The MNT30 billion the Government lent to SME projects in 2010 led to 581 factories being established. Total production was increased by 10%, while the processing sector grew by 11.4%, 24% of which was in food, 17% in goods, 35.6%

About 800 representatives of the sector attended a conference of agriculture workers in Darkhan-Uul aimag on April 9. Minister for Food, Agriculture and Light Industry T.Badamjunai opened the conference and described how the sector has been restructured since 2007 when

MP Kh.Temuujin answers our reporter’s questions on a discussion on April 8 on a draft law on advocacy.What is the need to amend the present law?Several of its provisions need to be brought up to date. The ways of the

Minister for Foreign Affairs G.Zandanshatar paid a working visit to the UAE on April 5 and 6 after taking part in the first general assembly of the International Renewable Energy Agency on April 4 and 5 in Abu Dhabi. He

The President of the European Bank for Reconstruction and Development (EBRD), Thomas Mirow, called on Minister for Finance S.Bayartsogt on April 8. Mirow was in the country on the Minister’s invitation. Bayartsogt thanked the EBRD for its help to Mongolian

The Ministry of Social Welfare and Labor, the Confederation of Employers’ Unions and the Confederation of Trade Unions have signed a memorandum on introducing reforms in the pension system. The major areas covered under the trilateral agreement are: studying different

Mongolia will take its cue from the global reaction to Japan’s nuclear disaster before continuing with plans to build atomic power plants, according to the deputy chairman of state-owned nuclear company Monatom. “It will depend on how the world community

The Energy Regulatory Authority has granted special permission to Sainshand Wind Farm LLC to set up a wind farm at a place 15 km away from Sainshand, the center of Dorngobi aimag. The farm will have a 52-mw capacity and

Oyuolgoi LLC is expected to begin production in its copper-gold mine in August 2012, ahead of schedule, according to T. Ganzorig, Deputy Chief of Erdenes MGL which partners with Ivanhoe Mines and Rio Tinto in developing the site. Ganzorig told

Companies in the private sector dominate the recently published 10th annual list of the top 100 businesses in Mongolia, compiled jointly by the Mongolian National Chamber of Commerce and Industry and the Mongolian Government. Ranking is determined by revenue, employment,