1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

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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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Mongolia logs 16 new COVID-19 cases www.xinhuanet.com

Jan. 25 (Xinhua) -- Mongolia recorded 16 more locally transmitted COVID-19 cases in the past 24 hours after 7,065 tests were conducted across the country, the National Center for Communicable Diseases (NCCD) said Monday.
The latest cases were detected in the country's capital Ulan Bator, including one in a worker of the health ministry, Amarjargal Ambaselmaa, head of the NCCD's surveillance department, said at a press conference.
Meanwhile, 20 more patients have recovered from the disease, said Ambaselmaa.
Noting a high risk of COVID-19 infection in Ulan Bator, Ambaselmaa urged people to maintain good personal hygiene habits, and stay at home and not go out unless absolutely necessary.
So far, Mongolia has confirmed a total of 1,643 COVID-19 cases with 1,169 recoveries and two deaths. Enditem
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EUR4.5 million project for employment promotion to be implemented www.montsame.mn

Ulaanbaatar/MONTSAME/. The National Development Agency (NDA) and the German Corporation for International Cooperation (GIZ) have agreed to implement a project entitled ‘Promotion of Growth and Employment in the Private Sector’.
The project will be funded by the German Ministry of Economic Development and Cooperation (BMZ) at a cost of EUR 4,500,000 and will run for three years, starting in January 2021.
The main goal of the project is to increase employment and create new jobs by supporting the economic stability or immunity of micro, small and enterprises and startups.
Source: National Development Agency of Mongolia
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Oscars: Mongolia Selects 'Veins of the World' for International Feature Category www.hollywoodreporter.com

Mongolia has picked the drama Veins of the World from director Byambasuren Davaa as its official entry for the 2021 Academy Awards in the best international feature category.
The film follows Amra, an 11-year-old boy living a traditional nomad life on the Mongolian steppe who sees his way of life threatened by the encroachment of international mining companies, who are devastating the natural habitat in their search for gold. Amra's father Erdene is the leader of the last nomads opposing them. When he dies, his son decides to take up the fight.
Veins of the World premiered at the Berlin Film Festival last year. Telepool's Global Screen is handling international sales. The Mongolian title is a late entry into the Oscar race. Academy members will vote Feb. 1-5 on the 2021 shortlist, which this year will include 15 international features.
But Davaa is no stranger to the Oscars. Her debut, The Story of the Weeping Camel, was nominated in the best documentary feature category in 2005. She also won acclaim for The Cave of the Yellow Dog and Two Horses of Genghis Khan, two other documentaries set among Mongolian nomad communities. Veins of the World is her feature film debut.
Commenting on the film's Oscar submission by Mongolia, Davaa noted that the environmental issues raised by Veins of the World "have long become a global issue, not just a local one."
After its Berlin debut, Veins of the World was picked up by several international distributors, including Les Films du Preau in France, Surtsey Films in Spain and Angel Films for Scandinavia. Pandora Film will release the movie in German later this year.
The nominations for the 93rd Academy Awards will be announced on March 15. The 2021 Oscar ceremony is scheduled for April 25.
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Assessment of gas trunkline across Mongolia advance www.ogj.com

Gazoprovod Soyuz Vostok has been registered in Mongolia as part of an August 2020 memorandum of intent between Gazprom and the government of Mongolia to set up a special purpose vehicle to perform design and survey works and conduct a feasibility study regarding construction of a gas trunkline to supply Russian gas across Mongolia to China.
“With the Soyuz Vostok gas pipeline, Russia's Power of Siberia 2 gas pipeline will extend through Mongolia, and its export capacity might become more than 1.3 times higher than that of Power of Siberia. This will allow us to export large amounts of gas from Western Siberia not only westward but also eastward,” said Alexey Miller, Gazprom’s management chairman, deputy chairman of the board.
The memorandum of intent followed a December 2019 memorandum of understanding providing for a joint assessment of the feasibility of the project for pipeline gas supplies from Russia to China across Mongolia (OGJ Online, Dec. 6, 2019).
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China to build 30 'fully connected' 5G factories by 2023 www.rt.com

China’s Ministry of Industry and Information Technology (MIIT) has said the nation plans to accelerate its rollout of wireless technology, setting up 30 "fully connected" 5G factories in ten key industries in the next two years.
According to the ministry, which has revealed an action plan for the coming years, three to five industrial internet platforms with international influence will be established, as well as a big data center.
The action plan highlighted that the next three years (2021-2023) will be a period of rapid growth for China's industrial Internet. During that period emerging business formats will prevail, including intelligent manufacturing, network-based collaboration, and personalized customization, MIIT said.
The industrial internet, also known as the Internet of Things (IoT), implies broader adoption of advanced technologies such as next-generation wireless networks, big data, and artificial intelligence.
MIIT data shows that China has already developed over 70 industrial internet platforms, connecting around 60 million sets of industrial equipment and more than 400,000 industrial enterprises.
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Gazprom creates company in Mongolia for gas pipeline design www.akipress.com

Gazprom has registered in Mongolia Gazoprovod Soyuz Vostok, a special purpose vehicle to deal with design and survey and the feasibility study for the project of building a main gas pipeline across Mongolia for gas deliveries to China, Tass reported as the company saying..
"The Soyuz Vostok gas pipeline will be an extension of the Russian gas pipeline Power of Siberia 2 on the territory of Mongolia, whose export capacity can be more than 1.3 times above the capacity of the Power of Siberia [gas pipeline]. This will make possible to supply gas from West Siberia for export in huge quantities not merely in the Western, but also in the Eastern direction," Gazprom CEO Alexei Miller is cited as saying.
Gazprom plans to complete preparation of the feasibility study for gas pipeline construction through Mongolia in the first quarter of 2021, Miller said this Tuesday at the meeting with Russian President Vladimir Putin. The feasibility study will be actually ready in the first quarter of 2021, he noted.
In December 2019, Gazprom signed a memorandum of understanding with Mongolia, contemplating joint assessment of the opportunity for pipeline gas supplies from Russia to China across Mongolia. In August 2020, a memorandum was signed providing for establishment of a special purpose vehicle to perform a pre-investment project assessment. Planned throughput capacity of the pipeline can be up to 50 bln cubic meters of gas per year.
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Wild Mongolian gazelles cross border to forage in China www.chinaplus.cri.cn

Hundreds of wild Mongolian gazelles have crossed the border to forage in China and spend one of the harshest winters in recent memory.
Officers at the Erenhot checkpoint in north China's Inner Mongolia Autonomous Region have been closely monitoring the gazelles, increasing patrols in key areas to protect the grazers.
According to a census carried out in 2000 and cited by the World Wildlife Fund, over 2 million gazelles inhabited Mongolia's Eastern Steppe at the time.
But the population of the species has been decreasing ever since – under threat from poorer weather conditions, infectious diseases, steppe fires, and human and livestock interference, among others.
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Cooperation in the field of free zones – A bilateral document between Mongolia and Turkey signed In Ankara www.montsame.mn

Ulaanbaatar /MONTSAME/ On January 21. 2021, Mr. Bold Ravdan, Ambassador of Mongolia to Turkey and Mrs. Gonca Yilmaz Batur, Deputy Trade Minister of Turkey signed “Memorandum of Understanding between Mongolia and the Republic of Turkey Regarding Cooperation in the Field of Free Zones” in Ankara.
While highlighting that the document will be much instrumental in promoting trade and investment between Mongolia and Turkey by forging long lasting mutually beneficial cooperation, the Deputy Trade Minister Mrs. Gonca Yilmaz Batur emphasized new opportunities of cooperation further such as establishing a logistics center and introducing new technologies in free zones.
Stressing the importance of cooperation Ambassador Bold affirmed his confidence that “Mongolia and Turkey will be able to tap on more opportunities such as establishing joint ventures by utilizing free zones with aim of promoting export oriented investment and production”.Since 1987, 18 free zones have become operational in Turkey with investment estimates over USD 22 billion, and about 2 thousand ventures, of which 5 hundred are foreign, operate in those free zones as of today.
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History made: Renewable energy surpassed fossil fuels for European electricity in 2020 www.cnn.com

New York (CNN Business)Europeans got more of their electricity from renewable sources than fossil fuels for the first time last year, according to an annual report from Ember and Agora Energiewende.
The report, which has been tracking EU's power sector since 2015, found that renewables delivered 38% of electricity last year, compared to 37% delivered by fossil fuels.
The shift comes as other sources, such as wind and solar power, have risen in the European Union. Both sources have nearly doubled since 2015, and as of last year accounted for one-fifth of electricity generation in EU countries, the report found. It's also the reason why coal power declined 20% last year, making up only 13% of electricity generated in Europe.
"Rapid growth in wind and solar has forced coal into decline, but this is just the beginning," said Dave Jones, senior electricity analyst for Ember and lead author on the report, in a statement. "Europe is relying on wind and solar to ensure not only coal is phased out by 2030, but also to phase out gas generation, replace closing nuclear power plants, and to meet rising electricity demand from electric cars, heat pumps and electrolysers.​"
Last year's Covid-19 lockdown measures resulted in less demand for electricity across the globe. European demand decreased by 4% in 2020, according to the report, which said Covid trends had no effect on the growth of renewable energy sources. Since 2015, Europe's electricity emissions recorded a historic decline, becoming 29% cleaner, the report noted.
The milestone follows commitments from EU leaders last month to cut greenhouse gas emissions by 55% from 1990 levels by 2030. In the United States, renewable energy overtook coal consumption in recent years. Last May, renewable energy sources were consumed more than coal for the first time since 1885.
"Post-pandemic economic recovery must not slow down climate action," said Patrick Graichen, director of Agora Energiewende, in a statement. "We therefore need strong climate policy -- such as in the Green Deal -- to ensure steady progress."
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Pacific island nations turn to Beijing-backed AIIB as pandemic sinks economies www.reuters.com

SYDNEY/WELLINGTON (Reuters) - Pacific island nations are turning to China-led agencies to plug funding gaps in their pandemic-ravaged budgets after exhausting financing options from traditional western partners, stoking fears the region is becoming more dependent on Beijing.
The Cook Islands, a tiny country of around 20,000 people in the South Pacific, turned to the Beijing-backed Asian Infrastructure Investment Bank (AIIB) late last year after loans from the U.S. and Japanese-led Asian Development Bank (ADB) and grant from close ally New Zealand fell short.
The US$20 million AIIB loan to the Cook Islands was the second to a strained Pacific economy in the last few months, after Fiji secured a US$50 million facility, signalling the arrival of a development bank closely linked to China’s Belt and Road Initiative to the Pacific.
Vanuatu, with a population of 300,000, also announced last week that it had accepted a US$12 million grant from the Chinese government.
While most Pacific island countries have used their natural borders to combat COVID-19 infections, they have faced economic hardship given their reliance on international tourism, a sector that abruptly shut as the pandemic struck.
China’s growing reach in the region is unsettling for the United States and its allies, who have been the dominant powers in the Pacific since World War II.
Despite being small, Pacific states boast strategic ports and air strips and control vast swathes of resource-rich ocean. They also represent a vote in some international forums.
“China is very willing to lend money to any Pacific island nation. As much as Australia and New Zealand have encouraged the islands to look to them first it’s been a lot easier getting money out of China,” said Fletcher Melvin, president of Cook Islands’ Chamber of Commerce.
The AIIB did not immediately respond to questions.
FUNDING GAP
One of the most remote outposts of World War Two, Cook Islands has a free association agreement with New Zealand and shared citizenship, though it is its own country.
Almost one-third of Cook Islands’ NZ$215 million ($153.2 million) external debt now lies with Beijing-linked bodies, AIIB and China’s Exim Bank, up from 16% before the pandemic.
Cook Islands expects to require additional borrowings of NZ$71.2 million ($50.74 million) over the next three years to cover shortfalls, documents show.
Jon Fraenkel, Professor in Comparative Politics at Victoria University of Wellington said Fiji, which has one of the biggest Pacific economies, was desperate for foreign funds after it entered the pandemic in a weak financial position.
The Cook Islands has previously defended its economic ties to China, which has funded several projects, including a water supply system. Its government did not respond to requests from Reuters for comment.
The ADB said in a statement to Reuters that late last year it provided an additional US$20 million loan, which was the “country limit” for the small island nation.
The New Zealand government said it provided a NZ$22 million ($16 million) grant through its aid programme.
After getting what it could from those sources, the Cook Islands then sought funding from AIIB, sources with knowledge of the financing talks told Reuters.
“If the AIIB becomes the primary lender to the Pacific and the region’s economic recovery is driven by Chinese lending, then certainly there will be cause for significant concern that economic dependence could be exploited,” said Anna Powles, senior lecturer in the Centre for Defence and Security Studies at Massey University based in Wellington.
($1 = 1.4033 New Zealand dollars)
Reporting by Jonathan Barrett and Praveen Menon; Editing by Simon Cameron-Moore
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