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.
Principals in arrears decreased by MNT 24.8 billion from previous year
In the end of December 2019, the amount of outstanding loan to entities, enterprises and citizens amounted to MNT 18.1 trillion, showing an increase of MNT 870.4 billion (5.1%) from the same period of previous year.
Trade of government bonds in secondary markets amounted to MNT 27.9 billion in 2019
In 2019, 450.4 million pieces of securities worth of MNT161.4 billion were traded at the national stock market, which is decreased by MNT 198.7 billion (55.2%) compared to the same period of the previous year.
Tax revenue increased by 18.8 percent compared to previous year
In 2019, general government budget revenue amounted to MNT 11.9 trillion by preliminary results, with MNT 10.8 trillion of which accounted for equilibrated revenue.
Mongolia’s foreign trade surplus reaches USD 1.5 billion in 2019
In 2019, Mongolia traded with 152 countries from all over the world and total trade turnover reached USD 13.7 billion, of which USD 7.6 billion were exports and USD 6.1 billion were imports.
Sales of industrial production reach MNT 20.1 trillion in 2019
By preliminary results of 2019, the gross industrial output reached MNT 17.4 trillion, showing an increase of MNT 1.8 trillion (11.2%) from the previous year.
All types of transport carry 173 million passengers in 2019
At the end of 2019, 69.0 million tonnes of freight were carried in total by all types of transport. Compared to the same period of the previous year, the carried freight increased by 1.2 million tonnes (1.7%).
Proposal made to advance agricultural cooperation with Laos
On January 16, Speaker of the State Great Khural G.Zandanshatar met with President of the National Assembly of the Lao People's Democratic Republic Pany Yathotou.
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.
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.
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.
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.
Government sets out to boost agricultural exports
Ulaanbaatar /MONTSAME/. At its meeting of today, Cabinet resolved to announce 2020 as a year to increase exports.
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.
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.