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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.

Japanese Quality & Economic Development Lectures

The Bank of Mongolia is conducting a series of economics lectures, in accordance with which it has invited world-class experts and global international economic analysts to Mongolia. In the framework of this program, Professor of Law at Tokyo University, Ota

Complaint to National Human Right Commission

The ex-deputy chairman of the Governmental Secretariat Authority, G.Denzen has been held in prison for three months pending trial for alleged abuse position. As a mark of protest against his captivity, G.Denzen declared a hunger strike. Since the hunger strike

Mongolian Judo wrestlers selected for World Championship

The World Judo Championship-2015 will be held on 24th-30th August in Astana, Kazakhstan. This year, 491 male and 327 female wrestlers from 129 countries will contest in the World Championship. The organizers allow countries to provide 9 male and 9

Beware of water

Since the 2015, 74 people, including 22 children, have tragically lost their lives through drowning. In many cases rescuers from the National Emergency Management Agency (NEMA) have the grim task of recovering the bodies. These cases are then transferred to

Veterans given apartments

The Ministry of the Defense is taking several steps to improve the social problems faced by veterans. One of the main projects is to provide apartments. The initial work of this project is now finished. The 63 new apartments are

“Amnesty Law” – discussed in closed session

Today, the Legal Standing Committee is holding its first debate on the “Amnesty Law”, following which Parliament will discuss the draft law in closed session. Yesterday, the Mongolian People’s Party Group also discussed the “Amnesty Law”. The members of the

Citizens to reclaim 2% VAT

In July 2015, the Mongolian Parliament approved the revised “Value Added Tax Law”. The new law will come into force from 1st January 2016 and will enable people will be possible to re-coup 2% of how much they have paid

Oyu Tolgoi Underground Development

The future success of the Oyu Tolgoi copper and gold mega-project is the underground development; for this to go ahead the underground Feasibility Study needs to be updated and approved and approximately US$4 billion in project financing must be secured.

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“Oyu-Tolgoi”- Good Quarter 2 Results

On 6th August, the “Oyu-Tolgoi” copper and gold mega-project, presented its 2015 Q2 Performance Update. In “Oyu Tolgoi” sold 189,900 tons of concentrate and generated USD 421.3 million. This result shows a fall of 1.2% on 2015 Q1; the slight

Insurance Bonds

The Financial Regulatory Commission discussed 21 issues at its 20th session. During this session 50,000 insured bonds with face value of MNT 10,000 by Erchim Engineering LLC were registered. These are bonds with interest and principle payments insured by a

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