The Bank of Mongolia purchases 20 tons of gold
As of December 13, the Bank of Mongolia (BoM) which set a goal to purchase 22 tons of gold this year, bought 20 tons of gold in total.
Trade turnover between Mongolia and Japan doubled
In the first eleven months of this year, trade turnover between Mongolia and Japan has been doubled compared to 2016 when the sides established Economic Partnership Agreement.
Delegates of Mongolian agriculture sector visit Australia
A delegation of 9 people representing Ministry of Agriculture and Light Industry of Mongolia, Mongolian Commodity Exchange and brokers visited Australia on December 6-12.
Some 512.5 million pieces of securities traded at national stock market
The money supply (broad money or M2) reached MNT 18.6 trillion at the end of November 2018, showing an increase of MNT 321.8 billion (1.8 percent) from the previous month and by MNT 3.8 trillion (25.9 percent) from the same period of the previous year.
Foreign trade surplus reaches USD 1.1 billion
In the first 11 months of 2018, Mongolia traded with 155 countries from all over the world and total trade turnover reached USD 11.9 billion, where exports was USD 6.5 billion and imports was USD 5.4 billion.
Price index in Ulaanbaatar increases by 2.2 percent in November
In November 2018, consumer price index at the national level increased by 1.8 percent from the previous month, by 7.5 percent from the end of the previous year and by 8.1 percent from the same period of the previous year.
Gross industrial output increases by MNT 2.3 trillion
In the first 11 months of 2018, the gross industrial output reached MNT 14.1 trillion, showing an increase of MNT 2.3 trillion (19.5 percent) from the same period of the previous year. This increase was mainly due to an increase of mining and quarrying gross output by MNT 1.6 trillion (18.3 percent), of which, mining of coal increased by MNT 1.3 trillion (57.9 percent) and mining of metal ores increased by MNT 175.7 (3.2 percent) billion.
Trade representative office to be established in Tokyo
Chairman of the Japan External Trade Organization (JETRO) Hiroyuki Ishige paid a courtesy call on Prime Minister of Mongolia U.Khurelsukh.
‘Young Entrepreneurs Conference-2018’ to take place
Under the patronage of the President of Mongolia, Office of the President and Mongolian Young Entrepreneurs Council are to jointly organize ‘Young Entrepreneurs Conference’ at the State Palace on December 15.
Projects backed by OECD discussed
State Secretary of the Ministry of Foreign Affairs D.Davaasuren received a delegation led by Project manager of Organisation for Economic Co-operation and Development (OECD)’s Eurasia Competitiveness Program, Gregory Lecomte and exchanged view on the projects already implemented and to be implemented by the organisation.
Revenue of rail and air transports increases respectively
In the first 11 months of 2018, 23.4 million tonnes of freight and 2.4 million passengers (double counting) were carried by railway transport.
Tax revenue increases by 30.8 percent
In the first 11 months of 2018, total equilibrated revenue and grants of the General Government Budget reached MNT 8.2 trillion and total expenditure and net lending amounted to MNT 8.0 trillion.
Constructional project of thermal power plants advances
At its regular meeting on December 12, the Cabinet decided to authorize the Minister of Finance Ch.Khurelbaatar to sign a loan agreement for ‘Project to construct thermal power plant in centers of 10 aimags’ to be established between the Ministry of Finance of Mongolia and the Export-Import Bank of Korea.
G.Zandanshatar meets country representatives of World Bank and Asian Development Bank
Last Friday, G.Zandanshatar, Chief of the Cabinet Secretariat of Government, met with Jean-Pascal N.Nganou, World Bank’s Acting Country Manager and Senior Economist for Mongolia.
First Mongolia-Indonesia business forum held
The first Mongolia-Indonesia business forum took place in Ulaanbaatar on December 7, involving representatives of 17 Mongolian entities and companies and over 10 Indonesian officials and diplomats.
Role of universities in entrepreneurship development increasing
‘Mongolian Entrepreneurship Summit-2018’ kicked off under the theme ‘Role of universities in entrepreneurship development’ today, on December 6.
Delegates of National Crop Farmers Association visit Australia
Farmers representing 14 companies of the Mongolian National Crop Farmers Association visited Australia from November 28 to December 6, 2018.
Mongolia has potential to export far more mutton
Our country has fulfilled over 86 percent of its objectives set in the Action Program of the Government for 2016-2020 to export 50 thousand tons of meat and meat products, highlighted during the discussion themed ‘Opportunities to increase benefit and export of mutton’ took place on December 4 in the Ministry of Food, Agriculture and Light Industry.
Ambassador Tulga attends MINEX Eurasia Forum
Ambassador of Mongolia to the United Kingdom H.E. Mr. N.Tulga has delivered an opening remark at the 7th MINEX Eurasia Mining and Investment Forum on November 23, 2018 which took place in London.
First meeting of Cooperation Sub-Committee of Mongolia-Japan Economic Partnership Agreement held
The first meeting of the Sub-Committee on Cooperation, designated for monitoring the effective implementation of the Mongolia-Japan Economic Partnership Agreement and identifying ways for further cooperation, was held at the Ministry of Foreign Affairs on December 4.
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