In the days of Chinngis Khaan, the winner of the annual Naadam festival may have been given a fast horse – now it is a luxury four-wheel drive! Japan’s Toyota Motor Company has been sponsoring Naadam since 2014.

The swearing in of the fifth Mongolian President will take place in the Great Hall of Government House.

D.Uuganbaatar, media man for the Mongolian Parliament, who allegedly released Speaker M.Enkhbold’s private video records and official documents to a social website, had gone missing.

Deputy Prime Minister U.Khurelsukh, who is also in charge of the Naadam 2017 Organising Committee, examined construction work at National Sports Stadium and Khui Doloon Khudag (where the horse racing events take place) with S.Batbold, Mayor of Ulaanbaatar, along with representatives from the General Agency for Specialised Inspection on 6th of July.

Tourism is becoming increasingly important for the Mongolian economy. In the first four months of 2017, tourist arrivals increased by 20 percent compared to the same period last year.

A large number of gazelle have died of thirst because of the drought which has hit most parts of Mongolia this year.

The Green Climate Fund is helping Mongolian enterprises kick start a national, low-carbon energy sector with its completion of a USD 20 million funds transfer to a Mongolian bank.

The EBRD is supporting the integration of Mongolia into the global economy with the provision of a USD 7.6 million financial package to Terra Express, one of the leading local logistics companies.

According to the Law on Celebrating Public Festivals and Memorable Days, July 11th-15th is declared a public holiday when Mongolians celebrate the traditional Naadam festival.

The Mongolian Cabinet ordered Ministries to resolve the controversial issue of the 49 percent of the Erdenet Mining Corporation (EMC) being transferred to government ownership.