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New Mongolian PM appoints his Cabinet

“The geopolitical situation is becoming increasingly complex. The government decided to immediately begin work and maintain the continuity of state policy. Therefore, a third of the previous government is retained,” G.Zandanshatar said.

State Academic Drama Theatre to launch camera and play project

The State Academic Drama Theatre has announced its launch of a camera and play project to stage seven different plays chosen and adapted by seven authors for this season. For the project the following directors will adapt their chosen works:State

Officials celebrate 22 years of democracy

Today Mongolia marks the 22nd anniversary of the adoption of the 1992 Democratic Constitution. The Government, Parliament Members and Constitutional law makers are expected to show their respects to the Chinggis Khaan monument today at 11:40 am in celebration of

South Korean visa application fee increase

The South Korean Government has increased foreign traveler`s visa application fees from January 2014. Due to the changes in the visa application fees the following changes have been made:- Single entry visa for a stay of no more than 90

Tuquoise Hill makes US$2.4B rights offering

Turquoise Hill Resources, operator of the Oyu Tolgoi copper-gold mine in southern Mongolia, has completed a rights offering expected to gross US$2.4 billion. Slightly more than 1 billion common shares will be issued.The company says it will use the net

Four water sources built for Mazaalai

The Mongolian Government has initiated prompt actions to protect the Mazaalai, or Gobi bear, by establishing a nature reserve to restore a safe habitat, by opening a zoo and setting up a working group to explore ways of increasing the

“Eagle News” becomes official partner with CNN

Mongolia`s news channel “Eagle News” has become an official partner with CNN from 2014. As part of the cooperation deal that was signed between Mongol Mass Media group and Turner Broadcasting System, the head company of CNN in 2013, a

Moody’s Warns on Mongolia’s Banks

Moody’s Investors Service has placed negative outlooks on three Mongolian banks, citing risks from rising bad loans, slower economic growth and a deteriorating operating environment.Moody’s changed its outlook to negative from stable on Khan Bank LLC, Trade, Development Bank of

Bus-1 on strike for second day

Employees of Bus-1, the Capital city own enterprise, are on the second day of strikes since January 8th, 2014. On Thursday morning employees of three other bus companies,  “Tenuun ogoo”, “Tenuun delger” and “Transbus”, that provide public transport service joined

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