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Slight rise in total outstanding loans

Mongolbank figures reveal that money supply (broad money or M2) increased to MNT2,880.0 billion at the end of December 2009, recording a rise of 6.1 percent over November 2009 and of 26.9 percent over December 2008. Currency in circulation was

Crude for Mongolia to be refined in Tianjin

The third meeting of the Mongolia-China working group has ended with agreements between the Director of the Ulaanbaatar Representative Office in Tianjin, J.Gankhuyag, and the deputy director of Dunziang free trading port, Yang Jun Chan, regarding use of the port.

MPs from both parties against privatization of Erdenet

Both the MPRP and DP groups in Parliament yesterday discussed the proposed state property privatization directions to remain in force until 2012. Both groups wanted the Erdenet factory kept out of the list of entities to be privatized, since it

Fifth US-Mongolia Business Forum in Orlando draws delegates

Several dozen delegates from Mongolia met with delegates from the United States at the recent Fifth U.S.-Mongolia Business Forum in Orlando to discuss how the two countries can better work together. Several speakers urged more U.S. companies to invest in

Australian mining juniors looking at Mongolia

Centuries after its “golden hordes” descended on most of central Asia Mongolia is discovering the reverse of what it was like then. This time around, the world”s mining community is descending on Mongolia, looking to take advantage of the tiny

National companies urged to come together

J.Oyungerel, Vice Chairman of the Governing Board of Petrovis LLC and Board Member of Energy Resources LLC, feels that the decision on building railways has to be taken on the basis of not whether it is technically or economically possible,

Infection leaves four dead, 12 under intensive care

The klepsiella virus infection which broke out in the First Maternity Hospital on January 18 has caused the death of four babies while 20 more are still suffering. The hospital has been closed down and patients transferred to other places.

Z.Enkhbold becomes president of new Democratic Force Union

MP Z.Enkhbold has announced the formation of the Democratic Force Union to spread democratic awareness among citizens at the initiative of the DP. The call of the Union will be “Let’s Reform Our Mongolia” and its goal is to protect

Working group hears N.Enkhbayar’s account of events during Emergency

The working group established by Parliament Speaker D.Demberel last September to asses how well Government organizations had coordinated their actions during the state of emergency following the July 1 incidents in 2008 yesterday heard former President N.Enkhbayar and other officials

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