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Money supply up

The National Statistics Office has said consumers’ price index in January increased by 3% over December and 13.8% in over January, 2010. Besides inflation, cash supply, cash in citizens’ hand and loan amounts have also increased. According to the Mongol

Coal transport damages roads, leading to fatal accidents

The Professional Inspecting Agency has blamed the recently increasing number of road accidents in Umnugobi aimag on the deterioration of road conditions because of coal transportation. There were 31 accidents in 2010, resulting to 11 fatalities and 15 serious injuries.

Budget committee reports on work done

D.Khayankhyarvaa and S.Oyun, head and member respectively of the Standing Committee on the Budget, told journalists about work done by it during the just concluded Autumn session. Among the major draft laws it discussed and which were later passed are

New Russian Consuls in Darkhan, Erdenet

Deputy Minister for Foreign Affairs and Trade B.Bolor today handed over consular rights to Ivan Sergeevich Mostika and Alexander Valentinovich Fedulov. They will work as the Russian Consul in Darkhan and Erdenet respectively.

Review faults 40,000 Household Apartments project

After a review of the progress of the 40,000 Household Apartments project between 2005 and 2009 in Ulaanbaatar, Darkhan and Erdenet cities, the Open Society Institute has concluded that the apartments were priced unrealistically high, while the construction quality was

Workers being trained in railway construction

Training of workers will be the first phase in the program for construction of a 1,100-km railway from Tavantolgoi to Sainshand, as part of the Government railway policy. Visiting the Railway Professional Training Center in this connection, Prime Minister S.Batbold

People in special zones to pay less for electricity at night

Parliament yesterday passed into law a draft on air pollution reduction submitted by President Ts.Elbegdorj. Voting for the passing was 85.1%. The law calls for special zones to be set up in Ulaanbaatar where residents would pay 50% for using

Speaker lists achievements of Autumn session as it ends

In his closing speech at the Autumn session, Speaker D.Demberel yesterday noted that this had been the fifth of the eight sessions the present Parliament is expected to hold. Among the major decisions taken in this session, he said, were

Parliament passes law on Development Bank

Parliament yesterday approved the draft law on establishment of the Development Bank to be responsible for financing large projects and programs passed by Parliament. Its capital would come from the budget that would allocate a certain percentage of the mineral

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