A unique portrait of Mongolian President Kh.Battulga, created by young artist A.Khairat from Bayan-Ulgii aimag has been sold for MNT 5 million at an auction held during a New Year party.

Mongolia has been participating in the Winter Olympics since 1964. This year two Mongolian athletes are expected to take part in the Pyeongchang-2018 Winter Olympic Games.

Mongolia is constructing a new international airport located to the south of the capital Ulaanbaatar. The new airport will provide better safety and reliability, good links to the city and will contribute to the economic development of Mongolia.

An exhibition entitled “technological solutions for decreasing air pollution’ opened at the State House on Wednesday (3 January). The event was organised by the Ulaanbaatar city administration with support from the Mongolian government.

Trade between China and Mongolia continued to boom in 2017, and exports and imports in two major border crossing in north China’s Inner Mongolia Autonomous Region registered new highs, local authorities said on Tuesday.

The Mongolian Rail Workers’ Trade Union is protesting against the increased tax rate on personal income that came into effect on 1 January 2018. Under the three-year-arrangement with the International Monetary Fund (IMF), the government agreed to increase the income tax rate of individuals with a monthly salary of more than MNT1.5 million incrementally from 15, 20, and 25 percent.

The head of the Erdenet Mining Corporation (EMC) trade union spoke on Wednesday (3 January) regarding the increase of personal income tax which came into effect starting from 1 January, 2018.

Traders from the ‘Thousand Cars’ Auto Market clashed with the police on Wednesday near Ulaanbaatar railway station. A large number of protesting auto-traders were arrested during the incident which took place ahead of the planned clearing of the site.

On Tuesday, the Bank of Mongolia, which is the country’s central bank, reported that as of December 27th, 2017, Mongolia’s foreign exchange reserves reached three billion U.S. dollars, which has increased three times in the past twelve months.

B.Choijilsuren, who used to be Finance Minister, was named as a Person of the Year in the Social and Political Sector at the Golden Rose Award Presentations.