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New Mongolian PM appoints his Cabinet

“The geopolitical situation is becoming increasingly complex. The government decided to immediately begin work and maintain the continuity of state policy. Therefore, a third of the previous government is retained,” G.Zandanshatar said.

Parliament rejects presidential veto of Finance Minister

Mongolia’s State Great Khural (parliament) has discussed the presidential veto of Finance Minister Khurelbaatar. In the debate, which took place on 2 November, 84 percent of MPs who attended meeting of parliament voted against presidential veto.

Mongolia registers 70 new mining deposits

Without doubt, the mining sector is the main pillar of economic growth and development in Mongolia. In recent years, the sector has contributed to approximately 20% of the GDP, approximately 60% to industrial output and about 80% of total exports (World Bank Group).

Mongolia’s sumo family

A cousin of Asashoryu Davgadorj has become a sumo wrestler. D.Sugar, who is the son of Asashoryu’s brother, is following in the steps of his uncle.

Mongolian Ministry proposes to delay fuel tax increase

The Ministry of Mining and Heavy Industries of Mongolia has proposed to the Cabinet to delay the increase of fuel import tax. The proposal aims to stabilize fuel supply and retail prices; it also intends to decrease the tax increase agreed by between the Finance Ministry and IMF team.

New ambassadors present credentials to Mongolian President

Newly accredited Ambassador Extraordinary and Plenipotentiary of the Republic of the Philippines Jose Santiago Romana and Ambassador Extraordinary and Plenipotentiary of the Republic of Kyrgyzstan Azamat Usenov presented letters of credence to the President of Mongolia, Mr Khaltmaagiin Battulga on Wednesday.

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