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Each Mongolian has debt of MNT 28 million

From 2021, the Mongolia’s Government will start its repayment of four big bonds worth of USD 2.9 billion for the next four years. In recent years, the Government debt to GPD has been decreasing; however, it has doubled since 2016.

Currently,

Ten Mongolian students recover from COVID-19

Earlier today (9 June), ten Mongolian students; six men and four women were discharged from the National Centre for Communicative Diseases after fully recovering from the coronavirus infection. They are now under 14 days of isolation at resorts for further

June snow falls in western Mongolia

“Unexpected” summer snow fell in western Mongolian provinces on the weekend, a local meteorological department reported. June snow hit the southwestern mountainous parts of the Zavkhan, Uvs and Uvurkhangai provinces with an average of 2-3 mm.

In addition, Mongolia is expecting

Russian transit driver becomes Mongolia’s 194th COVID-19 case

A Russian national who arrived in Mongolia through the Khyagta-Altanbulag border crossing was confirmed as having coronavirus infection on 8 June. He was among 29 truck drivers who are involved with transit transportation on the Russia-Mongolia-China route. According to health

Major blaze at Mongolia’s most famous store

A big fire at the State Department Store of Mongolia on Sunday afternoon has been extinguished. Owned by Nomin Holdings, the store is one of the landmarks of Ulaanbaatar. It is located on Peace Avenue just 10 minutes’ walk west

Mongolia conducts first repatriation flight to Australia

Mongolia has arranged its first charter flight to the Australian city of Sydney, with the support of the Oyu Tolgoi mining company and the necessary departments and agencies. The MIAT Mongolian Airlines flight, departed from Ulaanbaatar on the night of

Gegeen Arvai wins 3rd Mongolian Online Chess Team League

The 3rd  Mongolian Online Team League, which is part of the FIDE Checkmate Coronavirus Project, has brought together 28 teams from across the country. The online competition consisted of 9 tournaments, held on a popular platform (lichess.org) in three categories

NEMA receives large batch of fire-rescue vehicles

Mongolia’s National Emergency Management Agency (NEMA) works closely with equipment suppliers from around the world. The nation’s fire brigades are one of the important divisions of NEMA. Currently, the organization is working closely with Belarus for the supply of specialist

IMF approves Mongolia’s request for emergency financial assistance

The Executive Board of the International Monetary Fund (IMF) has approved Mongolia’s request for emergency financial assistance under the Rapid Financing Instrument (RFI) equivalent to SDR 72.3 million (about US$99 million, or 100 percent of quota) to meet urgent budgetary

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