1 LEGAL REFORMS IN MONGOLIA’S EXTRACTIVE SECTOR WWW.EN.MININGINSIGHT.MN  PUBLISHED:2025/12/24      2 ICONIC SAMUEL BECKETT BRIDGE TO BE ILLUMINATED IN MONGOLIA’S NATIONAL FLAG WWW.MONTSAME.MN PUBLISHED:2025/12/24      3 TUGRUG DEPOSITS RISE BY MNT 3.7 TRILLION WWW.MONTSAME.MN PUBLISHED:2025/12/24      4 CHINA DENIES REPORT OF 100 ICBMS IN BORDER SILOS, URGES U.S. CUTS WWW.UPI.COM PUBLISHED:2025/12/24      5 ERENHOT, LARGEST LAND PORT ON CHINA-MONGOLIA BORDER, SEES RISE IN CROSS-BORDER TRAFFIC VOLUMES WWW.XINHUANET.COM PUBLISHED:2025/12/24      6 CLIMATE RISKS ARE BECOMING FINANCIAL RISKS: WHAT MONGOLIA’S EXPERIENCE REVEALS WWW.UNESCAP.ORG PUBLISHED:2025/12/24      7 4.5 MAGNITUDE EARTHQUAKE HITS SOUTHWESTERN MONGOLIA WWW.XINHUANET.COM PUBLISHED:2025/12/24      8 ENTRÉE RESOURCES PROVIDES UPDATE ON ENTRÉE/OYU TOLGOI JOINT VENTURE LICENSE MATTERS WWW.INVESTINGNEWS.COM PUBLISHED:2025/12/23      9 CHINA QUIETLY LOADS 100+ ICBMS INTO NEW MISSILE SILOS NEAR MONGOLIA: REPORT WWW.FOXNEWS.MN PUBLISHED:2025/12/23      10 MONGOLIA PRESENTS PILOT RESULTS OF NATIONAL MULTIDIMENSIONAL POVERTY INDEX WWW.AKIPRESS.COM PUBLISHED:2025/12/23      “УЛААНБААТАР МЕТРО ТӨСӨЛ”-ИЙН ТЕНДЕРИЙН ХОЁРДУГААР ШАТНЫ ШАЛГАРУУЛАЛТ ЗАРЛАГДЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/24     2026-2028 ОНД ДУЛААНЫ ТАВДУГААР ЦАХИЛГААН СТАНЦЫГ ТӨР, ХУВИЙН ХЭВШЛИЙН ТҮНШЛЭЛЭЭР БАРИНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/12/24     ХОГ ШАТААЖ, ЭРЧИМ ХҮЧ ГАРГАХ ҮЙЛДВЭРИЙН БАРИЛГА УГСРАЛТЫН АЖЛЫГ 2026 ОНД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/12/24     АЙЛ ӨРХ, ОРОН НУТГИЙН ХЭМЖЭЭНД СЭРГЭЭГДЭХ ЭРЧИМ ХҮЧНИЙ ХЭРЭГЛЭЭГ НЭМЭГДҮҮЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/24     ТӨРИЙН ӨМЧИЙН 8 КОМПАНИЙГ ХУВЬЧИЛЖ, 18-ЫГ НЭЭЛТТЭЙ ХУВЬЦААТ КОМПАНИ БОЛГОНО WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/24     80,000 ГАРУЙ ТАТВАР ТӨЛӨГЧ 1.29 ИХ НАЯД ТӨГРӨГИЙН ТАТВАР ТӨЛЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/12/24     ДЭНЖИЙН МЯНГА 93 МВТ ХИЙН ДУЛААНЫ СТАНЦЫГ ТӨР, ХУВИЙН ХЭВШЛИЙН ТҮНШЛЭЛЭЭР БАРИНА WWW.GOGO.MN НИЙТЭЛСЭН:2025/12/24     НИЙСЛЭЛИЙН 2026 ОНЫ ТӨСВӨӨР ШИНЭЭР 207 ТӨСӨЛ, АРГА ХЭМЖЭЭ ХЭРЭГЖҮҮЛНЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/12/23     БНХАУ 100 ГАРУЙ ТИВ АЛГАСАГЧ ПУУЖИНГ МОНГОЛЫН ОЙРОЛЦОО БАЙРШУУЛСАН БАЙЖ БОЛЗОШГҮЙ WWW.ITOIM.MN НИЙТЭЛСЭН:2025/12/23     ТӨГРӨГИЙН АМ.ДОЛЛАРТАЙ ХАРЬЦАХ ХАНШ 158 ТӨГРӨГӨӨР СУЛАРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/12/22    

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Events

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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China halts 15 Inner Mongolia mines after exceeding production quotas www.energiesmedia.com

China has been on a regulatory inspection spree across its vast coal sector, which has led to the closure of fifteen mines in the Inner Mongolia region. The nation is following a directive issued by the President that aims to sacrifice short-term success for the environmental commitments made to the international community. China has, for the past few decades, been one of the world’s worst polluters and, as such, has implemented a new approach to the coal sector that may have a significant effect on the sector overall.
China is focused on the oversupply issues in the coal sector in the Inner Mongolia region
The news that Inner Mongolia’s Autonomous Region Energy Bureau recently ordered that 15 coal mines in the Ordos region cease operations following an inspection of the sites by the government.
President Xi recently outlined his nation’s plans to conduct inspections at several coal sites across the country. The aim is to assess the sites for oversupply and general safety concerns. The result in the Inner Mongolia region, which contributes approximately 27% of the country’s total coal output according to 2024 data from the National Bureau of Statistics, is that several sites have been ordered to halt operations.
Some have cleared the inspections and have been allowed to resume operations; however, the nationwide inspection campaign was launched in July 2025 and has found 15 sires that are guilty of oversupplying the sector by at least 10%.
“The targeted enforcement in Ordos highlights Beijing’s determination to maintain discipline in coal production. These actions send a clear message that production quotas are not merely suggestions but binding operational parameters” – industry analyst Zhang Wei from the China Coal Strategic Research Institute
The inspections represent the most extensive regulatory interventions in years for China
As President Xi announced in July of this year that he had instructed the government to address the oversupply issues in the nation’s coal sector, industry stakeholders were scrambling to meet the necessary safety and oversupply requirements, and a significant number of them failed.
The region where the inspections were conducted, known as the Ordos Basin, is crucial to China’s energy security. The region holds some of China’s highest quality coal, including significant deposits of thermal and coking coal essential for power generation and steel production.
According to documents from the Inner Mongolia Autonomous Region Energy Bureau, these inspections represent the most extensive regulatory interventions in the region’s coal sector in many years.
The results of the inspections revealed systematic overproduction across multiple facilities, which triggered immediate regulatory action. The government has warned industry experts that they should anticipate continued regulatory vigilance throughout 2025, as the Chinese government aims to bring the coal sector back to its regulatory standards.
As China is one of the nations aiming to curb the influence and effects of the coal sector on the environment, other major players in the energy sector will surely follow the pioneering example set by the Chinese. Whether the inspections have a lasting impact on the coal sector is yet to be determined.
The inspections outline the ongoing evolution of the Chinese coal industry
China is just the latest country to continue the evolution of the coal sector; Russia has also reported a significant alteration of the coal sector’s output and influence on the energy sector as a whole. One would have expected the Chinese to keep the details of the inspections to themselves; however, China can not operate and grow its energy sector without the support of the international community. With that in mind, we can understand the evident clarity and transparency that the Chinese have presented to the global community. Hopefully, the sector can recover and continue to grow.

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Mongolia to join data center frenzy with Chinggis Khaan sovereign wealth fund www.cnbc.com

Mongolia, long reliant on mining, plans to build data centers powered by renewable energy as it prepares its first sovereign wealth fund aimed at channeling its mineral wealth to social welfare and infrastructure.
"We have a massive land with a very favorable climate for activities like [hosting] data centers," Temuulen Bayaraa, CEO of the sovereign fund, told CNBC on the sidelines of the Milken Institute Asia Summit in Singapore on Friday.
The landlocked East Asian nation is developing special economic zones dedicated for data centers, she added, referring to the Hunnu City that is envisioned as a smart, sustainable urban city.
The Chinggis Khaan Sovereign Wealth Fund, established by law in April last year, has $1.4 billion in reserves and seeks to tap global demand for computing power and clean energy. Its investment strategy is still pending the government's review and final approval.
A host of Asian countries have accelerated efforts to develop data centers this year amid growing demand for cloud computing and artificial intelligence. Japan, Singapore and Malaysia have ramped up investments in building out their data center capacity.
The recent explosion in AI workloads globally requires vast computing power, electrical power, cooling and networking infrastructure. Goldman Sachs expects global power demand from data centers to rise 50% by 2027 and by as much as 165% by 2030.
Aside from data centers, part of the fund's returns will also be used to build "mega-scaled" renewable energy power grids and projects, as part of the country's efforts to boost green energy exports to neighboring countries, Bayaraa said. Mongolia, sandwiched between Russia and China, has upgraded its ties with both superpowers to the level of "comprehensive strategic partnerships" in recent years.
The plan comes as the Mongolian government pledged to boost the share of renewable energy, especially wind and solar power, in the country's electricity capacity to 30% by 2030, up from 18.3% in 2023.
The fund's investment strategies will also center on countering risks associated with price fluctuations in commodities, Bayaraa said, as the funds' sources are "very dependent on commodities." The Chinggis Fund is managed by Erdenes Mongol, a government-owned holding company that owns a share in the country's mining assets.
The sparsely-populated country, with just about 3.5 million residents, has benefited from a boom in prices for its rich supplies of critical minerals, including coal, copper, uranium and rare-earth elements.
Rebuilding trust
The Mongolian government has been under growing pressure to distribute its mineral wealth among its people and put an end to corruption in the sector. Anti-corruption protests in its capital, Ulaanbaatar, earlier this year forced Oyun-Erdene Luvsannamsrai to step down as prime minister.
"People didn't feel like mining contributed to the wealth, betterment of their livelihoods while eroding the natural resources. But now the sovereign wealth fund is positioned in a way to rebuild that trust," Bayaraa said.
The fund will play a central role in the country's development plan aimed at providing more transparency and equity in wealth distribution, she added, by pulling in mineral wealth to be "managed and disbursed in a ring-fenced manner to support people, their educational needs, financing, educational, healthcare and housing needs."
"The critical work is to build a governance model [for the fund]," she added. Citizens will be able to access on an app details of the fund's sources, allocation and balance. "It's very targeted intervention for expanding middle class, pushing labor market participation," she said.
The fund's leader plans to hire members of the Mongolian diaspora with experience in the banking, investment, and wealth management industries to return home and help manage the fund.
"For the longest time, Mongolia has been attracting investment into Mongolia. For the first day, we are becoming an investor to contribute to the global agenda," Bayaraa said.

 

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Twelve Mongolian Athletes Selected for Olympic Solidarity Scholarship Program Ahead of LA 2028 www.montsame.mn

The International Olympic Committee’s (IOC) Olympic Solidarity program has announced a scholarship initiative to support athletes preparing for the Los Angeles 2028 Olympic Games. The program aims to increase opportunities for athletes to participate in qualification tournaments and provide assistance for their training and Olympic preparation on October 3, 2025.
The Mongolian National Olympic Committee (MNOC) submitted the results of athletes nominated by various sports federations to the IOC. After careful review in cooperation with international sports federations, twelve Mongolian athletes across eight different sports were selected for the scholarship. A Tripartite Agreement was signed between the MNOC, the respective sports federations, and the selected athletes. Today, IOC member and MNOC President Battushig Batbold, together with MNOC Secretary General Badar-Uugan Enkhbat, welcomed the athletes and representatives from the sports federations at the Olympic House in Ulaanbaatar.
The scholarship recipients are:
Wrestling: N. Batbilguun, B. Munkh-Erdene, E. Davaanasan
Judo: L. Enkhriilen, O. Ankhzaya
Boxing: B. Misheelt, O. Yesugen
Shooting: O. Yesugen
Archery: B. Urantungalag
Taekwondo: G. Enkhbayar
Cycling: S. Jambaljamts
Weightlifting: G. Anuujin
The scholarship will be awarded from September 1, 2025, and may continue until August 31, 2028, provided the athletes qualify for the Olympic Games and receive official confirmation from the MNOC. According to the IOC agreement, each athlete will receive a monthly stipend of USD 750, with funding disbursed in installments of USD 3,000 every four months.
For comparison, during the Paris 2024 scholarship program, fifteen Mongolian athletes from eight sports participated, and nine of them secured Olympic qualification, achieving a 60 percent success rate.

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Stone tools uncover 140,000-year-old human history in the Mongolian Gobi www.interestingengineering.com

A groundbreaking new study reveals that ancient human groups inhabited the Mongolian Gobi Desert when it was a lush landscape of lakes and wetlands. The findings, published in PLOS One, push back the timeline of human presence in the region significantly, from approximately 140,000 years ago until around 8,000 years ago.
While the Gobi is known today as a harsh, arid region, researchers say a much wetter climate during the Early Holocene created a favorable environment for early human populations.
A new study published in PLOS One by an international team of archaeologists examined a dried-up lake in the Gobi Desert that was left over from the Ice Age as temperatures rose. They even found a cluster of stone tools — up to 2,700.
The Luulityn Toirom Paleolake provided them with rare evidence of human occupation during this humid phase of the Gobi Desert. This evidence suggests that humans were present much earlier than expected, showing their ability to adapt to desert landscapes during these brief humid periods.
By studying lake sediments, soil layers, and nearby landforms, researchers determined the ancient lake’s size and shape and how the climate changed. They combined all this evidence to glean who lived there, what they did, and how they made these tools.
The study shows that early Homo sapiens were strategic, climate-aware foragers who could thrive on the desert’s edge while they spread to new territories as the global ice melted.
Combining techniques such as geoarchaeology, sedimentology, luminescence dating, and lithic analysis, they discovered that the mountain basin once held a lake in the Pleistocene and Early Holocene, up to 140,000 years ago, according to Archaeology News.
One method worthy of note was optically stimulated luminescence, which helped them to understand how long ago the soil was last exposed to sunlight. This technique uncovered the deepest layers of human activity, which were dated between 8,000 and 13,000 years ago.
Tools that reveal how smart and agile humans were
The 2,726 lithic artifacts recovered suggest that early humans exhibited the ability to think ahead about the tools they crafted with notable skill.
From scraping leather to processing wood and bones, these tools were made from jade and chalcedony, sourced from distant outcrops. This finding shows the remarkable mobility, trade, and foraging territories of these early humans.
As per the study, the tools at site FV92 show that humans “transported raw materials from elsewhere, produced bladelets using structured reduction sequences, and used them for diverse tasks such as scraping, cutting, and processing plant and animal materials.” This reveals a “complex and organized approach to tool production and use” in this region of the Mongolian Gobi Desert.
“It is noteworthy that there are no outcrops of raw materials located in the vicinity of the site,” the study authors explained.
A study that fills a gap in early human history
These early humans were highly mobile and possessed extensive knowledge of their environment. They would have traveled substantial distances to source the materials they used, even to butcher animals and process plants. Archaeologists thus got a snapshot of these early humans during a pivotal moment in history when the climate permitted their dispersal through a warming Gobi Desert.
This was one of the few studies that employed a multidisciplinary approach to understand Early Holocene human activity in the Gobi Desert, revealing how they interacted with the land and adapted to the changing climate. The research focuses on human dispersal after the Ice Age, which was made possible by the rising temperatures, and the strategies they employed to thrive.
“The research is part of comprehensive multidisciplinary projects aiming at reconstructing, among other things, the ways of exploiting the natural environment of the Gobi Desert by prehistoric communities,” the authors concluded in the study.
“The obtained results contribute to filling the gaps in the knowledge about the presence and technological behavior of prehistoric communities in the arid regions of Central Asia.”
ABOUT THE AUTHOR
Maria Mocerino Originally from LA, Maria Mocerino has been published in Business Insider, The Irish Examiner, The Rogue Mag, Chacruna Institute for Psychedelic Plant Medicines, and now Interesting Engineering.

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Ceramic Sculptor Sukhburen Becomes UNESCO IAC International Artist Member www.montsame.mn

Ceramic sculptor and artist Sukhburen Narankhuu has been admitted as an official UNESCO IAC International Artist Member.
This is a clear recognition of the high international appraisal of his artistic work and is an important event that has elevated the prestige of Mongolian culture and arts worldwide, the Arts and Culture Department of Mongolia reported.
Ceramic sculptor Sukhburen combines the essence of human existence with contemporary art trends in his work, developing ceramic art to a new level. He graduated in 2005 from the Mongolian Academy of Fine Arts (MAFA) with a major in ceramic art and studied in 2013 at Myongji University in Seoul, Republic of Korea. N. Sukhburen is an Honored Figure of Culture of Mongolia and an award-winning sculptor of the Union of Mongolian Artists.
Notably, his work “Smiling Love” was selected as one of the top three works of Fine Arts in 2023.

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Mongolia exports over 18,000 tons of meat, meat products in first 8 months www.xinhuanet.com

Mongolia exported 18,100 tons of meat and meat products in the first eight months of 2025, a 10.9 percent decrease compared to the same period last year, the country's Ministry of Food, Agriculture and Light Industry said on Saturday.
The sheep and goat meat accounted for 63 percent of total exports, the ministry said in a statement.
During the period, the majority of the meat and meat products were exported to China, the United Arab Emirates, Qatar, Kazakhstan, Uzbekistan and Vietnam.
The sector of animal husbandry is one of the main pillars of the Mongolian economy, and almost 40 percent of the country's nomadic population depends on it.
However, due to the harsh and long winter, most of Mongolia's nomadic herders lose livestock every year, which leads to a reduction in their livelihoods.
According to the National Statistics Office, Mongolia had 57.6 million head of livestock at the end of 2024.

 

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‘Parliamentary proceedings should continue despite MPP leadership dispute’ www.ubpost.mn

Speaker of the Parliament D.Amarbayasgalan made a public statement addressing the political turmoil surrounding the recent Mongolian People's Party (MPP) chairman election and allegations against his leadership.
D.Amarbayasgalan criticized what he described as an orchestrated campaign by members of the Executive Branch, alleging they are “slandering him without evidence” following the party leadership race. He claimed his former rival in the MPP election has refused to accept defeat and is using political influence to discredit him and hinder the functioning of the legislature. As evidence, he pointed to the failed meeting of the Standing Committee on Justice, which was unable to proceed due to what he described as pressure from government officials and certain MPs. He emphasized that despite 10 members registering for attendance, the meeting did not take place because the individuals levying accusations against him failed to attend.
D.Amarbayasgalan further alleged that the individual who falsely accused him of involvement in coal theft has since been rewarded with a ministerial position, calling this a troubling precedent.
Regarding serious allegations connecting him to a March 2, 2025 murder case, D.Amarbayasgalan stated that he had formally requested clarification from the General Police Directorate, which confirmed no investigation or witness testimony had been conducted related to him. He also addressed Justice Minister L.Munkhbaatar, urging him to ensure swift action from law enforcement bodies. “The police responded that the request to open a case had been sent to the prosecutor, but no actual investigation has taken place,” he added.
Meanwhile, MP B.Enkhbayar confirmed he has been nominated by Prime Minister G.Zandanshatar to serve as Minister of Justice and Home Affairs. He said formal procedures to present him to the President and Parliament are underway.
B.Enkhbayar also commented on recent news of his expulsion from the MPP, which he claimed was announced through the media and not through proper channels. “This so-called General Supervisory Committee has no constitutional authority. It is the same committee whose members were summoned as witnesses in the coal theft hearings,” B.Enkhbayar said, vowing to continue his political work independently. “I will not be expelled by coal thieves. I will expel coal thieves from this country”, B.Enkhbayйr said. 
In a parallel development, members from the main opposition Democratic Party (DP) expressed positions. Kh.Temuujin emphasized that Speaker D.Amarbayasgalan, as a participant in the MPP leadership contest, has a conflict of interest and should temporarily step aside from his duties until public concerns are addressed.
“If someone directly involved in these issues presides over parliamentary discussions, it creates a serious ethical and procedural conflict,” he said. The second major concern raised by the DP involves the 2026 national budget, which the party claims is being introduced without responsible leadership or proper ownership.
“The budget has no clear direction. Ministries are inactive. Even those entering Parliament as ministers lack credibility. Teachers, pensioners, and businesses are demanding answers, but no one is accountable,” Kh.Temuujin said.
The DP clarified that their faction is not attempting to disrupt parliament, but insists that parliamentary proceedings continue under the deputy speaker until the conflicts involving D.Amarbayasgalan and G.Zandanshatar are resolved.
“The Parliament is not stalled. We showed up, formed a quorum, and stayed in session. The real issue lies with those failing to lead responsibly during this critical time,” Kh.Temuujin concluded. As the government faces mounting pressure over the MPP leadership crisis and urgent national budget issues, the political standoff continues to grow.

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Policy to ‘strangle’ construction companies www.ubpost.mn

Over the past decade, Mongolia’s construction sector has developed rapidly, becoming one of the main drivers of the national economy, as many studies have shown. Across the country, new residential zones have been added, and satellite cities and sub-center projects have been pushed forward with investments from both the government and the private sector.
Expanding the capital city through sub-centers to reduce traffic congestion, ease the burden on public services like hospitals, schools, and kindergartens, and to decentralize the population is the right approach. However, a key issue that arises is the level of participation of national manufacturers and businesses in the ongoing projects and programs.
This has become a constant topic of contention and debate. Every construction effort involves taxpayer money to some degree, and more importantly, it affects the livelihoods, jobs, and future of many thousands of people and national industries.
Nevertheless, industry insiders have long criticized that the space for domestic producers and contractors in the construction sector is shrinking year by year, and the government itself is allegedly implementing a covert policy of exclusion and suppression. “The moment something starts, there's a desire to buy goods and services from abroad.”
According to the National Statistics Office, over 200 large and small building materials factories are registered and operating in Mongolia. They produce cement, bricks, lightweight blocks, glass, steel, insulation materials, and rebar, among others. Many of these have the capacity to supply up to 500,000 tons of products annually, yet they reportedly cannot participate fully in national projects and developments. Experts in the field say that the tender requirements for government and concession projects do not match the real capabilities of domestic manufacturers.
They note, “Government agencies usually require companies to supply around one million tons of product per year in contracts. There are barely any factories in Mongolia with that kind of experience or capacity, which simply opens the door for foreign suppliers. In other words, while giving preferential treatment to foreign companies, the government fails to support domestic producers through policy. Even though they are aware of the financial and technological limitations and capacity issues of local companies, the tender criteria are excessively high—this is what leads to these criticisms. Furthermore, due to lack of investment, bank loans, and government support, the competitiveness of domestic factories continues to decline. The hidden ‘suppressive policy’ that some authorities practice has significantly hindered the development of the sector.”
As a result, this sector, which has a 99-year history, has not yet stabilized. Domestic production remains unstable, and the market is still heavily dependent on imports. National producers and contractors often submit complete documentation for tenders in the capital and provinces but are frequently excluded on grounds such as “lack of experience, weak financial capacity, or insufficient production scale”.
These factories and companies provide jobs to many people and try to compete fairly in the industry. But they are often mocked as “wannabes,” while both public and private institutions clearly show a strong preference for buying goods and services from abroad at the earliest opportunity.
At the recent “Barilga Expo 2025” one manufacturer said, “Not all national manufacturers are of poor quality, and not all foreign companies are excellent either. But lately, the capital city’s road, building, and other construction projects have started employing more foreign workers—especially contractors from China and other countries. The reason again comes down to tenders. Our authorities now frequently announce international tenders. We’re not denying the value of foreign investment, manpower, construction quality, or technical capacity. But currently, there are about 17,000 companies registered in Mongolia’s construction sector, of which only half are active. Over 70 percent of those are small to medium enterprises with fewer than 50 employees. Think of how many lives depend on them. The government claims to support SMEs, but in reality, it continues to suppress them. Even the ‘Barilga Expo’ itself now clearly reflects this.”
9.1 trillion MNT circulating in construction sector
Even the “Barilga Expo”, which is supposed to help companies introduce and sell their products and services to the public, has, they say, fallen into foreign hands. This major construction event took place from September 12 to 14 at the “Buyant-Ukhaa” Sports Palace. In recent years, the event has grown into an international exhibition. At this 38th edition, around 60 companies from more than 30 countries—such as China, Germany, Italy, Japan, Russia, South Korea, and Turkey—participated to promote their products and services.
According to presentations at the expo, the volume of construction and major repair work increased from 7.5 trillion MNT in 2023 to 9.1 trillion MNT last year. At the 37th Barilga Expo held in April this year, around 400 companies participated, but only about 100 of them were Mongolian. This was criticized at the time as well.
Therefore, many suggested that exhibition space should be allocated more equitably to national manufacturers and that more attention should be paid to local companies. It is quite disappointing that the only major event that showcases the current state of Mongolia’s construction sector is now dominated by foreigners.
Although the goal is to promote and showcase domestic products and services, it has long turned into a chaotic affair under a nice name. According to last year’s data from the National Statistics Office, around 96,000 people worked in the construction sector, earning an average monthly salary of two million MNT.
The majority of essential building materials in the market are imported. Only cement production met about 60 to 70 percent of domestic demand. Most other materials were imported from China. Moreover, the participation of national companies in the construction sector was relatively low. The National Statistics Office’s report, “Construction Sector Overview,” states that about half of the construction and housing project work was carried out by foreign companies.
Researchers say that even Mongolia’s largest companies have been downsized and are increasingly being forced into the small and medium enterprise (SME) category.
Will we celebrate 100 years of construction with this outlook next year? 
According to statisticians, the main challenges facing national manufacturers are multifaceted and clearly have a significant impact—both directly and indirectly—on the development of the construction sector.
As mentioned earlier, there has been continued criticism regarding the lack of access to project and development tenders for domestic companies. The Mongolian Builders’ Association has held multiple press conferences demanding greater involvement for national producers.
They argue that unless the government implements a consistent policy to support domestic manufacturers, the market will soon be monopolized by a handful of large corporations, pushing out small and medium-sized enterprises (SMEs).
Therefore, they insist on adjusting tender thresholds and requirements to match the real capabilities of national companies, increasing their access to major projects, and maintaining market balance by mandating a set quota for domestic businesses in government procurement. Otherwise, Mongolia’s construction sector will enter its 100th anniversary next year—and likely the years that follow—with this same grim outlook. In developing countries like ours, government policy plays a crucial role in supporting national industries.
For example, Kenya’s National Construction Authority operates with the purpose of supporting small and medium-sized manufacturers. It provides training for construction companies, implements professional development programs, and enables them to participate in tenders—focusing on building their competitiveness.
Similarly, Tanzania’s National Construction Council, funded by the national budget, also enforces policies that support domestic production. The council sets quality and safety standards for the construction sector, works to improve workforce skills, and supports SMEs to ensure sustainable development within the sector.
 Russia is considered a good international example for implementing various supportive measures for construction companies—such as offering flexible loans, tax incentives, lowering mortgage interest rates, and increasing state-backed investments.

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Draft Budget 2026 Includes Funding for 579 Projects and Programs www.montsame.mn

In accordance with the Prime Minister’s official instruction, dated July 25, 2025, “On Certain Urgent Measures to be Taken by the Government,” Deputy Prime Minister Dorjkhand Togmid presented a plan to improve public procurement and promptly organize it in compliance with law and regulations at the Cabinet meeting on September 10, 2025.
Following the presentation, the general budget governors were instructed to organize the public procurement for new projects and programs promptly in line with the plan. The 2026 draft State Budget Law, submitted to the Parliament, includes funding for a total of 579 projects and programs through state budget investment, comprising 149 new projects to be implemented in 2026 and 430 continuing projects from the previous year, across the budget portfolios of 26 general budget governors.
According to the list approved by the Government, the general budget governor will be able to organize the public procurement expeditiously by immediately submitting the necessary supporting documents, such as the design drawings and estimates, feasibility study calculations, technical specifications, scope of work, and other required materials to the State Procurement Agency.

 

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Gold purchase by Mongolia's central bank drops 19.5 pct www.xinhuanet.com

The Bank of Mongolia said Thursday that its purchase of gold dropped by 19.5 percent in the first nine months of 2025 compared with the same period last year.
The country's central bank has purchased a total of 9.8 tons of gold from legal entities and individuals in the January-September period.
As of September, the average price of gold per gram purchased by the Bank of Mongolia was 421,178 Mongolian tugriks (117.2 U.S. dollars).
Purchasing gold is a major way to protect wealth against inflation and economic uncertainty and to ensure the country's economic stability by consistently increasing foreign currency reserves, said the bank.

 

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