Trade between Mongolia and Belarus increase by 22%

2019-01-30

Bilateral trade between Mongolia and Belarus reached $16 million in 2018, which is an increase of 22% from the previous year.

Dubova Yaroslavovna, who is the Deputy General Director for Foreign Economic Activity from the Belarusian Chamber of Commerce and Industry,

Mongolians to get over MNT 120 billion for VAT refund

2019-01-30

Adopted by parliament in July 2015, the VAT incentive law took effect from 2016. According to this law, consumers started to take back money in the form of a rebate that is equivalent to 2% on products they purchased. According

Mongolia works with overseas investigator on Oyu Tolgoi agreement

2019-01-29

Mongolia is working with overseas investigators to investigate claims of corruption at its giant Oyu Tolgoi copper mine. This is following the re-arrest of a former minister suspected of “abuse of power”.

S.Bayartsogt was first arrested last April and released in

MIAT to operate nonstop Ulaanbaatar-Berlin service

2019-01-28

Mongolian Airlines (MIAT) announced that they will be operating a nonstop route between Ulaanbaatar and Berlin, the capital city of Germany. These nonstop flights are expected to start from July or August 2019.

MIAT previously announced that they would be putting its

Mongolia’s foreign debt increased

2019-01-25

Mongolia recorded a 12 percent surge in its total foreign debt during the third quarter of this year, standing at USD 7.24 billion, compared to last year’s third quarter.

Mongolia’s foreign debt during the third quarter amounted to 60 percent of

Xinhua Commentary: Globalization at crossroads of critical choice

2019-01-23

BEIJING, Jan. 22 (Xinhua) — Throughout human memory, the bandwagon of economic globalization has generally been rumbling forward, bringing people across the world ever closer for enormous shared benefits, whether it is powered by animals or algorithms, combustion engines or

MIAT’s new 737 MAX to fly between Ulaanbaatar and Moscow

2019-01-23

MIAT Mongolian Airlines will operate its new Boeing 737 MAX for its service route between Ulaanbaatar and Moscow Sheremetyevo.

In 2017, the leading national carrier MIAT Mongolian Airlines expanded its fleet by leasing two 737 Max aircraft from the global leasing

Mongolian top models to participate in Asian Fashion Festival

2019-01-21

This year’s Asian Fashion Festival, which is a biannual event, will be held in late February in Beijing, China. Mongolia will be represented and 10 top models – led by A.Sarnai & Kh.Badamgerel – will advertise the nation’s brands.

Models from