On November 14, 2024, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai reviewed the detailed report on budgetary and tax policies during his visit to the Ministry of Finance of Mongolia and the General Department of Taxation. Minister of Finance of Mongolia Javkhlan Bold presented that in the 16-year period from 2005 to 2021, the budget revenue […]
Read MoreThe monthly average exchange rate of the US Dollar to Mongolian Tugrug published by the Central Bank of Mongolia in October 2024 was 3392.02, with Tugrug’s value appreciating by MNT 60.5 compared to the same period last year while depreciating by MNT 11.1 from the previous month. The monthly average exchange rate of the Euro […]
Read MoreThe first Social and Green Bond from Mongolia has been issued by the Trade and Development Bank (TDB) for international professional investors. This is the first five-year or long-term bond issued by the private sector since the TDB’s bond, issued in 2015. With the issuance of this bond, TDB has become the first private company in Mongolia to attract investment from Asset Management Company, a TOP 10 in the world. It is […]
Read MoreA Working Group, headed by Deputy Prime Minister of Mongolia Dorjkhand Togmid, is responsible for developing a revised draft Law on Investment and submitting it to the Government of Mongolia and the State Great Khural of Mongolia. The revised draft Law’s objectives are to achieve investment environment stability, foster investment, protect the rights and lawful interests of investors, enhance investment guarantees, and ensure greater […]
Read MoreAs of the end of September 2024, savings in Tugrug, the National Currency of Mongolia, reached MNT 20.6 trillion in total, an increase of MNT 415.7 billion compared to the previous month, and by MNT 5.7 trillion (38.6 percent) compared to the same period last year. Of the total amount of Tugrug savings, MNT 17.6 […]
Read MoreOn the sidelines of the United Nations Climate Change Conference COP29 in Baku, the Republic of Azerbaijan, President of Mongolia Khurelsukh Ukhnaa met with President of the Republic of Azerbaijan Ilham Aliyev on November 11, 2024. At the meeting, President Khurelsukh congratulated President Ilham Aliyev on successfully holding a major United Nations event in his […]
Read MoreOn November 6, 2024, during his working visit to the People’s Republic of China, Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai got acquainted with the operations of the world-renowned “Alibaba Group,” located in Hangzhou. The Premier was welcomed by Ms. Wen Jia Tan, President of Public Affairs at Alibaba Group, and the two sides discussed future […]
Read MoreOn November 7, 2024, Minister of Education of Mongolia Naranbayar Purevsuren received Ambassador Extraordinary and Plenipotentiary of the Czech Republic to Mongolia Jan Vytopil to discuss ways to further expand cooperation in education. Currently, there are 13,569 Mongolian citizens officially registered residing in the Czech Republic, among whom 2,178 are studying at various levels of […]
Read MorePrime Minister of Mongolia Oyun-Erdene Luvsannamsrai held an official meeting with Premier of the People’s Republic of China Li Qiang on November 5, 2024, during his working visit to attend the 7th China International Import Expo in Shanghai, China. The Heads of Government of the two countries exchanged views on a wide range of issues […]
Read MoreNext year, the Government of Mongolia has planned to invest heavily in infrastructure sectors including roads, transportation, and energy. These investments will be made on a regional basis to continue ongoing development projects. In terms of specific sectors, the roads and transportation sectors are set to receive the largest portion, with an allocation of MNT […]
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