Frontier Securities has released its preliminary report on Mongolia’s economy for 2012. The report says Mongolia will export 30 million tons of coal in 2012, with coal export revenue reaching USD 2.75 billion. Mongolian specialists have predicted coal exports will

Ulaanbaatar Mayor G.Munkhbayar received representatives of the China Railway International Economic Corporation on Wednesday. Lu Bo of the corporation said it was interested in working with the city to improve roads and buildings. He also sad the corporation was interested

On Tuesday, Ulaanbaatar city officials received former members of the People’s Great Assembly who ratified the country’s constitution in 1992. In attendance were 312 former members of the People’s Great Assembly, as well as ambassadors, writers, politicians, and lawyers. Mayor

Ever since gasoline prices began rising last Friday, government officials and petroleum importers have offered different explanations for the increase. Some people think it may be linked to DP Chairman N.Altankhuyag’s announcement that the party is pulling out of the

France”s Ministry of Foreign and European Affairs is praising Mongolia’s Parliament for abolishing the death penalty by ratifying the Second Additional Protocol to the International Covenant on Civil and Political Rights.This statement was released by the French Ministry on January

Road, Transportation and Urban Development Minister Kh.Battulga spoke at a meeting of the DP’s National Consultative Committee on Wednesday. Kh.Battulga noted that the coalition government has reported that 82 percent of its programs and projects have been implemented, so there

The DP’s National Consultative Committee is meeting at the Government House. In a note, DP Chairman N.Altankhuyag has stated his rationale for pulling the party out of the coalition government. He reminded the committee of the political situation after the

The DP on Monday demanded the resignation of Mongol Bank President L.Purevdorj, blaming him for the rising prices of gasoline and consumer goods.At a press conference on Tuesday, meanwhile, the Confederation of Trade Unions (CTU), the United Association of Consumer

On January 10, Mongol Bank held a foreign currency auction, selling USD 5.5 million at a rate of MNT 1,410 to one U.S. dollar. Banks tendered to sell USD 2.5 million and to buy USD 5.5 million. The amount sold

Mongol Bank President L.Purevdorj spoke at a meeting of the Standing Committee on Economics on Tuesday. He said Mongol Bank had a foreign currency reserve of USD 2.8 billion, USD 290 million of which has been sold to keep the