A special sub-council of monetary policy met on Wednesday,
with MP O.Chuluunbat in the chair. It discussed the state of the economy, the
price index, the reports of the household income and expenditure survey, and
such issues. The sub-council will coordinate the work
Prime Minister S.Batbold announced
after watching the exploration work of the 100% Chinese company Donshen in the
Gobi that Mongolia’s first oil refinery will be ready by 2014. Donshen has a
product sharing agreement with the Government and hopes to begin oil extraction
before
Academics and analysts met at Government House on
September 15 to join the ongoing debate on the MPRP changing its basic ideology
from the present democratic socialism to national democracy. The Terelj Manifesto prepared by its Managing
Council calls for the change and
The
Government
yesterday decided to change the excise duty rate
on several oil products from Rosneft. Following this, the price of AI-92 will
go up by USD42 or MNT56,000, and of diesel by USD36 or MNT48,000. The price of
A-80 will, however, be USD10 less
Khan Bank and Agromashtech LLC have signed a financial leasing services
agreement that will allow individuals and companies working in agriculture,
especially in agronomy, to access Agromashtech services, and training on
use of equipment such as harvester combines, tractors, agricultural trailers,
swing machines, and irrigation
China’s head-start in building roads, railways and pipelines
across Central Asia creates an opportunity for the West — and the region
itself. China has paved the way to finally open up landlocked Central Asia, and
the West should build on its success, creating
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