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

Japanese Ambassador talks about trade cooperation and relations with Mongolia

Shimuzu Japan elchin said Said Muugi (1) ---

By Ch.KHALIUN In 2015, Prime Minister Ch.Saikhanbileg and his Japanese counterpart Shinzo Abe signed an economic partnership agreement (EPA). Through the EPA, Mongolia and Japan agreed to directly or gradually lift 90 percent of import taxes within 10 years. In particular, Mongolia will decrease import tariffs on 5,700 goods in 97 categories, while Japan will [...]

February 23rd, 2016 | Posted in Business & Economics | Read More »

Light industry representatives discuss cooperation and relations


By Ch.KHALIUN The Light Industrial Policy Coordination Department of the Industry Ministry met with representatives from unions engaged in light industry activities to discuss cooperation and relations at the Mongolian Wool and Cashmere Association headquarters last Thursday. During the meeting, the parties discussed this year’s plans and exchanged views and information on regulations being processed [...]

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

Mineral Resources Sector 2025 focuses on rural development


By Ch.KHALIUN This year’s Mineral Resources Sector 2025 Forum took place yesterday at The Corporate Hotel, and was organized under the title “Comprehensive rural development-partnership”. The forum attendees focused on and discussed issues concerning partnership and cooperation with local residents for carrying out mining activities. They exchanged views on opportunities benefitting both sides. Forum attendees [...]

February 18th, 2016 | Posted in Business & Economics | Read More »

Mineral Resources Sector 2025 to take place tomorrow

erdes bayalag 2025-II heleltsuuleg  hartsaga

By Ch.KHALIUN On February 18, Mineral Resources Sector 2025-II will be organized by the Mongolian Mining Ministry and Integrated Mineral Resources Initiative (IMRI) of the German Agency for International Cooperation (GIZ), with the aim to improve collaboration between the government and entities owning special mining licenses. During the forum, participants will introduce changes to the [...]

February 17th, 2016 | Posted in Business & Economics | Read More »

1 billion MNT in sales made at Tsagaan Sar 2016 trade fair


By Ch.KHALIUN This year, around 450 domestic producers participated in the annual Tsagaan Sar trade fair and showcased domestic food and goods for twelve days at Hunnu Mall, Night Market, and Mongol Outlet, where a total of one billion MNT in products were sold to customers. The trade fair opened on January 27 and ended [...]

February 15th, 2016 | Posted in Business & Economics | Read More »

Interest rate for loans to herders lowered to 18 percent


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

PicMonkey Collage

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

hartsaga (13)

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


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


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 »

Recently Commented

  • Oyun: www.theblueeconomy.org
  • Honheree: It is a sad and awful sight to see so many animals dead from dzuds. These have happened in the past and since 2004 there have...
  • Harvey Dent: Mongolia does not get 476,000 tourists a year. Its gets 476,000 arrivals, most of these are Chinese construction workers....
  • Honheree: It is good but unusual that a Mongolian is so forthright. I am D. Ganbold will be criticised by Mongolians for telling the...
  • Honheree: Be thankful Mongolia is so cheap. In USA lamb in stores costs 69,281 MNT /kg and sirloin which is cheaper cut of beef is...