On the primary market for government securities, 4,751 bonds worth 448,554,000 were issued.

On the secondary market for corporate bonds, 763 bonds worth MNT 76,299,000 were traded.

The MSE ALL Index rose 00.13 percent to stand at 1071.88. The MSE market cap stands at MNT 2,075,393,995,429 .

Non-bank financial sector had unpaid loans of MNT554.9 billion in the second quarter, went up by MNT76.7 billion compared to the beginning of the year and up by MNT142.9 billion compared to the same period of last year.

Non-performing loans total to MNT72.2 billion or makes up 13 per cent and outstanding loans make up 5.9 per cent, while performing loans make up 81.1 per cent out of the unpaid loans.

Nonperforming loan amount increased by 21.5 per cent from the beginning of the year and up by 47 per cent compared to the same period of last year.

EU Competition Commissioner Margrethe Vestager said Luxembourg’s illegal tax benefits to Amazon had allowed almost three-quarters of the company’s profits to go untaxed. Amazon paid a quarter the tax compared to businesses, she added.

"Member states cannot give selective tax benefits to multinational groups that are not available to others," said Vestager.

Amazon denied the accusations, saying it did “not receive any special treatment from Luxembourg.”

"We will study the Commission's ruling and consider our legal options, including an appeal," said an Amazon spokesperson.

Luxembourg’s government said, “As Amazon has been taxed in accordance with the tax rules applicable at the relevant time; Luxembourg considers that the company has not been granted incompatible state aid.”

The tax deal between Luxembourg and Amazon was struck in 2003. At that time Jean-Claude Juncker, the European Commission's president, was the prime minister of Luxembourg.

The Commission launched the Amazon investigation in 2014, claiming it had suspicions the arrangement had broken EU rules.

Vestager also announced plans on Wednesday to take Ireland to court over its failure to recover €13 billion in unpaid taxes from Apple.

Following a three-year investigation into the iPhone maker’s complicated tax schemes, the European Commission concluded in 2016 that the company benefited from a sweetheart tax deal granted by the Irish government in breach of the European Union's state aid rules.

Apple has appealed to Europe’s highest court to contest the “unfair” decision. The tech giant has not paid the money to the Irish government which has not demanded any repayment.

City officials touched on lighting problems in the city, implementation of the National Program to Introduce Information Technology to State Archives and Records Management, incentives for top schools and kindergartens in Ulaanbaatar, access to educational institutes, and measures to take for preventing influenza-like illness (ILI), also known as acute respiratory infection.

“People spend nearly 90 percent of their life indoors, breathing the air in offices and homes. Many factors can degrade indoor air quality such as outdoor air pollution, use of stoves, poor sanitation and hygiene practices, smoking, and air ventilation. Exposure to carbon monoxide, nitrogen dioxide, particulate matter, and volatile organic compounds from these factors can cause pneumonia, low birth weight, and lung cancer,” stated L.Tumurbaatar, the Head of the Ulaanbaatar Health Office.

L.Tumurbaatar noted that quite a large sum of funds are required for taking preventive measures for ILI and that health organizations aren’t able to generate necessary funds on their own.

“We need a budget for purchasing air cleaning devices intended to remove pollutants from indoor air and prepare additional beds at hospitals and clinics.”

Head of Policy Planning Department at the Ulaanbaatar Mayor’s Office G.Ulziibayar reported that 70 percent of projects in the Ulaanbaatar Economic and Social Development Guidelines for 2017 have been completed. He reminded that there are still two months left for completing the projects and updated on the situation on guidelines for 2018.

“Requirements, criteria, targets, and required funds for the 2018 guidelines have been developed in accordance with the 2016 Government Resolution No. 249. In total, 489 measures, including ongoing projects that will resume next year and completely new projects, have been planned within the scope of 26 targets. We have planned many social projects to pay more attention to public development in 2018,” G.Ulziibayar said.

At the end of the meeting, Ulaanbaatar Mayor S.Batbold told his council to plan out more interesting and innovative projects for next year and urgently take ILI preventive measures before more people get affected due to colder weather.

“The Ulaanbaatar Health Organizations must take action against ILI as soon as possible. Health officers of every district need to study procurement opportunities for air cleaning devices that reduce household air pollution,” he instructed.

Officials agreed to meet again this week to review the issues.

The construction of the library began in 2014 and cost MNT 16 billion. The bulk of the funding has come from the university’s budget.

The 6-storey library has modern interior and provides a comfortable atmosphere for 700 students to study. Reading rooms are located on the 1- 4th floors, while laboratories and lecture halls are situated on the 5-6th floors. The library also includes six reading rooms for natural sciences, sociology, humanities, cyber technology and electronics. Each room has own interior design and furniture.

During their meeting, Speaker M.Enkhbold stressed that the two countries’ legislatures should work together to deal with challenges in customs, taxation and transportation, and focus on enhancing their legal and regulatory environment to increase trade and economic cooperation between the two countries.

He added that as a medium-term program for the development of Mongolia-Russia strategic partnership is the basic guideline of mutual cooperation and the main goal of strategic partnership for the next five years, the two countries’ legislatures should urge their governments to implement the program.

Kalashnikov noted that at a meeting between the Russian Federation Council Committee and the Mongolia-Russia Inter-Parliamentary Group in the Mongolia’s legislature in Novosibirsk City of Russia last year, the sides discussed future plans and pointed out that a mechanism to promote cooperation between the two nations’ legislatures, which has been of great importance to developing efficient and constant collaboration in all sectors of the two countries.

BoM is holding policy to centralize gold exchange at home and within its framework, the bank is focusing on informing the public. Accordingly, ‘Mongol Alt’ /Mongolian Gold/ campaign has launched, regularly organizing training for micro miners and private entities, as well as cooperating with related agencies.

On September 29, Chinese foreign ministry spokesperson Lu Kang expressed gratitude to Battulga. According to Lu, Battulga said that mutually cooperation fully serves the interests of the two peoples; Mongolia is willing to move forward the China-Mongolia comprehensive strategic partnership based on the principle of respecting each other’s core interests. Battulga also expressed appreciation for China’s assistance and concessional loans to Mongolia. The Mongolian president’s website doesn’t mention the message.

Mongolia depends overwhelmingly on China: almost 90 percent of Mongolia’s exports go to China, and one-third of its imports come from China. In addition, failing to pay debt on time, Mongolia in February asked China to extend a 15 billion yuan ($2.2 billion) currency swap agreement.

Battulga ran his populist presidential campaign by stoking anti-China sentiment among the Mongolian public. As The Diplomat reported, during the campaign, Battulga repeatedly mentioned “threats” from the east, meaning China. In addition, he played the ethnic card, implying that his rival was not a true son of Mongolia, but instead had mixed Mongolian and Chinese heritage. Battulga also said in a 2014 television interview: “The resources will finish in 40 to 50 years and there will definitely be conflict between the Mongolians and the Chinese.”

Numerous observers of Mongolian politics expressed concerns about China-Mongolia relations after Battulga won the election, fearing that Mongolia would significantly reduce its dependency on China and shift its focus to either Russia, it’s only other physical neighbor, or other countries such as India.

Regardless of Battulga’s previous rhetoric, China has maintained an even tone on the relationship. Lu, in the recent press briefing, referred to China and Mongolia as “friendly neighbors” and said, “China stands ready to… promote the sound and steady growth of the China-Mongolia comprehensive strategic partnership based on the series of political consensus reached by the two sides.”