1 MONGOLIAN PRESIDENT TO PAY STATE VISIT TO KYRGYZSTAN WWW.QAZINFORM.COM PUBLISHED:2025/07/18      2 MONGOLIA AND SINGAPORE MARK 55 YEARS OF DIPLOMATIC RELATIONS WITH RECEPTION IN SINGAPORE WWW.INDIPLOMACY.COM  PUBLISHED:2025/07/18      3 PRIME MINISTER ORDERS TO ACCELERATE THERMAL POWER PLANT REPAIRS AND RENOVATION WWW.MONTSAME.MN PUBLISHED:2025/07/18      4 DROWNING DEATHS IN MONGOLIA RISE DURING NAADAM FESTIVAL WWW.XINHUANET.COM PUBLISHED:2025/07/18      5 THIS MONGOLIAN RAILWAY ADVENTURE RIVALS THE TRANS-SIBERIAN WWW.TELEGRAPH.CO.UK PUBLISHED:2025/07/18      6 CHINA FINDS NEW TYPE OF RARE EARTH IN INNER MONGOLIA WWW.CHINADAILY.COM.CN PUBLISHED:2025/07/18      7 SILK WAY INTERNATIONAL RALLY UNDERWAY IN MONGOLIA WWW.GOGO.MN PUBLISHED:2025/07/18      8 MONGOLIA AND SAUDI ARABIA SIGN AIR TRANSPORT AGREEMENT WWW.AKIPRESS.COM PUBLISHED:2025/07/17      9 MINISTER OF FOREIGN AND EUROPEAN AFFAIRS OF CROATIA ARRIVES IN MONGOLIA FOR OFFICIAL VISIT WWW.GOGO.MN PUBLISHED:2025/07/17      10 EVERYTHING TO KNOW ABOUT HIV/AIDS IN MONGOLIA WWW.BORGENPROJECT.ORG  PUBLISHED:2025/07/17      ЖИЛ БҮР 41.6 ТЭРБУМ ТӨГРӨГ ХЭМНЭХИЙН ТУЛД 29 ХОРОО, ЗӨВЛӨЛИЙГ ТАТАН БУУЛГАВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/18     СУДАЛГАА: МОНГОЛД ГУРВАН ӨРХ ТУТМЫН ХОЁР НЬ ЗЭЭЛЭЭС ЗЭЭЛИЙН ХООРОНД АМЬДАРЧ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/18     ТАНИЛЦ: УИХ-ЫН 2025 ОНЫ НАМРЫН ЭЭЛЖИТ ЧУУЛГАНААР ХЭЛЭЛЦЭХ ХУУЛИЙН ТӨСЛҮҮД WWW.EGUUR.MN НИЙТЭЛСЭН:2025/07/18     "РИО ТИНТО"-ИЙН ГҮЙЦЭТГЭХ ЗАХИРЛААР САЙМОН ТРОТТЫГ ТОМИЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/07/18     “ТОРГОНЫ ЗАМ" АВТО РАЛЛИ ОЛОН УЛСЫН УРАЛДААН ЭНЭ САРЫН 21-Н ХҮРТЭЛ ҮРГЭЛЖИЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/07/18     ТЭЭВЭР, ЛОГИСТИКИЙН ШИНЭ ЧИГЛЭЛИЙГ БИЙ БОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/18     ХУУЧНЫ АВТОМАШИНЫ ҮЗЭСГЭЛЭНГ СҮХБААТАРЫН ТАЛБАЙД ДЭЛГЭЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/18     Г.ЗАНДАНШАТАР: ЭРЧИМ ХҮЧНИЙ ЗАРДЛАА БУУРУУЛЖ, АШГАА НЭМЭГДҮҮЛСНИЙ ДАРАА ҮНЭ ТАРИФ ЯРИХ ЁСТОЙ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/07/17     МОНГОЛ УЛСЫН ШИГШЭЭ БАГ МАРГААШ КАЗАХСТАНЫ САГСЧИДТАЙ ТОГЛОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/07/17     МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ БҮГД НАЙРАМДАХ КИРГИЗ УЛСАД ТӨРИЙН АЙЛЧЛАЛ ХИЙНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/07/17    

Category

Events

Events

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

NEWS

64x64

GDP of Mongolia increases by 7.9% in first quarter of 2023 www.akipress.com

The gross domestic product (GDP) of Mongolia increased by 7.9% year on year in the first quarter of 2023, the National Bureau of Statistics said.
This occurred mainly due to a significant increase in exports of mining products.
The Mongolian economy grew by 4.8% in 2022 and by 1.4% in 2021.
International banks and financial institutions are optimistic about Mongolia's economic prospects. The Asian Development Bank forecasts its GDP to grow by 5.4% in 2023 and 6.1% in 2024, driven by exports, a recovery in mining, and a positive impact on transport and other activities.
...


64x64

Bank Savings in Mongolia Show Growth in National Currency, Foreign Currency Reserves Remain Stable www.bnn.network

Bank savings in Mongolia have exhibited a positive trend, reflecting the financial stability of the nation’s economy.
Steady Growth in National Currency Savings
According to the National Statistical Committee’s latest report, bank savings in the national currency of Mongolia amounted to 13.5 trillion tugriks at the end of April. This represents an increase of 424.8 billion tugriks (3.2%) compared to the previous month. Although there was a decrease of 206.1 billion tugriks (1.5%) compared to the same period last year, the overall trajectory showcases steady growth in national currency savings. This upward trend reflects the confidence of individuals and businesses in the stability of Mongolia’s financial system.
Citizens Hold Majority Share in Bank Savings
Out of the total bank savings, 12 trillion tugriks (88.9%) are owned by citizens, demonstrating the significant contribution of the general population towards the country’s savings pool. This indicates the financial prudence and long-term planning exhibited by Mongolian citizens, as they prioritize building personal savings for future financial security.
Foreign Currency Reserves Maintain Stability
In terms of foreign currency savings, the National Statistical Committee reported a total of 5.3 trillion tugriks. While this represents a slight decline of 616.5 billion tugriks (10.4%) compared to the previous month, foreign currency reserves remain robust. Moreover, when compared to the same period last year, there has been a notable increase of 976.5 billion tugriks (22.4%), signaling the resilience and stability of Mongolia’s foreign currency reserves.
BY
Mamoon Alvi serves as an integral part of our global newsroom team. With a strong background in international news from his time at both BOL TV and Dharti TV, he came on board at BNN well-prepared to contribute. Mamoon's unwavering dedication to journalism drives him to relentlessly pursue the truth and deliver crucial stories to audiences around the world.
...


64x64

Decisions Made at The Cabinet Session www.montsame.mn

During its regular session on May 24, 2023, the Cabinet made the following decisions:
During the Cabinet Session, Prime Minister L. Oyun-Erdene mandated that all information about the Government's Special funds be made open to the public.
Construction of the “Emeelt Light Industry Park” Commenced
Minister of Construction and Urban Development Ts. Davaasuren, Minister of Food, Agriculture and Light Industry Kh. Bolorchuluun, and Governor of the capital city, and the Mayor of Ulaanbaatar D. Sumiyabazar were tasked to take the required measures to get the feasibility studies and partial planning approved and start laying down the basic infrastructure within Q4 2023.
Preparatory works, including research, working drawings, partial planning of the park, and other infrastructure works, such as dam, engineering utilities, power supply, drinking water supply, and temporary power supply for a construction site, have already been completed.
Leather factories are planned to be relocated to the park, which will allow for re-planning and rehabilitation of the area where they are currently operating.
The park is planned with a processing capacity of 4.6 million skins and hides, of which four million sheep and goat skins, 400 thousand cowhides, 200 thousand horsehides, and 15 thousand camel hides. Moreover, it is capable of processing 3.6 thousand tons of wool and 1.2 thousand tons of cashmere.
Starting from July 1, MIAT to Conduct Scheduled Flights to 9 Domestic Destinations
In connection with the Government’s declaration of 2023-2025 “Years to Visit Mongolia”, MIAT Mongolian Airlines will start conducting scheduled flights to 9 domestic destinations in line with the Government’s goal to support tourism, revive domestic flights and reduce ticket prices. The scheduled flights will be conducted to Choibalsan, Dalanzadgad, Murun, Uliastai, Bayankhongor, Altai, Khovd, Ulaangom, and Ulgii, with 40-68 percent reduced prices.
This decision has been made to enhance the availability of domestic flights for local citizens, supporting the development of the tourism sector, and increasing the flow of tourists. It will allow not only local citizens but also tourists to travel comfortably, the Minister of Road and Transport Development highlighted in his presentation.
Development Projects set in the “New Revival Policy” to be Accelerated
The implementation process of the development projects set in the “New Revival Policy” was presented at the Session. Ministry of Economy and Development has taken numerous measures to ensure the smooth implementation and intensify the process of those projects.
Of the 20 development projects launched, 16 are in an active phase of execution and 10 are expected to be completed in 2023.
Brief News:
A consultation meeting on the implementation process and milestones of the “Vision-2050” long-term development policy of Mongolia will be held on June 9.
Variable cost per student of the Vocational training institutes and its methodologies were approved.
Guidelines for the Mongolian delegation to participate in the Second Mongolia-Tailand Intergovernmental Consultation Meeting on Cooperation, which will be held in Bangkok, Thailand on June 2, were discussed and approved.
A consular section will be established in the Embassy of Mongolia in the French Republic.
The list of explosives, tools for blasting, and their raw materials, which are permitted in the territory of Mongolia, was renewed and approved.
...


64x64

ChatGPT: Can China overtake the US in the AI marathon? www.bbc.com

Artificial intelligence has emerged as enough of a concern that it made it onto what was already a packed agenda at the G7 summit at the weekend.
Concerns about AI's harmful impact coincide with the US' attempts to restrict China's access to crucial technology.
For now, the US seems to be ahead in the AI race. And there is already the possibility that current restrictions on semiconductor exports to China could hamper Beijing's technological progress.
But China could catch up, according to analysts, as AI solutions take years to be perfected. Chinese internet companies "are arguably more advanced than US internet companies, depending on how you're measuring advancement," Kendra Schaefer, head of tech policy research at Trivium China tells the BBC.
However, she says China's "ability to manufacture high-end equipment and components is an estimated 10 to 15 years behind global leaders."
The Silicon Valley factor
The US' biggest advantage is Silicon Valley, arguably the world's supreme entrepreneurial hotspot. It is the birthplace of technology giants such as Google, Apple and Intel that have helped shape modern life.
Innovators in the country have been helped by its unique research culture, says Pascale Fung, director of the Center for Artificial Intelligence Research at the Hong Kong University of Science and Technology.
Researchers often spend years working to improve a technology without a product in mind, Ms Fung says.
OpenAI, for example, operated as a non-profit company for years as it researched the Transformers machine learning model, which eventually powered ChatGPT.
"This environment never existed in most Chinese companies. They would build deep learning systems or large language models only after they saw the popularity," she adds. "This is a fundamental challenge to Chinese AI."
US investors have also been supportive of the country's research push. In 2019, Microsoft said it would put $1bn (£810,000) in to OpenAI.
"AI is one of the most transformative technologies of our time and has the potential to help solve many of our world's most pressing challenges," Microsoft chief executive Satya Nadella said.
China's edge
China, meanwhile, benefits from a larger consumer base. It is the world's second-most populous country, home to roughly 1.4 billion people.
It also has a thriving internet sector, says Edith Yeung, a partner at the Race Capital investment firm.
Nearly everyone in the country uses the super app WeChat, for example. It is used for almost everything from sending text messages, to booking doctor's appointments and filing taxes.
As a result, there's a wealth of information that can be used to improve products. "The AI model is going to be only as good as the data that is available for it to learn from," Ms Yeung says.
"For good or bad, China has a lot less rules around privacy, and a lot more data [compared to the US]. There's CCTV facial recognition everywhere, for example," she adds. "Imagine how useful that would be for AI-generated images."
While China's tech community may appear to be lagging behind the US, its developers have an edge, according to Lee Kai-Fu, who makes the argument in his book AI Superpowers: China, Silicon Valley, and the New World Order.
"They live in a world where speed is essential, copying is an accepted practice, and competitors will stop at nothing to win a new market," wrote Mr Lee, a prominent figure in Beijing's internet sector and the former head of Google China.
"This rough-and-tumble environment makes a strong contrast to Silicon Valley, where copying is stigmatised and many companies are allowed to coast on the basis of one original idea or lucky break."
China's copycat era has its problems, including serious issues around intellectual property. Mr Lee writes that it has led to a generation of hardy and nimble entrepreneurs ready to compete.
Since the 1980s, China has been expanding its economy, which used to be based mainly on manufacturing, to one that is technology-based, Ms Fung says.
"In the last decade, we have seen more innovation from Chinese consumer-driven internet companies and high-end Chinese designs," she adds.
Can China catch up?
While Chinese tech companies certainly have unique advantages, the full impact of Beijing's authoritarianism is still unclear.
There are questions, for instance, about whether censorship would affect development of Chinese AI chatbots. Will they be able to answer sensitive questions about President Xi Jinping?
"I don't think anyone in China will ask controversial questions on Baidu or Ernie in the first place. They know it's censored," Ms Yeung says. "Sensitive topics are a very small part of the usage [of chatbots]. They just get more media attention," Ms Fung adds.
The bigger concern is that US attempts to restrict China's access to specialised tech can stymie the latter's AI industry.
High-performing computer chips, or semiconductors, are now the source of much tension between Washington and Beijing. They are used in everyday products including laptops and smartphones, and could have military applications. They are also crucial to the hardware required for AI learning.
US companies like Nvidia currently have the lead in developing AI chips and "few [Chinese] companies can compete against ChatGPT" given export restrictions, Ms Fung says.
While this will hit China's high-tech industries like cutting edge AI, it won't affect the the production of consumer technology, such as mobiles and laptops. This is because "the export controls are designed to prevent China from developing advanced AI for military purposes," Ms Schaefer says.
To overcome this, China needs its own Silicon Valley - a research culture that attracts talent from diverse backgrounds, Ms Fung says.
"So far it has relied on both domestic talent and those from overseas with Chinese heritage. There is a limit to homogeneous cultural thinking," she adds.
Beijing has been trying to close the gap through its "Big Fund", which offers massive incentives to chip companies.
But it has also tightened its grip on the sector. In March, Zhao Weiguo became the latest technology tycoon to be accused of corruption by authorities.
Beijing's focus on certain industries can bring financial incentives and loosen red tape, but it may also mean greater scrutiny, and more fear and uncertainty.
"Zhao's arrest is a message for other state-owned firms: don't mess around with state money, particularly in the chip space," Ms Schaefer says. "Now it's time to get on with the job."
How that message will affect the future of China's AI industry remains to be seen.
...


64x64

Copper dealt blow in battle for critical mineral status in the US www.mining.com

The US Geological Survey (USGS) has told congressmen and senators that copper has not reached the status of critical minerals needed to be added to the official list of commodities at risk of undersupply, the Copper Development Association (CDA) said.
The USGS decision comes despite some high-ranking political allies throwing their support behind the local copper sector.
The copper marketing body says the metal’s supply risk score is now above the threshold for automatic inclusion on the 2022 Critical Minerals list. It adds the USGG quoted misleading arguments that were not part of its own official 2022 methodology, to justify its decision.
“Unlike in Europe, where copper was recently added to its proposed Critical Raw Material and Strategic Raw Material lists based on forecasting future supply and demand projections, USGS addresses supply risk with a rearward looking analysis,” the CDA said.
It noted the USGS did not address current and forward-looking policy demands that can leave domestic supply chains short of copper.
“Continued supply trends and solid data confirm that the supply risk for copper is not a short-term issue that will self-correct without determined, immediate, and strategic action,” CDA’s president and CEO Andrew G. Kireta said in the statement.
The USGS’s last official evaluation for the 2022 Critical Minerals List is based on copper trade data that represents supply risk from 2014 to 2018, five to nine years out-of-date, and too old to be meaningful, Kireta noted.
Early this year, Senator Kyrsten Sinema, an Independent from Arizona, sent a letter urging Interior Secretary Deb Haaland to “revisit and reconsider the designation of copper as a critical mineral.”
Supporters included other senators whose home states are hubs of copper production and manufacturing, including Mark Kelly of Arizona, Joe Manchin of West Virginia, Indiana’s Mike Braun, Raphael Warnock of Georgia and Mitt Romney of Utah.
“This should be a no-brainer,” Sinema said in an interview with Bloomberg in February. “We have major gaps in both our ability to mine and process these minerals to ensure our energy security for the future, and the administration knows how important copper is to our domestic and national security.”
CDA members include some of the biggest copper miners, including Rio Tinto, BHP, and Freeport-McMoRan, as well as manufacturers such as Mueller Industries Inc.
The US critical minerals list is updated every three years and includes key battery metals needed for electric vehicle production such as nickel, lithium and zinc.
Eight Escondida mines needed
Based on studies conducted by the world’s largest copper miner, Chile’s Codelco, the world’s energy transition to stop climate change will take demand for the metal from 25 million tonnes per year now to just over 31 million tonnes in 2032.
List updated May 2023.
This means the world would need to build eight projects the size of BHP’s Escondida in Chile, the world’s largest copper mine, over the next eight years.
In terms of investment, experts estimate the industry needs more than $100 billion to build mines able to close what could be an annual supply deficit of 4.7 million tonnes expected by 2030.
...


64x64

Panel Meeting Held on Mongolia at EBRD Annual Meeting www.montsame.mn

The 32nd Annual Meeting and Business Forum of the European Bank for Reconstruction and Development (EBRD) was held in Samarkand, Uzbekistan on May 16-18 under the theme "Invest in Resilience". The delegation from Mongolia represented by Bank of Mongolia, Khan Bank, Golomt Bank, "Mobicom" Corporation, "Mandal" Financial Group, and "Digital Concept" and led by Deputy Minister of Finance S. Mungunchimeg and Deputy Minister of Economic Development G. Tuvdendorj took part in the event.
This year's meeting was organized under the topic "Ensuring economic stability during the crisis". Specifically, it was held on a wide range of issues such as support for sustainable economic growth, energy security, transition to renewable energy, and financing to support the digital transition of fast-growing markets.
During the forum, a panel meeting "The next frontier: Investing in Mongolia's promising future" was held to promote Mongolia's investment climate, and potential investors in mining, agriculture, tourism, and renewable energy were invited and informed about Mongolia's economic situation and investment environment.
Agreements between EBRD and Mongolian banks and a company were signed, namely:
• USD 20 million long-term financing agreement within the framework of the "Program to Support Women Entrepreneurs" with Khan Bank,
• USD 25 million financing package within the "Green Economy Financing" regional program with XacBank,
• USD 18 million contract for supporting retail business and financing the expansion of GS25 chain stores with "Digital Concept" Ltd.
...


64x64

Dark fleet operator Gatik reflags four tankers with Mongolia www. lloydslist.maritimeintelligence.informa.com

Gatik has targeted the regulatory obscurity of Mongolia’s ship register, which has one of the worst port state control records in Asia and no history of flagging international tonnage
Having been deflagged and removed from P&I cover because of its involvement in moving Russian oil, the world’s largest operator of dark fleet vessels, Gatik Ship Management, has turned to landlocked Mongolia to keep at least four of its tankers in business
BY Michelle Wiese Bockmann
michelle.bockmann@lloydslistintelligence.com
...


64x64

Foreign Minister to Visit Saudi Arabia www.montsame.mn

At the invitation of Minister of Foreign Affairs, HH Prince of Saudi Arabia Faisal bin Farhan Al Saud, Minister of Foreign Affairs of Mongolia B. Battsetseg will pay an Official Visit to the Kingdom of Saudi Arabia on May 24-26.
The ways to further develop bilateral relations and cooperation between the two countries are planned to be discussed at the meetings with Minister of Foreign Affairs HH Prince of Saudi Arabia Farhan Al Saud, and other officials.
...


64x64

Mongolia nudges China to increase investments – this time not just in mining, but how about goats, too? www.scmp.com

Mongolia wants its biggest source of capital, China, to invest more in agriculture and tourism as the northeast Asian country tries to diversify its economy away from mining, an economic affairs official told the Post.
The largely impoverished country of just 3.4 million people has opened its doors wider to foreign investment in livestock – a critical asset in the world’s biggest landlocked country spanning an area bigger than western Europe.
And Mongolia is particularly looking to secure additional capital for meat processing, dairy farming and raising goats for cashmere, according to Tuvdendorj Gendendorj, the deputy minister of economy and development.
Mongolia is also more open to outside tourism investment, including for casinos, Tuvdendorj said during a video call. China, which already accounts for 80 per cent of Mongolia’s foreign trade, should be a top draw for capital in these sectors, he added.
“The China market is very strategic for us,” Tuvdendorj said. “Foreign investment, especially from China, is expected to increase.”
His assessment came after Mongolian President Ukhnaagiin Khurelsukh vowed during his China visit in November to jointly promote their comprehensive strategic partnership.
Agriculture, including forestry, accounts for 13.2 per cent of the US$15.3 billion Mongolian economy, the World Bank says. About 60 million livestock live in Mongolia, the bank says, offering considerable potential to “drive economic diversification”.
The most recent World Bank figures also put Mongolia’s total arable land at 1.34 million hectares (3.3 million acres) in 2020.
And Tuvdendorj says Mongolia currently has 260,000 hectares of arable land available for investment, offering “great potential for agribusinesses”.
Why is the Chinese government so concerned about food security?
Tourism makes up about 11 per cent of the country’s economy, and the Asian Development Bank says that sector should be worth US$2.1 billion by 2028, with 149,000 jobs. International visitor arrivals totalled 471,239 in 2017 and should hit 1 million by 2028, the bank’s data shows.
According to the Chinese Ministry of Commerce, cumulative Chinese investment in Mongolia totalled US$5.16 billion by the end of 2020, including US$70 million in 2020. This has mainly been scattered across mining, energy, construction, finance and livestock-product processing.
To facilitate foreign investment, the Mongolian parliament is considering changes to the country’s constitution to increase transparency and elect more members through proportional representation by next year.
Constitutional updates “would aim to treat domestic and foreign investments equally, with parliament able to ratify major economic projects” that create economic gains for Mongolia, Tuvdendorj said.
Mongolia has been rebuilding much of its economy for the past three decades, since the 1990 fall of a communist system dependent on the former Soviet Union. Mining, the flagship sector, continues to attract investment, but it comes with a growing list of regulatory and environmental issues.
China’s economic growth is “creating demand” for imported meat while paving the way for agribusiness, said Xu Tianchen, a China economist with the Economist Intelligence Unit in Beijing.
“Mongolia can potentially meet this demand by leveraging foreign investments to upgrade its husbandry and make the sector more export-oriented,” Xu said. “It also needs to import established practices and technologies to stem the degradation of pastures.”
Renewable energy in Mongolia “boasts ample resources” such as wind and sunlight, Xu added, while Chinese companies would come with a “technological advantage”.
China has already been focusing heavily on relations with Central Asia over the past year to grow more partnerships amid tense trade ties with the US.
President Xi Jinping held a two-day summit last week in Xian, Shaanxi province, with leaders from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.
Mongolia also matters for China’s Belt and Road Initiative, noted Guilherme Campos the Shenzhen-based international business advisory manager with professional services firm Dezan Shira & Associates.
The belt and road is Beijing’s decade-long trade initiative to link economies into a China-centred trading network, largely by building large infrastructure projects abroad.
“China has significantly boosted its aid to Mongolia since [belt and road] was announced … and carried out several significant projects that were beneficial to the local social and economic growth,” Campos said.
BY Ralph Jennings
Ralph Jennings joined the Politcal Economy desk as a Senior Reporter in August 2022 having worked as a freelancer since 2011. Ralph previously worked for Thomson Reuters in Taipei and for local newspapers in California. He graduated from University of California, Berkeley with a bachelor’s degree in mass communication.
 
 
 
...


64x64

Mongolia’s Filmbridge on acquisitions spree at Cannes www.screendaily.com

Mongolian distributor Filmbridge is on an acquisitions drive at the Cannes market, picking up a raft of titles led by Kim Jee-woon’s Out of Competition drama Cobweb from South Korea’s Barunson E&A.
In a show of support for embattled Ukraine, the company picked up all that was available from Film UA, comprising director Stanislav Tiunov’s drama Bucha, the story of a refugee from Kazakhstan who saved hundreds of Ukrainians in cities and towns occupied by Russian troops; newly launched horror The Witch of Konotop; werewolf thriller Maksym Osa; and fantasy Myrnyi - 21: On The Frontline.
Filmbridge also pre-bought Hideo Nakata’s latest horror The Forbidden Play and Takashi Shimizu’s horror Immersion from Japan’s Toei.
From Germany’s Studio 100, which specialises in children’s and family-oriented films, Filmbridge picked up animations including 200% Wolf, Being Betty Flood, Giants Of La Mancha, and Ella Bella Bingo.
Further upcoming titles secured by the buyer include South Korean company Hive Filmworks’s action-adventure Paradise and thriller Cornell’s Box as well as Hungarian outfit Luminescence’s The Big Trip 3: Race Around The World.
“The market this year has been great so far,” said Tsogtbayar ‘Tsogo’ Namsrai, founder and CEO of Filmbridge. “Although I tried to take fewer meetings this time, it was still busy. In terms of traffic, it felt like the whole market and industry has fully recovered.
“The price for us is still not dictated by the size of the budget or talent, rather how much we can afford. I am in a loss with many titles but hoping to at least break even within the duration of the term. Most of the sales agents have been very understanding and supportive.”
Tsogo added that it has been an exciting year for Mongolia at Cannes with Only If I Could Hibernate in Un Certain Regard.
“It is the first Mongolian full-length movie selected for Cannes,” he said. “Many of my foreign colleagues and friends in the industry congratulated me although I had nothing to do with the film because everyone knows how hard I have been working to introduce both Mongolian films and the market.
“I was by myself when I first started but look at today. We have the Mongolian National Film Council and a movie in Cannes, with many filmmakers here with projects.”
Separately, Cobweb also sold to Japan (Happinet Phantom Studios), Taiwan (MovieCloud), Hong Kong/Macau (Edko Films), Singapore, Malaysia, Indonesia and Thailand (Clover Films), France and French-speaking territories (The Jokers Films, handled by Finecut), German-speaking territories and Italy (Plaion Pictures), Spain (La Aventura), CIS (Arna Media), Middle East (Phars Film), India (Impact Films), ex-Yugoslavia (Cinemania), worldwide inflight (Anuvu/Emphasis).
...


  • Terms of Reference
  • About
  • Contact Us

Managed by: B2BMongolia www.b2bmongolia.com

Events

News

Facebook