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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.

‘Mazaalai’ in Space!

The year 2017 has just become a new landmark date for Mongolian space exploration: at 5.50AM (Ulaanbaatar time) on 4th of June its first satellite, ‘Mazaalai’, was blasted into orbit from the Kennedy Space Centre, Florida atop a Falcon 9 booster.

EBRD finances expansion for Gobi cashmere

In a boost to the local economy the EBRD is extending new financing to Gobi JSC, one of the leading cashmere garments makers in Mongolia. The funding facility, with a volume of up to US$ 16 million, will support the crucial sector and contribute to a more resilient and sustainable economy.

Mongolian footballer to participate in Suzuki Cup with Hungarian team

Mongolian footballer G.Ganbayar, who currently plays for the academy of Puskas Akademia FC of Hungary’s Nemzeti Bajnoksag will participate in the Suzuki Cup. Under-17 football teams from top international football clubs such as Bayern Munich FC and Real Madrid CF will participate in this sporting event.

Mongolia to hold constitutional referendum

Mongolia will hold a constitutional referendum this autumn. Before the referendum, parliament has decided to hold consultation among citizens regarding constitutional reform; this is scheduled to take place between 5th of July and 10th of September.

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