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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.

Mongolian Airlines to lease two Boeing aircraft

Mongolian Airlines (MIAT) has concluded a leasing agreement with the Boeing Company in assistance with Avolon Aerospace Leasing Limited regarding two Boeing 737 MAX 8 airpcraft. The national carrier is to lease the two Boeing aircraft for 12 years starting from 2019.

Budget amendments to raise taxes

The Cabinet submitted amendments to the 2017 state budget to Parliament on Friday that include increased taxes on income and imports.

Kenya and Mongolia Sign MoU to Promote Sustainable Finance

The Kenya Banking Association (KBA) amd the Mongolian Bankers Association (MBA), members of the IFC-supported Sustainable Banking Network (SBN), have signed a Memorandum of Understanding (MoU) to advance environmental and social risk management and sustainable financing practices for the Kenyan and Mongolian banking sector.

Mongolia starts coal transportation to Tianjin

A new rail route to transport coal from Olon-Ovoo station in the Dornogobi province to China’s port city of Tianjin started operation on 23rd of March. Tianjin is the closest sea port to Mongolia’s southern border and the most important logistics hub in the north of China.

UB Mayor begins European visit

S.Batbold, the Mayor of Ulaanbaatar, the capital city of Mongolia started his European working by visiting Warsaw on 22nd of March. In the Polish capital, S.Batbold discussed cooperation between two cities with Mayor Hanna Gronkiewicz-Waltz.

Khushigt Valley Airport soon to open

Mongolia’s new international airport currently under construction 60 kilometers from Ulaanbaatar at Khushigt Valley in Sergelen soum of Tuv Province is nearing completion.

Why the bailout?

The Mongolia government has jointly announced with the IMF that it will implement the politically difficult – but inevitable – rescue package, and avoid becoming a delinquent international debtor.

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