The Green Climate Fund is helping Mongolian enterprises kick start a national, low-carbon energy sector with its completion of a USD 20 million funds transfer to a Mongolian bank.

The EBRD is supporting the integration of Mongolia into the global economy with the provision of a USD 7.6 million financial package to Terra Express, one of the leading local logistics companies.

According to the Law on Celebrating Public Festivals and Memorable Days, July 11th-15th is declared a public holiday when Mongolians celebrate the traditional Naadam festival.

The Mongolian Cabinet ordered Ministries to resolve the controversial issue of the 49 percent of the Erdenet Mining Corporation (EMC) being transferred to government ownership.

Mongolia-focused explorer Petro Matad has firmed up a drilling contract with Sinopec Mongolia as it prepares to drill two wells.

Designers at the ‘Bat Zuu’ company have sewed a 14m long and 18 m wide ‘Hunnu’ deel – the size of a six-story building. For three months, over 50 designers have been working on the world’s biggest deel.

According to the Mongolian National Emergency Management Agency (NEMA), minor earthquakes were felt in the South Gobi (Umnugobi) and Bayankhongor provinces yesterday (4th of July).

The Mongolian Cabinet has decided to make the ‘Child Money’ programme available to every child, and to compensate those who have not received the allowance. The ‘Child Money’ programme is a monthly allocation of MNT 20,000 to every child.

The 8th Consultation Meeting on trade and investment between the governments and enterprises of Japan and Mongolia took place in Ulaanbaatar on 4th of July.

Voters residing abroad are casting their votes on 4th and 5th of July. Mongolia has registered a total of 7209 expat voters via 45 sub-commissions in 33 countries; 1629 are in South Korea and 1011 are in USA.