On the occasion of the 113th anniversary of the Restoration of National Freedom and Independence of Mongolia, President of Mongolia Khurelsukh Ukhnaa decreed to confer diplomatic titles to individuals who have made weighty contributions to achieving the goals of Mongolia’s foreign policy and demonstrated firm commitment, full dedication, and unwavering responsibility in the discharge of […]
Read MoreThe Ministry of Food, Agriculture, and Light Industry of Mongolia and 10 commercial banks of Mongolia have signed a Financing Agreement for the Working Capital and Investment Loans to Support Wool, Cashmere, and Leather Processing Industry. The Signing Ceremony was attended by Minister of Food, Agriculture and Light of Mongolia Industry Enkhbayar Jadamba, Governor of […]
Read MoreAccording to the Mongolian Customs General Administration, over the first 11 months of 2024, Mongolia earned USD 8.181.5 million from coal exports, which is an increase of USD 250 million compared to the same period of the previous year. The amount of coal exported since the beginning of the year has reached 78,519.7 thousand tons, […]
Read MoreOn December 24, 2024, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai received Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Mongolia Shen Minjuan and Assistant General Manager of “China Energy” Group Kang Fengwei. At the meeting, the two sides exchanged views on the Gashuunsukhait-Gantsmod Cross-Border Railway Project. The Government of the People’s Republic […]
Read MoreDuring its irregular session on December 20, 2024, the Government of Mongolia made a decision to adopt a Resolution on Taking Several Measures on Mongolia’s Sovereign Wealth Fund. Through the Resolution, the Government instructed Minister of Mongolia and Chairman of the Cabinet Secretariat of Government Uchral Nyam-Osor and Minister of Finance Javkhlan Bold to distribute […]
Read MoreTwo companies have launched new products on the Mongolian Stock Exchange. Specifically, “Shunkhlai” LLC started the primary market trading of “Shunkhlai” bonds, while a bell-ringing ceremony for the IPO of “Tenger Daatgal” LLC was held on November 28, 2024. The IPO orders for “Tenger Daatgal” will be accepted through the MSE’s IPO system until December […]
Read MoreDuring its regular session on December 18, 2024, the Cabinet of Mongolia discussed The Law on Pensions provided by the Social Insurance Fund of Mongolia (SIF). The law stipulates that “pension amounts shall be increased annually, starting January 1, 2025, based on the average annual inflation rate of the previous year.” In compliance with this […]
Read MoreEconomic growth in the third quarter of this year was lower than expected, bringing growth rate for the first three quarters to 5 percent, said Byadran Lkhagvasuren, governor of the bank, at a press conference. “This slowdown in growth was primarily driven by weaker-than-expected copper and gold production.” Lkhagvasuren said that the revised forecast reflected […]
Read MoreThe savings in Tugrug, the national currency of Mongolia, reached MNT 20.7 trillion as of the end of October 2024, an increase of MNT 94 billion (0.5 percent.) Compared to the same period of 2023, the total amount of Tugrug savings increased by 5.4 trillion, or 34.9 percent. Of the total Tugrug savings, MNT 17.9 […]
Read MoreTiming couldn’t be better. Rising uranium demand, driven by a nuclear resurgence and geopolitical pressures, strengthens Mongolia’s uranium mining bargaining position. With the nuclear energy law amendments made in November 2024 Mongolia is signalling a sophisticated attempt to unlock its uranium potential while safeguarding national interests. These changes set the stage for a $1.7 billion […]
Read More
