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Russian Defence Minister visits Mongolia

Russian Defense Minister, Army General Sergey Shoigu is making an official visit to Mongolia today (18 October) at the invitation of his Mongolian counterpart N.Enkhbold. He was welcomed by Mongolian Deputy Defense Minister T.Dulamdorl, Chief of staff D.Davaa at Chinggis

Kazakhstan gives Mongolia financial aid for flood victims

Kazakh Ambassador H.E Kalybek Koblandin has handed to Mongolian Deputy PM U.Enkhtuvshin, USD 500 thousand aid as a gift from his government. The meeting took place on Wednesday 17 October. Astana had previously promised to give aid for Bayan-Ulgii, Mongolia’s

DBM raises bonds without Mongolian government guarantee

The Development Bank of Mongolia (DMB) successfully raised bonds worth of USD 500 million on 16 October without any government guarantee. The bank received offerings from international investors for buying the bonds worth of USD 4.1 billion; eight times higher

Mongolia to strengthen cooperation with Vietnam in fighting crime

Mongolian Minister of Justice and Home Affairs Ts.Nyamdorj has agreed to reinforce crime fighting cooperation during talks with the Vietnamese Minister of Public Security To Lam. The meeting took place in Hanoi on 16 October.

In 2013, the two ministries signed

Minister denies Rosneft rumour

Several unconfirmed reports have stated that Rosneft has expressed interest in entering the Mongolian market due to higher fuel prices.  However, Minister of Mining and Heavy Industries D.Sumiyabazar, denied the claim at the meeting of the Parliamentary Economic Standing Committee

South Korean Hanaro Mart’s sell-by date scandal!

Recently, South Korean supermarket chains such as CU, Lemon, Lotte, K Circle and Hanaro Mart have opened stores in Ulaanbaatar, as they accelerate their overseas push amid fierce competition at home. Mongolia is a promising market for the convenience store

Mongolian President busy with foreign meetings

A Mongolian delegation led by President Kh.Battulga will attend the 12th Asia-Europe Meeting (ASEM) Summit, which is expected be held on 18-19 October in Brussels. From the Belgium capital he will leave for the 2018 World Investment Forum, which will

Foreign arrivals in Mongolia increases

Arrivals in Mongolia reached 4.6 million passengers (double counting) in the first 9 months of 2018 – an increase of 68.2 thousand or 1.5 percent compared to the same period last year. In total, 38.7 percent of all arrivals entered

Centerra sells Mongolian business for US$35M

Singapore-based private firm OZD Asia has bought up all the outstanding shares and debts of Centerra Netherlands, which held the Boroo mine and processing facility and the Gatsuurt project in Mongolia.

Toronto-based Centerra said OZD would retain the US$5 million payment

Number of infectious diseases in Mongolia decreases

According to the National Statistics Office, the number of reported cases of infectious diseases in Mongolia in the first three quarters of this year fell by 8 percent from the same period in 2017.

There were some 31,100 cases of infectious

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