Archive for April, 2008
Mongolia Targets 14pc Growth, Investments
Mongolia wants to achieve annual economic growth of 14 percent over the next eight years, powered by foreign investment and cheaper capital as it taps centers like Hong Kong, a government official said. All sectors of the resource-rich country, which borders Russia to the north and China to the south, are open to foreigners, Sedbazar […]
Flag Carriers Ask for Tax Exemption
Domestic airfare price might go up because price of plane gas, supplied by Russia, increased dramatically this month. MIAT Company used to purchase 1 ton gas for USD 1143 but now it has to pay USD 1355 due to price increase. Increase in plane gas price in Russia is related to petroleum price increase in […]
Price of a Saker Falcon is USD 10000
The Government has passed a resolution on a number of animals to be hunted for special purposes in 2009. Thus, for special purposes hunted will be 60 wild sheep, 200 mountain goats, 20 goitered gazelles, 100 dzerens, 50 antelopes, 100 gray wolves, and up to 300 game birds. Two brown bears will be hunted for […]
North Americans’ Attitude to the Mongolian Minerals Law
North American-Mongolian business meeting organized in Calgary of Canada last week. Mr. L.Gotov, Mongolian ambassador to Canada, and L.Bold, Head of Minerals and Oil Authority of Mongolia, has participated from the Mongolian side. Also they gave a speech on Mongolia-Canada bilateral relationship, latest mining issues, and oil. Moreover, officials of Mongolian embassy in the USA, […]
B.Enhhuyag: There Was No Way Other Than Folding Money Up
We got details from Mr. B.Enhhuyag, First Deputy Governor of the Mongolbank on why commercial banks halted mortgage lending.
How does Mongolbank’ raise of policy rate affect on the economy? Did commercial banks halt their mortgage lending because of it?
Mongolbank has increased its policy rate three times since last October. We conclude that lending growth, […]
Currency Rate Has Truly Fallen Down
It is said that people bought much USD due to rumors related to currency rate fall-down. We got details from M.Badam, Director of “Suvargan Del” currency exchange.
With reference to rumor on fall down of currency rate, currency exchangers and people generated much USD on hand. Is it true?
There is no change to foreign currency […]
International Micro-finance Forum Is To Be Held
It is informed at the press conference held at XAC bank that International Micro-finance Forum XI is to be held for the first time in Mongolia between 29 and 31 of the coming month. Over 500 delegates of international micro-finance organizations and major investors are going to attend the Forum. During the Forum, issues related […]
Draft law Is To Be Modified During Discussion
Yesterday, Parliamentary Economic Standing Committee decided whether to discuss draft law on modifications to Minerals law. Since the draft law had been criticized before it went to discussion, the working group had modified and adjusted the draft again. However, the standing committee shall decide whether to discuss the draft law, submitted to the parliament, in […]
MP N.Batbayar: “No mistake” Is to Which the Working Group Adhere
The Parliament started to discuss the draft law on modifications to the Minerals Law of Mongolia yesterday. Working group, which worked on the draft law formulation for more than two months, developed the “undebatable” draft version and made conclusion on April 9. Working group, comprising of the PM, Minister of Industry and Trade, 4 MPRP […]
261 Banned Foreigners Has Sought to Come Back in Mongolia
Tourism season starts. Majority of illegal foreigners are trying to enter Mongolia. Currently D.Murun, Agency of Foreigners and Nationality chairman, has made an order on this issue. We clarified about his decision from D.Lhagvadorj, head of License and Registration Department, Agency of Foreigners and Nationality.
We heard about D.Murun’s decision on control […]
