Daily Business News Mongolia

S Korea, Mongolia to hold first-ever defense policy talks

Xinhua reports that,

SEOUL, Aug. 4 (Xinhua) — South Korea and Mongolia will hold their first-ever defense policy talks on Tuesday, the South Korean Defense Ministry said Monday.

The talks, which will be held in the Mongolian capital city of Ulan Bator, will last for one day, the ministry said.

The two sides will discuss ways to regularize working-level defense talks and increasing military cooperation between the two countries, according to the ministry.

The South Korean delegation for the talks left for Mongolia later on Monday, it added.

Editor: Sun Yunlong

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KZ President to visit Mongolia on August 6-7

www.inform.kz reports that,

ASTANA. August 4. KAZINFORM. /Kurmat Samarkhan/ President of Kazakhstan Nursultan Nazarbayev will make a state visit to Mongolia at the invitation of the Mongol party on August 6-7. MFA’s official representative Yerzhan Ashikbayev made it public at the weekly briefing, Kazinform reports.

Within the visit the Head of the State will negotiate with Mongolian leadership, on the results of which there is planned to sign some bilateral documents in different spheres. Yerzhan Ashikbayev said.

“In addition, there will be a business forum with the representatives of business circles of the two countries. The forum will be aimed at enlargement of mutual business contacts and carrying out the search of realization opportunities of the perspective economic projects”, Y.Ashikbayev said.

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Croatian president starts Asian tour

Xinhua reports that,

BELGRADE, Aug. 3 (Xinhua) — Croatian President Stjepan Mesic started Sunday his Asian tour to visit Mongolia and China, where he will attend the opening ceremony of the Olympic Games in Beijing.

Mesic started his first official visit to Mongolia, at the invitation of Mongolian President Nambaryn Enkhbayar, the Croatian news agency HINA reported.

Mesic, who is scheduled to hold talks with his hosts on Monday, said that there were many opportunities for the Croatian economy on the Mongolian market, adding that the economy would be in the focus of his talks with Mongolian officials. (more…)

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Improvements to water resources for Mongolia`s nomadic herding families on tap

www.environmental-expert.com writes that,

Source: Asian Development Bank

Japan and the Asian Development Bank (ADB) are working with poor herding families in Mongolia’s Ovorhangay province to improve herding families’ access to water and pasture resources.

The Japan Fund for Poverty Reduction is extending a $2 million grant for the project, which will be overseen by ADB and executed by the Ministry of Food and Agriculture with the cooperation of the nongovernmental organization VSO Mongolia. More than half the population in Ovorhangay depends on herding for daily living and this project will help establish or rehabilitate 60 water points in 10 districts over a three-year period. The resources will be managed by 60 herd-management groups that will receive technical and legal support in developing and overseeing pasture and well management plans. (more…)

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Two parties unite on modification of the Constitution

With reference to arose conditions, MPRP and DP formed a task group. The task group held a meeting yesterday for the second time. At the first meeting, the two parties exchanged views and at the following meeting the two reached on consensus on particular issues. MPRP and DP agreed that the Constitution must be modified. However DP admits that modifications made in 2000 should be nullified but MPRP do not agree with it and says to amend the Constitution directly. They agree that Law on Administrative units and their management, law on Parliament and local elections and Law on Political parties should be amended at the modification of the Constitution as well. Also they defined legislations and decrees to be ratified by the new Parliament. Minerals Law, Law on Grant of the Motherland and Law on Treasure Share will be passed and Sub-committee of Election and registration will be established under State organization standing Committee. (more…)

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August is to be showered with guests

Summertime is the season of visitors, travelers and foreign officials. We assume that a half million visitors would come to Mongolia this summer and high-ranking guests also visit Mongolia at this time. As for this year, Kuwaiti Emir is the first one of those guests. It’s likely he came to Mongolia to enjoy vacation, not at the invitation of the President. He had not met any politicians and state figures, even he came several days ago. It is said that he would meet the president and the Prime Minister at the beginning of next month. August tends to be showered by foreign visitors. H.E. Stjepan Mesic, President of Croatia is to visit Mongolia on the 2^nd of August, and H.E. N.A.Nazarbayev, President of Kazakhstan is to visit us as well.

New Zealand Governor is to visit us during mid-August and at the end of the month Frederik André Henrik Christian, Crown Prince of Denmark and Prince Albert of Monaco are visiting. After school starts Horst Koehler, President of Germany is to visit Mongolia to attend regular session of the Mongolia-Germany Forum. Prime Minister of Luxembourg is to visit Mongolia at the end of fall, Turkish and Slovak Foreign Ministers are coming on September.

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Mongols head for Expo 2008

Expo 2008 Zaragoza launched on the 14^th of June in Zaragoza, Spain. With reference to Mongolia Day of the Exhibition to be held on the 31^st of July, Mongolian representatives, media and artists, headed by Ya.Sodbaatar, Deputy Minister of Industry and Commerce head for Zaragoza, Spain. MIC was appointed as general coordinator and MICC was assigned as general organizer of activities to participate in the Expo. A total of 140 countries are to attend the Expo under “Water and sustainable development” for 93 days.

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Mongolia’s loan goes down to 40 percent

As of the end of last year, our economy went up by average 8.7 percent for last 5 years. GDP per capita increased by 2.9 times, reaching USD 1.5 thousand. State budget balance showed positive indications since 2005 and share of foreign loan in GDP decreased by 2.5 times, reaching 40 percent in comparison to previous 5 years. These detailed numbers were mentioned at the seminar on Statistics on balance of payment and foreign investment position, jointly held by the Mongolbank and Ministry of Finance last Friday.

International Department of the Mongolbank reported on statistical theory and methods on balance of payment and foreign investment position, outline on foreign economy and market in the years between 2004 and 2008 and domestic currency market, which was of great interest to the participants. (more…)

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Mongolian MPs boycott parliament

By Michael Kohn
BBC News, Ulan Bator

The opening session of the Mongolian parliament has stalled after opposition Democrats staged a walk-out.

The session was to be a swearing-in day for new MPs, but the president had to close the session early as there were not enough MPs for a quorum.

Mongolian politics have been in turmoil since the disputed election on 29 June that sparked riots in the capital.

The opposition has described the poll as fraudulent, and wants the head of the General Election Committee to quit. (more…)

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Mongolia’s Democrats stage parliamentary walkout

Radioaustralia reports that,

Lawmakers from Mongolia’s Democratic Party walked out of the newly elected parliament just before they were to be sworn in.

They were protesting the results of the June 29 national election and the deadly riots that followed in its aftermath.

The party says it wants several of its demands met before it will return to parliament.

It wants to know the circumstances of the shooting deaths of five people during the riots, which followed its allegations that the Mongolia People’s Revolutionary Party stole the election.

It wants the 200 prisoners in jail since the riots released, and the election results in several constituencies that have not yet been announced made known.

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