“This package defines the major lines to develop cooperation between Russia and China in the nuclear industry for the next decades,” Rosatom said.

The initial agreements for the construction of the two units for the Tianwan nuclear site were inked in June 2018, when Russian President Vladimir Putin met his Chinese counterpart, Xi Jinping. It was earlier reported that works on the seventh 1,200-megawatt units are scheduled to start in 2021 and the launch was expected in 2026-2027.

Built in 2006 on the coast of the Yellow Sea, the Tianwan plant is one of the biggest joint projects of Russian-Chinese economic cooperation. The First two of its units, with a capacity of 1,000 MW each, were launched in 2007. Unit 3 began operations in 2017, and the reactor at the latest, fourth unit was launched at minimum capacity in September last year after the fuel loading had been finished ahead of schedule.

Moscow and Beijing have been broadening bilateral cooperation, including strengthening ties in the nuclear energy sector. In June, Russian and Chinese nuclear executives signed “the biggest package of contracts in the history of the two countries’ nuclear partnership,” according to Rosatom.

Apart from supplies of the power units, the package covered cooperation on a fast-neutron nuclear reactor currently under construction in China (also known as the CFR-600 fast reactor pilot project) and supply of the Radioisotope Thermoelectric Generator parts for China’s lunar exploration program.

The issuer plans to use at least 90 percent of the net proceeds from the offering to purchase mortgages with recourse and the remaining portion for general corporate purchases.

Mayer Brown has advised on a number of transactions for Mongolian issuers and the Mongolian government, and has won a number of awards in connection with those deals.

The Mayer Brown team was led by Corporate & Securities partner Jason T. Elder (Picture) and included: Corporate & Securities – partner Thomas Kollar, counsel Leslie Cruz (Washington), foreign registered lawyers Karen Chong and Joo Park (both Hong Kong), associate Thomas De Gregoris (Chicago), corporate finance officer Sean Su (Hong Kong), and Tax Transaction & Consulting – partners Jason Bazar and Jared Goldberger, and associate Brennan Young (all New York).

The move aims to end “ghost voting” and increase lawmakers’ turnout for parliamentary sessions, said the secretariat.

Ghost voting is an illegal practice when some lawmakers cast electronic machine ballots for their absent fellow members. It is widespread in the 76-seat parliament of Mongolia. This has raided public criticism.

The regular spring session of the Mongolian parliament is scheduled to open on 5 April.

Polymer bitumen will be domestically produced by the Aashto LLC, which is introducing the technology for producing euro-standard polymer modified bitumen suitable for geographical features and climate conditions of Mongolia. The 40 degrees Celsius heat resistant polymer bitumen, jointly studied by specialists of Mongolia, Russia, Italy, and Germany, can withstand temperatures from minus 46 to plus 68 degrees Celsius and its load limit is three times higher than the one used in current roads.

About the product, Director of the new plant N.Enkhtur said “We are endeavouring to elevate quality of our roads to European standards. Roads made with our asphalt would last two times longer compared with the current paved roads. The product has been tested at research institutes in Canada, Kazakhstan, and Russia”

Minister of Road and Transport Development B.Enkh-Amgalan attended the ceremony. “The time saving, improved technology brings significant change and new solution to the road sector of Mongolia” said the Minister, wishing success upon the Mongolian and foreign specialist took part in the product development and employees of the plant.

Constructed and equipped in six months, it will prepare coals of Erdenes Tavan Tolgoi JSC and export them to Asian and European markets. Moreover, there is an opportunity to wash brown coal of Shivee Ovoo coal mine, raising its value.

Facebook (FB) announced Thursday that Chris Cox, most recently its chief product officer, and Chris Daniels, who was in charge of WhatsApp, are both leaving the company.
Shares of Facebook dipped as much as 2% in after hours trading Thursday following the news.
"While it is sad to lose such great people, this also creates opportunities for more great leaders who are energized about the path ahead to take on new and bigger roles," Mark Zuckerberg, Facebook's cofounder and CEO, wrote in a note announcing the departures.
Cox, in particular, has been a longtime fixture at the company and Zuckerberg's right-hand man. He joined Facebook in 2005, shortly after it launched, and helped build the News Feed. As part of a broader reorganization last year, he was put in charge of Facebook's "family of apps," including Instagram, WhatsApp and Messenger.
In an internal post Thursday announcing his departure, Cox alluded to Facebook's recently announced plans to put privacy first by emphasizing private, encrypted and ephemeral conversations across its products.

Facebook says it's resolved outage issues and denies attack
Facebook says it's resolved outage issues and denies attack
"As Mark has outlined, we are turning a new page in our product direction," he wrote in post shared on his personal Facebook page. "This will be a big project and we will need leaders who are excited to see the new direction through."
In a filing with the Securities and Exchange Commission Thursday, Facebook said Cox intends to leave after a brief transition period.
For years, Facebook was known for having a remarkably stable executive bench. But in recent months, the company has lost its chief security officer, its top policy and communications exec, both founders of Instagram and the CEO of WhatsApp.
Daniels, who previously ran Facebook's affordable internet initiative, only took over WhatsApp less than a year ago, after WhatsApp cofounder Jan Koum stepped down as CEO amid a reported clash over Facebook's approach to personal data and encryption.
The steady drip of executive departures come amid a bruising two year period in which Facebook has faced criticism for its data privacy practices as well as stories about fake news, election meddling and filter bubbles.

A spokesperson of the IAAC addressed, “The survey attempts to bring to light the main issue for entrepreneurs and review recorded corruption cases. The IAAC needs to cooperate with private entities, public organizations, and civil societies to abolish corruption. Anti-corruption activities are perceived as a concern of particular organizations and specialists. However, everyone's involvement will be crucial in realizing actual results. The survey aims to see where the risk is so that we can take preventive measures.”

According to the study, corruption cases were noted in key positions that grant special permits and licenses. In terms of organizations, corruption is highly associated with professional inspection and tax authorities.

Business people perceived the current tax rates as high
According to the IAAC, the majority of business people perceived the current tax rates as high. Officials at the discussion highlighted that high taxes cause taxpayers to avoid taxes in order to increase their profits, which then leads public servants to become dependent on corruption. The problem is that bribery still exists because civil servants are abusing their power to pay taxes.

In the beginning of the meeting, Mr B.Choijilsuren noted Mongolia’s economy has been improving favourably and budget revenue targets have been surpassed in the first two months of 2019; he expressed his hope that this positive performance would last for the rest of the year. The MP also noted that the second and third-stage financing of the World Bank’s USD 440 million fund to be provided under the Extended Fund Facility (EFF) need to be disbursed according to the agreement; this is because the Government of Mongolia is required to take major policy measures to reduce any fiscal imbalance and exchange rates even though the budget revenue is above target.

For his part, Mr. Deepak Mishra said the second stage tranche is under preparation as Mongolia has already accomplished five out of the required 10 policy actions and four of the remaining five can be accomplished in the first quarter. The World Bank delegation is visiting Ulaanbaatar for two days (14-15 March).

The Vice President expressed his gratitude to the Mongolian Government on Mongolian peacekeepers' special contribution to building peace and stability in the Republic of South Sudan. During the meeting, the sides talked over developing cooperation in agriculture and education.