Mongolia News Summary for December 11, 2024
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 Mongolia Strategy Center or its members.
Today's Stories
Politics
- Supreme Court to Announce Decision on Development Bank Case Tomorrow
- Supreme Court: Decision on the Development Bank Case to be Announced
- T.Enkhtuvshin: The study concludes that joining the Eurasian Economic Union is "unprofitable for Mongolia"
Economy
- Debt Conversion Agreement Signed
- In the first 11 months of this year, our country spent $3 billion on the import of petroleum products and passenger cars
- Mongolian Food Manufacturers Association Calls for Postponement of Trade Agreement
- Provided One Trillion MNT Concessional Loan to SMEs
- T.Dorjhand: Our goal is not only to supply ourselves with energy but also to export energy
- Position: Mongolia has no chance of engaging in profitable foreign trade
- Consumer Goods and Services Prices Increased by 8.1% Nationwide
- 79% of Combed Cashmere Exported to Italy
Diplomacy
- A New UN Resident Coordinator Will Be Appointed in Mongolia
- I. Batkhuu: Mongolia is seeking to join the Eurasian free trade agreement. Let's look at the issue positively.
- Urgent: Delay in Signing a Temporary Agreement with the Eurasian Economic Union
- MNCCI Announces Postponement of Free Trade Agreement with the Eurasian Economic Union
- The Backdoor Weakens the Diplomatic Service!
Infrastructure
- A Data Center to Be Established on Three Hectares in New Zuunkharaa City
- News Guide: The National Committee on Energy Reform to Provide Information
- Events: Press Conference by the National Committee on Energy Reform
- Mongolia Opens a New Air Route
- Mongolia Opens New Air Route
- Explained: Breakdown of 8 Billion MNT for Energy Reform
Environment
- 08:20 AM: Air pollution is affecting human health in parts of the city
- Tavantolgoi Fuel LLC Sealed for Unauthorized Use of Chemicals
- Tavantolgoi Fuel LLC Sealed for Unauthorized Use of Chemicals
- 2024 Marks the Warmest Year in Recorded History
- A. Amartüvshin: Air Pollution in Ulaanbaatar to Decrease by 50% by 2028
- Tavantolgoi Fuel LLC Used Chemicals Without Authorization and Was Sealed Off
- The Habitat of the Gobi Bear Has Shrunk by 80%
- State Bank to Collaborate with the Ministry of Agriculture on Sustainable Development
- State Bank to Collaborate with the Ministry of Food, Agriculture, and Light Industry to Promote Sustainable Development
- Tavantolgoi Fuel LLC Sealed for Using Chemicals Without Permission
Innovation
- Apple Pay Launched in Mongolia
- C. Munkhbaatar: The World Intellectual Property Organization Recognized that a Mongolian Engineer Created a Smokeless Stove
- Golomt Bank: Hosted Apple Pay Launch Event
- Onis Systems Collaborates with XacBank to Introduce New Technology in Trade and Hospitality Sector
- Apple Pay Launches in Mongolia, Enabling Payment with iPhone
- Munkhbaatar Tsedev: The World Intellectual Property Organization has recognized the Mongolian engineer's smoke-free stove
Politics
Supreme Court to Announce Decision on Development Bank Case Tomorrow
Published: 2024-12-10 | Translated from: isee.mn
The Supreme Court of Mongolia has announced that it will release the decision on the Development Bank-related case tomorrow. The criminal case hearing in the supervisory stage of the Supreme Court involves 80 individuals and 4 legal entities associated with Development Bank. The case consists of 540 volumes and is being discussed based on the prosecutor's opposition and complaints filed by 41 defendants and their lawyers. The court has been listening to complaints, oppositions, legal conclusions, and proposals submitted by the defendants, attorneys, and prosecutors from December 2 to 3. After this, the court panel moved to the deliberation room starting on the 4th to review the decisions of the first and appellate instances. The supervisory stage court hearing will continue in the Great Hall of the Supreme Court of Mongolia at 14:00 to announce the decision. All parties involved are informed to attend the hearing at the scheduled time.
Supreme Court: Decision on the Development Bank Case to be Announced
Published: 2024-12-10 | Translated from: news.mn
The Supreme Court will announce the decision on the Development Bank case at 14:00 on December 11, 2024. The case, labeled as the Development Bank case, involves 80 individuals and four legal entities connected to a case comprising 540 volumes. The court examined the case based on the prosecution's objections and complaints raised by 41 defendants and their lawyers. Between December 2-3, 2024, the court listened to complaints, objections, legal conclusions, and proposals from defendants, lawyers, and the prosecutor. Following this, starting from December 4, the court has been deliberating in chambers, reviewing the decisions of the trial and appellate courts. During the most recent court session, there were a total of 32 participants, comprising 31 in person and one online, including the prosecutor, lawyers, and defendants, who presented their opinions and explanations.
T.Enkhtuvshin: The study concludes that joining the Eurasian Economic Union is "unprofitable for Mongolia"
Published: 2024-12-10 | Translated from: isee.mn
The Mongolian government has drafted a bill for Mongolia to temporarily join the Eurasian Economic Union and is preparing to discuss it in committees and parliamentary sessions. On this issue, former President of the Chamber of Commerce and Industry, and current Member of Parliament, T. Enkhtuvshin stated, "Trade agreements are a precise science, not something decided on impulse. A thorough investigation must be conducted. A study on joining the Eurasian Economic Union has been conducted, and the results showed it to be 'unprofitable for Mongolia.'" He further noted, "The current negotiations lack transparency and openness to the public, in my opinion. Recently, the government has decided in a meeting to finalize the temporary accession agreement by December. It seems it will now require approval from the parliament. This is not a favorable event for enterprises. Some of our businesses are just finding their footing, while others are operating on concessional loans from the government. They cannot compete if subsidized goods and products are brought in when they're not yet established. In general, it is a premature action. The idea is to primarily export livestock meat, wool, cashmere, and hides through the Eurasian Economic Union. However, there is no research to confirm whether significant exports can be achieved, or if it will be a breakthrough development. Therefore, it is harmful to the domestic enterprises' market, and the products for export are inadequate. I have proposed to discuss this issue at the Parliament's Standing Committee on Economics and to hear their suggestions. I believe specific departmental information should be heard. Some ministers expressed during the standing committee session that they are working to postpone the matter," he added.
Economy
Debt Conversion Agreement Signed
Published: 2024-12-10 | Translated from: montsame.mn
The Government of Mongolia, the German Development Bank (KfW), and the Global Fund have signed a Debt Conversion Agreement. The signing ceremony was attended by Minister of Finance B. Javkhlan, Director for East and Southeast Asia from the German Development Bank, Frank Borne, the bank’s Portfolio Manager Andrea Godon, and the Executive Director of the Global Fund, Peter Sands. Through this agreement, the 29 million euros owed by the government to the German Development Bank will be converted into a non-repayable grant, which will be directed to Mongolia's health sector. This marks the first time in Mongolia's history that debt has been converted into a non-repayable grant, successfully establishing a new foundation for using financial derivatives, as reported by the Ministry of Finance.
In the first 11 months of this year, our country spent $3 billion on the import of petroleum products and passenger cars
Published: 2024-12-10 | Translated from: ikon.mn
In the first 11 months of 2024, Mongolia imported goods and raw materials worth a total of 10.6 billion US dollars. This reflects a 2.2 billion dollar or 26.2 percent increase compared to the same period in 2023, according to the General Customs Office. Petroleum products make up 18.4 percent of the main import goods, while passenger cars account for 9.5 percent. During the mentioned period, our country spent three billion US dollars on purchasing petroleum products and passenger cars. Looking at the import data for food products, wheat and wheat flour saw the highest increase. Specifically, in the first 11 months of this year, 84.2 thousand tons of wheat were imported, 1.8 times more than the same period last year, and 55.6 thousand tons of wheat flour, 6.6 times more. Additionally, 114.2 thousand tons of vegetables were imported, a 36.8 percent increase from the same period last year. Warning: Media organizations (Television, Radio, Social Media, and Websites) must cite their source (ikon.mn) when fully or partially using our information in any form.
Mongolian Food Manufacturers Association Calls for Postponement of Trade Agreement
Published: 2024-12-10 | Translated from: isee.mn
The Mongolian Food Manufacturers Association has announced the postponement of the temporary free trade agreement between the Eurasian Economic Union, its member countries, and Mongolia. According to the announcement, "Our country is currently negotiating an economic partnership agreement with South Korea, as well as temporary trade agreements with the Eurasian Economic Union and its member countries, including the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Republic of Kyrgyzstan, and the Russian Federation. This move threatens to halt domestic industrial development. Particularly, the planned temporary free trade agreement with the Eurasian Economic Union and its member states poses a risk by intensifying the import of goods that could be produced domestically, thereby increasing dependency on major powers, which is a threat to national security. The inclusion of locally producible goods, which satisfy domestic needs, in the import tariff discount listings presents a real risk of making domestic production unprotected and reliant on foreign importers. Internationally, such agreements are typically used by highly developed countries to increase the import of raw materials from less developed countries while protecting their domestic industries with high import tariffs. However, in our case, goods that could already be produced domestically and satisfy local consumption have been placed under import tariff discounts, threatening our domestic production with dependence on foreign importers. This issue affects not only the food sector but all domestic manufacturers. Especially, Russia provides subsidies to its exporting enterprises covering transportation logistics, research and development, equipment purchase, registration of intellectual property in international markets, and infrastructure investments. These wide-ranging state subsidies make it impossible for us to compete by price, and since Russia and the member countries of the Union are both producing and exporting nations, our export opportunities to major markets are severely limited. Additionally, hastily negotiating with countries currently facing international trade sanctions could further pose risks to foreign investment and external trade. Over the last 8 years, the economic partnership agreement with Japan has proven to maintain a considerably high trade deficit, with imports rising several times, offering no tangible benefit to us. Therefore, disregarding Parliament Resolution No. 36, which insufficiently covers export-oriented production fully satisfying domestic demand, we urge for a wide-ranging and serious reconsideration of the temporary postponement of these trade agreements to safeguard the common interest and future development of the food sector.
Provided One Trillion MNT Concessional Loan to SMEs
Published: 2024-12-10 | Translated from: gogo.mn
The head of the Small and Medium Enterprise Agency, Ya. Erdenesaikhan, reported on the loans provided from the Small and Medium Enterprise Development Fund, including their repayment, implementation, and outcomes. Through state budget allocations, government bonds, the Development Bank, and local budgets, the fund has accumulated a total capital source of 737.6 billion MNT over the past period. A concessional loan of 1.083 trillion MNT was provided across 8,928 projects. As of November 2024, there is an outstanding principal loan debt of 188.4 billion MNT from 1,248 borrowers, while 7,683 (86%) borrowers have fully repaid 903.6 billion MNT (82.1%) in loans. From 2020 to 2024, a total of 104.1 billion MNT was collected from the repayment of previous year's loans and 28.9 billion MNT was gathered from local and other sources, resulting in a 117.4 billion MNT loan distribution to 961 enterprises. This facilitated the retention of 3,565 jobs and the creation of 5,190 new jobs. From 2009 to 2024, new operations launched by 2,249 enterprises that received loans created 54,508 new jobs, contributing a total of 128.3 billion MNT annually to the state through tax and social insurance revenues.
T.Dorjhand: Our goal is not only to supply ourselves with energy but also to export energy
Published: 2024-12-10 | Translated from: isee.mn
The National Committee on Energy Reform held a press briefing today. Member of Parliament and Chairman of the National Committee on Energy, T. Dorjhand, stated, "In connection with the discussion of next year's budget by the Parliament, many conflicting pieces of information are circulating. Therefore, I find it necessary to clarify some things. The main goal of forming the coalition government was to resolve the issues of the past 34 years, implement concrete projects, and carry out economic reforms in the next four years. The most important basis of economic reform is energy reform. Without energy, there is no economy. However, our country, despite having a huge reserve of energy, has not undergone energy transition and reform for 34 years, resulting in stagnation without economic growth. People are concerned whether we can export. Initially, it is crucial to provide our own energy," expressed a sentiment. "I am pleased to announce that Mongolia's energy export activities are underway. The Prime Minister's visits to Saudi Arabia, the UAE, and Bahrain were very successful. During these visits, agreements were made to invest significantly in the energy sector in collaboration with Saudi Arabian investors. Our goal of exporting energy, not just supplying ourselves, is becoming a reality. In this regard, we have engaged in very constructive dialogues with China and set a goal to expand economic cooperation after meeting at the Prime Minister's level during the Shanghai Expo. As a result, the construction of the Erdeneburen hydropower plant is moving forward. Our credit rating has improved, and the economy is stable, which is why investors are showing great interest in our country. However, a lot of misleading information has emerged recently," he added. L. Jambaa, Chief of the National Committee on Energy, stated, “The National Committee on Energy is planning its activities. The issue mentioned in the media regarding 8 billion is incorrect. Following the tariff reform by the national committee, further major studies are being conducted. For instance, international consulting services will be sought for the energy reform issues. Currently, the energy sector follows a single-buyer model. We intend to change this, conducting research to directly connect those who produce electricity with those who purchase it. We will also implement a package of measures aimed at improving the governance of state-owned companies. After changing the tariffs, we will improve the governance of state-owned companies and reduce costs as well. Energy companies have been operating at a loss for many years. According to our calculations, by relating to tariff increases, the medium and long-term loans of the energy sector will be repaid by 2027. Starting next year, we will conduct financial and international audits according to international standards and perform accounting accordingly. According to our projections, by the end of 2027, major energy companies will have the opportunity to become public companies. This will be done in phases. We have also allocated 500 million tugriks for media expenses," he said.
Position: Mongolia has no chance of engaging in profitable foreign trade
Published: 2024-12-10 | Translated from: news.mn
Mongolia has a Free Trade Agreement with the European Union and Japan. Additionally, there are discussions about establishing Free Trade Agreements with the Eurasian Economic Union and South Korea, which has drawn public criticism. The agreement with the Eurasian Economic Union would allow the export of five categories of goods from Mongolia without import duties or quantity restrictions. This would enable 375 types of Mongolian products to be exported to Russia without taxes or limits, according to officials. The Ministry of Economic Development aims to finalize this agreement with relevant Russian parties this month, set to be implemented on January 1, 2025. In relation to this agreement, we listened to the positions of economists and business representatives. "IN A BROADER SENSE, MONGOLIA WILL LOSE ITS STATUS AS A DEMOCRATIC, FREE-MARKET ECONOMY COUNTRY" Economist B. Lkhagvajav stated: "The current global war situation is not favorable. Joining the Eurasian Free Trade Agreement could push Mongolia into a corner and jeopardize cooperation and trade with free democratic countries. We already established an economic partnership agreement with Japan in 2016, which yielded poor results. The reason being, Mongolia primarily aimed to capitalize on processing its mineral raw materials, but we retracted from this goal ourselves. Once an agreement is made, if one side does not perform, the other side will proceed. We missed such a great opportunity. Considering the outcomes of previous agreements and the economic, political, social issues, Mongolia should thoroughly assess before joining the Korean and Eurasian Free Trade Agreements. Although we depend on Russia for fuel and energy, they are already expensive on our market. There is no need to rely on Russia. On the contrary, for how long will mining companies depend on Russian oils and lubricants? We need to find alternatives elsewhere. Broadly speaking, we will lose our status as a democratic, free-market economy." "SECTORS MEETING OVER 50% OF DOMESTIC NEEDS SHOULD BE CONSIDERED SEPARATELY" CEO of "Tumen Shuvuut" J. Bold remarked: "The issue of the Eurasian Free Trade Agreement became public last week. Business operators are uninformed, as the government did not consult or listen to our voices. They are trying to implement it with strong force. Certainly, they speak of supplying low-tariff products to foreign markets, which might seem right but could have major adverse effects. For instance, it can be problematic for products that cannot be locally produced due to climate, technology, and economic circumstances, such as poles or certain trees. However, sectors where Mongolians can produce more than 50% of their domestic needs should be considered separately. There will be no growth in domestic production. Only a few years ago, President U. Khurelsukh declared a 'Food Revolution,' stating we should be producing the 19 key items. The government supported enterprises with investment loans; results were emerging, but now they are contradicting their efforts. Government policy should be stable and consistent. During the pandemic, we realized how crucial it is to produce food ourselves. Generally, this agreement would be detrimental to Mongolia, with no opportunity for profitable foreign trade." "MONGOLIA SHOULD INCREASE ITS MEAT EXPORT" Director of "Delta Holdings" U. Munkhjargal asserted: "Joining the Eurasian Free Trade Agreement correctly would be a correct step. If we conduct it incorrectly, it will be wrong. When it comes to domestic producers, only a few companies exist. Protecting those and allowing Mongolia to export more meat would be beneficial. The number of livestock in Mongolia keeps increasing. Therefore, we should boost our meat exports. Domestic producers only pay a five percent customs duty. If they stick to that tariff rate, there will be no issue, in my opinion. The sector ministry is not working closely with producers. Mongolians tend to overlook details and work on hearsay. Currently, Mongolians produce flour, meat, vegetable oil, certain vegetables, and eggs. Other items are imported and repackaged or refined. It is important to protect these few productions."
Consumer Goods and Services Prices Increased by 8.1% Nationwide
Published: 2024-12-10 | Translated from: montsame.mn
Ulaanbaatar. Last month in the capital, the average price for 1 kg of beef was 20,357 MNT. This is an increase of 32.3% compared to the same period in 2022, and an increase of 12.9% compared to November 2023. However, it fell by 26 MNT compared to October of this year, according to the National Statistical Office. In Ulaanbaatar, 105 prices of goods and services out of 404 surveyed items in the consumer basket increased in November 2024 compared to October, while 44 prices decreased, and 255 remained unchanged. The prices in the bread, flour, and rice category increased by 5.3%, influenced by a 3.9% increase in flour, 6.2% in bread and pastries, and 16.4% in pasta. For example, the average price of first-grade flour in November 2024 was 2,329 MNT, which is a 14.7% increase from November 2022, but 3.4% lower than November 2023, and down by 22 MNT from October 2024. The average price of 1 liter of AI-92 gasoline in November 2024 was 2,390 MNT, unchanged since November 2022. In Ulaanbaatar's inflation: prices of imported goods excluding fuel affected by 2.6 percentage points; prices for domestic goods excluding meat and solid fuels affected by 4.3 percentage points. Nationwide, consumer goods and services prices in November 2024 increased by 8.1% compared to the same period in 2023. Compared to October this year, prices increased by 1.7%. By type and region: In the Khangai region, goods prices increased by 7.2%; in the Western region, service prices increased by 21.4%; in the Khangai and Central regions, food prices increased by 9.1%; and in the Western region, non-food prices increased by 9.5%. Consumer goods and services prices were 8.6% in November 2023, dropping to 8.1% in November 2024, reducing the growth rate by 0.5 percentage points compared to the same period last year. In national inflation: prices of imported goods excluding fuel influenced by 2.5 percentage points; prices for domestic goods excluding meat and solid fuels influenced by 4.5 percentage points. In November 2024, the increase in consumer goods and services prices by 8.1% compared to the same period in 2023 was mainly due to price increases in specific categories: food, drink, and water by 7.4% (with non-alcoholic beverages sub-category increasing by 8.0%); clothing, textiles, and footwear by 8.4%; housing, water, electricity, gas, and other fuels by 22.1%; household furniture and goods by 7.0%; hotel, catering, and accommodation services by 9.3%; educational services increased by 18.6%. The 1.7% increase in consumer goods and services prices from October to November 2024 was influenced primarily by a 0.9% increase in the clothing, textiles, and footwear category and a 13.9% increase in housing, water, electricity, gas, and other fuels category. In November 2024, 2.3 percentage points of the 8.1% inflation were due to the increase in prices of imported goods. In November, consumer goods and services prices increased the least in Uvs and Bulgan aimags at 5.3%, and the most in Khovd aimag at 15.2%.
79% of Combed Cashmere Exported to Italy
Published: 2024-12-10 | Translated from: gogo.mn
Based on export declarations of 698,862, import declarations of 375,056, and other sources, the foreign trade performance for the first 11 months of this year was calculated. By the first 11 months of 2024, the total foreign trade turnover reached 25,163.5 million USD, which is an increase of 2,976.3 million USD or 13% compared to the same period in 2023. The export amount exceeded the import by 4,029.3 million USD, resulting in a positive foreign trade balance. In the first 11 months of this year, 100% of lead ore, concentrates, iron ore, zinc concentrate, crude oil, and coal were exported to China; 91.2% of processed cattle skins to China, 79.1% of combed cashmere to Italy, and 99.0% of washed goat cashmere to China. Goods and raw materials worth 14,596.4 million USD were exported, an increase of 5.7% compared to the same period last year. 99.1% of the exported goods were paid in foreign currency. Mineral products accounted for 12,726.0 million USD or 87.2%, pearls, precious and semi-precious stones, precious metals, jewelry, and coins made up 857.8 million USD or 5.9%, and textiles and textile articles accounted for 388.2 million USD or 2.7% of the total export value. These items constituted 95.7% of the total export value. Among these exported goods, 64% of the total export is accounted for as follows: In 2024, Mongolia exported goods to 80 countries worldwide, with 91.2% going to China, 4.7% to Switzerland, and 1.1% to the United States, making up 97% of the total exports. In terms of imports, goods and raw materials worth a total of 10,567.1 million USD were imported, which is an increase of 2,191.3 million USD or 26.2% compared to the same period in 2023. Of the imported goods, 96% were paid in foreign currency, 1.1% were supplied by foreign loans, 0.7% by foreign aid, 1.5% by foreign investment, and 0.4% for payment purposes. The total import value consisted of machinery and mechanical appliances, electrical equipment, and parts thereof valued at 2,251.5 million USD or 21.3%, mineral products at 2,199.5 million USD or 20.8% (including petroleum products at 1,939.1 million USD or 88.2%), animal and vegetable products and foodstuffs at 1,100.9 million USD or 17.2%, road vehicles and parts thereof at 2,259.7 million USD or 21.4%, base metals and articles thereof at 902.9 million USD or 8.5%, and chemical products at 557.1 million USD or 5.3%, representing 84.7% of the total imports. Imported goods worth 76.2 million USD were obtained with assistance from international financial institutions and donor countries. Of these, 58% originated from China, 11% from Turkey, 8.9% from Russia, 4.0% from South Korea, 2.3% from Japan, and 2.0% from Germany. Aid from donor countries was distributed as 69% from the United States, 10% from China, and 8.5% from Russia. The country imported goods worth 121.3 million USD through loans from international financial and economic organizations, with 81.3% coming from China, 6.2% from South Korea, 3.9% from India, and 3.8% from Japan. The government facilitated all imported goods acquired through loans, with 63.6% from China, 13.3% from South Korea, and 10.9% from the United States. A total of 157.2 million USD worth of goods were imported through foreign investments, with 84% from Russia and 14% from China. Our country imports goods from 155 countries worldwide, with 40% from China, 24% from Russia, 10.4% from Japan, 4.5% from the United States, and 4.2% from South Korea, which together account for 83.4% of total imports, according to the General Customs Administration.
Diplomacy
A New UN Resident Coordinator Will Be Appointed in Mongolia
Published: 2024-12-10 | Translated from: gogo.mn
Secretary of the National Gender Committee and Head of the Office T. Enkhbayar today paid tribute to UN Resident Coordinator Tapan Mishra, whose term has ended, and wished him success in his new endeavors. The United Nations has implemented numerous projects and programs in Mongolia with significant importance to ensuring gender equality, and has collaborated openly and effectively in all respects. Thus, a new UN Resident Coordinator will be appointed in Mongolia.
I. Batkhuu: Mongolia is seeking to join the Eurasian free trade agreement. Let's look at the issue positively.
Published: 2024-12-10 | Translated from: itoim.mn
The Ministry of Economy and Development provided an update on the initiative to establish a trade agreement with the Eurasian Economic Union. During this time, it was clarified that the issue of Mongolia joining the Eurasian Economic Union as a member was not discussed. Instead, efforts are being made to join the union's trade agreement and to obtain the right to export certain goods and products without tariffs. Studies have shown that joining the provisional trade agreement of the Eurasian Economic Union would be beneficial for Mongolia. There is no external pressure; rather, Mongolia is making its own efforts to establish the agreement, emphasized I. Batkhuu, the Secretary of the Ministry of Economy and Development. He stated, “There has been no discussion about Mongolia joining the international organization of the Eurasian Economic Union, which consists of five members. Countries such as Vietnam, Iran, Singapore, and Serbia are not members of it but have established free trade agreements with the union. Similarly, the Government of Mongolia is planning to establish a three-year provisional free trade agreement with the Eurasian Economic Union. The main goal of the provisional free trade agreement is to expand Mongolia's export market. In 2023, over 1,790 types of goods were exported from the Eurasian Economic Union member Russia to Mongolia, and over 490 types of goods were exported from Mongolia to Russia. With this new free trade agreement, we are establishing a deal for the mutual duty-free and quota-free exchange of only 345 types of goods. Again, there is no external pressure. Creating this agreement is advantageous for Mongolia. Vietnam, Iran, Singapore, and Serbia have all established free trade agreements with the union. Additionally, other countries are studying the possibility of creating free trade agreements with the union. Mongolia, like these countries, is working to trade with member countries and profit from it. We ourselves are pursuing the creation of a free trade agreement. Delaying it now would not be beneficial to the other side. For the member countries of the union, establishing a free trade agreement with Mongolia is not an economically significant issue in terms of scale and importance. If we delay it and halt the discussions, it might become impossible to reinitiate the negotiations in a few years. This is my personal opinion. Generally, a bilateral agreement is finalized when the interests of both parties align. There is no concept of one party gaining more or being more successful. From Mongolia's perspective, this agreement is beneficial and creates a more favorable situation, which is why we are pursuing it. During the negotiations, the list of goods and products agreed upon can be altered by members of parliament and standing committees. Stakeholders from the private sector can also propose changes in their chambers, but this will take time. We should also consider one more thing. When the former Soviet Union existed, Mongolia's largest trading partner was Russia. They purchased meat, meat products, and agricultural products from Mongolia. In the last 30 years, trade balance has been disrupted, with Mongolia importing more and exporting less. This situation is not favorable for Mongolia, which is why we have actively pursued and established this agreement ourselves. It's advantageous for Mongolia as it provides opportunities to sell our goods and products. The quality and standards of the products made by our private sector have also improved. I wish to highlight the positive aspects of the Eurasian free trade agreement and see that it opens more opportunities for businesses.
Urgent: Delay in Signing a Temporary Agreement with the Eurasian Economic Union
Published: 2024-12-10 | Translated from: isee.mn
Ch. Khurelbaatar, during his tenure as Minister of Economy and Development in 2022, negotiated a "Temporary Free Trade Agreement" with Russia. This agreement was initially intended to pave the way for Mongolia's eventual accession to the Eurasian Economic Union. Currently, Deputy Prime Minister S. Amarsaikhan, Minister of Food, Agriculture and Light Industry J. Enkhbayar, and others are continuing efforts to temporarily join Mongolia to the Eurasian Economic Union established by V. Putin. There are allegations that the Chamber of Commerce and Industry organized a covert conspiracy under the guise of consulting on this issue. They planned to sign the agreement in Moscow on the 21st of this month. The most alarming part is that the government has secretly initiated the temporary accession to the Eurasian Economic Union two years ago and kept it concealed at all levels. This was only made known to the private sector and the public last week, causing today's uproar. It's attention-grabbing that the Chamber of Commerce, responsible for protecting the rights and interests of entrepreneurs, was involved in this clandestine activity. Specifically, the organization gathered a small group of elderly people pretending to consult on the "Free Trade Agreement" with Russia. Also, instead of including those who create wealth and engage in production, they gathered people involved in small trade and used their opinions as a facade. This has incited genuine producers of wealth today. Domestic producers of goods and services want to strongly criticize the government's decision but remain silent due to fears of ending the year under tax debt and pressure. Behind this agreement is the threat that similar goods and products produced by construction, food, and agricultural small and medium-sized enterprises will not be able to develop. Specifically, there is discussion to supply the majority of agricultural products (all meat and dairy products, wheat, flour, vegetables, water, and beverages) to Mongolia without import duty or any quota regulation. There is no solid basis for the suspicion that Russia is trying to push unsellable goods to Mongolia due to international sanctions. Our country can fully meet its needs by producing products such as meat, dairy, water, and beverages domestically, but increasing imports will further aggravate the foreign trade deficit. Moreover, this agreement is completely contrary to the “Food Revolution,” a movement implemented by the Mongolian government to develop the food and agriculture sector and block food imports. Initially, our country passed Resolution No. 36 of the Parliament to fully supply 19 types of goods domestically. The result of the large loans provided to support production will be meaningless. Looking at the foreign trade statistics of the five countries in the Eurasian Economic Union in 2023, the trade balance has a deficit of 2.4 billion USD. Specifically, 143 million USD worth of goods were supplied, while 2.5 billion dollars worth of products were imported. Today, the Standing Committee is set to discuss the issue, but the resolution has not been presented to the members of Parliament. Although Mongolia now has 4-5 cement factories, last spring, by reducing taxes on imported cement, the domestic production decreased. Likewise, when the government announced campaigns like “Atari's Journey” and invested a lot in growing wheat and flour domestically, the import of duty-free flour and wheat last spring significantly reduced domestic production. If an agreement is made with the Eurasian Economic Union, food and other goods from member countries will enter our market duty-free, leading to the collapse of our producers and increasing dependency on Russia, not only for fuel, electricity, and railroads but for many other things. The government's decision to reverse the policy of disconnecting Mongolia from Russia and drag the state down is criticized by Parliament members. Although the issue is scheduled to be reviewed by the Budget Standing Committee today, the resolution's details have not yet been distributed to Parliament members and only general information is provided. Some members demand an urgent introduction of the resolution, detailed information on national security-related issues, and open public discussion of the agreement's clauses. The Minister of Economy and Development, L. Gantumur, has so far provided the members with just a single-sheet introduction. Members of Parliament express that the Parliament must scrutinize serious and adverse issues, thus the endorsement of L. Gantumur's project might be postponed. It may be indefinitely delayed, according to sources, and consequently, the signing of the agreement could also be delayed. In passing, the union initiated by Russian President V. Putin in 2014 comprises only the Baltic States that were part of the USSR, and Russia sells its goods and products to these countries.
MNCCI Announces Postponement of Free Trade Agreement with the Eurasian Economic Union
Published: 2024-12-10 | Translated from: isee.mn
The Mongolian National Chamber of Commerce and Industry (MNCCI), which represents the voice of the Mongolian business community, has issued a statement regarding the postponement of the temporary free trade agreement with the Eurasian Economic Union. The statement expressed concerns that rushing into the temporary trade agreement with the Eurasian Economic Union without sufficient analysis and consideration poses significant risks to the economy, domestic industrial development, and ultimately national security. The Eurasian Economic Union includes the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Republic of Kyrgyzstan, and the Russian Federation. In February 2015, the Parliament of Mongolia ratified the Economic Partnership Agreement between Mongolia and Japan. However, over the past eight years, Mongolia has not been able to reap economic benefits from this agreement. The MNCCI emphasizes that lessons should be learned from this experience. While it had been proposed to review all issues through dedicated working groups involving relevant governmental and non-governmental organizations under the draft agreement's framework, no substantial action has been taken. It remains unclear whether other suggestions, including those aimed at protecting domestic production and proposed by businesses, have been incorporated. The MNCCI's statement points out that establishing this temporary agreement conflicts with state policies pursued by the Parliament and Government of Mongolia, which aim to support the industrial, processing, and construction sectors, ensure food security by producing essential food products domestically, and provide preferential loans and aid.
The Backdoor Weakens the Diplomatic Service!
Published: 2024-12-10 | Translated from: news.mn
Researchers have been warning that the Mongolian diplomatic service is being undermined by "backdoor" appointments, where unqualified individuals such as singers, activists, travelers, and the accused are appointed instead of professionals. This has not only devalued foreign relations but has also led to a shortage of human resources. While Minister of Foreign Affairs B. Battsetseg explains this shortage as a result of low salaries, others argue that unprofessional appointments have devalued the diplomatic system and caused the shortage. Indeed, there have been numerous embarrassing appointments over the past years, such as appointing a person with no knowledge of foreign relations and only basic conversational English, who travels the world, as the Ambassador to the United States. J. Batzandan, one of the "Tashuurtai Tav," was appointed as a Counselor in Australia. Furthermore, renowned singer and former Secretary of State at the Ministry of Culture, G. Erdenebat, was appointed as a Counselor at the Mongolian Embassy in Kyrgyzstan. Even with the formation of a joint government, the situation with diplomatic appointments has not improved. Influential positions have been given as rewards to party affiliates: D. Odbayar, proposed by the MPP, was appointed as the Consul General in Hong Kong, while Ts. Jadamba, a member of the National Policy Committee of the Democratic Party, was appointed as the Consul General in Busan, South Korea, and L. Lkhagvadorj from the HUN party was appointed as Consul in Erenhot, China. The Foreign Minister cites "agreement with the other side" when questioned about these appointments, despite one recent appointee under investigation for corruption being appointed as Ambassador to China. Such bold appointments are executed with ease. The Law on Diplomatic Service states that appointees should possess relevant theoretical preparation in international law, economics, and political relations, have practical experience, hold higher education, and be proficient in two or more foreign languages, with one being a common foreign language. However, in Mongolia, such laws are merely declarations on paper, while diplomatic posts become rewards for party goers and sometimes retirement resorts for some. For example, former MPs U. Enkhtuvshin and N. Enkhbold currently serve as Ambassadors to Russia and China, respectively. Although they bring political experience, it is regrettable that young professionals with high education and linguistic skills do not receive these opportunities. Young professionals, educated abroad, fluent in 3-4 languages, and skilled in diplomacy are unable to advance due to the "backdoor" influence. Elderly figures receive positions through party influence or political recommendations. Objectors are often left without work. Unfortunately, these individuals do not strive for national interests or the welfare of citizens abroad. Diplomatic missions in other countries are staffed with professionals dedicated to gathering necessary information for their state services. However, in Mongolia, party followers who lack linguistic and professional expertise are appointed, contributing nothing to their duties. This places additional pressure on the few professionals working behind the scenes. There is no need for fake PR claiming that Mongolia’s foreign relations are reviving and developing. Due to the "backdoor" influence, professionals are leaving, and ultimately, the diplomatic service is becoming powerless. Despite low salaries requiring attention, equal emphasis should be on maintaining professionalism within the diplomatic service to prevent it from becoming a retirement home or playground for political stooges. Given the rapidly changing political climate and intensifying international geopolitics, Mongolia’s foreign policies should rely on the knowledge and expertise of its professionals.
Infrastructure
A Data Center to Be Established on Three Hectares in New Zuunkharaa City
Published: 2024-12-10 | Translated from: ikon.mn
In the coming years, one of the major construction projects in Ulaanbaatar city will be the new Central Stadium and the Data Center. The plan is to renovate the Central Stadium into a modern arena structure with a seating capacity of 30-35 thousand people. Specifically, it will feature an automatically opening and closing roof, and an enclosed space, allowing for international cultural, sports, and festival events to be held in any season. The preliminary technical and economic study of the project is set to be completed this month. Due to Ulaanbaatar city experiencing temperatures as low as -40°C in winter, establishing a data center in our country is considered most suitable, with minimal operational costs. In this context, the decision has been made to establish a data center on a three-hectare site in New Zuunkharaa City, which will be the first satellite city of Ulaanbaatar. This will be done through a public-private partnership, and the city's mayor has presented it to Chinese investors. The investors have discussed the possibilities for collaboration and expressed their interest in organizing another meeting within the framework of the project. New Zuunkharaa City is planned to be established in the territory of Sergelen soum, Tuv province, in Khushig Valley. Source: Public Relations Department of the Mayor's Office Note: Media organizations (Television, Radio, Social media, and Websites) must mention the original source (ikon.mn) when using our information in full or partially in any form.
News Guide: The National Committee on Energy Reform to Provide Information
Published: 2024-12-10 | Translated from: news.mn
The News Guide provides a brief overview of the events occurring today. At 9:00 AM: The "Science - Participation - 2024" forum will be held at the "Chinggis Khaan" museum, where an awards ceremony for outstanding scientific works will take place. At 11:00 AM: A press conference will be conducted by the National Committee on Energy Reform at the State Palace. Contact: 9101-0520. At 11:00 AM: The General Office for Labor and Social Welfare Services will launch the JOB CENTER to enhance job placement services accessibility through public-private partnerships via a national platform for labor exchanges and social services. Contact: 8805-7167. At 11:00 AM: The National Information Center will see the submission of a proposal on citizen enrichment by the Constitutional Legislators' Association to the government. At 11:30 AM: Journalists Boldko and Italy Altansukh will provide information on solutions for air pollution.
Events: Press Conference by the National Committee on Energy Reform
Published: 2024-12-10 | Translated from: ikon.mn
At the Ulaanbaatar Gallery, 4th floor 09:30 - 11:00 AM In commemoration of "Human Rights Day," this year's event is being held under the theme "Our Rights, Our Future, Right Now." Within this framework, the European Union Delegation to Mongolia, the German Embassy, and the Media Council are jointly organizing a discussion on "Fake News and Regulation" involving 150 law and journalism students. At the State Palace 11:00 AM A press conference by the National Committee on Energy Reform. At the National Press Center 11:00 AM The Constitutional Legislators' Association will provide information on proposals for national wealth creation that are to be submitted to the government. 11:30 AM Journalists Boldko and Italta Altansukh will provide information on solutions to air pollution. 12:00 PM Ch. Ganhuyag, Chairman of the Board of Ard Financial Group, will provide information on restoring his reputation concerning information circulating on social media. At the Anti-Corruption Agency (ACA) 11:30 AM Journalist R. Saruul will submit evidence to the ACA regarding the privileges allegedly granted to a Chinese-invested company by former MP and Minister of Justice B. Enkhbayar. Notice Media organizations (television, radio, social media, and websites) are reminded to cite their source (ikon.mn) when using our information in any form, whether in whole or in part.
Mongolia Opens a New Air Route
Published: 2024-12-10 | Translated from: itoim.mn
MIAT Corporation successfully operated its first scheduled flight to Ho Chi Minh City, Socialist Republic of Vietnam, marking the opening of the Ulaanbaatar–Ho Chi Minh flight route. The opening ceremony was attended by State Secretary of the Ministry of Road and Transport Development S. Batbold, the Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Mongolia Nguyen Duan Thanh, and other officials, who bid farewell to the guests of the first flight. With the commencement of this scheduled flight, it is expected to significantly contribute to the expansion of trade, economic cooperation, transport logistics, and tourism sectors between Mongolia and Vietnam. Representatives from both sides highlighted the importance of increasing passenger flow between the two countries in the future. MIAT Corporation's flights will operate regularly on Tuesdays and Fridays, and today's inaugural flight was conducted with a total of 292 passengers. This year marks the 70th anniversary of the establishment and development of the tourism sector in Mongolia. As part of the "Visit Mongolia Year" announced by the Mongolian government, the number of tourists visiting our country has been increasing steadily in recent years. Consequently, the number of passengers utilizing air transport has also been growing rapidly. Therefore, the stabilization of the flight to Ho Chi Minh City, a leading city in Southeast Asia and the world in terms of economy, industry, and tourism, is expected to further increase passenger and cargo traffic in the future. Source: Ministry of Road and Transport Development
Mongolia Opens New Air Route
Published: 2024-12-10 | Translated from: itoim.mn
“MIAT” JSC successfully conducted its first scheduled flight to Ho Chi Minh City, Socialist Republic of Vietnam, marking the inauguration of the Ulaanbaatar–Ho Chi Minh route. The inauguration ceremony was attended by State Secretary of the Ministry of Road and Transport Development S. Batbold, the Ambassador Extraordinary and Plenipotentiary of Vietnam to Mongolia Nguyen Duan Thanh, and other officials, who bid farewell to the guests of the inaugural flight. With the commencement of this scheduled flight, it is expected to make a significant contribution to the expansion of trade, economic relations, transport logistics, and tourism cooperation between Mongolia and Vietnam, with representatives from both sides highlighting its importance for increasing passenger flow between the two countries. This MIAT flight will be operated regularly on Tuesdays and Fridays, with today’s inaugural flight carrying a total of 292 passengers. This year marks the 70th anniversary of the establishment and development of the tourism industry in Mongolia. In recent years, the number of tourists visiting our country has been steadily increasing as part of the "Year of Visiting Mongolia" declared by the Mongolian Government. Consequently, the number of air travelers has also been rapidly growing. Thus, the stabilization of the flight to Ho Chi Minh City, a major economic, industrial, and tourism hub not only in Southeast Asia but worldwide, is expected to further boost passenger and freight traffic.
Explained: Breakdown of 8 Billion MNT for Energy Reform
Published: 2024-12-10 | Translated from: ikon.mn
The National Committee on Energy Reform held a press conference at the State Palace today. During the event, the head of the working office of the National Energy Committee, engineer L. Jambaa, explained the breakdown of the 8 billion MNT needed for energy reform. It was mentioned during the development of the 2025 budget plan that 8 billion MNT was involved with media participation. This is misinformation. Let's introduce the breakdown of what work is to be done within the 8 billion. From the perspective of the National Energy Committee, it is necessary to reform energy tariffs and conduct subsequent research and renew state-owned companies. International consulting services will be employed. Research on energy markets is needed. There are two emerging markets: one for the construction of power plants and the other for acquiring electricity. Research has been included to make these markets interconnected and introduce wholesale markets. Energy companies have been operating at a loss for many years. By the end of 2027, medium and long-term loans in the energy sector are expected to be repaid. During this period, it is planned to select 3-4 energy companies to become public companies. Financial audits will be conducted starting next year. Energy companies will keep records according to international standards. Once the Board of Directors of state-owned companies starts working, the financial reliability of energy companies will improve. Energy transition involves promoting green energy, which needs to be clearly defined. Talks on energy exports are ongoing. Mongolia hasn't established a clear strategy or policy for its export projects. It is necessary to develop a strategic policy to attract international investors, which includes advisory services for strategy development. Energy price indexation will occur after tariff increases. A regulatory tariff for inter-company incentives should also be established. To attract investment and continue successfully, energy tariffs should be clear, projecting expected income for 3-5 years. Base studies and feasibility studies are required for the introduction of heat and electricity meters. Households currently lack consumption control meters. An initial estimate has been made for the possibility of installing heat meters in over 300,000 households in Ulaanbaatar, with further studies needed to start metering initiatives. No budget is allocated for distributed energy sources among energy mega projects. Research supporting distributed sources needs to be conducted. For example, studies in remote areas such as Govi-Altai, Arkhangai, and Zavkhan, showed that the voltage level should be 200 volts. Instead, rural households are using low-quality electricity at levels as low as 180 volts. To address this, renewable energy sources or solar battery storage systems will be implemented at the regional and local levels. The cost for media is stated to be between 500 million and 1.5 billion MNT. Media organizations (television, radio, social media, and websites) must cite their source (ikon.mn) when using our information fully or partially in any form.
Environment
08:20 AM: Air pollution is affecting human health in parts of the city
Published: 2024-12-10 | Translated from: gogo.mn
According to agaar.mn, which provides air quality index measurements, as of 08:00 AM today, the air is polluted around the First district and Nalaikh district. Moreover, low pollution levels are indicated around the Mongol Gazriin area, Sharhad, and Khailaast. More details can be found HERE. Clean: No negative impact on human health. Normal: Meets air quality standards. However, some highly sensitive individuals may experience symptoms of respiratory diseases. Low Pollution: Adverse impacts on the health of highly sensitive individuals become apparent. People with cardiovascular and chronic respiratory diseases, especially those with asthma, are more affected. Polluted: Adverse impacts on human health begin to appear. For highly sensitive individuals, adverse health effects are severe. Heavily Polluted: Prolonged outdoor exposure can have noticeable negative effects on human health. Very High Pollution: Negative impact on human health.
Tavantolgoi Fuel LLC Sealed for Unauthorized Use of Chemicals
Published: 2024-12-10 | Translated from: isee.mn
Based on information received from citizens on social media, a non-scheduled inspection has begun, led by the Sectoral Control Agency in cooperation with the Capital City Agency for Air and Environmental Pollution Control, to review the operations of Tavantolgoi Fuel LLC’s processing plant under guide number 01/19. The inspection covers the Eastern, Western, and Central region plants of Tavantolgoi Fuel LLC. Samples from the raw materials of the enhanced briquettes, the intermediate coal product known as middling, as well as the surrounding air and soil, have been taken and sent to relevant laboratories. During the inspection, it was found that the company did not fulfill the conditions and requirements set by environmental impact assessments, lacked an environmental management plan for the year, and failed to implement its duties as a water user. As a result of these identified violations and deficiencies, procedures for recording offenses are being conducted. Additionally, it was discovered that unauthorized use of chemicals occurred within the internal control laboratory operations, which has now been sealed and transferred to the jurisdiction of the Ecological Police Department. The inspection is ongoing.
Tavantolgoi Fuel LLC Sealed for Unauthorized Use of Chemicals
Published: 2024-12-10 | Translated from: itoim.mn
In response to information submitted by the public on social media, an unscheduled inspection of the operations of Tavantolgoi Fuel LLC's processing plant has been initiated under directive number 01/19, in collaboration with the Sectoral Control Department and the Capital City Agency for Combating Air Pollution. The Eastern, Western, and Central factories of Tavantolgoi Fuel LLC were subjected to inspection, and samples were taken from the raw materials of the improved briquettes, as well as intermediary products such as coal middling, and air and soil samples from the surrounding areas. These samples have been sent to the relevant laboratories. During the inspection, violations related to non-compliance with the environmental impact assessment conditions, lack of an environmental management plan for the year, and failure to fulfill water user obligations were discovered. As a result, case registration procedures for these violations are ongoing. Additionally, the internal control laboratory was sealed for the unauthorized use of chemicals, and the case has been transferred to the Ecological Police Department for further action. The inspection is still underway, according to the Ministry of Environment and Climate Change.
2024 Marks the Warmest Year in Recorded History
Published: 2024-12-10 | Translated from: itoim.mn
This year is marked as the warmest year in recorded history, and the unusually high temperatures are expected to persist into the first few months of 2025, European Union scientists announced. The information from the EU's Copernicus Climate Change Service comes two weeks after the United Nations' climate negotiations. The Climate Change Service's data from January to November indicate that 2024 is indeed the hottest year in history, proving to be the first year where the global average temperature exceeded the pre-industrial levels of 1850-1900 by 1.5 degrees Celsius. The previous hottest year was 2023. In 2024, extreme weather conditions around the world have led to severe droughts in Italy and South America, deadly floods in Nepal, Sudan, and Europe, extreme heat in countries like Mexico, Mali, and Saudi Arabia, and disastrous cyclones in the United States and the Philippines, resulting in the loss of thousands of lives. The emission of carbon dioxide from combustion is a major driver of climate change. Reducing these emissions to net zero, as promised by many governments, is an effort that can help prevent further worsening of global warming. However, despite these promises, global CO2 emissions are set to reach record levels this year. The average air temperature in Mongolia has increased by 2.26 degrees Celsius over the past 80 years, making Mongolia one of the countries most affected by climate change. This increasing temperature has had serious impacts on key economic sectors, especially agriculture and livestock, highlighting the urgent need for attention to this issue.
A. Amartüvshin: Air Pollution in Ulaanbaatar to Decrease by 50% by 2028
Published: 2024-12-10 | Translated from: ikon.mn
Today, information was provided about solutions to reduce air pollution in Ulaanbaatar city and the city budget. Deputy Mayor for Social Sector, Green Development, and Air and Environmental Pollution Issues, A. Amartüvshin, explained, "Over 80% of the city's budget is occupied by major mega projects. Infrastructure connections are set to be completed in 2024-2025, so from next year, residential building constructions and power line work will commence. By 2028, when high-speed roads along the Tuul River and other roads are built for residential neighborhoods, air pollution is expected to decrease by 50%. It is estimated that with the opening of the Selbe sub-center in 2026, air pollution will decrease by 25-26%. In 2027, with the resolution of road and intersection issues along the Tuul River, vehicle speeds will increase by 20-30%, reducing the number of idle cars and thereby cutting harmful emissions. It is projected that by reducing 28-30% of air pollution caused by vehicles, 20% will be cut. Necessary financing, investment, loans, and foundational studies for these major constructions are being conducted," he elaborated. He noted, "In recent years, although air pollution has remained at levels similar to previous years, sulfur levels have increased, as confirmed by laboratory tests. However, by using improved fuel, air pollution has decreased by 50-60% compared to the time when raw coal was used." The city's base income for the 2025 budget is set at 3 trillion 226.4 billion tugriks, with the same amount for expenses. Of the budget income, 85.9%, or 3.3 trillion tugriks, will be raised through tax revenues, while 14.1%, or 541.9 billion tugriks, will be raised from non-tax revenues.
Tavantolgoi Fuel LLC Used Chemicals Without Authorization and Was Sealed Off
Published: 2024-12-10 | Translated from: itoim.mn
Based on information provided by the public on social media, an unplanned inspection was initiated involving the Branch Monitoring Office and the Ulaanbaatar Air and Environment Pollution Control Department at the processing plant operations of Tavantolgoi Fuel LLC. The inspection included the Eastern, Western, and Central Zone plants of Tavantolgoi Fuel LLC. Samples of raw materials used for improved briquette fuel were taken, including intermediate coal products (middlings), ambient air, and soil samples, and sent to respective laboratories. Within the scope of the inspection, violations and deficiencies were discovered, including failure to meet conditions set by environmental impact assessments, lack of an environmental management plan for the year, and failure to fulfill water use responsibilities. Consequently, a violation report is being processed. Moreover, unauthorized use of chemicals was found in the internal control laboratory operations, which has now been sealed and referred to the Ecological Police Department for jurisdiction. The inspection is ongoing according to the information provided by the Ministry of Environment and Climate Change.
The Habitat of the Gobi Bear Has Shrunk by 80%
Published: 2024-12-10 | Translated from: unuudur.mn
The Ministry of Environment, Climate Change, the National University of Mongolia (NUM), and the non-governmental organization “Wonders of the Gobi” jointly organized an international conference on the topic "Protection and Research of the Gobi Bear." Researchers highlighted that the main habitat of the Gobi bear, which is a part of the Great Gobi Strictly Protected Area, currently covers a total area of 4.6 million hectares. Currently, only 18,000 square kilometers of this area is inhabited by the Gobi bear, evidence that the animal’s historical range has contracted by 80%. In a study conducted in 2017, 32 individuals were identified in our country, but a joint Mongolian-Chinese technical assistance project counted 52 and is working to publish their research on this. This year, our country plans to undertake 21 actions with three objectives in order to protect the Gobi bear. Among these, seven actions to improve the Gobi bear's habitat are being implemented in the Great Gobi Strictly Protected Area, with an investment of 269 million MNT, according to Ch. Bayarbat, the director of the protection administration.
State Bank to Collaborate with the Ministry of Agriculture on Sustainable Development
Published: 2024-12-10 | Translated from: ikon.mn
State Bank and the Ministry of Food, Agriculture and Light Industry signed a memorandum of understanding to collaborate on promoting environmentally friendly green development and increasing green financing. In line with the implementation of the Green Economy and Green Transition Reform, the State Bank aims to reduce environmental pollution, expand national green financing to support environmentally and socially friendly projects and activities, and implement green banking operations focused on sustainable development. This collaboration is established at the policy level with the Ministry of Food, Agriculture and Light Industry. To support environmentally friendly green development and increase green financing, Minister of Food, Agriculture and Light Industry J. Enkhbayar and First Deputy Director of State Bank D. Sugar signed the memorandum of understanding. Through this agreement, they will collaborate at the policy level to expand national green financing for environmentally and socially friendly projects and activities, and to implement sustainable development-oriented green banking operations of the State Bank. This initiative aims to support environmentally and socially friendly projects and programs focused on sustainable development and provide a tangible contribution to addressing global climate change issues. Additionally, the State Bank has begun implementing various initiatives to combat climate change, such as calculating and reducing the greenhouse gases emitted from its operations and financed projects, promoting the sustainable use of resources, and launching a "car-free day" campaign among its employees. Confident Green Future Warning: The media (Television, Radio, Social, and Websites) must provide proper attribution to the source (ikon.mn) when using our information in any form, whether fully or partially.
State Bank to Collaborate with the Ministry of Food, Agriculture, and Light Industry to Promote Sustainable Development
Published: 2024-12-10 | Translated from: news.mn
The State Bank and the Ministry of Food, Agriculture, and Light Industry have signed a memorandum of understanding (MoU) to jointly promote environmentally friendly green development and increase green financing. Within the framework of implementing the Green Economy and green transition reforms, the State Bank aims to expand national green finance to reduce environmental pollution and finance projects and activities that are environmentally and socially friendly. To pursue these goals, the bank has established this memorandum of understanding to collaborate with the Ministry of Food, Agriculture, and Light Industry at a policy level. The Minister of Food, Agriculture, and Light Industry, J. Enkhbayar, and the First Deputy Director of the State Bank, D. Sugar, signed the MoU, signifying their mutual commitment to supporting environmentally friendly projects. This collaboration will strengthen national green finance to support environmentally and socially beneficial projects and programs, thereby contributing to sustainable development and addressing global climate change challenges. Additionally, the State Bank has begun initiatives to calculate and reduce the greenhouse gas emissions produced by its operations and the activities it finances, promote the efficient use of resources, and organize car-free days among its staff. These efforts demonstrate a commitment to a confident Green Future.
Tavantolgoi Fuel LLC Sealed for Using Chemicals Without Permission
Published: 2024-12-10 | Translated from: itoim.mn
Based on information received from the public on social media, an unplanned inspection is underway at the processing operations of Tavantolgoi Fuel LLC, in the framework of directive number 01/19, starting from December 4, 2024, in collaboration with the Branch Monitoring Office and the Capital City Air and Environmental Pollution Control Office. The Eastern, Western, and Central region plants of Tavantolgoi Fuel LLC have been included in the inspection. Samples of raw materials for improved briquette fuel have been taken, as well as samples of coal intermediates (middlings), surrounding air, and soil, which have been sent to the relevant laboratories. Violations and deficiencies identified during the inspection include failure to fulfill the requirements set by the environmental impact assessment, lack of an environmental management plan for the year, and failure to implement the responsibilities of water users, for which violation prosecution operations are underway. Additionally, the activities of the internal monitoring laboratory were sealed for using chemicals without permission, and the matter has been transferred to the Ecological Police Department according to jurisdiction. The inspection is ongoing, as reported by the Ministry of Environment and Climate Change.
Innovation
Apple Pay Launched in Mongolia
Published: 2024-12-10 | Translated from: ikon.mn
The Bank of Mongolia oversees the entire payment system of Mongolia, organizing and introducing diverse payment solutions. It ensures the necessary payment system infrastructure and technological readiness, thereby supporting initiatives and programs carried out by commercial banks and fintech organizations aimed at fast and reliable payment processing for citizens. Specifically, to introduce payment services meeting international standards and requirements domestically, the Bank of Mongolia has collaborated with Golomt Bank and Trade and Development Bank to implement Apple Inc.'s "Apple Pay" service, which is technologically world-leading. The "Apple Pay" service allows users to make payments using Apple’s smart devices such as iPhones and smartwatches running the iOS operating system. With this service’s launch, users can make international payments using the national "₮ card," which is a significant step for providing Mongolian residents with a new international payment route. Furthermore, it is now possible to make payments using iPhone on the over 150,000 POS devices used in Mongolia. In the future, the Bank of Mongolia plans to continue supporting the introduction of advanced payment solutions implemented by banks and financial institutions.
C. Munkhbaatar: The World Intellectual Property Organization Recognized that a Mongolian Engineer Created a Smokeless Stove
Published: 2024-12-10 | Translated from: itoim.mn
Air pollution has become the most pressing issue reaching national security levels. A Mongolian engineer has created a smokeless stove that has been recognized by both international and many foreign countries. "I heard you created a smokeless stove, and everyone seems to be surprised and interested. Since smoke is the most pressing danger for Mongolians today, we wanted to interview you to learn about your technology." "Mongolians didn’t even know what a smokeless stove was before. Now they seem to understand that there are stoves that burn smoke. I've been trying to introduce this technology to my home country for over a decade. Our 'Nomadic Eco' stove is a dual-combustion stove that burns the smoke twice. Simply put, after lighting a fire, instead of letting the smoke go straight up the chimney, we supply air in the middle stage to burn it again. This has been proven by numerous experiments. Improved fuels made at factories established by government regulations and ER-washed coal have been shown to be smokeless by burning a second time. Registered and tested by the Mongolian Intellectual Property Office, the Standardization and Metrology Agency, the Academy of Sciences, and the Institute of Chemistry and Chemical Technology, we have passed all their requirements and received certifications. These organizations determined that our stove emits 3169 mg/nm3, whereas our state agencies consider up to 9800 mg/nm3 to be acceptable. You can see the performance from these figures." "I heard that your creation was registered by the World Intellectual Property Organization?" "We have registered this technology with the World Intellectual Property Organization, and it has been recognized. We have received intellectual property patents from more than 60 countries, including Russia and China. Some of these countries express great interest in working with us on the technology, but as a Mongolian, I want to introduce it in my home country first and then enter the foreign markets." "Do you have any research on the economic benefits for households?" "Of course. Using our 'Nomadic Eco' stove mainly ensures that citizens won't suffer from carbon monoxide poisoning, saves fuel, and is economically beneficial. Even when improved fuel is burned in an ordinary stove, 50% becomes smoke and disperses into the air, but our stove burns that smoke again to produce more heat. A 25 kg bag of fuel lasts a household a day and a half with our stove. This leaves economic savings, doesn’t it? I've been developing this stove for over 10 years. In 2023, we made it suitable for cooking by adding a pot module. So, with very little fuel, you can cook all your meals and still extract additional heat. Most importantly, it’s safe from carbon monoxide poisoning." Currently, there are 4.8 billion stoves used globally for domestic purposes. In our country, including rural areas and Ulaanbaatar, there are over 500,000 stoves used for domestic purposes. I've been developing the stove and traveling to many places, including abroad. The World Intellectual Property Organization and others examined and verified in their labs and institutes that a Mongolian engineer has indeed created a smokeless stove. Now we are producing various types, not just domestic heat-emitting stoves, but also stoves for travel and organizational use. Another major issue, besides smoke, is trash. The globe is actively seeking solutions on what to do with waste. Therefore, we have developed smokeless incinerators to burn waste, completed our development, and started introducing it gradually. Calculated outcomes show that burning waste and using the resulting ash to produce construction materials and generate energy yields many positive results.
Golomt Bank: Hosted Apple Pay Launch Event
Published: 2024-12-10 | Translated from: news.mn
Since its establishment, Golomt Bank has aimed to deliver innovative services that meet global standards to its customers, ahead of others, not only in the banking sector of Mongolia but also beyond. In line with this goal, Golomt Bank successfully announced today at a press conference that it has introduced a new opportunity to link its card to Apple Pay, a payment tool used in about 90 countries worldwide. With the introduction of this solution, eagerly anticipated by Mongolian iOS users, the previously existing issue of linking foreign cards to Apple Pay and paying currency differences is resolved, allowing the use of the fastest payment tool with their national card without additional fees. The CEO of Golomt Bank, A. Odonbaatar, stated: "Every payment made with Apple Pay is authenticated through facial recognition, fingerprint identification, or the device's password and a one-time unique dynamic security code, making it very reliable in terms of safety. This enables users with iOS operating systems such as iPhone, iWatch, iPad, and Mac to have increased payment options, while businesses and service providers also gain an option to receive payments." Ts. Baatarkhuu, Minister of Digital Development, Innovation, and Communications, remarked: "We will work to support Apple Pay and services conforming to this standard at the government level. As more Mongolian citizens work and travel abroad each year, and as the number of foreigners visiting our country increases, we believe that introducing Apple Pay will greatly simplify foreign payment transactions for Mongolia." E. Anar, Director of the Payment Systems Department at the Bank of Mongolia, emphasized that the Bank of Mongolia is supporting the implementation of diverse payment solutions and is working in collaboration with commercial banks. They are especially focused on widely introducing contactless payments, as the features and infrastructure of Mongolia's payment systems fully support contactless payments. Apple Pay represents a leading international example of remote payment systems based on mobile phones reaching high levels. With Apple Pay, users can make purchases faster and easier by using the application or web browser without needing to create a new account or enter delivery and payment information each time. It simplifies the payment process for all kinds of Apple applications, in addition to payments for food delivery, online purchases, transportation, parking, and other services. By linking its card to the Apple Pay payment tool, Golomt Bank becomes one of the first commercial banks in Mongolia to officially gain rights to Apple Pay and Apple Wallet. Customers can link their card to the Apple Pay wallet via the SocialPay application, and it is possible to connect only the Mastercard and T cards of Golomt Bank. Click HERE for more detailed information.
Onis Systems Collaborates with XacBank to Introduce New Technology in Trade and Hospitality Sector
Published: 2024-12-10 | Translated from: ikon.mn
Onis Systems, a pioneer in introducing new technological solutions in the trade and hospitality industry, has signed a cooperation agreement with XacBank. As a result, all users of Onis Systems will have the opportunity to utilize XacBank's POS terminal services quickly and easily. Onis Systems is an intelligent and modern software solution developed by a team with 13 years of experience, serving over 15,000 users in the trade service sector. Warning: Media organizations (television, radio, social media, and websites) should note that when using our information in any form, fully or partially, they must always cite the source (ikon.mn).
Apple Pay Launches in Mongolia, Enabling Payment with iPhone
Published: 2024-12-10 | Translated from: gogo.mn
The Central Bank of Mongolia oversees and organizes the entire payment system in Mongolia, ensuring the infrastructure and technological readiness needed for implementing diversified payment solutions. This foundation enables projects and programs initiated by commercial banks and fintech organizations to facilitate fast and reliable payments for citizens. The "Apple Pay" service allows users to make payments using Apple products such as smartphones and smartwatches that operate on the iOS operating system. In an effort to domesticate a payment service that meets international standards and requirements, the Central Bank of Mongolia collaborated with Golomt Bank and Trade and Development Bank to introduce the "Apple Pay" service. This technology leads globally and offers users the ability to make payments using Apple devices with the iOS operating system. With the introduction of this service, it becomes possible to make international payments using the national "₮ card", opening an important new route for international transactions for our country's citizens. Furthermore, more than 150,000 POS devices in Mongolia now enable payments with iPhones. Going forward, the Central Bank of Mongolia plans to further support the implementation of advanced payment solutions by banks and financial institutions. Source: Central Bank of Mongolia
Munkhbaatar Tsedev: The World Intellectual Property Organization has recognized the Mongolian engineer's smoke-free stove
Published: 2024-12-10 | Translated from: itoim.mn
Air pollution has become the most pressing issue reaching the level of national security concerns. However, it seems that a Mongolian engineer has invented a smoke-free stove that has been recognized globally and in many countries. - We heard that you have created a smoke-free stove, and everyone seems amazed and curious. Given that smoke is the most urgent danger for Mongolians today, we aimed to discuss your technology. - Long ago, Mongolians were not even aware of the concept of a smoke-free stove. It appears that they are just now grasping the idea of a stove that burns its own smoke. It has been over 10 years since I first invented this technology and tried to introduce it in my home country. Our "Nomadic Eco" stove is a double-combustion stove that burns its smoke twice. In simple terms, when the fire is lit and smoke rises, instead of letting it go straight through the chimney, it's funneled to a second stage where air is added, and it burns again. This is the basic concept. It's been proven through numerous tests that by using improved fuel and ER-washed coal produced in the factories established under government decision, we can make smoke disappear. This has all been certified by official bodies including the Mongolian Intellectual Property Organization, Standardization and Metrology, and the Institute of Chemistry and Chemical Technology of the Academy of Sciences. All of these organizations have confirmed our stove shows emissions of 3169 mg/nm3, compared to the 9800 mg/nm3 considered acceptable by our state organizations. This illustrates the stove's performance. - We heard that your invention has been registered and recognized by the World Intellectual Property Organization? - Yes, precisely this technology has been registered and recognized by the World Intellectual Property Organization. We've obtained intellectual property patents from over 60 countries including Russia and China. Although many countries where we hold patents are keen to collaborate, as a Mongolian, I wish to introduce it to my homeland first before moving on to foreign markets. - Are there studies on the economic benefits for households? - Absolutely. Using our "Nomadic Eco" stove, not only protects citizens from the danger of carbon monoxide poisoning, but it also saves fuel, therefore economically. Even when burning improved fuels in a regular stove, 50% of it turns into smoke and disperses into the air, whereas our stove burns that smoke again to produce more heat. A household can use a 25 kg bag of fuel in our stove for two and a half days. This clearly results in economic savings. We've been developing the stove for over 10 years. In 2023, we upgraded the stove to allow cooking on a pot stand. It means all your cooking can be done with minimal fuel while generating additional heat. It's essential to stress that it will prevent the danger of carbon monoxide poisoning. Currently, it's estimated that worldwide there are 4.8 billion household stoves in use. In our country, combining rural areas and the city of Ulaanbaatar, about 500,000 stoves are used domestically. I've traveled to many places over the 10 plus years of developing this stove. I've traveled extensively abroad. The World Intellectual Property Organization and other places have examined the smoke-free stove through various labs and teams, ultimately recognizing it. Now we're manufacturing not only stoves for household heating but also for travel and various institutional uses. Globally, besides smoke, waste has become a major problem. The whole globe is proactively seeking solutions for waste management. Consequently, we're creating a stove that burns waste without smoke and are introducing it gradually. Calculations show that beneficial outcomes like producing building materials and generating energy from the ashes of incinerated waste are achievable.
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