1 GAZPROM, MONGOLIA SIGN ENERGY MOU, PAVING PATH FOR POWER OF SIBERIA-2 WWW.OILPRICE.COM PUBLISHED:2025/08/27      2 MONGOLIA, US DISCUSS COOPERATION IN INVESTMENT, MINING, TOURISM, SPACE EXPLORATION WWW.MONTSAME.MN PUBLISHED:2025/08/27      3 MONGOLIA TO INCREASE COAL SUPPLY TO CHINA WWW.MONTSAME.MN PUBLISHED:2025/08/27      4 PM REAFFIRMS TRANSPARENCY IN BUDGET APPROVAL WWW.MONTSAME.MN PUBLISHED:2025/08/27      5 BUDGET 2026: SOCIAL INSURANCE AND WELFARE PENSIONS TO RISE BY 6% NEXT YEAR WWW.GOGO.MN PUBLISHED:2025/08/27      6 GAZPROM SIGNS MEMORANDUM OF COOPERATION WITH MONGOLIAN GOVT ON OIL AND GAS WWW.INTERFAX.COM PUBLISHED:2025/08/27      7 WATER-RELATED ACCIDENTS KILL 70 IN MONGOLIA THIS YEAR WWW.XINHUANET.COM PUBLISHED:2025/08/27      8 FITCH AFFIRMS MONGOLIAN MINING AT 'B+'; OUTLOOK STABLE WWW.FITCHRATINGS.COM  PUBLISHED:2025/08/26      9 20-DAY ODD-EVEN LICENSE PLATE RESTRICTION TO BEGIN ON AUGUST 27 WWW.GOGO.MN PUBLISHED:2025/08/26      10 WHY CHINESE INNER MONGOLIA BAOTOU STEEL UNION'S 40% PROFIT SURGE SIGNALS A STRONG BUY OPPORTUNITY WWW.AINVEST.COM  PUBLISHED:2025/08/26      ТӨГРӨГ НУУРЫН БҮЛЭГ ОРДЫГ ТӨРД БУЦААН АВАХААР ШИЙДВЭРЛЭЛЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/08/27     “ГАЗПРОМ”-ТОЙ ГАЗРЫН ТОСНЫ САЛБАРТ ХАМТРАН АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/08/27     SXCOAL-ТАЙ ХАМТАРСНААР ХЭРЭГЛЭГЧДЭД ХАМГИЙН БОЛОМЖИТ ХУВИЛБАРЫГ САНАЛ БОЛГОХ БОЛОМЖТОЙ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/08/27     "РИО ТИНТО"-ТОЙ ХИЙХ АРБИТРЫН МАРГААНД ЗГ-ЫГ Н.МЯГМАРААР АХЛУУЛСАН АЖЛЫН ХЭСЭГ ТӨЛӨӨЛНӨ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/08/27     ЭМЭЭЛТ ЭКО АЖ ҮЙЛДВЭРИЙН ПАРКИЙН ДЦС-ЫН ГЭРЭЭНД ГАРЫН ҮСЭГ ЗУРЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/08/27     "ЦЕМЕНТ ШОХОЙ" ХК-ИЙГ ТҮШИГЛЭН АЖ ҮЙЛДВЭРИЙН ПАРК БАЙГУУЛАХ САНАМЖ БИЧИГТ ГАРЫН ҮСЭГ ЗУРЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/08/27     ЭНХТАЙВАНЫ ГҮҮРИЙГ ШИНЭЧИЛЖ ЗАССАНААР 15-20 ЖИЛЭЭР НАСЖИЛТ НЭМЭГДЭНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/08/27     ХЯТАДЫН ИМПОРТЫН НҮҮРСНИЙ 48 ХУВИЙГ МОНГОЛ УЛС, 29 ХУВИЙГ ОХУ-ААС НИЙЛҮҮЛЖЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/08/26     “ЦАЙРТ МИНЕРАЛ” КОМПАНИЙГ "ЭРДЭНЭТ"-ИЙГ ТҮШИГЛЭН БАЙГУУЛАХ ЗЭС ХАЙЛУУЛАХ ҮЙЛДВЭРИЙН СОНГОН ШАЛГАРУУЛАЛТАД ОРОЛЦУУЛАХААР УРЬЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/08/26     С.БЯМБАЦОГТ: ЗАСГИЙН ГАЗАР ОЮУ ТОЛГОЙН АСУУДЛЫН ЗАНГИЛААГ ТАЙЛНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/08/26    

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

NEWS

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World Bank approves USD 25 million credit to Mongolia to promote employment www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ The World Bank’s Executive Board of Directors today approved USD 25 million in financing to help job seekers and micro-entrepreneurs in Mongolia access labor market opportunities.
 
“Improving access to labor market opportunities is one of the key steps to help people get good jobs and improve their livelihoods. Through this project, the World Bank is helping the government of Mongolia to address major constraints facing Mongolia’s labor market through supporting micro-entrepreneurs, upgrading public employment services, better aligning employment training programs with labor demand, and improving the quality and availability of labor market information,” said James Anderson, World Bank Country Manager for Mongolia.
 
In Mongolia, generally poor labor market outcomes are a major concern with relatively high unemployment and growing numbers of discouraged workers that have given up looking for a job. Meanwhile, jobs and poverty are closely linked as poverty incidence is the highest among those without productive and well-paying jobs.
 
The Mongolia Employment Support Project aims to provide new opportunities for people to start and grow sustainable microenterprises. The comprehensive support will include a range of non-financial support services, including business skills and development training, mentoring, peer-to-peer and alumni networks, and market linkages. It will also include financial support such as microloans for new and existing microenterprises, supplemented by interest rate relief for the most vulnerable beneficiaries.
 
The project will strengthen client-centric public employment services to help them become more effective in achieving quality job placements and attract more employers and listings for higher-skilled jobs. In addition, it will support employment trainings better matched with labor demand, while local labor and social welfare offices will be given the opportunity to develop and implement their own labor market proposals appropriate for the local context. To improve labor market transparency, the scope and quality of information on the labor market and jobs will be upgraded to better connect individual job seekers to employers, and enhance labor market monitoring and evaluation.
 
The recent slowdown in Mongolia’s growth due to lower commodities prices and slower growth in China has brought a significant decline in jobs and a rapid rise in unemployment. Even during the economic boom between 2010 and 2014, the unemployment rate stayed relatively elevated and rarely dropped below 7 percent. Informal employment – often through low-level self-employment –also continues to be widespread. Informal jobs and unemployment are particularly common for a number of specific vulnerable groups, and the project puts a particular emphasis on supporting such groups, including citizens having difficulty finding employment, young people of ages 18 to 34 and poor households.
 
The project will be implemented by the Ministry of Labor and Social Protection of Mongolia. It is funded with a USD 25 million credit from the World Bank’s International Development Association.
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Shareholders' meeting of Erdenes Tavantolgoi takes place www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Today, April 28, a regular meeting of shareholders of Erdenes Tavantolgoi Company was held at the Finance Center. Out of 2.5 million Mongolian citizens, who own 1072 shares of the company each, 65 shareholders attended the meeting.
 
A conclusion of the Erdenes Tavantolgoi BoD regarding a 2016 report of the activities of the companies was discussed and approved. As a result of proper management policy, the company raised its revenue by restoring mining operations in West Tsankhi block, kept stable operation of East Tsankhi and lowered the debt amount to pay to Chalco Trading Hong Kong Company. Also, it has run operations without accidents, adhering to environmental and labor safety procedures. Therefore, the company’s 2016 activities were considered satisfactory and the meeting appreciated the debt paid out by March 31.
 
The shareholders and the BoD assigned the company authorities to improve company governance and to make the company’s shares valuable by working with profit. Moreover, the attendees criticized independent members of BoD P.Ulziinaran, E.Ganbaatar and Kh.Bolor-Erdene that they were not working actively for protecting the shareholders' rights and interests.
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Democratic party appoints secretary for political policy www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Democratic Party has appointed S.Erdenebold, one of the young members of its National Policy Committee as the party’s Secretary for Political Policy.
 
The newly appointed secretary earned degrees from National University of Mongolia, Indiana University and the John F.Kennedy School of Government at Harvard University.
 
Having joined the Democratic Party in 2006, S.Erdenebold has previously worked in the National Public Radio and Television, National Legal Institute and Presidential Office. He currently works as a member of Citizens’ Representative Khural of Sukhbaatar district.
 
He has also published over 10 books addressing history, culture and personal development.
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Mongolian aviation revenue increases www.news.mn

 
The revenue of the Mongolian aviation industry reached 56.75 billion MNT, a nine percent increase compared to the previous year, and the industry’s number of customers served rose to 152,200 in the first quarter of 2017, reported the National Statistics Office (NSO).
 
The increase in revenue is linked to a 53.4 percent increase in the number of domestic travellers. In the first quarter of 2017, a total of 64,600 passengers flew on domestic flights. International travel only increased by 2.2 percent, totalling 87,500 passengers.
 
As highlighted by the NSO, passenger baggage has been steadily declining, as evidenced by an annual amount of 635.8 tons of cargo transported. The volume of air shipments has been increasing, with an 18.2 percent increase to 70.3 tons compared to last year. NSO officials said that the volume of air shipments has risen each year.
 
Analysts have pointed to the increase in air cargo as a positive sign of development in the Mongolian aviation industry. As air travel becomes cheaper and the economy improves, the trajectory of growth appears to be sustainable. The largest aviation company in the nation, MIAT, has been working to increase their routes, with new direct flights to Busan in South Korea, and Bangkok in Thailand, being offered in June 2017.
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Mongolia asks Russia's Defense Ministry to arm its air defense forces www.armyrecognition.com

 
Mongolia has asked Russia’s Defense Ministry to help it arm its air defense force, Mongolian Defense Minister Badmaanyambuugiin Bat-Erdene said after a meeting with his Russian counterpart Sergei Shoigu. "I informed the defense minister that we had worked out the basis of Mongolia’s military policy, a package of defense laws had been adopted in line with the policy and specific tasks had been set to the armed forces," the Mongolian defense minister said.
 
"In this context, we asked Russia to provide support in rearming and strengthening our armed forces, in particular, the newly-formed air defense force," he added.
 
According to Bat-Erdene, Russia is assisting Mongolia in training its troops. About 350 Mongolian servicemen are currently studying at 20 Russian military schools on favorable terms or free of charge.
 
The Mongolian delegation headed by the defense minister has arrived for the 6th Conference on International Security in Moscow. The conference started on April 26 and will last through April 27.
 
During the conference, Russian Defense Minister General of the Army Sergei Shoigu and the heads of Russia’s Security Council and Foreign Ministry will present Russia’s vision of the international situation and the reasons why the situation has become less stable.
 
In December 2015, Mongolia has take the delivery of Russian military equipment including T-72A main battle tanks and modernized BTR-70M APC. This transfer of combat equipment to Mongolia is provided in the framework of military and technical assistance of the Russian Federation.
 
In the past Mongolia has already received Russian-made military equipment including 100 main battle tanks T-72A, 40 BTR-70M APC, 20 BTR-80 and some military trucks.
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Chronicle plays host to Mongolian mining journalists www.thechronicle.com.au

 
THE search for skills to report on Mongolia's mining resource boom led a group of students all the way to The Chronicle.
 
The group of 20 Mongolian journalists visited The Chronicle's office yesterday as part of a nine-day tour to find out more about how the Australian mining industry worked, how the country's news organisations reported on it and how they could adapt their knowledge to work back at home.
 
Ariunzaya Byambaa was on a break from her normal work at a Mongolian daily newspaper and said there were many parallels between Australia and her country.
 
She said the mining boom had brought many benefits to Mongolia, but there were fierce clashes between nomadic herdsmen and mining companies because grazing land wasn't owned by anybody, yet mining companies were able to come in and put up fences to exclude them from traditional grazing land.
 
There were also environmental concerns because the country's soils were prone to erosion and other problems.
 
"The University of Queensland has won this contract that enables our participants to visit Australia and learn from the Australian experience, which is also a mining-based economy," she said.
 
"This is the fourth phase of the training, which has been carried out for a year.
 
"We will write articles on mining issues and in the final phase we will go home to produce a big product."
 
She said some of the journalists had already written articles about Australia, including our Anzac commemorations, to send home to Mongolia.
 
The project has a wide range of stakeholders including three University of Queensland departments, a German federal-owned international development company and its Mongolian-based subsidiary, Integrated Mineral Resource Initiative.
 
The $300,000 project was aimed at teaching reporters who normally dealt with business and economic reporting to see past headlines and gain a more in-depth knowledge of the issues they were reporting.
 
Lecturer Bruce Woolley from UQ's School of Communication and Arts travelled to Mongolia to deliver a five-day course on principles in journalism and key themes in mining before the group visited Australia.
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Ambassador Paudyal presents credentials before Mongolian President www.nepaliheadlines.com

 
28 April, Kathmandu: Non-resident ambassador of Nepal to Mongolia, Leela Mani Paudyal, presented his letter of credence to President of Mongolia, Tsakhiagiin Elbegdorj, amid a special ceremony organized at the Office of the President, Ulaanbaatar, Mongolia, on Thursday.
 
During the ceremony, Ambassador Paudyal conveyed cordial greetings and best wishes from President Bidya Devi Bhandari as well as from the people of Nepal for the continued peace and prosperity of the people of Mongolia. After the ceremony, the Ambassador had a brief meeting with the Mongolian President, said a press statement released by the Nepali Embassy in Beijing.
 
During the meeting, various bilateral and multilateral issues of mutual interest were shared. Also in the afternoon, Ambassador Paudyal paid a courtesy call on Minister for Foreign Affairs of Mongolia, Tsend Munkh-Orgil. The Foreign Minister congratulated Ambassador Paudyal for presenting his letter of credence to the President of Mongolia.
 
The Ambassador expressed his appreciation for the excellent arrangements made since his arrival in Ulaanbaatar. He conveyed that the Government of Nepal is in the process for the accession to the International Think Tank for Landlocked Developing Countries. He also expressed his views that there are lots of opportunities to promote bilateral relations between Nepal and Mongolia in fields of tourism, culture, trade, investment and people-to-people contacts.
 
The Foreign Minister requested Ambassador Paudyal to support for the construction of Mongolian monastery in Lumbini. He further shared about the idea of developing Buddhist circuit for Buddhist pilgrimage. Ambassador Paudyal also visited office of the International Think Tank for Landlocked Developing Countries, where he had a meeting with Erdenetsogt ODBAYAR, Ambassador-at-Large.
 
During the meeting both sides underlined the importance of cooperation and collaboration between and among the landlocked developing countries for meeting challenges posed by their development status, geographical location and climate change. Ambassador Paudyal is to present two papers on investment opportunities and tourism to the selected business communities this evening.
 
 
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Japan, Russia to sign 29 economic deals www.nhk.ro.jp

Japan and Russia have agreed to sign 29 deals to move forward on an economic cooperation plan proposed by Japanese Prime Minister Shinzo Abe last year.

Japan's Minister for Economic Cooperation with Russia, Hiroshige Seko, and Russia's First Deputy Prime Minister Igor Shuvalov have agreed on revising a work program for Abe's 8-point economic plan. They will release a joint statement.

The revised one will include projects such as building a preventive medicine and diagnostic center and boosting support for neonatal care.

The 29 agreements and memoranda of understanding will be made at the government, corporate and other levels. The signings are timed to coincide with the latest summit between Abe and Russian President Vladimir Putin.

Japan's land ministry and Russia's construction and housing ministry will sign a memorandum to increase cooperation in creating a comfortable urban environment.

The authorities of Japan's Yamaguchi Prefecture and Russia's Krasnodar region will strike a deal to encourage cooperation in culture, tourism and other areas.

A Japanese trading company and a Russian pharmaceutical firm will ink a stock transfer contract to form a capital tie-up.

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Mongolian aviation revenue increases www.news.mn

The revenue of the Mongolian aviation industry reached 56.75 billion MNT, a nine percent increase compared to the previous year, and the industry’s number of customers served rose to 152,200 in the first quarter of 2017, reported the National Statistics Office (NSO).

The increase in revenue is linked to a 53.4 percent increase in the number of domestic travellers. In the first quarter of 2017, a total of 64,600 passengers flew on domestic flights. International travel only increased by 2.2 percent, totalling 87,500 passengers.

As highlighted by the NSO, passenger baggage has been steadily declining, as evidenced by an annual amount of 635.8 tons of cargo transported. The volume of air shipments has been increasing, with an 18.2 percent increase to 70.3 tons compared to last year. NSO officials said that the volume of air shipments has risen each year.

Analysts have pointed to the increase in air cargo as a positive sign of development in the Mongolian aviation industry. As air travel becomes cheaper and the economy improves, the trajectory of growth appears to be sustainable. The largest aviation company in the nation, MIAT, has been working to increase their routes, with new direct flights to Busan in South Korea, and Bangkok in Thailand, being offered in June 2017.

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Erdenet Mining Corporation named Best Business of 2016 www.montsame.mn

Ulaanbaatar /MONTSAME/ “Corporate sector produces 80 percent of GDP, providing 90 percent of jobs on the national level”, remarked Prime Minister J.Erdenebat during a ceremony to award the best 100 Businesses of 2016 hosted in State House on April 27, Thursday.

National copper mine Erdenet Mining Corporation led the 2016 list of Top Businesses, to be followed by Oyu Tolgoi LLC, Khan Bank, Trade and Development Bank, NIK LLC, XacBank, APU Trading, State Bank, Golomt Bank and Mobicom Corporation for the leading spots.

“The 100 companies that have led the corporate sector in 2016 constitute more than half of tax revenue”, the Prime Minister added, congratulating the leading businesses on their growth and accomplishments of last year.

In his speech, the Prime Minister reiterated that his Cabinet strives to improve business environment, talking about the crucial role of cooperation between government and private sector in stimulating a pleasant business environment and adopting and promoting ideal corporate management and governance.

“The private sector in Mongolia has progressed over the last 20 years to stand firmly on its feet, yet there is always room for improvement and correction of mistakes”, Prime Minister J.Erdenebat noted. “Government and private sector share a same road which should lead Mongolia to a better future; thus, we need to join efforts effectively”.
Kh.Aminaa

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