Government
MCA Starts Operating on July
Governing Board of the Millennium Challenge Corporation (MCC) approved the general agreement proposal of USD 285 million to be concluded with the Government of Mongolia in order to eradicate poverty through economic growth. The agreement focused on four main sectors such as railways, ownership, professional education and health and especially on key support of […]
Election Date is Officially Announced
Yesterday, General Election Commission /GEC/ of Mongolia announced the date of Parliamentary election officially on June 29. And this is the commencement of election preparation. According to B.Battulga, Head of GEC, there are a lot of problems to solve before the election. For instance, 116568 citizens had 234777 addresses. In other words some people have […]
Israel and Mongolia is to Collaborate on Agriculture
Right after the 60th anniversary of Israeli independence, the President of Mongolia paid a visit to Israel for the first time and met Sh.Peres, President of Israel, exchanging views on extending and strengthening bilateral cooperation and relations. At the beginning of the meeting, Mr. Peres said, “Since I was a kid I heard a lot […]
New Project Agreement is Signed
In framework of consultative meeting between the Government of Mongolia and the Government of Federal Republic of Germany and negotiation on development policy cooperation in 2007, technical cooperation society of Germany launched a new project on “Confirming stable economic environment”. This project shall be implemented jointly by Ministry of justice and internal affairs, Supreme Court […]
Rosnefti Says to Move the Price If Necessary
We got details from Kh.Narankhuu, Minister of Industry and Trade on gas price.
It’s been several days since a deadline for responding to a proposal of Russian Company “Rosnefti” expired. Aren’t they dramatically increasing the gas price?
Talks and negotiations are held with Russian side at all levels. I sent a letter to the Minister of […]
S.Oyun Visits France
Minister of Foreign Affairs of Mongolia S.Oyun pays an official visit to France at the invitation of the Minister of Foreign and European Affairs of France. During the visit, S.Oyun is to hold a meeting with Bernard Kouchner, Minister of Foreign and European Affairs of France and a tete-a-tete meeting with authorities of major French […]
D.Idevkhten: Parliament Has No Way Other Than Discussing the Matter
We got details from MP D.Idevkhten whether or not to discuss the Rosnefti proposal.
-There is no way than discussing the issue at the Parliament. Oil price went up, accompanying price growth in other products. It hits hard the public livelihood. One of the alternatives on how to maintain oil products cheaper has been submitted to […]
Who Says What?
The Government thinks that the only best alternative to stand against the oil product price increase is the proposal of Russian Company Rosnefti to establish 100 gas stations in Mongolia. In order to accept this proposal, the Government formulated and submitted the draft law on modifications to the law on oil products. According to the […]
Statement by S.Bayar, Prime Minister of Mongolia at the Parliament Session
On current state, recent pitfalls, measures of solution on oil products
Dear Speaker and
Dear Parliamentarians,
Recently oil price went up dramatically at the world market.
As of January 2007, price of 1 barrel oil at NYSE was USD 52.84 whilst as of yesterday it reached USD 113.4, going up by USD 60.56. It results increase in domestic […]
A.Batsukh: Loan Demand Has Increased
Yesterday, Meeting of the economic Standing Committee got informed by the Governor of Mongolbank. Mongolbank had to maintain inflation rate at 6 percent but it let it up to 20 percent which means they had increased the rate by 3.5 times than the level it should be. Therefore it is hard to say that they […]
