A.Batsukh: Tugrug Rate Is Getting Tightened
In recent days a fear that tugrug rate might fall down is among the public. Halting of lending by commercial banks contributed to this guesstimate. Last Friday, authorities of Ministry of Finance and the Mongolbank expressed their positions officially.
Ch.Ulaan, Minister of Finance highlighted that Mongolian economy and finance goes through a not so easy phase […]
USD 270 Million for New Airport Is Not a Burden on State Budget
Parties have tentatively agreed on constructing an international airport in Khushig valley in Tuv aimag at the soft loan, provided by Japanese International Cooperation Bank. In order to use this asset, the Government of Mongolia should negotiate with the parliament on the Loan Agreement on A Project to Construct International Airport in Ulaanbaatar. […]
Will Establish “Mongolian Railway” Joint Company
Government has decided to aid certain amount of capital to “Ulaanbaatar railway” in order to renew its equipments.
Therefore Government meeting solved that it’s worth to establish “Mongolian Railway” JSC which will own the locomotives bought by state budget. According to the government order, it charged to Finance minister Ch.Ulaan, and Road, Transportation and Tourism minister […]
