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Interest rate for loans to herders lowered to 18 percent

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By Ch.KHALIUN Last Friday, Minister of Food and Agriculture R.Burmaa and the Director of the State Bank of Mongolia officially signed a memorandum of mutual understanding on a mid-term program for supporting herders in production, export and technology, and lowered the annual interest rate of loans for herders from 29.5 percent to 18 percent. Under [...]

February 8th, 2016 | Posted in Business & Economics | Read More »

Mongolia to take out loans from Russia to import fuel

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By Ch.KHALIUN Mongolia plans to take out 1.3 billion USD in loans from the Russian Federation in order to meet domestic fuel demands with imported fuel. During a meeting of the Democratic Party (DP) held on Monday, party members discussed importing fuel through loans. Some people believe that if Mongolia requires loans to purchase fuel, [...]

February 5th, 2016 | Posted in Business & Economics | Read More »

Prices for consumer staples increase

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By Ch.KHALIUN The Mongolian National Chamber of Commerce and Industry (MNCCI) conducted a study on food prices for consumers, comparing current prices with prices from the same period in 2015, and announced that the prices of basic consumer goods have increased since last year. Seven markets in five districts of Ulaanbaatar were involved in the [...]

February 3rd, 2016 | Posted in Business & Economics | Read More »

Erdenet Mining Corporation talks about cooperation with Industry Ministry

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By Ch.KHALIUN Following the establishment of a memorandum on cooperation between the Industry Ministry and Erdenet Mining Corporation (EMC) signed during a consultation meeting held for the state and producers supporting domestic production on January 15, Mongolian Mining Journal spoke with the Deputy Director in Charge of Development Issues at the EMC, B.Namkhainyambuu, regarding collaboration [...]

February 1st, 2016 | Posted in Business & Economics | Read More »

Made in Mongolia – Tsagaan Sar 2016 trade fair kicks off

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By Ch.KHALIUN On Wednesday, the Made in Mongolia – Tsagaan Sar 2016 trade fair opened at Hunnu Mall, Night Market, and Mongol Outlet. The trade fairs will take place until February 7. The official opening ceremony for Made in Mongolia – Tsagaan Sar 2016 will be held on January 30 at Hunnu Mall, in the [...]

January 29th, 2016 | Posted in Business & Economics | Read More »

Mining Minister speaks about policy and plans for gold mining in 2016

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By B.KHASH-ERDENE The following is an interview with Mining Minister R.Jigjid about gold mining and Gatsuurt. Talks on issuing loans to gold mining companies started two years ago, but no progress has been made so far. Gold miners are still waiting. When will the government address this issue? The government made a decision during the [...]

January 27th, 2016 | Posted in Business & Economics | Read More »

MTZ representatives and Shenhua Group discuss Tavan Tolgoi railway construction

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By Ch.KHALIUN A working group led by the Executive Director of Mongolian Railway (MTZ), D.Ganbat, visited Beijing to discuss the development of the Ukhaa Khudag to Gashuunsukhait railway and investment issues with the President in Charge of foreign relations and investment for Shenhua Group, and other relevant officials. During the meeting, the sides exchanged views [...]

January 25th, 2016 | Posted in Business & Economics | Read More »

Ulaanbaatar Procurement-2016 focuses on boosting state and private sector ties

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By Ch.KHALIUN On January 20, the second Ulaanbaatar Procurement forum was organized at Shangri-La Hotel to support the city’s economic development, protect the interests of businesses, boost collaboration between the state and private sector, and to support the development of a pleasant business environment in Ulaanbaatar. The main goal of the 2016 forum was to [...]

January 22nd, 2016 | Posted in Business & Economics | Read More »

National Council of the Extractive Industries Transparency Initiative meeting held

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By Ch.KHALIUN The National Council of the Extractive Industries Transparency Initiative (EITI), led by Prime Minister Ch.Saikhanbileg, held their 14th meeting on Monday, approving a 2014 report summary, reviewing the implementation of plans in 2015, and determining plans for 2016. Following the meeting, representatives and authorities from the Ministry of Mining, an EITI working group, [...]

January 20th, 2016 | Posted in Business & Economics | Read More »

Parliament resumes housing loan program

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By Ch.KHALIUN Nearly one month has passed since commercial banks suspended the issuing of eight percent annual interest mortgage loans, but the program has officially resumed with Parliament’s adoption of an amendment to the Civil Law and Law on Pledges of Immovable Property on Tuesday. On January 18, Minister of Construction and Urban Development Z.Bayanselenge [...]

January 20th, 2016 | Posted in Business & Economics,Онцлох мэдээлэл | Read More »

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