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Economic forum to discuss risks of commercial loans

Minister for Finance S.Bayartsogt answers some questions from our journalist.What is special about this year’s Mongolia Economic Forum to be held on March 2-3?We hope it will be even more successful than last year’s inaugural forum. This year’s theme is:

Ministry faults meat stocking work

Monitoring officials from the Ministry of Food, Agriculture and Light Industry have found several flaws with the work of companies responsible for stocking 12,000 tons of meat for Ulaanbaatar, for retail sale. Some companies have not supplied the contracted meat

Kuwait to build children’s hospital

Prime Minister S.Batbold today told a meeting of senior health officials that Kuwait will help build a children’s hospital in Ulaanbaatar at a cost of USD35 million, according to an agreement reached during his recent visit to that country. Emphasizing

340 households to be moved to provide land for transmitters

A subcommittee on energy under the President’s Office today reviewed reports on measures now to be taken to reduce air pollution, following Parliamentary approval of a proposal to reduce electricity rates for households in ger districts. Altogether 350 sub transmitters

MCS cannot import methanol for its coal gas production

MCS Holding has begun work on setting up a plant to produce coal gas for heating. Its study of possible alternatives to raw coal concluded that coal gas would be the most appropriate and cost-effective choice. The company will implement

Chinese Foreign Minister calls on Elbegdorj

Chinese Foreign Minister Yang Jiechi yesterday called on President Ts.Elbegdorj to apprise him of the thrust of his talks with Mongolian Foreign Minister G.Zandanshatar regarding strengthening of the bilateral strategic partnership. The President thanked China for its grant of a

Bayan Mongol Ensemble performance on March 8

Bayan Mongol Ensemble of the State Philharmonic will present a special performance at the Hall of the State Philharmonic on March 8, which is International Women’s Day. The program will feature popular songs from the Ensemble and others.Singers Sh.Chimedtseye, D.Enkhzul,

Mongol Livestock Program adopts 5-point plan for 2011

The National Committee of the Mongol Livestock Program met yesterday to review its work in 2010 and to adopt a work plan for the present year. The Program covers some 170,000 households and organizes trainings for herders. The committee has

20 companies to take part in railway construction

The Ministry of Road, Transportation and Urban Development has indicated that it will distribute the work of building the 1,100-km Tavantolgoi-Tsagaan suvarga-Zuunbayan-Sainshand-Choibalsan railway among 20 companies. The target is to get the railway ready in two years.

More gold in Mongol Bank

With the repeal of the 68% windfall profit tax from January 1, 2011 the chances of more gold being deposited in the Mongol Bank are brighter. The Bank bought 224.7 kg of gold up to February 18, 132 kg or

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