Coal being exported through Khangi-Mandal and Gashuunsukhait border checkpoints
Between Mongolia and China, goods and products are imported and exported through eight border checkpoints. 60 percent of import products are brought into the country through the Zamiin-Uud border checkpoint.
Mongolian Stock Exchange updates TOP-20 index composition
In accordance with the ‘Regulation on Securities Price Index Calculation’ of the Mongolian Stock Exchange, the composition of the TOP-20 index has been renewed for the year of 2022 based on the performance of the stocks in 2021.
Detailed exploration to be conducted at Asgat deposit
At its meeting on January 21, Parliamentary Standing Committee on Industrialization approved a resolution on giving direction to the Government of Mongolia.
Cooperation to be expanded with Russia in light industry
Deputy Minister of Food, Agriculture and Light Industry G. Batsuuri held a meeting with Russian delegates headed by Director for Commerce at Russkaya Kozha JSC Dmitry Kruglov.
Inbound foreign passengers decreases by 41.4 percent
In 2021, 643.4 thousand passengers (in repeated counting) crossed the border of Mongolia, decreased by 672.7 thousand or 51.1 percent compared to the previous year.
Revenue from all types of transport increases by 2.2 percent
At the end of 2021, 49.2 million tons of freight were carried in total by all types of transport. Compared to the same period of the previous year, the carried freight was decreased by 11.1 million tons (18.5 percent). This decrease was mainly due to the 12.5 million tons (41.0 percent) decline in road transport freight.
Railway construction in western and eastern region to be intensified
At its regular meeting on January 19, the Cabinet instructed 'Mongolian Railway' state-owned shareholding company to carry out the construction work of the western and eastern cross-country railways under the build-transfer-operate type of concession contract, reports Minister of Road and Transport L.Khaltar.
Employment support loan continue to be issued
The Ministry of Finance has announced that it will continue to provide soft loans to support jobs this year in the framework of the ‘MNT 10 trillion Comprehensive Plan for Health Protection and Economic Recovery’.
National currency in circulation reaches MNT 1.1 trillion
According to the preliminary results, the national currency in circulation reached MNT 1.1 trillion at the end of December 2021, increased by MNT 20.3 billion (1.9 percent) from the previous month, and increased by MNT 114.1 billion (11.5 percent) from the same period of the previous year.
Foreign workers in Mongolia decrease by 2.4 percent
In the fourth quarter of 2021, 5.6 thousand foreign citizens from 77 foreign countries were working in Mongolia with labor contract with purpose of earning wage and income or voluntarily without earning wage and income. The number of foreign workers decreased by 136 (2.4 percent) from the previous quarter.
Financing system to be built to support non-mining export
On January 14, CEO of Development Bank of Mongolia N. Manduul and President of Mongolian National Chamber of Commerce and Industry O. Amartuvshin signed a Memorandum of Understanding on cooperation.
General government budget expenditure increased by MNT 1.7 trillion in 2021
According to the preliminary results at end of the 2021, the total revenue of the general government budget was MNT 14.3 trillion, increased by MNT 3.8 trillion (36.5 percent) compared to the previous year. The equilibrated revenue of the general government budget was MNT 12.7 trillion increased by MNT 3.2 (34.1 percent) trillion compared to the previous year.
Foreign trade balance in surplus of USD 2.4 billion in 2021
In 2021, Mongolia traded with 159 countries from all over the world, and the total trade turnover reached USD 16.1 billion, of which USD 9.2 billion were exports and USD 6.8 billion were imports
Total sales of stocks increased by 10.6 percent last December
Today, the National Statistics Office of Mongolia introduced socioeconomic situation for December, 2021.
Mongolia’s economy projected to grow by 2.1 percent in 2022
World Bank initially projected Mongolia's economic growth to expand by 3.5 percent in 2021. However, it lowered the forecast by 2.4 percentage in its previous forecast released in June, 2021. It was noted that the rising inflation rate put significant pressure on the country’s economy in addition to the risks of new variants of COVID-19 and external debt.
Mongolia’s 2020 poverty rate estimated at 27.8 percent
The National Statistics Office (NSO) of Mongolia and the World Bank announced December 30, 2021 their joint official poverty rate estimation for 2020. The two organizations have collaborated on poverty measurement based on household consumption surveys since 2002.
Altan shireet industrial and technology park to open in 2025
‘Boldtumur Eruu River’ LLC is building the Altan shireet Industrial and Technology Park in Altanshiree soum of Dornogobi aimag between 2019 and 2025.
Mining Minister meets Turkish Ambassador
Minister of Mining and Heavy Industry G.Yondon held a meeting with Ambassador of Turkey to Mongolia Zafer Ateş on January 11 to discuss Mongolia-Turkey relations and cooperation in mining.
Transport resumes for containers with import goods and products
Transportation has resumed for containers with imported goods and products that accumulated at the Erlian border checkpoint of China for three months. In order to create the conditions to have uninterrupted transport of goods under pandemic circumstances, a ‘Zero Point’ was established between the borders of Mongolia and China.
B.Turmunkh: I illustrated 60 pieces for the updated version of ‘The Secret History of Mongols’
D.Sumiyabazar: Law on Legal Status of Ulaanbaatar City has been successfully amended after 27 years