Crowd Credit provides debt capital to peer-to-peer lending platforms, balance sheet lenders, microfinance institutions, leasing/factoring originators or infrastructure, renewable, development projects through its crowdfunding platform based in Japan.

Ard Credit is a publicly listed non-bank finance company licensed by the Financial Regulatory Committee of Mongolia. It is a flagship of Ard Financial Group – a full-service financial holding company. Ard Credit was set up in April 2011 with the goal of providing access to inclusive financial services to Mongolians by leveraging the potential of innovative technologies.

Both organisations will be represented during MFC Annual Conference 2019 in Istanbul starting next days. Meet Ard Credit and Crowd Credit at the Speed Networking Session and Social Investors and Technology Fair!

According to the ministry on Tuesday, it obtained a transcript of the alleged broker mentioning encounters with Ambassador Chung Jae-nam while explaining the details of procuring a visa to South Korea, including associated costs and likelihood of obtaining the document.

Chung is suspected of colluding with the broker and illegally intervening in the South Korean government's visa application review process.

The Federation of Korean Trade Unions representing workers at overseas missions also requested the ministry probe allegations that Chung verbally abused embassy employees, including an incident where he screamed at employees while questioning the whereabouts of leftover food from an event in March.

The incident apparently led to Chung forcefully reassigning the employee in charge of the event.

The diplomat is also accused of misappropriating the embassy budget for personal expenditures.

The airline will provide the service every Monday and Tuesday with a Boeing 737; the travel time will be three hours and 20 minutes.

Established in 1997, SCAT serves over 33 domestic and international destinations with 18 aircraft.

The direct flights between Kazakhstan and Mongolia will support the development of relations and cooperation between the two countries, particularly, in the tourism and business sectors.

According to MBF, there is no way but to acknowledge the fact that there is a need for professional workers in the construction sector. The scope of construction is expanding much further this year in specific as the Government budgeted MNT 1.6 trillion, which is five times higher than in 2017 and doubles the amount of 2018. “The companies are still offering jobs for professional staff; however, the availability of professional labor remains low. There are several reasons for this. For example, the Mongolian labor force in the Republic of Korea has been increasing constantly. We are also working to train young graduates in vocational training and industrial centers, and improve their skills,” addressed a spokesperson of MBF.

49,300 Mongolians are currently living and working in South Korea. In 2014, 64,900 Mongolian citizens had a travel visa to South Korea, which then increased to 108,100 in 2017. Secondly, the labor interests towards the mining industry are causing a decline in construction due to higher labor value and other factors.

There is a lack of sustainability in the construction sector, which is seasonal and stops in the winter. Therefore, the construction workforce creates brigade and it is difficult to build human resources. In particular, construction workers are rarely official. Most of them are temporarily contracted. About 12,000 people graduate from vocational schools, of which 40 percent are working in the industry, according to a survey conducted by MBF.

An official study says over 90,000 people work in the construction sector; however, some studies show that less than 60,000 people are employed. This sector is seasonal, so it is difficult to clearly indicate the number of employees. For this reason, it is hard to train employees and to work with sustainable settlements.

The latter received Ambassador Extraordinary and Plenipotentiary of the Portuguese Republic to Mongolia, Mr. Jose Augusto Duarte, Ambassador Extraordinary and Plenipotentiary of the Kingdom of Spain to Mongolia, Mr. Rafael Dezcallar de Mazarredo, Ambassador Extraordinary and Plenipotentiary of the Swiss Confederation to Mongolia, Mr. Bernardino Regazzoni, and Ambassador Extraordinary and Plenipotentiary of the Republic of Croatia to Mongolia, Mr. Dario Mihelin, in this regard.

President Battulga welcomed the ambassadors to Mongolia and encouraged them to make efforts towards developing economic, social, and people-to-people relations with Mongolia from Beijing.

During the one-on-one meetings, President Battulga exchanged views with the ambassadors on ways to fully utilize the opportunities for cooperation in the sectors of food, agriculture, light industries, tourism, and energy. President Battulga also gave brief information on certain projects that are ready for implementation in the above-mentioned sectors and expressed his readiness to connect them with the corresponding officials and support their cooperation with the government.

Putin has already greenlighted the project, Kommersant reports, citing a letter from the presidential aide, Andrey Belousov. The adviser to the Russian leader suggested creating a business-plan for the hub to prove its efficiency. The document is reportedly set to be reviewed by the government by September 1.

The construction of the port in the region has been under consideration since the 2000s.

An additional terminal for passengers and cargo is under construction in the same area, in the coastal town of Pionersky.

The new port could potentially attract a cargo base using the federal government support, Mikhail Burmistrov, CEO of INFOLine-Analitika told Kommersant. The analyst stressed, however, that it may still face some difficulties in finding investors.

Sustainable Development Goal 4 aims to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all. Director of the UNESCO Beijing Cluster Office Ms. Marielza Oliveira noted that education is key to achieving all the SDGs. She highly appreciated Mongolia’s achievement in education sector and expressed gratitude for introducing new approach to educational services suitable for herders. In her presentation, Ms. Marielza Oliveira highlighted the link between progress in education and sustainable way of living, poverty reduction and economic growth that does not leave anyone behind. Investing in education will help raise climate change awareness, prevent violence, reduce crime, improve health, nutrition and gender equality, innovate and transform economies, providing skills for green jobs. For education to be transformative in support of the new sustainable development agenda, ‘education as usual’ will not suffice, she noted.

Minister of Education, culture, Science and Sports Yo.Baatrabileg delivered presentation on ‘Challenges and Implementation of the SDGs’. As reflected in the Government Action Plan for 2016-2020, Mongolia aims to provide every child with preschool education, develop secondary education system in line with international standards, ensuring quality, improve the vocational education and higher education system and develop lifelong education system. He also emphasized that Mongolia’s investment in early childhood education is among the highest rate in the world, according to the global report by UNICEF ‘A world Ready to Learn’. However, children of remote rural areas, suburban districts and newly settled residents still not fully enrolled in schools and kindergartens.

Following the presentations, representatives of the IPU member states shared the challenges they face in education sector, measures taken in this regard and their experiences in reducing poverty through education.

Ambassador Traian Hristea said “EU and Mongolia have traveled a long road over the past three decades. In 1989 when diplomatic relations were officially established between the two sides, EU was a small Union with no common currency, unified foreign policy or even a single market and Mongolia was on the threshold of democracy. The sides have established stronger partnership with common fundamental principles. EU is the third biggest trade partner of Mongolia although we are geographically very distant. As the Ambassador of EU to Mongolia, I will provide consistent support to the reforms of the judicial and legal systems and civil service, and develop projects mainly on promoting SMEs, ensuring inclusive growth through mining revenues, and combating climate change”

The event provided the public with an opportunity to get to know the EU member states through their tradition and culture, receive detailed information and advice on studying and travelling in the countries and getting Schengen visa, visit a trade fair of EU countries' entities, as well as to enjoy the countries’ cuisine and art performances. Moreover, during the event, information was given on over 20 EU-funded projects being implemented in Mongolia.

EU is Mongolia’s third neighbor, according to the Concept of Mongolia’s foreign policy. Thus, Mongolia has been working on intensifying its relations with EU and its member states in all possible areas. For instance, a meeting of the Ambassadors of EU member states has been taking place regularly in Ulaanbaatar since 2009. Establishment of the Office of the Delegation of the European Union to Mongolia in 2017 opened up an opportunity to elevate bilateral relations and cooperate more efficiently in many more areas.

The works to construct oil refinery in Altanshiree launched in June, 2018 and infrastructure constructions started. On May 24, 2019 the construction of 27-km railway between Sainshand and the construction site of oil refinery has been completed, reported D.Jigjidnyamaa, chief of Ulaanbaatar Railway JVC.

According to D.Jigjidnyamaa, the railway is to play an important role in supplying Mongolia’s fuel needs and is a start of the horizontal axis railroad.

Now, it will be continued by constructions of more infrastructure works, such as auto roads and towers and electrical cables of high tension along the railway. Soldiers of military unit No: 7780 are now working on the construction of 18.8 km high-capacity road.

During his rural trip, President Kh.Battulga visited the military unit No:7780 where he wished success to their works.