a parliament level, Bank of Mongolia today presented the latest pension loan balance report. 
2152 days
Day of Exporters created
The Government of Mongolia attaches great importance to the promotion of exports, in particular the increase of production of non-mining products’ export, and implements step by step policy measures. 
2152 days
InvesCore Group to partner with China’s Alibaba Group
On January 8, InvesCore Financial Group of Mongolia and China’s Alibaba Group signed a cooperation agreement on establishment of Business Center in Mongolia. 
2152 days
Foreign exchange reserve increases, reaching its highest level
Mongolia’s foreign trade profit has grown up and reached USD 1.5 billion in the first 11 months of 2019. 
2152 days
Airfares for four routes by MIAT lowered
Ulaanbaatar /MONTSAME/. As reported It has been recently reported that Mongolian national flag carrier MIAT Mongolian airlines lowered its fares by 15-37 percent. 
2153 days
Mongolian businessmen to visit Shizuoka prefecture
A meeting between Mongolian businessmen and administration of Shizuoka prefecture of Japan will be held on January 15-19 in Shizuoka prefecture and Tokyo, Japan.
2153 days
Enkhriilen Secures Mongolia's Second Silver Medal at Abu Dhabi Grand Slam 11 hours
Mongolian Judoka Ariunbold Wins Silver at Abu Dhabi Grand Slam 20 hours
Parliament Approves Five-Year Development Guidelines of Mongolia for 2026-2030 20 hours
Investment and Trade Agency Hosts Session to Boost Foreign Investment 22 hours
‘Mongolia-UK Infrastructure Forum’ Discusses Digital Construction 1 day
MONTSAME Set to Welcome Korean-language to its Editorial 1 day
Parliament Reviews Amendments to the Tobacco Control Law 1 day
President of Mongolia Khurelsukh Ukhnaa to Pay State Visit to Holy See 1 day
Ministry Urges Restrictions on Mass Celebrations, Sports, and Cultural Events 1 day
President of Mongolia Khurelsukh Ukhnaa to Pay State Visit to Italy 1 day
Mongolia Accelerates Digital Compliance Ahead of 2028 FATF Evaluation 1 day
Ulaanbaatar Targets 50 Percent Waste Recycling by 2040 2 days
Ulaanbaatar Metro Construction to Commence in 2026 2 days
Mongolia-Japan Public-Private Sectors Hold XII Consultative Meeting 3 days
Mayor Nyambaatar: ‘Construction of Tuul Highway to Begin in March 2026’ 3 days
Mongolia Wins Two Medals at Tokyo 2025 Deaflympics 3 days
Foreign Minister Battsetseg Meets Ambassador of Tajikistan to Strengthen Bilateral Ties 3 days
Australia Marks 101st Anniversary of Republic and First Constitution of Mongolia 3 days
Prime Minister Appoints New First Deputy Prime Minister and Minister of Food, Agriculture and Light Industry 3 days
'Khuvitai Khun' Brings Greek Non-Fiction Literature to Mongolian Readers 3 days
Munkhsukh Sukhbaatar to Lead Oyu Tolgoi as Chief Executive Officer 3 days
Open Day Held at Center for Sports Medicine and Research 3 days
Government Allocates MNT 1 Billion for Overtime Incentives of Medical Staff 3 days
Mongolia Joins Global Campaign to End Tech-Facilitated Gender-Based Violence 3 days
MIAT Representative in Seoul Awarded 'Honorary Citizen of Seoul' 3 days
Mongolian Citizenship Oath Ceremony Held for the 23rd Year 4 days
Mongolia Advances Regional Integration with Three CAREC Document Signing 4 days
Mongolia Observes Republic Proclamation and First Constitution Anniversary 4 days
Mongolia, China to Cooperate in Animal-Derived Raw Material Processing 5 days
Thermal Power Plant 5 Targets Cleaner Air, Reliable Energy for Ulaanbaatar 5 days
Parliament Considers Draft Resolution on Severe Weather Support 5 days
Ulaanbaatar Receives 2,200-4,400 Tons of Semi-Coke Fuel Daily 5 days
Mongolia Secures Two Freestyle Wrestling Bronzes at Tokyo 2025 Deaflympics 5 days
Regulation Amended to Allow One-Time Assistance to Be Granted to Civil Servants’ Heirs 5 days
National Discussion on Political Finance Integrity 5 days
Mongolia Elected to UNESCO World Heritage Committee for 2025-2029 5 days
Tehran Celebrates Mongolian National Pride Day 6 days
Unveiling the Marvel of Mongolia’s Bone Carving Heritage 6 days
Mongolian Director Wins NETPAC Award at Tallinn Black Nights Film Festival 6 days
State Lion Batmagnai Wins ‘Chinggis Khaan’ Cup 6 days
‘Script of the Eternal Sky 2025’ 14th Exhibition Opens 6 days
Young Talent Shines at the National Adult Chess Championships of Mongolia 6 days
Mongolia, Switzerland Sign Climate Agreement at COP 30 6 days
Mongolian Artist Crowned Winner of ‘Silk Way Star’ Song Competition 6 days
Deputy PM Led Working Group Reviews Operations of Tsagaannuur Free Zone 6 days
Mongolia Presents UNESCO Recognized Heritage 6 days
GDP per Worker Reaches MNT 6.2 Million 6 days
This Week in Mongolia 6 days
Mongolia, Russia Sign MoU to Deepen Financial Cooperation 6 days
PM Zandanshatar Orders Deployment of Additional Resident Doctors 6 days
Commemorative Stamp Honors Legacy of First Spiritual Leader Zanabazar 8 days
Mongolia Celebrates National Pride Day Honoring Chinggis Khaan 9 days
President Awards Order of Chinggis Khaan to Academician Narangerel 9 days
Chuluun Sampildondov: Museum Aims at Contributing to Reshaping Global Perspectives on Chinggis Khaan 9 days
Mongolian Olympic Committee Honors Sporting Excellence 10 days
Schedule Updated for Bus Route to Chinggis Khaan International Airport 10 days
Mongolia, South Korea Advance Bilateral Agenda 10 days
Mongolia and Indonesia Hold First Business Forum 10 days
Mongolia, South Korea Intergovernmental Committee Holds Session 10 days
Foreign Minister Highlights ‘Physical: Asia’ as Boost to Mongolia’s International Image 10 days
MPP Group Backs Uchral for Speaker of Parliament 10 days
Porcelain Exhibition Opens in Honor of Factory’s 70th Anniversary 10 days
Education Infrastructure: 12 Schools, 24 Kindergartens set for 2025 Launch 10 days
MPP Conference Holds First Session, Elects New Leadership 11 days
Mongolia’s Social Development Achievements Highlighted at Doha Summit 11 days
Mongolia Seeks Closer Infrastructure, Humanitarian Cooperation with SCO Member States 11 days
UN Adopts Mongolia’s Resolution on Rural Women 11 days
China Donates Clinical Training Facility to Pediatric Rehabilitation Center 11 days
Prime Minister Zandanshatar Meets Chinese Premier Li Qiang 11 days
Prime Minister Zandanshatar Meets Russian President Vladimir Putin 11 days
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