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‘Nairamdal 2’ summer camp to open on the shores of Lake Khuvsgul

On 1 June, the Mongolian Cabinet approved establishing “Nairamdal-2” international children’s camp on the Shore of Lake Khuvsgul, the largest fresh-water lake in Mongolia. Meaning ‘Friendship’, the Nairamdal camp is of great importance to the development of tourism, the promotion

Ulaanbaatar Book Festival to be held at Misheel Expo

Annual ‘Ulaanbaatar Book Festival’ will take place at the Mongolian capital’s main exhibition centre – Misheel Expo on 5-7 June. Due to coronavirus restrictions that have banned public gatherings, the book fair will be partly held online.

The Ulaanbaatar Book Fair

Mongolia provides USD 1 million aid to USA

The Mongolian Cabinet has decided to provide humanitarian assistance worth USD 1 million to the United States of America to help the country cope with COVID-19 pandemic. The money will be allocated from the government’s Reserve Fund. According to figures

Second pregnant women gives birth in isolation in Mongolia

A pregnant mother who has been in isolation at the General Hospital of Selenge Province has recently given birth to a baby girl. After returning from Russia through the Altanbulag border checkpoint on 14 May, the 39-year-old mother had been

Business Incubator Centre opens in UB

A Business Incubator Centre under the Asian Development Bank’s Ger Area Development Investment Programme has been inaugurated at the Bayankhoshuu Subcentre in the Mongolian capital Ulaanbaatar.

On May 28, ADB Country Director Pavit Ramachandran launched the business incubator. The ceremony was

Fitch Affirms Mongolia at ‘B’: Outlook Stable

Mongolia’s commodity-dependent economy is facing a sharp slowdown in GDP and export growth, deterioration in the public finances and an erosion in external buffers this year due to the coronavirus shock. Nevertheless, the affirmation of the rating with a Stable

Turkey builds 250-ton capacity vegetable warehouse in Khentii

Turkey’s state-run aid agency has built a 250-ton capacity underground vegetable warehouse in Mongolia’s Khentii province.

The warehouse spread over 300 square meters aims to lengthen the shelf life of locally-grown products and increase their market value, said a statement by

EU grants EUR 50.8 million to Mongolia for improving transparency

The European Union is supportig Mongolia’s efforts in boosting employment and improving transparency in public finances with a grant of 50.8 million euros (MNT 155.7 billion). This is the first budget support programme in Mongolia, also aiming to address the

Getting off the FATF Grey List

Mongolia has met all requirements to be removed from the Financial Action Task Force’s (FATF) grey list, the country’s finance minister Ch.Khurelbaatar said on Friday.

FATF is an intergovernmental organization founded in 1989, whose aim is to combat global money laundering

Mongolia to repatriate some 2000 of its nationals in June

“Mongolia is currently ranking second behind Germany in terms of the percentage of its nationals repatriated from abroad compared to the entire population,” the National Emergency Commission has reported. The country of three million will continue the evacuation in June

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