1 DRAFT LAW ON RECALLING MEMBER OF PARLIAMENT INITIATED BY PRESIDENT TO BE SUBMITTED TO PARLIAMENT WWW.MONTSAME.MN PUBLISHED:2026/03/01      2 PM ZANDANSHATAR: GOVERNMENT TO IMPLEMENT PHASED POLICY REFORMS WWW.MONTSAME.MN PUBLISHED:2026/03/01      3 MOU SIGNED TO REDUCE MEDICINE SUPPLY DISRUPTIONS WWW.MONTSAME.MN PUBLISHED:2026/03/01      4 GROUNDWATER AND FLOOD PROTECTION PROJECT TO BE IMPLEMENTED IN SIX CENTRAL DISTRICTS WWW.MONTSAME.MN PUBLISHED:2026/03/01      5 MONGOLIA’S FOREST COVER CONFIRMED AT 8.71 PERCENT WWW.MONTSAME.MN PUBLISHED:2026/03/01      6 'TUUL' WATER COMPLEX DESIGNED TO STORE 50–100 MILLION CUBIC METERS OF WATER WWW.MONTSAME.MN PUBLISHED:2026/03/01      7 N.TAVINBEKH RELEASED ON BAIL WITH BORDER-EXIT RESTRICTION WWW.GOGO.MN PUBLISHED:2026/03/01      8 JAPAN WILL ASSIST MONGOLIAN IT COMPANIES IN THEIR EFFORTS TO ENTER FOREIGN MARKETS WWW.OPEN.KG PUBLISHED:2026/02/27      9 SECURITIES TRADING TRANSACTIONS INCREASED BY MNT 61.5 BILLION WWW.MONTSAME.MN PUBLISHED:2026/02/27      10 MONGOLIA’S GEOLOGICAL POTENTIAL AND ITS ROLE IN THE GLOBAL MINERALS SUPPLY CHAIN HAVE LONG BEEN RECOGNISED WWW.MININGINSIGHT.MN PUBLISHED:2026/02/27      Т.АЮУРСАЙХАН: Л.ОЮУН-ЭРДЭНЭ ЗАХИАЛЖ, НАМАЙГ ХИЛСЭЭР ЯЛЛУУЛСАН WWW.ITOIM.MN НИЙТЭЛСЭН:2026/03/01     ХӨРСНИЙ УС, ҮЕРИЙН ХАМГААЛАЛТ ТӨСЛИЙГ НИЙСЛЭЛИЙН ТӨВИЙН ЗУРГААН ДҮҮРЭГТ ХЭРЭГЖҮҮЛНЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/03/01     "МОПЕД, СКҮҮТЭРИЙГ 16 НАС ХҮРСЭН ХҮНД ТҮРЭЭСЛҮҮЛНЭ" WWW.EAGLE.MN НИЙТЭЛСЭН:2026/03/01     ОЙРХИ ДОРНОДОД 281 МОНГОЛ ИРГЭН ОРШИН СУУЖ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/03/01     Ж.ДЭЛГЭРЖАРГАЛ: ТӨСВИЙН ХӨРӨНГӨ ОРУУЛАЛТ ТООНООС ЧАНАР РУУ ШИЛЖИЖ БАЙГАА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/03/01     ОЮУ ТОЛГОЙН ЭКСПОРТЫН ЗЭСИЙН БАЯЖМАЛД ЯМАР ХЯНАЛТ ХИЙДЭГ ВЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/03/01     ОУВС-ГААС ТӨРИЙН АЛБАН ХААГЧДЫН ЦАЛИН ХӨЛС, ТЭТГЭВРИЙН СИСТЕМД ШИНЖИЛГЭЭ ХИЙЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/27     Н.ТАВИНБЭХИЙГ БАТЛАН ДААЛТАД ГАРГАЖ, ХИЛИЙН ХОРИГ ТАВЬЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/02/27     ҮНЭТ ЦААСНЫ АРИЛЖААГААР ХИЙСЭН ГҮЙЛГЭЭ 61.5 ТЭРБУМ ТӨГРӨГӨӨР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/27     ХХБ BPIFRANCE‑ТАЙ МОНГОЛ УЛСЫН АГААРЫН НАВИГАЦИЙН ҮЙЛЧИЛГЭЭГ ШИНЭЧЛЭН САЙЖРУУЛАХ САНХҮҮЖИЛТИЙН ГЭРЭЭ БАЙГУУЛЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/02/27    

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Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

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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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Mongolian Startup E-Geree.mn Ranks Among Top Three in ‘Makers in China’ Competition www.montsame.mn

The “Makers in China” competition was held in Hangzhou, the People’s Republic of China, featuring top startups from Mongolia, the Republic of Kazakhstan, the Republic of Uzbekistan, the Republic of Turkmenistan, the Republic of Tajikistan, and the Russian Federation.
The team behind Mongolia’s digital document system, E-Geree.mn, was selected as one of the “Top 3 Projects” and received a trophy. This achievement grants them the right to compete in the final stage scheduled in China in December 2025. Success in the next round could allow the team to officially introduce their product to the Chinese market.
Notably, the E-Geree.mn system was previously recognized as the “Best Innovation Project” in 2025 under the framework of the Mongolian Government’s 2023 Resolution No. 224 on funding innovative projects from the state budget. This accomplishment reflects the regional recognition of Mongolian startups for their innovation and technological solutions and marks another important step in the development of the national startup ecosystem.

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Petro Matad reports first oil revenues in its history www.thearmchairtrader.com

Petro Matad [LON:MATD], the London AIM-listed oil and gas explorer focused on Mongolia, has reported its first oil revenues in company history, marking a milestone in its long-delayed development of the Heron field, while simultaneously advancing a significant expansion into renewable energy.
For the six months to June 30, 2025, the group reported a narrowed loss of $1.7m, down from $2.56m a year earlier. Revenues were booked for the first time after crude production began at the Heron-1 well in Block XX in October 2024. Output averaged 165 barrels a day in the period, with a modest 3 per cent water cut.
Cash resources stood at $2.37m at the half-year, comprising $1.7m in cash and $0.67m in financial assets, up from $1.93m the year before. The company also strengthened its balance sheet through a £3m equity raise in July, issuing more than 370m shares at 0.8p each.
Proceeds will be used to reduce production costs at Heron-1 by connecting the well to the national electricity grid, fund well testing across Block XX, advance exploration at Block VII, and accelerate renewable energy projects.
Petro Matad potential tax liabilities
Petro Matad received $0.81m in net revenue for sales up to April 2025, at an average realised oil price of $62.9 per barrel. However, 30 per cent of sales proceeds were withheld by PetroChina, operator of neighbouring Block XIX and the company’s offtake partner, pending clarity on potential tax liabilities.
After pressure from Petro Matad and assurances from Mongolia’s tax authorities, PetroChina has indicated it will resume full payments once the sales agreement is amended. Subsequent payments for May, June and July production — totalling $0.33m — were received in the third quarter.
Chief executive Mike Buck said: “The start-up of production in Block XX in 2024 took far too long but we are delighted to have finally achieved it and now to be receiving oil sales revenue for the first time in the company’s history. We are hopeful that PetroChina’s withholding of 30 per cent of our sales revenue will soon be resolved.”
Diversification of energy portfolio
In parallel with first production, Petro Matad has sought to expand its asset base and diversify its energy portfolio. The company has revived farm-in discussions for Block XX and is now in detailed technical and commercial negotiations with a potential partner. In January it signed a production-sharing contract for Block VII in southern Mongolia, an acreage adjacent to producing fields across the Chinese border, with low initial financial commitments to limit upfront risk. A farmout process is under way to bring in a technically capable partner.
The company’s renewable energy arm, Sunsteppe, has signed an exclusive agreement to develop a 200MW hybrid wind and solar project connected to Mongolia’s national grid. Preparatory work has also begun on a much larger 1.5GW firm, plus 1.5GW contingent, renewables project in cooperation with Chinese utility SPIC. Petro Matad said some of the July fundraising proceeds will be directed towards bringing Sunsteppe’s projects to ready-to-build status.
Re-test of Heron-2 is underway
Field operations in the second half of 2025 will focus on well tests designed to boost Block XX production. A re-test of Heron-2 is under way, with testing of the Gazelle-1 and Gobi Bear-1 prospects to follow. The company is also finalising a grid connection for Heron-1 that is expected to cut operating costs by 15 per cent, replacing costly diesel with cheaper electricity.
Buck emphasised the importance of developing both sides of the business: “In the field we are working hard to complete our 2025 well test programme and at the same time, our renewables joint venture is growing into a potentially very valuable part of our business.”
He added that the company’s production crew was composed entirely of Mongolian nationals, most recruited from local communities, underscoring Petro Matad’s aim to embed itself within the country’s energy sector as it straddles fossil fuels and renewables.
By  Graeme Coles-Andrew

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Mongolia's forex reserves rise to 5.68 bln USD www.xinhuanet.com

Mongolia's foreign exchange reserves rose to 5.68 billion U.S. dollars as of the end of August, according to the country's central bank on Monday.
The figure increased by 5.64 percent compared to the previous month and by 3.15 percent since the beginning of this year, the Bank of Mongolia said in a statement.
Mongolia's central bank aims to increase the country's foreign exchange reserves to 6.5 billion U.S. dollars in the medium term.
The landlocked Asian country's forex reserves stood at 5.5 billion U.S. dollars at the end of 2024, according to the central bank.

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2025 Mongolia Investment Climate Statement Released www.mn.usembassy.gov

Ulaanbaatar, September 26, 2025 – Today, the U.S. Department of State released the 2025 Mongolia Investment Climate Statement. The 2025 Statement presents a balanced assessment of the potentials and challenges that U.S. investors may face as they explore the Mongolia business environment.
The 2025 Mongolia Investment Climate Statement is also a resource for Mongolian government partners as they work to create fair business environments for both U.S. investors and Mongolian domestic investors.
As stated in the 2025 Mongolia Statement, “Mongolia’s frontier market and natural resources offer potentially lucrative opportunities for investors, but caution is warranted due to the country’s vulnerability to external economic and financial shocks, ineffective dispute resolution, and lack of input from stakeholders during rulemaking, and increased risk of expropriation.”
The United States recognizes and commends Mongolia for publicly acknowledging the importance of a predictable and transparent statutory and regulatory framework for the private sector. The United States encourages Mongolia to implement laws and regulations that would deliver on these public commitments to create a nurturing environment for the private sector, which is the beating heart of a vibrant, diversified economy.
During a meeting with the American Chamber of Commerce in Mongolia, U.S. Ambassador to Mongolia Richard L. Buangan emphasized “Mongolia’s economic growth needs to be private sector led. To achieve that growth, there needs to be a legal, regulatory and investment framework which attracts serious, responsible domestic and foreign private sector investment.”
View the 2025 Mongolia Investment Climate Statement.

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Mongolian President likely to visit India next month www.wionews.com

Mongolian president Ukhnaagiin Khürelsükh is likely to visit India next month as part of the ongoing engagement between the 2 countries. Mongolia, landlocked between Russia and China, sees India as its 3rd and spiritual neighbour with deep linkages through Buddhism. The 4 Ds—Dharma, Democracy, Development Partnership & Digital Development Cooperation—have become pillars of the India-Mongolia relationship.
The visit comes as India and Mongolia mark 70 years of the establishment of diplomatic ties. India was one of the first countries outside the communist bloc to recognise Mongolia. India also played an important role in the entry of Mongolia into the United Nations. The 70th anniversary celebrations involve a number of initiatives and programmes.
The last Mongolian president to visit India was Khaltmaagiin Battulga in July 2019, but visits from Mongolia have continued, the last being earlier this year by top officials of the foreign and defence ministry. PM Modi had visited the country in 2025, a visit seen as a watershed in the ties between the 2 countries. Indian Defence Minister Rajnath Singh had visited the country in 2022, seen as key to firming up defence ties. During the visit, the Indian Defence Minister announced the gifting of 2 ALS Indian-made ambulances and 200 special winter clothing items, which were delivered by the Indian Defence Ministry in July 2023 to the Mongolian Armed Forces.
India is supporting the building up of Mongolia's first oil refinery in Dornogovi with a $1.7 billion soft loan, technical expertise, and construction by Indian firms. The project, set for 2026 completion, strengthens energy security and bilateral strategic ties. As part of the security cooperation, both sides hold the annual bilateral exercise "Nomadic Elephant," and India participated in the multinational "Khaan Quest" peacekeeping drill. India also provides developmental aid, including soft loans, IT collaboration, and capacity building.
Buddhist linkages remain one of the most important pillars of ties between the 2 sides. In 2022, India sent sacred Kapilvastu relics of Lord Buddha to Mongolia for an 11-day exposition at Gandan Monastery. Venerable Kushok Bakula Rinpoche served as India's ambassador to Mongolia.
BY
Navashree Nandini
Navashree Nandini works as a senior sub-editor and has over five years of experience. She writes about global conflicts ranging from India and its neighbourhood to West Asia to the US. She also covers US and Indian politics. Breaking complex news headlines into understandable explainers is her thing. When not in the newsroom, she is immersed in books about Indian politics. You can reach her at navashree.nandini@wionews.com

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Deputy Secretary Landau’s Meeting with Mongolian Foreign Minister Battsetseg www.mn.usembassy.gov

Deputy Secretary of State Christopher Landau met with Mongolian Foreign Minister Batmunkh Battsetseg on the margins of the United Nations General Assembly in New York yesterday. The two leaders reaffirmed their countries’ mutual interests and shared democratic values that underpin the U.S.-Mongolia Strategic Third Neighbor Partnership. They also discussed opportunities to expand economic ties between the United States and Mongolia.

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EBRD forecasts Mongolia's economy to grow by 5.8 pct in 2025 www.xinhuanet.com

Mongolia's economic activity remained robust in the first half of 2025, despite weaker mining-sector activity and a deteriorating macroeconomic environment, local media reported on Sunday, citing the European Bank for Reconstruction and Development (EBRD).
In its Outlook for Central Asian economies in 2025 and 2026, the EBRD forecasts growth of 5.8 percent for Mongolia's economy in 2025 and 5.5 percent in 2026, the Eagle News TV channel reported.
Mongolia's real gross domestic product (GDP) expanded by 5.6 percent in the first half of 2025, driven primarily by a strong rebound in the agriculture sector and continued expansion of the services sector, according to the EBRD.
Currently, Mongolia's economy depends heavily on the mining sector and on the export of mineral resources. Mining commodities, such as copper, iron ore and unprocessed or semi-processed gold, constituted 93 percent of Mongolia's total exports during the first eight months of 2025.

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D.Amarbayasgalan elected chairman of the MPP www.gogo.mn

The VIII session of the Mongolian People’s Party (MPP) Conference concluded at 8 AM on September 28. 
At the start of the session, the Counting Commission approved the voting procedure, stipulating that if no candidate secured two-thirds of the votes, the top contender would advance to a second round.
In the first round, candidate D.Amarbayasgalan received 58% of the votes, while G.Zandanshatar secured 14.3%. However, ahead of the second round, G.Zandanshatar boycotted the session and instructed his supporters not to participate.
During the re-registration, 321 members cast their votes, and D.Amarbayasgalan was elected chairman with 85.67% support. The meeting was chaired by MP J.Bat-Erdene, head of the MPP parliamentary group, with G.Gangamurun, a member of the conference, serving as deputy chair.
The MPP’s General convention is scheduled to be held on November 15.

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The Economist Spotlights Mongolia’s World Horse Day Initiative www.montsame.mn

The Economist magazine highlighted the remarks made by the President of Mongolia during the General Debate of the 80th Session of the United Nations General Assembly (UNGA)  in its weekly review, in connection with Mongolia’s initiative to establish World Horse Day and to promote equine heritage and culture.
At Mongolia’s initiative, beginning in 2025, July 11 has been designated and observed annually as World Horse Day.
In his address to the General Debate of the 80th Session of the UNGA on September 23, 2025, President of Mongolia Khurelsukh Ukhnaa spoke about the inseparable bond between the Mongolian people and their horses, and the crucial role horses have played throughout human history.
President Khurelsukh emphasized, “From the moment of birth, Mongolians grow up on horseback, and together with our trusted steeds, we have earned global renown and helped inscribe a remarkable chapter in the history of humankind. For this reason, the Mongolian people have placed the horse at the heart of our State Emblem, woven our State Flag from the mane and tail of our swiftest steeds, and created the haunting melodies of the morin khuur to stir the hearts of the world. We are a nation blessed with this unique heritage.
Throughout history, horses have made immense contributions to human livelihood, culture, civilization, and progress. To safeguard this heritage, to raise awareness of its significance, and to promote its continued appreciation worldwide, Mongolia initiated a resolution to designate July 11 of each year as World Horse Day. This resolution was adopted at the plenary meeting of the 79th Session of the UN General Assembly on June 3, 2024.”
Expressing gratitude on behalf of the horse-loving Mongolian people, President Khurelsukh stated from the UN rostrum that Mongolia deeply appreciates the support of all UN Member States for this resolution, which aligns World Horse Day with the date of Mongolia’s National Naadam Festival, inscribed on UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity.
In connection with this initiative, The Economist, a globally respected publication, noted in its weekly review, “Amid all the high-minded speechifying at the UN assembly, Mongolia’s president used part of his address to praise the historical contribution of the world’s 60m horses. Khurelsukh Ukhnaa lauded our trusty steeds for being “integral to human livelihoods, culture and civilisations”, as he promoted his initiative for a UN World Horse Day. There are more horses than people in Mongolia, which is renowned for its equine culture.”
According to the National Statistics Office of Mongolia, as of 2024, the country’s human population stood at 3.5 million, while its horse population reached 4.6 million, confirming The Economist’s observation that “horses outnumber people in Mongolia.”
The draft resolution proclaiming World Horse Day was introduced by Mongolia and adopted at the plenary meeting of the 79th Session of the UNGA on June 3, 2024, with 56 co-sponsoring Member States, including: the Republic of Austria, the Kingdom of Bahrain, the Federative Republic of Brazil, the Republic of Korea, the People’s Republic of China, the Bolivarian Republic of Venezuela, the State of Qatar, the Kingdom of Lesotho, the Kingdom of Morocco, the Russian Federation, the Portuguese Republic, the Federal Republic of Germany, the Kingdom of Thailand, the Republic of Türkiye, Japan, the Kyrgyz Republic, the Republic of Kazakhstan, Turkmenistan, the Republic of Uzbekistan, and the Republic of Tajikistan.

 

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Foreign visitors to Mongolia reach 678,850 in first 9 months www.xinhuanet.com

Mongolia recorded a total of 678,850 inbound tourist visits by foreign passport holders in the first nine months of 2025, according to official data released by the Mongolian Tourism Organization on Saturday.
During the period, China has become one of the biggest sources of foreign tourists to Mongolia, followed by Russia and South Korea.
Currently, Mongolia's economy continues to rely most heavily on the export of mineral resources. Tourism promotion is considered one of the priorities for diversifying the country's economy and increasing the competitiveness of its tourism in the context of global competition.
According to the Ministry of Culture, Sport, Tourism and Youth, the Mongolian government has decided to continue the "Years to Visit Mongolia" tourism program until 2028 to promote the development of four-season tourism in the country.
The landlocked Asian country attracted a total of 727,400 foreign tourists in 2024, earning 1.6 billion U.S. dollars from the tourism sector.

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