UN High Representative for Disarmament Affairs to Pay Working Visit to Mongolia
Izumi Nakamitsu, the Under-Secretary-General and High Representative for Disarmament Affairs of the United Nations, will pay a working visit to Mongolia. The visit will take place in the coming days, as Nakamitsu participates in the 8th International "Ulaanbaatar Dialogue" on North East Asian Security Issues, scheduled to be held in Ulaanbaatar on June 15-16.
Triple Increase of Coal Export
Since the beginning of the year, 24,049.4 thousand tons of coal have been exported, and coal export has increased by 18,194.5 thousand tons or three times from the same period of the previous year.
Trade and Economic Forum of CCIs of Mongolia, China and Russia Ongoing
During the two-day forum, the Chambers of Commerce and Industry of the three countries are discussing and exchanging ideas on opportunities for cooperation, trade, and investment within the framework of the Program for Creating the Economic Corridor China - Mongolia - Russia, which is an important document for the development of cooperation between the three countries.
Mongolia Eyes E-commerce to Diversify Its Economy
A UNCTAD assessment shows the country has made progress in laying the foundations of a solid digital ecosystem and charts a path to overcome the challenges ahead.
Finalists Reveal for Global Young Entrepreneurs Pitch Contest
Three African and four Asian youth start-ups will take centre stage at this year’s World Export Development Forum (WEDF), taking place from 26-29 June in Ulaanbaatar, Mongolia. WEDF is the annual flagship event of the lead UN agency supporting small businesses, the International Trade Centre.
Enhancing Financial Knowledge for Sustainable Growth in Mongolia
Last year, approximately 1,700 service providers of MSMEs from 9 districts of the capital participated in the training. This year, the training expanded to include service providers from 21 aimags.
Export of Goods and Raw Materials Increased by 54.5 Percent
In the first five months of this year, our country exported goods and raw materials worth USD 6305.8 million, making an increase of 54.4 percent compared to the same period of the last year.
Prime Minister Oyun-Erdene Meets Elon Musk Online
Yesterday Prime Minister of Mongolia L. Oyun-Erdene held an online meeting with Tesla and SpaceX CEO, and Twitter CTO Elon Musk, and exchanged views on cooperation.
Innovation Partnership Forum-2023
Innovation Partnership Forum-2023 was held yesterday at the Mongolian National Chamber of Commerce and Industry.
Assets of State-owned Companies Increased 2.8 Times in the Last Five Years
Participation and share of state-owned enterprises and companies in the free market economy has been still increasing thus occupying the position of the private sector.
Direct Flights between Bangkok and Ulaanbaatar Launched
The Thai airline company ThaiVietJet has launched direct flights on Bangkok-Ulaanbaatar route on June 4.
The 16th Trade and Economic Forum of CCI’s to be Held
The Forum to be organized under the theme "Cooperation and Partnership of Chambers of Commerce and Industry in the Construction of Economic Corridor" will discuss the operations of free zones, investment, and cooperation, as well as panel meetings will be held on the sectors of agriculture and tourism.
Mongolian and Kyrgyz Banks to Cooperate in Digital Transition
The Bank of Mongolia signed a Memorandum of Cooperation with the Interbank Processing Center (IPC) of Kyrgyzstan aimed at digital transition in the financial sector.
Development Bank Raises USD 75.0 Million by Issuing Private Bonds
In accordance with the Resolution No. 22 of April 24, 2023 of the Board of Directors of the Development Bank of Mongolia, capital equal to USD 75.0 million has been raised from foreign investors by issuing private bonds in OTC market.
XacBank Goes Public
XacBank is offering MNT 677 per share to collect 5.0 percent of its total shares or MNT 35.7 billion. The primary market trading of Xacbank securities will close on June 5 at 4.00pm.
Construction of Cross-Border Railway to Double Exports Begins
The construction of a 7.1 km railway connecting the Mongolian port Shiveekhuren with the Chinese port Sekhe started on May 27. Shiveekhuren border port, located in Gurvantes soum of Umnugobi aimag is a strategically important port through which 48 percent of Mongolian export coal is transported to China.
Goverment Pays Special Attention on Revival of Industrialization
By the initiative of Prime Minister L. Oyun-Erdene, the National Conference on Industrialization has taken place today in the State Palace.
TDB Announces Successful IPO: Orders Exceed the Initial Target of MNT 83.5 Billion
Trade and Development Bank of Mongolia LLC (MSE: TDB) announced the closing of its initial public offering (IPO). The company offered 2,530,047 new shares or 5% of its total issued shares (post IPO) at a price of MNT 33,000 per share (or US$9.55 equivalent) and sought to raise total of MNT83.5 billion (or US$24.2 million equivalent), wherein 85% of which was offered to strategic investors and 15% was offered to the public.
Views Exchanged on Increasing Flights between Mongolia and Russia
Within the framework of the "Years to Visit Mongolia," Minister of Environment and Tourism B. Bat-Erdene received Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Mongolia Yevsikov A.N. and exchanged views on increasing the number of direct flights between Mongolia and Russia.
Panel Meeting on Mongolia Held at EBRD Annual Meeting
During the 32nd Annual Meeting, a panel meeting "The next frontier: Investing in Mongolia's promising future" was held to promote Mongolia's investment climate, and potential investors in mining, agriculture, tourism, and renewable energy were invited and informed about Mongolia's economic situation and investment environment.