1 NEW ZUUNMOD CITY PLANNED AS AN ECO-FRIENDLY CITY WWW.MONTSAME.MN PUBLISHED:2025/01/28      2 MONGOLIAN BALLET DANCERS EARN EIGHT MEDALS AT THE WORLD BALLET GRAND PRIX WWW.MONTSAME.MN PUBLISHED:2025/01/28      3 DRUG-RELATED CRIMES ON RISE IN MONGOLIA IN 2024 WWW.XINHUANET.COM PUBLISHED:2025/01/28      4 OVERNIGHT TEMPERATURE DROPS TO MINUS 44.4 DEGREES CELSIUS IN WESTERN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2025/01/28      5 OZEKI HOSHORYU BYAMBASUREN WINS EMPEROR'S CUP AT HATSU BASHO WWW.MONTSAME.MN PUBLISHED:2025/01/28      6 ‘SWITCHING TO 3-TARIFF METERS CAN LOWER ELECTRICITY BILLS’ WWW.UBPOST.MN PUBLISHED:2025/01/28      7 LAOTIAN ENTREPRENEURS INTERESTED IN MONGOLIAN LEATHER, VODKA, AND MEAT WWW.GOGO.MN PUBLISHED:2025/01/28      8 MBD LAUNCHES A PERMANENT ACTIVITY IN THAILAND WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2025/01/24      9 PRIME MINISTER OYUN-ERDENE: WE WILL IMPLEMENT UNPRECEDENTED, LARGE-SCALE REFORM OF STATE-OWNED ENTERPRISES WWW.MONTSAME.MN PUBLISHED:2025/01/24      10 MONGOLIA AND ITALY SIGN AGREEMENT ON AVIATION RELATIONS WWW.MONTSAME.MN PUBLISHED:2025/01/24      МОНГОЛ УЛС 2024 ОНД $70 САЯАР САМНАСАН НООЛУУР ЭКСПОРТОЛСОН НЬ ӨМНӨХ ОНООС 27 ХУВИАР БУУРАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/28     НЭРИЙН БАРАА, БҮТЭЭГДЭХҮҮНИЙГ ЗАХ ЗЭЭЛДЭЭ ХАРИЛЦАН НИЙЛҮҮЛЭХИЙГ ЭРМЭЛЗЭЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/28     УИХ ТӨМӨР ЗАМЫГ ХОЛБОХ, НҮҮРС ХУДАЛДАХ, ТАВАНТОЛГОЙН ХҮЧИН ЧАДЛЫГ НЭМЭГДҮҮЛЭХ ХЭЛЭЛЦЭЭРТ ГАРЫН ҮСЭГ ЗУРАХЫГ ЗӨВШӨӨРӨВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/01/28     "ENTRÉE RESOURCES” C$5.7 САЯЫГ ТАТАН ТӨВЛӨРҮҮЛЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/28     TMK ENERGY: 2024 ОНЫ ЭЦЭСТ НЭМЭЛТ ХУВЬЦАА ГАРГАЖ, $4.75 САЯЫН САНХҮҮЖИЛТ ТАТСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/28     “RE/MAX MONGOLIA”-ИЙН 2024 ОНЫ БОРЛУУЛАЛТ ₮1.5 ИХ НАЯД БОЛЖ, ТҮҮХЭН ДЭЭД ТҮВШИНД ХҮРЭВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/01/28     32 КМ ҮРГЭЛЖЛЭХ ТУУЛЫН ХУРДНЫ ЗАМЫГ 24 САРЫН ХУГАЦААНД БАРИНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/28     MBD ТАЙЛАНД УЛСАД БАЙНГЫН ҮЙЛ АЖИЛЛАГАА НЭЭЖ БАЙНА WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2025/01/24     Л.ОЮУН-ЭРДЭНЭ: УЛААНБААТАР ХОТЫГ АМЬДРАХАД ТААТАЙ, АМЬД ХОТ БОЛГОХООР ТӨЛӨВЛӨӨД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/01/24     ИМПОРТЫН ГУРИЛЫН ТАТВАР ТЭГЛЭСНИЙГ ХҮЧИНГҮЙ БОЛГОНО WWW.NEWS.MN НИЙТЭЛСЭН:2025/01/24    

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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New Zuunmod City Planned as an Eco-Friendly City www.montsame.mn

On January 27, 2025, Authorized Representative of the Government of Mongolia in Charge of Governing New Zuunmod City Batbayar Munkhuu provided updates on the progress of New Zuunmod City during a briefing with officials.
New Zuunmod satellite city is designated to implement the special functions of the capital city, Ulaanbaatar, and is projected to cover an area of 31,501 hectares. The key infrastructure of the satellite city will be built through public-private partnerships, including 128.5 kilometers of roads, a thermal power plant with a capacity to produce 250 MW of electricity and 465 MW of heat, and a wastewater treatment plant with a capacity to process 20,000 cubic meters of wastewater per day.
The General Development Plan for New Zuunmod City was approved by Resolution No. 143 of the Government of Mongolia in 2022. According to the Plan, the city will feature a free economic zone for trade, services, administration, transport logistics, manufacturing, an international airport, air cargo facilities, and resource management. Furthermore, the Plan includes the construction of university campuses, research and development centers, and wholesale and retail trade hubs.
Authorized Representative of the Government Batbayar Munkhuu stated, “A wastewater treatment plant, with a capacity to process 20,000 cubic meters of wastewater daily, will be built between New Zuunmod City and Zuunmod City. In the first phase, a treatment plant with a capacity of 3,000 cubic meters per day is currently being designed by the “Naran Rashaant” company, with 96 percent of the design work completed. In terms of communication infrastructure, “Mon Cable Systems” is constructing an underground fiber-optic cable network, including a 22-kilometer line with 96 cores and a 17-kilometer line with 48 cores. The construction work is approximately 50 percent complete. Furthermore, a comprehensive plan with the concept of “Zero Energy City” to develop the New Zuunmod City into a smart and sustainable city powered by renewable energy will be presented to the Government.”
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Mongolian Ballet Dancers Earn Eight Medals at the World Ballet Grand Prix www.montsame.mn

Mongolian ballet students from the National Ballet School of Mongolia under the Mongolian Ballet Development Foundation successfully participated in the “World Ballet Grand Prix Tokyo” held on January 21-23, 2025, in Tokyo, Japan, earning a total of eight medals.
In the team category, the "Exotika" group, aged 6-8, led by teacher T. Enkhsuren, and the "Copellia" group, aged 9-11, led by instructors Ch. Ganchimeg and Ts. Jargalan, won gold medals. In the individual category, ballerinas Ch. Gegeen, A. Tanangoo, and Z. Anirlan each secured bronze, while M. Inguumel scored the silver medal and Ts. Amina earned an honorable mention. Notably, in the Best Artist category, A. Tanangoo won the gold medal.
The World Ballet Grand Prix, organized by the International Federation of Ballet Competitions (FIBC) of UNESCO and the international ballet organization “Shoryu,” aims at promoting ballet development. In addition to participating in the competition, students also took part in a joint training program. The competition saw the participation of young ballet dancers from more than 20 countries, competing in four age categories.
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Drug-related crimes on rise in Mongolia in 2024 www.xinhuanet.com

Mongolia saw a rise in drug-related crimes in 2024, with the total number of registered cases increasing by 13 percent compared to the previous year, local media reported on Monday, citing the country's State General Prosecutor's Office.
The Asian nation, with a population of 3.5 million, documented 405 drug-related crimes last year, according to the prosecutor's office.
The majority of the 228 individuals involved in these cases were young adults aged 18 to 30, making up 69.4 percent. In terms of gender, 86 percent of those implicated were male, and 63.6 percent of offenders were reported as unemployed.
The country's National Police Agency attributed the rise in drug-related crimes to factors including lack of public knowledge about drugs, curiosity, attempts to make easy money and weak law enforcement.
Under Mongolian law, individuals convicted of drug trafficking face a minimum prison sentence of two years.
The rising prevalence of drug-related offenses highlights the urgent need for enhanced preventive measures, public awareness campaigns, and law enforcement efforts to tackle the issue and safeguard vulnerable groups, particularly unemployed youth.
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Overnight temperature drops to minus 44.4 degrees Celsius in western Mongolia www.xinhuanet.com

Temperatures plunged to minus 44.4 degrees Celsius in Otgon soum, an administrative subdivision of Zavkhan province in western Mongolia, during the overnight hours from Saturday to Sunday, the country's National Agency for Meteorology and Environmental Monitoring said Monday.
This is the coldest temperature recorded in Mongolia so far this winter, the weather monitoring agency in a statement.
The agency has forecasted that most parts of Mongolia will experience colder temperatures than the long-term average throughout the winter.
Mongolia is notorious for its harsh winters, largely influenced by the Siberian high-pressure system.
With its strongly continental climate, the Asian country endures long and bitterly cold winters when temperatures of minus 25 degrees Celsius are typical.

 
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Ozeki Hoshoryu Byambasuren Wins Emperor's Cup at Hatsu Basho www.montsame.mn

The 2025 Hatsu Basho, Grand Sumo Tournament, concluded at Ryogoku Kokugikan National Sumo Arena after 15 days of fierce competition. Mongolian sumo wrestler Ozeki Hoshoryu Byambasuren Sugarragchaa emerged victorious, clinching his second Emperor’s Cup with a 12–3 record.
On the final day, Hoshoryu squared off in two additional bouts, defeating Kazakhstan’s Kinbozan and Ōhō Kōnosuke, the grandson of legendary Yokozuna Taihō, sealing his triumph. This victory marks the 103rd championship captured by Mongolian sumo wrestlers in the 23 years since they entered professional sumo and is Hoshoryu’s first as an Ozeki.
Following his outstanding performance, Hoshoryu Byambasuren’s promotion to the Yokozuna title will be deliberated by the Japan Sumo Association and the Yokozuna Deliberation Council. If approved, Hoshoryu Byambasuren will become the 74th Yokozuna in professional sumo history and the sixth Yokozuna from Mongolia.
In the history of professional sumo, Grand Champion Hakuho Davaajargal holds a record 45 championships, followed by Asashoryu Dagvadorj 25, Yokozuna Terunofuji Gan-Erdene 10, Harumafuji Byambadorj 9, and Kakuryu Anand with six championships. Hoshoryu Byambasuren is now a two-time champion, joining Maegashira Tamawashi Munkh-Orgil and Kirishima Lkhagvasuren, who also hold two championship titles each. Kyokutenho Tsevegnyam and Ichinojo Ichinnorov have each won one championship.
Kirishima Lkhagvasuren made an impressive comeback after three straight losses at the start of the tournament, ultimately finishing with 11 wins and earning the Kanto-Sho or the Fighting Spirit Prize. He is set to compete at the rank of Komusubi in the Spring Basho. Meanwhile, 40-year-old Tamawashi Munkh-Orgil posted nine wins, while Oshoma Delgerbayar finished with eight, Tamashoho Erdenebileg six, Onokatsu Choijilsuren seven, and Chiyoshoma Munkhsaikhan nine wins.
Of the 19 Mongolian wrestlers who competed in the Hatsu Basho, one secured the championship title, while 11 achieved kachikoshi, finishing with more wins than losses. Additionally, Yokozuna Terunofuji Gan-Erdene, the 73rd Grand Champion, withdrew from the tournament midway through and announced his retirement.
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‘Switching to 3-tariff meters can lower electricity bills’ www.ubpost.mn

The Ulaanbaatar Electricity Distribution Network (UEDN) reported on January 24 that households can potentially reduce their electricity bills by switching from two-tariff meters to three-tariff meters. They also highlighted that adjusting electricity usage during peak hours, particularly between 5:00 p.m. and 10:00 p.m., can lower bills by 20 percent or more.
For households with two-tariff meters, electricity tariffs are structured based on consumption levels. For consumption between 0 and 150 kWh, the tariff is 182 MNT during the day and 147 MNT at night. For consumption between 150 and 300 kWh, the tariff is 225 MNT during the day and 160 MNT at night. For consumption exceeding 300 kWh, the tariff is 265 MNT during the day and 160 MNT at night.
Electricity bills increase significantly as consumption rises. For households using more than 300 kWh, the bill increases by more than 60 percent, while for those consuming over 150 kWh, the bill increases by less than 30 percent. Therefore, the UEDN advises consumers to optimize their electricity usage patterns and consider switching to three-tariff meters to save on energy costs.
Energy Project Manager in the Capital City R.Dagdan also shared an update on the current state of the energy system. This winter, the total energy load on the system has reached 1,500 to 1,600 MW. Ulaanbaatar, which accounts for over 60 percent of the country’s total energy consumption, has an average load of 1,245 MW. Notably, Ulaanbaatar has successfully addressed the energy deficit it faced during the 2023-2024 winter. The city has managed to make up for the 200 MW capacity shortage it experienced last year. This was achieved with the addition of the 150 MW Buuruljuut power plant and the 50 MW Baganuur battery storage plant, both of which began supplying energy to the central system in December 2024. These new sources have played a crucial role in stabilizing the energy supply and meeting the city’s growing demand, he said.
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Laotian Entrepreneurs Interested in Mongolian Leather, Vodka, and Meat www.gogo.mn

The 12th meeting of the Mongolia-Laos Intergovernmental Commission is currently taking place in Laos, with a delegation led by Mongolia's Minister of Road and Transport Development, B. Delgersaikhan, in attendance.
Laotian entrepreneurs have expressed interest in importing leather, meat products, and Mongolian vodka into their market. According to Ambassador Khoungeun Souvannalath, these products could also be distributed to ASEAN countries through the Lao market.
Meanwhile, Laos is ready to export coffee, tea, rice, and fruits to the Mongolian market.
B. Saruul, Secretary-General of the Mongolian National Chamber of Commerce and Industry (MNCCI), is participating in the meeting, along with L. Turod, President of the MNCCI. They aim to strengthen cooperation between the chambers of the two countries and explore business opportunities by meeting with relevant officials.
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MBD launches a permanent activity in Thailand www.mongolianbusinessdatabase.com

MBD (Mongolian Business Database) is opening a full time permanent operation in Thailand in order to strengthen bilateral trade ties and promote B2B (Business to Business) communication between Mongolia and Thailand.
Dashnyam Jargalsaikhan (Mr) who appointed as a Director of “MBD Thailand” is an experienced executive with over 9 years of expertise in driving business growth through data-driven digital marketing strategies. He specializes in crafting tailored marketing plans that enhance online presence, optimize conversions, and foster long-term customer relationships. With a strong background in leading cross-functional teams and executing high-impact campaigns, Dashnyam has consistently exceeded targets, boosting ROI and maximizing sales performance.
He has successfully led digital marketing initiatives in various roles, including as a Digital Marketing Executive at Pinecone Coding Academy (USA), Chief Executive Officer at TenGer Systems, Chief Marketing Officer at Ard Financial Group, and Digital Marketing Executive at AND Global (AND Solutions) where he played a pivotal role in scaling operations and increasing user engagement.
Dashnyam's leadership and innovative strategies have also contributed to the growth of fintech solutions at Ard Financial Group, where he drove successful digital campaigns, increased user engagement, and significantly grew the active user base. He co-founded and led BZP Digital & Inbound, a digital marketing agency that pioneered conversion rate optimization services locally, and has extensive experience in SEO, paid media, content strategy, lead generation, and analytics tools.
Known for his strategic thinking, decision-making, and ability to navigate complex challenges, Dashnyam continues to stay ahead of industry trends, leveraging emerging technologies to drive sustained business success. Notably, Dashnyam was recognized as the official regional winner of Apprentice Season 2, the franchise of the Donald Trump-led show.
Please feel free to contact Dashnyam.J Director of MBD Thailand at dashnyam@mongolianbusinessdatabase.com e mail or 66 080 438 8554 mobile number for the related inquiries.
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Prime Minister Oyun-Erdene: We will Implement Unprecedented, Large-scale Reform of State-Owned Enterprises www.montsame.mn

Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai addressed the plenary session of the State Great Khural on January 23, 2025, presenting the draft Law on Improving Productivity, Transparency, and Governance of State-Owned and Locally-Owned Enterprises.
Although the doubling of the Mongolian economy from MNT 43 trillion in 2021 to MNT 82 trillion in 2024 is remarkable, we need to improve the investment and business environment by making transitions in human resources, to artificial intelligence, advanced technology, and green transition, in order to create a new economic structure," noted the Prime Minister.
Premier Oyun-Erdene noted that during its regular session on January 22, 2025, the Cabinet discussed the "Business Friendly Mongolia" Program and approved a Resolution to improve the investment and business environment based on the good practices of diversifying the economy, following the example of Bahrain. The Resolution invites international experts to work in the Economic Council under the Prime Minister, awarding the best experts from around the world to work in Mongolia with gold, silver, and bronze Gerege.
The Premier highlighted that, similar to the E-Mongolia program based on the good practices of Estonia's electronic transition, the Government is researching the investment, tax, and other legal environments of other countries for doing business and is preparing to submit it to the State Great Khural for discussion during its spring session.
Premier Oyun-Erdene stated, “Within an overall goal of improving Mongolia's business environment, the Government is submitting a draft Law on Improving the Productivity, Transparency, and Governance of State-Owned and Locally-Owned Enterprises to the Parliament. Since 2012, the Organization for Economic Co-operation and Development (OECD) has reported that 44 percent of all state-owned companies have experienced management crises due to poor business plans and financial performance, politically influenced appointments, and underperforming personnel. Of the more than 120 state-owned companies operating, only 10 companies generate 85 percent of total profits. 43 of them have been operating at a loss. Notably, draft laws similar to this had been drafted and submitted to the Parliament three times in the past, but the planned reform had failed due to lobbying by state-owned companies.
I am confident that the new 126-member parliament, which is formed from a mixed election system, will be able to fulfill its historic role of reforming the governance of state-owned companies on an unprecedented scale, just as it managed to get major development projects off the ground and move them forward.
With the adoption of this law, the requirements for the governance of state-owned companies will be brought into line with the principles of the OECD (Organization for Economic Cooperation and Development), and mining companies will be organized under the “Erdenes Mongol” consortium and non-mining companies under the “Erchist Mongol” consortium, transferring them to the international management system, and improving the efficiency and value of companies.
Under the law, if state-owned companies do not conform to the principles of the OECD, they will be merged, liquidated, privatized, or reorganized as public service organizations.
With this reorganization, the duplication in structures and functions of state-owned legal entities and their costs will be reduced, and the number of state-owned companies will be halved in the future.
In other words, strategically important state-owned companies, which directly affect national security and should not be transferred to the private sector will be brought into line with the international principles of governance, and other companies will be reorganized under this law."

 
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Mongolia and Italy Sign Agreement on Aviation Relations www.montsame.mn

Marking the 55th anniversary of the establishment of diplomatic relations between Mongolia and the Italian Republic, State Secretary of the Ministry of Roads and Transport Development of Mongolia Batbold Sandagdorj and Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of the Italian Republic Antonio Tajani signed an Agreement on Aviation Relations.
The Agreement aims at expanding and developing international cooperation in the aviation sector between Mongolia and Italy, establishing a legal framework for direct flights between the two countries, and laying the foundation for broader cooperation across various sectors. It will help promote economic relations and boost trade turnover.
In recent years, trade between Mongolia and Italy has steadily increased, with bilateral trade turnover ranging from USD 150 to 188 million between 2022 and 2024. Italian enterprises producing knitted and woven goods have been importing combed wool and cashmere from Mongolia, comprising a major portion of exports from Mongolia to Italy, and this volume is expected to grow further.
Transporting raw materials by sea and land is time-consuming and faces numerous customs and logistical challenges. Therefore, Italian companies are keen on air freight. The Intergovernmental Agreement on Aviation Relations is vital not only for tourism and passenger transport but also for developing freight cargo operations.
The Ministry of Road and Transport Development reported that the two sides have agreed to collaborate on developing aviation relations between the two countries, expanding air transport services at regional and international levels, and fostering cooperation in road transport and other fields. The two countries will also collaborate in establishing an "International Road Transport Agreement" between the Government of Mongolia and the Government of the Italian Republic, as well as expediting mutual recognition of driver's licenses.
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