Jan 4, 2025 53 min read Daily News Summaries

Mongolia News Summary for January 04, 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.

Today's Stories

Politics

The commissioning of the power plants by Golomt's D. Bayasgalan and Garid Ts. Tserenpuntsag is not the "achievement" of the joint government

Published: 2025-01-03 | Translated from: isee.mn

Prime Minister L. Oyun-Erdene, in his New Year's address, stated that by bravely resolving the issue of freeing energy prices, which had not been resolved for 34 years, energy projects that were economically disadvantaged were able to move forward, leading to the commissioning of the Booroljuut thermal power plant. - THE BOOROLJUUT POWER PLANT OF "GOLOMT"'S D. BAYASGALAN BEGAN WORK IN 2015 - In the current situation, where energy enterprises operate at a loss, electricity is restricted, and prices have been increased to some extent, phrases like "freeing energy prices" and "increasing the number of power plants and sources" are appealing. However, the work on the 300-megawatt Booroljuut power plant that was commissioned today began back in 2015. Specifically, during the World Economic Forum's Summer Meeting held in Dalian, China, "Bodi International" LLC and China's "Powerchina Resources" LLC signed a joint investment agreement for the Booroljuut power plant project in 2015. Consequently, the Booroljuut power plant was funded with 300 billion MNT from the "Capital" bond and commissioned nine years later in 2024. - TS. TSERENPUNTSAG BUILT THE "TOSON" POWER PLANT WITH HIS OWN FUNDS - Simultaneously with the Booroljuut power plant beginning to supply electricity to Ulaanbaatar, the "Toson" power plant commissioned in Tosontsengel sum of Zavkhan province is ready to supply energy to Zavkhan and Gobi-Altai provinces. The "Toson" power plant construction, which former parliament member and wrestler Ts. Tserenpuntsag began in 2020 with his own funds, said that the 18-megawatt power plant built with 130 billion MNT is an investment contributing approximately 6 million MNT per household and about 1.8 million MNT per resident in Zavkhan province, spreading its benefits to local development. However, he lost the 2024 parliamentary election. - "BOOROLJUUT" AND "TOSON" POWER PLANTS ARE LONG-DISCUSSED PROJECTS - In short, the Booroljuut and Toson power plants commissioned closely together by Golomt's D. Bayasgalan and former parliament member and wrestler Ts. Tserenpuntsag are projects that have been discussed for many years. They are not sudden constructions that appeared magically in response to the decision to free energy prices. In reality, the energy reform and price-freeing policy has resulted in increasing electricity bills and burdening citizens. It is common in other countries to maintain electricity and fuel prices, even with government losses, recognizing them as the economic foundation. Yet, Prime Minister L. Oyun-Erdene seems to have attempted to portray the joint government's actions on freeing prices as a heroic rescue of the public from hardships, hoping to become a "people's hero."

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Refusal to discuss the complaint in the "Coal" case involving T.Ayursaikhan and others

Published: 2025-01-03 | Translated from: gogo.mn

The criminal chamber's entire panel of judges at the Supreme Court refused to review the complaint made regarding the case involving T. Ayursaikhan, T. Tuvshinbaatar, I. Davaadorj, B. Otgonjargal, G. Gantomor, B. Gankhuyag, Kh. Batkhishig, B. Erdenebayar, O. Dagvadorj, P. Badamhant, and O. Danzanluvsantudev, based on the prosecutor's written protest and the complaints filed by: - Defendant T. Ayursaikhan and his defense attorneys P. Baasanjav, B. Gerel-Ochir, Ts. Nyamdorg, N. Tsetsegmaa; - Defendant Kh. Batkhishig and his defense attorneys B. Davaajantsan, D. Oyunbaatar; - Defendant I. Davaadorj and his defense attorneys B. Bat-Eruult, B. Ganpurev; - Defendant O. Dagvadorj; - Defendant B. Otgonjargal and his defense attorney B. Dashdorj; - Defense attorney S. Delgermaa for defendant P. Badamhant; - Defense attorney B. Munkhbat for defendant B. Gankhuyag; - Defense attorney O. Bayarbayasgalan for defendant B. Erdenebayar on January 2, 2025. These 11 individuals, including defendant T. Ayursaikhan, were accused of crimes under several articles of the Criminal Code, including articles 18.6 paragraph 1, 20.3 paragraphs 1 and 3, 21.2 paragraph 1, 21.5 paragraph 1, 22.1 paragraphs 1 and 2, 22.4 paragraphs 2 and 4, 22.5 paragraph 1, and 22.10 paragraphs 1 and 2. However, the judges' conference concluded that the grounds for the prosecutor's protest and complaints from the defendants and their attorneys did not fall under the provision of the 1st paragraph of Article 40.1 of the Law on Criminal Procedure, which addresses: - Correcting discrepancies in the application of the law; - Serious violations of the Criminal Procedure Law affecting the court decision; - Incorrect application of the law contrary to Supreme Court resolutions and interpretations; - The establishment of new legal concepts or principles of significant common importance when determining law application. Therefore, the court decided not to proceed with a review of this case at the supervisory hearing stage.

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Economy

The Importance of Foreign Investment

Published: 2025-01-03 | Translated from: ikon.mn

Badraliin's family consists of four members. Although he graduated as a geologist from university, he couldn’t immediately find a job in his field, so he took a position at a computer gaming center. Living with his in-laws, he managed to cover the expenses of diapers for his newborn daughter with his salary. Obviously, living like this was difficult for long, so he looked for a job in his field and eventually succeeded in passing the selection process at the "Oyu Tolgoi" company. As a result, the life of Badraliin's family improved significantly; their income increased fourfold, allowing the young family to save money, and within four years, they managed to gather the down-payment for a three-room apartment in a newly built residential building. This is the real story of just one family. The "Oyu Tolgoi" project has become a lever not only for this family but for thousands of young people to fulfill their dreams of living a good life. It has led many businesses to stand on their own feet and had a significant impact on Mongolia's economy as a mega project and investment from a third neighbor. Today, Badraliin is not only skilled in his work but has also acquired new computer skills, advanced in position, and developed into a valuable employee with excellent communication and teamwork skills. Here, we intended to highlight not the "Oyu Tolgoi" project itself but how foreign investment can affect a family's life. This is because, since 1990, 87% of the Foreign Direct Investment (FDI) in Mongolia—most of it—has been in this project, making it undeniable. Our country is small. When $5.7 billion in investment came into Mongolia through the mining sector in 2011-2012, the economy grew by 17% and was praised worldwide. However, political conditions discouraged investors, stopping the FDI flow, and the economic growth dropped to 1%, witnessed by the entire nation. In other words, for a developing, non-manufacturing country like Mongolia, the way to rapidly grow the economy and create many jobs in a short time is through foreign direct investment. Due to significant foreign investment in the mining sector, Mongolia has moved from being classified as an underdeveloped country to being counted as a developing one. Specifically, a 1% increase in foreign direct investment has brought a 0.76% real growth in the economy, with 0.22 percentage points of this growth being related to "Oyu Tolgoi" investment, as determined by a study conducted by the School of Economics and Finance. The greatest value created by FDI is not just in infrastructure and economic diversification but also in innovation, technological advancement, and in producing skilled employees like Badraliin with knowledge, experience, and skills. Through them, productivity improves and salaries increase, leading to better living standards and life quality, which have been realized in our country as well. For example, household income is correlated with FDI, as confirmed by a study from the School of Economics and Finance, showing that household nominal income has increased 17 times over the past 20 years. The growth created by FDI is not limited to the mining sector. The research also shows that trade, transport, manufacturing, and construction sectors have grown alongside this investment. Since 2017, the improvement in Mongolia’s balance of payments has been influenced by the increase in FDI inflows, allowing it to finance the current account deficit mainly through FDI instead of foreign loans as was done from 2013 to 2016, according to Bank of Mongolia’s Chief Economist D. Gan-Ochir. A UNICEF study also highlighted the increase in household income levels in mining regions and the opportunities for local children to acquire new knowledge and education equal to urban children, thanks to schools, kindergartens, equipment, and environmental improvements established by mining companies. All this has been positive results brought on by foreign direct investment, which Mongolia must acknowledge and change its approach. Our favorite example, South Korea, managed to nurture large multinational corporations through the influence of foreign direct investment. The size of FDI in South Korea has increased 5,000 times over 60 years, as announced by the Ministry of Trade, Industry, and Energy of South Korea. From attracting $3 million in 1962 and celebrating it, the country now manages to receive around $20 billion in foreign investment, creating approximately 750,000 jobs. One of their companies is now capable of setting up a factory worth $17 billion in the USA as an investor. Following FDI like this, national companies can grow and become investors themselves. As of 2023, the total FDI in Asian countries is around $400 billion, with countries like China, Singapore, Vietnam, and South Korea capturing this. Countries race to attract foreign investment by offering the best conditions and grow their economies. Meanwhile, Mongolia has been working to make its Investment Law more attractive for three years. This law is important for investors. Politically, and in terms of policy and law, how Mongolia can not inconvenience business owners with money for a long time is determined by this law, so the interest outside is high. As for who will invest in Mongolia now, the sectors that can attract investors today are mining and energy. The energy sector alone holds a potential of exporting 200 GW of wind and 1,200 GW of solar power, according to a study by the Asian Development Bank. However, to exploit this potential and export 5 GW of solar and wind power, $5.5 billion in investment is required. To export 100 GW, $85 billion is needed, of which up to $60 billion can be brought from abroad, according to energy consulting engineer B. Batlhagvaa. These figures show the potential for receiving an amount four times higher than the entire Mongolian economy for a single project. The positive impacts mentioned above will also yield direct and indirect benefits. The large foreign investment project that can be implemented in the near future is the Zoovch-Ovoo uranium project in Ulaanbaatarakh district of Dornogovi province. If the investment agreement currently under discussion succeeds, it will bring over a billion dollars in investment into Mongolia, create about 1,000 jobs, and repattern Mongolia’s export structure to include natural uranium exports. This will lead to a strategic partnership with France. New infrastructure projects will be implemented in Dornogovi province, expanding its economy. These are the changes resulting from just one project. Of course, innovation, never-before-seen technologies, and know-how will also enter Mongolia, so we reiterate this point. The government has set the goal of doubling GDP per capita to $10,000 by 2030, and for this, it plans to start 14 mega-projects next year and bring some into operation by 2028. Such projects can only be launched with foreign investment, not from the budget. It's possible to create thousands of middle-income households like Badraliin by increasing jobs in this way. Thus, for rapid development, Mongolia sees no alternative but to strive and rely on foreign investment.

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Exchange rate of US dollar varies by about 10 tugriks among commercial banks

Published: 2025-01-03 | Translated from: news.mn

According to the Mongolian Central Bank, the exchange rate for the US dollar was 3420 tugriks. After some weakening and stabilization early in 2024, the tugrik-to-dollar exchange rate has been gradually increasing since the end of October last year. For instance, from July to October 2024, the dollar was stable at 3381 tugriks. However, starting from late October 2024, the rate has risen by about 40 tugriks over two months. As of today, commercial banks are selling the dollar at a rate about 10 tugriks higher than the rate announced by the Central Bank of Mongolia. Specifically, Khan Bank offers the dollar at 3438 tugriks, as do Trade and Development Bank and State Bank, while Golomt Bank sells it at 3436 tugriks. Additionally, the exchange rates are as follows: the yuan is 468.66 tugriks, the yen is 21.83 tugriks, the won is 2.33 tugriks, and the ruble is 31.10 tugriks. In October 2023, the dollar rate was at the highest, at 3460 tugriks. Meanwhile, precisely one year ago, the dollar-to-tugrik exchange rate was 3410 tugriks.

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Tesla Sales Decline for the First Time in 9 Years

Published: 2025-01-03 | Translated from: news.mn

Tesla's sales have declined by 1.1% compared to the same period in 2023, according to a report released on Thursday. This marks the first decline in nine years. Tesla's branches in Austin, Texas sold 495,570 cars in the last two months, bringing the total annual deliveries to 1.79 million. However, this is a 1.1% decrease from the 1.81 million sales in 2023. Despite hopes that having a close relationship with the winner of the presidential election would benefit Musk's companies, this was not the case. Globally, Tesla's sales grew by 2.3% in the last quarter of 2024. Factors such as financing and cheaper leasing contributed to this growth, but the overall result was still a decline. The demand for electric vehicles in the United States and other countries also decreased, impacting these figures. The last time the company's sales fell was in 2011, when Tesla sold 1,306 cars in 2010 and this number slightly decreased to 1,129 the following year. With these sales figures, the stock price fell by 6.1% on Thursday. Musk had increased his stock holdings by over 50% after the election, hoping that the Trump administration would improve electric vehicle regulations. SOURCE: AP

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How has the Vehicle Excise Tax Changed?

Published: 2025-01-03 | Translated from: news.mn

The Citizens' Representatives Council of the Capital held a meeting and decided to increase the vehicle excise tax and the road usage fee by 3-5% when approving this year's budget for the capital. This law will come into effect starting January 1, 2025. Drivers pay different taxes depending on the engine capacity of their vehicles. So, with the mentioned increase in vehicle taxes, how much tax will a citizen have to pay? A vehicle with a 1500 cm³ engine used to pay 36,000 MNT annually for the vehicle excise tax, but under the new law, this will be increased threefold to 108,000 MNT. Previously, the same vehicle paid 20,000 MNT as a road usage fee, but as the new law comes into effect, this will rise to 100,000 MNT. Meanwhile, a vehicle with a 3500 cm³ engine used to pay 114,048 MNT, but with the threefold increase, it will now pay 342,144 MNT for the vehicle excise tax. The road usage fee, which was previously 40,000 MNT annually, will now be 200,000 MNT. This law mandates a threefold increase in the vehicle excise tax and a fivefold increase in the road usage fee, depending on the engine capacity. Citizens must pay their vehicle excise tax once a year by June 1st of that year. In other words, if your license plate ends in 1 or 6, you pay in January; if it ends in 2 or 7, you pay in February; if it ends in 3 or 8, you pay in March; if it ends in 4 or 9, you pay in April; and if it ends in 5 or 0, you pay in May.

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The State Owns 122 Companies, but Only Five Operated Profitably

Published: 2025-01-03 | Translated from: news.mn

In Mongolia, there are a total of 122 state-owned and state-involved companies and enterprises, but only five of them operated profitably in 2024. Specifically, "Erdenes Tavan Tolgoi" JSC, "Erdenet Plant" SOE, "Mongolrosteel" SOE, "MIAT" JSC, and "State Bank" JSC were profitable. According to the audited financial statements at the end of 2023, they generated a total revenue of MNT 15 trillion 304 billion, incurred expenses of MNT 9 trillion 247 billion, resulting in a net profit of MNT 4 trillion 504 billion. The 122 companies and enterprises, which are state-owned or have state participation, operate in sectors such as energy, transportation, mining, banking and finance, information and communication, agriculture and food, light industry, construction and urban development, environment, tourism, sports, culture and arts, and foreign relations, employing around 60,000 individuals. These companies and enterprises owned a total asset of MNT 64 trillion 200 billion according to the 2023 audited financial report, earned a total revenue of MNT 23 trillion 617 billion, incurred expenses of MNT 16 trillion 912 billion, and operated with a net profit of MNT 4 trillion 983 billion. Although they operated with nearly a net profit of MNT 5 trillion, MNT 4.75 trillion of the total net profit was generated by just five companies: "Erdenes Tavan Tolgoi" JSC, "Erdenet Plant," "Erdenes Mongol," "Agriculture Corporation," and "State Bank." Meanwhile, 380 billion was produced by other 51 companies and enterprises, whereas 43 companies and enterprises operated at a loss, with the total amount of loss reaching MNT 150 billion. The government has initiated legal reforms to improve the operations of state-owned companies and enterprises. Specifically, certain regulations have been included in the Law on State and Local Property to ensure state-owned companies and enterprises conduct their operations transparently, openly, productively, and profitably following the approval of Mongolia's 2025 budget law. Additionally, a primary draft law on state and local government-owned companies is being developed. N. Uchral, Head of the Cabinet Secretariat of the Government, announced last year that a necessary reform for state and local government-owned companies is needed. He stated, "Expenditures are high, executives constantly receive incentives, and state-owned companies have uncontrolled budgets outside of the government budget, thus appropriate actions must be taken. Therefore, we are focusing on three aspects: firstly, financial discipline and responsibility; secondly, transparent and open governance; and thirdly, ensuring no state intervention in the economy by making legal reforms to prevent the competition with the private sector. Up to today, financial discipline and responsibility have political affiliations, and there are uncontrolled budgets. The lack of clear governance and opacity has become issues that must be addressed." There are 99 "head" state-owned companies reporting to the State Property Policy Coordination Committee, along with subsidiaries and dependent companies, totaling 122 companies. However, the local government-owned companies are beyond countability. According to the International Monetary Fund's standard criteria, 40% of the 99 companies are assessed as risky by their debt-to-equity ratios. 23% are rated as medium risk and 20% as high risk regarding asset return risk. State-owned companies generate MNT 5.8 trillion in revenue for the national budget, in the form of dividends, taxes, and fees, yet they incur MNT 16.9 trillion in expenses. They receive MNT 70 billion in subsidies from the budget. In essence, their expenses far exceed their revenue. According to the conclusions submitted by the National Audit Office, MNT 319.8 billion was spent on 158 initiatives not included in the 2023 investment plan, causing concern. Nine state-owned companies that operated at a loss throughout the year awarded MNT 971.9 million as "performance bonuses" to their management, while the mutual debts and loans of state-owned companies reached MNT 3 trillion, illustrating the numerous existing issues. Therefore, this year, the government is working on regulations such as an open selection process for the Board of Directors of state-owned companies and making corporate social responsibility projects and programs dependent on the company's profitability.

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This year, 1.2 trillion Tugriks in mortgage loans will be provided

Published: 2025-01-03 | Translated from: news.mn

This year, 44% of the mortgage loans will be provided in local areas and the remaining 56% in the capital, with an interest rate of 6%. The total source of mortgage loans is expected to be 1.2 trillion Tugriks in 2025, as reported by the Mongolbank. Mongolbank has calculated to provide 500 billion Tugriks from loan repayment, 500 billion Tugriks from the Savings Fund, and 200 billion Tugriks from commercial banks. It was also noted that the financing from commercial banks could reach 2 trillion Tugriks if differentiated interest loan products are created by changing the current system. For instance, differentiating interest rates, such as 8-9% for the A zone in the city, is being discussed at the working group level, according to the sector minister. Currently, to participate in the mortgage loan program, there is a requirement to pay 30% of the purchase price of the apartment in advance. This requirement is burdensome for citizens, so some believe that the 30% threshold should be removed. However, the president of Mongolbank highlighted that reducing the advance payment is not possible, and that the current 30% is in line with international standards. The Minister of Urban Development, Construction, and Housing, J. Batsuuri, stated that mortgage loans will not be issued for apartments larger than 80 m² and will only be available for those up to 50 m². The loan will also be granted to first-time applicants as there is a need to cater to those without housing first. A 50 m² apartment is deemed livable, and those taking the mortgage should not take it a second time for business purposes. Income-matched housing mortgages will be offered to young families, especially those relocating to local areas, with preferential interest rates. Previously, residents of Ulaanbaatar were primarily eligible for these loans. Reducing the advance payment poses a risk of increasing demand which is already high. However, in rural areas, the down payment is reduced by approximately 12% through the loan guarantee fund. The government has decided to concentrate 499.5 billion Tugriks in the Savings Fund in 2024, and Mongolbank has allocated these funds through 9 commercial banks for mortgage loan resources, enabling 5,291 citizens to join mortgage loans. Annually, around 20,000 citizens participate in housing loans, with one-third on preferential loans, one-third on commercial loans, and the rest unable to secure loans. In the future, when providing mortgage loans, the city’s A and other zones will be considered, and an effort is underway with a working group to differentiate interest rates between 6-9%. Moreover, this year, 44% of the total loans are planned to be distributed as housing loans in local areas and 56% in the capital. Significant attention is being paid by relevant sector ministers to increase the availability of mortgage loans. End-Amgalan, the Minister of Labor and Social Protection, announced that young families, families with many children, families with disabled members, and civil servants can be included in the housing loan scheme, providing half of the 30% advance payment through the Loan Guarantee Fund. Additionally, the issue of providing loans for private houses is being researched, and efforts have begun to offer mortgage loans for energy-efficient private houses by updating requirements and standards.

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Decline in Duty-Free Sales Concerns Retailers

Published: 2025-01-03 | Translated from: news.mn

The decline in the number of visitors to Hainan and weakening economic strength have led to a decrease in the province's duty-free product revenue. Specifically, Hainan, known for its luxury stores and beaches, sold 43.76 billion yuan worth of duty-free goods in 2023, which fell to 30.94 billion yuan in 2024. Similarly, the number of tourists dropped from 6.76 million to 5.68 million, a decrease of nearly 16 percent. Several factors have contributed to this decline. The depreciation of foreign currencies and enticing travel policies, such as visa-free travel to Malaysia, have increased travel and shopping outside China. Additionally, Chinese domestic consumers are increasingly looking for cheaper goods abroad, leading to a decline in luxury goods and duty-free cosmetic sales. Luxury brands like LVMH and Kering, which anticipated growth after Covid-19, are seeing worsening sales. One reason is the change in purchase restrictions at Hainan’s island duty-free shopping hub in 2020. Moreover, the decline in purchasing is hindering plans for Hainan to become a duty-free zone by 2025. Nevertheless, service businesses in the region are hoping to attract buyers from other duty-free locations such as Japan and Singapore. However, broadly, Chinese consumers are showing less interest in spending on luxury and non-essential items. This negatively impacts retail growth, with sales growth reaching only three percent by November 2024, notably lower than the initially projected growth of 4.6 percent. Therefore, the country's retailers are calling on the government to implement policies to boost purchasing consumption by 2025.

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Your Comprehensive Financial Accounting Solution BAAZ 3.0

Published: 2025-01-03 | Translated from: ikon.mn

The Baaz platform announces its first special discount of 2025. Choose the program you want and enjoy a 30% discount every time you pay for a one-year subscription. The promotion is valid until January 31, 2025. Reasons to choose your BAAZ 3.0: Finance - E-barimt or electronic payment document system version 3.0 update - Reuse your financial transactions as templates - Send from the sales list to E-barimt - Reconcile VAT information with tax reports, check discrepancies - Accounts receivable/payable transactions flow through the invoice and payment menu, automatically entering the journal, configuring payment due dates, and monitoring if paid or overdue - View aging reports of receivables and average collection period - View aging reports of payables and average payment period - Configure automatic transaction invoices for regularly recorded transactions and create transactions on the configured dates Goods and Materials - Configure VAT classification per item - Adjust item prices by customer and location - Set discounts and promotions for items as desired - Create internal income and expenses - Automatic cost recalculation with every transaction without the need for manual cost adjustment, eliminating cost variances - Print templates for primary forms of goods and materials - Automatic creation of payment journal entries for purchasing transactions, monitoring payment closure and balance - Generate and close invoices upon sales registration, automatically entering journal for closed amounts, and monitor unpaid balances - Withdraw goods from the integrated product database - Implement sales plans based on the following categories: - Seller - Location (such as branch, warehouse, unit) - Self-created category (e.g., food, household, cosmetics) - Specific product upon emphasis in sales plan - Registered buyer or customer - Reducing the manual work needed by financial accountants, saving time, and allowing work independent of location, comprised of modules that enable this. BAAZ APPLICATION offers you the ability to monitor sales and financial information in real-time on mobile and handheld devices. Also, through the payroll module, salaries can be distributed on scheduled days, and automated calculations for leave and allowances can be processed, with salary information sent to employees via email. Notice Media entities (Television, Radio, Social and Web pages) must credit the source (ikon.mn) when fully or partially using our information in any format. Please be aware of this!

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Slovakia to Halt Energy Exports to Ukraine After Natural Gas Flow Stops

Published: 2025-01-03 | Translated from: gogo.mn

After the flow of natural gas was stopped, Slovakia announced that it would halt its energy exports to Ukraine. The agreement allowing Russian natural gas to reach European countries via Ukraine has expired, and Kyiv has refused to extend it. Consequently, the Prime Minister of Slovakia has threatened to cease financial assistance to more than 130,000 Ukrainian refugees. Furthermore, a proposal to stop energy exports to Ukraine is expected. According to Prime Minister Robert Fico, while the supply of natural gas has ceased, Slovakia has not experienced a shortage. However, he stated that Zelenskiy’s decision would halt the payment of 500 million euros in transit fees that Slovakia receives from other countries. Last month, the President of Ukraine criticized the Slovakian Prime Minister for allegedly aiding Putin and financing the war, thereby increasing Ukraine’s damages. If Slovakia ceases its energy exports to Ukraine, Poland has announced it will support Ukraine. The Polish government views the end of the natural gas export agreement as a significant victory for Ukraine against Moscow. Source: BBC

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UVURKHANGAI: 275 Enterprises Received 28.5 Billion Tugriks in Concessional Loans Last Year

Published: 2025-01-03 | Translated from: montsame.mn

Within the scope of the policy to support small and medium enterprises (SMEs) through concessional loans, 3,528 citizens and enterprises were supported with concessional loans amounting to 94.4 billion tugriks between 2021-2024. From the Small and Medium Enterprise Development Fund (SMEDF), loans were distributed to eight companies in 2023 amounting to one billion tugriks, while nine companies received concessional loans in 2024. In 2024 alone, 275 enterprises participated in a concessional loan source of 28.5 billion tugriks. Four enterprises have participated in the BEST program, funded by the USAID, receiving non-repayable grants of 40 million tugriks to expand their operations. At the provincial level, 859 herder households have united to form 396 cooperatives, of which 215 cooperatives accessed loans totaling 36 billion tugriks.

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European Gas Prices Rise

Published: 2025-01-03 | Translated from: montsame.mn

On Thursday, which marks the first day of trading in the new year, gas prices in Europe reached their highest level since October 2023, climbing to 50.3 euros per megawatt-hour (approximately 526 euros per thousand cubic meters), Bloomberg reported. Analysts explain that the price rise is due to the halt in the transit of Russian natural gas through Ukrainian territory, a malfunction in the compressors at Norway’s Hammerfest LNG plant leading to a shutdown until January 9, and a sharp cold spell in Northern Europe increasing gas consumption. "The reduced supply of liquefied natural gas from Norway could result in significant withdrawals from gas reserves this week. The level of gas reserves in Europe is decreasing at the fastest rate since the natural gas crisis began in 2021," Bloomberg noted. However, the European Commission has announced that "thanks to thorough preparation and coordination, there will be no disruption in natural gas supply to Central and Eastern Europe." "The gas supply will be redirected and provided from Germany, Italy, and storage facilities," the commission's website stated.

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Diplomacy

ARHANGAI: Cooperation agreements with over 100 organizations from China and other countries

Published: 2025-01-03 | Translated from: montsame.mn

The Arhangai Province's "Land of Ancient Nomads" Tourism Association has participated in Asia's largest tourism exhibition, the China International Travel Mart (CITM) held in Shanghai, China. The exhibition, which took place from November 22 to 25, 2024, aimed to introduce Arhangai Province to the Chinese tourism market and attract tourists to Mongolia. Representatives of tourist sites such as Maikhan Tolgoi tourist camp (Arhangai, Tariat district), Ikh Ulaan Shiver hot springs (Arhangai, Battsengel district), Ugii Lake Resort (Arhangai, Ugii Lake district), Tungalag Tamir Lodge (Arhangai, Ikh Tamir district), and Jaran Tsagaan hot springs resort (Arhangai, Khotont district) participated in the event. The exhibition occupied a 53,000 square meter space, with participation from cultural and tourism organizations, hotels, agencies, airlines, cultural and art organizations, and digital and cultural tourism businesses from 31 provinces in China, along with directly-governed cities, Hong Kong, Macau, and Taiwan, involving over 2,500 enterprises and organizations from more than 100 countries. Mongolia had a 54m2 exhibition area which included 12 tour operators, among which Arhangai Province promoted its tourism through 2 companies within their designated space. The Arhangai Province Tourism Association actively promoted programs such as the "Nomad Camp" under the VISIT ARA program and the "Winterland Ice Festival" aimed at developing winter tourism, by integrating these programs into travel itineraries. The associations representing Arhangai Province in the exhibition collaborated to develop four winter and summer travel itineraries, preparing presentations in English and Chinese to reach audiences. During the exhibition, relationships were established with over 100 organizations from China and other countries, intending to develop future collaborations. This exhibition was deemed significant for tourism organizations operating in Arhangai Province, providing valuable experience and insights from the international exhibition. Additionally, the 10 tour operators from Mongolia who participated all highlighted Arhangai Province in their travel programs to support winter and summer tourism. Observations on how the international tourism market functions, how companies participate, and how products and services are promoted internationally, offered Arhangai Province representatives increased experience for successful participation in future international exhibitions. Consequently, Arhangai can now promote itself more widely in the Chinese market and attract more international tourists, positively influencing the development of the tourism sector in Arhangai Province and contributing to the local economy's growth.

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Infrastructure

Connecting Gashuunsukhait-Ganqmod Port by Railway Enables Export of Over 30 Million Tons of Coal

Published: 2025-01-03 | Translated from: montsame.mn

At the meeting of the Economic Standing Committee of the State Great Khural, the final discussion on the draft resolution of the State Great Khural "On Approving the Main Directions to be Followed in Establishing an Agreement on the Implementation of the Cross-Border Railway Project at the Gashuunsukhait-Ganqmod Port between the Government of Mongolia and the Government of the People's Republic of China" was conducted. Minister of Industry and Mineral Resources Ts. Tuvaan stated, "By completing the border connection at the Gashuunsukhait-Ganqmod port, the opportunity to export not less than 30 million tons of coal and further increase it will arise. Afterwards, by completing the railway border connections at the Hangi-Mandal, Shiveekhuren-Sekhee, and Bichigt-Zuunkhataavch ports, it will become possible to export not less than 10 million tons of coal through each port. After the approval of this draft resolution, work will proceed to approve the draft agreement between the two governments," adding that as it is a bilateral agreement, it is not possible to give a specific timeframe. He noted that the key condition for implementing the 14 mega projects by the Government will be the railway border connection at the Gashuunsukhait-Ganqmod port. Minister B. Delgersaikhan informed about the 60 meetings held to agree on the issues included in this project and shared his opinion on the circumstances arising from some of the proposal formulations. Thus, after members asked questions and received answers, a vote was carried out on each formulation of principal difference proposals. The presentation on preparing the project for the final discussion will be presented at the united meeting, according to the press office of the State Great Khural.

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"Inter RAO Export" to Develop Design for CHP III Expansion and Modernization

Published: 2025-01-03 | Translated from: montsame.mn

The "Inter RAO Export" company will develop the design for the expansion and modernization of the Combined Heat and Power Plant III (CHP III). At the session of the Parliament on the 26th of last month, a draft law was discussed to approve the agreement between the Government of Mongolia and the Government of the Russian Federation to develop a design project for the expansion and modernization of Ulaanbaatar's CHP III. The presentation of the law by its initiator was made by Minister of Energy B. Choijilsuren. He stated, "The CHP III, which has a medium-pressure section with a capacity of 48 MW commissioned during 1968-1975 and a high-pressure section with a capacity of 100 MW commissioned during 1976-1981, was expanded in 2014 by an additional 50 MW turbine-generator, bringing its installed capacity to 198 MW for electricity and 585 Gcal/h for heat. The plant has been operating for 56 years and is optimally located within Ulaanbaatar's heating network. It supplies 32% of the city's heat consumption and 16% of the central electricity grid's energy. In winter, the power plants operate without standby equipment, leading to risks of technical failures due to the aging of the plant and potential limits on consumer heat supply. To mitigate these risks, the plant needs to be expanded and modernized soon." The government has included the expansion of this plant in two phases in its operational program. The first phase involves building a new unit with an electrical capacity of 50 MW and a thermal capacity of 100 Gcal/h. The second phase entails dismantling the 48 MW unit that has reached its operational life and constructing a new plant with a capacity of 250 MW for electricity and 400 Gcal/h for heat. During the 2021 visit of the President of Mongolia to Russia, a memorandum of cooperation was signed between "CHP III" and "Inter RAO Export", and work began on developing a feasibility study for the project. "Inter RAO Export" has financially supported the development of the feasibility study, which "CHP III" received in September 2022. To accurately determine the full project budget and construction timeline, the Ministry of Energy initially developed a draft agreement between the Government of Mongolia and the Government of the Russian Federation to develop the expansion and modernization project design of CHP III. The Government of Mongolia consulted this draft agreement with the Parliament's Standing Committees on Security and Foreign Policy, Economics, and Budget in August of this year. Based on the minutes from the Security and Foreign Policy Standing Committee and Decree No. 48 of the Prime Minister of Mongolia, the Minister of Energy was authorized to sign the agreement on September 3, 2024, during the official visit of Russian President V.V. Putin to Mongolia. The agreement outlines the scope and general conditions for conducting engineering research and development of the project design, appointing "CHP III" as the client and "Inter RAO Export" as the contractor. In connection with the presentation by Minister of Energy B. Choijilsuren and the conclusion of the Security and Foreign Policy Standing Committee, members of Parliament asked questions and made comments. Following this, a vote was held on the proposal to approve the agreement between the Government of Mongolia and the Russian Federation regarding the development of the project design for the expansion and modernization of Ulaanbaatar's CHP III. With the majority of members in favor, the law to approve the agreement was deemed ratified, as reported by the Parliamentary Press Service.

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New Plants with a Total Capacity of 200 MW Will Fully Meet Ulaanbaatar's Power Deficit

Published: 2025-01-03 | Translated from: itoim.mn

More than 60% of Mongolia's energy consumption is accounted for by the city of Ulaanbaatar. The city's energy consumption has been growing year by year, leading to energy shortages, and by the winter of 2023, Ulaanbaatar had begun experiencing electricity outages intermittently. To address this issue, the city of Ulaanbaatar floated bonds worth 500 billion tugriks on the domestic market and invested 300 billion of these in the Bööröljüüt power plant project to accelerate its development. The first block of the plant, a power station with a capacity of 150 MW, was commissioned in October 2024, and by the end of December, it began delivering electric power to the central region's unified system step-by-step. As of the 6th of this month, the Bööröljüüt plant will consistently supply 150 MW of energy at full capacity. With the commissioning of the first block of the Bööröljüüt power plant, and the commissioning of the Baganuur battery storage station with a capacity of 50 MW in 2024, electricity shortages resulting in power cuts will no longer occur in Ulaanbaatar. The new plants built in 2024 will add 200 MW of new capacity to Mongolia's, and particularly Ulaanbaatar's, power system. They also feature modern advanced technology and energy-saving green sources introduced into Mongolia's energy system. The Bööröljüüt power plant operates with low-temperature combustion, resulting in emissions that are three times lower than Mongolia's standard. Since it is cooled by the wind, its water consumption is relatively low, and dust emissions from the plant are minimal. Built based on the Bööröljüüt brown coal deposit, the plant is economically efficient in coal procurement and was constructed with extensive calculations and research. The Baganuur battery storage station charges itself when energy consumption is low at night and provides power during high consumption evening hours. This means the station does not emit carbon dioxide, and it is a clean green technology utilizing renewable energy sources.

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Mayor declares this year as the 'Year of Construction'

Published: 2025-01-03 | Translated from: ikon.mn

With the aim of implementing the 2024-2028 operational program of the Mayor of the capital city and Governor of Ulaanbaatar, as well as the main directions of the city's 2025 development plan, this year has been declared as the “Year of Construction.” Within this framework, a Working Group has been established, tasked with organizing activities promptly and providing unified management. They are to develop a comprehensive action plan by January 15th. The mayor has included in his mandate that in Ulaanbaatar city, innovative solutions, including innovation and technology, should be incorporated, and the city should be enhanced with improvements that meet standards and increase green spaces, contributing to social development and improving the living environment of citizens. Source: Public Relations and Communication Department of the Mayor's Office Note: Media organizations (television, radio, social, and web pages) are reminded that when using our information in any form, whether in full or in part, it is required to cite (ikon.mn) as the source.

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Booroljuut: The High-Capacity Power Plant Built in Mongolia After 40 Years

Published: 2025-01-03 | Translated from: news.mn

The demand for electricity in Ulaanbaatar has been increasing every year, and during the winter of 2023-2024, the city experienced a shortfall of 200 MW of power. To cope, partial electricity restrictions were implemented, and energy conservation measures were adopted during the winter months. In response to this situation, plans were made to bring into operation the Booroljuut 150 MW power station and the Baganuur 50 MW battery storage station by 2024. Construction followed the schedule, and by December 2024, these facilities would contribute to the central regional grid. The completion of these two major power stations in a short time frame filled the 200 MW energy gap in Ulaanbaatar and marked a significant development in Mongolia's energy sector. Booroljuut is the first high-capacity plant built since the last one, the CHP-4 heat power station, was inaugurated in 1984—40 years ago. Initial planning for this station started in 2011, but the project faced numerous hurdles and delays. Ultimately, Ulaanbaatar sold bonds worth 500 billion Tugriks on the domestic market for the first time, investing 300 billion Tugriks from this bond issue into the Booroljuut power station, facilitating the steady progress of its construction. The initial 150 MW phase of the Booroljuut power station involved the construction of 60 technological units. Before construction began, the coal deposit was identified and verified, mining work initiated, and the necessary permits for the power plant obtained. Contracts were signed, and financing was raised over a period exceeding 10 years. After overcoming various phases and challenges, the dedication and efforts of international and Mongolian engineers and technical workers culminated in the completion of a significant development—providing Mongolia with a 150 MW power source in 2024 after 40 years.

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O.Batchuluun Appointed as Director of Mongolian Railway Authority

Published: 2025-01-03 | Translated from: news.mn

The executive director of "Mongolian Railway" state-owned company, B. Otgonsukh, has been dismissed and O. Batchuluun has been appointed in his place. This decision was made by the company's Board of Directors. O. Batchuluun is an economist and lawyer by profession and has previously worked as a specialist, senior specialist, and director of a department at the Ministry of Justice and Internal Affairs. Additionally, he has served as the Executive Director of "Mongolian Telecom" LLC and as an advisor to the Executive Director of "Erdenes Mongol" LLC. B. Otgonsukh previously served as the Deputy Mayor of the Capital City and was in charge of transportation projects. He has held the position of Chief of Customs at the Ulaanbaatar Customs Office and at the Zamiin-Uud Customs Office. "Mongolian Railway" state-owned company engages in building, owning, and operating railway infrastructure, conducting railway transportation activities, owning, using, producing, assembling, leasing, and maintaining railway base structures and moving stock.

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O. Batchuluun Appointed as CEO of "Mongolian Railways" JSC

Published: 2025-01-03 | Translated from: gogo.mn

The Board of Directors of "Mongolian Railways" JSC held a meeting and decided to relieve CEO B. Otgonsukh of his duties as he has opted to transition to another position. Consequently, O. Batchuluun has been appointed as the new CEO. O. Batchuluun is a professional economist and lawyer. He graduated from the School of Economics at the National University of Mongolia as an economist. He has served as a specialist, senior specialist, and department and division head at the Ministry of Justice of Mongolia. Additionally, he has been appointed as the Executive Director of "Mongolian Telecom" JSC and as an advisor to the Executive Director of "Erdenes Mongol" LLC. The Chairman and members of the Board of Directors conveyed their best wishes to him for the successful implementation of the company's target level works in accordance with the relevant laws of Mongolia, the Government's operational program, and the company's strategic plans.

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The Central Command Center for City Surveillance Cameras to Open This Month

Published: 2025-01-03 | Translated from: montsame.mn

The Ulaanbaatar City Administration's office has established surveillance sub-centers adjacent to the governors of nine districts. Last year, over 2,600 new cameras were installed at 176 intersections, crossings, and roads in Ulaanbaatar city. As of today, sub-centers in Nalaikh, Bayangol, Bagakhangai, Songinokhairkhan, and Baganuur districts are operational. Additionally, the Central Command Center for City Surveillance Cameras will be opened this month. This will allow for the monitoring of not only major streets, roads, and intersections of the city but also the streets and roads of ger districts, residential neighborhoods, and public and private organizations through an intelligent unified management system. This aims to prevent crimes and violations and improve the utilization of cameras among other benefits. Ch. Khuvzaya, director of the "Traffic Management Center," stated, "The surveillance sub-centers of the nine districts can connect to the city's central command center via a 40-gigabyte network. In Songinokhairkhan district alone, there are around 8,000 cameras in operation. These cameras are ready to be connected to the district's sub-center."

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ZAVKHAN: Reliable Power Supply Starting This Month

Published: 2025-01-03 | Translated from: montsame.mn

This month, Zavkhan, Gobi-Altai, and Khuvsgul provinces will receive a reliable power supply source. Last year, the connection of the Tosontsengel 110kV power transmission overhead line to the "Telmen" 110/35/10kV substation was entirely completed. The Bulnai 110kV line was energized, and the final testing and tuning work was completed in the last days of the previous year. As a result, from January 2025, electricity distribution will begin, and Zavkhan, Gobi-Altai, and Khuvsgul provinces will be provided with a reliable energy source. The Tosontsengel thermal power plant project was started in 2022 with funding by Gem Group and Toson Energy LLC. Once the project is fully completed, a new energy source will be built using the large coal deposits at Mogoin Gol and Ovoot, providing electricity to the region and locality. The aim of the project is to supply the center of Tosontsengel soum with thermal energy, connect to the Altai-Uliastai energy system, and improve the network operation mode. The goal of ensuring a reliable power supply is becoming a reality, as reported by Toson Energy LLC.

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N. Bayanmönkh: Studies have been conducted on establishing logistics centers in the western and eastern parts of the city with food warehouses

Published: 2025-01-03 | Translated from: ikon.mn

Although there is a study that Ulaanbaatar city fully supplies its vegetables domestically, a significant portion of essential food products are imported. These include delicate vegetables and marine-based products. Specialists from the City's Policy Research and Analysis Center (NBSHT) stated that the consumption of these products is low compared to recommendations by the WHO. Therefore, in May of this year, a decision was made to establish special economic zones in two locations in Ulaanbaatar. Specifically, it was decided to establish a food and greenhouse agriculture zone in the 21st khoroo of Songinohairkhan district, and a light industry zone in Nalaikh. Regarding this, N. Bayanmönkh, Senior Analyst of Data and Information at NBSHT, said, "One of the solutions for the food supply of Ulaanbaatar city is to create a city transportation network. We have outlined studies for establishing large logistics centers in the western and eastern parts of the city and setting up nine food warehouses each with a capacity of 10 tons in residential areas. This supports the policy of assisting agriculture and farming in the attraction zones of the capital city," he said. Warning: Please note that when media organizations (Television, Radio, Social, and Web pages) use our information in any form, fully or partially, they must always cite the source (ikon.mn).

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The Capital City Declares 2025 as 'Year of Construction'

Published: 2025-01-03 | Translated from: isee.mn

The Government of Mongolia announced during its meeting that 2025 will be the 'Year to Support the Construction of the Capital.' As part of this, the mayor H. Nyambaatar issued an order, declaring 2025 the 'Year of Construction' to implement the main directions of the Ulaanbaatar City Mayor's 2024-2028 action program and the capital's 2025 development plan. An operating team tasked with rapidly organizing activities to be implemented within the framework of the 'Year of Construction' and providing unified management will be established. The first deputy mayor of the capital, T. Davaadalai, has been instructed to develop a unified plan of activities and have it approved to ensure implementation. Additionally, district governors and leaders of the capital's local administrative organizations have been tasked with integrating measures implemented within the target year into their performance plans, supporting infrastructure and construction projects and programs, incorporating innovative solutions, technology, and meeting standards, increasing green space, and organizing activities to improve social development and the living environment of citizens.

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A 720-seat school building is ready for use

Published: 2025-01-03 | Translated from: unuudur.mn

The construction of a new school building with 720 seats is ready for use in the 12th neighborhood of Sukhbaatar district. The school consists of four blocks and is equipped with a comprehensive system to provide heating from a gas cylinder boiler. The construction was completed by the "Dartsagt Noyod Group" LLC with state budget funding, and the technical inspection of the work was implemented by the Capital Investment Authority.

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Ulaanbaatar City Development Index Rated at 0.472 or F

Published: 2025-01-03 | Translated from: ikon.mn

The development index for Ulaanbaatar city has been updated to reveal a score of 0.472 for the year 2024. Among the indicators, the quality of the living environment is rated at 0.507, competitiveness at 0.343, sustainability at 0.481, and accessibility at 0.497. The rating scale for the index is as follows: A 0.901-1.000, B 0.801-0.900, C 0.701-0.800, D 0.601-0.700, F 0.000-0.600. The main methodologies and methods for evaluating the city development index were expanded through collaboration with the research institutes affiliated with the Mongolian Academy of Sciences and universities. A. Amarbal, Director of the Social and Economic Research Department of the Capital Policy Research and Analysis Center, explained that efforts were previously made to measure Ulaanbaatar's development in various ways, drawing from international experiences. For any country's development measurement to be understandable to the general public, statistical techniques such as indexing are crucial. The city development index was created within this framework, initially attempting to align it with development plans like "Vision 2050." "Vision 2050" includes provisions for satellite cities. T. Jargalsaikhan, a senior policy analyst at the Capital Policy Research and Analysis Center, noted that for 2024, the city development index stands at 0.472. This index comprises four groups, six types, and 83 indicators. As the index nears 1.000, it is considered better. The city development index is segmented and calculated into four groups: sustainability, quality of the living environment, accessibility, and competitiveness, and six types: education, health, society, governance, infrastructure, and economy. Mongolia's long-term policy document aims to achieve a city development index of 0.9. The citizens of the capital city have the right to live in a competitive, sustainable, accessible city with a quality living environment. Note: Media organizations (Television, Radio, Social and Web pages) must mention the source (ikon.mn) when using our information in any form, wholly or partially.

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Power Outage Due to Line Fault in Songinokhairkhan District

Published: 2025-01-03 | Translated from: gogo.mn

A fault occurred in the power line of the Songinokhairkhan District (SCD), causing a power outage. There was no deficit of capacity reported. The Capital City Council (NCDC) reported that due to the connection of the Boroogokh Power Plant to the central regional power grid, there have been no electricity limitations due to capacity shortages since December 25 of last year. A fault occurred in the 6 kV "DSC 2" LLC overhead line, causing a power outage. Subsequently, 655 consumers, including 518 households and 137 businesses in the western part of the "DSC 2" LLC area of the Songinokhairkhan District's 20th subdistrict, experienced a temporary power outage from 14:20 to 15:34. UBEDC LLC took prompt action to restore normal power supply. It was reported that there were no major outages covering districts such as Bayangol's 20th and Songinokhairkhan's 5th, 6th, 17th, 18th, 19th, 24th, and 32nd subdistricts, despite some media claims. Additionally, it was noted that the Boroogokh Power Plant began supplying electricity to the central regional power grid, and since December 25 last year, no limitations have occurred due to capacity shortages, according to DUT JSC.

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Society

Police: Investigating Fire at Oil Refinery

Published: 2025-01-03 | Translated from: news.mn

A fire was reported today at an oil refinery facility in the Altanshiree district of Dornogovi province. When contacted, the General Police Department clarified, "A report of a fire at the fuel storage facility was logged at 00:30. The fire resulted in damage to a company's office, a storage facility holding goods and materials, and a vehicle. Fortunately, there were no injuries. The incident is currently under investigation." The Mongol Oil Refinery SOE, where the incident took place, explained in their statement that "At around 23:00, a fire broke out outside a portable office storage located 500 meters away from the oil refinery's grounds at the camp of an Indian company. The Emergency Department's Firefighting and Rescue Team in Dornogovi province responded swiftly to the scene and fully extinguished the fire. The affected area is situated far from the oil refinery site, and none of the refinery's buildings or structures were touched by the fire. Thankfully, there was no loss of life or injuries caused by the fire, and experts are currently working to determine the cause of the blaze. The refinery's construction activities have shifted to winter mode and are temporarily paused, while preparations for the next building season are proceeding as scheduled."

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The Admission Fee for Specially Protected Areas Has Been Updated

Published: 2025-01-03 | Translated from: ikon.mn

The Bogd Khan Uul Strictly Protected Area Administration announced that the admission fees for entering specially protected areas have been updated. Previously, fees were only collected under a single category called "citizen," but the new regulations have established separate fee amounts for domestic and foreign citizens. Specifically, domestic citizens will have to pay 5,000 MNT to enter the protected area, while foreign citizens will have to pay 20,000 MNT. Additionally, the prior system, which set fees based on the load capacity of trucks, has been abolished. Under the new regulation, trucks entering specially protected areas will be charged between 10,000 and 50,000 MNT. Warning: Media organizations (TV, Radio, Social Media, and Websites) must cite the source (ikon.mn) whenever using our information, either in full or in part.

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Today: Meeting on measures against discrimination

Published: 2025-01-03 | Translated from: montsame.mn

Overview of some events happening on Friday, January 3: - The working group established by the 2024 decree No. 89 of the Speaker of the Parliament will meet with members of the research team to provide support, conduct research, and formulate conclusions on measures to be taken against discrimination, and if necessary, draft a bill. - High school students will continue online classes until January 3. - The joint Mongolian-Chinese Lunar New Year exhibition and trade fair will continue in Erenhot City until January 5. - Starting January 15, official vehicle registration orders will be accepted. Until January 14, citizens, businesses, and organizations have the opportunity to familiarize themselves with the system and verify their information. - The special exhibition "Marco Polo, Kublai Khan, and the Mongols" dedicated to the 700th anniversary of Marco Polo will be held in the exhibition hall on the 9th floor of the Chinggis Khan National Museum until January 15. The 2025 January performance program of the State Academic Theater of Opera and Ballet. Follow @montsame.mn

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Information on Personal Interest and Asset Declarations Now Using New Form

Published: 2025-01-03 | Translated from: gogo.mn

According to the Law on Anti-Corruption and the Law on Regulating Public and Private Interests in Public Service and Preventing Conflicts of Interest, officials subject to the law are required to update their Declaration of Private Interests and Assets, and Income Declaration (HACCOM) annually by February 15. Based on the State Great Hural's Standing Committee on Legal Affairs' 2024 Resolution No. 05 on "Approving Revised Rules, Forms, and Lists," the HACCOM form has been updated. The instructions for filling out this declaration were approved by the Director of the Independent Authority Against Corruption (IAAC) by Order No. A/96 of 2024, and are effective from January 1, 2025. IAAC opened the electronic system for submitting the updated 2024 HACCOM on January 2, 2025, at https://meduuleg.iaac.mn/, launching the nationwide registration of the declarations. Declarants are now required to submit, in their 2024 HACCOM, information about additional jobs they hold, along with assets such as equipment and virtual property owned by themselves and family members. They must also declare the net income earned by themselves and family members after tax and fees, as part of new regulations. Declarants must log into the IAAC's electronic system at https://meduuleg.iaac.mn/, update their 2024 HACCOM, and have it verified by February 15, 2025. They are obligated to hand over the verification page to the authorized officer responsible for registering and storing the declaration at the appropriate administrative level. Click HERE to see the instructions for completing the declaration form. Source: IAAC

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The State Will Provide Up to ₮500 Million in Support to Companies Providing Specialized Care Services

Published: 2025-01-03 | Translated from: gogo.mn

The revised version of the Law on Senior Citizens began to take effect on January 1, 2025. In connection with the law, during the government meeting on December 25, 2024, a regulation was approved to provide one-time support from the state to enterprises and organizations that provide new specialized care services and construct buildings. As the aging population increases, so does the number of elderly people who need to be placed in care facilities, creating a need for both private sector care homes that charge fees and those that do not. There are few organizations interested in conducting this type of activity, partly due to insufficient support from the government. Therefore, if a specialized care service is provided to 20 or more residents for more than 12 months, a one-time rental expense support of up to 100 million tugriks will be given. Additionally, to enterprises and organizations that newly construct a specialized care facility with the capacity to accommodate at least 50 residents, and if the construction work completion is over 50%, a one-time cost support of up to 500 million tugriks will be decided. In this way, enterprises and non-governmental organizations interested in providing specialized care services will not only be financially supported to establish private care homes but will also improve the quality and accessibility of care services provided to single elderly people without children to support them and who are unable to live independently.

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Entrance Fee to Protected Areas Updated

Published: 2025-01-03 | Translated from: gogo.mn

The entrance ticket prices for accessing special protected areas have been revised. According to the updated regulations, separate fees are established for domestic and foreign citizens. A domestic citizen will pay 5,000 MNT, while a foreign citizen will pay 20,000 MNT.

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BAYANKHONGOR: Official Documents Now Maintained in Dual Scripts

Published: 2025-01-03 | Translated from: montsame.mn

As of the first of this month, official state documents are now being maintained in dual scripts. The Government of Mongolia approved the "Mongolian Script National Program III," according to which, starting January 1, 2025, state and local self-governing organizations are required to maintain their documents in both Cyrillic and traditional Mongolian scripts. In line with this, Bayankhongor aimag has completed all necessary preparations in 2024. In particular, they have fulfilled the "Basic Requirements for Document Forms Written in Mongolian Script" and, in accordance with the MNS6395:2022 standard, accelerated the preparation, review, and issuance of official Mongolian script forms for state and state-owned organizations in the aimag. They have supplied 137,315 printed forms of 423 types in 48 designs to 180 state organizations. Additionally, to standardize the use of the traditional Mongolian script, the aimag's Governor's Office has collaborated with the Language Policy Council to conduct nine training and practice sessions for 579 employees from the aimag's and soum's Local Councils, Governor's Offices, and all levels of state institution archives and clerical departments on standards, software, and methodology for Mongolian script. They have begun using bilingual directives, orders, and official documents. A trial run for preparing and exchanging inter-organizational orders, directives, and documents in the national Mongolian script was started on June 1, 2024, across the aimag. Furthermore, in December, all clerical and archival workers underwent a proficiency test in the traditional Mongolian script as part of the preparations.

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Zhut: You Must Have No Debt to Register a City Number Plate

Published: 2025-01-03 | Translated from: news.mn

Authorities have announced that the online system carplate.ulaanbaatar.mn for applying for vehicle license plates will open on December 30th, and they will officially begin accepting applications for license plates from citizens on January 15th. Erdene Ninde, director of the vehicle registration department of the "Traffic Management Center" state-owned enterprise, stated, "This system has been developed due to the establishment of a maximum limit for issuing license plates in Ulaanbaatar and the approval of evaluation criteria. Starting from January 15, 2025, we will officially accept applications for license plates from citizens. Therefore, from December 30th to January 14th, citizens, business entities, and organizations have the opportunity to familiarize themselves with the system and verify their relevant information. The system is very simple and understandable. Citizens can use the state identification login system to access this system. By entering the chassis number of the vehicle for which you are applying for a license plate, your vehicle will be evaluated and ranked with a score of up to 100 based on certain criteria. Based on this ranking, the maximum number of license plates will be issued. Most importantly, citizens must fulfill the basic criterion of having no outstanding payments for the use of state or international quality roads and must be free of any debts when entering or leaving Ulaanbaatar city." Additionally, it is possible to view the statistics of all registered vehicles in Ulaanbaatar city for that particular day through the "Carplate" online system for sending license plate application requests.

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Military Registration to be Organized in the Capital from January 6-22

Published: 2025-01-03 | Translated from: isee.mn

In accordance with the Law on Military Service, the order of the Minister of Defense, and the decree of the capital city's mayor, the 2025 military registration will be organized in the capital from January 6 to 22. Citizens of Mongolia who are military servicemen aged 18-50, reserve officers up to the age of 65, and women with military training must register once a year. Individuals under the age of 18 who have not received a military serviceman’s certificate need to register in person at their respective locality or district office. If a serviceman has lost their certificate, they must personally contact the military office of their province or district. Additionally, citizens who have relocated need to register and confirm their residency at the military office of their current province or district. Registration can also be done online through the unified electronic service portal “E-Mongolia.” If registered via E-Mongolia, the response can be viewed in the “notifications” section. Citizens are reminded that if they or a family member are registering for military service, they need to go in person to their respective locality or district office with their national ID and military serviceman’s certificate.

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Environment

Urgent: Fire at Oil Refinery Under Construction in Dornogovi

Published: 2025-01-03 | Translated from: isee.mn

An urgent incident occurred where a fire broke out at the oil refinery under construction in Dornogovi, leading to the destruction of two offices, one warehouse, and two vehicles. The refinery is being built in Altanshiree soum, Dornogovi province, with a loan from the Republic of India. The opening ceremony for the main technological facilities and ancillary structures, as well as the crude oil pipeline installation, took place recently. However, a serious incident happened this morning at the refinery's fuel storage. Specifically, the office of a certain company, a warehouse storing goods and materials, a Hyundai Mighty-II model truck with five tons of fuel, and another vehicle with an unspecified make and registration number were burned. In total, two offices, one warehouse, and two vehicles have been destroyed. The incident is currently under investigation by the Dornogovi Province Police Department. We will provide further detailed information regarding the fire as it becomes available.

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SÜKHBAATAR: 40% of the Area is at High Risk of Zud

Published: 2025-01-03 | Translated from: montsame.mn

As of January 3, 2025, the entire area has snow covering between 1-7 cm. When evaluating the risk of zud last December, it was determined that 40% of the area faces high risk, 30% faces moderate risk, and over 10% faces low risk. Specifically, the southeastern part of Bayandelger soum, the southwestern part of Ongon soum, the western part of Dariganga soum, and the northeastern part of Naran soum are at high risk. The southern part of the area is at moderate risk. The zud assessment was prepared using data such as the drought conditions of the past summer, pasture conditions in the summer and spring, pasture load, pasture yield, livestock numbers, air temperature, average precipitation deviations, snow coverage and depth, and the December air temperature and precipitation forecast, according to the provincial Meteorology and Environment Monitoring Center.

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Weather Forecast for the Next 10 Days

Published: 2025-01-03 | Translated from: gogo.mn

Introducing the weather forecast from January 3 to January 12, 2025. On January 9, snow will fall in the western half of the region, on the 10th in the central part, and on the 11th in the eastern half, accompanied by snowstorms, and cold will intensify in most parts of the region. Precipitation: On the 3rd in the mountainous regions of Altai and Khangai, on the 4th in Uvs Lake basin, Khangai, and Khuvsgul mountainous regions, on the 7th in Khentii mountainous region, on the 8th in Altai mountainous region and Khalkh River basin, on the 9th in most areas of the western provinces, on the 10th in most areas of the western and central provinces, some areas of the Gobi provinces, on the 11th in most areas of the central and eastern provinces, some areas of the Gobi provinces, and on the 12th in parts of the eastern region, snow will fall. Wind: During most of the period, in desert, steppe, and grassland areas, the wind speed will be 7-12 meters per second, reaching 16-18 meters per second in most areas of the western provinces on the 9th and in some areas on the 10th and 11th. Air temperature: In Darkhad basin, the source of Zavkhan River, Khurenbelchir area, and through the valleys of Ider and Tes rivers, the temperature at night will be 37-42 degrees, and during the day 25-30 degrees. In the mountainous regions of Mongol-Altai, Khangai, Khuvsgul, Khentii, and through the valleys of Eg, Uur, Haraa, Yeruu, Tuul, Terelj, Kherlen, Onon, Ulz rivers, the temperature at night will be 28-33 degrees, and during the day 18-23 degrees. In the southern part of the Gobi region, the temperature at night will be 12-17 degrees, and during the day 5-10 degrees. In other regions, the temperature at night will be 22-27 degrees, and during the day 12-17 degrees cold. On the 10th, the cold will intensify in most parts after the western half. Ulaanbaatar city's 10-day weather forecast: Precipitation: Slight snow on the 7th, snow on the 11th, with light snowstorms. No snow during other periods. Wind: Generally 5-10 meters per second, turning from southwest to north on the 7th and 11th, reaching 12-14 meters per second. Air temperature: At the beginning of the period, the cold slightly weakens with the temperature at night around Yarmag-Songino area at 24-29 degrees, in other parts 22-27 degrees, and during the day 11-16 degrees cold. From the 10th, the cold intensifies with the temperature at night around Yarmag-Songino area at 29-34 degrees, in other parts 26-31 degrees, and during the day 15-20 degrees cold.

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Innovation

Assessing Readiness for Artificial Intelligence and Developing a National Strategy

Published: 2025-01-03 | Translated from: gogo.mn

Mongolia is one of the few countries without a national strategy for artificial intelligence. Since 2017, over 60 countries have announced national strategies for artificial intelligence. Mongolia was ranked 98th in the "Artificial Intelligence Readiness Index" for 2024. Work has begun on developing a "National Strategy for Artificial Intelligence." Within the framework of this work, with the support of UNDP, feedback and comments on the current state of artificial intelligence are being collected openly using the "Framework and Foresight" methodology developed by the University of Houston. To submit feedback online, click HERE.

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State Bank Implements ISO/IEC 27001:2022 International Standard for Information Security

Published: 2025-01-03 | Translated from: ikon.mn

The State Bank, a supporter of green development, has implemented the international ISO/IEC 27001:2022 standard for information security management systems and has received its certification. Implementing the ISO/IEC 27001:2022 standard for information security is significant in many ways, such as ensuring the confidentiality of customer information, reducing risks, cultivating a culture of information security, ensuring the implementation of laws, and achieving long-term sustainable development. The implementation of the ISO/IEC 27001:2022 standard at the State Bank was uniquely dual-certified by both SIS Certification PVT Ltd., a registered authority in India, and ABS Certification LLC, accredited by the National Accreditation Center under the Deputy Prime Minister of Mongolia. The National Accreditation Center is expanding its accreditation scope with ISO/IEC 27001:2022 standards starting from December 2024, and the domestic standard certificate given to the State Bank is the first certificate from Mongolia to be recognized internationally. The certification ceremony was attended by the State Bank's CEO, Gantur O., and ABS Certification LLC's CEO, D. Altangerel, along with other officials. During the event, participants emphasized that the State Bank is not only the first organization in Mongolia's banking and financial sector to receive international acceptance of the ISO/IEC 27001 standard certification through a domestic company, but also highlighted the importance of implementing this standard for the bank’s system. The State Bank consistently implements relevant information security standards in a timely manner and continuously improves its policies and procedures, paying special attention to the security of its customers. Implementing the international ISO/IEC 27001:2022 standard this time is a major step in ensuring operational stability and increasing the trust of its customers and partner organizations. Confident Green Future Notice: Media organizations (Television, Radio, Social and Web pages) must mention the source (ikon.mn) when using our information in any form, either fully or partially.

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Introduction to Scholarships Available in 2025

Published: 2025-01-03 | Translated from: news.mn

The Ministry of Education introduces the scholarship programs available for application in 2025. RUSSIAN GOVERNMENT SCHOLARSHIP APPLICATIONS OPEN Registration is open for the Russian Government scholarship for the 2025-2026 academic year, for those wishing to study in Russia. Applications will be accepted until January 14, 2025. To apply for the scholarship, the following documents are required: - A valid passport (expiry date must be after March 1, 2027); - High school diploma with transcript (final year students must have their grades verified by the school principal). For detailed information related to the scholarship application process, click HERE. SELECTION FOR SHORT-TERM UNDERGRADUATE, MASTER'S, AND DOCTORAL PROGRAMS IN THE CZECH REPUBLIC Within the framework of the intergovernmental agreement between Mongolia and the Czech Republic on cooperation in the fields of education, science, and youth, short-term study scholarships are announced for 2-9 months at Czech universities. 1. Requirements: - Undergraduate: Citizens studying in the 1st or 2nd year at an accredited Mongolian university with a GPA of 3.0 or higher. - Master's: Holders of a bachelor's degree with a GPA of 3.0 or higher, at least 2 years of work experience, under the age of 35. - Doctoral: Holders of a master's degree with a GPA of 3.0 or higher, at least 2 years of work experience, under the age of 45. 2. The Czech government's scholarship includes: - Tuition fees; - Living expenses (accommodation and insurance are the responsibility of the student). 3. Registration: Registration will take place online from December 26, 2024, to January 31, 2025. SCHOLARSHIP ANNOUNCEMENT FOR FUKUOKA WOMEN'S COLLEGE IN JAPAN The main purpose of the scholarship is to support students who aspire to study in the fields of food technology and culinary arts in Japan, and who wish to work in these professions either in Japan or their home countries after graduation. Scholarship scope: Students will choose to study either food technology or culinary arts. Changing courses midway is not allowed. A. Food Technology (Duration: 2 years) - Faculty of Health and Nutritional Sciences. The course prepares food technologists to develop meal plans, improve food technology, and instill healthy eating habits. B. Culinary Arts (Duration: 2 years) - Faculty of Health and Nutritional Sciences. The course prepares professional chefs. Scholarship amount: The scholarship covers all educational expenses including entrance fees, tuition fees, textbook costs, and student housing. Requirements: - Abide by school rules during study; - Obtain required credits and graduate in the designated period; - Work for 5 years in a Kohookai Group hospital or organization designated by the school after graduation. Failure to meet these requirements may result in repayment of all or part of the scholarship funds. Additional support: - Interest-free living expenses loan: Maximum of 40,000 yen per month (80,000 yen in the first month in Japan). Maximum for 2 years: 1,000,000 yen. - Medical discounts at affiliated hospitals. - Part-time job opportunities introduced by school-affiliated organizations. - Airfare covered for one-way travel from Mongolia to Japan upon school entry. Students leaving the school within one year will be required to repay all costs. Registration is open until January 13, 2025. For more information, click HERE. SUMMER LANGUAGE COURSE SCHOLARSHIP IN THE CZECH REPUBLIC ANNOUNCED The Czech Ministry of Education, Youth, and Sports has announced a Slavonic Studies summer language scholarship program for students, graduates, teachers, and staff interested in Czech language and culture. The summer course is held annually in July, August, and September, lasting 3-4 weeks depending on the content. The scholarship includes: - Course fees; - Accommodation (including breakfast, lunch, and dinner); - Free admission to cultural events and excursions organized during the course; - Some public transportation costs. The scholarship does not cover: - International travel costs; - Visa-related expenses; - Insurance expenses. Requirements: - Being a student, graduate, teacher, or staff with interest in Czech language and culture; - Being a Mongolian citizen aged 18 or older; - Having A1 level knowledge of Czech or B2 level knowledge of English. Registration is open until January 31, 2025, via online application. For more information, click HERE.

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Health

80% of Infectious Diseases Spread Through Contact, Hand Hygiene Advised

Published: 2025-01-03 | Translated from: ikon.mn

The National Center for Public Health (NCPH) advises maintaining hand hygiene since 80% of infectious diseases are transmitted through contact. They remind everyone to wash their hands with soap and water for 20 seconds. During the outbreak of flu and flu-like illnesses, it is recommended to wear masks, wash hands upon entering the home, and gargle. Notice to Media Media organizations (Television, Radio, Social and Web pages) must cite the source (ikon.mn) if using any form of our information, either fully or partially.

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How to Pay Health Insurance Contributions via Ebarimt.mn

Published: 2025-01-03 | Translated from: gogo.mn

Here is an instruction on how to pay your health insurance contributions on the Ebarimt.mn website. First, go to the Ebarimt.mn website from your mobile phone or computer. In the section where you enter the registration number (RD), input the RD of the citizen whose contributions need to be paid and click the CHECK button. The months for which contributions have been paid will appear in GREEN, and the unpaid months will appear in RED. Next, mark the unpaid months, select the TYPE OF INSURER and your REGION, and then click the PAY button. A QR code will automatically be generated. Use your bank's application to scan this QR code and make the payment, which will be confirmed in 10-15 minutes.

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Ch.Tselmuun: Improper use of medication can increase risks rather than treat

Published: 2025-01-03 | Translated from: ikon.mn

Regarding hypertension, Dr. Ch. Tselmuun provided the following advice and information. Specifically, she cautioned that hypertension is prevalent among people aged 30-39. She mentioned the Global Burden of Disease study, which shows that cardiovascular disease in the Mongolian population ranks above the world average and is considered high-risk. It is crucial to take the medication prescribed by the doctor as instructed, following its proper use guidelines. According to a recent study conducted in Mongolia, hypertension was detected in 60% of those who underwent early screenings. Of this 60%, only 15% are under medical supervision. The remaining percentage lack medical oversight and take out their medication only occasionally when their blood pressure spikes. Such situations increase the risk of stroke and heart attack. There's a tendency to think that hypertension is an issue for those aged 40, 50, or 60. In reality, it is also common among people aged 30-39. Undoubtedly, medication is beneficial in treating certain diseases. However, if the medication is not taken correctly as instructed, it can increase personal risk instead of treating the condition. Dr. Ch. Tselmuun advised everyone to learn to take medication properly under medical supervision. She highlighted the importance of this practice. Notice to media organizations (Television, Radio, Social and Web pages): any use of this information, in whole or in part, must cite ikon.mn as the source.

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Sports

Official Visit from East Asian Basketball League Leaders to Mongolia

Published: 2025-01-03 | Translated from: montsame.mn

Ulaanbaatar. The champion team of the Mongolian National Basketball League will participate in the East Asian League starting from the 2025-2026 season. Recently, the executive director of the league, Henry Kerins, operations manager Steve Han, and marketing manager Alex Oh visited Mongolia to become acquainted with the activities of the National Premier League and held an official meeting. During the meeting, they exchanged detailed information about the league's organization, player registration, game schedules, marketing, and media plans. Henry Kerins stated, "We are very pleased that a Mongolian team will compete in the East Asian League. We are confident that our cooperation will deepen further." The East Asian League is recognized by the International Basketball Federation (FIBA), and each team plays six games per season, hosting three of them at their home court. The commissioners of the East Asian League highlighted that "Yu Gi Arena" meets the standards and is well-equipped to host games. This league, with a prize fund of $2.5 million, is broadcast live in 18 countries worldwide, reaching an audience of eight million people. Follow @montsame.mn

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Mongolian Athletes Win Gold and Silver Medals in -50°C Half Marathon

Published: 2025-01-03 | Translated from: gogo.mn

In the "Genhe-2024" winter half marathon running competition, held at the coldest point in China, a total of 1,500 runners from Mongolia, China, and Russia participated. Mongolian athletes have won gold and silver medals in this competition. Specifically, in the women's 21 km category, Mongolian athlete G. Uugantuyaa won the gold medal, while in the men's 21 km category, L. Amardelger won the silver medal. Running in the extreme cold of -50°C over 21 km of snowy, icy, hilly, and downhill paths is a testament to the runners' endurance, perseverance, and courage. L. Amardelger, the silver medalist, is a young runner, while G. Uugantuyaa holds the title of International Master of Sport in ultramarathon running and is the national champion of Mongolia in 24-hour running, holding the national record.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Sports

Politics

The commissioning of the power plants by Golomt's D. Bayasgalan and Garid Ts. Tserenpuntsag is not the "achievement" of the joint government

Refusal to discuss the complaint in the "Coal" case involving T.Ayursaikhan and others

Economy

The Importance of Foreign Investment

Exchange rate of US dollar varies by about 10 tugriks among commercial banks

Tesla Sales Decline for the First Time in 9 Years

How has the Vehicle Excise Tax Changed?

The State Owns 122 Companies, but Only Five Operated Profitably

This year, 1.2 trillion Tugriks in mortgage loans will be provided

Decline in Duty-Free Sales Concerns Retailers

Your Comprehensive Financial Accounting Solution BAAZ 3.0

Slovakia to Halt Energy Exports to Ukraine After Natural Gas Flow Stops

UVURKHANGAI: 275 Enterprises Received 28.5 Billion Tugriks in Concessional Loans Last Year

European Gas Prices Rise

Diplomacy

ARHANGAI: Cooperation agreements with over 100 organizations from China and other countries

Infrastructure

Connecting Gashuunsukhait-Ganqmod Port by Railway Enables Export of Over 30 Million Tons of Coal

"Inter RAO Export" to Develop Design for CHP III Expansion and Modernization

New Plants with a Total Capacity of 200 MW Will Fully Meet Ulaanbaatar's Power Deficit

Mayor declares this year as the 'Year of Construction'

Booroljuut: The High-Capacity Power Plant Built in Mongolia After 40 Years

O.Batchuluun Appointed as Director of Mongolian Railway Authority

O. Batchuluun Appointed as CEO of "Mongolian Railways" JSC

The Central Command Center for City Surveillance Cameras to Open This Month

ZAVKHAN: Reliable Power Supply Starting This Month

N. Bayanmönkh: Studies have been conducted on establishing logistics centers in the western and eastern parts of the city with food warehouses

The Capital City Declares 2025 as 'Year of Construction'

A 720-seat school building is ready for use

Ulaanbaatar City Development Index Rated at 0.472 or F

Power Outage Due to Line Fault in Songinokhairkhan District

Society

Police: Investigating Fire at Oil Refinery

The Admission Fee for Specially Protected Areas Has Been Updated

Today: Meeting on measures against discrimination

Information on Personal Interest and Asset Declarations Now Using New Form

The State Will Provide Up to ₮500 Million in Support to Companies Providing Specialized Care Services

Entrance Fee to Protected Areas Updated

BAYANKHONGOR: Official Documents Now Maintained in Dual Scripts

Zhut: You Must Have No Debt to Register a City Number Plate

Military Registration to be Organized in the Capital from January 6-22

Environment

Urgent: Fire at Oil Refinery Under Construction in Dornogovi

SÜKHBAATAR: 40% of the Area is at High Risk of Zud

Weather Forecast for the Next 10 Days

Innovation

Assessing Readiness for Artificial Intelligence and Developing a National Strategy

State Bank Implements ISO/IEC 27001:2022 International Standard for Information Security

Introduction to Scholarships Available in 2025

Health

80% of Infectious Diseases Spread Through Contact, Hand Hygiene Advised

How to Pay Health Insurance Contributions via Ebarimt.mn

Ch.Tselmuun: Improper use of medication can increase risks rather than treat

Sports

Official Visit from East Asian Basketball League Leaders to Mongolia

Mongolian Athletes Win Gold and Silver Medals in -50°C Half Marathon

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