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President vetoes Law on 2019 State Budget

President of Mongolia Kh.Battulga has put a veto on the State Budget Law for 2019 and the accompanying legislation and parliamentary resolutions.

The Law on the State Budget for 2019 was adopted by the Parliament on 2 November and forwarded to

Former Mongolian ambassador awarded honourary citizenship of Seoul

The Seoul Metropolitan Government awarded honourary citizenship to 22 foreigners in recognition of their social, cultural and financial contributions to the city at a ceremony held in the Sejong Center for the Performing Arts on Thursday.

Among the 22 people was

Mongolia calls for global attention on climate change

Dramatic temperature changes and extreme weather events in Mongolia have been blamed for the deaths of thousands of livestock in recent years and is believed to be forcing hundreds of families each year to abandon their traditional nomadic farming ways.

SME Fund scandal: MPP replaces leader of parliamentary fraction

Without doubt, the hottest political topic in Mongolia at present is that regarding the Small and Medium Enterprise (SME) Fund, which has been operating under the Ministry of Agriculture and Light Industry. The fund has allegedly been misused to the

Suicide rates cause alarm in Mongolia

Mongolia registered a total of 2055 cases of suicide between 2012 and 2016; this means on average 411 people kill themselves each year. Suicide is 5.2 times higher among Mongolian men (1729) than women (326).

Most importantly, the suicide rate has

Death on Mongolia’s ‘Coal Road’

Kh.Sugar, director of the Citizens’ Representative Assembly has held a press conference regarding the dangerous  situation on the main coal transportation route to China.

Currently, nearly 12000 coal trucks from 161 enterprises are transporting coal on the 239 km road between

Mongolian exports reach USD 5.9 billion

In the first 10 months of 2018, Mongolia traded with 153 countries  worldwide and the total trade turnover reached USD 10.8 billion, with exports of USD 5.9 billion and imports of USD 4.9 billion. In October 2018, exports and imports

Goldlinks enters Zaamar gold mine project

The global gold industry blockchain alliance, Goldlinks, announced the conclusion of a strategic partnership with Erd Khul LLC, a gold mine in Mongolia. The partnership covers cooperation on mining, the creation of gold-backed digital assets, mine acquisitions, and more. The

Mongolian economy grows by 6.4 percent

According to D.Baasan, a specialist at the National Statistic Office, the Mongolian economy grew 6.9 percent in the first 9 months of 2018.

A preliminary estimation indicates that GDP reached MNT 12.8 trillion, a increased of MNT 0.8 trillion (6.4 percent)

Mongolia’s unemployment falls by 2.2 percent

According to the National Statistic Office of Mongolia, the number of people aged 15 and above, who are in work reached 1.3 million in the first 10 months of 2018; a total of 721.1 thousand of them are men and