1 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      2 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      3 AIRBNB IS USING WHAT3WORDS TO LIST STAYS WITH MONGOLIAN NOMADS WWW.TECHCRUNCH.COM PUBLISHED:2018/11/20      4 LOCAL PRECIOUS METAL ASSAY LABORATORY PURIFIES 99 KG OF GOLD WWW.MONTSAME.MN PUBLISHED:2018/11/20      5 LEGISLATOR OF MONGOLIA'S RULING PARTY SUBMITS PROPOSAL ON DISMISSING GOVERNMENT WWW.XINHUANET.COM PUBLISHED:2018/11/20      6 SHOCK DECISION: CHINA CLOSES BORDER TO COAL IMPORTS FROM MONGOLIA WWW.NEWS.MN PUBLISHED:2018/11/20      7 STRATEGY INTRODUCED TO FOSTER PRIVATE SECTOR IN WESTERN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      8 MONGOLIA TO STRENGTHEN ECONOMIC TIES WITH RUSSIA WWW.XINHUANET.COM PUBLISHED:2018/11/19      9 VOLKSWAGEN TO SPEND $50 BILLION ON ELECTRIC CAR 'OFFENSIVE' WWW.CNN.COM PUBLISHED:2018/11/19      10 HABITABILITY OF MONGOLIA UNDER THREAT FROM CLIMATE CHANGE WWW.ADELAIDENOW.COM.AU PUBLISHED:2018/11/19      ЭРЧИМ ХҮЧНИЙ ИХ АЧААЛАЛ 973 МВТ-Д ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/20     ЗАСГИЙН ГАЗРЫГ ОГЦРУУЛАХ БИЧИГ ӨРГӨН БАРЬСНЫ ДАРАА "ГЭРЭГЭ" БОНДЫН ХАНШ БУУРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     ХАЙНАНЬД ЗУГААЛАХ ГЭСЭН МОНГОЛЧУУД УЛААН-ҮҮДЭЭС НИСЭХ ТАСАЛБАРЫГ ХУУ ХАМЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/20     ГАШУУНСУХАЙТ БООМТ: ЖОЛООЧ НАРЫН МЭДЭЭЛЛИЙГ УРЬДЧИЛАН ЯВУУЛАХ БАЙДЛААР АСУУДЛЫГ ШИЙДВЭРЛЭХЭЭР БНХАУ-ТАЙ ТОХИРОЛЦЛОО WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     ЗАМЫН НӨХӨӨС, 100 ГАРУЙ ТӨРЛИЙН РЕЗИНЭН БҮТЭЭГДЭХҮҮН ДОТООДОД ҮЙЛДВЭРЛЭЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/20     АЛТНЫ ОЛБОРЛОЛТ ЭДИЙН ЗАСГИЙГ ДЭМЖИЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛЫН АНХНЫ ХУВИЙН ХӨРӨНГИЙН БИРЖИЙН ХОЁР ДАХЬ БҮТЭЭГДЭХҮҮН: “ПАРК ТАУН” БОНД WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/20     МОНГОЛ, ОХУ-ЫН ТЭЭВРИЙН САЛБАРЫН ХАМТЫН АЖИЛЛАГААГ ӨРГӨЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/20     БНХАУ-ЫН ОЛОН УЛСЫН ИМПОРТЫН ҮЗЭСГЭЛЭН БНХАУ-ОХУ-ЫН БИЗНЕСИЙН ХАРИЛЦААГ ӨРГӨЖҮҮЛЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/19     АМЧАМ МОНГОЛ 2018 ОНЫ ЖИЛИЙН ТАЙЛАНГИЙН ХУРЛАА АМЖИЛТТАЙ ЗОХИОН БАЙГУУЛЛАА WWW.IKON.MN НИЙТЭЛСЭН:2018/11/19    

Events

Name organizer Where
Frontier's "Invest Mongolia Tokyo 2018" Frontier Securities Tokyo Japan
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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First restaurant in Russian capital accepts payment in bitcoin www.rt.com

A central Moscow restaurant has become the first in the capital to accept bitcoin. Valenok, named after traditional Russian footwear, said it would accept the cryptocurrency if there is demand.

"We want to keep pace with the time. If there is a demand from guests for payment with bitcoin, we will even install special ATMs to exchange bitcoins for providing the proper level of service to our guests," restaurant spokesman Mikhail Petukhov told RIA Novosti.

Valenok is located on the Tsvetnoy Boulevard in the center of Moscow. An average main course in the restaurant costs about $10.

"The restaurant generates a QR code containing the desired amount and address of his purse. Then, the client scans this QR code using his bitcoin application on a smartphone and makes payment," Petukhov explained.

Burger King in Russia has said the fast food chain would accept bitcoin in the country by the end of the year.

As of now, bitcoin and other cryptocurrencies are not recognized by the Russian central bank. However, the blockchain technology behind it is more than just a currency and could be used to speed up and simplify cross-border payments and make clearing and settlement easier.

The value of bitcoin and other cryptocurrencies has plunged nearly 20 percent over the last two weeks, but it has been a correction from all-time highs. Digital money has still grown over 150 percent this year.

On Wednesday, bitcoin was trading at $2,581, while rival ethereum was at $307.

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Tsetsii rises in Mongolia www.renews.biz

The first Vestas V90 2MW turbine has been installed at the 50MW Tsetsii wind farm in the Gobi desert in southern Mongolia.

Wood Group’s clean energy business has been appointed owner’s engineer during construction by the project’s developer Clean Energy Asia, having previously finalised the feasibility study and environmental and social impact assessment.
Clean Energy Asia is a joint venture between Mongolia’s Newcom Group and Japanese Softbank Energy.
The 25-turbine project is scheduled to be fully operational by the end of the year.
Wood Group is currently providing project management support, site monitoring, design and technical reviews, and factory acceptance test witnessing as the owner’s engineer.
Wood Group clean energy implementation team leader Brian Macdonald said: “After several years of involvement and supporting the project from its feasibility phase and through pre-construction, it is extremely rewarding for me and the team to see the construction entering into its final stage.”

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EU extends economic sanctions against Russia for another six months www.rt.com

The European Union has prolonged anti-Russia economic sanctions, keeping restrictions on business with Russian energy, defense, and financial sectors until January 31, 2018.

According to a release published on Wednesday, the “decision follows an update from President Macron and Chancellor Merkel to the European Council of 22-23 June 2017 on the implementation of the Minsk Agreements.”

Russian presidential spokesman Dmitry Peskov said the Kremlin takes the EU’s extension of sanctions “negatively and with sorrow.”

Last week, EU leaders confirmed their decision to keep sanctions in place, with the President of the European Council Donald Tusk tweeting "Agreed. EU will extend economic sanctions against Russia for their lack of implementing the Minsk Agreement."

The sanctions were first introduced over the crisis in Ukraine and the Crimea reunification in 2014. They include an arms export ban, limited access to finance for Russian banks, and travel bans for over 150 individuals. Many measures, specifically, prohibit financial interactions with Crimea.

In response, the Kremlin imposed an embargo on EU agricultural produce, food and raw materials. Since then the sides have repeatedly broadened and extended the restrictive measures.

Russian President Vladimir Putin said the embargo on certain Western food products was good for Russia’s economy and should last "as long as possible." He explained the ban is also in consumer interests, with high-quality products at lower prices becoming more available.

Prime Minister Dmitry Medvedev said the measures introduced stimulate domestic production and many Russian companies have been asking the government to keep them.

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65 km new paved road opens for traffic www.montsame.mn

Ulaanbaatar /MONTSAME/ Construction of 65 km paved road out of total 95 km road in an intersection of the Dulaankhaan-Eruu-Khuder was completed and put into operation on June 23. Minister of Road and Transport Development D.Ganbat, MP N.Oyundari, and Director of the Darkhan Metallurgical Plant D.Batjavkhlan attended the opening ceremony.

A "Mining and Metallurgical Complex” project is ongoing under concession agreement, aiming to put state-owned iron ore deposits in Darkhan-Selenge region into economic circulation and expand the capacity and the activities of the Darkhan-Metallurgical Plant through technical and technological renovation. The concession contract contains two projects, construction of railway and freight terminal and paved road.

‘Peak Development’ Company is implementing the 95 km paved road project, which connects Tumurtei iron ore deposit with the national auto road of Darkhan-Selenge. Base and road dam construction works of the remaining 30 km paved road completed and pavement work is underway. It is scheduled to start commissioning in November.

The paved road will push the mining and metallurgical project development forward and allow residents of Selenge aimag, particularly of Eruu and Khuder soums, for safe and fast travel. In addition, it will lead to the increase foreign and domestic tourists visiting the region as well as will be significant for socioeconomic development of the aimag and the region.

A freight terminal as well as a 33.4-km railway connecting the Tumurtei deposit in Khuder soum, Selenge aimag and Khandgait railway station in Yeroo soum, owned by ‘Bold Tumur Yeroo Gol’ company were constructed and put into operation last December.

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Major global companies hit by cyber attacks www.rt.com

Danish shipping and oil firm A.P. Moller-Maersk has reported its computer systems crashed as a result of a cyber attack on Tuesday. The company called it a global issue.

"We can confirm the breakdown is caused by a cyber attack," a spokeswoman said.

The company posted on Twitter, "We can confirm that Maersk IT systems are down across multiple sites and business units. We are currently assessing the situation."

Maersk added the source of the outage is not known, but the problem could be global.

Also on Tuesday, Russia's largest oil producer Rosneft said a large-scale cyber attack had hit its servers, but oil production was unaffected.

International steel and mining company EVRAZ also said it had been a target of a hacker attack.

"The information system has undergone an attack, the main production continues to operate, there are no threats to the safety of enterprises and employees," the company said.

International shipping company TNT Express, based in the Netherlands, said its systems have been breached as a result of the cyberattacks.

Ukraine has also been affected by massive cyberattacks targeting the country's government, some banks and companies, as well as the Ukrainian capital's airports.

The ransomware is demanding a payment of $300 in bitcoin to decipher the hacked files.

Britain's WPP, the world's biggest advertising agency, has also reported a cyber attack. The spokesman for WPP provided no further details. The company's website was not available.

The attacks continued to spread throughout Europe, hitting, among others, French construction materials company Saint Gobain. “As a security measure and in order to protect our data, we have isolated our computer systems,” a company spokesman said, as quoted by Reuters.

Germany, too, has come under ransomware attack, according to the federal information security agency BSI, which didn’t name the companies affected by the malware. The agency called on the firms to report any difficulties and not to pay any ransom.

Computers at the global law firm DLA Piper, which has offices around the world, were also reportedly affected by the attack. Food giant Mondelez International has reported an "IT outage," although it wasn’t clear if the ransomware attacks were the cause.

The attack has now reached across the ocean, targeting one of the largest US pharmaceutical companies, Merck.

Merck’s offices worldwide, including in Ireland and Ukraine, have been hit, with computers and phones hacked, according to Forbes.

Last month, WannaCry malware infected over 200,000 computers. The virus demanded a ransom from users in exchange for not having their data destroyed.

 
 
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From Prague to Mongolia, wild horses return to the steppes www.reuters.com

A quarter-century-old project to repopulate the steppes of Mongolia with wild horses was kept alive as four animals made the long trip back to their ancestral home from Prague Zoo.

Driven to extinction in their homeland in the 1960s, the Przewalski's horses survived in captivity before efforts began to re-introduce them to the arid desert and mountains along Mongolia's border with China.

Zoos organized the first transport to Mongolia of the strong, stocky beasts in 1992.

For the past decade, Prague Zoo has been the only one continuing that tradition and it holds the studbook of a species whose ancestors - unlike other free-roaming horses such as the wild mustangs of the United States - were never domesticated.

The zoo completed its seventh transport last week, releasing four mares born in captivity in the Czech Republic, Germany and Denmark in the Gobi desert. They will spend the next year in an enclosed area to acclimatize before being freed.

"All the mares are looking very well, they are not hobbling, they are calm, eating hay and trying to test the taste of the new grass," Prague Zoo veterinarian Roman Vodicka said after making observations a few days after the release.

Prague has released 27 horses in total and officials estimate around 190 are now back in the wild in the Gobi B park, where the most recent arrivals were sent.

(Reporting by Jiri Skacel; Writing by Jason Hovet)

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EU slaps Google with $2.7bn fine for manipulation of search results www.rt.com

The European Commission has fined American IT giant Google €2.42 billion ($2.7 billion) for breaching competition rules with its online shopping service. The firm was accused of putting its Shopping Box at the top of search results, making other shopping websites less visible.

The Commission has been investigating Google’s parent company Alphabet for several years.
EU regulators said on Tuesday that "Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.''
Google argued the allegation from Brussels "just doesn't fit the reality of how most people shop online."
"They reach merchant websites in many different ways: via general search engines, specialist search services, merchant platforms, social media sites, and online ads served by various companies," Kent Walker, Google's general counsel, has written, as quoted by CNBC.
"And of course, merchants are reaching consumers directly like never before. On the mobile web — and more than half of Europe's internet traffic is mobile these days — dedicated apps are the most common way for consumers to shop," he added.
The company has been given 90 days to stop the practice or face a fine of five percent of Alphabet's daily turnover.
Alphabet stock fell 1.1 percent to $962 in premarket trading. 
In a separate case, EU Commissioner for Competition Margrethe Vestager has been investigating Android, Google’s operating system for smartphones, and its advertising business.
She has also been looking at whether Google unfairly banned competitors from websites that used its search bar and ads.
Last summer, Vestager ordered Apple to pay €13 billion in back taxes in Ireland. The EU antitrust commissioner has repeatedly said she's not biased against US companies..

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261 foreigners deported from Mongolia www.theubpost.mn

The Mongolian Immigration Agency announced that it has deported 261 foreign citizens and fined over 600 who have been staying past their visa expiration dates in Mongolia.

The agency identified 950 citizens of 30 countries who have been overstaying in the country after conducting an inspection under the government’s order. Reportedly, the majority of the overstaying foreigners were citizens of China.

Statistics indicate that there were 23,737 foreigners from 122 countries with long-term residence permits in Mongolia as of January 2017. The report shows that Chinese citizens make up 30 percent of the total figure.

The most common violation among foreigners who entered Mongolia is overstaying past the length of their visa, accounting for 47.2 percent of all violations committed by foreigners, reports the Mongolian Immigration Agency. The next common violation has been identified as illegal employment or operating beyond their visa permit, taking up 27.7 percent.

Studies show that 54 percent of foreigners deported in the first half of 2017 are Chinese, 15.5 percent are North Korean, six percent are Vietnamese, 4.7 percent are Russian, and citizens of other countries take up the rest.

According to statistics, 313 foreigners of 25 countries were deported from Mongolia in the first half of 2016, and 188 foreigners of 18 countries were deported in the first half of 2015.

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BOM issues 1-week bills www.montsame.mn

Ulaanbaatar /MONTSAME/ BoM issues 1 week bills worth MNT 1168.1 billion at a weighted interest rate of 12.0 percent per annum.

1 - week CBBs, a main monetary policy instrument of BoM, plays an important role on managing the reserves of the banks. This CBB rate represents BoM’s policy rate guides interbank money market. In July 2007, the CBB with stable rate and unlimited bidding was introduced with auctions to be held on every Wednesday. This really had attracted the banks’ interests providing the possibility for the banks to place their excess reserve in short term asset. There has been a substantial change in the way banks manage their reserves since then. For the favorable adjustment of CBB rate and loan principle along with the well balance of togrog and foreign exchange, 1 - week CBB has been held in a type of competing by rate since May 2005. The auction average rate is the targeted rate variables in +/-2 percent from the policy rate and it frames to make the interbank rate as the operational target in midterm.

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Ulaanbaatar railway company to reduce loss through tea road project www.montsame.mn

Ulaanbaatar /MONTSAME/ The second Mongolia-Russia-China Tourism Ministers’ meeting was held on June 21 in Ulan-Ude, capital city of the Republic of Buryatia, Russia attracting an audience of nearly 200 tourism delegations and journalists of the three countries.

Following the plan outline for building trilateral economic corridor, the tourism authorities have jointly set up the “Tea Road” international tourism alliance. Within the framework of “Tea Road” project, Chinese side set goals to send one million tourists to the tourist zone in Lake Baikal in 2018.

At the meeting, Ulaanbaatar Railway Company (UBTZ) informed that situating cross-border bullet train in the Ulaanbaatar-Erkhuu route for transporting one million Chinese tourists would be beneficial for reducing the amount of stops at Sukhbaatar and Naushki border stations. Accordingly, the bullet train will be able to transport 6-8 carts daily.

The officials noted that the implementation of “Tea Road” project will reduce transport loss of Ulaanbaatar Railway Company and increase tourism revenues starting from 2018.

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