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MONGOLIA - News

A collection of all the business news concerning Mongolia and its investment environment.

Mongolbank sells USD 30 million by forex auction

Posted: June 14, 2012 on: Economical

The Mongolbank announced on June 14, 2012, by forex auction, the BoM sells USD 30 million at closing rate of MNT 1321.53 as received the bids to buy USD.

Local dealer paves the way for roads in Mongolia

Posted: June 14, 2012 on: General

The Powerscreen dealer for Mongolia, Wagner Asia Equipment LLC, held an official launch event in Ulaanbaatar showcasing solutions for the Mongolian Road and Construction Industry in May 2012.

MONGOLIA WINS FIRST MEDAL IN WC FOR AEROBIC GYMNASTICS

Posted: June 14, 2012 on: Sport

The national team for aerobic gymnastics won a bronze medal in the 12th Aerobic Gymnastics World Championships held June 1-3 in Sofia, Bulgaria.

OYU TOLGOI LLC SUPPORTS YOUTHS

Posted: June 14, 2012 on:

As outlined in the investment agreement, a memorandum of understanding has been signed among the Oyu Tolgoi LLC and the Ministry of Education, Culture and Science and training program of OT.

CRIMES INCREASE

Posted: June 14, 2012 on: Economical

At a national level, 9,613 crimes were registered in the first five months of 2012, reflecting an increase of 1,066 crimes or 12.5 per cent against the previous year.

PRESIDENT MET WITH NEWLY APPOINTED AMBASSADORS

Posted: June 14, 2012 on: Political

The State Head Ts.Elbegdorj met on Wednesday with Ambassadors of Mongolia who have been appointed to some countries.

SOME ENTITIES ENROLL "100 THOUSAND APARTMENTS" PROGRAM

Posted: June 14, 2012 on: Economical

Thirty six citizens, enterprisers and organizations will be involved in implementation of the "100 thousand apartments" national program on erecting apartments, small towns and micro-districts in the capital city and aimags' centers.

MONGOLIA IS FREE FROM NUCLEAR WEAPON

Posted: June 14, 2012 on: Political

The Cabinet meeting on Wednesday has discussed the measures taken by Nuclear energy agency in connection with that the wrong and mistaken information as if the nuclear waste is to be stored in Mongolia's territory was disseminated by some mass media means.

ELDERS AND DISABLED CAN EXCHANGE THEIR CASH FOR SHARES

Posted: June 14, 2012 on: Political

Those elders and disabled people who have taken MNT 1 million instead of receiving 1,072 stocks of the "Erdenes Tavantolgoi" LLC have become able to return back the cash, exchanging for the stocks.

"KHATAN TUUL" NAT'L PROGRAM APPROVED

Posted: June 14, 2012 on: Political

The Cabinet meeting on Wednesday approved a working plan on “Khatan Tuul” program to be implemented in two stages of 2012-2016 and 2017-2020 along the Tuul river basin.

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