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ADB approves new loan package for Mongolia

The Asian Development Bank (ADB) and the Mongolian government have signed loan agreements worth USD 103 million for three projects that will upgrade border checkpoints, complete a district hospital, and scale up road rehabilitation in the country.

Yolanda Fernandez Lommen, ADB

Sharp decrease in Mongolian gold purchase

The purchase of gold by the Mongolian Central Bank dropped 22 percent from January to September 2019. In total it acquired 11.2 tons of gold from legal entities and individuals.

The bank explained that the drop can be attributed to the

‘Deeltei Mongol’ Festival to become National Costume Day

The Mongolian Government has decided to mark a new festival – National Costume Day on 9 July every year.   The decision aims to expand the annual traditional festival of ‘Deeltei Mongol’ or “Mongolians in Deels” which is held the day

President of the Mongolian National Olympic Committee resigns

Earlier today (3 October), D.Zagdsuren, the president of the Mongolian National Olympic Committee (MonNOC) resigned. In his letter of resignation, he explained that he was standing down on health grounds; this was approved by the Executive Committee of MonNOC. Executive

Mongolian Airlines to get Boeing 787-9 in 2021

Mongolian Airlines has indicated that it has secured the delivery of a Boeing 787-9, with the aircraft due to arrive on long-term lease in 2021. The widebody jet has been earmarked for the carrier’s first long-haul flights to the United

Mongolian arrested in Russia for smuggling crypto mining units

Coinspot reported today that a Mongolian citizen was caught trying to smuggle the four crypto currency mining devices with fans and connected microcircuits across the Russian/Mongolian border into Russian territory.

The custom services explained that the smuggler was detained by Altai

Mongolian tech grad joins Japanese company

A young Mongolian who has graduated from a Japanese-style technical college has made a fresh start as an engineer at an electronic company in Tokyo.

Nineteen-year-old Uranzev Tsogbadrakh learned electrical circuit design at a college in Mongolia and then completed the

Who was behind S.Zorig’s murder? Demands DP leader

Today, 2nd October, is a day on which S.Zorig, one of the leaders of the Mongolian Democratic Revolution and a notable politician is remembered. It was on this day, 21 years ago, that S.Zorig, the then Minister of Infrastructure, was

Government extends land for Mongolia’s first oil refinery

Mongolia launched construction of its first oil refinery last year. This has been a a long-awaited project; currently it is being funded by India and is designed to end the country’s dependence on Russian fuel imports.

Earlier today (2 October), the

UK Minister to open new embassy in Ulaanbaatar

As the UK gets ready to leave the EU, its partnerships outside of Europe will take on an even greater significance and importance. UK Minister of State of Asia and the Pacific, Heather Wheeler will visit  South Korea, Mongolia and