Home » Business & Economics You are browsing entries filed in “Business & Economics”

EBRD issues loans with domestic currency


By Ch.KHALIUN While the MNT exchange rate is weakening, the European Bank for Reconstruction and Development (EBRD) has made a popular decision to start a loan program based on domestic currency. Analysts say the program will be important for attracting investment to Mongolia, increasing the amounts of loans issued, ensuring the sustainability of the nation’s [...]

March 26th, 2015 | Posted in Business & Economics | Read More »

Poland interested in cooperation in mining and food production


By Ch.KHALIUN At a meeting titled “Made in Poland – Opportunity for cooperation with Mongolian companies” held on Monday, representative of the Ministry of Economy of Poland Ewa Swedrowska-Dziankowska reported that Poland is interested in cooperating with Mongolia in mining techniques and technology, and in food production. Poland aims to expand economic cooperation with eleven [...]

March 25th, 2015 | Posted in Business & Economics | Read More »

Thermal Power Station IV project finalized

Tets4 Muugi

By Ch.KHALIUN The project to expand the capacity of Thermal Power Station (TPS) IV by 123 megawatts was successfully implemented, and its adjustment work is now finished, connecting it to the central power system. On Friday, a key presentation ceremony took place in the presence of Minister of Energy U.Purevbaatar, Russian Ambassador to Mongolia Iskander [...]

March 23rd, 2015 | Posted in Business & Economics | Read More »

Energy sector officials gather for an international meeting


By Ch.KHALIUN On March 17, energy sector officials gathered for the international meeting “Ties of the Energy Sector”, organized by the Institute of Energy Economics and Institute for Strategic Studies, at the Ministry of Foreign Affairs. Representatives of energy research and analysis institutions from Russia, China, South Korea, and Japan, representatives of Mongolia’s state and [...]

March 20th, 2015 | Posted in Business & Economics | Read More »

OT honors its best domestic suppliers


By Ch.KHALIUN On March 12, Oyu Tolgoi LLC held its sixth annual supplier recognition awards ceremony, “Erdeniin Govi” (Gobi Gem), at the National Opera and Ballet House, honoring eight domestic companies. The event took place in the presence of representatives from the government, local authorities, trade associations, and the supply companies. The suppliers were ranked [...]

March 16th, 2015 | Posted in Business & Economics | Read More »

Cabinet decides to increase gold mining


By Ch.KHALIUN At the regular Cabinet meeting held on Wednesday, Minister of Finance J.Erdenebat and Minister of Mining R.Jigjig were assigned with supporting the gold mining industry to ensure economic growth, promoting the development of the sector, and increasing the nation’s foreign currency reserves. The ministers were also obliged with studying investments for gold deposits [...]

March 13th, 2015 | Posted in Business & Economics | Read More »

State employees to qualify for lower down payments on new apartments


By Ch.KHALIUN The Governor’s Office draft on reducing the down payment required for the purchase of new apartments by city and state employees and citizens with low income is awaiting final approval from the City Council. The draft was processed to sell apartments built for the redevelopment of ger districts, and to support efforts to [...]

March 9th, 2015 | Posted in Business & Economics | Read More »

Mongolia considers appeal or negotiation with Khan Resources


By Ch.KHALIUN On Wednesday, State Secretary of the Ministry of Justice J.Bayartsetseg made an official statement following the decision of the International Court of Arbitration on Khan Resources Inc.’s case against the Government of Mongolia, announcing the possibility to pursue an appeal or negotiation with the claimant. Mongolia has been ordered to pay over 100 [...]

March 8th, 2015 | Posted in Business & Economics | Read More »

Energy sector reviews 2014 and discusses future projects


By Ch.KHALIUN On Friday, authorities of the energy sector’s factories and companies held a consultative meeting to review year 2014 and discuss future projects, exchanging views on issues challenging the sector. The representatives discussed the sector’s productivity and performance in 2014, action reports, wintertime work from 2014 to 2015, its difficulties and solutions, an integrated [...]

March 1st, 2015 | Posted in Business & Economics | Read More »

Turquoise Hill sells its remaining stake in SouthGobi Resources


By Ch.KHALIUN New York and Toronto Stock Exchange listed Turquoise Hill Resources has decided to sell its remaining stake in SouthGobi Resources (22 percent) to Novel Sunrise Investments (headquartered in China) for 17 million CAD (13.5 million USD). Turquoise Hill sold 48.7 million shares for 0.35 CAD each. The price was 31 percent lower than [...]

February 26th, 2015 | Posted in Business & Economics | Read More »

Recently Commented

  • Ioan CARSTOCEA: Congratulations Bata! My father would have been very proud of you! I feel he is with us always and he is guiding our...
  • mongo detective: as we all know,china will be the most prominentest and strongest economic power in recent years,USA get out! although...
  • H: This article is funny. $10 – $12 billion for a 1,000km road? I imagine he is still waiting for the first stage investment.
  • mongo detective: all the so small scale banks but china
  • bubby: What a wise woman I am so proud of her I want to learn how to do meditation.