D.Batjargal: Mongolia could be a wealthy location for business development


The following in an interview with Dr. D.Batjargal, Professor of Economics and President of the Institute of Finance and Economics about  the state of the economy and investment in Mongolia. Mongolian economic growth reached its highest levels in 2011 and 2012. In that time, foreign investment increased rapidly. But now, the economy’s situation is bleak in… Read more »

Banking sector reports its first deficit

tdb orkhon

The Mongolian banking sector recorded a net loss in January 2016, for the first deficit in its history. The President of the Mongolian Banking Association, O.Orkhon, gave an interview about current banking sector conditions. Can it be said that the banking sector is facing difficult conditions? Active quality and loan issuance at banks has decreased… Read more »

MHPS to refurbish Mongolia’s largest thermal coal power plant


Mitsubishi Hitachi Power Systems Ltd. (MHPS) has received an order to refurbish eight units at the Ulaanbaatar thermal coal-fired power plant No.4, state owned stock company, which is Mongolia’s largest coal-fired thermal power generation plant. MHPS will carry out the refurbishment work in cooperation with MCS International LLC, Mongolia’s largest engineering company. Refurbishment work is… Read more »

Dry coal preparation technology to be introduced in Mongolia


Mongolian Ministry of Mining and Japanese Economy, Trade and Industry Ministry mutually agreed to implement project to introduce dry coal preparation technology system in Mongolia. In scope of the project, Nagata Engineering Co,. Ltd signed Memorandum of Understanding with the Erdenes Tavan Tolgoi JSC on Aug, 2013. According to the MoU, feasibility study for the “Demonstration Project for Dry Coal Preparation Technology System”… Read more »

Nuclear Energy Law to be changed


On 10th February, the proposed alterations to the “Nuclear Energy Law” were presented to the Speaker of Parliament. The main purpose of this legislative project are to replace the state shares in the nuclear field with a special fee for working with radioactive materials and to implement a set licence fee for the sector and… Read more »

Tsagaan Sar vacation will last during Feb 9-11


Tsagaan Sar is celebrated according to the lunar calendar. The date falls anywhere between the end of January and early March in the Gregorian calendar. This year, Bituun or the Tsagaan Sar Eve occurs on February 8th. According to the Law on Celebrating Public Festivals and Memorable Days, the First day of Tsagaan Sar to… Read more »

Russian President ratifies law to write off Mongolia’s debt

Vladimir Putin

The Russian President Vladimir Putin has ratified a law on writing off Mongolia’s USD 174-million debt to Russia according to a document published on the official Russian website for legal information on Sunday, says as quoted the “sputniknews.com” website. The bill was signed in Moscow in December 2010 and it took six years to go… Read more »

Pre-election campaign will commence on June 11


According to the Election Law of Mongolia, any promotional and campaign activities shall commence 18 days before the polling day. This year, pre-election campaign will be conducted from June 11 due to the polling day of 2016 Parliamentary elections will take place on June 29. Election General Commission of Mongolia to register the candidates and hand… Read more »

Ch.Saikhanbileg to remain as Prime Minister


State Great Khural (parliament) of Mongolia discussed Thursday through early Friday the issue of dismissing Prime Minister Ch.Saikhanbileg. The 13th PM of Mongolia won  57.5 percent votes of approval, gaining support of 42 MPs out of 73 participated. The issue was submitted this January 19 by G.Uyanga and 18 other MPs, on the allegation that… Read more »

Mining Minister speaks about policy and plans for gold mining in 2016


The following is an interview with Mining Minister R.Jigjid about gold mining and Gatsuurt. Talks on issuing loans to gold mining companies started two years ago, but no progress has been made so far. Gold miners are still waiting. When will the government address this issue? The government made a decision during the latter part… Read more »

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