The Ulaanbaatar City Administration, in cooperation with the UB Chamber of Commerce (UBCC), organized February 20, the Ulaanbaatar Investment 2017 business meeting, attracting about 800 representatives of public and private sectors at the Shangri-La Hotel of Ulaanbaatar.
With an aim to provide healthy and safe food products to the public and to ensure the regular distribution of raw materials to manufacturers, the Government of Mongolia has launched the first “Meat and Milk” campaign throughout the country on January 1.
Mongolia now has a steel ball manufacturing plant opened at Darkhan Metallurgical Plant. The plant, which operates with the world leading technology, is fully automated and eco-friendly.
Buildings with non-flammable, waterproof and fiber-alike sound and heat resistant ‘magical’ walls have become ubiquitous in Ulaanbaatar, the capital of Mongolia. It’s because Mongolians have been extracting stone wool from basalt stones comprised of magmatic crusts of a volcano and manufacturing building materials from it.
Even though it has been only 5 years since the MR leather bags brand of the Mongolian “SRB” was founded, its products have been already popular among the consumers from Mongolia, Japan, South Korea and Taiwan.
Just a few days before the New Year, the government issued the regulation on granting the electricity discount to Ger district households. This is the effective measure against heavy air pollution in Mongolia’s capital city to encourage residents to heat their homes with electric heaters instead of coal or other flammable material that is often toxic.
5. New VAT Law takes effect to combat shadow economy
The revised Value-added tax law adopted by Mongolian Parliament in July 2015 came into effect on January 1, 2016.
1. Mongolian People’s Party wins General Election by a landslide
The day of the General election, June 29 saw a 72.1 percent voter turnout and a landslide victory of Mongolian People’s Party (MPP).
In support of national brands, the MONTSAME national news agency is presenting the EXCLUSIVE brand striving to make a debut on the world market with “Made in Mongolia” label and to develop import substitution industrialization.
On Tuesday Prime Minister Mr J.Erdenebat attended the trade fair named “Dealing with economic challenges through promoting national production”.