New ADB Country Director for Mongolia Assumes Office
The Asian Development Bank (ADB) has appointed Mr. Pavit Ramachandran as its new Country Director for Mongolia. As the head of the country office, he will work as the primary operational link for activities between ADB and the government, the private sector, civil society stakeholders, and development partners.
Invest in Mongolia forum takes place in Shanghai
With the aims to promote Mongolia’s business, trade and investment opportunities to foreign countries, ‘Invest in Mongolia’ Forum took place in Shanghai, China.
Project agreements worth CNY 300 million established
The National Development Agency of Mongolia organized ‘Mongolia-China Yangze River Delta Innovation and Cooperation Forum’ in partnership with Shanghai Yangpu Administration Office, Municipality of Erenhot, China, Shanghai Foreign Investment Promotion Center and Erenhot Trade Center.
MNCCI Representative Office opens in Germany
Chairman of the Mongolian National Chamber of Commerce and Industry paid a visit to the Federal Republic of Germany at the invitation of President of Chambers of Commerce and Industry German city of Cottbus Peter Kopf.
European Cooperation Chamber of Commerce and Industry opens in Mongolia
The official opening of the Mongolian-European Cooperation Chamber of Commerce and Industry (EuroChamber Mongolia) took place on November 8.
Prime Minister visits oil field of "Petro China Daqing Tamsag"
Prime Minister of Mongolia U.Khurelsukh got acquainted with the operation of oil extraction of 'Petro China Daqing Tamsag' company from fields 19 and 21.
U.Khurelsukh: Bichigt-Khuut industrial park should be established based on Sukhbaatar aimag
As a part of his working visit in the eastern region, Prime Minister of Mongolia U.Khurelsukh worked in Sukhbaatar aimag. During the meeting, he expressed that the railway industrial park en route Bichigt-Khuut that will pass through the eastern region of Mongolia should be established based on the aimag.
Business officials visiting Germany
Under the EU-funded Trade Related Assistance of Mongolia (TRAM) project, representatives of the Mongolian National Chamber of Commerce and Industry (MNCCI), Ministry of Foreign Affairs, Ulaanbaatar Customs Administration, Odi Tan LLC, Khanbogd Cashmere LLC, and Sor Cashmere LLC are paying a working visit to the Federal Republic of Germany.
'International Distributors in Mongolia' trade fair approaching
Ulaanbaatar /MONTSAME/. From 8 to 11 November, the sixth ‘International Distributors in Mongolia – 2019’ trade fair will be jointly organized by Misheel Expo LLC, Progress, Harmony and Development Chamber of Commerce and Industry of India (PHDCCI) and Siberian Association of the Russian Federation for International Cooperation with the support of General Agency for Specialized Inspection, National Standardization Metrology, General Taxation Authority, Customs General Administration.
Mongolian delegation attends ‘Metals and Mining’ conference
State Secretary of the Ministry of Mining and Heavy Industry G.Nandinjargal took part in ‘LSEG EMEA Metals & Mining’ international conference, held in London on November 1 and gave a keynote speech ‘Spotlight on Mongolian Mining Industry’.
Turquoise Hill announces completion of Oyu Tolgoi underground mine Shaft 2
Ulaanbaatar /MONTSAME/. Turquoise Hill Resources, owner of 66 percent of the Oyu Tolgoi mine in Mongolia, released a news report announcing that Shaft 2 construction is complete and has entered into the final stages of commissioning.
Macroeconomic risks to be discussed at upcoming Risk Forum – 2019
Ulaanbaatar /MONTSAME/. On November 13, Risk Forum of Mongolia – 2019 to be held aimed at identifying risks facing the Mongolian social, economic and business fields, discussing the ways to manage them with involvement from professional organizations and preventing from further risks.
Mongolian delegation participating in China Int’l Import Expo 2019
A delegation led by Minister of Mining and Heavy Industry D.Sumiyabazar is participating in the second China International Import Expo being held in Shanghai, China on November 5-20.
Geologists keep abreast with Oyu Tolgoi mine development project
Mongolian geologists crucial part of discovery of Oyu TolgoiAn establishment of the first national mining and mineral fund at the then-Ministry of Industry and Construction in 1939 marks the beginning of history of the Mongolian geological sector, which has grown as an independent industry of the country up to the present moment, providing coverage of various geographical exploration and studies encompassing the whole territory of Mongolia.
Mongolian cosmetics manufacturers to enter the European market
On November 1, the EU-funded Trade Related Assistance of Mongolia (TRAM) project and the Mongolian Cosmetics Cluster NGO co-organized the ‘Mongolian Cosmetics Cluster partnership event’ at the Mongolian National Chamber of Commerce and Industry (MNCCI).
‘Water and Mining’ Data Hackathon sparks a range of innovations in Mongolia
IFC, a member of the World Bank Group, in partnership with BHP Foundation and Unread Media, hosted the ‘Water and Mining’ Data Hackathon at the Hub Innovation center recently.
International meeting on best practices in corridor development wraps up
International meeting on Best Practices in Corridor Development and Management for the Benefit of LLDCs and Transit Countries, which was co-organized by the Ministry of Foreign Affairs and the United Nations successfully wrapped up on November 1.
World Savings Day marked
On October 31, an event was organized to mark the World Savings Day, that aims to enhance financial education of young people and the public and promote planned personal financial management and good savings habits, under the motto ‘Let’s economize and save up!’
Gold purchasing declines by 27 percent
As of first ten months of 2019, the gold purchase of the Bank of Mongolia (BoM) was 12.9 tons, which means the amount of gold purchase decreased by 4.9 tons or 27 percent compared with the same period of previous year.
World Financial History Museum opens in Mongolia
Economist U.Ganzorig opened on October 23 the ‘World Financial History Museum’ that displays numerous rarest and authentic financial instruments by mankind. It makes Ulaanbaatar to be one of few capitals of the world to have financial history museum.