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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.

Two Chinese banks to open in Ulaanbaatar

The Executive Board of the Bank of Mongolia has decided to grant permission to the Industrial and Commercial Bank of China to open a representation in Ulaanbaatar.

Mongolia attends Davos Economic Forum

Under the theme ‘Responsive and Responsible Leadership’, the 2017 World Economic Forum is set to open tomorrow, 17th of January in Davos-Klosters, Switzerland. About 3000 participants from over 100 countries are expected to gather at the annual event; from Mongolia two official delegates will be attending.

Siberian cold front to hit Mongolia

An icy cold front from Siberia will sweep across Mongolia, bringing snow storms this weekend. Information from the Research Institute for Meteorology, Hydrology and Environment warns that night temperatures will fall to -45 Celsius in western parts of the country and -33 Celsius in central parts of Mongolia from 16th of January.

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