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 National Information Technology Park aims to encourage cooperation between IT incubator companies and small and medium enterprises. On February 16, a meeting, involving some SMEs was organized targeting to it.
Ulaanbaatar /MONTSAME/ On February 10, forum under the theme “Current state and prespectives of the Mongolian economy" was co-organized by Bank of Mongolia and National University of Mongolia upon the initiative by the Economic Research Institute of Mongolia.
Ulaanbaatar /MONTSAME/ On February 14, The Mongolian National Chamber of Commerce and Industry and East-Siberian Chamber of Commerce and Industry co-organized a meeting involving businesspeople from Mongolia and Russia.
Ulaanbaatar /MONTSAME / Foreign trade turnover reached to USD705.5 million as of January 2017 after a growth of USD177.4 million or 33.6 per cent compared to the same period of 2016, reported the Ministry of Foreign Affairs. The Foreign trade turnover of USD8.3 billion in the year of 2016 was lower by 2.3 percent than in 2015.
Ulaanbaatar /MONTSAME/ On February 20, Ulaanbaatar City Mayor’s Office and Ulaanbaatar Chamber of Commerce will co-organize a business forum under the theme ‘Ulaanbaatar Investment – 2017’.
Ulaanbaatar /MONTSAME/ On February 10, at its plenary meeting, the closing session of Parliament discussed the matter concerning the purchase of Russian Rostech-owned 49 percent of Erdenet Mining Corporation by the Mongolian Copper Corporation, and issued a resolution on some measures to be taken regarding the copper plant.
Ulaanbaatar /MONTSAME/ Bank of Mongolia approved a regulation on financing apartment mortgage on November 25. Today, a cooperation agreement was signed between the Bank of Mongolia, the Government, Mongolian Mortgage corporation, Xac Bank, Ulaanbaatar City bank, National Investment bank, Khan bank and Golomt Bank with a view to ensure stable continuance of the program on apartment mortgage loan with annual 8 percent interest.
Ulaanbaatar /MONTSAME/ The Agricultural Exchange and “Mongolian Transport Union” LLC signed a Memorandum of Understanding on February 10. The MoU will govern the relations between the parties, suppliers and consumers, and regulates that the agricultural goods will be transported into and out of storages on insured trucks that meet the international standards.
Ulaanbaatar /MONTSAME/ Mongolian National Chamber of Commerce and Industry conducted its annual survey titled ‘Business trust index – 2016’ to find that about 40 percent of Mongolian businesses are unsure about intensifying their activities.