Ulaanbaatar /MONTSAME/ The Ministry of Finance of Mongolia and World Bank launched an Export Development Project on March 24. The project is aimed to help small and medium-sized enterprises in non-minerals sectors to strengthen their export capabilities and boost their access to export markets.
Ulaanbaatar /MONTSAME/ The ministry of Road and Transportation Development has started examination on all railway freight forwarding companies regarding their implementation of relevant laws, regulations, rules and meeting standards and requirements.
Ulaanbaatar /MONTSAME/ Law on Pledge of Tangible and Intangible Movable Property has entered into effect starting March 01, 2017. The purpose of the law is to regulate the rights and legal interests of the parties to transaction involving the pledge of movable and intangible properties.
Ulaanbaatar /MONTSAME/ First trade of the Year of Red Fire Rooster was held yesterday March 2. On the “I”, “II”, “III” classifications, a total of 34,844 shares of 21 companies were traded with a total of MNT 33 million 745 thousand 961,00 transaction.
Ulaanbaatar /MONTSAME/ The Bank of Mongolia and the People’s Bank of China have agreed to extend the local currency swap line during the meeting between Deputy Governor Lkhagvasuren Byadran and Deputy Governor Yi Gang on February 22, 2017 in Beijing, the People’s Republic of China.
Ulaanbaatar /MONTSAME/ The Economic Standing Committee of Parliament has established a working group to examine Bank of Mongolia activities in 2012-2016. The working group will hold examination from February 23 to April 30, inspecting results of its programs, projects and actions including ‘Price stabilization program’ as well as its loss, and make conclusion, said MP T.Ayursaikhan.
Ulaanbaatar /MONTSAME/ On February 23, Gobi Corporation and Erdenet Carpet Company were awarded the “State Gerege” - high state prize for best national developments. The ceremony was held this morning at the State House in Ulaanbaatar.
Ulaanbaatar /MONTSAME/ In January 2017, Mongolia traded with 99 countries and total trade turnover reached USD 705.7 million, of which USD 428.5 million were made up by exports and USD 277.2 million by imports.
Ulaanbaatar /MONTSAME/ At the end of January 2017, the non-performing loans at the level of the bank system reached MNT 1056.2 billion, up by MNT 4.5 billion (0.4 %) from the previous month and by MNT162.2 billion (18.1%) compared to the same period in 2016.
Ulaanbaatar /MONTSAME/ In January 2017, 1622.1 thousand tons of freight and 207.8 thousand persons (double counting) were carried by railway transport.
Ulaanbaatar /MONTSAME/. On February 21, a seminar was held at the National Chamber of Commerce and Industry to discuss the expansion of Mongolia-Japan trade in connection with bilateral Economic Partnership Agreement taking effect.