The government plans to raise the salaries and pensions of state workers by 53 percent next year. The proposed raise is included in the draft budget that Prime Minister S.Batbold delivered to Speaker D.Demberel last week. If the increase goes

In his speech at
the opening of the autumn session of Parliament on Monday, Speaker D.Demberel
stated his “strong” support for renegotiating the Oyutolgoi development
agreement. He said, “We must consider increasing the Government’s share
up to 50 percent.” The current agreement, ratified two

Mongolians remembered former Infrastructure Minister S.Zorig on the thirteenth anniversary of his assassination on Sunday. President Ts.Elbegdorj and MP S.Oyun, sister of S.Zorig, laid flowers at the statue of the leader of Mongolian’s 1990 democratic revolution, who was stabbed to

A Khan-Uul district court convicted two former state officials of corruption on September 29, and sentenced each to four years in prison. P.Dash, the former head of the National Emergency General Board, and L.Altangerel, the former head of the State

Three former Anod Bank officials convicted of swindling shareholders have been released on bail. N.Davaa, E.Gur-Aranz, and U.Enkhtur released on September 29, after a Bayanzurkh district court hearing.  Since his arrest last May, N.Davaa’s health has deteriorated and he is

A jazz festival will be held in Ulaanbaatar from October 4 to 8. The fifth annual Great Steppe Jazz Festival will open with a gala concert on October 4 in the State Philharmonic Concert Hall. Mongolians and artists from abroad

The Government will deliver the proposed 2012 budget to MPs after an unofficial meeting on Friday. By law, a budget must be delivered annually to MPs before October 1. Parliament is responsible for passing a budget before the end of

The Mongolian Airlines (Miat) flight from Ulaanbaatar to Seoulthat was scheduled to depart at 06.45 on Friday has been delayed due to an unspecified technical problem. The plane is a Boeing 737. Officials say mechanics are working to correct the

The State Emergency Commission held a meeting on Friday to discuss the continuing power problems in the northern part of the country and the harvest. Heavy snowfall on September 28 and 29 caused at least 23 utility poles to collapse

The Mongolian Stock Exchange (MSE) resumed trading shares of Tavantolgoi LC on Thursday.The MSE had stopped trading shares of the stock on July 5, partly due to its high price.There had been 526,652 shares of Tavantolgoi LC, but each share