Gross industrial output increased by 2.0 percent from the previous month
In July 2022, the gross industrial output reached MNT 2.0 trillion, increased by MNT 40.4 billion (2.0%) from the previous month. In July 2022, the sales of industrial products reached MNT 2.8 trillion, increased by MNT 377.4 billion (15.3%) from the previous month.
‘MIK Holding’ JSC presents its report for the first half of 2022
Total assets decreased by 8.8 percent from the same period last year due to the payment of the ‘Oelun’ bond, reaching MNT 3,853.6 billion as of June 30, 2022.
Bank of Mongolia’s economist receives ‘Outstanding Research Award’
Researcher and economist at Bank of Mongolia Boldbaatar Munkhnasan’s publication named ‘Farmland Rental Rate: Does Organic Certification Matter?’ (Co-authored with Joseph P Janzen and Kate Binzen Fuller) has received an ‘Outstanding Research Award’ from the Agricultural and Applied Economics Association in 2022.
113.5 thousand tons of coal exported
3252 containers with 813 vehicles and 113.5 thousand tons of coal were exported through the container transport terminal at Gashuunsukhait port.
Mortgage loans worth MNT 355 billion disbursed
In the first seven months of this year, about 4.5 thousand borrowers received mortgage loans worth about MNT 355 billion through the funding sources of the Bank of Mongolia and commercial banks. In addition, mortgages worth MNT 71.7 billion are being disbursed in August this year, reported the Bank of Mongolia.
Mongolia’s top SDG governing body endorses the draft Integrated National Financing Strategy
UN Joint Programme on “Rolling Out an Integrated Approach to the SDG Financing in Mongolia,” implemented by UNDP in partnership with UNICEF under the leadership of Ministry of Finance with the generous and material support from the Joint SDG Fund, provided extraordinary opportunity to Mongolia for the development of the Integrated National Financing Strategy over the past two years.
BoM purchases 1.7 tons of precious metal in July
In July, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 778.5kg and 650kg of precious metals respectively.The average price of BoM’s purchase of 1 gram of gold was MNT185,224.93 last month.
Cooperation to be developed with S.Korea to improve control system of oil products
Within the framework of the MoU, the parties will cooperate in improving oil quality, standards and control systems, exchanging experiences, creating database as well as conducting a joint research.
Mongolia-Japan business forum to be held
The Embassy of Japan in collaboration with JICA Representative Office and Mongolia-Japan Center for Human Resources Development will organize a Mongolia-Japan Business Forum on August 19.
Mongolia's Recommendation 15 assessment improved
The Chairman, and representatives of the National Security Agency, congratulated and praised Mongolia for its improvements, and its creation of an AML/CFT system.
Cooperation with EU to be intensified
On August 3, Deputy Minister of Food, Agriculture and Light Industry G.Batsuuri received Ambassador Extraordinary and Plenipotentiary of the European Union to Mongolia Axelle Nicaise.
Expansion of investment market and increase of business cooperation opportunities agreed
The parties agreed to expand the investment market and increase business cooperation opportunities, to hold a tripartite meeting with China to increase the volume and network of transit through the territory of China,
World Bank expresses commitment to support in conducting analysis on trade policy reform
The Vice Minister provided information on current economic situation and development policy of Mongolia, including the implementation of the New Recovery policy, as well as the actions in terms of integrating development planning and budget planning.
EPC-1 project of Oil Refinery progressing at 63 percent
‘JMC Projects’ LLC of India as a general contractor of the project and engineers and technical experts of 21 subcontracting companies of Mongolia or a total of 641 people with 250 pieces of equipment are working according to a plan to hand over the project on November 29, 2022.
S&P Global Ratings affirms Mongolia at 'B', outlook stable
S&P Global Ratings affirmed the 'B' Foreign Currency LT credit rating of Mongolia on July 21, 2022. The outlook is stable.
Bank of Mongolia signs MoU with Hungarian central bank
In frames of the visit, authorities of the Bank of Mongolia and Magyar Nemzeti Bank of Hungary signed the Memorandum of Understanding on cooperation.
BoM purchases 6 tons of precious metal
In June, the gold purchase of the Bank of Mongolia (BoM) was 1,962.6 kg, raising the BoM’s total precious metal purchase of 2022 to 7.9 tons. The figure shows a decrease of 16 percent as compared with the same period of the previous year.
Mongolia now has a roadmap for the sustainable development of the cashmere sector
By the initiative of the European Union funded “Sustainable Textile Production and Ecolabelling project (STePEcoLab)”, the “Roadmap for the Sustainable Development of the Mongolian Cashmere Sector - 2030” has been developed in collaboration with relevant ministries, agencies, professional associations and experts.
“Mongolia is on the same level as developed countries for its development of IT and communications sector”
“InvesCore’s achievements will serve as a stepping stone for many more Mongolian companies to enter the foreign market”
B.Turmunkh: I illustrated 60 pieces for the updated version of ‘The Secret History of Mongols’