Minister of Road,
Transportation, Construction and City Planning Kh. Battulga answers questions
on the new railway.

What is the status of the new railway?
It will be built in three stages. An international open tender for
construction will be announced after a meeting of investors

Referring to the
steadily growing strength of the 
MNT  in recent days,  S.Bold, a senior official at the Currency
Board of Mongolbank, has  said the
national currency has risen 9.9% against the USD and 9.7% against the CNY
between  January 1 and August 31. Export
earning

First Deputy Prime Minister N. Altankhuyag is now in
China to participate in a Northeast Asia Investment Fair where he will give a speech
on regional trade. He will also meet senior officials of the Chinese Government
and the Communist Party in Beijing.

Speaking at a ceremony yesterday at the Mongolia-Korea
Technical Institute to mark the start of the academic year, Prime Minister
S.Batbold said the country needs a large number of trained workers to fill the
jobs that will come up with the expansion of

Oyutolgoi LLC will build 180 new apartments, and enlarge and
improve the energy, heating, sewage and drinking water supply system at Gashuun
Sukhait in Umnugobi aimag before the end of the year as part of the planned
expansion and extension of services at

The Emporio Armani store at Sukhbaatar Square in the
Central Tower Building occupies over 210 square meters on the first floor. It
is much more than a fashion boutique: its design embodies  Giorgio Armani’s vision of the modern, casual
lifestyle that Emporio Armani

The Mongolbank’s special representative at Anod Bank,
which has gone into liquidation, has said that a general meeting of its
shareholders will be held on November 30. He gave no reason why the meeting was
not held on the earlier scheduled August 15.

Trade and Development Bank and Korean Exchange Bank have
signed a Memorandum of Understanding to introduce a service to allow Mongolians
studying, working, and living in Korea to transfer money from there to Mongolia
easier and faster. The money thus remitted will have

A
recent analysis by Reuters says Mongolia is likely to emerge as a key
investment target for global mining giants, but there are several risks to watch.
Referring to the country’s weak political parties and its poor regulatory
capacity, it notes that Transparency International

According to
preliminary estimates announced by T. Badamjunai, Minister of Food, Agriculture
and Light Industry, the harvest is expected to be 329,800 tons wheat, 156,100
tons potato, 90,100 tons vegetable, 20,500 tons oilseeds like sunflower and
rapeseed, and 19,600 tons of livestock fodder.  The