1 FOREIGN TRADE TURNOVER REACHES USD 2.6 BILLION WWW.MONTSAME.MN PUBLISHED:2026/02/25      2 MONGOLIA REVOKES PERMITS OF SIX FOREIGN NGOS WWW.MONTSAME.MN PUBLISHED:2026/02/25      3 MINING DRIVES MONGOLIA’S ECONOMY AS REFORM MOMENTUM BUILDS WWW.EASTASIAFORUM.ORG PUBLISHED:2026/02/25      4 P.NARANBAYAR ANNOUNCES PLAN TO DRAFT LAW TO RESTRICT CHILDREN’S USE OF SOCIAL NETWORKS WWW.GOGO.MN PUBLISHED:2026/02/25      5 “EAGLE FESTIVAL-2026” TO BE HELD ON MARCH 7-8 WWW.GOGO.MN PUBLISHED:2026/02/24      6 BEATE DASTEL: UNICEF WILL CONTINUE THE IMPLEMENTATION OF SUCCESSFUL PROJECTS AND PROGRAMS IN MONGOLIA WWW.OPEN.KG PUBLISHED:2026/02/24      7 SAXAUL TREE CULTIVATED IN WINTER GREENHOUSE FOR FIRST TIME IN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2026/02/24      8 MONGOLIA'S PROPOSED SENIOR UNSECURED NOTES ASSIGNED 'BB-' LONG-TERM FOREIGN CURRENCY RATING WWW.SPGLOBAL.COM PUBLISHED:2026/02/24      9 MOODY’S ASSIGNS B1 RATING TO MONGOLIA BONDS ON REFINANCING PLAN WWW.IN.INVESTING.COM PUBLISHED:2026/02/24      10 THE 2250-KM, MORE DIVERSE ALTERNATIVE TO THE TRANS-SIBERIAN RAILWAY WWW.BRISBANETIMES.COM.AU PUBLISHED:2026/02/24      НИЙСЛЭЛ ЗАРДЛАА ТЭЛЖ, ТРАМВАЙН ТӨСӨЛД 350 ТЭРБУМЫГ ЗАРЦУУЛНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/02/25     САНГИЙТ КАУР ДЕО: МАЛАЙЗЫН ТӨР БУРУУТАЙ ГЭДГИЙГ ШИЙДҮҮЛЭХ ЭЦСИЙН БОЛОМЖ УЧРААС МОНГОЛЫН ТӨР ХАМТРАН АЖИЛЛАХЫГ ХҮСЭЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/02/25     НИЙСЛЭЛИЙН ТӨСӨВ: COP17 ХУРАЛД 70 ТЭРБУМ ЗАРЦУУЛЖ, 200 ТЭРБУМЫН БОНД БОСГОЖ V ЦАХИЛГААН СТАНЦ БАРИНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/02/25     ХӨРСНИЙ УС, ҮЕРИЙН ХАМГААЛАЛТЫН ТӨСЛИЙН ТЭЗҮ-ИЙГ БОЛОВСРУУЛАХ АЖИЛ 90 ХУВЬТАЙ ХЭРЭГЖИЖ БАЙНА WWW.ITOIM.MN НИЙТЭЛСЭН:2026/02/24     COP17 БАГА ХУРЛЫН БЭЛТГЭЛ ХАНГАХ ХҮРЭЭНД ТЕНДЕРГҮЙ, ШУУД ХУДАЛДАН АВАЛТ ХИЙХ ЭРХИЙГ ӨГЧЭЭ WWW.ITOIM.MN НИЙТЭЛСЭН:2026/02/24     "ЭРДЭНЭБҮРЭНГИЙН УСАН ЦАХИЛГААН СТАНЦЫН АЖЛЫН ЯВЦ 20 ХУВЬТАЙ БАЙНА" WWW.EGUUR.MN НИЙТЭЛСЭН:2026/02/24     ТӨМӨР ЗАМЫН ТЕРМИНАЛЫН ДЭД БҮТЦИЙГ САНХҮҮЖҮҮЛЭХ САНАЛ ТАВЬЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/24     НИЙСЛЭЛД ЖИЛДЭЭ 44.420 ТОНН ХУВАНЦАРЫГ ДАХИН БОЛОВСРУУЛНА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/02/24     МОНГОЛ УЛС, БНСУ-ЫН ГХЯ ХООРОНДЫН СТРАТЕГИЙН УУЛЗАЛТ БОЛОВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/02/24     ДҮҮЖИН ЗАМЫН ТЭЭВЭР ТӨСЛИЙН ЯВЦ 60.5 ХУВЬТАЙ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2026/02/24    

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Events

Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Events

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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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Mongolia Energy Faces MNT 412.3 Billion Tax Liability After Losing Mongolian Court Case www.tipranks.com

Mongolia Energy Corporation has disclosed that its Mongolian subsidiary MoEnCo has lost a legal challenge in the Mongolian Administrative Court over a tax reassessment imposed by the country’s Tax Dispute Resolution Council. The court ruled in favour of the tax authority, leaving MoEnCo liable for reassessed taxes totaling MNT 412.3 billion (about HK$902.6 million) for the 2017–2020 period, a sizeable potential liability that could weigh on the group’s financial position and cash flows. The company expects a written judgment within about two weeks and is seeking legal advice on filing an appeal within the permitted time frame, while cautioning shareholders and potential investors about trading its shares amid the unresolved tax dispute and associated uncertainties.
The most recent analyst rating on 0276) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mongolia Energy stock, see the HK:0276 Stock Forecast page.
More about Mongolia Energy
Mongolia Energy Corporation Limited is a Hong Kong–listed resources company with operations in Mongolia, primarily conducted through its subsidiary MoEnCo. The group is engaged in the development and operation of mineral and energy assets, positioning itself within the regional commodities and energy sector and targeting both domestic and export markets through its Mongolian activities.
Average Trading Volume: 346,081
Technical Sentiment Signal: Sell
Current Market Cap: HK$127.9M

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Number of Foreign Nationals Residing for Official and Private Purposes Up 7.4% www.montsame.mn

As of December 31, 2025, a total of 34,272 foreign nationals from 136 countries are registered as residing in Mongolia for official and private purposes.
This represents a 7.4 percent increase compared to the same period of the previous year. By nationality, there are 1,124 citizens of the United States, 1,693 of the Republic of Korea, 2,278 of the Republic of India, 3,001 of the Russian Federation, 19,952 of the People’s Republic of China, and 6,224 citizens of other countries.
Under Article 27.4 of the Law of Mongolia on the Legal Status of Foreign Nationals, the number of foreign nationals residing in Mongolia for private purposes may not exceed three percent of the total population, with citizens of any single country limited to one percent. As of today, foreign nationals residing in Mongolia for private purposes account for 0.9 percent of the population. Of these, citizens of the People’s Republic of China represent the largest share at 0.56 percent, followed by those of the Russian Federation at 0.09 percent, the Republic of India at 0.06 percent, the Republic of Korea at 0.04 percent, and the United States at 0.03 percent.
Of the registered foreign residents, 560 reside for official purposes, 17,168 for employment, 5,213 for study, 5,329 for investment, 1,767 as immigrants, 134 for religious purposes, and 3,022 for family reasons. In addition, 1,079 foreign nationals reside in Mongolia for other purposes.

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Sustainability Related Reporting: Readiness Assessment Mongolia Report www.undp.org

This Readiness Assessment was developed under the Sustainability Disclosure and Management Hubs (SDMH) Programme, led by UNDP Financial Centres for Sustainability (UNDP FC4S) as part of the EU-funded Sustainable Finance Advisory Hub (SFAH). The initiative was carried out in close collaboration with the Ministry of Finance of Mongolia and a wide range of national stakeholders. 
Mongolia’s financial and corporate sectors are making steady progress toward adopting the IFRS Sustainability Disclosure Standards (IFRS S1 and S2), which set a global benchmark for sustainability and climate-related financial reporting. This readiness assessment explores the country’s capacity to implement these standards and outlines key strengths, challenges, and strategic priorities for a phased and locally adapted rollout. The findings are based on a robust methodology, including a review of relevant laws and policies, a national survey of 189 organizations, a pilot reporting exercise with a major listed company, international comparisons, and extensive stakeholder engagement.
The findings will serve as a foundation for developing policies and capacity-building programs that ensure the adoption of the International Sustainability Standards Board (ISSB) standards is both effective and suited to Mongolia’s context.
Citation: “UNDP. 2025. Sustainability Related Reporting: Readiness Assessment Mongolia Report. Ulaanbaatar.”  
The report available at https://www.undp.org/.../sustainability-related-reporting...

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Government to Formally Approach Rio Tinto, Oyu Tolgoi to Safeguard National Interest www.montsame.mn

A temporary parliamentary investigative committee was established by the State Great Khural (Parliament) to oversee documents and activities related to safeguarding Mongolia’s interests and increasing the benefits derived from the exploitation of the Oyu Tolgoi group of deposits.
The committee organized an open hearing to examine evidence from December 8 to 12, 2025, and the parliament adopted a resolution instructing the government on follow-up measures to be taken. The temporary committee concluded that the Oyu Tolgoi Investment Agreement and the Shareholders’ Agreement do not fully meet Mongolia’s interests; that benefits to Mongolia have declined sharply due to cost overruns and the timeline for receiving dividends has been delayed; that Mongolia’s participation in decision-making has not been substantively ensured; and that the project lacks sufficient transparency.
At its regular session on January 7, 2026, the government discussed actions to implement the parliamentary resolution on measures to be taken following the special inspection and open hearings aimed at safeguarding Mongolia’s interests and increasing returns from the Oyu Tolgoi project. The government decided to formally approach the management of Oyu Tolgoi LLC and the investor Rio Tinto Group. The composition of the working group appointed by the government to conduct negotiations with the project’s investors has been renewed as part of efforts to implement the parliamentary resolution.
According to the Government Media and Public Relations Department, the government will raise a number of specific issues with Oyu Tolgoi LLC and the management of Rio Tinto Group within the framework of ongoing negotiations with the project’s investors. These include bringing the contractual terms into line with Mongolia’s national interests; clarifying the timeline for receiving dividends on the 34-percent state ownership; ensuring that shareholders benefit on an equal and fair basis; making financial reporting and project costs transparent and open; carrying out independent audits; substantively ensuring Mongolia’s participation at the decision-making level; and ensuring parliamentary oversight over project costs and financing.

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Non-Compliant Advertising Billboards to Be Removed www.montsame.mn

Across the capital, there are 496 permitted outdoor signs and advertising structures, as well as 250 installed without permits.
According to the Governor’s Office of the Capital City of Ulaanbaatar, the forced removal of advertising structures and billboards that fail to meet standards will begin next month. These include installations that are visually unappealing, compromise public safety, obstruct sightlines, block surveillance cameras, or are illegally placed in prohibited locations without authorization.
The city has also set the following requirements for outdoor signs and advertising structures:
Modern technological solutions must be used, with regular maintenance ensured to keep structures in proper condition.
Designs must align with the unified visual appearance of city streets and buildings.
Signs must not compromise the safety, structural integrity, or aesthetics of buildings.
Signage must be written in Mongolian; if English is used, it must appear below or after the Mongolian text and be no more than half its size.
A uniform design and size must be maintained for signs placed within the same space.
Logos of trademark-protected products must not be altered.
The total size of signage must not exceed 20 percent of the building facade.
Signs must have external or internal lighting, and integrated information boards displaying details of all institutions must be installed.

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From Toronto, Canada to Phu Quoc, Vietnam: Mongolia’s Bold 2026 Aviation Expansion Includes New Flights, Visa-Free Travel, and Airport Upgrades! www.travelandtourworld.com

As of January 7, 2026, Mongolia’s aviation sector is experiencing its most significant expansion in decades, as the country opens its skies to more direct international flights and modernized infrastructure. This growth is driven by the government’s “Years to Visit Mongolia” initiative, which aims to boost tourism and elevate Mongolia’s status as a global travel destination. Key milestones for 2026 include new long-haul flight routes connecting Mongolia with North America, Southeast Asia, and Europe, alongside a major expansion of Chinggis Khaan International Airport. The government’s strategic vision to enhance global connectivity is coming to life with several new aviation developments confirmed for this year.
What’s New in Mongolia’s Aviation Sector in 2026?
2026 marks a year of unprecedented growth for Mongolia’s air transport network. Significant efforts are underway to increase direct connectivity with international destinations, as well as enhance the country’s infrastructure and visa policies to support this expansion. Some of the most exciting developments include new international flight routes, upgraded fleets, and infrastructure improvements at the newly established Chinggis Khaan International Airport.
1. New International Routes
The launch of several flagship international routes is one of the key highlights of 2026. These new routes are expected to increase direct connectivity between Mongolia and major global markets.
Toronto to Ulaanbaatar (Air Transat): A historic development for Mongolia’s aviation sector is the confirmation of direct flights between Toronto (YYZ) and Ulaanbaatar (UBN), set to commence in June 2026. This route, operated by Air Transat, will be the first direct link between Canada and Mongolia, offering two flights per week on Thursdays and Sundays. The Airbus A321LR, configured with Club Class and Economy, will serve the route. The flight duration will be approximately 13 hours and 30 minutes, cutting down the previous 25-hour journey via other connecting hubs like Seoul or Istanbul.
Singapore Connectivity (MIAT Mongolian Airlines): MIAT Mongolian Airlines has upgraded its Ulaanbaatar–Singapore route to a year-round service. Starting in early 2026, the airline will deploy the Boeing 787-9 Dreamliner on the route to cater to growing demand. This is a major milestone for the carrier and underscores the increasing demand for connections between Mongolia and Southeast Asia.
Vietnam Expansion (Hunnu Air): After successful charter trials, Hunnu Air is set to expand its services to Vietnam in 2026. Scheduled flights will operate to popular tourist destinations like Phu Quoc and Nha Trang. The airline is responding to a surge in demand for leisure travel between Vietnam and Mongolia, especially for winter and spring seasons.
China and Regional Growth: In line with the “Air Silk Road” initiative, MIAT and Hunnu Air are increasing flight frequencies to key cities in China, including Beijing, Shanghai, and Hohhot. This move is expected to strengthen regional air links and foster greater trade and tourism between Mongolia and its neighboring countries.
2. Airport Infrastructure Expansion
Chinggis Khaan International Airport, which opened in 2021, is undergoing a significant expansion to accommodate the growing volume of passengers. The expansion project, authorized by the Mongolian government, aims to increase the airport’s annual capacity beyond the current limit of 2 million passengers.
Terminal Expansion Project: The expansion will include new facilities and an upgraded terminal to handle the increasing flow of international travelers. The project is part of the government’s broader effort to enhance Mongolia’s tourism infrastructure and meet the demands of the growing aviation sector.
Digital Integration: In line with global trends, Chinggis Khaan International Airport is implementing new technology to streamline passenger services. By mid-2026, the airport will introduce Smart Gate technology and digital arrival cards. This will replace traditional paper forms, making the customs process smoother for international travelers.
3. Policy and Visa-Free Travel
Mongolia is also enhancing its appeal to international visitors by extending the visa-free travel policy for several countries. This initiative is expected to increase the number of inbound tourists and improve Mongolia’s overall accessibility.
Visa-Free Travel Extension: In a major policy shift, the Mongolian government has extended its visa-free travel regime until December 31, 2026. Citizens of 34 countries, including most European nations, Australia, and New Zealand, will be able to visit Mongolia for up to 30 days without needing a visa. South Korean nationals are also granted an extended 90-day visa-free stay throughout 2026.
Streamlined Entry: Alongside the visa-free policy, travelers will benefit from the new digital arrival card system, which will be mandatory for international visitors by mid-2026. This system is designed to eliminate long queues at the airport and expedite the entry process.
4. Fleet Modernization
To keep pace with the growing number of international flights, Mongolia’s national carriers are modernizing their fleets. The updates are part of the “Soaring Skies” strategy, which aims to enhance Mongolia’s global connectivity.
MIAT Mongolian Airlines: MIAT has expanded its long-haul fleet by adding more Boeing 787-9 Dreamliners. These state-of-the-art aircraft will be used on long-haul routes to Europe and the newly launched Toronto route.
Hunnu Air: The airline is expanding its fleet by incorporating more Embraer E190 aircraft. These regional jets will help Hunnu Air expand its services to regional hubs in Central Asia and Western China, enabling more frequent and efficient connectivity.
5. Additional Flight Updates
In addition to the flagship routes, several other key updates are planned for 2026:
United Airlines (Newark to Ulaanbaatar): United Airlines will resume its seasonal non-stop service from Newark (EWR) to Ulaanbaatar (UBN) starting April 30, 2026. This will further enhance connectivity between Mongolia and the United States, particularly for travelers from the New York metropolitan area.
MIAT’s Year-Round Service (Singapore & Istanbul): As of January 2026, MIAT Mongolian Airlines has upgraded its Singapore route to year-round service. The carrier has also made similar changes to its Istanbul route, ensuring more consistent service on key international routes.
2026 Aviation Milestone Table
Event Date Impact
Air Transat Launch June 2026 First direct non-stop flight from Canada.
Visa-Free Extension January 2026 Covers 34 countries for the full year.
Digital Arrival Cards Q2 2026 Full transition to paperless immigration.
San Francisco Service Late 2026 Pending FAA Cat 1 certification (Targeted for Q4).
Conclusion: Why 2026 Is the Year to Visit Mongolia
Mongolia’s aviation expansion in 2026 marks a pivotal moment for the country’s tourism and global connectivity. The launch of new international routes, the modernization of fleets, and the strategic extension of the visa-free regime all signal the country’s growing ambition to become a leading tourist destination. As these developments unfold, travelers around the world can expect more accessible, efficient, and exciting travel options to Mongolia than ever before.
With direct flights from cities like Toronto, Singapore, and Newark, alongside improved infrastructure and digital innovations, Mongolia is well-positioned to welcome millions of visitors in the coming years. Whether you’re a first-time traveler or returning to explore more of Mongolia’s vast landscapes and rich history, 2026 is the year to experience everything this unique destination has to offer.

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Mongolia to Mark 820th Anniversary of the Great Mongol Empire www.montsame.mn

At its regular session on January 7, 2026, the government approved the composition of a working group tasked with coordinating preparations for the 820th anniversary of the founding of the Great Mongol Empire by Chinggis Khaan, to be commemorated in 2026.
As part of the anniversary commemoration, a wide range of nationwide activities will be organized to promote the history of the Great Mongol Empire, with events designed for different age groups. The theme and content of the anniversary will be prominently incorporated into the National Naadam festival program. Historical and cultural heritage content of the Great Mongol Empire will also be promoted internationally through Mongolia’s diplomatic missions abroad.
The working group will be chaired by Deputy Prime Minister and Chair of the National Naadam Organizing Committee Gankhuyag Khassuuri, and will include representatives of the State Great Khural, the government, and officials from relevant ministries, agencies, and other public institutions.

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Parliament Supports Solar Ger Initiative Under New Regulatory Reforms www.montsame.mn

 Under the Parliament Speaker’s “Choloolye” red-tape reduction initiative, Mongolia is streamlining approval procedures that previously required up to 15 procedural steps and an average of one year for a single household to install a solar panel. A Parliamentary Resolution formalizing these reforms was adopted last month.
Aligned with the 2026–2030 National Development Policy, the Investment Program, and the Government’s 2024–2028 Action Program, a flagship policy under this reform is the “100,000 Solar Gers” Initiative, which aims to equip 100,000 ger-area households by 2035 with integrated solar panels, electric heating, and battery storage systems.
The initiative applies a multi-step, systems-thinking approach that addresses not only technology selection and feasibility, but also:
simplified grid connection for solar and battery systems of up to 20 kW, using standardized designs without the need for individual technical specifications;
quarterly payments for surplus electricity supplied to the grid;
grid connectivity and related technical bottlenecks;
monitoring, reporting, and verification (MRV) systems and access to carbon markets; and
blended financing solutions tailored to different household income levels.
To fast-track implementation, Chingeltei district has been selected as a regulatory sandbox, enabling streamlined permitting, grid connection, financing, and implementation models to be tested and scaled over the next two years.
The initiative marks a concrete shift toward a low-carbon, people-centered energy transition - cutting bureaucracy, improving air quality, and transforming households into clean-energy producers.

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Mongolia to purchase 710 thousand tons of gasoline from Russia www.open.kg

The Deputy Minister noted that this month an agreement was confirmed with the Russian oil refinery in Angarsk. He also added that the consumption of petroleum products in Mongolia increases by about 30% annually. Despite the fact that supplies from Russia remain stable, it was decided in January to increase the volumes by 60%.
As of January 5 of the current year, the supply of petroleum products in Ulaanbaatar is at a stable level. The ministry has begun work on accumulating a 20-day supply of AI-92 and AI-95 gasoline. There are no issues with diesel fuel supplies, and its volume at the beginning of 2026 is 197 thousand tons.

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Ulaanbaatar to Install 11.7 km of Storm Drains at 19 Sites www.montsame.mn

This year, the Geodesy, Water, and Construction Facilities Authority Municipality-Owned Enterprise will install 11.7 kilometers of road stormwater drainage networks at 19 locations in the capital city, funded by the Ulaanbaatar city budget.
According to the Governor’s Office of the Capital City of Ulaanbaatar, as part of works at the Selbe and Sharkhad sub-centers, 7.2 kilometers of groundwater drainage networks will be installed at two locations. The following works are also planned:
·         In the territory of Khoroos 13 and 14 of Sukhbaatar district, construction will begin on a five-tier water reservoir system with a capacity of 1.3 million cubic meters, covering a 21.7-hectare floodplain area, to store floodwaters of the Selbe river.
·         At 28 locations, 48,000 cubic meters of silt and sediment will be removed from flood protection facilities to ensure normal operation of flood channels.
·         Cleaning works will be carried out on 4,034 catch basins and 4,171 inspection manholes along 217 kilometers of road, stormwater, and groundwater drainage networks across six districts of the capital.

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