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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.

What requirements must politcal parties meet?

On December 1st, the draft “Law on Political Parties”, which was initiated and presented to Parliament by President Ts.Elbegdorj was discussed at the “Civil Hall”. The law project includes changes such as making political parties into parties with policy. For

Standing Committee accepts President’s veto

The President of Mongolia, Ts.Elbegdorj, has put a veto on Parliamentary Resolution 94. This aims to establish a primary court in every district (soum), and a court of appeal in every province (aimag), before 1st April 2016. Under this resolution, about

“Historical Contract”

The President of Mongolia has given the following speech during the United Nations Conference on Climate Change- COP 21 which is currently taking place in Paris:

Honorary President Francois Hollande,

President of the COP-21 Mr. Laurent Fabius,

Dear representatives,

Congratulations to the Government of

Printing house sold for MNT 24 billion

The two-storey printing house of the “Ulaanbaatar Times” newspaper, which is located in the east side of Government House was sold during an open-auction which was held on 30th November. The building is situated on 2698 sq. meters of land

Mongolia will chair Asian Region

The Mongol-Russian joint company, “Ulaanbaatar Railway” joined the International Union of Railways (UIC), with the status of “Union member” in 2011. Since then, “Ulaanbaatar Railway” was chosen to be the Deputy Chair of the “Asia Pacific Region” in Januray 2012.

City Budget approved

The City Budget-2016 was approved, during the 32th regular meeting of the Ulaanbaatar City Representative Assembly, which was held on 30th November. The budget anticipates the following:

-The income from the city post offices- MNT 564.8 billion

-The income of the districts-

Mortgage figures

The mortgage credit provided by the commercial banks of Mongolia was MNT 80.4 billion in October 2015. The credit balance has now reached MNT 3, 370.5 billion, and the total number of people who have taken out a mortage has

MNT 100 million plus savings – to be taxed

The Parliament has approved the “The Taxation Law on the Individual Person’s Income”, which has one important provision. In detail; under this law, a foreign citizen will pay taxes from their savings, and Mongolians will pay taxes, if they exceed

“MDB Business Networking” takes place

The Mongolian Business Database (MDB) has organized the first “MDB Business Networking” event for foreign and domestic companies wishing to buy Mongolian products. The purposeof the event is to promote co-operation between foreign and domestic entrepreneurs, to exchange experience and

Mongolian President in Paris

The United Nations Climate Change Conference COP-21 has started in Paris. The heads of approximately 160 countries are paricipating in the summit. The panelists will discuss climate change issue, primarily problems connected with coal, petroleum products and natural gas, which

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