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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.

PM receives Swedish ambassador

Prime Minister S.Batbold received Sweden’s ambassador to Mongolia, Lars Freden, on Tuesday. The officials talked about developing bilateral relations, including trade and economic ties. S. Batbold underlined the two nations’ traditionally friendly relationship, noting that Mongolia opened its embassy in

State budget to be reduced in 2013

The Standing Committee on Budget discussed several budgetary issues on Tuesday and decided to forward them to Parliament.  According to a statement by Finance Minister S.Bayartsogt, the 2012 budget is the first to be drafted after passage of the law

Mongolia to distribute MNT 2.4 trillion to citizens

Parliament’s Standing Committee on Budget discussed next year’s Human Development Fund (HDF) allowance. The MPP and DP will fulfill their 2008 election promise, meaning MNT 2.4 trillion will be distributed to citizens in 2012. According to Finance Minister S.Bayartsogt’s speech,

Forum addresses election issues

Parliament’s Standing Committee on State Structure and the United Nations Development Program (UNDP) jointly organized a forum called “Conflict during Elections: International Experiences and Lessons” in the Government House on Tuesday.Representatives of Mongolian political parties and other organizations attended the

Officials discuss small mining issues

A national forum called “Implementing Legislation on Small Mining” was held at Ulaanbaatar Hotel on Tuesday.Mineral Resources and Energy Minister D.Zorigt, Chief of Mineral Resources Authority D.Batkhuyag, Deputy Representative of Switzerland Development Agency Matias Meir, the governors of aimags, and

B.Lkhagvajav: Tavantolgoi shares should be sold, not given away

The MPP caucus at Parliament discussed the issue of distributing Tavantolgoi LLC shares and decided that 20 percent of the shares should be distributed to citizens. According to the 39th protocol of Parliament, ten percent of the shares are to

Ministry plans to start petroleum reserve

The Ministry of Mineral Resources and Energy is planning to start a MNT 28 billion petroleum reserve in 2012. The move comes as petroleum importers and economists are warning of another financial crisis early next year. It’s also hoped the

Mongolian prosecutors to study in Canada

State Prosecutor General D.Dorligjav received the United Kingdom’s ambassador to Mongolia, Thorda Abbott-Watt, on Monday.Thorda Abbott-Watt said the English government has decided to finance a “prosecutor exchange” with the State Prosecutors’ General Office of Mongolia, in cooperation with the International

Standing committee approves loan from Austria

The Standing Committee on Economics approved a EUR 40 million loan from Austria on Monday.  Mongolia first requested a “soft loan” from Austria in 1991. In 2010, Austria agreed to loan Mongolia the EUR 40 million at a rate of

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