Minister for Finance S.Bayartsogt answers questions on recent developments in the economic situation of Mongolia.
What is the benefit of having a budget stability law?
The Law about Administration of Budgeted Organizations and Finance regulates the issues regarding budget making, financing and

A meeting of representatives from the Mongolian Labor Union, the Union of Employers and the Energy Regulation Department discussed the decision to raise electricity and heating prices with effect from January 15, and decided to set up a working group

The Government has fixed the amount of health insurance payment for 2010. Salaried workers will continue to pay 4 percent of their total income, but rates have changed for those whose insurance is paid by the Government.  They include children,

The recent changes in the health insurance system have confused citizens and they cannot easily find an explanation of the new rules. N.Oyungerel of the Ministry of Health answers our questions on the issue.

What are the new areas now covered

Canada-listed mining group SouthGobi Energy Resources Ltd plans to raise about USD400 million from a Hong Kong initial public offering this month, according to a term sheet obtained by Reuters. SouthGobi, which started IPO premarketing earlier this week, is focused

Head of the Mongolian Labor Union S.Ganbaatar has asked for a meeting with the Prime Minister to discuss the increase in electricity rates. He is yet to receive a reply to his letter sent just before the New Year.
“It is

More than a year after the Economic Crime Department of the State Investigation Authority named him as a suspect in the Anod Bank case, L.Ulambayar was arrested on December 15 last when he landed in Chinggis Khaan airport after seeking

Parts of Khuvsgul province continue to be under quarantine to halt the spread of the A/H1N1 influenza virus.  Schools and kindergartens have remained closed since December 28. According to L.Damdinsuren of the provincial hospital, six of the 49 registered cases

Parliament Speaker D.Demberel told a Press conference on Monday that MNT324 billion from the Human Development Fund will be distributed to citizens in 2010. He was supported by Ts.Davaasuren and D.Arvin, head of the Standing Committees on the Budget, and

Klaus Rohland has been named the next World Bank Country Director of Mongolia, China and the Republic of Korea. He will be based in Beijing. This is his fourth term as Country Director with the Bank. He has served in