Ulaanbaatar /MONTSAME / ‘Made in Mongolia’ series of expo and business meeting will run this year, announced ‘Anglo Freight’ LLC, the initiator and organizer of the event. The company in collaboration with other relevant organizations organized ‘Made in Mongolia’ series of expo and business meeting twice in the US in 2015 and 2016, involving 20 national companies.
Ulaanbaatar /MONTSAME/ By the end of 2016, there are 141.5 thousand entities registered to the business registry of Mongolia. Almost half of the registered or 69.4 thousand entities are not operational. In 2016, a total of 1,527 companies or entities fully stopped their operations, reports the Business Registry.
Ulaanbaatar /MONTSAME/ “Foreign specialists agree that Mongolia is a paradise of solar energy. But only 2-3 percent of our energy production comes from renewable energy sources; many explanations can be mentioned in this regard such as economic difficulty and content tendencies based on Mongolia’s coal resources.
Ulaanbaatar /MONTSAME/ Construction of the sewage treatment plant in Sainshand, the center of Dornogobi (East Gobi) province, will commence in 2017, an official source told MONTSAME. The project costs USD 3.7 million, funded by the Asian Development Bank.
Ulaanbaatar /MONTSAME/ “Importance of the Silk Road” international conference completed on January 17 in Beijing. The two-day event attracted some 200 delegates, including high-ranking officials, diplomats and businesspeople from more than 30 countries.
Ulaanbaatar /MONTSAME/ The “Changemakers” club of economic journalists has organized a discussion on the implementation of the new Law on Value Added Tax. The event gathered some important figures, including the chairman of the General Department of Taxation, directors of public and private companies and university professors.
Ulaanbaatar /MONTSAME/ On January 19, Bank of Mongolia and Saving Banks Foundation for International Cooperation of Germany established a memorandum of cooperation.
Ulaanbaatar /MONTSAME/ On January 19, at a ceremony in Washington, Ambassador B.Altangerel and United States Trade Representative Michael Froman signed and exchanged letters certifying that the Mongolia and United States have completed their respective applicable legal requirements and procedures for the Agreement on Transparency in Matters Related to International Trade and Investment between Mongolia and the US of America to enter into force and agreed that the transparency agreement would enter into force in 60 days.
Ulaanbaatar /MONTSAME/ “20,000 households will be able to consume renewable energy now. This reduces carbon dioxide emission by 14,764 tons per year”, said B.Mandalbayar, CEO of Solar Power International LLC as Mongolia’s largest solar power plant opened in Darkhan-Uul aimag.
Ulaanbaatar /MONTSAME/ The fourth Chinese foreign investment forum “Importance of Silk Road” was held on January 16-17 in Beijing. China. Over 10 representatives from Mongolia, including Minister of Road and Transport Development D.Ganbat, officials of Ministry of Foreign Affairs, the Mongolian National Chamber of Trade and Commerce and business people attended the forum.
Ulaanbaatar /MONTSAME/ During its regular meeting on January 18, the Cabinet decided to adopt a resolution to realize ‘Gold II’ national program. A working group to ensure the implementation on national level will be formed with Minister of Mining and Heavy Industry as head.