Apr 17, 2025 97 min read Daily News Summaries

Mongolia News Summary for April 17, 2025

The following news articles are the opinions of their authors and publications. They are presented here as translations for informational purposes and do not necessarily represent the opinion of MongolBeat or its members.

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Politics

What Did People Say About the Five Documents Regulating Mongolia's Airspace for 20 Years?

Published: 2025-04-16 | Translated from: ikon.mn

The Standing Committees on Budget and Economy discussed the draft agreement "On the Supply of Aircraft Fuel to Mongolia between the Governments of Mongolia and the Russian Federation." According to this draft agreement, a joint company with the Russian side will be established to supply aircraft fuel for 20 years and to manage and operate the infrastructure of the "Chinggis Khaan" International Airport. While the Budget Committee members supported the draft agreement, members of the Democratic Party (DP) present at the Economy Committee meeting took a three-day break regarding this issue. The conclusions from both standing committees will be consolidated in the Security and Foreign Policy Standing Committee and then discussed in the plenary session of parliament. Below is the viewpoint of the parliamentary members on the agreement to establish a joint company with Russia, which will also manage and operate the infrastructure of "Chinggis Khaan" International Airport for 20 years, as well as information from Minister of Industry and Mineral Resources Ts. Tuvaan, who responded to questions on behalf of the government. Minister of Industry and Mineral Resources Ts. Tuvaan: The supply of aircraft fuel was previously handled by a private company called "Merge Van." Since aircraft fuel prices went high, the state-owned company "Erchis Oil," fully owned by the former Ministry of Mining and Heavy Industry, was established. Since its establishment, the price of aircraft fuel has stabilized, and now it is sold at Mongolian 800,000-1,000,000 tugriks cheaper than that offered by private sellers. The construction of an oil refinery is ongoing, and it will start operations and supply its products in the first quarter of 2028. The joint company will manage and operate the infrastructure of "Chinggis Khaan" International Airport, which refers to the systems used for refueling airplanes and storing fuel in these systems. Currently, the Japanese side manages the airport's operations. They also undertook refueling tasks but indicated that they could not continue, so it was returned to the Mongolian side. After that, the company "Merge Van" won the tender and handled it for a while but then stopped. Currently, there are no ownership issues with the Japanese side. Even if a joint company is established, it will not hold shares in the infrastructure managed by "Erchis Oil." The 60/40 ownership ratio is included in a memorandum of understanding, not the agreement, but will be incorporated into the company establishment agreement. The other party has agreed to this. The agreement includes the clause that a company supplying more than 30% of fuel in Mongolia cannot carry out domestic retail sales. MP P. Sainzorig: It is important for Mongolia to have a reliable supplier of aircraft fuel. However, I don't understand why an agreement is brought to parliament for consensus that depends entirely on a single supplier. Business matters should be settled at the business level. Stop introducing such forced issues under the guise of working. You have neither negotiated nor worked on this. There are no clauses protecting Mongolia's interests. Such agreements are claimed to be for gaining an advantage for Mongolia. The risk here is whether prices will remain stable in the future with a single supplier. A single supplier can take control whenever they want. With this agreement, we have lost the space for our planned oil refinery. MP B. Jargalan: Although this is only a five-page intergovernmental document, it seeks to regulate a major sector for 20 years. Mongolia has maintained its independence between two major neighbors. At times when the international situation is uncertain, is it necessary to introduce an agreement with a 20-year term? Our country should independently determine its policies and maintain its balance. MP G. Damdinyam: Whether it is for 10 or 20 years, we have no option but to purchase fuel from our northern neighbor. Then, what ways are there to procure from our southern neighbor? We might just make an agreement and miss our chance. Is it possible to add a clause prohibiting this from involving retail sales for public consumption? Is there any restriction on refueling third-country aircraft with fuel imported from the north? This should be considered from all angles. MP L. Tsogtgerel: Politically, we have chosen a democratic path, and economically, an open-market one for over 30 years. Now, however, an agreement going in the opposite direction is being introduced. This agreement would make the sector less competitive and grant monopoly rights to a state-owned company. Is this consistent with our national security concept? For Mongolia, third-neighbor relations are very important. The only way to third neighbors is through our airspace. But now, we are about to give a foreign company preferential rights over our airspace for 20 years. MP J. Batjargal: Make sure the Russian side's 40% investment is clarified in the agreement. This is where issues may arise. It's turning from a fuel supply arrangement into an intergovernmental investment agreement. Warning: Media outlets (TV, Radio, Social and Web pages) are prohibited from using all or parts of our information in any form without prior permission, and permission must be obtained by citing the source (ikon.mn).

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URGENT: Y. Byambadarjaa and G. Gandalai, Initially Detained with MCS Group's Z. Törmandakh, Released Yesterday and Banned from Leaving the Country

Published: 2025-04-16 | Translated from: isee.mn

The legal authorities recently conducted an operation at the head company of "Energy Resource," MCS Group, detaining five people from the company's legal department, including Director Z. Törmandakh, in February of this year. Later, in March, the court altered the preventative detention measures for Z. Törmandakh, N. Ganbold (CEO of M-Armor LLC), and S. Jamyantögs (Director of Engineering and Technical Services), instead imposing a ban on leaving Mongolia. Now, Y. Byambadarjaa (head of the legal department) and G. Gandalai (specialist), who were detained along with the aforementioned individuals, have been released on April 15, with preventative measures that prohibit them from meeting certain people and from leaving Mongolia. Specifically, the city prosecutor's office submitted a proposal to the district's primary court for criminal and civil matters to change the detention measure for Y. Byambadarjaa and G. Gandalai, implementing travel restrictions and bans on meeting certain individuals. The court, after reviewing the evidence, the opinions and explanations presented in court by the prosecutor and defense, case files, and the personal circumstances of the accused, decided in line with the objectives of criminal procedure to accept the prosecutor's proposal. Thus, as of April 15, 2025, the detention measures for Y. Byambadarjaa and G. Gandalai are altered to a ban on leaving Mongolia and on meeting specific individuals. As a reminder, the city prosecutor's office accused Z. Törmandakh (Head of the Legal Department of MCS Group), N. Ganbold (CEO of M-Armor LLC), S. Jamyantögs (Director of Engineering and Technical Services), Y. Byambadarjaa (Head of Legal Department), and G. Gandalai (specialist), for the crime of "unauthorized execution of special operations, obtaining, using, or selling special technical means." The court implemented preventative detention measures on the grounds that evidence showed risks of destroying, altering, or hiding traces, materials, and evidence of the crime, and of colluding to commit or finish a crime.

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Court Dismisses Complaint of Chinese Company on Blacklist for Shifting Its Own Wrongdoing onto Others

Published: 2025-04-16 | Translated from: unuudur.mn

The Ministry of Finance places on a blacklist those enterprises that participate in government tenders, are selected in some manner, then perform poorly, "whitewash" their work, receive taxpayers' money but do not fulfill their contractual obligations. According to Article 56.9 of the Law on Procurement of Goods, Works, and Services with State and Local Funds, "The central government authority responsible for financial and budget issues maintains a public list of entities whose tendering rights have been restricted." The Ministry of Finance issues a blacklist and registers entities that have violated the law for three years. This list includes companies that have submitted false documents, provided incorrect references for tax or social insurance contributions, used fake diplomas for employees, failed to fulfill contract obligations, submitted tenders with obviously false information, or committed professional violations. A foreign-invested company violated relevant Mongolian laws, failed to fulfill contractual obligations, and its interested parties were found, by a final court decision, to have committed corruption crimes. Despite this, it protested its inclusion on the blacklist and filed a complaint to the court. Here are the details. MAIN REASON: BOTCHED WORK ON THE ÖNDÖRKHAAN-CHÖIBALSAN ROAD On February 8, 2013, the then Ministry of Road, Transport, and Urban Development announced a tender for the construction of a 50 km paved road between Öndörkhaan and Chöibalsan. The Chinese state-owned company China Geo-Engineering Corporation LLC was selected and signed a contract in May of the same year. Previously, the company "Nasnii Zam" LLC was building this road but left it unfinished. China Geo-Engineering Corporation took over, completed the work in August 2014, and requested the ministry for acceptance. Experts on the ground repeatedly instructed the contractor to completely remedy the detected faults and deficiencies. Specifically, the working group concluded that a freezing protection layer, crushed stone base, and asphalt concrete pavement needed to be newly constructed for 12.8 km, and a 3 cm surface layer for the remaining 37.2 km. However, China Geo-Engineering Corporation repeatedly failed to comply with the ministry's requirements. As a result, the road surface was severely damaged, creating hazardous conditions and causing significant financial loss to the state due to breaches of standards and technical requirements. The ministry filed a lawsuit to recover the required funds for refurbishment from the contractor. In 2022, the court decided in favor of the Ministry of Road and Transport Development in its claim against China Geo-Engineering Corporation, ordering the company to pay for part of the refurbishment costs necessary to bring the road up to standards. The court found that the company had violated Article 50.1.6 of the Civil Code by failing to deliver results as required by the contract, and that the Ministry had the right to terminate the contract per Article 55.1 and seek damages. Based on this, the company was put on the list of entities restricted from tendering. On November 22, 2023, after a cabinet meeting, Finance Minister B. Javkhlan publicly announced 61 blacklisted companies, among them China Geo-Engineering Corporation. To contest the blacklist decision, the company filed a complaint to the Administrative Court. Both the first instance and appellate courts dismissed their case. The Administrative Chamber of the Supreme Court reviewed their appeal and upheld the lower courts’ decisions, essentially dismissing the company's complaint. PROVEN BRIBERY TO WIN THE DARKHAN ROAD TENDER Article 7.1.6 of the Law on Procurement stipulates that if an enterprise or any of its authorized personnel or ultimate owners is found by a final court decision to have committed bribery or money laundering, it is disqualified from tendering. Even though three years have passed since China Geo-Engineering Corporation was blacklisted, it may be blacklisted again. This is because another court case established that in order for the company to win the tender for the Darkhan road, a middleman gave a bribe to an official at the Ministry of Road and Transport Development (ZTHYA). China Geo-Engineering Corporation was chosen as the contractor for a 30.53 km section of the 204.11 km Ulaanbaatar–Darkhan road, a project funded by an ADB loan. The company, which had an ongoing dispute with the ZTHYA, was not even supposed to participate, let alone win, the selection process. However, with the influence of one Zayaabaatar Buyannemekh, a known figure in local business, the company was selected, setting Buyannemekh’s own company "WXPi" up as a subcontractor for the Chinese firm. To achieve this, he gave a bribe of a car worth 60 million tugriks and 3 million tugriks in cash to an official at the ministry in May and June 2019, as established by the Anti-Corruption Agency’s investigation. Buyannemekh told the official, "If you support ‘China Geo’ and select them, I will be able to do some subcontracting work, and if that happens, I can finish my 60 km Khovd road project this year." Though the ministry official responded that "China Geo is involved in a court dispute," Buyannemekh and the Chinese company’s representative insisted that as long as there was no final court decision, the rule didn’t apply. Eventually, China Geo-Engineering Corporation was awarded a $9.8 million contract for the fifth package of the Darkhan road. The Chinese company’s director Tonggelege (referred to by Buyannemekh as Tungalag) explained: "Our company didn't participate in Mongolia's state-funded tender, but in an international tender governed by ADB rules, where ongoing court proceedings don’t count. Our parent company, with an annual turnover of $1 billion, entered the tender." In court testimony, Buyannemekh said he pressured the Chinese side to include his company as a subcontractor. For his actions, Buyannemekh was convicted of bribery to obtain personal advantage. However, due to the statute of limitations, his offense concerning the bribe to the ZTHYA official was waived, though he was fined 14 million tugriks for bribing a bailiff to lift a travel ban, and ordered to pay 45 million tugriks in case costs. If the Ministry of Finance decides that the company participated in tenders through bribery, it could again be blacklisted for violating the law.

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Democratic Party Faction Takes Break in Protest Against Agreement with Northern Neighbor

Published: 2025-04-16 | Translated from: news.mn

During the session of the Economic Standing Committee and the Budget Standing Committee of the State Great Khural, the issue of deliberating the draft agreement between the Government of Mongolia and the Government of the Russian Federation for the supply of aviation fuel in Mongolia was discussed. According to the agreement, a Mongolian-Russian joint company would be established to supply aviation fuel for 20 years and manage and operate the infrastructure of the "Chinggis Khaan" International Airport. On the Mongolian side, the responsibility is assigned to “Erchis Oil” LLC and its affiliated organizations, and on the Russian side, to NK Rosneft JSC and its affiliates. The government has submitted this draft agreement for consideration. It is believed that by ratifying this agreement, the ever-increasing demand for aviation fuel will be met at market-advantageous minimum prices, ensuring the stability of supply and potentially reducing ticket prices. Currently, Mongolia imports 100% of its aviation fuel from Russia, and in the last five years, consumption of TS-1 aviation fuel has shown steady growth. For example, 27,879 tons were consumed in 2021, 38,492 tons in 2022, 61,719 tons in 2023, and 69,984 tons in 2024, with consistent increases. During the deliberations at the Economic Standing Committee on this agreement, the Democratic Party faction in parliament requested a three-day break. In particular, Member of Parliament B. Jargalan noted, "There are five documents between the two governments, but a very large sector issue is being regulated for twenty years. Mongolia has maintained its independence between two large neighbors. Is it necessary to bring in an agreement for twenty years at an uncertain and difficult time in international relations? Mongolia must remain independent and maintain a balanced policy." Member of Parliament B. Tsogtgerel also said, "This is an agreement leaning too far to one side. It removes competition and grants monopoly rights to a state-owned company. For Mongolia, relations with a third neighbor are extremely important. The only way out to a third country is through our airspace. To grant excessive rights to a foreign company and tie it up in a twenty-year agreement is something we cannot support." According to Industry, Minerals, and Energy Minister Ts. Tuvshin, the company would be established under the state-owned “Erchis Oil” LLC, with 60% owned by the Mongolian side and 40% by the Russian side. Also, since the oil from the oil refinery, which will be operational in 2028, cannot be supplied to aviation companies for the 20-year term, Member of Parliament J. Batjargal proposed that the Russian side's 40% investment be made clearer in the contract. The above-mentioned standing committees will submit their proposals to the Security and Foreign Policy Standing Committee of the parliament.

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The Constitutional LEGACY That U.Khurelsukh Must Leave Behind!

Published: 2025-04-16 | Translated from: news.mn

President U.Khurelsukh's six-year term, as granted by the Constitution, will end in 2027. Currently 57 years old, he will step down from the presidency at age 59. It is certain that U.Khurelsukh, who has been deeply involved in politics—from army political deputy to head of state—will not simply retire after leaving the presidency. Besides, he hasn’t yet reached the legal retirement age. Therefore, the upcoming presidential election in two years will have a major influence on Mongolian politics. Who will succeed U.Khurelsukh, and what his next strategy will be, are matters of great interest. 1. Essentially, it appears that U.Khurelsukh’s strategy will determine who the MPP nominates for the next presidential race, and it’s evident that the fate of Oyun-Erdene’s coalition government is closely tied to his political ambitions. U.Khurelsukh is no "toothless lion"; he has become Mongolia’s number one figure, and his influence and power within the MPP remains strong. During the last eight years of the MPP’s supermajority and sole rule, parliament amended the Constitution twice, in 2019 and 2024. The 2019 amendment gave the Prime Minister authority over appointing and releasing cabinet members, while the President’s powers remained unchanged. However, the change restricted the previous possibility of being elected to two four-year terms, now allowing only one six-year term for the President under the Constitution. Because of this valid provision, N.Bagabandi, N.Enkhbayar, Ts.Elbegdorj, Kh.Battulga, and U.Khurelsukh are no longer eligible to run for president. The 2019 amendment to Article 30, Section 2 of the 1992 Constitution raised the minimum age to run for president from 45 to 50, and required that candidates have resided continuously in Mongolia for the last five years. Five parties with seats in parliament can nominate presidential candidates who meet these requirements. Therefore, there is no shortage of hopefuls seeking the presidency from MPP, DP, HUN, National Coalition, and the IZN Party, and the battle for the crown has already begun both between and within parties. 2. Like the saying "Mikhail has a plan," it’s clear U.Khurelsukh has already charted the future of his political life. He is skilled at formulating tactics and is adept at unpredictable moves. For example, Kh.Battulga could not have predicted that the incident over the "slippers mother" would lead U.Khurelsukh to dismiss his entire government cabinet. In anger, Kh.Battulga even issued an order to dissolve the MPP and personally submitted it to the Supreme Court. U.Khurelsukh possesses qualities uncommon among other politicians. He knows well when to retreat and when to attack. His political maxim is, "If there is no wisdom, there can be no courage," and he follows this principle in politics. There has been no politician in Mongolia able to split parliament from the outside and simultaneously control both the State Great Khural (parliament) and the Government as he did. Dragging M.Enkhbold, who once gripped the party and state tightly in his hands, off his table and turning the dominant city faction of the MPP into mere pups showed U.Khurelsukh's audacious courage and marked him as a strategist surpassing S.Bayar. Passing on the party and government seal to L.Oyun-Erdene was certainly part of U.Khurelsukh’s political plan. The question now is: what is his next strategy? This is the focus of Mongolia’s political attention. 3. According to the Constitution, U.Khurelsukh can be elected for only one term. However, there may be politicians who, in U.Khurelsukh’s name or through his hand, are interested in altering this. Specifically, there is a desire to change Article 30.2 of the Constitution, which currently states, "...shall be elected for only one six-year term," especially by Kh.Battulga, the fifth president of Mongolia, who is rumored to have returned to government in hopes of holding the presidency again—hardly a slanderous accusation. However, a constitutional amendment will only be possible if 75 percent of parliament members, equivalent to 95 members of the State Great Khural, support it. There are few politicians in parliament willing to back such a move at Kh.Battulga’s behest. Furthermore, U.Khurelsukh surely knows that supporting a constitutional amendment would set a dangerous precedent for future presidents, and it would open the way not for himself, but for a competitor, to become a dictator. The Constitution is the protector of national security, and national security is best ensured by a democratic parliamentary system. President U.Khurelsukh himself has sworn by the Constitution to strengthen the rule of law, not personal rule.

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The Court Orders the Leader of 'Bosoo Khukh Mongol' NGO, G.Gankhuyag, to Be Detained for One Month

Published: 2025-04-16 | Translated from: ikon.mn

The court has issued a decision to detain the head of the "Bosoo Khukh Mongol" NGO, G.Gankhuyag, for one month. The following report uses photographs with special permission from the MPA Agency. We previously reported that the head of the "Bosoo Khukh Mongol" NGO and national wrestler, G.Gankhuyag, was arrested and is being investigated by the intelligence agency. Below is the explanation from the judge who decided to detain him for one month. This explanation does not replace the court's decision and is only provided to inform the public. According to the judge: "The District Civil and Criminal Matters Primary Court received a motion from the Capital Prosecutor's Office requesting to take the accused G.G. into custody as a preventive measure. The court examined the motion on April 15, 2025. After reviewing the evidence collected in the case file, the prosecutor's motion presented during the hearing, the explanations of the defense attorney and the accused, other documentation in the case, and the personal circumstances of the accused, the court found that there was sufficient basis to take the accused G.G. into custody as a preventive measure. Article 14.9, paragraph 1.3 of the Criminal Procedure Law states: ‘If there is evidence or information suggesting the risk of causing harm to a person's life, health, or property, or the possibility of absconding, or destroying, altering, moving, concealing, losing, falsifying material or documentary evidence, committing further crimes, or completing the crime,’ then preventive detention may be ordered. After reviewing the materials concerning the case, the court recognized that there was sufficient basis for preventive detention due to concerns regarding the risk of harm to life, health, property, absconding, or evidence tampering, and therefore approved and ordered the accused G.G. to be taken into custody as a preventive measure." Notice: Media organizations (television, radio, social media, and websites) are not permitted to use any part or all of this information in any form unless permission is granted. If used with consent, the original source (ikon.mn) must be credited.

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Economy

TODAY: Mongolia's Socio-Economic Indicators to Be Presented

Published: 2025-04-16 | Translated from: montsame.mn

Overview of today's events: 11:00 AM: The National Statistics Office will present Mongolia's socio-economic indicators for the previous month. 11:00 AM: The opening of a joint performance by over 230 artists from more than 10 Mongolian circus troupes will take place at Sukhbaatar Square. 11:00 AM: Dr. S. Badral, Professor, artist, and sculptor, will give a lecture on the Twelve Year Zodiac, the five coins, and the nine-coin divination in Mongolian astrology at the G. Zanabazar Fine Arts Museum. 11:30 AM: At the National Press Center of Ündesnii Medee newspaper, mixed martial arts fighters will provide information about Mongolia's first ever international tournament in four combat sports—MMA, Kickboxing, Muay Thai, and Submission Grappling—scheduled for the 27th of this month. 7:00 PM: The "Cholügen Quartet" of the Morin Khuur Ensemble, which has received the highest state award "Chinggis Khaan" medal, and the Yatga Quintet will hold a concert titled “Novel Melody” at the National Philharmonic Concert Hall. - A regular meeting of the Government will be held. - The solo exhibition “From the Steppe, a Palm’s Width” by N. Soninbayar, artist and public coordinator of the "Khukh Nar" Modern Art Center of Mongolia, is on display at the Mongolian Art Gallery until the 30th of this month. - In celebration of the 390th birthday of Undur Gegeen Zanabazar, the "Heritage of Undur Gegeen" exhibition is being held at the G. Zanabazar Fine Arts Museum. In the provinces:
- A herders' meeting will be conducted in all sums (districts) of Khövsgöl aimag until the 21st of this month. Abroad:
- The “Chinggis Khaan” international exhibition is being held at the National Museum of the Czech Republic until June 22nd. Follow @montsame.mn

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Foreign Exchange Reserves Reach USD 5.2 Billion, Increasing by USD 230 Million from Last Week

Published: 2025-04-16 | Translated from: montsame.mn

The head of the working group tasked with boosting exports and promptly resolving pressing issues, Minister of Finance B. Javkhlan, presented to today’s Cabinet meeting an update on the export situation of mining products and the state of foreign exchange reserves. This working group is implementing the comprehensive measures stipulated in Cabinet Resolution No. 135 of March 19, 2024, "On Increasing the Export of Mining Products and Growing the National Foreign Exchange Reserves." Export revenue reached USD 278 million this week, a 17% increase from the previous week. The main contributor to this growth was coal exports, which reached 1.9 million tons, up by 25%. At the Gashuunsukhait border checkpoint, coal stocks remain high, but the uptake by China has increased in the past week, with further improvements expected. Through the Shiveekhuren checkpoint, a total of 758,000 tons of coal were exported last week, the highest figure since the start of the year. At the Khangi checkpoint, total coal exports stood at 1.4 million tons, a 32% decrease from the same period last year, and the working group is taking appropriate measures to increase exports. At the Mining Exchange, 480,000 tons of coal were traded last week, marking the highest weekly volume since the start of the year. Other mining products, such as copper concentrate and iron ore exports, also continue to increase. Copper concentrate exports reached 42,000 tons, up by 2% from the previous week, and iron ore exports reached 177,000 tons, a 14% increase. As of April 15, official foreign exchange reserves were at USD 5.2 billion, an increase of more than USD 230 million from the previous week. To further increase the inflow of foreign currency, the working group presented additional measures to be implemented, including the creation of green channels, allocating land in border areas to support increased export of coal, and increasing the capacity of border checkpoints. The Government discussed and decided on draft resolutions regarding these measures, according to the Cabinet Secretariat of the Government of Mongolia.

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INTRODUCTION: Key Provisions of the 20-Year Joint Venture Agreement with Russia for Aircraft Fuel Supply

Published: 2025-04-16 | Translated from: ikon.mn

The Standing Committee on the Budget is currently discussing the draft agreement between the Government of Mongolia and the Government of the Russian Federation regarding the supply of aircraft fuel to Mongolia. This 20-year agreement stipulates the establishment of a joint venture with Russia to manage and utilize the infrastructure of Chinggis Khaan International Airport. In the joint venture, the Mongolian side will own 60%, while the Russian side will own 40%. The companies involved are Erchis Oil LLC from Mongolia and NK Rosneft from Russia. The government has prepared the following introduction explaining the reasons for forming a joint venture with Russia and utilizing the infrastructure of an international airport: "Currently, our country imports 100% of its aircraft fuel from Russia. Over the past five years, the consumption of TS-1 aircraft fuel has steadily increased. By supplying the ever-growing demand for aircraft fuel at the lowest possible market price, not only can we ensure stable supply and fulfillment, but it could also have a meaningful impact in reducing air ticket prices for citizens. In the future, conditions in the global oil market and Russia’s domestic oil product market may cause the Russian government to impose export restrictions or increase taxes. Such decisions could affect our country’s aircraft fuel supply and potentially cause shortages. Therefore, by signing the 'Agreement between the Government of Mongolia and the Government of the Russian Federation on the supply of aircraft fuel to Mongolia', we aim to ensure the stability and continuity of aircraft fuel supply at Chinggis Khaan International Airport and to provide aviation companies operating in the country with internationally compliant, stable fuel." Key provisions of the draft agreement are as follows: Article 4: Authorized organizations of both parties will establish a Joint Venture to manage and utilize the infrastructure of Chinggis Khaan International Airport (hereafter referred to as the Complex). The Joint Venture will operate and use the Complex to provide continuous, stable, and uninterrupted supply of aircraft fuel and refueling services at Chinggis Khaan Airport. The Russian side's accredited entity will handle the supply of aircraft fuel to the Joint Venture. The sale (supply, storage, refueling, sales, delivery, and transportation) of aircraft fuel at Chinggis Khaan Airport will be undertaken by the Joint Venture. The Mongolian side will ensure that restrictions applicable to the domestic sale of oil products in Mongolia do not apply to the activities of the Joint Venture. Article 5: To efficiently utilize the Complex, the Mongolian side will guarantee the following: - Granting approval documents, licenses, and related documentation to the accredited Russian entity for the use of the Complex; - Allowing staff from the Russian side’s accredited entity and its subcontractors to enter, exit, reside, and work in Mongolia within the scope of managing, operating, and developing the Complex; - Permitting customs facilitation for bringing in necessary goods, construction machinery, and equipment for the use and development of the Complex across Mongolian and Russian borders; - Ensuring equal treatment and non-discriminatory protection under the law for the activities and investments of the Russian side’s accredited entity and its subcontractors; - Allowing the Russian side’s accredited entity, when supplying oil products under contract with a Mongolian legal entity, to operate under conditions no less favorable than those granted to Mongolian or third-country legal entities supplying similar oil products; - Ensuring unimpeded transfer of investment-related payments, including compensation for any expropriated investment of the Russian side’s accredited entity, out of the territory of Mongolia. Article 6: The Mongolian side guarantees the protection of investments and returns by the Russian side’s accredited entity within Mongolia, including profits, dividends, interest, royalties, commissions, and other revenues, from direct or indirect expropriation, nationalization, forced seizure, or any measures equivalent to these. The Mongolian side also guarantees the free repatriation of monetary or physical assets received by the Russian side’s accredited entity as a result of the implementation of a commercial contract, as well as timely and full settlement of payments during the contract’s execution. In case of expropriation or equivalent action, Mongolia shall immediately pay full market value compensation as determined by a neutral appraiser, which must not be less than the value of the investment. Article 7: If, after signing this agreement, any changes in the laws or regulations of Mongolia deteriorate the conditions related to the operation, investment, or supply activities of the Russian side’s accredited entity or the Joint Venture, such changes will not apply to this agreement. If after signing, Mongolian legislation introduces new or higher taxes, tariffs, fees (including customs), or changes quotas for foreign workers, or revokes privileges granted at the time of signing, these will be considered as deterioration of conditions for the Russian side’s accredited entity for purposes of this agreement. Article 9: Disputes or disagreements regarding investments made by the Russian side’s accredited entity during the implementation of this agreement shall first be resolved by negotiation between the certified organizations of both parties. If the dispute is not resolved within two months from initiation, either party may submit it to the International Commercial Arbitration Court attached to the Chamber of Commerce and Industry of the Russian Federation according to its procedures. The court’s decision will be final and binding for both parties. Article 11: The provisions of this agreement shall have priority over other international agreements between Mongolia and Russia that regulate similar issues. Warning: Media organizations (TV, radio, social platforms, and websites) are prohibited from using all or part of this information, in any form, without express permission. Usage is only allowed with proper attribution (ikon.mn) after agreeing with the source.

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N. Uchral: 10 Comprehensive Measures Will Be Implemented to Mitigate Negative Economic Impacts

Published: 2025-04-16 | Translated from: isee.mn

N. Uchral, Head of the Cabinet Secretariat, presented the decisions from the government meeting. N. Uchral, Head of the Cabinet Secretariat: At today's government meeting, a decision was made to urgently submit to parliament a package of 10 measures aimed at increasing coal exports and mitigating the negative effects on our country's economy related to international trade tariffs. This Friday, the government will meet again to implement these 10 comprehensive measures. We are working to submit the necessary legislation to parliament and to resolve time-sensitive issues such as diversifying the economy and increasing exports. This involves the National Wealth Fund Law; negotiations will be conducted regarding the fund. It has been decided that certain royalties from mineral resources, as well as production-sharing arrangements, will be used such that payments calculated from these will go into citizens' savings and a certain portion will be legislated to be spent on local development, regardless of whether it is a private sector entity or an international investor. Previously, the budget would withdraw funds, and under the guise of saving in a future heritage fund, citizens had no opportunity to spend them on housing, education, or healthcare—this has been changed. The Law on Minerals, the Law on the Mining Exchange, supporting foreign investors, maintaining a stable tax environment, and ensuring that the government and parliament uphold a stable policy in international agreements are the directions we will follow.

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B. Javkhlan: Coal exports increased by 1.9 million tons last week, positively impacting our foreign currency reserves

Published: 2025-04-16 | Translated from: isee.mn

Finance Minister B. Javkhlan presented the decisions made at the Cabinet meeting. Finance Minister B. Javkhlan said: Last week, the export value of major raw materials reached 278 million US dollars, an increase of over 40 million US dollars compared to the previous week. Positive factors in these figures included exports from the Nariin Sukhait group deposit, as well as exports from private mines. Coal exports increased by 1.9 million tons last week. This has had a positive effect on increasing the central bank's foreign currency reserves. Since the beginning of the year, Mongolia's foreign exchange reserves have reached 5.246 billion US dollars, achieving a level that had not been seen in the last two months. - THE GOVERNMENT WILL TAKE URGENT MEASURES TO INCREASE EXPORTS - A working group to increase exports determined a month ago that the most important goal is to safeguard and maintain our reserves at a risk-free level. In line with this, today the Cabinet meeting decided to take urgent measures in two areas to increase exports. The leadership of the relevant agencies was instructed to properly prioritize the raw materials at the Gashuunsukhait, Shiveekhuren, Hangi, Bulgan, and Bichigt border checkpoints and to ensure they are exported without delay. Whether it is from private companies or state-owned "Erdenes Tavantolgoi" or even smaller Tavantolgoi operations, the government decided to issue directives to coal and transport companies to reduce costs to boost competitiveness in physical coal exports. This includes lowering the cost up to the point the coal is delivered onto the railway, and then reducing the railway transport fee to a certain extent after the coal is loaded onto the train. The relevant parties were tasked with reporting what results have been achieved by next week.

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Total Tax Revenue Falls to ₮5.8 Trillion in the First Quarter of 2025, Down ₮1.1 Trillion from Previous Year

Published: 2025-04-16 | Translated from: ikon.mn

Today, the National Statistics Office (NSO) announced Mongolia's consolidated state budget revenue and aid figures for the first three months of 2025. According to preliminary results, total consolidated state budget revenue and aid for the first quarter of 2025 was ₮6.4 trillion, which is a decrease of ₮1.2 trillion (16.2%) compared to the same period in the previous year. The consolidated balanced revenue and aid stood at ₮6.1 trillion, down ₮1.2 trillion (16.0%) year-on-year. The total expenditure and net lending to be repaid reached ₮6.5 trillion in the first quarter of 2025, resulting in a balanced deficit of ₮353 billion. Total tax revenue for the first quarter of 2025 was ₮5.8 trillion, which is a decrease of ₮1.1 trillion (16.1%) compared to the same period of the previous year. This drop was impacted by declines in income tax revenue (down ₮539.7 billion or 21.1%), value-added tax revenue (down ₮35.6 billion or 2.8%), and mineral resource royalty revenue (down ₮782.9 billion or 68.9%). On the other hand, social insurance premiums increased by ₮264.9 billion (28.8%) and revenue from foreign operations rose by ₮42.4 billion (12.1%). In the first quarter of 2025, the composition of total tax revenue was as follows: income taxes accounted for 34.8%, value-added tax for 21.6%, social insurance revenue for 20.4%, foreign operations income for 6.8%, special excise taxes for 5.1%, and other types of taxes, fees, and charges for 11.3%. Of the income taxes, 68.5% came from corporate income tax and 31.5% (net of refunds) from individual income tax. State consolidated budget expenditure and net lending to be repaid reached ₮6.5 trillion in the first quarter of 2025, an increase of ₮807.3 billion (14.2%) compared to the same period last year. The growth in expenditure was mainly due to an increase in goods and services costs by ₮463.8 billion (26.2%) and current transfers by ₮622.7 billion (26.0%). However, capital expenditure decreased by ₮250.5 billion (29.7%). In the first quarter of 2025, the composition of total expenditure was: current transfers 46.5%, goods and services expenses 34.4%, capital expenditures 9.1%, interest costs 6.3%, and subsidies 3.7%. Tax revenue is composed of income tax, social insurance revenue, property tax, value-added tax, excise tax, special purpose revenues, foreign operations revenue, and other taxes, fees, and charges. Non-tax revenues are composed of common non-tax revenue, property revenue, aid revenue, and transfers between the state and local budgets. Notice: Media organizations (television, radio, social media, and websites) are not permitted to use our information in whole or in part in any form unless agreed upon, and must cite the original source (ikon.mn) upon approval.

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Coal exports decreased by 39 percent in the first quarter of this year

Published: 2025-04-16 | Translated from: isee.mn

L. Enkhbaatar, Head of the Money, Finance, and Service Statistics Department of the National Statistical Office, provided information on social and economic indicators. During the first three months of 2025, Mongolia conducted foreign trade with 128 countries, with the total trade turnover reaching 5.6 billion USD. Of this, exports amounted to 3 billion USD and imports reached 2.5 billion USD, resulting in a foreign trade surplus of 465 million USD. Mining products accounted for 94 percent of exports. Compared to the same period of the previous year, exports decreased by 638 million USD, with the main contributor being a 39 percent decline in coal exports. In terms of volume, coal exports decreased by 604,000 tons, reaching a total of 17.5 million tons.

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Performance Audit Report on 'Establishment, Expenditure, and Results of the Local Development Fund' Presented

Published: 2025-04-16 | Translated from: ikon.mn

The State Audit Organization presented the performance audit report on the "Establishment, Expenditure, and Results of the Local Development Fund for 2023" to the Standing Committee on Budget of the State Great Khural. The Local Development Fund is one of the budgets planned solely based on citizen proposals, supporting local development, ensuring balanced regional growth, and creating stable living conditions and environments for residents. The fund's sources include a certain percentage of domestic value-added tax, income from resource utilization of oil reserves, mining royalties, and special exploration and exploitation license revenues. The audit covered the Unified Local Development Fund, as well as the Local Development Funds of 21 aimags (provinces) and the capital city's districts for the year 2023. The 2023 national budget approved a transfer of 298,478.6 million MNT to the Unified Local Development Fund and to the Local Development Funds of aimags and the capital’s districts. In June 2023, due to increased income from mining royalties, an additional 71,460.7 million MNT was allocated to the fund. Additionally, sources totaling 174,450.7 million MNT were approved by the local Citizens’ Representative Khurals (provincial, city, soum, and district councils). As a result, a total of 544,390.0 million MNT was budgeted for the fund for that year, of which 94.3% was fulfilled. During the reporting period, contracts were made to implement 8,672 projects and measures totaling 521,864.4 million MNT, with 408,507.6 million MNT spent by the end of the year, leaving a balance of 105,238.2 million MNT. However, the audit revealed irregularities totaling 162,768.3 million MNT. This included 62 payment orders totaling 550.8 million MNT set by provincial and city audit offices. Administrative demands were issued for 76,245.0 million MNT, recommendations for deficiencies totaling 85,908.7 million MNT, and violations amounting to 63.8 million MNT referred to law enforcement and oversight authorities for investigation. According to the audit conclusion, in 2023, income from resource use of oil reserves, special exploration and exploitation license fees, and mining royalties were not fully accumulated. This resulted in incomplete financial transfers to Local Development Funds in aimags and the capital. Moreover, it was noted that citizen and public involvement in project planning was insufficient, excessive fragmentation of budgeted costs led to no tender participants and project delays or rollovers to subsequent years, causing further negative impacts. It was also observed that incomplete or absent project data was being entered into the management information system, yet funding continued to be issued, repeating this violation. Based on the audit findings, relevant organizations and officials were issued recommendations. These included: setting unified regional rates for state livestock head tax and considering legal amendments to the Budget Law and Livestock Head Tax Law, as recommended by the National Audit Office to the State Great Khural. Furthermore, recommendations were given to the Government, Ministry of Finance, all levels of Citizens’ Representative Khurals, and Governors to: hold accountable the Citizens' Representative Khural bodies that approved or changed projects and measures without citizen proposals; align calculation methodologies for transfers to Local Development Funds from mining royalties and license revenues with relevant laws; ensure transparent recording of citizen proposals in the fund’s management information system; improve oversight of the fund’s activities; and withhold funding until violations are fully corrected. Source: National Audit Office Note: Media organizations (TV, radio, social media, and websites) are strictly prohibited from using this information in whole or in part in any form. Usage is only permitted with permission and by citing the source (ikon.mn).

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Government Discussing Foreign Currency Reserves

Published: 2025-04-16 | Translated from: news.mn

According to the schedule, the regular Cabinet meeting is held every Wednesday. In line with this, a meeting is taking place today at 14:00. Today's agenda includes the draft government resolution on "Certain Measures to Support Coal Exports" (such as allocating land in green corridors and port zones, increasing port throughput capacity), the draft law to mitigate the negative impacts caused by international trade tariffs, the state of mining product exports, the situation of the country's foreign currency reserves, the government's position and evaluation on the draft Blood Donor Law initiated by Member of Parliament J. Chinburen, and the draft law on the Transplantation of Organs, Tissues, and Cells also initiated by him. In addition, the government's opinion on the draft law ratifying the Loan Agreement for the implementation of the "Energy-3 Project" between Mongolia and the International Bank for Reconstruction and Development, among a total of 23 issues, are being discussed.

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Mongolia Officially Joins the 'Financial Code for Women Entrepreneurs' Program

Published: 2025-04-16 | Translated from: montsame.mn

The opening ceremony of the “Financial Code for Women Entrepreneurs” program, held under the auspices of the Speaker of the Parliament, took place today at the State Palace. In his opening remarks, Speaker D. Amarbayasgalan emphasized that internationally, efforts to establish a legal framework for gender equality have been accelerating, and terms related to women-owned businesses and women’s small entrepreneurship are emerging in business practices and the legal environment. Mongolia adopted the Law on Ensuring Gender Equality in 2011 and has continued efforts to ensure gender equality in every sector. According to research by the Market Training and Research Institute of the National University of Finance and Economics, women entrepreneurs face challenges such as lack of collateral, weak financial literacy, limited business networks and market access, entrenched gender stereotypes, and a weak legal environment. Speaker Amarbayasgalan noted that projects and programs by the European Bank for Reconstruction and Development (EBRD), such as “Women in Business” and the “Financial Code for Women Entrepreneurs,” are expected to yield positive results in overcoming these constraints. As of last year, 42.1% (3.3 billion MNT) of loans issued to small and medium enterprises went to female borrowers, with an average loan of 66.4 million MNT at a weighted interest rate of 17.1%. This is twice as small in amount and 0.8 percentage points higher in interest compared to loans to male borrowers. B. Lkhagvasuren, President of the Bank of Mongolia, stressed the need for policy measures to increase women’s financial inclusion nationally. He also mentioned that the Bank of Mongolia and the European Bank for Reconstruction and Development signed a memorandum of understanding to join the “Financial Code for Women Entrepreneurs” program last September. Mongolia becomes the first country in its region to implement this initiative. The Bank of Mongolia, as the national organizer for this program, is aligning it with other strategies and preparing action plans. They are also working to build comprehensive data on women entrepreneurs, conduct analysis, and focus on increasing access to finance for women entrepreneurs. T. Jambajamts, Chairman of the Financial Regulatory Commission, noted that supporting women’s entrepreneurship and improving their access to finance is not only about reducing social inequality, but also a crucial step toward economic growth and sustainable development. By ensuring equal access to financial services, women can develop businesses, create jobs, and use their income to benefit their families and children’s education and health, which is key to economic stability. He underlined that Mongolia’s persistent implementation of financial inclusion and gender equality policies will be connected with the overall national development, not just the financial sector. Member of Parliament A. Ariunzaya stated that women running businesses not only support their own and their families’ finances but also positively affect employees, their families, society, and the national economy. However, women’s enterprises are struggling to expand due to factors such as lack of collateral, as assets are often registered in their husbands’ names, and insufficient business networks among women. She called for policy interventions to eliminate these obstacles and encourage more women to start businesses. According to last year’s Global Women Entrepreneurs Review, one in ten women worldwide is engaged in entrepreneurship, double the figure of 20 years ago. In Mongolia, approximately 60% of small and medium enterprises are run by women, of whom 87% operate micro-businesses with fewer than ten employees. This indicates a broad participation of women in business but also highlights the continued lack of financial and market support necessary for their businesses to grow. O. Otgonjargal, founder of "Sanjain Khishig" LLC, shared her story of starting her own business. She began her enterprise eight years ago, borrowing 5 million MNT from a friend as start-up capital, and later expanded her operations through bank loans. The first time she applied for a loan, she approached the bank with a pile of documents but was told her application was incomplete. Since then, she has taken out more than 20 loans, with her most recent loan being disbursed in just five days. She stated that loans targeting women entrepreneurs are diverse, and the most effective and practical support is when those loans are long-term and have low interest rates, depending on the sector of activity. The “Financial Code for Women Entrepreneurs” program is a multi-faceted initiative aimed at increasing economic opportunities and credit access for women entrepreneurs. By joining this program, which is currently implemented in over 30 countries, Mongolia becomes one of the pioneering countries in Central Asia to participate.

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AmCham Mongolia Organizes Discussion 'The Billion Dollar Question – The Future of Tourism in Mongolia'

Published: 2025-04-16 | Translated from: ikon.mn

ULAANBAATAR, Mongolia – The American Chamber of Commerce in Mongolia (AmCham Mongolia) organized a discussion titled "The Billion Dollar Question – The Future of Tourism in Mongolia." Participants included D. Gantumur, President of the Mongolian Tourism Association; Ch. Buyanbadrah, CEO of Mongolian Guide Tour LLC and the Guide Education Center; B. Oyunerdene, Executive Director of Solongo-Khonk Korean Guides Association; and B. Zolbadral, Chairman of the Board of the Tourism Professional Association. R. Koppa, Chairman of the Board of AmCham Mongolia, moderated the discussion. The panelists exchanged views on current challenges and solutions for the Mongolian tourism sector and discussed how the private sector can contribute to its development. D. Gantumur, President of the Mongolian Tourism Association NGO, stated, "Over 60% of tourists coming to Mongolia travel on packaged tours. On average, they stay for 10-12 days before returning home. Additionally, e-commerce has a strong influence on individual tourists. When analyzing the overall economic impact of all these tourists, the quantitative indicators still appear relatively weak. However, there is a huge potential for improvement and growth. Importantly, our statistics and quantitative data must be professional, accurate, and precise. Government policies should not be too general but rather targeted and coordinated for each segment within the sector." Ch. Buyanbadrah, CEO of Mongolian Guide Tour LLC, highlighted, "Data shows that there were over 809,000 tourists in Mongolia in 2024. However, based on records and journals from our work in the 21 provinces, only about 400,000 tourists were actually registered. Sometimes, the same tourist is counted multiple times, which can create discrepancies in statistics, for example, depending on the purpose of their entry or how many times they cross the border. Also, income calculations for the tourism sector are based on the number of reported tourists and average spending per tourist. In 2024, tourism revenues reportedly exceeded 1.6 billion USD, which closely matches estimates generated by multiplying the incorrect number of visiting tourists by the average spending recorded in previous years, such as 2,048 USD per tourist in 2019. This is a key issue. We need to focus more on the development of tourism programs. It is important to know in advance which countries or regions tourists will visit from and offer products and services tailored to each tourist’s interests and preferences." B. Zolbadral, Chairman of the Board of the Tourism Professional Association, spoke about the characteristics and figures of tourists from neighboring countries to Mongolia, saying, "Tourists from Asian countries have different interests and types of travel. Most Chinese tourists, for example, travel in groups. Meanwhile, tourists from South Korea are often inspired by social media content and trends and plan their trips accordingly. Another feature is that Korean tourists tend to take short trips over weekends, linked to our geographical proximity." B. Oyunerdene, Executive Director of the Solongo-Khonk Korean Guides Association, discussed the challenges facing the industry: "Because tourist visas are issued easily, it is important to more accurately record the purpose of foreign visitors’ trips to our country. When travel purposes are mixed, the statistics can be inflated. Most visitors coming specifically for tourism, under tourist regulations, are from South Korea. In the future, our sector will play a major role in developing Mongolia’s exports and economy. To accelerate the development of this sector, we need to improve infrastructure and the capacity to receive tourists." About AmCham Mongolia:
AmCham Mongolia is an independent, non-governmental organization dedicated to expanding and strengthening business partnerships, protecting interests between the US and Mongolia, and attracting American investment to Mongolia. AmCham Mongolia is the official chapter of the American Chamber of Commerce, the world’s largest business network with over 3 million members. It is also a member of the Asia Pacific Council of American Chambers of Commerce, which unites chambers from 29 countries in the Asia-Pacific region. Notice:
Media organizations (TV, radio, social, and web) are prohibited from using all or part of this information in any form unless proper source acknowledgement (ikon.mn) is provided and with prior agreement.

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Inflation Reaches 9.1% in March, Mainly Driven by Increases in Housing, Water, Electricity, and Fuel Prices

Published: 2025-04-16 | Translated from: ikon.mn

The National Statistics Office (NSO) of Mongolia presented social and economic indicators for March 2025 today. At this event, L.Enkhbaatar, Head of the Statistics Department for Money, Finance, and Services at the NSO, provided information on consumer goods and service prices, that is, inflation. According to his remarks, in March 2025, the national consumer goods and service price index—or inflation rate—stood at 9.1%. In March 2024, the inflation rate was 6.2%, so this March it increased by 2.9 percentage points. The price of goods increased by 6.7% over the past year, while the price of services increased by 16.6%. Of the 9.1% inflation recorded last month, 2.3 percentage points were due to increased prices of food, beverages, and water, and 2.1 percentage points were due to higher costs for housing, water, electricity, and fuel. In comparison, last March (2024), housing, water, electricity, and fuel contributed just 0.4 percentage points to the overall 6.2% inflation rate, while food, beverages, and water contributed 2.6 percentage points at that time. In March 2025, the price of goods in the Western region rose by 7.9%, the price of services in Ulaanbaatar city rose by 20.4%, the price of food items in the Western region increased by 10.9%, and the price of non-food goods in Ulaanbaatar city rose by 12%—these are the highest figures recorded. Note: Media organizations (TV, Radio, Social Media, and Websites) are prohibited from using our information in whole or in part in any form unless agreed upon, and only with proper attribution to the source (ikon.mn).

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Foreign Trade Balance Surplus Has Sharply Decreased Compared to Last Year

Published: 2025-04-16 | Translated from: unuudur.mn

The National Statistics Office continues to present important social and economic indicators for the first quarter of this year. In the first three months of this year, Mongolia's foreign trade balance showed a surplus of 465.1 million USD. Specifically, this means that the revenue from goods and products exported from Mongolia to foreign countries exceeded the amount imported into the country by that amount. Although the foreign trade showed a surplus, the total trade turnover and the amount of exports have sharply decreased compared to the same period last year. The total trade turnover decreased by 504.1 million USD, and exports decreased by 637.5 million USD, resulting in the foreign trade balance dropping by 62.4% from last year. In the first quarter of 2024, the foreign trade surplus had reached 1.2 billion USD, but this year it did not even reach half a billion. Experts say that the decline in total trade turnover and surplus is due to both internal and external factors such as disputes in the trade sectors of major countries that occupy a key role in the international market, as well as decreased demand and falling prices for mining products.

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Inflation Reaches 9.1% but Shows No Signs of Decreasing

Published: 2025-04-16 | Translated from: unuudur.mn

In our country, inflation has reached 9.1%, an increase of 0.3 percentage points from the previous month. The Bank of Mongolia attributes this to the rising prices of staple foods such as meat, flour, and vegetables, as well as increases in wages, pensions, and electricity tariffs. To contain price growth, the central bank raised its policy rate to 12% in March, limited consumer loans, and increased the required reserves for commercial banks. However, these measures also risk restraining overall economic growth. The depreciation of the tugrik is a significant factor driving inflation, as the weakening of the national currency against major foreign currencies increases the cost of imported goods, especially commonly used consumer products. Currently, domestic factors are having a stronger impact on the rise in inflation, but moving forward, the influence of global conditions — related to the strict tariff policies of the US and China — is expected to increase, with projections that inflation could reach 12% by the end of the year.

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Coal exports in the first three months of 2025 decreased by 882.8 million USD compared to the same period last year

Published: 2025-04-16 | Translated from: ikon.mn

The National Statistics Office (NSO) today released Mongolia’s foreign trade data for the first three months of 2025. Mongolia traded with a total of 128 countries during this period, and the total foreign trade turnover reached 5.6 billion USD. Of this, exports amounted to three billion USD, imports to 2.5 billion USD, resulting in a trade surplus of 465.1 million USD. The total trade turnover decreased by 504.1 million USD (8.3%) compared to the same period last year, exports decreased by 637.5 million USD (17.5%), the trade surplus decreased by 771 million USD (62.4%), and imports increased by 133.4 million USD (5.5%). The main reason for the 637.5 million USD decrease in exports in the first three months of 2025 compared to the previous year was due to coal, which declined by 882.8 million USD, gold by 46.5 million USD, mutton and goat meat by 18.9 million USD, iron ore and concentrate by 16.4 million USD, and crude oil by 13.5 million USD. At the same time, exports of copper ore and concentrate increased by 291.8 million USD, zinc ore and concentrate by 39.7 million USD, and fluorspar ore and concentrate by 29.3 million USD. Also, the price of gold increased by 693.9 USD per ounce, and copper ore and concentrate prices increased by 291.5 USD per ton compared to last year, while the price of iron ore and concentrate decreased by 7.6 USD per ton and coal by 47.1 USD per ton. Of the goods exported to China, 48.3% was coal and 33.5% was copper ore and concentrate, while 99.3% of goods exported to Switzerland was unrefined or semi-refined gold. Mineral products, precious stones and metals, jewelry, and plant products make up 96% of Mongolia's total exports. Warning: Media organizations (Television, Radio, Social and Web pages) are prohibited from using our information, whether in whole or in part, in any form, and may only use it with agreement and by citing the original source (ikon.mn).

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Focusing on Reducing Tax Disputes

Published: 2025-04-16 | Translated from: news.mn

The General Department of Taxation has included in its 2025-2028 strategic plan the goal of providing professional and methodological guidance to reduce disputes between the tax authority and taxpayers. We discussed this with Ts. Togosmaa, Head of the Department for Ensuring Legal Implementation at the General Department of Taxation. — What work has been planned within the scope of your department's responsibilities in the strategic plan for the coming years?
— The General Department of Taxation has designated 2025 as the target year for implementing the "Advisory Tax Authority" initiative in its strategic plan. Therefore, the department is working to disseminate trainings and public awareness campaigns tailored to the specific characteristics of each business sector, aligning with regional development policies. In other words, we plan to issue necessary recommendations in collaboration with relevant units, based on economic sector risk calculations, taxpayer needs, and final court decisions that have resolved tax disputes. We will also evaluate the effectiveness of the implementation of comprehensive tax laws. Furthermore, we are studying the progress, achievements, and challenges in legal implementation and seeking suitable and effective ways for further improvement. Of course, any identified issues will be communicated to the authorized institutions. — What initiatives or policy changes are planned to improve the implementation of tax legislation?
— Our department provides professional and methodological guidance to the General Department of Taxation and its offices for the consistent understanding and implementation of tax laws. In addition, during the review and resolution of requests and complaints from taxpayers, we provide legal advice, support representation in tax disputes, and protect the legitimate interests of the tax authority. Tax disputes constitute the majority of cases resolved by administrative courts. This indicates the need for the tax authority to focus on preventing and reducing disputes and ensuring cases are resolved within the bounds of the law. Looking at cases represented by law enforcement and judicial bodies: there have been 164 criminal cases amounting to 9.9 trillion MNT, 69 civil cases involving 12.7 billion MNT, and 179 administrative lawsuits involving claims of 1 trillion MNT by taxpayers. Of 30 cases worth 26.4 billion MNT initiated by state tax inspectors and resolved in court, 95.8% were decided in favor of the tax authority. Therefore, we decided that a proactive approach to prevent the creation of such disputes is appropriate. Specifically, we aim to identify the causes and circumstances that lead to disputes between the tax authority and taxpayers and focus on reducing disputes by providing methodological and professional guidance. The department also determines the level of implementation for each tax relationship related to taxpayer registration, assessment, reporting, payment, audit, collection, exemption, deduction, and refund. In doing so, we diagnose why laws are not being effectively implemented and seek solutions. For example, we analyze whether problems arise due to gaps, overlaps, or contradictions in the legislation, or from differences in interpretation between taxpayers and the tax authority, and work to resolve these to improve legal compliance. — What work is being done to increase the legal awareness of taxpayers and make legislation more accessible and understandable to the public?
— In the past, we have used social networks to promote the correct implementation of tax legislation, especially to inform about new or amended laws. We have also organized online consultations under the content “Tax Lawyers Advise” to help taxpayers exercise their legal rights, fulfill their obligations, and prevent violations. Going forward, in addition to providing advisory services online, we aim to identify the reasons for noncompliance among taxpayers and offer guidance, thereby raising the level of voluntary law compliance and ensuring better implementation of the law. — What legislative updates are planned for this year in tax law?
— The revised tax laws took effect on January 1, 2020, so five years have now passed. While organizing and ensuring the implementation of tax law, significant challenges and issues have emerged, necessitating amendments to improve implementation. The main focus of this round of tax reform is to support investment, assist entrepreneurs through tax policy, and increase household income. The approach is to be responsive to the needs, requests, and suggestions of taxpayer citizens, businesses, and organizations. The majority of public suggestions have been incorporated into the draft bills. With these reforms, we expect a more favorable legal environment for taxation, an expanding tax base, and economic growth. Furthermore, the tax authority's role in organizing the implementation of tax laws, providing taxpayers with information and advice, and conducting training and public awareness activities, as stipulated in the General Tax Law, has been refined. The bill now specifically refers to “advisory services of the tax authority,” which is considered a taxpayer-friendly reform and should ensure adequate legal compliance.

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A Bill Will Be Submitted to Reduce the Negative Impact of Trade Tariffs

Published: 2025-04-16 | Translated from: news.mn

Information was provided today on issues discussed and decided at today's Cabinet meeting. N. Uchral, Head of the Cabinet Secretariat, said:
- At today's Cabinet meeting, it was decided to submit ten packages of urgent legislative measures to the State Great Khural (Parliament) to increase coal exports and to mitigate the negative economic impacts related to international trade tariffs. We are working to diversify the economy, increase exports, and resolve time-sensitive issues. This includes matters like the Law on the National Wealth Fund, negotiations on strategic deposits, payment substitutions for mineral resource usage fees, and decisions to establish product-sharing arrangements—to enable both the private sector and international investors to calculate fees and charges accordingly, including in citizens’ savings. Also, a certain portion is mandated by law to be used for local development support. Previously, funds reserved in the Future Heritage Fund were not available for citizens to use for education, health, or housing, but the new measures direct these funds towards projects and programs that improve citizens’ livelihoods and ensure a stable tax environment. The government and parliament will pursue ten comprehensive measures to maintain stable policy on investment agreements. The final resolutions will be discussed again on Friday and the final draft will be submitted to Parliament. - The government’s vehicle fleet is now renting out cars and earning income. What does this mean? The government claims it does not compete with the private sector, but in reality, the opposite seems true.
- The measures the government is taking regarding state-owned and local government-owned enterprises follow the policy that the state does not compete with the private sector, but rather supports it by outsourcing services and increasing private participation through management contracts. Accordingly, a draft law to improve the productivity and transparency of government and local government-owned companies was submitted to Parliament, and we are also working to submit a Public Property Act. This will define the ownership and decide which sectors the government will enter or not. Although there are said to be 123 state-owned companies, combining state, local, and accounting-based industrial enterprises, the total is over 800—a huge number. Under this law, companies must operate profitably and efficiently and reduce losses yearly, or else be dissolved. At the same time, public service organizations need a separate status. For example, the government vehicle fleet was restructured as an accounting-based industrial enterprise in the previous administration, so it was required to generate its own income and pay salaries from car rentals. Currently, only a few old cars remain in the fleet. There's a contradiction: on the one hand, the fleet serves government employees, and on the other hand, it is required to generate income, which is not a sound policy. If the government has 100 cars, these should be financed from the budget, not expected to generate extra revenue. Therefore, two categories will be established: public service organizations will be funded from the budget, while state-owned companies must operate profitably. Problems at several organizations stem from this, and their status will be changed from accounting-based companies. Export Reached 278 million USD and Forex Reserves Increased
Finance Minister B. Javkhlan said:
- Last week, exports of major raw materials increased. Export value reached 278 million USD last week, which is over 40 million USD more than the previous week. The positive indicator was influenced by exports from the Nariin Sukhait coal group and private mines. Coal exports increased by 1.9 million tons last week, which positively affected the central bank's foreign currency reserves. Since the beginning of the year, Mongolia's foreign exchange reserves have reached 5.246 billion USD, matching the highest level in the past two months. The working group for export promotion had identified increasing reserves to a safe level as a primary goal.
At today's Cabinet meeting, two urgent actions were approved to promote exports. Relevant authorities were instructed to sort and export raw materials promptly at major checkpoints (Gashuunsukhait, Shiveekhuren, Hangi, Bulgan, Bichigt) without delay. Whether private or state-owned (as in Erdenes Tavan Tolgoi), or even small Tavan Tolgoi entities, they were tasked with increasing export competitiveness by reducing costs from the mine to the railroad and cutting railway shipping costs. Results for next week were requested to be reported. - The exchange rate continues to rise. Despite central bank interventions, there is concern that foreign reserves may be depleted due to limited effectiveness.
- Increasing the physical volume of exports is the government's job. The central bank is responsible for managing incoming reserves, deciding how much to intervene and how much to keep in reserves. The central bank should clarify its policy on target exchange rates. The government focuses on how to increase and stabilize reserves. As the working group and the central bank have coordinated, some increase in reserves is seen. - Regarding the Eurasian agreement, what is the government's position? Today's meeting of the standing committee postponed the item because there was concern that the agreement might not benefit Mongolia and requested a thorough study and evaluation. There are also concerns about pressure from the Russian side.
- There is no pressure from the Russian side on the Eurasian agreement. We have put ourselves in a position to delay. Foreign trade flows in two ways: exports and imports. Twenty years ago, the policy was to increase exports to the north—including herders’ undervalued wool and hides. Recently, due to domestic programs like "White Gold" and the "Food Revolution," factories for certain products have emerged, although results vary. Mongolia can now produce over 50% of its domestic needs for grains. Egg production has also improved compared to the past. However, we must not lose sight of the goal of exporting agricultural raw materials. For that, we must not retreat from a policy of promoting production with Eurasia. The agreement details have been negotiated on a product-by-product basis and include measures to protect domestic production. Now, the aim is to push exports as allowed by the agreement. As global trade conditions have become less clear—due to matters like Trump-era tariffs—joining the Eurasian provisional agreement for three to four years seems reasonable. If it does not work, it can be discontinued. The government is committed to this export-boosting policy.

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"There Will Be No Issues Establishing a Joint Venture with Russia"

Published: 2025-04-16 | Translated from: news.mn

At today's meeting of the Standing Committee on Budget of the State Great Khural, a draft agreement between the Government of Mongolia and the Government of the Russian Federation on the supply of aviation fuel to Mongolia was discussed. Specifically, the Russian company Rosneft and the Mongolian company Erchis Oil have agreed to establish a joint venture based at the "Chinggis Khaan" airport, and this agreement between the two governments was submitted to Parliament for approval. Minister of Industry and Mineral Resources Ts.Tuvaan provided further information on this matter. He stated: "There is no pressure or coercion on the issue of establishing a joint company with Russia. This is an intergovernmental agreement. Previously, in 2018, during a high-level state visit, a memorandum of understanding was signed to establish this agreement. Since then, it has undergone considerable study over a period of time. Essentially, two types of agreements are being discussed. First, an agreement to ensure a stable supply of petroleum products to Mongolia; and second, an agreement on the supply of aviation fuel. Of the 2.6 million tons of petroleum products used in Mongolia, 97 percent is what we commonly call AI-82, AI-90 diesel fuels, and 2.6 percent is aviation fuel. Therefore, Russia proposed that these two agreements be established together. For us, it's like hitting two birds with one stone. In other words, if any issues arise with Russia, having this agreement means export bans will not be imposed. Consumption of aviation fuel in Mongolia has tripled in recent years. Whereas in 2021 only 21,000 tons were used, today it has risen to 70,000 tons. In this context, discussions are underway to establish a joint venture under the state-owned company "Erchis Oil," which currently imports and refuels aviation fuel, with 40 percent ownership by Rosneft and 60 percent by the Mongolian side. We all know the company law. Since the Mongolian side would own 60 percent, major decisions would be made according to our side's proposals. As the price of jet fuel increases, flight costs will rise accordingly. And where does this burden fall? It falls on the passengers. Therefore, we are discussing ways to ensure consistent supply over time. Russia's 40 percent share will include working capital, meaning supplying the current 70,000 tons of fuel. The refueling infrastructure for aircraft is already in place. Russia will also be responsible for any repairs or necessary spare parts for this infrastructure. The joint company will not own any share of the refueling facilities or real estate currently run by "Erchis Oil." Instead, the joint venture will operate by leasing this infrastructure."

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Ts. Tuvaan: Establishing a joint company with Russia to purchase aviation fuel was bound to happen, whether by Tuvaan or someone else /VIDEO/

Published: 2025-04-16 | Translated from: isee.mn

The relevant standing committee discussed the draft of the "Agreement between the Government of Mongolia and the Government of the Russian Federation on the supply of aviation fuel to Mongolia." Specifically, this draft agreement stipulates that Russia's Rosneft company and Mongolia's Erchis Oil company will jointly establish a company based at Chinggis Khaan International Airport, and the Russian side will supply aviation fuel for a period of 20 years. The agreement also states that in case of disputes, they will be resolved at the International Commercial Arbitration Court at the Chamber of Commerce and Industry of Russia—an issue that significantly affects Mongolia's national interests. We clarified more about this matter with Ts. Tuvaan, Minister of Energy and Heavy Industry.

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Development Bridge project to be implemented to boost tourism in Khangai region

Published: 2025-04-16 | Translated from: unuudur.mn

N. Uchral, Head of the Cabinet Secretariat, provided some updates from the latest Cabinet meeting. He stated, "On April 14, during the Khangai regional consultative meeting, a Cabinet session was held in Arkhangai province. The consultative meeting covered Arkhangai, Uvurkhangai, and Bayankhongor provinces. Members of Parliament elected from the Khangai region, representatives of local Citizens' Representative Khurals, provincial and soum governors, professional associations, businesses, and private sector representatives attended the meeting. At the Cabinet meeting organized in the local area, a government resolution was issued to accelerate the development of the Khangai region. As part of the efforts to develop the Khangai region as a tourism-centered area, certain issues were resolved on the spot. Notably, it was decided to implement the 'Development Bridge' project to support small enterprises within the framework of developing tourism in the Khangai region. Furthermore, in order to provide early warnings of severe weather events, it was decided to establish a meteorological station in Kharkhorin city of Uvurkhangai province."

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CARREFOUR MONGOLIA International Chain Store Now Has a Loyalty App

Published: 2025-04-16 | Translated from: ikon.mn

Features of the CARREFOUR MONGOLIA Loyalty App: - Highly optimized rewards – Earn high points for every purchase
- Opportunity to get exclusive products with points – Carrefour offers special products available only via collected points
- Easy VAT registration – Environmentally friendly, electronic registration without paper
- Ability to use all your points – Make 100% purchases with the points you have collected
- Financial tracking and online payment records – A financial assistant to help you track your purchases
- Higher quality
- Greater savings at Carrefour Notice:
Media organizations (TV, Radio, Social, and Web pages) are prohibited from using our information fully or partially in any form. You must only use it with permission and must cite ikon.mn as the source.

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Supporting the State is the Biggest Pain for Entrepreneurs

Published: 2025-04-16 | Translated from: news.mn

We spoke with economist, lawyer, and doctor B. Lkhagvajav about the economic situation in Mongolia. - How do you see the economic and social situation of Mongolia heading? - If we look at what has been happening in the last few days, since February, various kinds of shows and distractions have been thrown at society. All media attention is being focused on these, while big changes in the macroeconomy are being avoided. The reason is that they cannot make decisions, so they are avoiding dealing with it. Just look at what is happening at Sukhbaatar Square—it's all for show. These are just ways for our showman Prime Minister to get by. As of today, the price of cashmere has dropped. Coal prices are also down. Gold prices cannot make up for the loss in coal. Moreover, all the relatively stable businesses have been pledged (as collateral). All, whether large or small, domestic or foreign, are being threatened by the state. Most businesses are connected to state-owned enterprises. Behind this is a problem of 36 billion USD. Those who have invested in this large project and are managing it are forced to appease and manage the state, otherwise, their businesses are at risk of collapse. As a result, we find ourselves in a pitiful dictatorship regime, with society built around a small circle of key figures. - Has the business environment ceased to exist? - The main institutions that are supposed to create the environment for business are now not participating, and as a result, it is turning out just like the four major crises in 1990, 1995, 2009, and 2013—leaders run away from their responsibilities. At these times, attempts to make macro-level changes only make the situation worse. They immediately start printing money. For example, in 2013, they printed 2.7 trillion tugriks. Six months after printing money, inflation follows. How do we get out of this? That is supposed to be the job of the institutions assigned these responsibilities. Secondly, why are they treasuring the falling dollar so much? Just look at the current tariff war. I call this the Trump Shock. This shock will be volatile for the next few months. The next waves of the shock are coming. This is causing the global stock markets to fluctuate wildly, both rising and falling. Tremendous economic tsunamis are being created in terms of investment and economy. I am surprised we have a Prime Minister who is not sensing this. Every day, like other business people, when I try to buy dollars, the exchange rate rises by 10-20 tugriks. This is a real issue. In fact, the dollar should be dropping. These are the kinds of processes at play now. - You mentioned the next waves of the tariff war are coming in. How will this affect Mongolia's economy? - While such a huge tsunami is happening in the world economy, state officials, the Prime Minister, the Bank of Mongolia, the Ministry of Foreign Affairs, have all been silent. While they remain quiet, the main businesses and wealth creators have been thrown into the fire. Let's just take the dollar, for instance. In Mongolia, the dollar exchange rate is rising by 30-40 tugriks daily. Meanwhile, globally, in the past week, the US dollar has dropped by 6%. Based on this, in Mongolia, the tugrik should have appreciated by about 200 tugriks. Yet, this anomaly is happening only here. Since the Mongolian New Year, the exchange rate has increased by 4%. We are repeating the same economic crisis behavior as in the past, blaming money changers and traders. But the real problem is with the government, Bank of Mongolia, and the Ministry of Foreign Affairs. - The Bank of Mongolia says reserves are sufficient. Yet, the exchange rate keeps getting stronger day by day. How do you explain this? - If reserves are really sufficient, why are only $12,000 being released daily? Secondly, spring is when business activity picks up. At this point, we should be using our five trillion tugriks. The US dollar is falling globally, but in Mongolia, it is rising. Since Tsagaan Sar, the exchange rate rose 4%. Yet, elsewhere, as I said, it fell by 6%. All of this difference is being paid by Mongolian businesses today. The state is now taking away the income of businesses and emptying your pockets too. Tugrik depreciation means the money in your pocket is losing value. One million tugriks has become 900,000 in just ten days. Today's high-ranking officials have no knowledge of economics, finance, especially not crisis management economics. Prime Minister Oyun-Erdene, President Khurelsukh—they have no knowledge. That is why the Ministry of Finance and Ministry of Economic Development should learn from the last 60 years of US economic activity and react accordingly. Secondly, even the US itself is making massive macro-level plays. Consequently, those who have advance information on stocks and such are making big profits. We, as a small country with a small market, need to weather these fluctuations and avoid getting affected by macro movements as much as possible. But the actions being taken in the domestic market are in the opposite direction. The dollar is being strengthened, tugrik weakened, and government structure expanded. - Has the government managed to save on expenses? What should be done to get out of the economic crisis? - In September last year, the budget was revised. At that time, they reported additional income of three trillion tugriks and increased spending accordingly. But we recommended, if you listen to us, there's no need to revise—just save the money. In fact, the government has had an opportunity to save five trillion tugriks in the past six months. Now, the government must make rapid reductions. Fire over 40,000 officials, get rid of hundreds of customs inspectors; only then will you see real savings. Currently, the state apparatus is bloated. 260,000 people are working for the government, supporting them is the biggest pain for entrepreneurs. These people should move into the labor market. Secondly, the government must quickly enter the mode of tight savings. Coal prices might not fall fivefold like in 2015, but a threefold drop is likely. So, the government must drastically cut expenses in anticipation. Prepare measures in advance. In fact, what is happening in America is an attempt to re-concentrate production in America. There are always games played behind currency depreciation. In the 1990s, the US depreciated the dollar to take the car market from Japan. The more the dollar depreciates, the greater US exports become. The dollar being used is itself worth less. The other countries suffer in these cases. They're trying to repeat these games. In 1972, there was a major oil war. That time, they played similar games with Saudi Arabia. Mongolia wasn't even aware at the time. Every thirty years such macro games are repeated by the US. So, foreign trade officials, those working in the ministries, should at least study the main cycles of the past 60 years and monitor the trends to advise the authorities accordingly.

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Official Launch of the 'Financial Code for Women Entrepreneurs'

Published: 2025-04-16 | Translated from: news.mn

The opening ceremony of the "Financial Code for Women Entrepreneurs" program, organized under the auspices of the Speaker of the Mongolian State Great Khural, was held in the "Great Mongolia" hall of the State Palace. The Speaker of the State Great Khural, D. Amarbaysgalan, delivered the opening remarks for the program. In his speech, he emphasized that for Mongolia, joining the "Financial Code for Women Entrepreneurs" program is a significant step based on trust, responsibility, and development partnership, which is internationally recognized by the community and development organizations and aims to promote financial equality for women. He also noted that, currently, women entrepreneurs make up about 40% of all business owners in Mongolia, around 70% of small and medium-sized business owners, and women hold 37% of managerial positions in enterprises. Furthermore, the results of the research conducted by the Financial Market Training and Research Institute of the National University of Finance and Economics, titled "Opportunities to Increase the Role of Banks by Supporting Sustainable Financing for Women Entrepreneurs," indicate several pressing issues faced by women business owners. These include lack of collateral, inadequate financial literacy, limited business networks, constrained market access, prevailing gender stereotypes, insufficient policy support from the government, and a weak legal environment. Additionally, the Speaker of the State Great Khural expressed his commitment, both personally and on behalf of the parliament, to support women entrepreneurs and all related proposals and initiatives in the future.

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B. Javkhlan: Instructions have been given to coal and transport companies to realistically reduce the cost of export products

Published: 2025-04-16 | Translated from: ikon.mn

Using photos with special permission from MPA agency At the regular meeting of the government, Minister of Finance B. Javkhlan presented the decisions made regarding the revival of exports. He said: "Last week, the export volume of our country's main raw materials increased. In particular, a total of 278 million US dollars of exports were made, reaching the highest number so far this year. Exports from private mines had a positive impact on this result. In terms of coal, 1.9 million tons were exported. Since the beginning of the year, Mongolia's foreign currency reserves have reached 5.2 billion US dollars. At today’s meeting, a resolution was made to urgently take measures in two main directions related to exports. First, government administrative organizations were instructed to properly prioritize and export without delay the physical volume of export products from Gashuunsukhait, Shiveekhuren, Hangi, Bulgan, and Bichigt border crossings that have a substantial positive impact on foreign currency reserves. Regardless of whether the companies are state-owned or private, directions were given to take measures to reduce costs, with the aim to enhance competitiveness in export volumes. Specifically, instructions were given to coal and transport companies to realistically reduce the cost of shipping export products from the mines and the cost at the railway stations. The results of these actions will be presented at next week’s government meeting," he said. VIDEO: https://www.facebook.com/iKonNews/videos/692778216536082 Notice: Media organizations (TV, Radio, Social, and Web pages) are prohibited from using our information in whole or in part in any form, except with prior agreement and by mentioning the original source (ikon.mn).

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The Bank of Mongolia Serves as National Leader for the 'Financial Code for Women Entrepreneurs'

Published: 2025-04-16 | Translated from: news.mn

Under the auspices of the Speaker of the State Great Khural of Mongolia, the official launch of the 'Financial Code for Women Entrepreneurs' program took place at the State Palace. The opening ceremony was attended by the Speaker of Parliament D. Amarbayasgalan, the Governor of the Bank of Mongolia B. Lkhagvasuren, the Chairman of the Financial Regulatory Commission T. Jambajamts, as well as relevant officials from the European Bank for Reconstruction and Development, the Mongolian Bankers Association, and representatives of women entrepreneurs. In his opening remarks, Speaker D. Amarbayasgalan highlighted that globally, activities to establish a legal environment ensuring gender rights and equality are intensifying, and terms related to women-owned businesses and women’s small enterprises are being introduced into business practices and legal frameworks. The Governor of the Bank of Mongolia, B. Lkhagvasuren, said at the opening event: “The Financial Code for Women Entrepreneurs began in September 2024, with the signing of a memorandum of understanding between the Bank of Mongolia and the European Bank for Reconstruction and Development. Thanks to the close collaboration between the two banks, the program continues to expand further. Additionally, I am pleased to announce that Mongolia is the first country in the region to implement this initiative. The Bank of Mongolia acts as the national leader and central information integrator for the 'Financial Code for Women Entrepreneurs.' As the national organizer, we are developing a roadmap and plan to align this initiative with other policies and strategies.” With the launch of this initiative, Mongolia’s financial institutions will gather gender-disaggregated data, laying the groundwork for policies based on this information. International methodologies—such as gender taxonomies and a data system for women entrepreneurs—will be localized, and, in turn, enhance regulatory authorities’ ability to create data-driven policies. The initiative also provides a foundation to receive financial and technical support from international organizations like the European Bank for Reconstruction and Development and the Asian Development Bank. As of 2024 in Mongolia, women make up 45.4% of the workforce, with women’s participation exceeding 50% in sectors such as services, trade, and education. As of 2024, 42.1% or 3.3 billion MNT of bank loans issued to small and medium enterprises went to female borrowers at an average weighted interest rate of 17.1%, which is 0.8 percentage points higher than other types of loans. Moreover, the average loan amount per female borrower is 66.4 million MNT, which is half the amount of loans taken by male borrowers. Participants emphasized the need for coordinated national policies to improve women’s financial access and stressed the importance of cooperation between the government and the private sector. At the opening event, around 70 financial institutions and professional associations joined the 'Financial Code for Women Entrepreneurs' by signing their commitment. This action marks the beginning of a series of initiatives aimed at increasing financial services accessibility for women entrepreneurs.

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Kh. Gankhuyag: Even if We Sign a Trade Agreement with EAEU, Mongolia's Exports Will Only Grow by At Most 10 Percent

Published: 2025-04-16 | Translated from: isee.mn

At today's meeting of the Standing Committee on Economics, the draft of a temporary trade agreement between Mongolia and the Eurasian Economic Union and its member countries was discussed. Member of Parliament Kh. Gankhuyag said, "I doubt whether we are prepared for this agreement. Kyrgyzstan joined this union, but 60 percent of their foreign trade is done via informal channels. It's impossible to collect taxes. All their major businesses are owned by Russians. There is no way our enterprises can compete against such big money. Therefore, it is right to study the impact of the agreement and postpone it. There's no other way. The volume of imports from Russia will increase by 2-3 times. Our exports, at best, will only increase by 10 percent. People keep talking about exporting meat, but currently we can't even export meat to China. Kazakhstan and Kyrgyzstan are already looking for ways to leave this agreement. Therefore, we should approach this with caution." Minister of Economy and Development L. Gantomor commented, "Many people have expressed this concern. The reason we proposed a temporary agreement with the northern side is because over 90 percent of our trade is with the southern neighbor. We want to have balance. We were the ones who made the initial proposal, but the EAEU took a long time to respond. According to Minister U. Enkhtuvshin, there were many countries ahead of us, but following the meeting of state leaders of the two countries, the decision was made to start negotiations. In general, if we want to develop our agricultural production, this agreement is very beneficial. We will not join the EAEU itself. We will not even join as an observer country."

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Diplomacy

Kh. Gankhuyag: If We Sign a Trade Agreement with the EAEU, Imports from Russia Will Increase 2-3 Times, While Our Exports Will Grow at Most by 10%

Published: 2025-04-16 | Translated from: ikon.mn

With exclusive permission from MPA Agency for use of photographs. At today's session of the Parliamentary Standing Committee on Economics, the draft temporary trade agreement between Mongolia and the Eurasian Economic Union (EAEU) and its member countries was discussed. Under this temporary trade agreement, set for three years, our country will export 375 types of value-added goods to member states of the EAEU such as Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan, while these countries will also export 375 types of goods to Mongolia. These mainly include cement, eggs, powdered milk, and agricultural products. Regarding this issue, member Kh. Gankhuyag expressed his position, asked questions, and Minister of Economy and Development L. Gantomor responded. Member of Parliament Kh. Gankhuyag: I doubt whether we are ready for this agreement. Kyrgyzstan joined this union. Yet 60% of their foreign trade is done through informal means. They cannot collect taxes. All the big businesses are owned by Russians. Our enterprises have no chance to compete with that kind of capital. Therefore, it's right to study the impact of the agreement and postpone it. There is no alternative. Imports from Russia will increase 2-3 times. Our exports will only increase by at most 10%. People talk about exporting meat, but at the moment, we can't even export our meat to China. Kazakhstan and Kyrgyzstan are wondering how to exit the agreement. So we should approach this with caution. Minister of Economy and Development L. Gantomor: Many people have such concerns. Why did we propose a temporary agreement with the northern side? That's because over 90% of our trade is with the southern neighbor. We're seeking balance. We made the initial proposal. The EAEU took a long time to respond to us. According to Minister O. Enkhtuvshin, it was after the meeting of the presidents of the two countries that negotiations were agreed to be initiated. If we want to build up our agricultural production, this agreement is very beneficial. We are not joining the EAEU. We are not even joining as an observer. If we don't secure a market, it's impossible to predict the dangers a trade war might bring to our country. Securing your own market during a trade war is vitally important for a nation. In fact, domestically produced food products are not included in tariff concessions. Wheat and vegetables are fully protected. Vodka, beer, milk, and dairy products are also protected. Member of Parliament Kh. Gankhuyag: This sector is linked to the livelihoods of 600,000 people. The agreement will be for three years. You cannot say there is no risk, Minister L. Gantomor. You are about to suppress the main sector of the economy with your own hand. Your research is insufficient. They can enter our market freely, but we can hardly export anything. Minister of Economy and Development L. Gantomor: Is it appropriate for MPs from the previous parliament to be making such a fuss now? When the negotiations began, you should have made your voices heard then. There is no need to politicize the relations between the two countries. Some people always side with one of our two neighbors. The influence of such people should not be brought into state policy. The closest and most accessible market is to the north. We need to target that market. Member of Parliament Kh. Gankhuyag: I have no doubts about Russia. I have doubts about you. Show us your calculations and research first. Let's decide after that. Minister of Economy and Development L. Gantomor: We are approaching this issue with political color. The relevant agencies have already done the calculations and studies. The only uncertainty is the fear that we may not be able to sell our manufactured goods in that market. No one can guarantee buying your products. The better you manufacture your goods, the more you will be able to sell. The better your trading skills, the more you will be able to sell. Warning: Media organizations (TV, Radio, Social, and Web pages) are prohibited from using our information in whole or in part in any form, except by prior agreement and by citing the original source (ikon.mn).

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O.Tsogtgerel: Russia Has Given Us a Highly One-Sided, Ultimatum-Like Document

Published: 2025-04-16 | Translated from: isee.mn

At today’s Budget Standing Committee meeting of the State Great Khural (Parliament), the draft agreement between the Government of Mongolia and the Government of the Russian Federation for the supply of aircraft fuel to Mongolia was discussed. Specifically, it was mentioned that the Russian company Rosneft, in cooperation with Mongolia’s Erchis Oil company, has decided to establish a joint company at Chingis Khaan International Airport. The intergovernmental agreement prepared as a result of this decision has been brought to Parliament for discussion. During the session, the chairman of the Democratic Party group in Parliament, O.Tsogtgerel, stated, "If you look at Article 7 of the agreement, it is not just a long-term product supply contract. Specifically, the section on Mongolian tax exemptions and tariffs states that they will remain unchanged for 20 years, and the right to make any changes is explicitly closed off. Any changes in Mongolian laws will not be reflected in the agreement. In this way, the document is extremely one-sided and demands ultimatums. In the event of a dispute, it would be resolved in a Russian court. In truth, there is nothing in here to protect our side’s interests," he said.

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Postponement of the Issue to Negotiate a Temporary Agreement with the EAEU

Published: 2025-04-16 | Translated from: news.mn

In accordance with the schedule and order of issues to be discussed at the regular session of the 2025 Spring Session of the State Great Khural (parliament), the Standing Committee on Economy, the Standing Committee on Budget, the Standing Committee on Industrial Policy, and the Standing Committee on Security and Foreign Policy are holding meetings. The Standing Committee on Economy was supposed to discuss the draft temporary trade agreement between Mongolia and the Eurasian Economic Union and its member states, but decided not to discuss it due to insufficient research. Regarding this matter, committee member B. Munkhsoyel said, “This agreement is an important issue that has drawn the attention of producers. While the Standing Committee on Economy was scheduled to discuss it, the discussion was postponed. The reason is that a thorough public consultation must be conducted, but it is considered to have been inadequately carried out. The Food Producers' Association sent an official letter to Members of Parliament. The research results have been inconsistent. The Food Producers' Association commissioned the Economic Research Institute of the National University of Mongolia to conduct a study, which concluded that the benefits of this agreement are limited. However, research by the Ministry of Economy and Development suggested that it would be appropriate to proceed with the agreement.” Furthermore, although the chairman of the Standing Committee, Ts. Davaasuren, proposed that the meeting of the Standing Committee on Budget be held behind closed doors, the majority of members did not support this. As a result, the Minister of Energy, B. Choijilsuren, proposed to postpone discussion of the draft temporary trade agreement between Mongolia and the Eurasian Economic Union and its member states, and 52.6% of the members supported this motion. Accordingly, the decision was made to temporarily postpone discussion of the draft. In this regard, the Minister of Food, Agriculture, and Light Industry, J. Enkhbayar, emphasized, “By concluding a temporary agreement with the Eurasian Economic Union, the prices of products, except for about 20 types of goods that are domestically produced, will decrease and supply will improve.”

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Discussion on Strengthening Relations and Cooperation with Poland

Published: 2025-04-16 | Translated from: montsame.mn

Ganbaatar S., Chairman of the Standing Committee on Industrialization Policy of the State Great Khural (Parliament) of Mongolia, met today with Krzysztof Boyko, Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to Mongolia. They exchanged views on enhancing the level of relations and cooperation between the two countries, in the context of the 75th anniversary of the establishment of diplomatic relations, and discussed strengthening these ties to reach a comprehensive partnership by aligning their societal and economic development goals. Chairman Ganbaatar introduced the 14 mega projects included in the government action program of Mongolia, emphasizing the importance of learning from and localizing the innovative and technological best practices of major global industries and technology parks. He noted that the Standing Committee on Industrialization Policy is responsible for providing policy support in this area. He cited Poland's KGHM copper smelting and refining plants as examples and proposed intensifying cooperation in the economic, industrial, and technological sectors between the two countries. Mongolia is interested in studying Poland's experience in developing household, micro, small, and medium-sized enterprises, and expanding partnerships in areas such as food, agriculture, and light industry. He suggested exchanging information and recommendations and working together to improve the legal environment concerning these sectors. Ambassador Krzysztof Boyko underlined that strengthening mutual respect and trust between the peoples of the two countries and deepening cooperation in all fields are the goals of the comprehensive partnership. He noted that there are ample opportunities for cooperation, particularly in industrial production, including mining processing, legal, regulatory, and technological areas. Members of Parliament B. Uyanga and J. Zoljargal were also present at the meeting, according to the Press and Media Office of the State Great Khural.

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Infrastructure

Trains and Electrical, Mechanical Equipment for the Metro to be Sourced from the UK

Published: 2025-04-16 | Translated from: ikon.mn

The UK government's export credit agency UKEF, together with financial and legal advisors, sent a Request for Proposal (RFP) to eight of the world's leading banks. As a result, five leading global banks submitted Expressions of Interest (EoI) to become the main financiers, or Arrangers, of the Ulaanbaatar Metro project. After comparing the proposals, negotiations were held over two weeks with JP Morgan Chase Bank, culminating yesterday in the signing of an agreement appointing JP Morgan as the main agent and Arranger bank for the Ulaanbaatar Metro project. This bank, in collaboration with the project team, advisors, and UKEF, will develop the most optimal financing scheme in the coming months to ensure that there is no financial burden on the capital city. The bank will organize and attract 85% of the project's funding from international sources, oversee financial controls and regulations throughout the implementation and repayment periods, and work together with all stakeholders as a partner. Preliminarily, the loan guaranteed by the UK Export Credit Agency will not require repayment until the metro is operational, and will be a low-interest, stable loan with a 15-year repayment period after commencement of operations. A key loan condition is that 20% of the total amount must be used to purchase goods and materials from the UK. Mayor Kh. Nyambaatar stated that they are currently studying the procurement of Ulaanbaatar metro trains, as well as electrical and mechanical equipment, from the United Kingdom under these requirements. Notice: Media organizations (television, radio, social media, and websites) are strictly prohibited from using our information in any form, fully or partially, except with agreement and citing the source (ikon.mn).

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Mining 5PL Mining Transport Solution Launched by PickPack Worldwide

Published: 2025-04-16 | Translated from: ikon.mn

The "Mongolia Mining" International Mining Exhibition and Event, which brings together major players, representatives, investors, and partners in Mongolia's largest economic sector—the mining industry—is being organized for the 14th year! One of the largest behind-the-scenes forces that propels this sector, yet often remains unseen, is undoubtedly logistics, which coordinates and drives business forward. This year, "PickPack WorldWide", an introducer of 5PL logistics standards, is participating and offering its "Mining 5PL" service to clients engaged in the mining sector. Due to the specific characteristics of the industry, finding a reliable logistics partner for mining and special projects is itself a major challenge. The Mining 5PL service integrates comprehensive logistics solutions, including international transportation, customs clearance, warehousing, sorting and repackaging, and scheduled local delivery. A distinct advantage is that clients can monitor and manage all these services from any device and location through a unified system. If you are searching for a reliable logistics partner for your ongoing or upcoming projects, be sure to visit PickPack WorldWide's booth at stand J06! Notice: Media organizations (TV, radio, social media, and websites) are prohibited from using this information in whole or in part in any form, except with express agreement and only by citing the source (ikon.mn).

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FACT: Russia's Rosneft JSC Signed Agreement with Mongolia to Create a Joint Company to Manage and Use "Chinggis Khaan" Airport Infrastructure and to Supply Fuel for 20 Years

Published: 2025-04-16 | Translated from: isee.mn

Today, the Standing Committees on Economics, Budget, and Security and Foreign Policy of the Mongolian Parliament will discuss two significant issues related to dependence on Russia. This agreement was signed during President V. Putin's term, with signature from Mongolian Minister of Industry and Mineral Resources Ts. Tuvaan, and is supported by the Cabinet. Specifically, they will discuss the draft "Temporary Trade Agreement between Mongolia and the Eurasian Economic Union and Its Member States," as well as the draft "Agreement between the Governments of Mongolia and the Russian Federation on Supplying Aviation Fuel to Mongolia." Both have been submitted for consultation by the Cabinet. The push for Mongolia to join the Eurasian Economic Union, which was formed by President V. Putin and includes five countries from the former Soviet Union, is pressure from Russia. According to previous information, the intention is for Russia to export goods that have been restricted internationally to Mongolia. While Mongolia is expected to export wool, cashmere, and agricultural products in exchange, economists warn that this will be disadvantageous for Mongolia's exports and harmful to Mongolian food producers. Now, another critical issue, possibly under Russian pressure, is being added to the agenda: the Intergovernmental Agreement on Aviation Fuel Supply to Mongolia. Specifically, Russia's Rosneft company and Mongolia's Erchis Oil company have agreed, under a government-to-government agreement, to create a joint company based at Chinggis Khaan Airport. On the 4th of this month, Prime Minister L. Oyun-Erdene sent an official letter titled "On Consulting the Issue" to the Chair of Parliament D. Amarbayasgalan. The letter states: "At the Cabinet meeting on April 2, 2025, the Government of Mongolia discussed and supported the Intergovernmental Agreement on Supplying Aviation Fuel to Mongolia and decided to consult with the relevant parliamentary standing committees." This agreement was established during President V. Putin's visit to Mongolia last September, with preliminary signatures from Mongolia's Minister of Industry and Mineral Resources, Ts. Tuvaan, and Russia's Minister of Energy, S.E. Tsivilev. The Russian company will bring all equipment and labor from Russia, enjoy tax incentives in Mongolia, receive payments on time, and any issues will be resolved in a Russian court, according to the agreement. According to the agreement: - The authorized bodies of both parties will establish a joint company to manage and operate the infrastructure of Mongolia's "Chinggis Khaan" International Airport Complex. - The joint company will operate and manage the complex to continuously, stably, and uninterruptedly supply aviation fuel and provide aircraft refueling services at "Chinggis Khaan" Airport. - The supply of aviation fuel to the joint company will be handled by a Russian-authorized entity. - The joint company will handle all activities related to selling aviation fuel at "Chinggis Khaan" Airport (including supply, storage, refueling, sale, delivery, and transportation). - The Mongolian side will ensure that laws and regulations established to manage the sale of petroleum products in Mongolia's domestic market apply to the activities of the joint company. - The Russian-authorized body will be provided with all the necessary permits, licenses, and documents required to operate the complex. - In connection with the management, operation, and development of the complex, conditions will be established for the employees of the Russian organization and its subcontractors to enter, exit, stay, and work in Mongolia. - Materials, construction equipment, and machinery necessary for the use and development of the complex will be imported through Mongolian and Russian borders under a simplified customs regime. - Payments related to investment activities, including the transfer of compensation for expropriated investments, will be made without hindrance from Mongolian territory. - The Mongolian side must make payments on time. - If, after the signing of this agreement, there are changes in Mongolian law that result in increased taxes, tariffs, fees, or quotas for foreign nationals, or if new taxes, tariffs, fees, including customs and other taxes, are introduced or previous exemptions and privileges granted to the Russian organization or the joint company under this agreement or Mongolian law are revoked, it will be deemed that the circumstances for the Russian side have worsened. - If a dispute is not resolved within 2 months from the start of the dispute, either party may refer the matter to the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation under its relevant rules and procedures. - The agreement will be valid for 20 years from the date the last party notifies via diplomatic channels that they have completed the necessary domestic procedures for it to take effect. In other words, the agreement grants significant privileges to Russia, and it does not specify how Mongolia will receive taxes and fees. According to the agreement, Rosneft will supply fuel for Mongolian aircraft, importing its own equipment and personnel from Russia. While carrying out these activities, all types of tax incentives will be provided from the Mongolian side, and the Russians will be given free entry and exit. If a dispute arises, it will be settled in a Russian court within two months. Despite being disadvantageous to Mongolia and containing many uncertainties, the agreement will be discussed at the standing committee meeting today. It is also reported that after making a temporary agreement with the Eurasian Economic Union and the aviation fuel supply agreement, Russia will introduce issues such as including the Russian language in Mongolia's school curriculum and the renovation of the Third Power Plant.

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The Budget for the Tuul Expressway Needs to Be Increased by Over ₮300 Billion

Published: 2025-04-16 | Translated from: ikon.mn

The budget for the Tuul Expressway has been decided to be revised. The issue is being resolved by the Ulaanbaatar City Citizens' Representative Council (NICRC) through two discussions, with the first discussion already held. Regarding why the revision became necessary, Ulaanbaatar's first deputy governor T. Davaadalai explained: "The development plan for Ulaanbaatar includes the Tuul Expressway project, and in January 2025, NICRC approved its budgeted cost. The project had initially been approved in 2024 for a 32-kilometer, four-lane highway with a budget of 916 billion MNT, based on the general assessment of the project’s drawings and estimates. In the regular government meeting of January 2025, a decision was made to expand the expressway to six lanes and include bridge structures for the parts passing through central areas. Accordingly, the NICRC resolution of 2025 increased the total project cost to 1 trillion 965 billion MNT. However, it has become necessary to increase the length of certain bridge structures related to the connection with Ulaanbaatar's first ring road. The length of bridges increased from 6,771 meters to 9,878 meters. Secondly, due to a new order by the Minister of Road and Transport in 2024, the reference wage for workers and the hourly rate for machinery usage were updated, requiring revisions to the feasibility study and project designs. According to these two requirements, when the Tuul Expressway project plans were modified and reviewed by experts at the Construction Development Center, the total project cost rose to 2 trillion 384 billion MNT. As a result, a draft resolution to amend the project’s budget has been submitted." NICRC representative B. Zoltuya stated: “We need a detailed explanation as to why the Tuul Expressway project’s budget is being revised. I am concerned. Revising the budget after approval is a violation of the law.” City Mayor Kh. Nyambaatar responded: "After the state budget is ratified and formalized, the city budget should be approved. However, there is always a timing conflict during the restriction period, endorsement period, and city budget approval period. We approved our submitted project. But starting January 1, 2025, the decision to increase labor and machine-hour costs by 50% each, according to the order of the Minister of Finance, has come into effect. In other words, the periods for drafting feasibility studies, NICRC approval, and state budget approval overlap. We have prepared a feasibility study and budget estimates that meet the requirements of international banks, but a difference of about 300 billion MNT has emerged. Specifically, the costs of distant bridges were not fully reflected in the estimate, nor were all labor costs for the city passages included. Therefore, both the developer and client organizations formed a working group, and finally, expert reviews at the Construction Development Center resulted in a budget estimate of 2 trillion 384 billion MNT. The Tuul Expressway project will be completed under the conditions that payment will be made as feasible. The construction will be completed and handed over within 24 months from the start. Costs and timing should not be exceeded." According to his information, construction costs will be paid over 48 months, covering the years 2025, 2026, 2027, and 2028. The expressway will be toll-based, with revenues funneled into the Road Fund. The feasibility study for the ring expressway is about 70% complete, and the final route has been approved by the government. To finance the ring road construction, it is planned to make advance payments using 1% corporate income tax incentives and repay with a government-guaranteed 15-year loan. He stated that regardless of whether the Tuul Expressway budget amendment resolution is approved by NICRC, a tender to start construction will be announced as promised to the citizens of Ulaanbaatar. The head of the Legal and Compliance Department at the NICRC Working Office, Mr. Chantsalnyam, explained that revising the Tuul Expressway project's budget does not violate the law. Notice: Media organizations (TV, Radio, Social, and Web pages) are not permitted to use this information in whole or in part in any form, and may only do so by citing the original source (ikon.mn) by prior agreement.

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Kh. Nyambaatar: The 45 Billion MNT for Subsidies to Households Switching to Gas and Electric Heating Will Be Provided by 'Tavantolgoi Tulsh' Company

Published: 2025-04-16 | Translated from: ikon.mn

The policy to approve the procedure for granting price discounts on the installation and use of electric heaters and all types of gas fuel devices for households in the ger districts of the city's air quality improvement area was discussed by the Ulaanbaatar City Citizens' Representative Khural for about four hours yesterday and then adopted. This year, 45.9 billion MNT will be allocated as price discounts for 51,080 households in green zones switching to electric and gas heaters between September 15 and May 15. The 'Tavantolgoi Tulsh' company plans to save up to about 75 billion MNT by reducing production and streamlining its workforce, thus covering the subsidy costs. During the meeting, City Mayor Kh. Nyambaatar explained, "According to a 2022 study by the JICA international organization, about 56% of Ulaanbaatar’s air pollution is from household fuel combustion in the ger districts. Nitrogen oxide pollution from over 500,000 vehicles in daily traffic, and a small percentage from thermal power plants and small-to-medium boilers, were also identified. Based on these findings, an action plan to combat air pollution was created. In Ulaanbaatar, a yellow and green zoning system was established, and a plan to switch the yellow zone from solid fuels to gas and electric heating within two years was approved by the National Committee on Air and Environmental Pollution." "Accordingly, measures are being taken to switch 51,000 households to gas and electric heating systems in the winter of 2025-2026. This requires purchasing heating equipment, cooperating with families to insulate homes and buildings, and ensuring a stable supply of electricity and gas fuel. In addition to giving subsidies to households that switch to gas and electric heating, nighttime tariff discounts will remain in effect. Professional organizations have calculated and researched solutions to support households during the heating season, specifically in October, November, December, January, February, March, and April. For switching 51,000 households to gas and electric heaters, and to provide support for those already using electricity during the day, it is planned to provide about 45 billion MNT in subsidies for one winter. According to two governmental decisions, the 45 billion MNT source will come from the improved fuel plant’s income. For the first time, discussions to trade carbon credits for air pollution reductions under the Paris Climate Agreement are ongoing. Additionally, the World Bank’s country office in Mongolia announced yesterday that they would non-reimbursably finance 25% of the first batch of equipment supplied, per regulations. Our biggest challenge this year is to insulate the 51,000 households switching to gas and electric heating in time for the start of the heating season. The total subsidy amount cannot be increased. The "Tavantolgoi Tulsh" company’s board has prepared calculations and a business plan. The regulations do not stipulate that the subsidy must be granted during the entire period from September 15 to May 15 but are formulated based on the heating season. The support during the peak of winter is meant to prevent financial strain on citizens, so the draft regulation includes granting a 250,000 MNT subsidy in January, Mongolia’s coldest month with the harshest winter days." From the procedure of providing price discounts on the installation and use of electric and gas fuel heating devices for households in the city’s air quality improvement zones: Price discounts for 51,080 green zone households switching to electric and gas fuel heating will be granted as follows, from September 15 to May 15: - 25,000 MNT in September - 50,000 MNT in October - 100,000 MNT in November - 200,000 MNT in December - 200,000 MNT in January - 200,000 MNT in February - 50,000 MNT in March - 50,000 MNT in April - 25,000 MNT in May. Warning: Media organizations (TV, radio, social and web pages) are prohibited from using our information in full or in part in any form, unless the source (ikon.mn) is cited according to agreement.

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Discussion on the Natural Gas Pipeline Project

Published: 2025-04-16 | Translated from: montsame.mn

Advisor to the Minister of Industry and Mineral Resources, L. Choi-Ish, received a delegation led by Qian Xingkun, Board member and Secretary of the Economic and Technological Research Institute of China National Petroleum Corporation (CNPC). During the meeting, the parties exchanged views on cooperation in the oil sector, trade in petroleum products, exploration and research, as well as the project to construct a natural gas pipeline through the territory of Mongolia. Mr. Qian Xingkun introduced the activities of the research center and expressed gratitude for the support provided by the Ministry of Industry and Mineral Resources in developing bilateral cooperation. Advisor to the Minister, L. Choi-Ish, noted that the meeting between Mongolia's Prime Minister L. Oyun-Erdene and CNPC Chairman Dai Houliang during the Prime Minister's visit to China was an important step in expanding cooperation in the oil industry between the two countries. He emphasized the importance of resolving issues mutually and beneficially and expressed that the ministry would support the expansion and advancement of cooperation in the oil sector with practical and effective policies and actions. According to the Ministry of Industry and Mineral Resources, representatives from CNPC's Overseas Investment Environment Research Center, Natural Gas Market Research Center, Exploration and Production Research Institute, and PetroChina Daqing Tamsag LLC attended the meeting.

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Ordered to Expedite Coal Transportation Through Special Channels

Published: 2025-04-16 | Translated from: news.mn

The regular meeting of the Government was held, and the following issues were discussed and resolved. Enterprises were given orders to urgently organize the export of purchased coal through special channels
A government resolution was issued on measures to increase coal exports. According to the decision, the Minister of Mongolia, Chairman of the National Committee for Port Recovery B. Tulga, Minister of Road and Transport B. Delgersaihan, and other relevant officials were tasked with promptly organizing the export of coal purchased by enterprises that have signed long-term "Coal Sales and Purchase Agreements" with Erdenes Tavantolgoi JSC, through special channels without delay. The management of Erdenes Tavantolgoi JSC was also instructed to prepare coal for sale to contracting enterprises, increase extraction, and ensure loading operations proceed smoothly and promptly. Due to falling coal prices and uncertainty about the future, the main export border point, Gantsmod, has experienced a backlog, as coal already purchased cannot be resold, leading to a decrease in exports. In the first quarter of this year, Mongolia exported 17.5 million tons of coal, which is a 3.3% decrease compared to the same period last year. The drop in coal prices has also negatively affected mining product exchange trades. In the first quarter of 2025, Erdenes Tavantolgoi JSC organized 47 exchange trades, of which 12 were successful and 35 unsuccessful. Therefore, to increase Mongolia's total coal exports, support the mining product exchange, and protect foreign currency reserves, a resolution was issued to allow coal from the existing long-term coal sales agreements of Erdenes Tavantolgoi JSC to be exported through special border channels. B. Javkhlan: Foreign exchange reserves have reached $5.2 billion, a $230 million increase from last week
The head of the working group responsible for increasing exports and addressing urgent issues, Finance Minister B. Javkhlan, presented an update on the export of mining products and the status of foreign currency reserves. The working group is implementing the comprehensive measures approved by the Government Resolution No. 135 of March 19, 2025, aimed at increasing the export of mining products and growing the national foreign currency reserves. Export revenues reached US$278 million this week, a 17% increase from the previous week. This growth was mainly driven by coal exports rising to 1.9 million tons, up by 25%. At the Gashuunsukhait port, although coal stockpiles remain high, Chinese imports have increased lately and are expected to continue improving. Through the Shiveekhuren port, 758,000 tons of coal were exported last week, the highest since the start of the year. However, coal exports via Khangi port stood at 1.4 million tons, which is a 32% drop compared to the same period last year, and relevant measures are being taken to increase exports from there. Last week, mining product exchange trades achieved the highest transaction volume of the year, with a total of 480,000 tons of coal traded. Other mining exports, such as copper concentrate and iron ore, also continue to rise: copper concentrate exports rose by 2% to 42,000 tons, while iron ore exports grew by 14% to 177,000 tons. As of April 15, 2025, foreign currency reserves have reached $5.2 billion, increasing by more than $230 million from the previous week. To further increase foreign currency inflows, the working group presented upcoming measures and discussed a draft government resolution on introducing green channel systems for coal exports, allocating land in port zones, and measures to increase port throughput. Decisions on the Khangai region from the Government meeting
In accordance with the National Policy on Regional Development, the expanded meeting of the Khangai Regional Council was held in Tsetserleg city, Arkhangai province. In response to proposals from the meeting, aligned with the Government's action program, the following decisions were adopted. 1. To accelerate development in the Khangai region:
- Begin the Arkhangai Province thermal power plant project using soft loans from the Export-Import Bank of the Republic of Korea and resolve stagnation in the Bayankhongor and Uvurkhangai thermal power plant projects;
- Conduct a detailed environmental assessment for the Baydrag hydropower station project;
- Implement, in public-private partnership by 2026, a 10 MW solar and 20 MWh battery storage station project in each province of the region;
- Allocate the necessary financing for the technical and economic feasibility studies for roads from Bogd soum, Uvurkhangai province to Gurvantes soum, Umnugobi province, from Bayankhongor soum, Bayankhongor province to Bulgan soum, Arkhangai province, and for Arvaikheer-Taragt-Uyanga soum roads, as well as fund the Mandal-Ovoo road section from the Arvaikheer-Mandalgovi-Choir east-west road in Uvurkhangai;
- Commission engineering infrastructure facilities in local development centers and quickly complete design work for other sum engineer infrastructure;
- Build new clean and waste water systems and treatment facilities at Tsenkher spa in Tsenkher soum, Arkhangai, in Bayanglig soum and Shargaljuut village of Bayankhongor, and conduct feasibility studies for water treatment expansions in Rashaant, Bulgan, and Kharkhorin, Uvurkhangai province;
- Study the establishment of branches of agricultural and other required universities, in line with regional leading economic sectors and labor market needs, and diversify professional and technical education institutions;
- Develop pilot livestock herds, process animal raw materials, and promote agricultural, food, and service industries through projects and measures to be jointly developed with the regional council. 2. To develop the Khangai region as a specialized tourism area:
- Jointly develop a Khangai region tourism development plan with involvement of NGOs and professional associations;
- Study land allocation for tourism service companies and individuals along tourist routes and inter-city highways, and draft relevant legislation;
- Study and resolve the issue of financing for the "History, Ethnography, and Natural History Museum" in Bayankhongor province and for the Orkhon Valley World Heritage Administration building in Kharkhorin, Uvurkhangai province. In addition, it was decided to establish a meteorological radar station and associated facilities in Kharkhorum city, Uvurkhangai, to accurately identify cloud movements and extreme weather events and strengthen the early warning system. It was also decided to allocate funding from the government's reserve fund for the design of 53 km of unplanned road between Gurvanbulag and Elsen Tasarkhai and 224.6 km between Bogd sum and Shiveekhuren port—both segments of the larger Baga Ilenkh-Shiveekhuren road. It was resolved to allocate funds from the Government reserve for the commemoration in 2025 of the 390th anniversary of the birth of Undur Gegeen Zanabazar, a prominent figure in Mongolia's state, religion, and cultural arts. Effective implementation of the measures outlined in the draft resolution is expected to improve cooperation between government and local organizations, increase economic efficiency of the provinces, promote Mongolia abroad, and develop tourism infrastructure that attracts tourists.

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Standing Committees Support Draft Agreement to Establish Joint Company with Russia for Aircraft Fuel Supply

Published: 2025-04-16 | Translated from: isee.mn

The Standing Committee on Budget and the Standing Committee on Economics of the State Great Khural discussed and supported the draft agreement between the Government of Mongolia and the Government of the Russian Federation on supplying aircraft fuel to Mongolia, as proposed by the government. According to the draft agreement, a joint venture with Russia will be established to ensure the continuous, stable, and uninterrupted supply of aviation fuel and refueling services at "Chinggis Khaan" International Airport. Additionally, the company will be authorized to sell, supply, store, refuel, distribute, deliver, and transport aviation fuel at the airport. Previously, MIAT SOE had announced tenders and selected companies to supply aviation fuel. Since 2020, this service has instead been performed by the state-owned "Erchis Oil" company. Mongolia consumes about 70,000 tons of aviation fuel annually, and according to the draft agreement, the joint Mongolia-Russia company will supply jet fuel for a period of 20 years upon ratification of the agreement. The joint venture will be established under "Erchis Oil" company with a 60% Mongolian and 40% Russian shareholding. "Erchis Oil" will not transfer its infrastructure or assets to the joint venture; instead, the joint company will operate on a lease basis and conduct its sales independently, emphasized Ts.Tuvaan, Minister of Industry and Minerals.

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Today, Electricity Outages Scheduled in Certain Areas of Chingeltei, Bayanzurkh, Khan-Uul, and Songinokhairkhan Districts

Published: 2025-04-16 | Translated from: isee.mn

The schedule for maintenance work on the electric grid has been announced. Electricity will be restricted in certain areas of Chingeltei, Bayanzurkh, Khan-Uul, and Songinokhairkhan districts, as well as some locations in Tuv province. Please refer to the following information for further details.

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Households Switching to Electric and Gas Heaters Will Receive 800,000-900,000 MNT Incentive

Published: 2025-04-16 | Translated from: unuudur.mn

At the 3rd meeting of the Citizens' Representative Khural of the capital city, the issue of approving a regulation on improving the air quality of Ulaanbaatar, installing electric and gas heating devices for households in ger districts, and providing price incentives for their usage was discussed. A survey has identified over 51,000 households in the green zone that will switch to electric and all types of gas heaters in 2025, and it is planned to provide price discounts over a period of seven months, from October 1 to April 30 of the following year. Specifically, households will receive 50,000 MNT in October, 100,000 in November, 200,000 in December, 250,000 in January, 100,000 in February, and 50,000 each in March and April, totaling up to 800,000-900,000 MNT per household as an incentive. In the green zone, 10,850 households in Songinokhairkhan district’s 23rd and 21st, and Bayangol’s 9th, 10th, 11th, 21st, 22nd, 23rd khoroos will switch to electric heaters. For gas heaters, residents from Songinokhairkhan’s 8th, 9th, 11th, 28th, 30th, 39th, 43rd; Bayangol’s 16th; Sukhbaatar’s 12th, 13th; Bayanzurkh’s 29th; and Chingeltei’s 7th, 8th, 9th, 10th, 11th, 12th, 13th, 14th, 20th, 21st khoroos, as well as for natural gas usage in Bayanzurkh’s 2nd, 21st, 27th, 30th, 31st khoroos, totaling 40,234 households, will switch to these options.

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Schedule of Power Outages in the Capital and Certain Districts of Tuv Province on April 17

Published: 2025-04-16 | Translated from: ikon.mn

With the special permission of MPA Agency, the following photo is used. In April 2025, scheduled maintenance is being carried out on the power lines and equipment in Ulaanbaatar city. Tomorrow, on April 17, maintenance is scheduled in certain neighborhoods of Bayanzurkh and Songinokhairkhan districts of the capital, as well as in Zuunkharaa, Erdene, Arkust, Bayandelger, and Bayan soums of Tuv province. Electricity will be cut off for some households and businesses in these areas during the repairs. "UBCTS" JSC urges citizens and organizations to be patient, as the maintenance work is carried out only after disconnecting the equipment from the power supply. On Thursday, April 17, the following locations will have scheduled power outages: You can view the full schedule by clicking HERE. Notice: Media organizations (Television, Radio, Social Media, and Websites) are prohibited from using our information in full or in part in any form, except with permission and by citing the source (ikon.mn).

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Authorities Ordered to Expedite the Transfer of Coal Purchased by Enterprises Through a Special Route

Published: 2025-04-16 | Translated from: montsame.mn

At today's government meeting, a resolution was issued regarding measures to increase coal exports. According to this resolution, the Minister of Mongolia, the Chairman of the National Committee for Port Revival B. Tulga, the Minister of Road and Transport B. Delgersaihan, and relevant officials are tasked with promptly organizing the transfer of coal purchased by enterprises that have signed long-term "Coal Purchase and Sale Agreements" with Erdenes Tavan Tolgoi JSC through a special route, without delay. Furthermore, the management of Erdenes Tavan Tolgoi JSC was instructed to ensure the preparation of coal for sale, to increase production, and to organize loading operations without obstacles and with urgency for those enterprises that have signed the agreements. Due to the fall in coal prices and ongoing uncertainties, companies have been unable to resell their purchased coal, leading to the accumulation of coal at the Gashuunsukhait border crossing, the main export port, thus decreasing exports. In the first quarter of this year, Mongolia's coal exports amounted to 17.5 million tons, which is a 3.3% decrease compared to the same period last year. Additionally, the drop in coal prices has negatively impacted Mongolian mineral commodity exchange trading. In the first quarter of this year, Erdenes Tavan Tolgoi JSC organized a total of 47 exchange trades, of which 12 were successful while 35 failed. Therefore, in order to increase Mongolia's total coal exports, support the operation of the mineral exchange, and protect foreign currency reserves, the government has issued a resolution to organize measures to transfer coal contracted under long-term purchase and sale agreements with Erdenes Tavan Tolgoi JSC through a special border route, according to the Government Media and Public Relations Department.

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Society

Over 9,900 Foreign Citizens Legally Work for Wages and Income in Our Country

Published: 2025-04-16 | Translated from: ikon.mn

The National Statistics Office (NSO) announced Mongolia's social and economic statistics for March 2025. During this presentation, L.Enkhbaatar, Head of the Monetary, Finance, and Service Statistics Department, delivered labor market statistical information as follows: As of the first quarter of 2025 in our country: 9,900 citizens from 103 foreign countries are working under employment contracts to earn wages and income. Additionally, some are engaged in voluntary work without the objective of earning wages or income. During the same period, a total of 213 Mongolian citizens were placed abroad to work under employment contracts, which is 111 people or 34.4% fewer compared to the same period last year, but 46 people or 27.5% more than the previous quarter. Notice: Media organizations (TV, radio, social and web pages) are strictly prohibited from using our information, in whole or in part, in any form, unless agreed and with explicit acknowledgment of the source (ikon.mn).

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Districts Eligible for 900,000 MNT Bonus from the Capital City

Published: 2025-04-16 | Translated from: news.mn

Ulaanbaatar city will be divided into green and yellow zones for the upcoming winter, and burning fuels other than electricity and liquid fuel will be prohibited. Officials have calculated that removing the chimneys from 51,000 households living in smokeless zones will reduce air pollution by 29.5%. Additionally, each household will be granted a bonus of 900,000 MNT over seven months. Residents can qualify for this benefit by registering with their district chief that their homes have been insulated against heat loss. Regarding this, Deputy Mayor A. Amartuvshin announced at the City Council session, "We have calculated that removing the chimneys of 51,080 households in the city's ger districts will reduce air pollution by 29.5%. This year, we have included the price subsidy for the 51,000 households in the green zone that will switch to electric or all types of gas heating. Price subsidies for more than 51,000 households switching to gas fuel will be given for a total of seven months, from October 1, 2025, to April 30, 2025. In detail, households will receive 50,000 MNT in October, 100,000 MNT in November, 200,000 MNT in December, 250,000 MNT in January, 100,000 MNT in February, 50,000 MNT in March, and 50,000 MNT in April—a total of up to 900,000 MNT per household." Moreover, in the yellow zone, which aims to reduce air and environmental pollution, more than 147,000 households will be included. These households will be provided with double combustion stoves that meet standards, and 95,000 households will be involved in an insulation project, as emphasized by Mayor Kh. Nyambaatar. About a month ago, he said, "At a Cabinet meeting of Mongolia, a resolution was approved regarding measures to reduce air pollution in Ulaanbaatar. As part of this, a decision was made to shift about 50,000 households in the most polluted zones to gas and electric heaters. This work will be completed before the next winter heating season, and households must insulate their homes against heat loss. If this condition is met, households can choose either gas or electric heating, and will receive a monthly subsidy of 100,000 MNT during the heating season. "Currently, more than 200,000 households in Ulaanbaatar use solid fuel or improved coal briquettes. Also, about 2,500 households and businesses use low-pressure boilers for heating. Additionally, thermal power stations and 804,000 vehicles contribute to the city’s air pollution. According to a JICA international study, more than 50% of the pollution comes from the chimneys of households in ger districts. This is why the government passed this resolution. All ministries, not just the city, will cooperate. This will mark the beginning of significantly reducing air pollution," he said. Of the city's green zones, 10,850 households in districts 23 and 21 of Songinokhairkhan, and districts 9, 10, 11, 21, 22, and 23 of Bayangol district will be included in the electric heat program. For gas heat, households from districts 6, 8, 9, 11, 28, 30, 39, and 43 of Songinokhairkhan, districts 12 and 13 of Sukhbaatar, district 16 of Bayangol, district 29 of Bayanzurkh, and districts 7, 8, 9, 10, 11, 12, 13, 14, 20, and 21 of Chingeltei will be included. For natural gas heating, districts 2, 21, 27, 30, and 31 of Bayanzurkh district, totaling 40,234 households, will be transitioned, according to officials.

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Increasing Women's Participation in the Heavy Machinery Sector

Published: 2025-04-16 | Translated from: montsame.mn

The Ministry of Education will implement the project "Increasing Women's Participation through Gender-Sensitive Dual Training in the Heavy Machinery Sector." The Ministry of Education, GIZ's "Partnership-based Technical and Vocational Education and Training II" project, Transwest Mongolia LLC, Sandvik Mongolia LLC, and MSM Group LLC are collaborating to implement this project at the Polytechnic College in Umnugovi province and the Polytechnic College in Nalaikh district, both affiliated with the Mongolian University of Science and Technology (MUST). Within the project, a dual training program for heavy machinery mechanics, technicians, and operators will be developed. Teachers, engineers, factory and technical staff will be involved in short-term soft skills training. Specifically, the program will provide short-term training for 15 teachers, 50 unemployed individuals, and 5 engineers, totaling 115 people. A specified portion of these trainees will be women. In addition, by training 30 students in the heavy machinery sector over a three-year period, the number of entrants is expected to increase by 20 percent. Furthermore, 200 high school students are scheduled to receive information about the job opportunities in the heavy machinery sector.

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Environment

Efforts Underway to Fully Extinguish Forest and Grassland Fire

Published: 2025-04-16 | Translated from: isee.mn

A report was received that dried grass was burning in Shar Kholoin Valley, 33rd khoroo of Bayanzurkh district. Responding to the report, firefighters and rescue personnel from Fire Extinguishing and Rescue Units 35 and 63 of the Bayanzurkh District Emergency Department, along with their equipment and professional teams, acted quickly and managed to contain the fire by 14:47. The Bayanzurkh District Emergency Department and professional teams from the district are working to fully extinguish the fire. The Capital City's Emergency Department is warning residents to be cautious of forest and grassland fire risks as dryness levels have been increasing in recent days.

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The “Sustainable Development – Green Future” Expo Sale to Be Held

Published: 2025-04-16 | Translated from: ikon.mn

State Bank, which supports green development, is organizing the "Sustainable Development – Green Future" expo sale for the second year. This expo sale is aimed at promoting environmentally friendly products and services to the public, spreading knowledge and information about sustainable development, and is notable for offering a platform where sector specialists discuss outstanding challenges, give presentations, and openly answer the public’s questions and provide advice. Last year, during the expo sale, a discussion was held on the topic "New Technological Solutions for Private Houses, Opportunities for Reducing Costs, Quality Standards, and Increasing Accessibility to Green Loans." As a result, not only did the bank introduce products and services tailored to customer needs to the market, but also created opportunities for self-employed individuals and builders to find jobs. This time, industry experts and policymakers will discuss, under the theme of "SUSTAINABLE DEVELOPMENT – GREEN BUILDING," how green projects and programs to be implemented now and in the future, aligned with global sustainable development goals, offer opportunities and solutions for the future trend and sector development. Also, this time, government and private sector organizations will co-organize the event, expanding its scope and making it the largest expo sale focused on sustainable development held domestically. During the expo sale, clients will be able to get acquainted with the latest advanced and environmentally friendly technologies, receive information about green loans on the spot, and have the opportunity to purchase the following products: - Renewable energy equipment; - Eco-friendly sewage systems and insulation materials; - Eco-friendly transportation vehicles; - Energy-efficient private homes; - Energy-efficient appliances. When: From April 17 to April 23, 2025, every day from 11:00 to 20:00
Where: MUESO (Mongolian Trade Union Culture Palace) We invite esteemed customers to visit the "Sustainable Development – Green Future" expo sale and make environmentally friendly choices. State Bank, the green development supporter Attention: Media organizations (TV, Radio, Social and Web sites) are prohibited from using our information in any form, in full or in part, and may only use it with permission by citing the original source (ikon.mn).

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Innovation

J.Aldarjavkhlan: Let's Try Blocking Facebook in Mongolia for Three Months. I Really Want My Proposal to Be Tried Out.

Published: 2025-04-16 | Translated from: ikon.mn

With the special permission of MPA agency for using the photograph At a recent meeting of the Standing Committee on Legal Affairs of the Parliament, information was heard from the Minister of Justice and Internal Affairs, the Minister of Education, the Minister of Family, Labor, and Social Protection, and the Minister of Digital Development, Innovation and Communications regarding peer bullying, discrimination, and psychological abuse among adolescents in the digital environment and its consequences. At this time, Parliament Member J. Aldarjavkhlan proposed to block Facebook—the most widely used social network by Mongolians—for three months. He said: "We keep discussing issues here that actually cannot be resolved in Mongolia. No matter how much we talk and make major laws, only the companies that own these platforms make the decisions. How does the Ministry of Digital Development communicate with these companies? Do they even care? How are Facebook, YouTube, TikTok communicating with you? Please give a clear answer. Secondly, Facebook is not just a children's issue, it has become a general Mongolian issue. Anyone can go live, sell things, insult others—it's become a major tool for that. It's hard to protect children from crime in the digital space, especially on Facebook. I have an idea—what if we try to block Facebook in Mongolia for three months and monitor the effects? See which platforms crimes move to. We can live without Facebook. Why can’t we initiate such a measure? All sorts of bad things happen on Facebook. If we block it for a month or three, a lot will become clear. It will also become apparent whether cybercrime is connected to Facebook or not. Now there are no children playing outside anymore. How can we encourage children to go outside and interact socially? What is the Ministry of Education and the Government thinking about this?" he asked the relevant ministers. In response, Minister of Education P. Naranbayar said: "It is a very interesting proposal. I tried to imagine it. I have 101,000 followers. If we had to go without Facebook for six months, how would our information reach the public? What would happen to the media? A very interesting situation would occur. It's worth trying within certain boundaries. However, there are many issues, such as the principles of participatory democracy and the freedom to express opinions. There is also the issue that it might directly affect freedom of the press and publication, so we have to be cautious. Our proposal is only about restricting digital media use for children under 16. Beyond that, we must preserve the freedom of social networks." Education Minister's advisor D. Gantulga also said: "In Australia, if a child under 16 opens a Facebook account, there is a 30,000 Australian dollar fine. Meta has communicated with our Ministry of Education about this issue and has expressed support." Altan-Od, Secretary of the Ministry of Digital Development and Communications, stated: "Since 2019, our Communications Regulatory Committee has been expanding cooperation with Meta, YouTube since 2020, and TikTok and X platforms since 2024. We share information with their Asia-pacific offices and jointly implement preventive measures for various specific situations." Parliament Member J. Aldarjavkhlan said: "I really wish my proposal would be tried out. I am not trying to restrict people's freedom of the press, I just want to see the effects." Minister of Education P. Naranbayar said: "MP J. Aldarjavkhlan says it's worth a try. Let's experiment in some schools. Some schools are already ready with alternative platforms for communication." Warning: Media organizations (TV, Radio, Social and Web pages) are prohibited from using our information fully or partially in any form, except with explicit permission and with attribution to the source (ikon.mn).

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Health

NCCD: Measles has a high transmission rate but can be prevented with a vaccine, so make sure to receive both doses

Published: 2025-04-16 | Translated from: ikon.mn

The number of confirmed measles cases has reached 552. Of these, 462 have fully recovered. Currently, 83 people are hospitalized and seven are receiving care at home. By locations, the distribution of cases is as follows: - Bayankhongor aimag: 4 cases - Tuv aimag: 2 cases - Khentii aimag: 5 cases - Dundgovi aimag: 84 cases - Umnugovi aimag: 164 cases - Ulaanbaatar city: 288 cases Measles is a highly infectious disease but can be prevented through vaccination. As the outbreaks mainly occur in general education schools, the National Center for Communicable Diseases (NCCD) emphasizes that children and adults who study or work together should get vaccinated against measles to protect themselves and others from the disease. Notice: Media organizations (Television, Radio, Social Media, and Websites) are prohibited from using all or part of this information in any form, except with permission and when citing the original source (ikon.mn).

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The Decision to Privatize the Traditional Medicine Liver Clinic Center for ₮876 Million and Employ J. Khatanbaatar and Team Has Been Canceled

Published: 2025-04-16 | Translated from: ikon.mn

The Capital City Property Privatization Commission held a meeting yesterday and nullified the decision to operate, through a management contract, the team of J. Khatanbaatar, J. Adiyaakhuu, and S. Oyuntsetseg. Specifically, it was found that relevant laws were violated when the privatization price of the Traditional Medicine Liver Clinic Center was set at 876,011,000 MNT, and a management contract was made with the team of J. Khatanbaatar, J. Adiyaakhuu, and S. Oyuntsetseg, based on Decision No. 73 of the Capital City Property Privatization Commission dated September 8, 2008, which has now been annulled. This decision was made based on the Law on the Administrative and Territorial Units and Their Management of Mongolia, the Law on State and Local Property, the relevant provisions of the General Administrative Law, and also clauses 1.5 and 6.2 of the Annex 1 to Decision No. 67 of 2014 of the Capital City Citizens’ Representatives Khural (City Council) on the privatization of city property. The decision was approved unanimously by the Chairman of the Capital City Property Privatization Commission, Kh. Nyambaatar, and its members. It was tasked to D. Amgalan, Head of the City General Administration Office, and V. Oyuumaa, Head of the City Property Relations Department, to take the appropriate organizational measures and ensure implementation, according to the Public Relations and Communications Office of the Capital City General Administration Office. Major renovations are set to begin from April 28 at the "Traditional Medicine Liver Clinic Center" under the administration of the capital city in Songinokhairkhan district, and its assistance and services will be temporarily relocated to the Branch Outpatient Clinic in the 20th khoroo of Bayangol District under the Songinokhairkhan United Hospital, also more commonly referred to by citizens as the "10 Buudal Outpatient Clinic." Notice: Media organizations (TV, Radio, Social, and Web pages) are prohibited from fully or partially reproducing or using our material in any form without agreement. Usage is permitted only with agreement and citing the source (ikon.mn).

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13 children have died and over 40 have had limbs amputated due to drug abuse

Published: 2025-04-16 | Translated from: unuudur.mn

The General Police Department’s Narcotics Division provided information yesterday regarding crimes related to these substances. Colonel B. Batkhuyag, head of the Prevention and Cooperation Department of the division, stated in his report: “We investigated and arrested a suspect following information that a Mongolian citizen was collaborating with foreigners to bring in and sell narcotic substances. We confiscated enough of the substance for 2,500 single uses. This person had previously been involved in such crimes and, while being investigated under bail, committed another offense and was thus caught. Additionally, four Mongolian citizens tried to bring a large quantity of narcotic medicines from Russia into Mongolia through the Altanbulag border checkpoint in Selenge province, but were arrested while bringing them to Ulaanbaatar. Three of them have been detained, while restrictions have been imposed on one as a preventive measure. The medicine they brought in is a painkiller that is normally available from pharmacies with a simple doctor’s prescription. However, there are many cases where children use this medicine to get intoxicated. As a result of this use, since 2022, 13 teenagers have died and more than 40 children have had their arms or legs amputated. Therefore, we advise parents to closely observe their children’s veins and check for any wounds or scars.”

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Politics

What Did People Say About the Five Documents Regulating Mongolia's Airspace for 20 Years?

URGENT: Y. Byambadarjaa and G. Gandalai, Initially Detained with MCS Group's Z. Törmandakh, Released Yesterday and Banned from Leaving the Country

Court Dismisses Complaint of Chinese Company on Blacklist for Shifting Its Own Wrongdoing onto Others

Democratic Party Faction Takes Break in Protest Against Agreement with Northern Neighbor

The Constitutional LEGACY That U.Khurelsukh Must Leave Behind!

The Court Orders the Leader of 'Bosoo Khukh Mongol' NGO, G.Gankhuyag, to Be Detained for One Month

Economy

TODAY: Mongolia's Socio-Economic Indicators to Be Presented

Foreign Exchange Reserves Reach USD 5.2 Billion, Increasing by USD 230 Million from Last Week

INTRODUCTION: Key Provisions of the 20-Year Joint Venture Agreement with Russia for Aircraft Fuel Supply

N. Uchral: 10 Comprehensive Measures Will Be Implemented to Mitigate Negative Economic Impacts

B. Javkhlan: Coal exports increased by 1.9 million tons last week, positively impacting our foreign currency reserves

Total Tax Revenue Falls to ₮5.8 Trillion in the First Quarter of 2025, Down ₮1.1 Trillion from Previous Year

Coal exports decreased by 39 percent in the first quarter of this year

Performance Audit Report on 'Establishment, Expenditure, and Results of the Local Development Fund' Presented

Government Discussing Foreign Currency Reserves

Mongolia Officially Joins the 'Financial Code for Women Entrepreneurs' Program

AmCham Mongolia Organizes Discussion 'The Billion Dollar Question – The Future of Tourism in Mongolia'

Inflation Reaches 9.1% in March, Mainly Driven by Increases in Housing, Water, Electricity, and Fuel Prices

Foreign Trade Balance Surplus Has Sharply Decreased Compared to Last Year

Inflation Reaches 9.1% but Shows No Signs of Decreasing

Coal exports in the first three months of 2025 decreased by 882.8 million USD compared to the same period last year

Focusing on Reducing Tax Disputes

A Bill Will Be Submitted to Reduce the Negative Impact of Trade Tariffs

"There Will Be No Issues Establishing a Joint Venture with Russia"

Ts. Tuvaan: Establishing a joint company with Russia to purchase aviation fuel was bound to happen, whether by Tuvaan or someone else /VIDEO/

Development Bridge project to be implemented to boost tourism in Khangai region

CARREFOUR MONGOLIA International Chain Store Now Has a Loyalty App

Supporting the State is the Biggest Pain for Entrepreneurs

Official Launch of the 'Financial Code for Women Entrepreneurs'

B. Javkhlan: Instructions have been given to coal and transport companies to realistically reduce the cost of export products

The Bank of Mongolia Serves as National Leader for the 'Financial Code for Women Entrepreneurs'

Kh. Gankhuyag: Even if We Sign a Trade Agreement with EAEU, Mongolia's Exports Will Only Grow by At Most 10 Percent

Diplomacy

Kh. Gankhuyag: If We Sign a Trade Agreement with the EAEU, Imports from Russia Will Increase 2-3 Times, While Our Exports Will Grow at Most by 10%

O.Tsogtgerel: Russia Has Given Us a Highly One-Sided, Ultimatum-Like Document

Postponement of the Issue to Negotiate a Temporary Agreement with the EAEU

Discussion on Strengthening Relations and Cooperation with Poland

Infrastructure

Trains and Electrical, Mechanical Equipment for the Metro to be Sourced from the UK

Mining 5PL Mining Transport Solution Launched by PickPack Worldwide

FACT: Russia's Rosneft JSC Signed Agreement with Mongolia to Create a Joint Company to Manage and Use "Chinggis Khaan" Airport Infrastructure and to Supply Fuel for 20 Years

The Budget for the Tuul Expressway Needs to Be Increased by Over ₮300 Billion

Kh. Nyambaatar: The 45 Billion MNT for Subsidies to Households Switching to Gas and Electric Heating Will Be Provided by 'Tavantolgoi Tulsh' Company

Discussion on the Natural Gas Pipeline Project

Ordered to Expedite Coal Transportation Through Special Channels

Standing Committees Support Draft Agreement to Establish Joint Company with Russia for Aircraft Fuel Supply

Today, Electricity Outages Scheduled in Certain Areas of Chingeltei, Bayanzurkh, Khan-Uul, and Songinokhairkhan Districts

Households Switching to Electric and Gas Heaters Will Receive 800,000-900,000 MNT Incentive

Schedule of Power Outages in the Capital and Certain Districts of Tuv Province on April 17

Authorities Ordered to Expedite the Transfer of Coal Purchased by Enterprises Through a Special Route

Society

Over 9,900 Foreign Citizens Legally Work for Wages and Income in Our Country

Districts Eligible for 900,000 MNT Bonus from the Capital City

Increasing Women's Participation in the Heavy Machinery Sector

Environment

Efforts Underway to Fully Extinguish Forest and Grassland Fire

The “Sustainable Development – Green Future” Expo Sale to Be Held

Innovation

J.Aldarjavkhlan: Let's Try Blocking Facebook in Mongolia for Three Months. I Really Want My Proposal to Be Tried Out.

Health

NCCD: Measles has a high transmission rate but can be prevented with a vaccine, so make sure to receive both doses

The Decision to Privatize the Traditional Medicine Liver Clinic Center for ₮876 Million and Employ J. Khatanbaatar and Team Has Been Canceled

13 children have died and over 40 have had limbs amputated due to drug abuse

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