Mongolia Business and Mongolian Daily Business News

Mr. Yu Myung-hwan, Minister of Korean foreign affairs trade visited Mongolia at the invitation of the Minister of Foreign Affairs S.Oyun during 12th and 13th of September. This is the first MFA visit to Mongolia since 1998. At the beginning of his visit, he visited the President of Mongolia N.Enkhbayar. Noting the bilateral amiable relations and cooperation of the two have been extended in all sectors via “Good neighborhood friendship and cooperation partnership” principles, the President mentioned that there were thousands of Mongols living and working in Korea and expressed gratitude for humanity services towards them. Read the rest of this entry »

President N.Enkhbayar cancelled his mission to attend SCO(Shanghai Cooperation Organization) meeting held in Tajikistan. Instead of him, foreign minister S.Oyun will lead our delegates. Official said that president cancelled his mission because of current political situation in Mongolia.

The Wall Street Journal publishes that,

Mongolia Celebrates
Medal and Puts Halt
To Fighting … for Now

By GORDON FAIRCLOUGH

ULAN BATOR, Mongolia — Last month, rioting in the wake of disputed parliamentary elections left five dead in Mongolia’s capital.

But now this city is the scene of celebration. Mongolia, the world’s most sparsely populated country, with 2.6 million people, last week won its first Olympic gold medal.

“This is a huge thing,” that “tells us that, yes, we can be champions,” says Sanjaasuren Oyun, Mongolia’s foreign minister.

The gold medal, in judo, combined with a silver medal in shooting have boosted the confidence of a country that has struggled to redefine itself after decades as a satellite of the old Soviet Union. Read the rest of this entry »

The US Daily writes that,

ULAN BATOR (Reuters) – Mongolians turned out in droves on Sunday to vote in a tight race that will see the election of a government charged with fighting inflation and tapping into the windswept country’s huge mineral wealth.
Polls closed at 1400 GMT, but results in the vote that pits the ruling Mongolian People’s Revolutionary Party (MPRP) against the Democratic Party were not expected until Monday at the earliest.
Many voters expressed a desire to see a more stable government, and Mongolia’s Election Commission said judging from early returns, voter turnout was expected to surpass the 82 percent who voted in 2004.
The last election four years ago resulted in a hung parliament, leaving the parties to scramble to form a government to rule the landlocked country of less than 3 million, whose empire under Genghis Khan once extended west as far as Hungary. Read the rest of this entry »

Civil Will Party Leader S.Oyun and S.Demberel, Head of MCCI signed on a collaboration memorandum. The objective of the memorandum is to maintain sustainable economic growth, create favorable environment for business and investment and implement real partnership between government and private sector. S.Oyun said, “Unfair and unhealthy business environment should grow. Therefore state dominance in the business environment should be dismissed. The real realization of the memorandum starts from making politicians aware of it. It is not a secret that there is a criticism over politicians that they fail to keep pace with businessmen.”

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 companies and sign on collaboration agreement between two ministries. This is the first official visit of the Foreign Affairs Minister to France in 43 years since extension of bilateral diplomatic relations between two nations.

It is previously reported that S.Shaariibuu, father of a woman, killed at the Malaysian politician order, held a press conference in Malaysia. In his statement on behalf of Minister of Foreign Affairs, he noted that unless the case is decided fairly, bilateral relations of the two might be halted. We got details from MFA on it. It is said that statement of S.Shaariibuu, father of the killed, is not the official position of the Government of Mongolia but it is a personal opinion only. Also MFA pays close observation on the court trial, being held in Malaysia. In addition, PM and MFA sent official letters 4 times regarding this matter. Minister S.Oyun has just informed that she sent another letter to Malaysia hoping that the case would be solved fairly.

In framework of preparation for his official upcoming visit to Russia, PM Mr. S.Bayar got information from D.Ganbold, Chairman of Railways Authority last Friday and exchanged views on solving current problems and goals and plans on developing this sector. Minister of Foreign Affairs, S.Oyun, Minister of Roads, Transportation and Tourism R.Rash, Minister of Industry and trade Kh.Narankhuu and other officials attended the meeting, exchanging ides and views as well.

D.Ganbold informs, “Mongolia has 1811 km railroad, carrying 62.8 percent of total freight forwarding, , 2.3 percent of passenger transport, 96.7 percent of fright turnover and 47.6 percent of passenger turnover. With relevance to economic development of neighbor countries, freight forwarding shows a trend to grow by 12-15 percent per annum. In Mongolia, too, export, import and domestic freight forwarding tend to increase dramatically in recent years. Read the rest of this entry »

S.Oyun, Minister of Foreign Affairs has just arrived the country finishing her official visit to China. In framework of the visit, China reacted positively towards the issues related to appointing Honorary Consuls in Zhenjiang, Uyghur and Macau as well as consulate representative of Mongolia in Shanghai. The Minister notes that this is because our citizens increasingly travel, study and work overseas, namely in China. During the visit of the Foreign Affairs Minister to Inner Mongolia, scholarships provided to 100 students are to be provided to 500 students. In the course of her official visit to China, S.Oyun visited the Deputy Chairman of China, members of Chinese State Council, negotiated with Chinese Foreign Affairs Minister and visited Chinese Diplomats Academy. Read the rest of this entry »

Foreign minister S.Oyun went to PRC on Monday and made four days visit. During the visit, she saw with Si Jinpin, vice president of PRC, and Dan Binguo, Government council member of PRC, and discussed with foreign minister of PRC and visited to Diplomatic academy and Railroad department.

During the meeting and discussion, they made assessment and summary to two sides relationship and about keeping frequency of high level visits and meetings, joint celebration for 60 years of establishment of two countries diplomatic relations and 15 years for agreement of friendly relations and cooperation, and consolidation of two countries foreign ministries and other broad range of issues like culture, education and defense, and exchanged opinions about international and regional issues. Read the rest of this entry »