1 ZANDANSHATAR GOMBOJAV APPOINTED AS PRIME MINISTER OF MONGOLIA WWW.MONTSAME.MN PUBLISHED:2025/06/13      2 WHAT MONGOLIA’S NEW PRIME MINISTER MEANS FOR ITS DEMOCRACY WWW.TIME.COM PUBLISHED:2025/06/13      3 ULAANBAATAR DIALOGUE SHOWS MONGOLIA’S FOREIGN POLICY CONTINUITY AMID POLITICAL UNREST WWW.THEDIPLOMAT.COM PUBLISHED:2025/06/13      4 THE UNITED NATIONS CHILDREN’S FUND (UNICEF) IN MONGOLIA, THE NATIONAL FOUNDATION FOR SUPPORTING THE BILLION TREES MOVEMENT, AND CREDITECH STM NBFI LLC HAVE JOINTLY LAUNCHED THE “ONE CHILD – ONE TREE” INITIATIVE WWW.BILLIONTREE.MN PUBLISHED:2025/06/13      5 NEW MONGOLIAN PM TAKES OFFICE AFTER CORRUPTION PROTESTS WWW.AFP.MN PUBLISHED:2025/06/13      6 GOLD, MINED BY ARTISANAL AND SMALL-SCALE MINERS OF MONGOLIA TO BE SUPPLIED TO INTERNATIONAL JEWELRY COMPANIES WWW.MONTSAME.MN PUBLISHED:2025/06/13      7 AUSTRIA PUBLISHES SYNTHESIZED TEXTS OF TAX TREATIES WITH ICELAND, KAZAKHSTAN AND MONGOLIA AS IMPACTED BY BEPS MLI WWW.ORBITAX.COM  PUBLISHED:2025/06/13      8 THE UNITED STATES AND MONGOLIA OPEN THE CENTER OF EXCELLENCE FOR ENGLISH LANGUAGE TEACHING IN ULAANBAATAR WWW.MN.USEMBASSY.GOV  PUBLISHED:2025/06/12      9 MONGOLIA'S 'DRAGON PRINCE' DINOSAUR WAS FORERUNNER OF T. REX WWW.REUTERS.COM PUBLISHED:2025/06/12      10 MONGOLIA’S PIVOT TO CENTRAL ASIA AND THE CAUCASUS: STRATEGIC REALIGNMENTS AND REGIONAL IMPLICATIONS WWW.CACIANALYST.ORG  PUBLISHED:2025/06/12      БӨӨРӨЛЖҮҮТИЙН ЦАХИЛГААН СТАНЦЫН II БЛОКИЙГ 12 ДУГААР САРД АШИГЛАЛТАД ОРУУЛНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/15     ОРОН СУУЦНЫ ҮНЭ 14.3 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/15     МОНГОЛ УЛСЫН 34 ДЭХ ЕРӨНХИЙ САЙДААР Г.ЗАНДАНШАТАРЫГ ТОМИЛЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     SXCOAL: МОНГОЛЫН НҮҮРСНИЙ ЭКСПОРТ ЗАХ ЗЭЭЛИЙН ХҮНДРЭЛИЙН СҮҮДЭРТ ХУМИГДАЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ БАНК: ТЭТГЭВРИЙН ЗЭЭЛД ТАВИХ ӨР ОРЛОГЫН ХАРЬЦААГ 50:50 БОЛГОЛОО WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     МОНГОЛ ДАХЬ НҮБ-ЫН ХҮҮХДИЙН САН, ТЭРБУМ МОД ҮНДЭСНИЙ ХӨДӨЛГӨӨНИЙГ ДЭМЖИХ САН, КРЕДИТЕХ СТМ ББСБ ХХК “ХҮҮХЭД БҮРД – НЭГ МОД” САНААЧИЛГЫГ ХАМТРАН ХЭРЭГЖҮҮЛНЭ WWW.BILLIONTREE.MN НИЙТЭЛСЭН:2025/06/13     ЕРӨНХИЙЛӨГЧИЙН ТАМГЫН ГАЗРЫН ДАРГААР А.ҮЙЛСТӨГӨЛДӨР АЖИЛЛАНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/13     34 ДЭХ ЕРӨНХИЙ САЙД Г.ЗАНДАНШАТАР ХЭРХЭН АЖИЛЛАНА ГЭЖ АМЛАВ? WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/13     “АНГЛИ ХЭЛНИЙ МЭРГЭШЛИЙН ТӨВ”-ИЙГ МУИС-Д НЭЭЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/13     Г.ЗАНДАНШАТАР БАЯЛГИЙН САНГИЙН БОДЛОГЫГ ҮРГЭЛЖЛҮҮЛНЭ ГЭЖ АМЛАЛАА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/12    

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Events

Events

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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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MIAT has a fleet of five aircraft, including one Boeing 767-300ER www.news.mn

In 2019, it was announced that MIAT Mongolian Airlines and Air Lease Corporation had entered a long-term lease agreement to acquire one Boeing 787. Eventually that order was increased to two aircraft.
At the time, the first plane was scheduled to be delivered in the spring of 2021. However, as you’d expect, between the pandemic and Boeing 787 production issues, that timeline has been pushed back considerably. Delivery of the first aircraft was scheduled for second quarter of 2023. Suffice it to say that this timeline doesn’t appear to be sticking anymore.
While exact details of the cabin interiors aren’t yet known, it’s expected that the plane will have 313 seats, including 16 business class seats, 21 premium economy seats, and 276 economy seats.
Here’s how D.Battur, CEO of MIAT Mongolian Airlines back in 2019, described the order:
“Our vision is to become a globally recognized Mongolian national flag carrier, and we are making a significant step forward by adding the first 787-9 Dreamliner to our fleet. The Mongolian Dreamliner will fly our passengers direct and in unmatched comfort to their dream destinations. Today is a proud day for MIAT and for all Mongolians.”
For context, MIAT Mongolian currently has a fleet of five aircraft, including one Boeing 767-300ER, three Boeing 737-800s, and one Boeing 737 MAX 8. The 767 is currently MIAT Mongolian’s only long haul aircraft between Ulaanbaatar and Frankfurt.
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US Under Secretary Fernandez to visit Oyu Tolgoi mine www.news.mn

Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez is visiting in Ulaanbaatar, Mongolia on 25-29 June, to meet with senior government officials and other stakeholders to deepen U.S.-Mongolia economic ties. The trip’s purpose is to explore collaboration on projects to advance Mongolia’s economic development and resilience, with a focus on energy security, critical minerals, transportation, food security, intellectual property rights, and the digital economy.
In Ulaanbaatar, Under Secretary Fernandez will join the Governments of Mongolia and the Republic of Korea to launch the first-ever trilateral dialogue on critical minerals, which will deepen cooperation between the three countries and help identify ways to work together to promote high environmental, social, and governance standards in mining practices.
This year the United States is celebrating 36 years of diplomatic relations with Mongolia, for which we are proud to be its “third neighbor” and strategic partner. To expand our partnership, the Under Secretary will discuss joint efforts on the economy, critical minerals, energy, and the environment with Minister of Foreign Affairs B.Battsetseg, Minister of Mining and Heavy Industry J.Gaanbaatar, and other government and private sector counterparts.
During the Under Secretary’s visit, he will also meet with members of the American Chamber of Commerce in Mongolia, deliver remarks on international trade at the World Export Development Forum, visit the Oyu Tolgoi mine, and engage in cultural activities with the local community, including a pickup game with the Mongolian women’s national 3×3 basketball team.
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Mongolia expects the Power of Siberia-2 to contribute up to USD 1 billion a year www.news.mn

The Power of Siberia-2 gas pipeline has the potential to transform Northeast Asian energy security dynamics, provided Moscow and Beijing agree to its specific terms. With a predicted annual transport capacity of around 50 billion cubic metres of gas, the pipeline’s construction will increase the natural gas supply to China and Asia.
Economically, Mongolia expects the Power of Siberia-2 to contribute up to USD 1 billion a year in transit fees to the country’s revenue, create employment, facilitate economic diversification and accelerate its energy transition away from coal. All these developments are necessary conditions for Mongolia’s sustainable growth.
Mongolia is a developing economy with an average per capita income of just over USD 4500, an underemployment rate of more than 12 per cent and an overdependence on resource extraction. Such an economic windfall will have substantial implications for Mongolia’s development.
On energy, Mongolia’s ability to import natural gas through the Power of Siberia-2 pipeline will help it transition more rapidly away from coal. Mongolia uses coal for 85 percent of its energy supply and relies on Soviet-era coal-fired combined heat and power plants to service its main cities.
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China-Mongolia border port handles record-high volume of daily goods www.xinhuanet.com

The daily volume of goods handled by Ganqmod Port, the largest highway port on the China-Mongolia border, has surpassed 170,000 tonnes so far this year, the port administration said Thursday.
This figure marks a record-high volume of daily goods handled by the port. In 2022, the port completed the customs clearance of over 19 million tonnes of goods, more than twice that of 2021.
As of Thursday, the port had already handled more than 15 million tonnes of goods, a year-on-year growth of over 200 percent, said the port administration, attributing this growth to the intelligent and streamlined customs clearance.
Situated in north China's Inner Mongolia Autonomous Region, Ganqmod Port is a major energy import channel for the country and an important hub on the China-Mongolia-Russia economic corridor. It is also the region's first highway port to reach the 10-million-tonne mark in 2023, hitting the target nearly four months earlier than in 2022.
(Web editor: Zhao Tong, Liang Jun)
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Insurance industry reviewed www.ubposts.com

June 20, the parliament’s standing committee on economy held a meeting with 52.6 percent attendance. During which the relevant organizations talked about the legal framework and current situation of the insurance industry.
Head of the Financial Market and Insurance Department of the Financial Policy Sector of the Ministry of Finance L.Sonor presented the current situation and legal reforms in the insurance industry. He states, one of the three pillars of the financial sector, the insurance sector occupies a rather small share. By the end of 2022, the ratio of total premium income of the insurance industry to GDP in Mongolia is 0.63 percent, which is 10 times lower than the average of other countries. The main indicators of the insurance sector have been growing in the last decade, and by December 2022, the total assets of the companies in the sector have increased to 475 billion MNT. He added that the total premium income of the insurance industry has increased to 305 billion MNT. Then, Head of the Financial Regulatory Commission D.Bayarsaikhan added more information about the legal framework and current situation of the insurance industry.
As of today, insurance organizations operate through 254 companies, 395 insurance intermediary companies, 90 branches and representative offices of insurance damage assessment companies and provide services to more than 1.3 million insured citizens with 688 insurance products (one company averages over 30 insurance products). D.Bayarsaikhan presented that in the first five months of this year, the total assets of insurance companies increased by 11.6 percent from the same period of the previous year and reached 475 billion MNT. Considering the share of the total assets of insurance companies by type of insurer, the total assets of ordinary insurance companies are 398.2 billion MNT, the total assets of longterm insurance companies are 16.4 billion MNT, and the total assets of reinsurance companies are 60.3 billion MNT.
D.Bayarsaikhan then continued about livestock indexed insurance, which is insurance product that sets a threshold or index as a percentage of the loss of livestock in a given area and compensates policyholders who have insured their animals in a given area if the percentage of livestock loss exceeds that threshold. The government sets the threshold for the level of risk. For example, according to Government Resolution, the first threshold is five to six percent, and the second threshold is 25 to 30 percent. It was mentioned that the percentage of livestock indexed insurance coverage is very low, and by the end of 2022, 14.4 percent of all herding households and about eight percent of all livestock were covered by indexed livestock insurance. In this context, livestock valued at 117.9 billion MNT were insured and insurance premiums of 3.9 billion MNT were collected. After the census, cattle are considered sheltered, and if they exceed the threshold, compensation is paid to herdsmen.
Process on digitizing state services introduced
At the standing committee on innovation and digital policy’s meeting, they discussed digitizing state services and matters related to some law amendments. Minister of Digital Development and Communication N.Uchral
presented the progress of the order given by the standing committee on October 24, 2022. He said, “The government has decided to approve the list of software projects to be completed by the private sector. As a result, the government will not develop the system further. This means that it will not duplicate the work done by the private sector, but only define the policy. In the framework of this work, the www.mindgolia.mn software department store has been established and more than 380 products are located there.”
The Minister then remarked, “Every year, the government purchases software worth 950 billion MNT. The state is still a big buyer, but the systems are not interconnected. To open the legal possibility for the private sector to purchase the government by putting it on mindgolia, the state procurement department gave directions to connect mindgolia.mn and e-tender.mn. In the future, companies and enterprises will put their developed systems on mindgolia.mn and the government will buy them. Also, according to the 10-year plan presented by the private sector, the telecommunications sector is a large sector with sales of 1.6 trillion MNT, but the information technology sector is not able to sell much. Since the sales of the information technology sector is less than 0.3 percent of the gross domestic product, they are working to improve the legal environment to support software manufacturers.”
Bill on General Education Law discussed
At the standing committee meeting, the discussion was held about the General Education Law and education sector matters. Minister of Education and Science L.Enkh-Amgalan said that the evaluation level of the examination is being reformed. For example, mathematics will be reformed so that it becomes a base test, and it will be evaluated differently depending on level. He also said that in the 21st century, the program for acquiring digital and English language skills is being reformed.
After that, the first discussion of the amendment of Preschool and General Education Law was held. The working group formulated 33 proposals with differences in principle. Voting was conducted in accordance and each item was discussed.
The Minister presented information on the progress of the project to replace pit toilets in state-owned kindergartens, gen-
eral education schools, and dormitories with modern sanitary facilities. He said that the project will be implemented in four
stages where the first two will take place in 92 soums of 16 provinces. Of a total of 307 buildings, 183 started usages, 29 are
ready and 95 continue construction. Also, in stage three, 130 soums of 17 provinces, in stage four, 92 soums of 18 provinces will participate in the project of replacing schools, kindergartens and boarding houses with modern sanitary facilities. As of June 15, 35.6 billion MNT funding has been provided. The budget for each sanitary facility to be built in each subdistrict is different. For example, the budget for the sanitary facility of Khairkhan soum dormitory in Arkhangai Province is 267.1 million MNT, while the sanitary facility budget for Bulgan soum Secondary School in Bayan-Ulgii Province is 341.7 million MNT. In general, the actual cost of one object ranges between 160 and 180 million MNT, depending on the capacity of the kindergarten, secondary school, and dormitory.
 
 
 
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Government, private sector and herders to cooperate on producing livestock products www.ubposts.com

Within the framework of supporting livestock products that meet climate-resistant development criteria and introduce them to the market, investment exhibition was organized under the project “Improving Adaptive Capacity and Risk Management of Rural People in Mongolia (ADAPT)”.
In this activity, the governors of the four provinces where the project is implemented, the directors of the provincial Food and Agriculture Department, the head of the Veterinary Medical Department, the elected governors of eight soums, representatives of herdsmen’s organizations, livestock processing industries and their associations, the United Nations Development Program, relevant management of the Ministry of Environment and Tourism, and Ministry of Food, Agriculture, and Light Industry and representatives of the private sector and government organizations have participated.
At the exhibition, participants were introduced to the sustainable model of animal husbandry products that will be tested in eight sub-districts of the four provinces of the project.
Within the framework of the ADAPT project, the following model activities will be implemented in eight soums:
• Agreement on the use of pastures to match the number of livestock to the carrying capacity of the pastures, and incentives from the management of soums to support the herdsmen in fulfilling their obligations under the agreement (payment for ecosystem services)
• Pastoralist groups undertake to establish a healthy and peaceful area free of infectious diseases at the level of contract pastures to ensure product quality
• Livestock farmers’ organizations should implement the activity of bringing teen animals into economic circulation by fattening lambs
• Concentrating livestock, meat, and cashmere in one place, verifying quality and origin, buying and selling through cooperatives and agricultural exchanges to cooperating private processing plants
According to Article 60.2.8 of the Budget law, it states to implement model activities in the direction of adaptation to climate change that can be implemented in soums from the livestock tax to achieve mentioned activities.
The exhibition is organized by the ADAPT project which is implemented by the United Nations Development Program, the Ministry of Environment and Tourism, and the Ministry of Food, Agriculture, and Light Industry and is funded by the Green Climate Fund. ADAPT project will be implemented in Khovd, Zavkhan, Dornod, and Sukhbaatar provinces within 2021 to 2028.
 
 
 
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"Connected services" key to transforming economies in landlocked countries www.gogo.mn

The International Trade Centre (ITC) today released a multimedia report on transforming economies with connected services, with a spotlight on landlocked countries. The report spotlights four types of services, known as connected services, that drive economic transformation.
The four services – transport and logistics, financial services, information and communications technologies, and business and professional services – contribute to greater output, trade and jobs. They also help make all firms more competitive, through the creation of a more business-friendly environment.
Connected services assist firms to join the global economy through trade, ITC research shows. In regions with high-quality connected services, 44% of all companies export, compared with 19% of firms where such services are weaker.
In landlocked countries, investing in these services in critical. Their performance on logistics, for example, is 17% lower than the global average. They are part of global supply chains, supplying important commodities to global markets as a major part of their exports. To better respond to supply chain shocks, investing in connected services is key. Landlocked countries also need these services to diversify their economies away from commodities towards value-added, sustainable goods and services.
This is also part of a global trend towards shorter supply chains, with countries strengthening their connections within regions to protect themselves from global supply chain shocks.
The transport and logistics sector is one of the most important for landlocked countries in this regard, with the potential to speed up intraregional trade. Trade in landlocked countries passes through priority trade corridors and numerous border checkpoints. Border reforms and digital transformation in the sector are equally important.
‘Connected services make our societies more equal. This services-led approach to development can help countries leapfrog and transform their economies,’ said Pamela Coke-Hamilton, ITC Executive Director. ‘For landlocked countries, transport and logistics are the glue that link various parts of a supply chain.’
This multimedia edition of the most recent SME Competitiveness Outlook features videos, photos and statistics. It also features a new section with data on the role of transport and logistics in landlocked countries as well as recommendations for trade facilitation.
 
 
 
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Eight issues related to salary increase and child allowance resolved www.theubposts.com

The Government submitted a draft law on amendments to the Budget Law of 2023 to Parliament and it was approved by Parliament on June 16. In this regard, at the regular Cabinet meeting, the Ministry of Labor and Social Protection discussed the following eight issues related to increasing salaries and pensions and providing child support to each child and decided to implement them from July 1. It includes:
The salary coefficient for pension calculation was revised nine years after 2014, and the difference in pensions between pensioners who have worked in the same profession for the same number of years and paid contributions has become closer.
The amount of pension provided by the social insurance fund and received by military pensioners has been increased by 10 percent, the minimum amount of the full pension and military pension provided by the social insurance fund has been set at 550,000 MNT, and the minimum amount of the proportional pension provided by the social insurance fund has been set at 440,000 MNT.
The amount of the social welfare pension is set at 350,000 MNT and the care allowance at 275,000 MNT.
The “Procedure for Providing Child Allowance” was discussed and approved to provide child allowance to all children aged zero to 18 in Mongolia.
Salaries of civil servants will be increased by 26 to 50 percent.
In line with the revision of the salaries of public administration positions, the minimum salary for the position will be 1 million MNT, and the salaries of the governors and their deputies of the district capital, soum district, and regional centers will be increased.
The ranks of public professional services and general public services in the fields of science, health, education, culture, sports, and sports have been updated.
Relevant amendments have been made to the “Procedures for granting local government and service employees a bonus for working in the local area” and “Procedures for providing one-time grants for old-age retirement to government employees”.
ACCESS TO SCHOOLS INCREASED
The Government’s resolution on measures to reduce the load and increase access to secondary schools was approved.
According to the resolution, relevant ministers and leaders were instructed to take measures to solve the problem such as increasing the working process of general education school buildings that are being built with state and local budgets and foreign loan aid investments, increasing the number of school seats, using the school resources and free space to add classrooms, calculate the costs required for renting, purchasing, and repairing classrooms, furniture, equipment, learning materials, and school buses.
In this academic year, 746,405 students are studying in 859 secondary schools in Mongolia. Every year, 30,000 to 35,000 children graduate from elementary school, and 78,000 to 80,000 new children enroll. This disparity in enrollment and graduation will continue over the next five years and will increase to more than 50 percent in city schools. In the academic year, the number of daily students in elementary schools will increase by 38,615 compared to the previous academic year.
‘PUBLIC TRANSPORT TO STRICTLY USE FIRST LANE’
Minister and Chairman of the National Committee on Traffic Congestion J.Sukhbaatar presented to the Cabinet meeting about the implementation of projects and measures implemented in the context of reducing traffic congestion in Ulaanbaatar city.
The government will decide on 187 billion MNT, which is the funding required for land acquisition and expansion of the road network and it will have a significant impact on the reduction of traffic congestion in the capital city, as part of the goal of increasing the road network and connecting many branch roads and road structures, and the 2023 budget is reflected in the notes.
68 percent of the 996 buses that serve more than 500,000 citizens in 107 areas every day are more than 10 years old. In 2022, the fleet was renewed with 50 school children's buses and 224 high-capacity diesel buses for a total of 274 buses.
In 2023 and 2024, a total of 810 buses will be upgraded. As a result, the public transport bus fleet will be 100 percent renewed.
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Qatar and Mongolia hold political consultations www.akipress.com

A round of political consultations between the ministries of foreign affairs of Qatar and Mongolia took place in the capital of Mongolia.
The Qatari side was led by Secretary General of the Ministry of Foreign Affairs Ahmad Hassen Al-Hammadi, and the Mongolian side was led by State Secretary of the Ministry of Foreign Affairs Ankhbayar Nyamdorj.
The sides discussed aspects of bilateral cooperation, as well as its expansion and promotion during the consultations.
The round of political consultations was attended by non-resident Ambassador of Qatar to Mongolia Mohammed bin Abdullah Al Dehaimi, Assistant Director of Asian Affairs Department of the Ministry of Foreign Affairs Al Jawhar Yousef Obaidan and the accompanying delegation.
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Ard Financial Group becomes the first Mongolian company to join the World Economic Forum’s New Champions www.theubposts.com

Ard Financial Group JSC was invited as a member of the World Economic Forum's New Champions, becoming the first Mongolian company to join the community.
The New Champions are a community of purpose driven companies of mid-sized, whose corporate leaders understand the changes needed to operate into the new world. They implement innovative solutions and act as responsible proponents of stakeholder capitalism. They are a community of changemakers with visionary leaders and inspiring others into that direction.
Through this community all employees of Ard Financial Group will have the opportunity to expand their knowledge through their platform. Furthermore, the company will have the opportunity to expand internationally, and C-level executives will be invited to participate in major events organized by the World Economic Forum and promote Mongolia and Ard Financial Group.
The New Champions selection criteria includes: Committed to improving the state of the world; Purpose-driven company taking action to align their business strategy to their social, environment and governance goals; Outpacing average growth in relation to industry over the past three years; Global or regional leader in industry or market; Leadership demonstrates highest level of integrity; Champion new business models, work with emerging technologies or push innovative solutions to tackle some of the world’s biggest challenges.
The World Economic Forum is the International Organization for Public-Private Cooperation. Its purpose is to bring together stakeholders from all sectors of society to shape a better future and generate great impact through purpose-driven communities and platforms. Ard Financial Group is Mongolia's leading fintech company that invests in finance and technology companies as part of its mission to build the Investor Nation.
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