1 EARTHMOVING WORK FOR THERMAL POWER PLANT-V TO BEGIN ON FEBRUARY 15 WWW.GOGO.MN PUBLISHED:2026/02/04      2 KH.NYAMBAATAR: SERGELEN SUBSTATION TO ENTER SERVICE THIS YEAR WWW.GOGO.MN PUBLISHED:2026/02/04      3 G.DAMDINNYAM: MONGOLIA-MADE STEEL COULD REACH EUROPE IN 10 DAYS WWW.GOGO.MN PUBLISHED:2026/02/04      4 MAJILIS RATIFIES EAEU-MONGOLIA INTERIM TRADE AGREEMENT WWW.QAZINFORM.COM PUBLISHED:2026/02/04      5 ALL-PARTY PARLIAMENTARY GROUP (APPG) ON MONGOLIA ESTABLISHED IN THE UK PARLIAMENT WWW.EMBASSYOFMONGOLIA.CO.UK PUBLISHED:2026/02/04      6 MONGOLIA RANKS AMONG ASIA’S SAFEST COUNTRIES WWW.INSIDEMONGOLIA.MN PUBLISHED:2026/02/04      7 MONGOLIA’S TRUMP ‘BOARD OF PEACE’ MEMBERSHIP REVIVES ITS ‘THIRD NEIGHBOUR’ PLAYBOOK WWW.INTELLINEWS.COM PUBLISHED:2026/02/04      8 ABOUT 50,000 CHILDREN HAVE DOMESTIC ACCIDENTS EVERY YEAR WWW.GOGO.MN PUBLISHED:2026/02/03      9 FROM MONGOLIA TO TEAM USA, OPENING CEREMONY FASHION TAKES CENTRE STAGE AT MILANO CORTINA 2026 WWW.OLYMPICS.COM PUBLISHED:2026/02/03      10 MONGOLIA’S HUNNU AIR EYES NETWORK GAINS FOLLOWING E2-BASED FLEET MODERNISATION WWW.FLIGHTGLOBAL.COM PUBLISHED:2026/02/03      МОНГОЛ-ХЯТАДЫН БАНК, САНХҮҮГИЙН САЛБАРЫН ДУГУЙ ШИРЭЭНИЙ УУЛЗАЛТ БОЛЛОО WWW.ITOIM.MN НИЙТЭЛСЭН:2026/02/04     НИЙСЛЭЛИЙН АВТО ЗАМЫН 19 УУЛЗВАРААС ЦАГДААГИЙН БИЕТ ЗОХИЦУУЛАЛТЫГ ХАСЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/04     БРИТАНИЙН ПАРЛАМЕНТАД БҮХ НАМЫН МОНГОЛЫН БҮЛЭГ БАЙГУУЛАГДАВ WWW.EMBASSYOFMONGOLIA.CO.UK НИЙТЭЛСЭН:2026/02/04     “СЭРГЭЛЭН” ДЭД СТАНЦЫН ГҮЙЦЭТГЭЛ 92 ХУВЬТАЙ ҮРГЭЛЖИЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/04     ДУЛААНЫ 5-Р ЦАХИЛГААН СТАНЦЫН ГАЗАР ШОРООНЫ АЖЛЫГ ЭНЭ САРЫН 15-НД ЭХЛҮҮЛНЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/02/03     IQ-ИЙН ДУНДАЖ ҮЗҮҮЛЭЛТЭЭР МОНГОЛЧУУД НАЙМДУГААРТ ЭРЭМБЭЛЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/03     МОНГОЛБАНК 1.9 ТОНН ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВЧЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2026/02/03     НИЙСЛЭЛД ХИЙ ЦЭНЭГЛЭХ 33 ЦЭГ БАЙГУУЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2026/02/03     УГААРЫН ХИЙД 169 ИРГЭН ХОРДОЖ, ЭМНЭЛГИЙН ТУСЛАМЖ АВЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2026/02/03     НЭГДҮГЭЭР САРД 2 САЯ ТОНН НҮҮРС ЭКСПОРТОЛЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/03    

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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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Average new house prices in Mongolia's capital up 10.8 pct in December 2025 www.xinhuanet.com

Average price per square meter of newly constructed apartments in Mongolia's capital amounted to 5.03 mln Mongolian Tugriks (1,412 USD) at end of December, up 10.8 pct year on year

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Factory blast in China's Inner Mongolia kills 2, missing rises to 8, 84 injured www.xinhuanet.com

An explosion at a factory in north China's Inner Mongolia Autonomous Region has killed two people, left eight missing and injured 84, local authorities said Monday.
The explosion occurred at 3:03 p.m. on Sunday at a plate plant of Baogang United Steel in western Baotou City. It was caused by the blast of a 650-cubic-meter saturated water and steam spherical tank, Lin Li, executive vice mayor of Baotou, told a press briefing on Monday.
A total of 84 injured people are being treated in hospitals, with five in serious condition and the remaining 79 sustaining minor injuries, such as facial wounds and soft tissue contusions, according to Lin.
All the injured are in stable condition, and medical treatment is underway by leading medical experts of the autonomous region.
A rescue operation is in full swing, with an emergency rescue headquarters established after the accident to coordinate emergency, fire control, public security, health and market supervision departments.
The government has suspended production of the accident-hit plant and initiated city-wide safety overhaul of industrial and trade enterprises.
Investigations into the blast's environmental impact are ongoing. Monitoring by environmental protection departments has so far detected no adverse effects on the surrounding air or soil quality, and no wastewater has been generated from the incident. Utility services and residential heating in the area remain unaffected.
An investigation team established by the autonomous region is examining the cause of the accident and relevant liabilities. Legal actions have been taken against individuals responsible for the enterprise involved.

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President Issues Decree on Developing Traditional Mongolian Medicine www.montsame.mn

The signing ceremony of the Presidential Decree of Mongolia on Developing Traditional Mongolian Medicine was held today at the State Palace. On the occasion, President Khurelsukh Ukhnaa delivered a speech. We present the speech in full.
“Esteemed citizens,
Distinguished doctors and scholars,
Honorable guests,
I extend to you my warm greetings on this auspicious day in the heart of winter.
Traditional Mongolian medicine is an inseparable part of our history, cultural heritage, customs, and spiritual identity. It is not merely a system for diagnosing and treating illnesses or a way of maintaining a healthy lifestyle, but a precious legacy rooted in the Mongolian worldview, way of life, and spiritual traditions.
Traditional Mongolian medicine has a history spanning more than 5,000 years. In 1681, Luvsandanzanjantsan – the Lama Gegeen of the Golden Lineage of Chinggis Khaan and a renowned physician – established the first formal school for training medical practitioners and maaramba (doctors), and authored instructional and clinical manuals that were put into use. Over the past 300 years, generations of physicians have preserved, developed, and disseminated the theory and knowledge of traditional medicine. Today, doctors and specialists in this field continue to make tangible contributions to safeguarding the health of our people.
In 2025, the rare and valuable manuscript ‘A Complete Record of the Body by Imperial Order’, long used as a textbook and reference work in traditional medicine, was inscribed on the UNESCO Memory of the World Register, marking an important step in promoting Traditional Mongolian Medicine internationally.
I am also pleased to note that hundreds of Mongolian traditional medicine doctors and specialists are providing high-quality diagnostic and treatment services in many countries, particularly in the Republic of Poland, thereby sharing the achievements of traditional medicine with the world.
On behalf of the Mongolian people, I extend my deepest gratitude to the scholars, physicians, and medical professionals who are dedicated to preserving, protecting, and promoting the knowledge of Traditional Mongolian Medicine and to safeguarding public health.
Esteemed citizens,
Doctors and scholars,
Honoring the legacy, achievements, and wisdom of Great Chinggis Khaan, and preserving, developing, and passing on the history, culture, heritage, and traditions of our ancestors to future generations, is a sacred duty of those who safeguard the hearth of the Great Mongol Empire.
To this end, as President, I have issued decrees to honor the portrait of Great Chinggis Khaan, restore the ancient capital city of Kharakhorum, revere and promote the morin khuur, a symbol of national pride, and compile a new 30-volume comprehensive history of Mongolia. These decrees are currently being implemented. We have also established the Great Khaan’s Museum and ceremonially enshrined the Golden Statue of Chinggis Khaan, the Great White Banner, and the State Khasbuu Seal. These decrees are currently being implemented.
To glorify the Mongolian horse, Mongolia’s national pride, the Head of State proposed the establishment of World Horse Day, which was approved by the United Nations General Assembly. As a result, countries around the world now celebrate World Horse Day annually on the day of Mongolia’s National Naadam Festival.
This year marks the 345th anniversary of the establishment of the first formal school of traditional Mongolian medicine and the development of the traditional medicine service system in Mongolia. In commemoration of this historic milestone, I have today issued the Decree on Developing Traditional Mongolian Medicine.
Through this decree, the Government of Mongolia is tasked with improving the legal framework of the sector, supporting development based on advanced technologies and artificial intelligence, implementing an integrated human resources policy, and ensuring the quality and safety of traditional medicine production.
Preparing a skilled and capable next generation is of vital importance. Attention must be given to reviving and developing the traditional mentor–apprentice system grounded in talent, ethics, and compassion. I emphasize that the dedication, cooperation, unified organization, and coherent policies of scholars, physicians, and professionals in the field are essential to advancing Traditional Mongolian Medicine.
As Head of State, I will consistently support efforts to study, deepen, develop, and disseminate the theory, knowledge, and cultural heritage of Traditional Mongolian Medicine.
I sincerely hope that Traditional Mongolian Medicine will continue to flourish through the ages and spread throughout the world.
May Mongolia prosper eternally under the power of the Eternal Blue Sky.”

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In 2025, Mongolia exported 83.9 million tons of coal www.open.kg

The statement from the General Department of Customs and Taxation notes that this result exceeds the figures for the same period last year by 5.6 percent.
The economy of Mongolia is significantly dependent on the mining sector and the export of mineral resources. From January to December 2025, mining products, including coal, copper, and iron ore, accounted for 99.2 percent of the country's total exports.
The majority of coal mining in Mongolia is carried out at the Tavan Tolgoi deposit — one of the largest undeveloped deposits of coking and thermal coal in the world, located in the southern aimag of Ömnögovi. The estimated reserves of this deposit are 6.5 billion tons, of which a quarter consists of high-quality coking coal.

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Ayan Hotels and Resorts Announces the Opening of Ayan Zalaat Hotel & Spa in Ulaanbaatar, Mongolia www.hospitalitynet.org

In a protected valley at the edge of Mongolia's capital, where monks once sought enlightenment beneath the sacred Bogd Khan Mountain, Ayan Hotels & Resorts unveils Ayan Zalaat Hotel & Spa as the brand's flagship luxury destination near Mongolia's capital city.
Set on a private estate near the Bogd Khan Uul UNESCO Biosphere Reserve—one of the world's oldest protected natural areas, safeguarded since 1778—Ayan Zalaat is a destination in itself. The 32-room retreat brings together refined contemporary design, ten distinctive dining and social venues, expansive wellness and cultural spaces, and immersive experiences typically found in resorts several times its size, all delivered through highly personalized service within a secluded natural setting. Ayan Hotels & Resorts is owned by Mongolyn Alt (MAK) LLC, one of Mongolia's most diversified privately owned conglomerates.
Zalaat Valley has been revered since the 12th century as a place of spiritual study and retreat, drawing monks to its quiet hills for meditation and reflection. Today, Ayan Zalaat honors this legacy as a guiding principle, creating a sanctuary where renewal, stillness, and cultural integrity remain central to the guest experience.
Conceived by the internationally renowned Mabetex Group, with interior design led by Italian architect Fabio Friso, Ayan Zalaat reflects a global design collaboration that brings European craftsmanship into dialogue with Mongolia's cultural and natural landscape. Custom-designed furniture, bespoke millwork, and Italian marble elements were created exclusively for the property, drawing on a network of artisans and specialists from across Europe and beyond.
Ayan Hotels & Resorts is a Mongolian luxury hospitality group dedicated to building culturally grounded destinations that meet international standards of design, service, and experiential depth. Named after a Sanskrit phrase meaning "gift from God," Ayan Zalaat embodies the brand's vision to express a strong Mongolian identity through excellence in every detail. Central to this philosophy is an exceptional investment in people, with a full-time team of 130-140 professionals, underscoring a long-term commitment to service mastery, training, and cultural stewardship.
Hotel Design & Accommodations
Each of the 32 guest rooms and suites is designed as a serene private retreat where European craftsmanship meets Mongolia's sense of space and quiet. Floor-to-ceiling windows ace face Bogd Khan Mountain and invite natural light and connect interiors to the surrounding landscape, while bespoke furniture, premium textiles, and carefully layered lighting create a sense of warmth and restraint.
Italian marble bathrooms feature deep soaking tubs and separate showers, complemented by soundproofed walls, blackout curtains, and precision climate control for year-round comfort. The design is a unique blend of Mongolian culture with contemporary design with thoughtful touches to showcase the brand's identity and deep connection to the Mongolian spirit such as Mongolian premium wool carpets and views that invite the surroundings in. From Deluxe Rooms to the two-bedroom Amala Presidential Suite, each accommodation balances contemporary luxury with the tranquility of Mongolia's vast, unhurried environment.
Cultural Offerings
At the soul of Ayan Zalaat are two spaces that transcend traditional hospitality offerings. The Ayan Theatre, richly adorned with traditional motifs and vibrant patterns, serves as a living stage for Mongolia's most treasured art forms, from khöömei throat singing to UNESCO-recognized Biyelgee folk dance—presented as cultural transmission rather than performance alone.
Adjacent to the theatre, the Soma Temple functions as a traditional Mongolian spiritual sanctuary for meditation, ritual, and learning. Guests may engage with a resident Buddhist monk for teachings and mindfulness practices, offering rare access to the spiritual philosophies that have shaped Mongolian life for centuries.
Culinary Experiences
Rooted in the Mongolian tradition that a guest is sacred, Ayan Zalaat's culinary program extends generous hospitality through ten restaurants and lounges, each aligned with the hotel's architectural and cultural vision. Signature venues include Roma Ristorante, serving elevated Italian and Mediterranean cuisine; 8 Ounce Steakhouse & Grill, showcasing premium local and imported cuts; Lost in China, presenting refined regional Chinese fare; and The Nipponian Room, offering modern Japanese dining with sushi and teppanyaki experiences.
Additional venues include a cigar lounge reminiscent of James Bond sophistication, a sommelier-led wine cellar, a guest-exclusive rooftop terrace, an artisanal pâtisserie and coffee lounge, and the hotel's signature Ayan Lounge and Lobby Lounge, together forming a dynamic collection of dining and social spaces.
Spa and Wellness
Ayan Spa combines Mongolian cultural wisdom with Swiss medical wellness expertise. Developed in partnership with Clinique Nescens of Genolier, Switzerland, the spa offers advanced longevity and preventive care within architecturally refined spaces inspired by traditional Mongolian forms and Buddhist symbolism.
An immersive thermal journey—including an illuminated sauna, chromotherapy shower, crystalline salt room, and indoor aquatic area—anchors the experience, complemented by signature treatments, Nescens longevity protocols, fitness and mindfulness programs, and personalized nutritional support. The spa serves as the wellness heart of Ayan Zalaat, where scientific rigor and cultural integrity meet in both space and service.
Meetings and Events
Ayan Zalaat is well suited for group clientele, offering more than 550 m² (5,920 ft²) of flexible function space across five venues for meetings, social events, weddings, and private gatherings. The multifunctional Ayan Ballroom accommodates up to 120 guests in an atmosphere that is both bright and elegant, while the boardroom-style Ananda and the Ayan Cinema provide distinctive settings for presentations and executive meetings. What sets gatherings at Ayan Zalaat apart is the ability to pair professional events with curated cultural programming, integrated wellness experiences, and private entertainment options. Audiovisual equipment, including sound systems, microphones, and presentation screens, is available complimentary, and the hotel's entertainment areas may be reserved for group functions.
Additional Experiences and Activities
On-site leisure offerings include a private cinema, bowling alley, karaoke room, games lounges, and scenic walking paths throughout the estate. Beyond the hotel, Ayan Zalaat curates fully bespoke journeys across Mongolia, working with intimate camps, off-road expeditions, and small-plane partners to access remote regions, whether for multi-day explorations or short immersive excursions.
Looking Ahead
Phase two of development will expand Ayan Zalaat with 21 residential villas and a 16-story Sports Center featuring 63 hotel rooms, serviced apartments, a Kids Play Center, and office space for local and international clientele. Recreational facilities—including tennis, basketball, and curling—will be adaptable for events, including a ballroom accommodating up to 400 guests. Plans also include introducing a helicopter service and luxury "glamping" experiences, extending the property's reach into Mongolia's natural landscapes.
Ayan Zalaat is more than a hotel; it is an expression of Ayan Hotels & Resorts' long-term vision for Mongolia as a globally sought-after destination. Rooted in a sacred landscape and shaped by a deep investment in people, the property reflects a belief that true luxury is built slowly—through place, culture, and human connection—setting a new benchmark for luxury hospitality in Mongolia.
Ayan Zalaat Hotel & Spa is now open and accepting reservations. Nightly rates from USD 850.

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PM: Only an Orderly State Can Deliver Economic Growth to Citizens www.montsame.mn

 A joint meeting of government members, chairpersons of aimags, Citizens' Representatives Khural of the Capital City, and governors was held at the State Palace to present the government’s 2026 policies and objectives, aiming to ensure a unified direction and common understanding with local authorities.
Local leaders are those who translate government policy into practice and deliver it to citizens. Therefore, Prime Minister Zandanshatar Gombojav gave a detailed presentation on the government’s policies and reforms in his report titled “One Mongolia - One Direction: Order and Reform Movement.” The prime minister said that when the government was formed six months ago, it faced numerous urgent national challenges: state capacity had weakened, public trust in government had declined, economic growth had fallen by half to 2.6 percent, foreign exchange reserves had dropped sharply, the US dollar exchange rate had risen steeply, inflation had exceeded 15 percent, and there was a real risk of a budget revenue shortfall of MNT 3.3 trillion. Theft and fraud had emerged in companies owned by the people. He said this was a time when order in the state and a reform movement were urgently needed, as he noted ahead of his “One Mongolia - One Direction: Order and Reform Movement” report.
An emergency regime was imposed at “Erdenes Tavan Tolgoi” JSC for three months starting in July, increasing coal production and sales by 1.6 times. As a result, the country’s foreign exchange reserves increased by USD 2 billion in just three to four months, helping revive the economy. Once fiscal discipline, order, and foreign trade policy began moving in the right direction, tangible results started to appear. The revived economy now needs to be steered correctly going forward. To this end, the government has put forward policy goals to build new public confidence and implement radical governance reform. The State Great Khural has approved the five-year basic development directions for 2026–2030.
The eight main directions to comprehensively reform the country are:
Human development reform
Economic structure reform
Values and social development reform
Environment and green development reform
Governance and digital development reform
National competitiveness reform
Regional development reform
Science, technology, and artificial intelligence reform.
The government has also approved and begun implementing, from the start of the year, the “300-Day Action Plan” aimed at delivering economic growth to citizens. During these 300 days, local authorities must work proactively to ensure that economic growth reaches citizens, practically launch the accumulation and expenditure of the National Wealth Fund, and turn fair distribution of wealth into concrete action. Only if the state itself becomes orderly and disciplined, he said, can this opportunity turn into real development.
In his report, the PM also detailed the 2025 performance, 2026 targets, and five-year policy objectives, and said, “For the economy to grow, it is not enough for business alone to be free. The state itself must be orderly, frugal, responsible, and under oversight. Therefore, the next major package of the plan is reform to put the state in order from within.” Within this framework, more than 1,000 regulations and rules that are unlawful and that create bureaucracy and delays will be abolished, he said.
The Prime Minister advised aimag and local leaders to work closer to real life and to citizens and stressed that they must play a major role in implementing government policy. He also expressed his position on several issues repeatedly raised by local leaders.
He instructed sector ministers to amend laws that have created excessive centralization of authority, to grant local governments the right to manage budget savings, and to devolve powers by transferring to local levels agencies whose issues do not need to be decided in Ulaanbaatar. The practice of the Ministry of Finance withholding excess tax revenues and affecting the fiscal autonomy of local budgets must be stopped. He said work will continue to establish a legal framework that guarantees local financial authority.
He said the issue of merging the Soum Development Fund into the Cooperative Development Fund, which blocked opportunities for small and medium-sized enterprises to receive concessional loans, will be studied and relevant regulations amended. Although amendments to the Law on Land were mandated after the government was formed to resolve the allocation of ownership and possession of land for soum and residents, as well as herders’ winter and spring camps, the issue remains unresolved to date. He therefore warned that this matter must be resolved urgently.
After his report, the Prime Minister said, “2026 will be a year of new confidence, radical reform, and real change. More responsibility and more tangible results are demanded of us. The government will work to increase and grow national wealth and to prove the goal of ‘Mongolians, masters of their wealth’ not with words but with deeds, not with promises but with results.”
The meeting provides unified guidance for ministries, aimags, and Citizens' Representatives Khural of the Capital City and Governors on implementing the Government of Mongolia’s 2024–2028 Action Program, the Basic Development Directions of Mongolia for 2026–2030, the Annual Development Plan, and the 2026 Budget Law, and government members will sign performance agreements with aimag and Capital City Governors.

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Japan Grant to Support Power Grid Reliability www.montsame.mn

The Project for the Provision of Equipment to Support the Reliability of the Power Grid will be implemented with a non-refundable grant of JPY 500 million (approximately USD 3.14 million) provided by the Government of Japan.
Under the project, critically needed equipment to ensure the reliability of power grid infrastructure will be supplied to the National Power Transmission Grid SOE and the National Dispatching Center SOE. Specifically, the equipment will include a mobile transformer testing vehicle and a fully digital real-time power system simulator, among other essential equipment. The project will be implemented through the Japan International Cooperation Agency (JICA).
To formalize the project, Deputy Minister of Finance Khulan Bat-Erdene signed the Exchange of Notes with Ambassador of Japan to Mongolia Igawahara Masaru, and the Grant Agreement with Chief Representative of the JICA Mongolia Office Miyagi Kensuke.
Deputy Minister Khulan emphasized that the implementation of the project will contribute to the stabilization of Mongolia’s power supply, strengthening the sustainable operation and maintenance capacity of the power grid infrastructure, and enhancing national energy security.
Ambassador Igawahara stated, “This project will help address equipment-related issues of previously implemented projects. It will also contribute to ensuring the stability of Mongolia’s power grid infrastructure, strengthening maintenance capacity, and ultimately creating a foundation for introducing renewable energy and advancing the energy transition.”
Currently, Mongolia produces about 80 percent of its electricity domestically and imports around 20 percent to meet demand.

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Mongolia to Deepen Cooperation with China in the Field of Responsible Mineral Extraction www.open.kg

Mongolia and China reached an agreement to prepare and sign a Cooperation Agreement in the field of geology. This became possible thanks to a Memorandum of Understanding signed in September 2025 during the "Mining Industry Week" in Mongolia. The main goal of the agreement is to jointly conduct geological and geochemical studies in border areas, as well as to organize expert exchanges and training, which will contribute to the establishment of a geopark in Mongolia, taking into account China's experience.
It is planned that within the framework of joint research, two pilot projects will begin with the Chinese Geological Survey, which are scheduled to launch in 2026 in the western and southeastern parts of Mongolia.
In addition, Wuhan University (China) and the National University of Mongolia agreed to launch a "2+2" educational program to enhance the qualifications of specialists in the geological sector.
The parties are also ready to exchange experiences in areas such as mine closure, land reclamation, and rational use of mineral resources, including the development of a unified methodology and standards.
Furthermore, to combat illegal gold and fluorite mining, which harms the environment and undermines public trust, Minister Guan Zhiou proposed to establish cooperation between the authorities of both countries to identify and punish offenders.
Building on China's successful experience in advanced mineral enrichment and processing technologies, Minister Damdinyam proposed creating a joint laboratory for testing low-grade ores (Au, Cu, Li, W, Zn, Fe, CaF₂, Pb, Sn). He also highlighted exploration and investment in the oil and gas sector as priority areas for cooperation.

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Spring Airlines Plans Direct Shanghai–Ulaanbaatar Flights www.montsame.mn

Shanghai-based Chinese carrier “Spring Airlines”, one of the country’s major airlines, plans to operate direct flights on the Shanghai–Ulaanbaatar–Shanghai route starting in 2026.
In this regard, the airline met with Deputy Minister of the Ministry of Culture, Sports, and Tourism Dashnyam Ganzorig to present its preparations and operations and proposed cooperation. Direct flights between Shanghai and Ulaanbaatar are expected to increase the number of tourists traveling to Mongolia from China and other countries.
Currently, the company operates 50 routes to 12 countries worldwide with a fleet of 134 aircraft. In addition to flights, it also offers tour operator services, making it a distinctive player in tourism.

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Driving financial inclusion in Mongolia: investment in InvesCore www.triodos-im.com

Triodos Investment Management has extended a USD 5 million debt facility to InvesCore NBFI JSC (InvesCore). This investment supports the growth of Mongolia’s largest Non-Bank Financial Institution, a key lender to local micro, small and medium-sized enterprises. It also reinforces InvesCore’s strong commitment to sustainable finance principles and the green transition.
Founded in 2016, InvesCore has experienced rapid growth and now operates, serving over 54,000 clients, of whom 51% are women. The company is a market leader in micro and SME finance, with a portfolio spanning sectors such as services, transportation, trade and construction.
Another financial inclusion investment
InvesCore is at the forefront of digital innovation, employing fully automated credit procedures and AI-driven credit scoring to deliver faster, smarter financial services. Its user-friendly digital platforms, including e-wallets and online lending applications, further streamline client interactions.
Sustainability and responsible finance
InvesCore stands out in the Mongolian financial sector for its commitment to sustainability and responsible finance. The financial institution offers green loan products at preferential rates, supporting investments in environmentally friendly business practices, electric vehicles and energy-saving technologies. These initiatives are complemented by transparent online product information and a dedicated financial literacy database empowering their clients to make informed financial decisions.
Training programmes for SMEs and women entrepreneurs reflect InvesCore’s dedication to inclusive growth. The company integrates ESG principles throughout its operations, from responsible consumption at its headquarters to rigorous ESG risk assessments within its lending process.
International expansion
Beyond domestic growth, InvesCore is laying the groundwork for an international microfinance network, with subsidiaries active across Central Asia: Kazakhstan, Kyrgyzstan and Uzbekistan. The ambition is to replicate its proven financial services model, adapting to local contexts while leveraging cross-border expertise.
Finance by Triodos Investment Management
The USD 5 million senior debt facility is being provided through Triodos Microfinance Fund and Triodos Fair Share Fund.

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