The General Manager of
Ulaanbaatar, Ch.Bat, handed over new equipment worth MNT800 million to the
city-owned Ulaanbaatar Road Repair LLC on Thursday. The Director of the company,
D.Bat-Erdene, said the money came from the city budget. Chinese-invested SATAS
LLC has supplied the equipment which

South Korean President Lee
Myun-bak will be visiting Mongolia between August 21 and 23. He was here once
before as Mayor of Seoul.

Diplomatic relations between
Mongolia and the Republic of Korea were established on March 26, 1990. South
Korea opened its Embassy in

Up
to the end of July, the Anti Corruption Authority (ACA) has checked the income
statement of 600 state officials from 20 organizations and found that 55
officials violated the law against corruption, 60 gave incorrect information.
The number of those who have not

Erdenes
Tavantolgoi LLC today sent its first shipment of coal to China Alumium Company
(Chalco) under a recent concluded agreement. Ministers for Mineral Resources
and Energy, D.Zorigt, for Nature, Environment and Tourism, L.Gansukh, a member
of the Representative Managing Council of Erdenes Tavantolgoi LLC,

The National Statistics Office
says the consumer price index at the end of June was year-on-year 6.2% higher
nationwide and 5.5% in the capital. Inflation showed a monthly increase of 0.4%
in the country as a whole and 2.8% in Ulaanbaatar.

Shivee Ovoo LLC will open
Mongolia’s first coal drying factory in the middle of this month. It will also
begin using a new method of moving coal from the mine. Coal with reduced
moisture sells for a higher price and this, together with

Some 70% of the 36,000 foreign
citizens who have been asked to take new residence cards have already done so.
The cards come in different colors to indicate the different reasons for being
in Mongolia. Investors are given cards in grey, students pink,

The price of the less polluting
stoves has been drastically reduced to attract more buyers. Officials of the
Ulaanbaatar Air Pollution Reduction Committee, the Ulaanbaatar Air Quality
Office and Minister for Mineral Resources and Energy D.Zorigt yesterday held a
meeting to discuss the situation

According to projections in the
draft budget for 2012 and the preliminary budgets for 2013 and 2014, GDP will
rise by 16.6% in 2012, 14.8% in 2013 and 15.5% in 2014. Prices are expected to
rise between 8% and 9% between 2012 and

The UN Regional Program
Coordinator of Millennium Development Goals (MDG) in the Asia-Pacific region,
Ms. Anuradha K. Rajivan, and UNDP Senior Economist in Mongolia, Dr. Saurabh
Sinha, yesterday called on the Chief of the Standing Committee on Social
Policy, Education, Culture and Science, D.Ochirbat,