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Mongolia confiscates 587 cars being used beyond entitlement

Since April, a total of 159 Mongolian high-ranking officials such as directors, deputies and advisors were dismissed from government jobs under the Law on Austerity.

Furthermore, Mongolia has banned officials using government vehicles and confiscated 587 cars, being used beyond entitlement

Mongolia commits to aggressive tightening of Monetary Policy

Today (31 August), Mongolian Cabinet held regular meeting with new structures and new Ministers. Ch.Khurelbaatar, Minister of Economy and Development announced the latest decisions of the Government.

The Government is on a path of tighter monetary policy aimed at bringing inflation, now running

Working as one for the global good

 The global community is confronting a number of unprecedented crises: from the ongoing challenge of COVID-19 variants and stalled efforts on climate change, to supply chain disruptions and Russia’s unprovoked invasion of Ukraine. Now more than ever, China’s increasing rhetorical

Mongolian Cabinet expanded with new Ministers

Today (30 August) as many as 21 ministers took oath in a major Cabinet expansion-cum-reshuffle.  10 new faces were added to Prime Minister L.Oyun-Erdene’s new Cabinet. Therefore, the Cabinet has 4 functional Ministry and 12 Ministers as well as 12

Mongolian government pays USD 135.5 million to settle mining disputes

The Mongolian Copper Corporation (MCC) announced Wednesday it received a payment of USD 153.5 million from the Mongolian government for the Erdenet and Monros mines.

The payment stems from a longstanding dispute surrounding the 49% ownership of the Erdenet and Monros mines, which

Rio Tinto buys Mongolian mine

Australian mining giant Rio Tinto has moved to take full control of Canadian copper miner Turquoise Hill in a deal worth USD 4.85 billion, solidifying its grip on one of the largest known copper and gold deposits in the world.

Rio

The number of wildfires in Mongolia rise by 73 percent

A total of 97 forest and steppe fires have been recorded across Mongolia since the beginning of this year, destroying 1,051,907 hectares of forest and grassland, the country’s National Emergency Management Agency reported.

The number of registered wildfires is up around

South Korea aims to deepen “practical” cooperation with Mongolia

South Korean Foreign Minister Park Jin arrived in Mongolia on Sunday for talks with his Mongolian counterpart on bilateral relations, and regional and global issues.

Today, B.Batmunkh, Minister of Foreign Affairs has received his Korean counterpart Park Jin  and discuss bilateral

EU extends Budget Support for Mongolia

Ambassador of the European Union to Mongolia Axelle Nicaise and Minister of Finance B. Javhlan reinforced the partnership between the European Union and Mongolia, EU delegation to Mongolia.

They signed a document that supports the government policies in the fields of

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