1 ‘ASIAN DOOR 2018’ FAIR KICKS OFF WWW.MONTSAME.MN PUBLISHED:2018/11/21      2 BEYOND BITCOIN: THE OTHER CRYPTOCURRENCIES YOU SHOULD KNOW TOO WWW.CNN.COM PUBLISHED:2018/11/21      3 ATTRACTING INVESTMENT FROM FRANCE TO AGRICULTURAL SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      4 MONGOLIA AND RUSSIA TO EXPAND COOPERATION IN TRANSPORT SECTOR WWW.MONTSAME.MN PUBLISHED:2018/11/21      5 NEWLY-OPENED CHINA-MONGOLIA FRIENDSHIP CULTURAL CENTER TO BOOST TIES WWW.CHINA.ORG.CN PUBLISHED:2018/11/21      6 UN APPRECIATES MONGOLIA’S CONTRIBUTIONS FOR NORTHEAST ASIA WWW.NEWS.MN PUBLISHED:2018/11/21      7 BHP OFFICIALLY DROPS 'BILLITON' FROM NAME WWW.MINING.COM PUBLISHED:2018/11/21      8 THE NOTICE: WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2018/11/21      9 IRKUTSK REGION SUPPLIES USD 31 MILLION PRODUCTS TO MONGOLIA WWW.MONTSAME.MN PUBLISHED:2018/11/20      10 27 PARLIAMENT MEMBERS SUBMIT PETITION ON CABINET DISSOLUTION WWW.ZGM.MN PUBLISHED:2018/11/20      ОРОН СУУЦНЫ БАРИЛГЫН ӨРТГИЙН ИНДЕКС III УЛИРАЛД ЖИЛИЙН ДҮНГЭЭР 15 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/21     САЙЖРУУЛСАН ТҮЛШНИЙ БОРЛУУЛАЛТ УДААШИРЧЭЭ WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/21     ЗАСГИЙН ГАЗРЫН ТОГТВОРГҮЙ БАЙДЛААС ҮҮДЭЖ “ГЭРЭГЭ” БОНДЫН ХАНШ БУУРЧЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/21     ЭДИЙН ЗАСГИЙН ӨСӨЛТ 7.1 ХУВЬД ХҮРНЭ ГЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/21     ТӨРИЙН ҮЙЛЧИЛГЭЭ ЦАХИМД ШИЛЖЛЭЭ WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/21     УЛААН БУУДАЙ, ТӨМСНИЙ ДОТООДЫНХОО ХЭРЭГЦЭЭГ БҮРЭН ХАНГАНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/21     "ГУДАМЖ" ТӨСЛИЙН 14 БАЙРШЛЫН, 50 ТЭРБУМ ТӨГРӨГИЙН БАЙГУУЛАМЖИЙГ НИЙСЛЭЛИЙН ӨМЧИД БҮРТГЭЖ АВЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/21     САНАМЖ: WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2018/11/21     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    

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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Mongolia to construct second solar power plant www.news.mn

Japan's electronics giant Sharp Corp. is to build Mongolia's second megawatt-level solar power plant in the country's northern province of Darkhan-Uul. Sharp will build the plant together with local Mongolian partner Darkhan-Selenge Electric Distribution Network LLC.

According to the office of the provincial governor, the construction of the 20 megawatts solar power plant will begin in the second half of this year. The project will be completed by the third quarter of 2019.

The project will reduce carbon emissions by around 25,000 tons and save up to 355 million liters of water annually.

Mongolia enjoys more than 250 days of sunshine a year. Meanwhile, the country's renewable capacity nearly doubled last year, reaching 155 MW, the Ministry of Energy said.

The Japanese electronics producer installed Mongolia's first large solar power plant, with a capacity of 10 MW, in the province in January 2017. The country's second wind farm, the 50 MW Tsetsii Wind Farm, also opened in October of last year.

Mongolia seeks to provide sufficient heat and electricity for its population, especially in rural areas, and renewable energy projects are seen as a possible solution.

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Rosneft signs long-term contracts for oil product supply to Mongolia www.news.mn

Russia’s Rosneft has signed several long-term contracts for the supply of gasoline and diesel fuel with 12 Mongolian importers at the St. Petersburg International Economic Forum, the company said in a statement.

'The oil products will be sold to 12 consumers, including the owners of major retail site networks such as NIK KOO, Magnay Trade KOO, Oin Birge KOO, and Sod Mongol Group by the Rosneft subsidiary Rosneft-Mongolia KOO on a take or pay basis,' the statement says, adding that the total value of these contracts is USD 2.1 bln.

Rosneft supplies gasoline, diesel fuel, jet fuel, fuel oil, bituminous materials and liquefied petroleum gases to Mongolia. Contracts signed in 2014 allowed Rosneft to increase its presence in the Mongolian market to 80%.(Tass)

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Import of heavy trucks to Mongolia increases www.news.mn

Mongolia is a country that imports a significant number of vehicles every year. As coal exports continue to increase, so too does the demand for heavy trucks; in the first four months of this year, the country imported 5,582 vehicles. This figure is 2.2 times higher than in the same period of 2017. The cost of the trucks import is USD 84.4 million - this being 2.8 times up on the previous year. This clearly is indicative of the robust growth mainly to mining activities and economic expansion. Mongolia hosts 10% of the world's known coal reserves.

About 63 percent of the trucks were imported from China, 10.7 percent from Japan, and 7 percent from South Korea. The mining industry accounts for about a quarter of Mongolia's GDP and more than 90 percent of its exports.

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Turkey & Gazprom agree on construction of land portion of Europe-bound Turkish Stream www.rt.com

Russian state energy giant Gazprom and the Turkish government have reached a deal on the construction of the land-based part of the Turkish Stream branch that will bring Russian gas to European consumers.
The parties signed a protocol that would allow the construction, which was stalled by a legal rift over gas prices, to go forward. Gazprom and Turkey’s state-owned BOTAS struck an agreement detailing the terms and conditions of the works, the Russian company said in a statement. It noted that the deal “allows to move to practical steps for the implementation of the project.”

The works will be carried out by a joint venture called TurkAkim Gaz Tasima AS. It will be owned by Gazprom and BOTAS in equal shares, Gazprom said.

Earlier, Turkish President Recep Tayyip Erdogan announced that Gazprom and BOTAS resolved a long-running legal dispute over import prices in 2015-2016. Turkey has long demanded a 10.25 percent discount that was reached as part of the intergovernmental agreement to construct the Turkish Stream pipeline back in 2014, but the deal was never signed. BOTAS filed a case for international arbitration in 2016, seeking a discount.

"We agreed on a 10.25% reduction in the price of natural gas in 2015-2016,” Erdogan announced while speaking at a rally on Saturday.

“We got our discount. We get about $ 1 billion worth of our rights before the election,” the Turkish President said, as cited by Anadolu Agency.

The sum that the Russian energy major reportedly agreed to pay BOTAS is the equivalent of a two-year 10.25 percent price reduction.

Gazprom confirmed that the parties have reached a pre-court settlement, but did not disclose any details.

It was reported that BOTAS refused to greenlight the building of the land-based part of the pipeline until the issue is resolved. Until now, it only permitted Gazprom to construct the undersea part of the line. The construction is currently underway.

Russia and Turkey officially agreed on the project, which consists of two branches, in October 2016. The first branch will deliver gas to Turkish consumers, while the second one will bring it to the countries in southern and south-western Europe. The European leg is expected to decrease Russia’s dependence on transit through Ukraine. Each of the lines has a maximum capacity of 15.75 billion cubic meters a year.

Gazprom finished the construction of the deep-water part of the first line of the Turkish Stream in April. The first Russian gas could start flowing through both legs of the Turkish Stream by December 2019.

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South Korea eyes Mongolian pharmaceutical market www.news.mn

The Mongolian pharmaceutical market was worth 160 billion tugriks (USD 66.3 million) in 2015, according to the Ulaanbaatar Office of the Korea Trade-Investment Promotion Agency (KOTRA). Demand is increasing. About 80 percent of the nation’s total medicine demand relies on imports from 57 countries. Korean drugs are quite popular among Mongolians, as Korea ranks eighth among the 57 drug exporters in terms of export volume.

South Korean pharmaceutical companies have set an eye on Mongolia. For example, Samil Pharm established a joint venture with a Mongolian firm, and Dong-A Pharmaceutical set up a factory, in the landlocked country. Il-yang Pharm exports peptic ulcer treatment Noltec, and Dongwha Pharm, digestive drink Whal Myung Su, to Mongolia.

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"Invest in Mongolia" Roadshow 13. June 2018, Frankfurt am Main www.oav.de

After a shaky year 2016, the Mongolian economy has recovered and is back to an economic growth of 5.1% in 2017, backed by investments in the mining sector and an increased resource production. How can European and German investors benefit from the reinvigorated Mongolian market?

We would like to inform you about the "Invest in Mongolia" Roadshow in Frankfurt, organized by the National Development Agency of Mongolia, the Embassy of Mongolia in Germany and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

High level representatives of the Mongolian Government, including the Ministry of Mining and Heavy Industry, the National Development Agency and the Mongolian Development Bank, as well as representatives from the private sector will attend the roadshow and deliver presentations on the current Mongolian economic situation, favorable investment environments and profitable projects to potential investors and entrepreneurs.

The "Invest in Mongolia" Roadshow is a practical and efficient event for all enterprises and individuals that are actively seeking new investment and business opportunities in Mongolia. It is the ideal chance to meet representatives of the Mongolian government.

The event will be held in English. Participation is free of charge but requires a registration on the official website of Invest in Mongolia.

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“Golden Triangle of Development” to boost economy in Mongolia’s central zone www.ubinfo.mn

In cohesion with the development of the Darkhan and Erdenet cities under international development trend of larger cities and settled areas, the Golden Triangle of Development policy was recently presented. According to the Mayor of Ulaanbaatar City Batbold Sundui, the policy was formulated with the governors of five aimags geographically located in the central zone. At present, the central zone comprises only 8 percent of the country's total territory, 10 percent of livestock, 10 percent of water reserve and 27 percent of the forest reserves. However, the central zone inhabits nearly 61 percent of the total population, produces 78 percent of GDP and sells 85 percent of industrial products.

The population density is around 286 persons per square kilometer in Ulaanbaatar, which is 150 times higher than the country’s average, and the capital is facing problems, such as air pollution, traffic jam, growing load of infrastructure and social services, which are 2-3 times than the proper amount. On the other hand, it plays a significant role in improving economic capacity of the country, the mayor noted. For example, the capital city economy was the fundament which sustainably ensured the country’s economic growth when mining and agricultural sectors were facing a crisis. “47 percent of its population and 60-70 percent of its economy and businesses are centered in one city. This raises a challenge to create leverages to analyse and resolve the urban centralization,” he added.

The goal of economic diversification of the three-pillared development policy, which was approved by the government early this year, is to plan the development of agriculture, tourism, industrialization, trade and infrastructure spheres in coordination with information technology, finance, transportation and logistics, and increase the country’s economic competitiveness, the mayor highlighted.

He announced that Ulaanbaatar will be a free economic zone in the near future and working group has been established in this regard.

The city governor’s proposed conception is to develop Ulaanbaatar, Darkhan and Erdenet under the Golden Triangle model of economic development as well as to ensure their sustainable development by increasing accessibility of human resources and workforce and improving market opportunities and resources in local areas using economic and administrative means together with Tuv, Selenge and Bulgan aimags, which are in gravitation and impact zone of the mentioned cities.

Also, a Memorandum of Understanding was signed between the Governors of the abovementioned cities and aimags to help decentralize Ulaanbaatar. For example, Selenge aimag expressed that it will be a reliable provider of healthy food and welcome some faculties of agricultural university. Selenge aimag’s deputy governor noted that out of its 17 soums, 16 were included in the crop farming zone of the country.

While, Darkhan-Uul aimag, where processing factories operate, offered to welcome all hide and skin processing factories at its territory. Darkhan-Uul aimag’s governor emphasized that the city utilizes only one third of its available capacity of producing heat and plans to increase electric power generation. Moreover, the Governor of Erdenet city underscored that infrastructure with fully resolved electric power and engineering networks have been established in 452 hectares of land. In addition, the Governor mentioned that its Science and Technology Park is successfully running its operation. With its profit, the Governor's office is planning to establish a development fund to provide loans to micro businesses.

As for Tuv aimag, its Governor highlighted that the aimag will be the most active zone of Mongolia’s development soon, as the Khushig Valley Airport and Great Maidar projects are finalizing. In addition, a power plant project, which is expected to generate 7 thousand jobs, will be implemented in the area.

Oyunbayar.N

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Air corridor between India and Mongolia www.news.mn

An air corridor between India and Mongolia could start soon. A decision to explore the possibility of starting direct air services to Mongolia was taken during the recent visit to Ulaanbaatar by India’s External Affairs Minister Sushma Swaraj. The Mongolia air corridor is part of the India’s Act East policy to reach out to close nations. “We agreed to remove institutional and logistical impediments to boost our trade, tourism, and people to people contacts. In this regard, we also agreed to explore the possibility of launching direct air connectivity between our two capitals,” Sushma Swaraj said during the joint media briefing with Foreign Minister of Mongolia D.Tsogtbaatar.

Mongolia considers India a “third neighbor” as well as a “spiritual neighbour” - the late venerable 19th Kushok Bakula Rinpoche (1917-2003), a Buddhist monk who is revered in Mongolia, served as an Indian emissary to the country.

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Russia & France to talk nuclear energy partnership in third-party countries www.rt.com

Russian and French power companies are considering joint nuclear projects in third-party countries, says Russia’s Rosatom.The talks will take place during the St. Petersburg International Economic Forum this week.

“During the 'nuclear dialogue' the sides are expected to present the joint projects on cooperation in third countries in such areas as engineering and the manufacture of nuclear power plant equipment, development of renewable energy resources and energy efficiency, the digital transformation of the energy sector and nuclear fuel cycle,” Rosatom said.

Rosatom will talk to French companies Electricite de France (EDF), Schneider Electric, Assystem and others. Russia and France have a long history of partnership in nuclear energy. The country became the first foreign client of Rosatom in 1971, when the sides signed a contract for the supply of uranium enrichment services from Russia.

Rosatom subsidiary Rosenergoatom and EDF have been cooperating since 1994 in operations, modernization, the prolongation of the life of nuclear power plants, management of radioactive waste and research and development.

Russia's St. Petersburg International Economic Forum, one of the world’s key economic discussion platforms, will officially open on May 24. This year, about 40 world leaders including French President Emmanuel Marcon will attend the forum. SPIEF 2018 will also welcome leading investment funds from 20 countries with total assets of more than $13.5 trillion.

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Tesla is cutting prices in China www.cnn.com

The company is cutting the prices of its Model X and Model S cars in China by about 6% after Beijing said it would slash duties on imported passenger vehicles, starting July 1.

Tesla (TSLA) announced the price cuts on its official Weibo account late Tuesday, saying the move was possible because of the lower import tariffs.

In cash terms, the savings are significant. The price of the most expensive Model X will be cut to 1.3 million yuan ($204,000) from 1.4 million yuan ($219,000), according to a Tesla sales director in Beijing who asked not to be named because she's not a company spokesperson.

The cheapest version of the Model S will now cost 710,600 yuan ($111,200), down from 758,900 yuan ($118,800).

Tesla fans don't need to wait until July 1. In its Weibo post, Tesla said the new lower prices would apply to all cars no matter when they go through customs, and "a few cars in stock" would also be subject to the discounts.

But even after the price cuts, a Tesla in China will still cost a lot more than in the United States, where prices of the Model S start at $75,000.

China's tariffs on cars have long angered President Donald Trump. The United States charges a tariff of 2.5% on imported cars.

The Chinese tariff cut comes as the world's top two economies try to defuse the threat of a full-on trade war.

Other car companies have welcomed the decision to cut tariffs. Germany's Porsche (POAHF) said Tuesday it would consider lowering its prices for the Chinese market.

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