Economics

Mar 24, 2017 |
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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.

Feb 21, 2017 |
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Ulaanbaatar /MONTSAME/ On February 21, Bank of Mongolia held its regular foreign exchange auction and bought USD16.0 million with a closing rate of MNT2482.00.

Feb 21, 2017 |
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Ulaanbaatar /MONTSAME/ On February 17, Ulaanbaatar Railways JSC (UBTZ) and Northern Railways LLC signed a memorandum of understanding to progress a number of key commercial agreements required to support construction funding of the Erdenet to Ovoot Railway. These include the commercial terms upon which the Erdenet to Ovoot Railway users can access the UBTZ line to move freight through to end markets in Mongolia, south to China or north to Russia.

Feb 21, 2017 |
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Ulaanbaatar /MONTSAME/ Economic Partnership Agreement between Mongolia and Japan entered into force in June, 2016 and as a first result of the agreement trade turnover has been growing.

Feb 21, 2017 |
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Ulaanbaatar /MONTSAME/ Tavantolgoi JSC, listed on the Mongolian Stock Exchange (MSE), has released its annual report for 2016.  The company made revenue of MNT 176.5 billion, and net profit of MNT 54.04 billion in 2016.

Feb 20, 2017 |
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Ulaanbaatar /MONTSAME/ Soft loan to be given to Mongolia from the International Monetary Fund will have less than 2 per cent interest and the interest will be calculated with a floating interest rate. The Government of Mongolia and Bank of Mongolia have reached a staff-level agreement with the International Monetary Fund on three-year Extended Fund Facility (EFF) program for USD 440 million and the parties called a press conference  on February 19.

Feb 20, 2017 |
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Ulaanbaatar /MONTSAME/ The Ulaanbaatar City Administration, in cooperation with the UB Chamber of Commerce (UBCC), organized today, February 20, the Ulaanbaatar Investment 2017 business meeting, attracting about 800 representatives of public and private sectors at the Shangri-La Hotel of Ulaanbaatar.

Feb 20, 2017 |
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Ulaanbaatar /MONTSAME/ Implementation of the Apartment mortgage program will be shifted to the Government from Bank of Mongolia starting 2018. Within the Extended Fund Facility program, the International Monetary Fund recommended to transfer the program implementation to the Government as the program is related to budget issues.

Feb 20, 2017 |
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Ulaanbaatar /MONTSAME/ The Government of Mongolia and Bank of Mongolia have reached a staff-level agreement with the International Monetary Fund on three-year Extended Fund Facility (EFF) program for USD 440 million. Among several arrangements to be made in the scope of the program, 7 types of taxes will be raised to increase budget revenue, according to Finance Minister B.Choijilsuren. Those include:

Feb 19, 2017 |
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Ulaanbaatar /MONTSAME/ The Government of Mongolia and Bank of Mongolia have reached a staff-level agreement with the International Monetary Fund on three-year Extended Fund Facility (EFF) program for USD 440 million.

Feb 17, 2017 |
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Ulaanbaatar /MONTSAME/ The Ulaanbaatar Investment 2017 Forum is to kick off on Monday, February 20. Deputy Mayor P.Bayarkhuu informed about the organization of the forum today at the UB City Press Center.

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