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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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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‘Princess Khutulun’ film to screen in Latin American countries www.montsame.mn

The Mongolian film ‘Princess Khutulun - In Search for the Golden Sutra’, co-produced by ‘Shuuder’ production and VOO broadcasting and media production company will be screened in countries in the Central and South American region.
The film will be released under the name, ‘Wrestler Princess’, in Spanish and Portuguese languages in Central American countries, such as Mexico, Honduras, Panama, and Nicaragua as well as certain countries in South America, including Bolivia, Brazil, Chile, Uruguay, Paraguay, and Suriname with exclusive rights, and in British Virgin Islands, Dominican Republic, Martinique, and Cuba non-exclusively.
It is the first time for a Mongolian film to be released throughout the Latin American region simultaneously.
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Mongolia required to improve investment climate in order to utilize mineral resources www.montsame.mn

According to a study carried out on making investments in the mining sector, 79 percent of the participants have answered that they are ready to invest in Mongolia due to its abundant mineral resources.
However, it was discovered that the country has yet to create the sufficient conditions for foreign investment as policy and institutional factors are weak. Furthermore, the study’s participants noted how there are certain factors that cause the most difficulties, such as the limited accessibility of geological information, slow court proceedings, availability of infrastructure, and human resources.
The study was commissioned by the European Bank for Reconstruction and Development in cooperation with the Ministry of Mining and Heavy Industry, and conducted by Adam Smith International.
The findings of the ‘Mongolian Mining Industry and Supply Chain – Investment Climate Benchmarking Study’ were presented during a workshop, ‘Foreign Direct Investment in Mining of Mongolia’, that took place on May 17.
Noting that it was a timely study, Deputy Minister of Mining and Heavy Industry O.Batnairamdal underlined its significance for pinpointing where the country’s mining sector ranks among other countries, and prioritizing the issues faced by investors and entities. He said, “The Law on Foreign Investment that was adopted by Mongolia in 1993 is currently being revised. As the prices of the main mineral products are high on the global market at the moment, it is possible for investments being made in the sector to similarly increase.”
In the last three decades, the mining sector has had a crucial role in Mongolia’s economy, making up 25 percent of the GDP and 70-75 percent of foreign investments.
Head of the European Bank for Reconstruction and Development (EBRD) in Mongolia Hannes Takacs noted the opportunity for Mongolia to attract foreign investment and grow its economy by using mineral resources, and highlighted that it is possible to increase the likelihood of investment by resolving issues related to matters such as taxes, special permissions, and licenses.
The workshop was also attended by mining sector experts, project team members, and representatives of companies and stakeholders.
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Appropriate mechanism needed for monitoring One Billion Trees national movement results www.montsame.mn

Today on May 17, Chief of Staff of the President’s Office Ya.Sodbaatar held a meeting with World Bank specialists led by the bank’s Regional Director for East Asia and Pacific Benoit Bosquet.
At the meeting, the sides exchanged views on expanding cooperation with the World Bank in the framework of the national movements, ‘One Billion Trees’ and ‘Food Supply and Safety’, initiated by the President of Mongolia.
Chief of Staff Ya.Sodbaatar expressed gratitude to the side of the World Bank for initiating consultative services and cooperating in developing the strategy and roadmap for the One Billion Trees national movement. During the meeting, they then held an extensive discussion on technical assistance, introduction of practices, and other types of support that could be provided by the World Bank in building the capacity of Mongolia’s forestry sector and developing agroforestry.
World Bank Regional Director for East Asia and Pacific Benoit Bosquet noted that the bank fully supports the objectives that have been set for the One Billion Trees national movement.
Underlining that the successful implementation of the One Billion Trees movement would increase the absorption of greenhouse gases in Mongolia alongside reducing its emission, the Regional Director highlighted the importance of introducing the appropriate mechanism for monitoring the results of the national movement.
He then informed that the objectives that have been set by the President of Mongolia for the issue concerning food supply and safety will be reflected in the projects and programmes being planned for the sector in Mongolia. The two sides agreed to focus on carrying out effective cooperative works and introducing a mechanism to assess its results, fully utilizing available resources and opportunities.
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Average house price increases in Mongolia's capital www.xinhuanet.com

The average price per square meter of newly constructed apartments in Mongolia's capital reached 3.2 million Mongolian Tugriks (1,028 U.S. dollars) at the end of April, up 19.7 percent year on year, data released by the country's National Statistics Office (NSO) showed Tuesday.
Meanwhile, the average price per square meter of an old apartment in Ulan Bator stood at 3.01 million Mongolian Tugriks (967.5 U.S. dollars) at the end of last month, up 25.5 percent from the same period last year, the NSO said.
The significant increase is largely related to the spike in freight rates due to border restrictions caused by the COVID-19 pandemic, and the ongoing Russia-Ukraine conflict, according to NSO experts.
Housing is one of the most pressing issues in Mongolia, especially in the capital city, home to over half of the country's population of 3.4 million. More than half of Ulan Bator's residents live in the city's ger districts, with no running water, central heating or sewerage systems.
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Mongolia reports 77 new COVID-19 cases www.akipress.com

Mongolia reported 77 new COVID-19 infections, according to the country's health statistics database as of May 17.
59 of them were found in Ulaanbaatar, and 18 cases were detected in regions of the country.
1 new linked death was reported during the past day, the death toll grew to 2,114.
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Mongolian band THE HU releases single 'This Is Mongol' www.arrowlordsofmetal.nl

Acclaimed Mongolian rock band THE HU has released a new single called “This Is Mongol” ahead of its second studio album, due later this summer via Better Noise Music. With “This Is Mongol”, as with all of THE HU’s music, the group connects the world to Mongolian culture and its unique core values of natural preservation and spiritual connection with the earth. These core values are on full display in the new, epic John Connor Hammond-directed video for “This is Mongol”, also released now.

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Food production sector to receive comprehensive state support www.montsame.mn

President of Mongolia U.Khurelsukh is working in the country’s farming region, and holding meetings with representatives of entities in the farming sector.
In aims of fully meeting domestic demands for the 19 types of main food products and accelerating the development of animal husbandry and farming in the country, the President of Mongolia recently initiated a national movement on food supply and safety.
In the framework of his working trip, the President became acquainted with the operations of ‘Mongolian Green Farmer’ LLC. Established in 2015, the company’s main operations include storage, sales, and rental services alongside the sales of meat, meat products, and vegetables.
Equipped with fully-automated technology and equipment, the company’s warehouse has a capacity to store 1,500 tons of meat and frozen products and 1,500 tons of fruits and vegetables. It is being planned to construct a warehouse with a capacity of 45 thousand tons in Ulaanbaatar city, introduced Executive Director Sh.Gurragchaa.
During the visit, CEO of Mongolian Warehouse Trade Association D.Erdenesaikhan also noted the necessity of long-term loans with low interest rates for entities that run warehouse operations.
Mongolia currently imports about 40 percent of its vegetables, which amounts to about 70 thousand tons.
By building a warehouse that has a capacity of 50 thousand tons, there are certain advantages such as harvests to be sold at reasonable prices, and for vegetable farmers to have a better estimate of their income and profits in autumn. In turn, this would create the appropriate conditions for imports to decrease, the prices of food products to stabilize, and household farming to develop, providing healthy food for people.
President of Mongolia U.Khurelsukh expressed that the state will provide comprehensive support for the sector’s operations.
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Steel industry emissions to decline 30% by 2050 — report www.mining.com

Steel industry’s carbon emissions are expected to fall 30% by 2050 compared to 2021 levels, according to a new report by Wood Mackenzie.
Steel is a challenging sector to decarbonise. However, evolving green steel goals are altering the supply landscape and steelmakers are under pressure from stakeholders to reduce their reliance on conventional (highly polluting) blast furnace route and adopt low-emission alternatives.
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“The global share of electric arc furnace (EAF) in steelmaking is rising with policy shifts and increasing focus on scrap use. Basic oxygen furnace (BOF) output will decline 0.5% annually until 2050, whereas EAF output could increase 2.3% yearly in the same period. By 2050, EAF will account for 48% of the technology share used in steelmaking, up from 30% last year, making it almost on par with the traditional BOF method,” Wood Mackenzie research director Malan Wu said.
“Together with green hydrogen-based direct reduced iron (DRI), scrap use and adoption of carbon capture, utilisation and storage (CCUS), steel industry’s carbon emissions can decline 30% from current levels by mid-century.”
The scrap-EAF route is the least polluting among available technologies. This makes scrap a sought-after metallic by steelmakers. Scrap blending will potentially increase in the blast furnace route with quality enhancements and converter retrofits. DRI will also receive a boost, primarily due to commercial adoption of the hydrogen-based route.
The steel industry is expected to commence hydrogen use as early as 2027, with EU taking the lead. Hydrogen-based steel production will eventually account for 10% of the total steel output or 232 million tonnes (Mt) by 2050. Wood Mackenzie projects that 40% of DRI produced by mid-century will be hydrogen-based.
Carbon offset measures such as CCUS will lend further support. Wood Mackenzie believes that the steel industry will be able to capture, store and potentially utilise around 178Mt of the residual emissions. This will make up 5% emission savings of the 30% carbon emissions decline by 2050.
“Blast furnace gas emissions are complex, and it is challenging to separate carbon from them,” Wu said. We assume that technological advancement and bulk efficiencies will allow a maximum capture rate of about 20-25% in advanced economies such as the US and EU.”
“Capture rates can be improved by increasing the reliance on smelting reduction technologies such as HIsarna and Corex, that produce top-gas with much higher carbon concentrations. This will make it easier to separate carbon from other impurities. However, these technologies have yet to prove their commercial viability, even after being deployed in Asia and Europe.”
China is expected to take the lead in reducing absolute emissions. Wood Mackenzie estimates Chinese emissions to halve between 2021 and 2050, and a major proportion of emissions reduction will come from the projected fall in steel output.
Mature economies such as Japan, Korea, Taiwan, EU, UK and US will need to do more to curb emissions as developing nations will be slow adopters and small contributors to emissions cuts. These economies will abate emissions by nearly 50% from current levels while maintaining or increasing their steel output.
India and Southeast Asia will in turn worsen their emission profile as their crude steel production rises through the BF-BOF route. The aggregate emission intensity in these regions will improve as production triples and carbon emissions will in turn double from current levels. Decarbonisation initiatives in these regions will intensify in the second half of the forecast horizon.
“The onus will be on mature economies to decarbonise quickly. These economies will look to pare down emissions by switching to EAF, which is three-quarters less emission-intensive than the blast furnace route,” Wu said.
India and Southeast Asia, the key demand drivers, will buck this trend as most capacity additions are via the BF-BOF route. However, nearly two-thirds of incremental supply between 2021 and 2050 will materialise from India and Southeast Asia – cushioning the negative impact on hot metal.”
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McDonald's to leave Russia for good after 30 years www.bbc.com

McDonald's has said it will permanently leave Russia after more than 30 years and has started to sell its restaurants.
The move comes after it temporarily closed its 850 outlets in March.
The fast food giant said it made the decision because of the "humanitarian crisis" and "unpredictable operating environment" caused by the Ukraine war.
The opening of McDonald's first restaurant in Moscow in 1990 came to symbolise a thaw in Cold War tensions.
A year later, the Soviet Union collapsed and Russia opened up its economy to companies from the West. More than three decades later, however, it is one of a growing number of corporations pulling out.
"This is a complicated issue that's without precedent and with profound consequences," said McDonald's chief executive Chris Kempczinski in a message to staff and suppliers.
"Some might argue that providing access to food and continuing to employ tens of thousands of ordinary citizens, is surely the right thing to do," he added.
"But it is impossible to ignore the humanitarian crisis caused by the war in Ukraine. And it is impossible to imagine the Golden Arches representing the same hope and promise that led us to enter the Russian market 32 years ago."
McDonald's said it would sell all its sites to a local buyer and would begin the process of "de-arching" the restaurants which involves removing its name, branding and menu. It will retain its trademarks in Russia.
The chain said its priorities included seeking to ensure its 62,000 employees in Russia continued to be paid until any sale was completed and that they had "future employment with any potential buyer".
McDonald's said it would write off a charge of up to $1.4bn (£1.1bn) to cover the exit from its investment.
It really is the end of an era. I was in the queue when the first Russian McDonald's opened on Moscow's Pushkin Square in January 1990 - way back in the USSR.
There were so many people outside the restaurant, it took three hours to get inside. But what a sense of excitement.
Those American burgers, fries and pies were a symbol of Moscow embracing the West. Hot food to help end a Cold War.
These are very different times. Russia and the West have lost their appetite for one another.
Russia's attack on Ukraine has sparked international condemnation and sanctions, turning Moscow into a pariah.
Meanwhile, the Kremlin - as it always does - points the finger back, accusing the West of plotting Russia's downfall.
Back in March lots of international companies announced they were pausing operations in Russia, hoping the situation would resolve itself and they could then reopen.
But McDonald's decision to sell up and pull out shows the fast food giant recognises things will not return to normal and that what the Kremlin calls its "special military operation" in Ukraine has changed things long term.
Big Macs are only the beginning. I predict we're going to see a lot more global brands leaving Russia.
The move comes after Renault announced it was selling its business in the country. The French firm said its 68% stake in carmaker Avtovaz would be sold to a Russian science institute, while its shares in Renault Russia will go to the city of Moscow.
Moscow said Renault's Russian assets had now become state property - marking the first nationalisation of a major foreign business since the invasion of Ukraine.
Last year, Russia and Ukraine accounted for about 9% of McDonald's global sales.
The chain's 108 restaurants in Ukraine remain closed due to the conflict but the company is continuing to pay full salaries to all its employees there.
McDonald's initially faced criticism for being slow to halt its business in Russia, with some calling for a boycott of the company before it suspended operations in March.
Hundreds of international brands, including Starbucks, Coca Cola, Levi's and Apple, have left Russia or suspended sales there since the country invaded Ukraine in February.
Other firms, including Burger King and Marks and Spencer, say they are unable to close stores due to complex franchise deals.
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14th Meeting of Mongolia-UK round table held www.montsame.mn

The 14th Mongolia-UK Round Table Meeting took place on May 12, 2022, in Ulaanbaatar.
The delegation of Mongolia was headed by Minister of Education and Science L.Enkh-Amgalan while the delegation of the United Kingdom (UK) was headed by Minister of State for Asia and the Middle East at the Foreign, Commonwealth and Development Office Amanda Milling.
Ministers recalled that Mongolia and the UK established diplomatic relations in 1963. They welcomed the continued progress in the Mongolia-UK bilateral relationship, reaffirmed their commitment to broadening this further, and set out their desire to negotiate a Partnership and Cooperation Agreement, to coincide with the 60th anniversary of diplomatic relations in 2023.
Trade, Economic, and Investment cooperation
Ministers welcomed the inclusion of Mongolia in the UK's 'Enhanced Framework Trade Preference Arrangements from January 1, 2021, and expressed their intention to engage actively to facilitate bilateral trade and economic cooperation.
They also welcomed the recent first visit of the UK Prime Ministers' Trade Envoy to Mongolia Daniel Kawczynski, and the recent agreement between Rio Tinto and the Mongolian government on the commencement of the underground phase of the Oyu Tolgoi project.
They noted the importance of an attractive business and investment environment in Mongolia and welcomed ongoing work on investment protection, legal reform, and combatting corruption.
Ministers welcomed the long-standing relationship between the London Stock Exchange and the Mongolian Stock Exchange and looked forward to furthering collaboration between respective financial institutions.
Ministers welcomed ongoing collaboration between the National Geological Office of Mongolia and the British Geological Survey, as well as efforts to introduce advanced technologies, equipment, and best practice to the fields of geology, mining, and heavy industry of Mongolia.
Education and Science cooperation
Ministers agreed to promote cooperation aimed at improving the education and assessment systems of Mongolia and enhancing the training capacity and English language skills of teachers, including through inter alia the Cambridge programme, the Chevening partnership agreement, and the Global Partnership for Education.
Climate, Energy, and Environment cooperation
Ministers welcomed the historic climate agreement reached at COP26 in Glasgow, which keeps the 1.5C goal alive, as well as global action on coal, cars, cash, and trees, and new net-zero commitments covering 90% of the global economy.
In this regard, Ministers welcomed President U.Khurelsukh’s attendance at COP26 and his pledge to protect forests and plant a billion trees by 2030.
Ministers agreed on the importance of full implementation of Nationally Determined Contributions, as well as greening the energy sector and increasing the use of renewable energy sources. In this regard, they welcomed the prospect of cooperation on hydropower opportunities in Mongolia.
Ministers welcomed mutual action to support an ambitious Global Biodiversity Framework at COP15. They also welcomed existing cooperation in combating the Illegal Wildlife Trade, including the Zoological Society of London's UK-funded projects in Mongolia to support these efforts and in conservation.
Transport Cooperation
Ministers looked forward to renewing in the near future a bilateral Air Services Agreement, to support transport links between the two countries.
The Ministry of Foreign Affairs
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