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The gains of higher taxes


By D.SERGELEN Parliament has submitted a draft amendment for the Excise Tax and Mineral Resources Law. The amendment states that any taxation in foreign currency must be made in Mongolian currency. An amendment was made according to the law of 2009 where it states that all tax and payments must be in Mongolian currency. However [...]

April 22nd, 2014 | Posted in Opinion | Read More »

SME support from the Government


By D.SERGELEN Even though large numbers of unemployed are a considerable pre-occupation in a society, many people here are trying nether-the-less to produce products that are made with Mongolian ingenuity and mastery and that contributing Mongolian development. For some time the Government has been giving financial support and issuing preferential credit to small and medium [...]

April 20th, 2014 | Posted in Opinion | Read More »

Another strike to democracy and freedom


Parliament has recently been discussing the call for the resignation of Kh.Temuujin, the Minister of Justice. This however is not a chance incident. Rather, it is a reflection of a plot devised by a political-business group that intends to use legal means to remove from a position of power and influence the person who initiated [...]

April 20th, 2014 | Posted in Opinion | Read More »

Housing mess


A total of 190,000 households are living in ger districts currently. Providing ger district households with apartments is not only a matter of housing but also a big challenge for Mongolia’s development. It also goes without saying that housing will be instrumental in getting rid of air pollution in Ulaanbaatar. Furthermore, it is hard to [...]

April 16th, 2014 | Posted in Opinion | Read More »

Productivity is the way out


In 2013, Mongolia’s gross domestic product (GDP) grew by 11.3 percent to reach 17 trillion MNT. However, the average income of Mongolians did not increase significantly because the cost of living rose 10.3 percent in the same year. It allowed the purchasing power of people to increase by only one percent. Furthermore, our economy, which [...]

April 6th, 2014 | Posted in Opinion | Read More »

Geothermal Energy and Mongolia


By Paul Sullivan,  Georgetown University The earth gets more amazing the more one learns about it. For example, the earth is a massive source of heat. That heat is partially from the left over heat from its creation. Now, isn’t that amazing? Most of it, about 80 percent, is from radioactive decay of isotopes of [...]

April 1st, 2014 | Posted in Opinion | Read More »

Let us kick-start our coal policy


The 4th global coking coal summit was held in Taiyuan (Shanxi Province, China) last week. Besides coal mining enterprises, the summit was attended by coal, iron, and steel industry associations, buyers, suppliers, research institutions, and delegates from international stock exchanges. It is clear that this summit would help Mongolia to accurately align its coal policy [...]

March 30th, 2014 | Posted in Opinion | Read More »

Mongolia eyes wind energy potential


By Paulius Kuncinas Regional Editor, Oxford Business Group With demand for electricity on the rise, and a national drive to boost renewable power production gathering strength, investor interest in Mongolia’s fledgling wind energy industry looks set to grow. The government aims for renewable sources to account for at least 20 percent of power generation capacity [...]

March 27th, 2014 | Posted in Opinion | Read More »

Buddhism for Beginners


By SANDRA BLOEMKER  The Buddhist sights in UB and my first encounters with Yellow Hat Buddhism  Most Germans have a positive attitude towards Buddhism. They associate it with the Dalai Lama, a friendly, elderly man who sometimes holds lectures (like in Frankfurt on May 14), and presents Chancellor Angela Merkel with silk scarves on TV. [...]

March 26th, 2014 | Posted in Opinion | Read More »

The Lag and Lead of Energy Investing

By Paul Sullivan, Georgetown University Investing in energy systems takes a lot of time and a lot of money. Planning is required to do this right for a country, for a company and for a community. If one waits until the lights go out, the petrol is not in the stations, the houses are cold, [...]

March 26th, 2014 | Posted in Opinion | Read More »

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