Mongolia’s gross domestic product is projected to contract by 2 to 4 percent in 2020 due to the prolonged containment measures on the COVID-19 pandemic, the country’s central bank said on Friday, possibly sending the country into its first recession

The Eurasian Economic Commission (EEC) is exploring a possibility to establish a free trade zones with Mongolia and Indonesia, Iya Malkina, Aide to the Chairman of the Board of the Eurasian Economic Commission, said at a briefing.

According to Iya Malkina,

U.S. Secretary of State Mike Pompeo spoke with Mongolia’s President Kh.Battulga on 7 October, regarding suspending his visit to Ulaanbaatar. Secretary Pompeo and President Kh.Battulga discussed the strategic partnership between the United States and Mongolia, which is based on shared

The Mongolian Cabinet has projected no money for Small and Medium Enterprises (SME) Development Fund in the 2021 State Budget. In other words, the controversial SME Funds will be stopped.

This year, the SME Development Fund has granted soft loans worth

The Mongolian Government has zeroed social insurance taxes for workers and enterprises from the private sector between April and October and reduced them by 50 percent until the end of December, 2020 as a part of a MNT 5.1 trillion

Mongolia failed to fulfill its goal to export 40 million tonnes of coal this year due to the COVID-19 restrictions. However, the Mongolian Cabinet is planning to increase coal exports to 42 million tonnes in 2021 based on optimistic forecast

At today’s session, the Mongolian Parliament discussed the 2021 State Budget and Relevant Laws. The Cabinet has planned to maintain the monthly allowances for children that have been raised to MNT 100,000 in May as a part of the Covid-19

MIAT, Mongolian airlines has conducted 84 Government chartered flights to pandemic-hit countries since it first repatriated 33 students from Wuhan in China in late February. Mongolia has repatriated a total of 23,354 of its nationals from 81 countries by rail,

The Council of the European Union (EU) has removed Mongolia from the EU list of non-cooperative jurisdictions for tax purposes, reported Finance Minister Ch.Khurelbaatar.

The country was removed from the list after it deposited the instruments of ratification of the Convention

A newly-discovered species of toothless, two-fingered dinosaur has shed light on how a group of parrot-like animals thrived more than 68 million years ago. Multiple complete skeletons of the new species were unearthed in the Gobi Desert in Mongolia by