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Mongolia increase interest rates to 11 percent

Earlier today, the Mongolian Central Bank announced that its policy interest rate has been increased to 11 percent. Previously, the bank cut the policy rate to 10 percent in September, 2018.

The surprise move is Mongolia’s second rate cut in three

Massive blackout as Siberian snowstorm batters Mongolia

A snow storm from Siberia hit Mongolia at the weekend causing a massive power blackout across western parts of the country. Three people were  injured and 1600 livestock were lost in the storm.

Nearly 50 districts across the four western provinces

M.Urantsetseg to wrestle for gold medal at Grand Slam

The Osaka Judo Grand Slam 2018, the fifth and final Grand Slam of the season, started today (23 November) at the Maruzen Intec Arena, Japan. M.Urantsetseg will wrestle against World Championships silver medalist Tonaki Funa for a gold medal of

New York: Mongolia signs cooperation agreement with Swaziland

Mongolia has been promoting friendly relations with other countries and aiming to establish relations with all the members of the United Nations. Most recently, Ulaanbaatar has established relations with the small southern African nation-kingdom of Eswatini. Better known as Swaziland,

Red Alert! Troops surround Mongolia’s main power plant

Earlier today (23 November), armed Mongolian soldiers were deployed around Ulaanbaatar’s Thermal Power Plant IV to protect it from attack. Fortunately, the operation was not real but an emergency response training for workers of the plant as well as the

Mongolians vaccinated against seasonal influenza

Ulaanbaatar is regarded as the world’s coldest capital and regularly experiences bone-chilling winter lows of minus 40 degrees Celsius. During the coming flu season, Mongolia plans to vaccinate 80,361 people. The focus risk groups include: pregnant women, children ages two-five

London: Erdenes TT stock sale presented to investors

In June, the Mongolian Cabinet decided to sell up to 30 percent of the ‘Erdenes Tavan Tolgoi Company on the domestic and international stock markets. The company is planning to launch an IPO on the London and Hong Kong stock

Mongolian brands on show at Baikal Fashion Week

Six Mongolian brands will participate at the Baikal Fashion Week, which  will take place in the capital of Russia’s Buryat Republic, Ulan-Ude, on 27-29 November. A group of 37 designers are preparing to go Baikal.

Six Mongolian brands namely: ‘Michel &

Mongolia’s developing air ambulance service

Helicopter landing sites (HLS) are being constructed outside three big hospitals in the Mongolian capital Ulaanbaatar with the aim of developing the air ambulance service. Recently, the National Centre for Communicable Diseases has become able to receive medical helicopters with

Another former Man’ United F.C. footballer to visit Mongolia

Famous professional footballer Peter Schmeichel will visit in Mongolia in December. The 55-year-old star has been invited to participate in the Mongolian Football Federation’s ‘Golden Ball’ award ceremony which will be held on 12 December. Last year, the ceremony was

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