1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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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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ADB introduces new strategy to help Mongolia recover from COVID-19 www.xinhuanet.com

(Xinhua) -- The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Mongolia covering 2021-2024 to help the country recover from the COVID-19 pandemic, local media reported on Tuesday.
The new strategy also lays a resilient foundation for inclusive and sustainable growth, the report cited the bank's office in the country as saying.
In the four years, the ADB's operations in Mongolia will focus on three strategic priorities: inclusive social development and economic opportunity; climate-resilient infrastructure; and sustainable, green, and climate-conscious development, the bank said in a statement.
"ADB will build on the strong foundations of past engagement as a leading development partner, while innovating to boost the climate change response, strengthen the business environment, and ensure that the COVID-19 recovery drives lasting reforms in areas such as health and social protection," said Pavit Ramachandran, ADB country director for Mongolia.
"It will retain flexibility to continue to respond to COVID-19 and be ready for emerging priorities," he said.
The CPS is aligned with the Mongolian government's relevant plans to ensure COVID-19 recovery by boosting economic revitalization, job creation, and more inclusive and sustainable development, according to the bank.
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Heads of Mongolia-China intergovernmental commission meet virtually www.montsame.mn

On September 7, the heads of the Mongolian and Chinese parts of the Intergovernmental Commission for Trade, Economic, Scientific and Technical Cooperation held a virtual meeting.
Deputy Prime Minister of Mongolia S.Amarsaikhan and Chinese Minister of Commerce Wang Wentao took part in the meeting, and exchanged views on the progress of the implementation of the Protocol for the 16th meeting of the intergovernmental commission as well as timely issues.
Noting that bilateral trade turnover has increased compared with the same period of the previous year as a result of the focus put on reducing the effects of the coronavirus infection, ensuring normal bilateral trade and economic cooperation, the ministers agreed to actively cooperate to increase trade turnover to USD 10 billion. In order to achieve this goal, the sides agreed to take preventive measures against the spread of COVID-19, and increasing the flow of goods crossing through the main border checkpoints.
After presenting the measures currently being taken to strengthen infection prevention, Deputy Prime Minister S.Amarsaikhan put forth the suggestion to significantly increase the number of coal trucks entering through the Gashuunsukhait-Gantsmod, Shiveekhuren-Sekhee border checkpoints, and to reach an agreement on the procedure of containerized transportation.
In turn, Chinese Minister of Commerce Wang Wentao expressed that he will pay attention to the suggestion put forth by the Mongolian Deputy Minister in order to resolve issues related to importing cargo that have accumulated at Tianjin Port, increase the number of trains going between Zamiin-Uud and Erlian stations, and restore the export of non-mining products crossing through the Zamiin-Uud border checkpoint, and that the corresponding organizations of China will be urgently informed about the matter.
Moreover, relevant organizations of the two countries agreed to actively cooperate to accelerate the implementation of projects financed with non-refundable aid and soft loans.
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China willing to buy more mineral, agriculture products from Mongolia www.reuters.com

BEIJING, Sept 8 (Reuters) - China is willing to buy more mineral and agriculture products from Mongolia and will work with it to ensure unimpeded trade across their border, China’s commerce ministry said.
Minister of Commerce Wang Wentao, in a video meeting with Mongolia Vice Premier Amarsaikhan Sainbuyan on Tuesday, said China pays high attention to border trade with Mongolia and will promote infrastructure connections to expand trade.
Amarsaikhan said he hoped China would increase the volume of goods crossing the border, import more non-mineral products and support cross-border container transport, the Chinese ministry said in a statement late on Tuesday.
China mainly import coal, iron ore and frozen horse meat from Mongolia.
Mongolia is one of China’s main coking coal suppliers, especially after Beijing stopped coal imports from Australia in December last year.
In the first seven months of 2021, China bought 8.84 million tonnes of coking coal from Mongolia, about 34% of China’s total imports.
However, coal shipments have slowed since April due to the resurgence of COVID-19 in Mongolia, with coal cargos falling to less than 200 in August from more than 800 in the same period in 2021.
China’s coking coal prices gained 90% over the past five months and hit a record high of 2,971 yuan ($459.71) per tonne on Tuesday, on concern about a supply crunch. ($1 = 6.4627 Chinese yuan) (Reporting by Muyu Xu and David Stanway Editing by Robert Birsel)
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5.0 magnitude earthquake recorded in Tuv aimag www.montsame.mn

A 5.0 magnitude earthquake has been recorded approximately 18 km northeast of Jargalant soum, Tuv aimag.
The quake struck around midnight at 0.50 am today on September 8. Residents of Tuv, Bulgan, Selenge, Darkhan-Uul, and Orkhon aimags as well as Ulaanbaatar city have reported having felt tremors, reports the National Emergency Management Agency.
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COVID-19: 3,677 new cases, six deaths reported www.montsame.mn

The Ministry of Health reported today, September 8 that 3,677 new cases of COVID-19 have been detected in the past 24 hours. More specifically, 1,469 new cases were detected in the capital city, with 2,208 cases in rural regions.
As of today, the total number of confirmed COVID-19 cases in Mongolia now stands at 243,719. In the past 24 hours 3,392 patients have made recoveries.
Furthermore, six new COVID-19 related deaths have been reported, raising the country’s death toll to 982. Currently, 19,440 people are receiving hospital treatment for COVID-19 whilst 29,639 people with mild symptoms of COVID-19 are being isolated at home.
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Mongolia reported 3,963 new cases of COVID-19 www.akipress.com

Mongolia reported 3,963 new cases of COVID-19, the Health Ministry said on Sept 7.
1,383 new cases were detected in the capital city, 2,580 cases in rural regions.
The total number of confirmed COVID-19 cases in Mongolia now stands at 240,042.
8 deaths have been reported, raising the country’s death toll to 976.
20,439 people are receiving hospital treatment for COVID-19 whilst 29,639 people with mild symptoms of COVID-19 are being isolated at home.
3,560 patients recovered in a day.
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EBRD and XacBank support Mongolia’s dairy producer Suu Milk www.ebrd.com

The European Bank for Reconstruction and Development (EBRD) and the local lender XacBank are contributing to the development of dairy farming and processing in Mongolia by supporting the expansion of the country’s leading dairy company Suu Milk.
In a joint transaction, XacBank will be providing a local currency loan equivalent to US$ 4.8 million to Suu Milk, while 65 per cent of the risk on the loan will be assumed by the EBRD under a risk-sharing facility signed between the two financial institutions.
The funds will be used to finance the expansion of production capacity and the renewal of Suu Milk’s transport fleet, including the acquisition of new delivery trucks serving more than 2,500 nomadic herders across Mongolia. New ice cream, dairy production and packaging equipment will widen its range of products, extend their shelf life and raise food safety standards.
These improvements will lead to significant reductions in the consumption of energy and water. Suu Milk is also committed to adapting its operational policies and practices to provide new employment opportunities for women.
Technical assistance funded by the European Union helped Suu Milk improve its accounting and financial reporting practices and enhance the firm’s marketing.
Suu Milk is the oldest dairy company in Mongolia and was founded in 1958. It sources milk supplies from 19 collection points in the country and has more than 420 employees.
In Mongolia, the EBRD works to help build a diverse economy by developing the private sector and supporting infrastructure improvements. The Bank has invested more than €1.84 billion in 116 projects in the country since it started operations there in 2006.
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USD 115 million project to be implemented for renewing streets and roads in capital city www.montsame.mn

On September 6, the Presidium of the Citizens’ Representative Khural of the Capital City virtually convened to discuss matters such as the loan agreement for the project on sustainable roads and transport in Ulaanbaatar city.
The five-year project will be implementing measures aimed at comprehensively renewing the capital city’s streets and roads, and effectively planning the public transportation system.
With USD 115 million in total financing for the project, USD 100 million is planned to be financed through a foreign loan.
In the framework of the project, it is planned to widen the roads at Bayankhoshuu and Unur Khoroolol to four-lane roads, and turn the Narny Zam road into a four to six lane road. Furthermore, a special lane will be created for public transport, and a safe environment will be created for pedestrians and bikers. As the capital city’s Peace Avenue is currently over capacity by 3-4 times, the Narny Zam road is also planned to be extended in both directions by 4-6.9 km.
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BoM purchases 1.9 tons precious metals on August www.montsame.mn

On August 2021, the Bank of Mongolia purchased 1.9 tons of precious metal, raising the BoM’s total precious metal purchase of 2021 to 12.9 tons.
The figure shows that the amount of purchased precious metal decreased by 1.8 tons compared with the same period of previous year, reports BoM.
In August, the BoM branches in Darkhan-Uul and Bayankhongor aimags bought 109.5 kg and 162.1 kg of precious metals respectively.
The average price of BoM’s purchase of 1 gram of gold was MNT 163,323.50 on August.
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India mulls joining Russia’s Arctic LNG 2 project www.rt.com

India is in talks with the Russian energy giant Novatek to buy a 9.9% stake in the Arctic LNG 2 project, the Interfax news agency reported on Monday citing its sources.
According to people familiar with the matter, the purchase of shares is being discussed by Indian companies Oil & Natural Gas Corporation Limited (ONGC) and Petronet LNG.
India’s energy minister, Hardeep Singh Puri, said last week during Russia’s Eastern Economic Forum that “A number of new potential investments have been discussed, including Vostok Oil, Arctic LNG 2, petrochemical projects.” He added: “I am sure that in the coming months, all this will lead to a strengthening of relations between Russia and India, especially in the energy sector.”
The minister also said he sees the potential for increasing supplies of liquid hydrocarbons and gas from Russia to India.
Since 2018, Russia has been successfully shipping liquefied natural gas (LNG) to India as part of its mounting exports of energy resources to the country. Moscow has also invited New Delhi to explore potentially lucrative oil and LNG projects in the Arctic.
Novatek’s Arctic LNG 2 facility on the Gydan Peninsula includes the construction of three LNG trains, with a total production capacity of 19.8 million tons per year. The project is expected to be launched in 2023.
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