Mongolian Youth Federation (MYF) held the latest "ASEM Hour" media briefing on April 14, announcing that they are working as the national coordinator of 7th Model ASEM 2016. Organized on July 6-10 in Mongolia, this will be one of the side events of the 11th ASEM Summit that focuses on youths and students.
The 7th Economic Forum of Mongolia-2016 started on Wednesday at the State House under the motto “Lessons, challenge and solutions”.
Months have passed since giving back to people incentives of the Value added tax. Adopted by parliament in July of 2015, the law on the VAT incentive came into force from January 1 of this year.
Mongolian government has informed the Japanese side about the completion of required documentations for launching into force effectiveness of the Economic Partnership Agreement.
In its regular meeting, the government of Mongolia has made a decision to construct oil refineries which have the capability of processing 2.5 million tons of crude oil a year under a national goal of providing the domestic market with petroleum.
Fall in oil price at the world market is affecting a petrol price in Mongolia too. Retail gasoline price has been cut by 5 cent in Ulaanbaatar city, and by up to 4 to 20 cents in localities.
The President of Mongolia Mr Elbegdorj returned home on Monday after participating in the 46th World Economic Forum, held in Davos, Switzerland, under the theme “The Fourth Industrial Revolution”, from 19th to 23d of January.