1 VALE EVACUATES 200 PEOPLE FROM TOWN NEAR ITS MAR AZUL MINE WWW.MINING.COM PUBLISHED:2019/02/17      2 TOOTH PLAQUE SHOWS DRINKING MILK GOES BACK 3,000 YEARS IN MONGOLIA WWW.SCIENCENEWS.ORG  PUBLISHED:2019/02/17      3 INCREASING NUMBER OF CHINA-EUROPE FREIGHT TRAINS SUPPORTS MONGOLIA'S ECONOMY: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/17      4 TAX REVENUE INCREASES BY 33.7 PERCENT WWW.MONTSAME.MN PUBLISHED:2019/02/17      5 COPPER MINER'S $10B BET COMES TO LIFE IN PANAMA JUNGLE WWW.MINING.COM PUBLISHED:2019/02/15      6 TRADE UNIONS REQUEST PM TO FOCUS ON INTEREST RATE CUT WWW.ZGM.MN PUBLISHED:2019/02/15      7 MONGOLIA’S HOURLY WAGE TO REACH USD 1 WWW.NEWS.MN PUBLISHED:2019/02/15      8 US NARCOTICS BY POST TO MONGOLIA! THREE ARRESTED WWW.NEWS.MN PUBLISHED:2019/02/15      9 WRITER D.URIANKHAI NOMINATED FOR THE NOBEL PRIZE WWW.MONTSAME.MN PUBLISHED:2019/02/15      10 MONGOLIA-CHINA-RUSSIA ECONOMIC CORRIDOR BENEFITS ALL SIDES: OFFICIAL WWW.XINHUANET.COM PUBLISHED:2019/02/15      “ОЮУ ТОЛГОЙ” КОМПАНИ 570 ТОННЫ ДААЦТАЙ CAT БРЭНДИЙН ГИДРАВЛИК ЭСКВАТОРООР ХҮЧЭЭ СЭЛБЭЛЭЭ WWW.GOGO.MN  НИЙТЭЛСЭН:2019/02/15     ӨРХИЙН САРЫН ДУНДАЖ ОРЛОГО 78,000 ТӨГРӨГӨӨР ӨССӨН Ч ЗАРЛАГА ДАВСАН ХЭВЭЭР БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2019/02/15     АВСТРАЛИЙН ЭЛЧИН САЙД ДЭВИД МЭТЬЮ ВОСЭН ИТГЭМЖЛЭХ ЖУУХ БИЧГЭЭ ӨРГӨН БАРИВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/15     2018 ОНД МОНГОЛ УЛСЫН ЭДИЙН ЗАСАГ 6.9 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     МХБ: II/15-НЫ БАЙДЛААР 8 КОМПАНИ ХЭХ-ЫН ТОВОО ГАРГААД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     2017 ОНД 1.9 ТЭРБУМ ТӨГРӨГИЙН АЛДАГДАЛТАЙ АЖИЛЛАСАН “УЛААНБААТАР БҮК” 2018 ОНД 566 САЯ ТӨГРӨГИЙН АШИГТАЙ АЖИЛЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/15     ОРХОН ТҮҮХИЙ НҮҮРСНЭЭС ТАТГАЛЗСАН АНХНЫ АЙМАГ БОЛНО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2019/02/15     АТГ-ААС НЭР БҮХИЙ 6 ШҮҮГЧИЙГ ШАЛГАЖ ЭХЭЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/02/15     МОНГОЛ УЛС ДЭЛХИЙН 77 ОРОНД БАРАА ЭКСПОРТОЛСНООС ХЯТАДАД 93%-ИЙГ НЬ НИЙЛҮҮЛЖЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14     АВТО МАШИНЫ ИМПОРТ 2018 ОНД 30% ӨСӨЖ, 86,296-Д ХҮРЧЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2019/02/14    

Events

Name organizer Where
“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ Mongolian Business Database London UK
SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA The Center for American and International Law (CAILAW) Plano Texas June 17-18 2019
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Mongolian poverty rate estimated at nearly 30 pct www.news.xinhuanet.com

ULAN BATOR, Oct. 19 (Xinhua) -- Nearly one in three Mongolians were living in poverty in 2016, according to a report released on Thursday.

The report, titled "Poverty Situation -- 2016" and released by Mongolia's National Statistical Office and the World Bank, found that the poverty rate increased by eight percentage points from that of 2014 to hit 29.6 percent.
It means that nearly a million Mongolians out of a population of 3 million were living in poverty.
Mongolia's economic growth has been slowing in recent years. Growth was 7.9 percent in 2014 but fell to 1.2 percent last year.

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Mongolian sovereign bond repayment plan in 2018 www.news.mn

In January 2018, Mongolia is expecting to repay the 'Chinggis' sovereign bond of USD 500 million and the DIM Fund’s bond of USD 160 million in May. According to former Finance Minister B.Choijilsuren, Mongolia will be able to repay bonds on time. He said, ‘we have created the financial situation which can make the repayment of the two bonds valuing a total of USD 660 million possible before the new cabinet begins operation’.

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Vnesheconombank finances agricultural equipment exports to Mongolia www.veb.ru

Vnesheconombank has provided financing for a project to supply Russian manufactured agricultural machinery to Mongolia within a USD10m facility granted to Development Bank of Mongolia.

The export project brings together seven Russian agri-machinery manufacturers: Combine Plant Rostselmash LLC, JSC Clever, JSC Buzuluk Heavy Engineering Plant, Voronezhselmash LLC, Kazanselmash LLC, Basis LLC, Omskagroservis LLC.

According to Nikolay Tsekhomsky, Vnesheconombank First Deputy Chairman - Member of the Board, the deal marks the continuation of successful cooperation between Vnesheconombank and Development Bank of Mongolia, paving the way for Russian exporters to Mongolian market and for Mongolian partners - to Russian equipment supplies on favourable terms using export credit funding.

Vnesheconombank and Development Bank of Mongolia are now considering the possibility of joint implementation of other high-potential Russian export projects in Mongolia.

Development Bank of Mongolia was founded in 2011 by Order of the Mongolian Government. The bank’s sole shareholder is the Mongolian Government. The activity of the bank is governed by the Development Bank Act. The bank specializes in financing projects with positive commercial and social impact. The bank’s consolidated assets as at 30.06.2017 amounted to USD129.3m, with equity capital of USD431m and 2Q2017 income of USD43.4m.

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Mongolia forms new government www.news.xinhuanet.com

ULAN BATOR, Oct. 19 (Xinhua) Mongolia formed a new government, led by Prime Minister Khurelsukh Ukhnaa, on Thursday after two days of parliamentary discussions.

The new cabinet is expected to tackle challenges of reducing poverty, recovering the economy, developing the country's mining industry and attracting foreign investments.
It is faced with heavy external and internal debts amounting to over 73 percent of the gross domestic product of the landlocked east Asian country.
The parliament confirmed Ukhnaa's appointment on Oct. 4. It dismissed in early September the former government led by Jargaltulga Erdenebat, who was allegedly violating parliamentary procedures by granting contracts to companies linked to three cabinet members.
On the cabinet list, Enkhtuvshin Ulzisaikhan is appointed as deputy prime minister, Zandanshatar Gombojav as head of the cabinet secretariat, Enkhbold Nyamaa as defense minister, Tsogtbaatar Damdin as foreign minister, Khurelbaatar Chimed as finance minister, Sumiyabazar Dolgorsuren as mining and heavy industry minister, Batzorig Batjargal as food, agriculture and light industry minister, Nyamdorj Tsend as justice and home affairs minister, and Davaasuren Tserenpil as energy minister.

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Elementary school children learn about Mongolia www3.nhk.or.jp

Elementary school children in Gosen City, Niigata Prefecture, have had an opportunity to learn about Mongolia. The city will host athletes from the central Asian nation during the 2020 Tokyo Olympics and Paralympics.

97 elementary school students in the city attended a special class on Wednesday given by Khurelbaatar Indra. She is a Mongolian who promotes international cultural exchanges in the prefecture.

The children learned about a Mongolian game, which is played by shooting sheep bones with the fingers. They also listened to a "morin khuur." It is a traditional stringed musical instrument.

During lunchtime, the children enjoyed 3 Mongolian dishes. One of them, stir-fried rice, is commonly served at home in the country.

Indra said she is happy to see exchanges between the prefecture and Mongolia developing further.

Gosen City receives Mongolian students every year. They participate in an exchange program and stay with local families. Gosen was chosen to be one of the host cities for Mongolian Olympic athletes during the upcoming summer games.

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October 19, 2017 trading report www.mse.mn

On October 19, 2017, 136,396 shares of 26 firms listed as Tier I, II, and III were traded. 13 firms’ shares increased in price, 9 decreased and 4 remained unchanged. Monnoos JSC /MNS/ was the top performer, increasing 12.16 percent, whereas Ar Bayarkhangai JSC /ABH/ was the worst performer, decreasing 12.00 percent.

On the secondary market for government securities, 1,584 bonds worth MNT158.2 million were traded.

The MSE ALL Index rose 0.18 percent to stand at 1,167.92 . The MSE market cap stands at MNT 2,287,585,337,317.

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Recession in Russia over & economy moving to growth - World Bank www.rt.com

The Russian economy has overcome the recession and returned to moderate growth this year, according to the latest report from the World Bank.

“The countries of Central Europe and the western part of the Balkan Peninsula continue to record steady GDP growth, while Russia and Belarus have emerged from the recession,” said the bank in its report on European and Central Asian economies.
It explained the Russian economy was supported by higher oil prices and macro stabilization.

The World Bank forecasts the economy will grow by 1.7 percent this year and next, and by 1.8 percent in 2019.

Alexey Druzginin / Anton Denisov / Russian Presidential Press OfficeRussian economy to grow steadily in next 5 years, but has capacity for more – IMF
"The medium-term growth forecast for Russia has slightly improved after a faster-than-expected recovery in demand on the domestic market and due to higher exports,” said the report.

“Structural reforms are required for the improvement of the Russian economy’s long-term growth.”

The bank’s experts have attributed economic risks to "low oil prices and the possible negative consequences” of the expansion of anti-Russian sanctions.

Last week, the International Monetary Fund (IMF) raised its forecast for Russia's 2017 GDP growth to 1.8 percent from its previous estimate of 1.4 percent. The IMF sees next year’s growth at 1.6 percent.

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Implementation of Vienna program of action for LLDCS discussed at UNGA session www.montsame.mn

Ulaanbaatar /MONTSAME/ Director of the Multilateral Cooperation Department of the Mongolian Foreign Ministry O.Enkhtsetseg attended a meeting of the 72nd Session of United Nations General Assembly Second Committee, which discussed the facing issues of landlocked developing countries (LLDCs).

The UN members presented an implementation course of the Vienna Program of Action for LLDCs (2014-2024) in their countries and highlighted the necessity of making efforts in improving infrastructure, business environment, strengthening private and public entities, producing VAT included products, financing infrastructure sector and increasing studies on investment and technical assistance.

O.Enktsetseg informed about the Mongolian Government’s policies and actions for implementing in the frameworks of the Vienna Program of Action and presented the national implementation progress and its priorities.
"Mongolia aims to join international and regional agreements to facilitate trade and transport, actively participating in regional economic integrations, and is cooperating with the two neighbors within the frames of ‘Belt and Road’ initiative, said O.Enkhtsetseg. She then informed that the Government decided to establish the Investment and Research Center for the Economic Corridor program and the National Committee on Trade Facilitation to ensure the implementation of WTO Trade Facilitation Agreement.

O.Enkhtsetseg further noted that the Mongolian Government of Mongolia is holding an international forum entitled 'Regional Transport and Logistics Cooperation' on October 19-20 in cooperation with United Nations Economic and Social Commission for Asia and the Pacific.

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World’s First Floating Wind Farm Begins Operating in Scotland www.bloomberg.com

The world’s first floating offshore wind farm started delivering electricity to the grid in the north of Scotland.

The Hywind project, built by Norwegian oil company Statoil ASA and Masdar Abu Dhabi Future Energy Co., has five turbines floating 25 kilometers (16 miles) off the coast of Peterhead, near Aberdeen. The project has a capacity of 30 megawatts and cost about 200 million pounds ($263 million) to construct.

“This marks an exciting development for renewable energy in Scotland,” said First Minister Nicola Sturgeon. “Hywind will provide clean energy to over twenty thousand homes and will help us meet our ambitious climate change targets.”

Wind turbines have been installed on seabeds since the 1990s. Taking them offshore typically increases wind speeds and reduces complaints from neighbors, but it has also been limited to relatively shallow seas. Floating turbines are expected to open the industry up to new markets like Japan, the U.S. west coast and Mediterranean, where seabeds drop off steeply from the coast.

“Hywind can be used for water depths up to 800 meters, thus opening up areas that so far have been inaccessible for offshore wind,” said Irene Rummelhoff, executive vice president of the New Energy Solutions business area at Statoil.

Batteries

Some of the energy generated by the turbines in the sea will be stored in batteries. Statoil has installed one of its Batwind lithium devices, which can store 1 megawatt-hour of power. This will help steady the flow of power generated by the wind farm.

The cost of conventional offshore wind farms has been plummeting in recent years. The U.K.’s latest renewable energy auction saw prices drop to 57.50 pounds per megawatt-hour, less than a third the cost of new nuclear in the U.K. Rummelhoff expects floating offshore wind to follow a similar trajectory.

“Statoil has an ambition to reduce the costs of energy from the Hywind floating wind farm to 40 to 60 euros per megawatt-hour by 2030,” she said in a statement. “Knowing that up to 80 percent of the offshore wind resources are in deep waters where traditional bottom fixed installations are not suitable, floating offshore wind is expected to play a significant role in the growth of offshore wind going forward.”

The Hywind project receives government support in the form of renewable obligation certificates. It gets 3.5 ROCs, which currently adds up to about 140 pounds per megawatt-hour, according to Statoil spokeswoman Elin Isaksen. This is on top of the U.K.’s wholesale power price which has averaged 48.75 pounds per megawatt-hour over the past year.

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National forum to be organized to reduce air pollution www.montsame.mn

Ulaanbaatar/MONTSAME/ At the initiative of the Mongolia’s President, a national forum on reducing air pollution will take place in Ulaanbaatar on October 23.

The Government and non- governmental organizations, unions, activists and scientists as well as companies producing eco-products will participate in the event.

The event will concentrate on activating actions to respond air pollutions in urban places, increasing public involvement, determining long, medium and short-term policies and actions that have to be implemented by the Government and on drawing up a proposal of actions in ensuring citizens’ right to live safely.

Prior to the forum, three panel meetings take place in Ulaanbaatar, namely; ‘Air-pollution in ger districts and decisive actions’ on October 18, ‘Motor vehicle emissions and decisive actions’ on October 19, and ‘Decentralization and decisive actions’ on October 20.

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