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Home prices rise 15 to 30 percent

Mongolia’s booming housing sector was the subject of a forum held last week in Ulaanbaatar. The three-day forum was organized by the Ministry of Roads, Transportation and Urban Development. Among those attending the event were Kh. Battulga, the minister of

Entrepreneurs eligible for low-interest loans

The Mongolian government has started a MNT 300 billion bond issue to support small businesses and the nation’s wool and cashmere industries. Last week, MNT 26.7 billion of the bonds were sold on the Mongolian stock exchange. Under the terms

High-ranking Chinese Communist Party official to visit Mongolia

A high-ranking Chinese Communist Party official will visit Mongolia this week. Zhou Yongkang is the head of the party’s powerful Central Political and Legislative Committee, which oversees government legal policy and the legislative agenda. Officials say his visit will strengthen

Foreign Minister: No nuke waste talks with U.S. vice president

At the invitation by Prime Minister S. Batbold, United States Vice President Joseph Biden is visiting Mongolia today. Officials say the visit is meant to foster good relations between the two nations. But some activists are suspicious that the vice

South Korean president visits Mongolia

South Korean President Lee Myung-bak began his official visit to Mongolia on Sunday. This is the third time a South Korean leader has visited Mongolia since the two countries established diplomatic relations 21 years ago. In his meetings with Mongolian

Mongolian defense officials tour Russian weapons factories

Three high-ranking Mongolian defense officials toured weapons factories in Russia on August 16. Defense Minister L. Bold and two members of the Standing Committee on Security and Foreign Policy, R. Amarjargal and E. Munkh-Ochir, visited a weapons and military aviation

International investors coming to Mongolia

Leading figures in the international mining, banking, and investment worlds will descend on Mongolia next month. They’ll be here on September 8 and 9 to take part in “Discover Mongolia,” a forum on the country’s burgeoning mining sector. Several international

Anti-nuclear-waste demonstration in Ulaanbaatar

An anti-nuclear-waste rally will be held in Ulaanbaatar on Friday. Organizers say they are opposed to any efforts to store nuclear waste in Mongolia. Groups participating in the rally include the Green Coalition, Freedom Observer Party, People’s Union to Require

Forum on Tavantolgoi deposit held

A forum on the development of the Tavantolgoi coal deposit was held at the Civil Hall at the Presidential Office in Ulaanbaatar on Thursday. Mongolia has been shipping coal from Tavantolgoi to China for three weeks. During the discussion, some

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