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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.

“Impossible to held two election same day”

Two groups in the parliament DP’s and MPP’s still in keeping different positions toward Local election law. As informed before DP group insisting on to held parliamentary election and local election on same day as said in Election law which

Salary and pension increases

Today’s plenary session of parliament approved amendments to the Budget law for 2012 and Law on Social insurance fund. An amendments will be effective since February 1, 2012. It means salary of state workers and pension for elderly people will

Mongolian Economic forum ends

The Mongolian Economic forum organized on March 5-6 ended yesterday. In closing speech President Ts.Elbegdorj noticed that economic forum getting more widely every year. “We are talking to each other what have to do, it is good sign. But we

President Ts.Elbegdorj congratulates V.Putin

President of Mongolia Ys.Elbegdorj congratulated by phone Vladimir Putin his victory in Presidential election which took place on March 4, 2012. “Russia is our forever neighbor, country with long history. Sincerely congratulate you Dear Putin elected again as President of

Mongolia to Start Marketing Public, State-Backed Bonds March 8

The Development Bank of Mongolia LLC, a state-backed lender, will begin meeting with investors this week to offer dollar-denominated bonds in the country’s first public offering of government-guaranteed foreign debt. The sale, part of the $600 million Euro Medium Term

Mongolia: what drives the togrog?

Before the global financial crisis (GFC), Mongolia’s central bank, Mongol Bank, heavily managed the togrog-US dollar exchange rate. We have ascribed aspects of the economy’s performance, in particular the very rapid growth in the money and credit aggregates, to MB’s

S&P Rates DBM’s Inaugural Issue Of U.S. Dollar Notes ’BB-’

Standard & Poor”s Ratings Services today assigned its “BB-” foreign currency issue rating to the proposed issue of U.S. dollar notes by Development Bank of Mongolia (DBM). The bank”s inaugural issue is a senior unsecured drawdown from its US$600 million

Singapore, Mongolia to work on ICT projects

Singapore and Mongolia have strengthened their relationship, with an agreement to work on Infocomm Technology (ICT) activities and projects to help transform Mongolia into a knowledge-based society.They”ll collaborate in public service infocomm and eGovernment over the next three years. These

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