“The expansion of Olon Ovoot border crossing station will help increase income from coal and employment in Mongolia”, remarked Mr D.Ganbat, Minister of Road and Transport Development when he attended on Thursday an official inauguration ceremony of an expanded terminal built at Olon Ovoot border crossing station in Dornogobi province.
Mongolian national manufacturer “Best Buidan” Company is producing more than 15,000 sofas and 2,000 other furnitures per year, while partnering with China’s “Hebei Chang An Plastics”, “Hong Yan Leather” and “OuNuoYa Textile” and Russia’s Viniltex and Lumitex companies.
A young mongolian girl in her early twenties created natural cosmetics brand for modern urbanized society. “Goo” (Beauty) brand of “Burkhanlig goo saikhan” (Godly beauty) company is already well known in Japan and the US.
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.