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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French Development Agency to Open Its Resident Representative Office in Mongolia www.montsame.mn

On May 6, 2025, Ambassador Extraordinary and Plenipotentiary of the French Republic to Mongolia Corinne Pereira da Silva participated as a Guest Speaker at the “Ambassador’s Podium” Honorary Lecture, organized by the Mongolian Academy of Sciences.
The Mongolian Academy of Sciences has launched a series of honorary lectures aimed at expanding cooperation with diplomatic corps and consulates in Mongolia in science, technology, and innovation. This time, Corinne Pereira da Silva, Ambassador Extraordinary and Plenipotentiary of the French Republic to Mongolia, delivered an honorary lecture titled "Sixty Years of Relations Between Mongolia and the French Republic."
In his opening remarks, President of the Mongolian Academy of Sciences and Academician Demberel Sambuu noted, “Mongolia and the French Republic have implemented numerous projects and programs in science and education. For instance, since 1994, the Institute of Astronomy and Geophysics of the Mongolian Academy of Sciences has continiously collaborated with relevant These efforts have included regular assessments of seismic hazards and active fault studies in both urban and rural areas of Mongolia, as well as research on the country's geodynamics. At the Institute of Archaeology of the Mongolian Academy of Sciences, Mongolian and French archaeologists have been jointly conducting scientific projects such as Eg River and The Empire of the Nomads in the western and central regions of Mongolia. These collaborations have led to important discoveries that enrich the study of the Paleolithic era and the history of the Hun Empire."
Since the establishment of diplomatic relations between Mongolia and the French Republic in 1965, the two countries have been cooperating in politics, culture, science, education, economy, defense, and environment protection sectors. The most recent example is the Uranium project between the Government of Mongolia and the Orano Mining SAS of the French Republic. Moreover, the two countries plan to cooperate to advance sustainable development in Mongolia.
Ambassador Extraordinary and Plenipotentiary of the French Republic to Mongolia Corinne Pereira da Silva remarked, “There are many sustainable development projects that align with the current pace of cooperation between the two countries. However, this should serve as a general guideline, as sustainable development is relevant to various sectors, including agriculture, the environment, energy, and urban planning. Importantly, the successful implementation of any project requires a reliable institutional framework. In my country, there is a development agency known as AFD, the French Development Agency, which finances projects aimed at improving citizens’ livelihoods, supporting economic growth, and protecting the environment. In the commemoration of the historic anniversary of the establishment of diplomatic relations between Mongolia and France, this Agency is planning to open its Resident Representative Office in Mongolia. This will not only create opportunities to attract investment for sustainable development projects, but also lay the groundwork for scientific collaboration in geology, geography, and soil and water research."
As of 2024, Mongolia has established diplomatic relations with all UN member states. Currently, 26 foreign embassies operate in Ulaanbaatar, along with two consulates in rural areas.

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Putin to meet on May 7 with leaders of Cuba, Mongolia and Congo www.radiogritodebaire.cu

Russian President Vladimir Putin will hold bilateral meetings in connection with the Victory Day celebrations, and will hold talks with the leaders of Cuba, Mongolia and Congo, Kremlin advisor Yuri Ushakov said today.
According to the senior official, after finalizing negotiations with Venezuelan President Nicolas Maduro, Putin plans three more meetings with leaders of foreign states.
Ushakov specified that the first one will be with the President of the Republic of Cuba, Miguel Diaz-Canel, who, by the way, has already arrived in Russia. “On Wednesday will be the meeting between the Cuban leader and our president,” he informed.
In this regard, he added that “an hour later, Putin is scheduled to hold a conversation with Mongolian President Ujnaagiin Jurelsuj.” “A meeting with President Denis Sassou Nguesso of the Republic of Congo is also planned for May 7,” the Kremlin representative detailed.
As for the largest of the Antilles, Ushakov recalled that May 8 coincides with the 65th anniversary of the restoration of diplomatic relations between Moscow and Havana after the victory of the Cuban Revolution.
(Taken from PL-Sp)

 

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Tehran hosts Iran-Mongolia political consultation meeting www.en.mehrnews.com

The second political consultation meeting was held between Iran and Mongolia after a seven-year hiatus, chaired by Assistant Minister and Director-General of Asia-Pacific Department of the Iranian Ministry of Foreign Affairs Ali Asghar Mohammadi, and State Secretary at the Ministry of Foreign Affairs of Mongolia MUNKHTUSHIG Lkhanaajav.
During the meeting, Mohammadi reviewed the latest status of cooperation between the two countries in the political, economic, cultural, and international areas and welcomed the expansion of cooperation within the framework of multilateralism, regional and international organizations.
The state secretary at the Ministry of Foreign Affairs of Mongolia, for his part, expressed satisfaction with the increase in trade cooperation between the two countries in the last two years and announced his readiness to plan for strengthening cooperation and exchange delegations concurrent with the 55th anniversary of the establishment of diplomatic relations between the two countries in 2026.
In his meeting with Deputy Foreign Minister for Economic Diplomacy Rasoul Mohajer, MUNKHTUSHIG Lkhanaajav submitted a comprehensive report on the second meeting of political consultations between the two countries.

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North Korea-linked restaurant reopens in Mongolia after yearslong closure www.nknews.org

A restaurant with suspected ties to North Korea has reopened in Mongolia with a new name, likely violating U.N. sanctions that ban DPRK nationals from earning income overseas.
Pekkhwa Culture and Art Center opened its doors in Ulaanbaatar, featuring new wall decor but preserving “faux trees and leaves” decorations from the previous business, a source who visited over the weekend told NK News.
Formerly the Pyongyang Baek Hwa Restaurant, the establishment had been shuttered for years, with a handwritten note attached to the door reading “under construction” when NK News visited in July last year.
Pyongyang Papers, an anonymous blog, reported last June that North Korean workers were set to staff the restaurant shortly, presumably in breach of U.N. Security Council Resolutions 2375 and 2397 that mandate all overseas DPRK laborers return to their homeland.
The source who visited the revamped restaurant over the weekend told NK News that it is unclear who runs or owns the establishment, but a team of about a dozen people is working there, including North Koreans and some Mongolians in management roles.
New photos of the interior obtained by NK News show that while the restaurant’s appearance didn’t undergo many changes — a stage for live music and paintings on the walls are still in place — Pekkhwa now features call bells for summoning staff, akin to those widespread in South Korea.
Similarly, the restaurant still advertises and sells North Korea’s Taedonggang Beer, with a banner that appears to be from the former business visible in the new images.
The restaurant has leaned into its artistic image by retaining a mini-art gallery but moved it to the balcony section upstairs, according to the source.
“They’ve got an array of paintings and embroideries on sale, mostly typical Chosonhwa artwork,” the source said, using a term for North Korean art.
While North Korean paintings aren’t directly targeted by U.N. restrictions, the Security Council did slap sanctions on the DPRK’s leading Mansudae Art Studio in 2017.
NK News attempted to call the restaurant via a phone number posted on the front door last year, but the number has been disconnected.
Calling the number listed on the restaurant’s Facebook page (inactive since 2020) resulted in the person on the line hanging up when asked in English if the venue was taking reservations. Three other phone numbers the restaurant advertised in a 2018 ad were also inaccessible.
Similarly, the Daco Business Center that houses Pekkhwa and lists the venue next to the South Korean CU convenience store on its website didn’t respond to NK News queries about the eatery’s operations. The Mongolian foreign ministry was not immediately available for comment.
The Daco Business Center is co-owned by Mongolian citizens Dashdavaa Daryabazar and Solongo Ukhnaa, with Uyanga Dashzeveg listed as CEO, according to the Mongolian corporate registry. The database appears to lack information on Pekkhwa’s ownership, although a 2022 media report traced the venue to the DPRK Embassy in Mongolia.
Ulaanbaatar has also long maintained amicable ties with the Kim regime, engaging in trade, including of illicit goods, and hosting several other DPRK-linked eateries, like the Pyongyang Restaurant, Pyongyang Koryo Folk Restaurant and Urlag Restaurant.
Additionally, Mongolia was once a frequent recipient of North Korean laborers, particularly in construction and the cashmere sector, until U.N. sanctions blocked such cooperation.
Edited by Alannah Hill
Chad O’Carroll contributed reporting to this story.

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SouthGobi Announces Update on Mongolia Tax Audit www.finance.yahoo.com

SouthGobi Resources Ltd. (TSX-V:SGQ)(HK:1878) ("SouthGobi" or the "Company") announces that reference is made to the announcements of the Company dated July 31, 2023, August 18, 2023, February 26, 2024, May 22, 2024, June 12, 2024, January 20, 2025, February 13, 2025, March 26, 2025 and March 28, 2025 (the "Announcements") in relation to the Mongolia tax audit. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcements.
On April 25, 2025, the Company's wholly owned subsidiary in Mongolia, Southgobi Sands LLC ("SGS"), obtained a copy of an order dated April 15, 2025 ("LatestCourt Order") issued by the Administrative Court of First Instance in Ulaanbaatar, Mongolia (the "Administrative Court of First Instance") refusing to accept the claim brought by certain MTA Officials against the TDRC ("ProposedCase") in an attempt to dispute or overturn the previous decision made by the TDRC regarding the Re-assessment Result, in which the TDRC concluded that the tax penalty against SGS be reduced from approximately US$80.0 million to US$26.5 million. According to the Latest Court Order, the Proposed Case has been dismissed by the Administrative Court of First Instance. According to applicable Mongolian laws, the plaintiff is entitled to file an appeal to the appellate court, and the Company understands that the MTA Officials, as plaintiff in the Proposed Case, has filed an appeal as at the date of this announcement.
As of the date of this announcement, the Re-assessment Result remains legally valid and in effect. The Company will continue to monitor the status of the above and will make further announcement(s) in order to keep its shareholders and potential investors informed as and when appropriate.
About SouthGobi
SouthGobi, listed on the Hong Kong Stock Exchange and the TSX Venture Exchange, owns and operates its flagship Ovoot Tolgoi coal mine in Mongolia. It also holds the mining licences of its other metallurgical and thermal coal deposits in South Gobi region of Mongolia. SouthGobi produces and sells coal to customers in China.

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Draft Law on Public Procurement to Prioritize Quality-Based Criteria www.montsame.mn

The 5th Meeting of the Economic Development Board under the Prime Minister of Mongolia was held on May 5, 2025. The meeting discussed the draft Law on Public Procurement and the draft Law on Amendments to the Law on the Development Bank of Mongolia.
Chief of the Cabinet Secretariat of the Government of Mongolia Uchral Nyam-Osor presented the concept of the draft Law on Public Procurement. Cabinet Secretariat Uchral emphasized that the current Law promotes low-price competition, which has led to poor-quality procurement practices. To resolve this, the new draft Law prioritizes quality-based selection criteria. Additionally, environmental and social impact indicators will be incorporated into tender evaluations. Furthermore, tenders with estimated costs of up to MNT 10 billion will not require financial guarantees, allowing 99 percent of Procurement Tenders to proceed without such requirements. The draft Law also includes a provision whereby the Government will not request information already in its possession. Procurement processes will be conducted digitally using Artificial Intelligence. Legal disputes will be resolved by an independent council based on international standards and majority decisions.
Members of the Board shared their views on the draft Law on Public Procurement. Tur-Od Lkhagvajav, President and Chairman of the Board of Directors of the Mongolian National Chamber of Commerce and Industry (MNCCI), commended the inclusion of numerous private sector proposals in the draft Law and stressed the need to further advance digitalization in government procurement processes. Davaadalai Batsuuri, Economic Policy Advisor to the President of Mongolia, underlined the importance of refining provisions that promote patriotic procurement and support specific segments, including persons with developmental challenges. Batsaikhan Purev, President of Shunkhlai Holding, proposed revisiting the provision that sets the minimum cost threshold for mega projects at USD 36 million.
At the Meeting, participants were also briefed on the proposed draft Law on Amendments to the Law on the Development Bank of Mongolia. Once at risk of default with nearly half of its loan portfolio classified as nonperforming loans (NPL), the Development Bank of Mongolia has since repaid over MNT 10 trillion in debt. In October and December 2023, the Bank settled USD 500 million in Eurobonds and JPY 30 billion in Samurai bonds on time, fulfilling its obligations to international investors. Furthermore, the proposal suggests transforming the Development Bank into an export-import-oriented bank and increasing its capital base. The Bank’s strategic focus will be directed toward supporting economic diversification and boosting exports, with priority sectors identified as renewable energy, agriculture, environmental protection, mining, transport, logistics, and manufacturing. The Bank will not rely on 100 percent state-funded financing; instead, project initiators must contribute at least 15 percent of total costs. A new legal framework is being developed to ensure transparency in loan issuance and project selection to prevent past mistakes.
Members of the Economic Development Board also gave feedback on the proposed reforms. Gankhuyag Chuluun, Chairman of the Mongolia Economic Forum, stressed the need to improve the Bank’s risk management and governance to minimize political influence. Odjargal Jambaljamts, CEO of MCS Holding LLC, noted that co-financing Development Bank Projects with International Financial Institutions (IFIs) would enhance oversight.
Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai highlighted the importance of incorporating private sector input into the draft Law on the Development Bank of Mongolia and stated that the Government supports transforming the Bank into an export-import-oriented EXIM Bank. The Premier noted that the draft Law on Amendments to the Law on the Development Bank of Mongolia would soon be submitted to the State Great Khural of Mongolia. Prime Minister Oyun-Erdene emphasized that discussing economic and financial matters through the Economic Development Board, followed by deliberations at the levels of Parliament and the Cabinet, represents a sound and commendable practice. The next meeting of the Economic Development Board will comprehensively discuss issues related to social insurance and taxation.

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Mongolia's central bank purchases 3.3 tons of gold in 4 months www.xinhuanet.com

Mongolia's central bank has purchased a total of 3.3 tons of gold from legal entities and individuals since the beginning of 2025, local media reported on Tuesday, citing a statement released by the bank.
The figure decreased by 22.1 percent compared with the same period of 2024, the bank said.
As of April, the average price of gold purchased by the Bank of Mongolia was 364,736.61 Mongolian tugriks (approximately 102 U.S. dollars) per gram.
Purchasing gold is one of the key ways for the central bank to ensure the country's economic stability by consistently increasing foreign currency reserves, said the bank.
According to the regulator, Mongolia's foreign exchange reserves stood at 5.135 billion dollars by the end of April 2025.

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Kazakhstan, Mongolia explore new horizons for trade and economic growth www.en.trend.az

Murat Nurtleu, Deputy Prime Minister and Minister of Foreign Affairs of Kazakhstan, held a phone conversation with Batmunkh Battsetseg, Mongolia's Minister of Foreign Affairs and discussed future prospects for trade and bilateral relations, Trend reports via the Ministry of Foreign Affairs of Kazakhstan.
During the conversation, the parties discussed the current state and prospects of Kazakh-Mongolian cooperation, with a particular focus on enhancing trade-economic, investment, and transport-logistical ties.
"The importance of coordinating efforts to implement agreements at the highest level and deepening the strategic partnership between Kazakhstan and Mongolia was highlighted," the ministry's statement reads.
Following the negotiations, the interlocutors agreed to maintain a high level of contact between the foreign ministries of the two countries to further strengthen cooperation.
By the end of 2024, the trade turnover between Kazakhstan and Mongolia amounted to $150 million, which is 20 percent more than in the previous year.

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Mongolia Sharpens Its Focus on Cybersecurity www.montsame.mn

Mongolia was placed in Tier 3 out of 5 in the Global Security Index issued by the International Telecommunication Union (ITU), with a score of 56 points. This indicates that while the country has been expanding digital services and increasing online connectivity, there is still work to be done to integrate cybersecurity into its meaningful connectivity objectives. Over the next two years, Mongolia aims at improving its score by 25 points.
The Public Computer Security Incident Response Team met with representatives from private sector organizations with critical information infrastructure eight times over the past two months. On May 1, 2025, a meeting was held to summarize the proposals, solutions, and results.
At the meeting, security experts presented the results of their efforts to prevent cyberattacks in collaboration with organizations responsible for critical information infrastructure. They also shared proposals and solutions, highlighting the cooperation and best practices of commercial banks with critical information infrastructure.
S. Javkhlan, the Head of the Public Computer Security Incident Response Team, emphasized the importance of promptly reporting cyberattacks. “When an individual or organization is subjected to a cyberattack, it is crucial to report it to the police and 113 immediately. Without swift action on the spot, it will be challenging to apprehend the perpetrator.”
As of 2024, 12 types of cyberattacks were registered in Mongolia, including phishing attacks targeting individuals, ransomware attacks targeting organizations, and botnet attacks.
The Public Computer Security Incident Response Team is responsible for raising awareness and educating the public about cyberattacks, reporting vulnerabilities in advance, detecting and responding to attacks, and offering guidance on recovery and measures to prevent future incidents.

 

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Mongolia Discusses Tax on Imported Flour and Wheat www.ukragroconsult.com

The Mongolian government has submitted a bill to repeal the law on exemption from customs duties, the news portal news.zindaa.mn reported on May 2.
The report notes that the first debate on the bill to repeal this law took place at a plenary session of the parliament. Most deputies supported it. The bill was transferred to the Standing Committee on Environment, Food and Agriculture and the Standing Committee on Budget to prepare for the final discussion.
It is emphasized that the adoption of the bill will restore the legal framework that establishes a 15 percent tax on imported flour, wheat and animal feed. The Ministry of Food, Agriculture and Light Industry believes that this will support domestic wheat cultivation and flour production.
The report indicates that due to the abolition of customs duties on flour, Mongolia has lost 40% of the domestic market. The Ministry of Agriculture reported that wheat cultivation has decreased by 30%.
During a joint meeting of the standing committees on budget and environment, food and agriculture, MP Ts. Davaasuren supported a special motion to implement the law from 20 May 2025.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.

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