Webinar: Upcoming Procurements Opportunities for the Mongolia Compact Water Supply Project www.mcc.gov

The United States of America, acting through the Millennium Challenge Corporation, and the Government of Mongolia have entered into a Millennium Challenge Compact for Millennium Challenge Account assistance in the amount of $350 million USD to help facilitate poverty reduction through economic growth in Mongolia (the “Compact”). The Compact will assist the Government of Mongolia in alleviating an imminent water shortage and meeting the projected demand for water in the capital city of Ulaanbaatar for residential consumers and commercial and industrial users.

262 Mongolian nationals return from Australia and the Philippines www.montsame.mn

Ulaanbaatar /MONTSAME/. A charter flight, bringing Mongolian nationals from Australia and the Philippines, has landed today, June 8, at Chinggis Khan International Airport in Ulaanbaatar, Mongolia.

Mongolia to play Japan for Qatar 2022 FIFA World Cup qualifier www.news.mn

The Asian Football Confederation (AFC), in consultation with FIFA, has announced the proposed dates for the remaining matches of Round 2 in the FIFA World Cup Qatar 2022 and AFC Asian Cup China 2023 Asian Qualifiers which have been postponed due to the global spread of the COVID-19 pandemic.

Silk Road on steel wheels: China launches new cargo train route to Europe www.rt.com

The first freight train left Hefei, the capital of China’s Anhui Province, on Saturday for Tiburg in the Netherlands loaded with 82 containers. The route is part China’s ambitious One Belt One Road project.
Marking the launch of a new rail cargo service between the two cities, the train will travel for around 15 days before arriving at its destination, Xinhua news agency reported.

Mongolia reports no new COVID-19 case www.xinhuanet.com

June 7 (Xinhua) -- A total of 193 COVID-19 cases has so far been reported in Mongolia with no case recorded over the last 24 hours, the National Center for Communicable Diseases (NCCD) said on Sunday.

Mongolia to airlift around 250 its citizens from Australia www.akipress.com

The special flight will arrive in Ulaanbaatar from Sydney, Australia, on June 8, the operative team of the state emergency commission announced.

Light industry training centers established with EU funding www.montsame.mn

Ulaanbaatar /MONTSAME/ With financing of the European Union, “Industry of the Future” blended training center and “Textile - Knitwear Finishing Incubator Center” opened yesterday, on June 3. The centers are established within “Support to Employment Creation in Mongolia (SECiM 2) Project” jointly running by the United Nations Industrial Development Organization (UNIDO) and the Ministry of Food, Agriculture and Light Industry of Mongolia (MOFALI).

With the aims of empowering human resources of light industry sector, introducing international practices and increasing value of agricultural products, the training centers are relying on Armono, Research, Testing, Production and Business Corporation of Light Industry and Research and Development Institute of Light Industry.

At the opening ceremony of the centers, Minister of Food, Agriculture and Light Industry Ch.Ulaan emphasized the significance of state policy and training of skilled personnel for development of agriculture and light industry, which are pillar sectors of economy of Mongolia, and raise value of labor of herders and manufacturers.

Minister Ch.Ulaan continued, “Even though the food, agriculture and light industry sector, which makes up 55 percent of total employees of Mongolia and covers over 70 percent of the territory, especially leather and cashmere sector have abundant potential, we have been unable to fully use it. Raising value of hard labor of herders is one of the pressing issues of the sector. Mongolia puts 20 million livestock into economic circulation a year. It means 20 million pieces of skin and leather, 20 thousand tons of wool and around 10 thousand tons of cashmere come from it and we have the potential for processing these precious raw materials, producing final products and supplying to the market. Therefore, establishing Scientific Research and Training Center of Light Industry at the ministry has significant importance to train its personnel and increase manufacturing of science and innovation-based products.”

Ambassador of the European Union to Mongolia Traian Laurentiu said that in March 2018, together with UNIDO we launched the EU funded SECiM Project. It has achieved substantial results such as transferring international technology and knowledge complementing national expertise, improving quality of raw materials and products. I would like to emphasize the opening of the Industry of Future blended training center as one of the examples of institutionalizing e-learning programs, which have been developed and introduced by UNIDO for building capacity of the sector. Just last week, we signed with the Minister of Finance, the Financing Agreement for the Direct Budget Support Programme. The EU granted Mongolia over 50 million euros to support the employment. 43 million euros will be direct transfer to state budget and 7.8 million euros will be for a technical assistance project. The Secim 2 UNIDO and FAO projects will continue its good lessons learnt in this four year. Technical Assistance project to be delivered together by the United Nations agencies. The objective of this technical assistance is to continue our support to the Mongolian SMEs and businesses in creating more sustainable jobs by focusing on youth employment and TVET capacity building for youth.

Iron ore price rises to USD 68.4 per ton www.zgm.mn

Mongolia exported crude oil worth USD 24.8 million and imported USD 273 million of petroleum products in the first five months of 2020, which means the oil industry deficit reached USD 248 million. Fuel import contracted by 7 percent to 206,000 tons compared to the same period of the previous year. It plummetted by 20 percent to USD 101.8 million in price. Diesel fuel import decreased by 20 percent to 335,300 tons from a year ago, financially dwindled by 34 percent to USD 171 million. Domestic crude oil consumptions have been lowered predom-inantly due to the pandemic. Specifically, oil consumption has been deteriorated as a result of the suspension of export and obstacles in the mining industry, according to the fuel importers. Rosneft Oil Company decreased its border price of oil products supplied to Mongolia. On this subject, the retail price of AI-92 gasoline has been reduced by MNT 475 per liter, AI-80 by MNT 380, AI-95 by MNT 440, and diesel fuel by MNT 590 since March. PetroChina Daqing Tamsag LLC exports oil through the Bayankhoshuu border checkpoint, while Donshin Oil LLC exports by railway. Railway export has not been disrupted in the last few months. However, exports from the Bayankhoshuu border resumed after a period of disruption. Currently, there is no hindrance to exports, said the Mineral Resources and Petroleum Authority of Mongolia (MRPAM)

Trade deficit of petroleum totals USD 248 million as of May www.zgm.mn

Mongolia exported crude oil worth USD 24.8 million and imported USD 273 million of petroleum products in the first five months of 2020, which means the oil industry deficit reached USD 248 million. Fuel import contracted by 7 percent to 206,000 tons compared to the same period of the previous year. It plummetted by 20 percent to USD 101.8 million in price. Diesel fuel import decreased by 20 percent to 335,300 tons from a year ago, financially dwindled by 34 percent to USD 171 million. Domestic crude oil consumptions have been lowered predom-inantly due to the pandemic. Specifically, oil consumption has been deteriorated as a result of the suspension of export and obstacles in the mining industry, according to the fuel importers. Rosneft Oil Company decreased its border price of oil products supplied to Mongolia. On this subject, the retail price of AI-92 gasoline has been reduced by MNT 475 per liter, AI-80 by MNT 380, AI-95 by MNT 440, and diesel fuel by MNT 590 since March. PetroChina Daqing Tamsag LLC exports oil through the Bayankhoshuu border checkpoint, while Donshin Oil LLC exports by railway. Railway export has not been disrupted in the last few months. However, exports from the Bayankhoshuu border resumed after a period of disruption. Currently, there is no hindrance to exports, said the Mineral Resources and Petroleum Authority of Mongolia (MRPAM)

Mongolia's SMI shows upward tend in may www.zgm.mn

Mongolia’s Sales Managers’ Index (SMI) is moving upward to a positive trend in May, according to the World Economics. This was due to the rapid recovery in the Business Confidence Index last month. However, the index remains below 50 points. Other key indicators show a slight improvement in the Sales Growth Index, while the Jobs Index shows weak demand. Mongolia’s economy has been hit hard by the pandemic, which was triggered by a temporary stagnation in China’s economy. As China opens up its economy, and many factories become more able to produce at nearly full capacity, the economy of Mongolia is following suit and responding positively. There is some way to go before the trend lines indicate renewed growth, but all indexes suggest the economy is moving in a positive direction, highlighted the World Economics. Mongolia is ranked 81 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Mongolia deteriorated to 81 in 2019 from 74 in 2018.