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State Bank of Mongolia cuts number of directors

The board of the State Bank of Mongolia has decided to cut the number of directors at its branches by 50 percent. According to the decision, the number of branch directors has decreased from 70 to 40.

Petrol importers explain fuel price rise

D.Batpurev, marketing director of the ‘Pertovis’ Group and N.Naranbat, Deputy of ‘NIC’ LLC explained the reason behind the increasing fuel prices at a press conference on Monday (15 January).

Mongolian circus triumph continues in Budapest

Yesterday (14 January), under the leadership of T.Nomuunbaatar, artists from the National Circus of Mongolia won the Golden Cup at the international circus competition in Budapest.

Mongolian VAT lottery – prizes increase

Mongolia has increased prizes money from the VAT lottery which would be held in 2018. The decision was confirmed by decree of the Finance Ministry on 26 December, 2017.

Chinese enterprises refuse to follow Mongolian law

It has been four days since China closed the Gants Mod border crossing to Mongolia. Chinese enterprises have presented twelve demands regarding Mongolian regulations on international transport to officials.

SouthGobi Sands LLC to pay USD 11.5M in supply row

A subsidiary of one of Mongolia’s largest coal producers has been ordered by a Hong Kong arbitral tribunal to repay USD 11.5 million to a commodities firm following a dispute stemming from a coal supply agreement, according to a Thursday notice.

Mongolia-France consultative meeting

A political cooperation meeting between Mongolia and France was held at the Ministry of Foreign Affairs earlier today (12 January) following a six-year break.

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