Jan 17, 2025 55 min read Daily News Summaries

Mongolia News Summary for January 17, 2025

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

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Politics

International Hacker Group Attacks Taiwan, Myanmar, Vietnam, and Mongolia's Ministry of Defense

Published: 2025-01-16 | Translated from: isee.mn

Recently, international hacker groups have increasingly infiltrated confidential information and committed crimes in various ways. For example, the "Intermed Hospital Mongolia" was hacked by the Moscow-based "SpaceBears" group, resulting in the theft of all patients' personal information, phone numbers, and important medical data. No one should tamper with personal or sensitive information. However, it has been reported by international media that a similar incident occurred again. Specifically, countries like Mongolia, Taiwan, Myanmar, Vietnam, and Cambodia have been targeted in hacker attacks, believed to be under threat from the China-nexus RedDelta. According to Recorded Future's Insikt Group, this group used deceptive documents related to the 2024 Taiwanese presidential election candidate Terry Gou, Vietnam's national holiday, flood defenses in Mongolia, and the ASEAN meeting. This entity is suspected of attacking Mongolia's Ministry of Defense and the Communist Party of Vietnam. They have also targeted countries such as Malaysia, Japan, the United States, Ethiopia, Brazil, Australia, and India. The RedDelta company has been active since 2012 and is sponsored by China. The hacker group is known for continuously improving their network, and the Recorded Future-documented attack package initially exploited infections through Windows Shortcut (LNK), Windows Installer (MSI), and Microsoft Management Console (MSC) files. Some operations conducted were based on phishing emails containing links to HTML files hosted on Microsoft Azure. As a further indication of evolving tactics to get ahead of security defenses, it was observed that RedDelta used the Cloudflare content delivery network (CDN) to send command and control (C2) traffic to attacker-controlled C2 servers. This was done to blend with legitimate CDN traffic and complicate detection efforts.

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Exploring the Possibility for Mongolians Abroad to Vote via the "E-Mongolia" System

Published: 2025-01-16 | Translated from: unuudur.mn

A proposal to establish a task force responsible for studying and evaluating the feasibility of allowing Mongolians residing abroad to participate in elections electronically through the "E-Mongolia" system has been approved by the Innovation and Digital Policy Standing Committee of the State Great Khural (Parliament of Mongolia). Chairman of the General Election Commission, P.Delgernaran, presented how votes of citizens working and living abroad are currently being collected, as well as measures to be implemented in the future. He highlighted that in the 2024 elections, 75% of the 187,000 eligible voters living and working abroad participated. He noted that 17 countries, including Estonia, France, New Zealand, the USA, Switzerland, and Oman, collect votes electronically from their overseas citizens, sometimes combining it with in-person or postal voting. Director of the National Data Center, M.Battulga, emphasized the importance of finding a method to identify citizens voting electronically while abroad during the committee meeting. He stated, "Currently, 816 types of government services are accessible online to Mongolian citizens living abroad. However, we need to find a solution for identifying these overseas citizens. Therefore, we plan to develop a system that incorporates multiple identification solutions for Mongolians living abroad, in compliance with relevant laws."

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Preliminary Discussion on the Case Involving D. Ariunbold Accused of Buying an Expensive House in Canada with Bribe Money Held and Transferred to Court

Published: 2025-01-16 | Translated from: isee.mn

A preliminary discussion on the case involving the former Executive Director of “Erdenes Tavantolgoi” JSC, D. Ariunbold, was held and the case was transferred to court. Specifically, D. Ariunbold is accused of abusing his power and official position to create an advantageous situation for three companies: "Urat Middle Banner Tianyimengyu Logistic Co. Ltd", "Inner Mongolia Rong He Energy", and "Bo You An Shi Di" from China, by facilitating the establishment of coal sales and purchase agreements. It is alleged that he accepted a bribe of 360,000 USD in this matter. The Anti-Corruption Agency conducted an investigation, and the prosecutor issued an indictment, subsequently transferring the case to court. The primary criminal court of Govi-Altai province held preliminary discussions and moved the case to trial. As of now, a date for the guilt trial has not yet been set. D. Ariunbold is allegedly charged under Article 22.4 of the Criminal Code, which pertains to bribery, and the case has been transferred to the inter-district primary criminal court of Govi-Altai province.

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Demonstrators in the "Government Resign" Protest Announce Hunger Strike

Published: 2025-01-16 | Translated from: isee.mn

The "Government Resign" peaceful protest, which began last Saturday, is now in its sixth day. Organizers have stated that the protest will continue until January 22. Representatives of the protest, including five members from the Freedom Coalition Party, led by E. Odbayar, have declared that they are preparing to begin a hunger strike in the central square to demand the resignation of the government. Advice for participating in the demonstration: - Do not be provoked or incited by others. - Be cautious of slippery surfaces. - Avoid getting caught or crushed in crowds. - Do not use force under any circumstances. - Do not consume alcoholic beverages. - Stay away from railings, fences, and any sharp-edged objects, as warned by the Police Department.

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US Imposes Sanctions on 37 Chinese Companies Alleged to Use Forced Labor

Published: 2025-01-16 | Translated from: gogo.mn

President Joe Biden's administration has added 37 companies from China's mining, solar energy, and apparel sectors to a "blacklist," prohibiting them from exporting their products to the United States. This action is based on allegations of forced labor in the Xinjiang Uyghur Autonomous Region. Included in the new list are the major mining firm 'Zijin Mining Group,' a subsidiary of the solar energy company 'JA Solar Technology,' and a subsidiary of the apparel manufacturer 'Huafu Fashion.' Following this news, the stock price of 'Zijin Mining Group,' which is listed on the Hong Kong Stock Exchange, fell by 4.3 percent, while the stock prices of 'JA Solar Technology' and 'Huafu Fashion' increased. Valued at $67 billion, the state-owned 'Zijin Mining Group' of China is a strategic partner of 'Xanadu Mines,' which manages Mongolia's copper-gold "Kharmagtai" project. As a result of phased investments, 'Zijin Mining Group' now owns 50 percent of 'Xanadu Mines.' Both US and European companies are currently under pressure to withdraw their clothing and other production facilities from the Xinjiang region, where it is alleged that local residents are forced to work in labor camps under poor conditions. However, China denies these allegations.

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Israel and Hamas Reach Ceasefire Agreement in Gaza Strip

Published: 2025-01-16 | Translated from: gogo.mn

Israel and Hamas have reached a ceasefire agreement to end the 15-month long war, which will come into effect this Sunday. According to U.S. President Joe Biden, the agreement will be implemented in three phases. The first phase will last six weeks, during which time Israeli troops will be withdrawn from the Gaza Strip and hostages will be released. The second phase involves negotiations to "end the war permanently." The third phase will implement plans to rebuild the Gaza Strip and allow displaced Palestinians to return to their homes. The Hamas group attacked Israeli territory on October 7, 2023, resulting in the deaths of approximately 1,200 people and the taking of 251 hostages. In response, the Israeli army launched an offensive in the Gaza Strip, and according to the Palestinian Ministry of Health, around 46,000 Palestinian citizens have died to date. U.S. President Joe Biden stated that reaching this agreement was "not easy" and described it as one of the most difficult negotiations he has undertaken. Source: BBC

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TODAY: Parliament Session to Be Held

Published: 2025-01-16 | Translated from: montsame.mn

Ulaanbaatar, January 16, 2025 Overview of today's events: The President of Mongolia, U. Khurelsukh, is on a state visit to the Republic of Turkey from January 15-19 at the invitation of President Recep Tayyip Erdoğan. A general session of the Mongolian Parliament will be held. 11:30 AM: In opposition to uranium agreements, NGO "Strength of Unity for the Homeland" and "Mothers' Safety Association," along with representatives of citizens and organizations, will hold a briefing at the "Century News" newspaper's National Information Center. Contact numbers: 99790206, 80190070 2:30 PM: Members of the working group will answer journalists' questions at the Ministry of Education regarding issues related to Eriin School. - Military registration is ongoing in the capital from January 6-22. - Documents for discounts on tuition fees for citizens buying an apartment for the first time and students studying at domestic and foreign universities are being accepted at the General Department of Taxation from January 1. - The exhibition of notable new and creative works is being held at the "Blue Moon" gallery from January 7-20. In the countryside: - In Khutul town, Saikhan soum, Selenge aimag, the 7th Mongolian Taekwondo Festival is taking place under the slogan "Let us love and protect our Gobi bear" from January 13-17 across 7 categories. Abroad: - An exhibition on Mongolian language and script will be organized in Taipei, Seoul, South Korea, and Tokyo, Japan from January 15 to February 25.

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Economy

Investment Agreement with "Orano Mining" Company to be Signed Tomorrow

Published: 2025-01-16 | Translated from: gogo.mn

The management of "Mon Atom" company and scientists are holding a press briefing at 15:00 today on the current issues related to the Investment Agreement between the Government of Mongolia and the "Orano Mining" company from the French Republic. In the meeting of the government this week, the right to sign the Investment Agreement, which is to be made with "Orano Mining" company registered in the French Republic and the investor of "Badrakh Energy" LLC, a Mongolian-French joint venture, has been granted to: - Minister of Mongolia and chief of the Cabinet Secretariat N. Uchral - Minister of Finance B. Javkhlan - Minister of Industry and Minerals Ts. Tuvd - Minister of Environment and Climate Change S. Odontuya - Secretary of the Nuclear Energy Commission G. Manlaijav - Executive Director of "Erdenes Mongol" LLC S. Narantsogt.

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The Mongolian People to Benefit Over 50% from Investment Agreement with Orano Mining S.A.

Published: 2025-01-16 | Translated from: isee.mn

The Government has announced that the Mongolian people will receive more than 50% of the benefits from the investment agreement to be established with France's Orano Mining S.A. Leaders of the "Mon Atom" company and scientists held a briefing on the current issues related to the investment agreement to be concluded between the government and Orano Mining S.A. D. Dalaijargal, the Executive Director of "Mon-Atom" LLC, stated, "Last Friday, Parliament granted the permission to sign the investment agreement with France's Orano Mining S.A. For the past two months, this issue has been discussed in the Great Khural, and has been debated five times in our party groups and four times in Parliament. We have heard all the good and bad about the content and importance of the agreement over the last two years and two months. However, you should have a positive and correct understanding that outweighs the negative. Today, we are holding this press conference because we will sign the investment agreement tomorrow. In connection with this, we aim to provide true and factual information through the media. We have discussed enough about the benefits that the Mongolian people will receive according to the agreement. In short, according to the Constitution, the benefits derived from the investment agreement will be 50+, meaning more than 50% will go to the Mongolian people. Firstly, the yellowcake processed from Mongolia will be used for electricity and power in not only France, but throughout European countries for the next 50-60 years. Secondly, in January 2022, the European Union announced nuclear energy as green energy. In other words, the main method to combat global warming and greenhouse gas emissions facing humankind is to develop nuclear energy. This was announced by the European Union. Our export of yellowcake as a core fuel for nuclear energy is a major contribution to humankind. Both of these aspects are very important. By entering into this agreement, we gain the opportunity to demonstrate that we are an independent, sovereign nation not dependent on any single country. You all know well that this is the second major third neighbor investment following the Oyu Tolgoi deposit.

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D.Dalaijargal: By Signing the Investment Agreement for the Uranium Project, We Will Demonstrate Our Independence from Any Country

Published: 2025-01-16 | Translated from: ikon.mn

The executives of 'Mon Ato' company and scientists provided updates on the current issues related to the Investment Agreement to be signed between the Government of Mongolia and France's Orano Mining company. D. Dalaijargal, CEO of 'Mon Ato' company, said: The State Great Khural granted the Government the right to sign the Investment Agreement between the Government of Mongolia and the French Orano Mining company last Friday. You have heard enough about the significance of the agreement over the past two years. The signing ceremony of the investment agreement will take place tomorrow. The yellowcake uranium from Mongolia will generate electrical power in European countries for the next 50 years. In January 2022, the European Union declared nuclear energy as green energy. Developing nuclear energy is a method to combat climate change and greenhouse emissions. The yellowcake we produce, as nuclear fuel, will become a significant investment in the issues facing humanity. By signing this Uranium Investment Agreement, we have a great opportunity to demonstrate that we are an independent country, not dependent on any one country. It is the second largest investment agreement following Oyu Tolgoi. N. Tegshbayar, Doctor of Physics, stated: In places where uranium is extracted, no one brings uranium from outside to plant it. There has been uranium below the ground since before the formation of human beings or the world. The water around uranium is toxic and cannot be consumed. That area's water can only be utilized for uranium extraction. The false impression that we are injecting uranium into clean water might be deliberately or accidentally spread by dubious individuals. We responsibly declare that water in uranium areas is non-potable. As uranium is a radioactive mineral, the exploration, extraction, and transportation follow international rules and regulations. Within the framework of the investment agreement, an international team of atomic energy experts will examine whether the activities comply with the international agreements every 3-4 years. There is no recorded example globally of radiation poisoning related to in-situ leaching of uranium underground. As a professional, I assure you that such issues will not occur in Mongolia.

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VAT to be set at five percent with a two percent refund

Published: 2025-01-16 | Translated from: itoim.mn

The government is preparing to submit a comprehensive tax reform to the spring session of the Parliament, as announced by the Minister of Finance, B. Javkhlan. The core of this tax reform package will be VAT (Value Added Tax). Our country's tax system has developed the E-invoice system over the past 10 years, and based on these improvements, the government is conducting studies to reform VAT. Our country has been implementing the VAT law for about 10 years, making a significant impact on exposing the underground economy and is considered one of the most successfully implemented laws. Currently, 166 countries collect VAT globally, with the average rate in European countries being the highest at 19.9%, while in South American and African countries, it is about 14%. In our country, the rate is 8% (with a 2% refund), which is almost half of the world average (15.5%). Since the VAT law was enacted in 2016, its contribution to the state budget has grown significantly. The VAT collected was 558.3 billion tugriks in 2016, which increased sharply to 900 billion in 2018 and 3.7 trillion tugriks in 2021. With the proposed changes, VAT will be set at 5% with a 2% refund. The 2025 budget estimates VAT revenue at 8 trillion tugriks. By reducing the rate to 5%, budget revenue will decrease by 4 trillion tugriks. However, the sector's ministry believes that despite the rate reduction, the tax base can be expanded. For instance, the health sector and marketplaces do not currently pay VAT. Therefore, if hospitals offering services like cosmetic surgery and dental implants become VAT payers, the tax base can be broadened. Currently, there are 180,000 businesses in our country, of which 80,000 are registered as VAT payers. Additionally, out of 250,000 individual entrepreneurs, 50,000 pay VAT. It is expected that by reducing the VAT rate to 5%, the number of tax-paying citizens and businesses will increase. Also, a significant portion of our VAT refunds is received by high-income individuals. Specifically, 59% of VAT revenue is generated by 12% of the population with high consumption. By setting VAT at 5%, the plan is to provide 2.4 trillion tugriks in support to these 12% of the population, who are wealthier and have high consumption. Hence, the new tax reform package aims to back low-income individuals and businesses, as stated by the Minister of Finance B. Javkhlan.

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Protecting the Rights of Minority Shareholders and Addressing Coin Issues

Published: 2025-01-16 | Translated from: isee.mn

During today’s session of the Parliament, the appointment of the Chairman of the Financial Regulatory Commission was discussed. The Speaker of Parliament, D. Amarbaysgalan, nominated T. Jambajamts, the head of the administration office of the Financial Regulatory Commission. During this session, Member of Parliament Kh. Gankhuyag stated, "The Financial Regulatory Commission has now become an organization that regulates the entire financial market of Mongolia. Previously, it was only responsible for finance companies, insurance, and joint stock companies, but now even commercial banks fall under its jurisdiction. I support Chairman T. Jambajamts. We have worked together for the past four years on most of the securities market laws. I am instructing to focus on three things. Today, when discussing state-owned companies, the issue of making them open joint stock companies and listing their shares on the stock exchange comes up. The priority is to protect the rights of minority shareholders. If we want to gain the trust of investors, we must inevitably secure the rights of minority shareholders. Investors never acquire more than 51%; they typically invest up to 30%. The Financial Regulatory Commission has not made any significant regulations on this matter for over 20 years. Secondly, there is the issue of coins. During the COVID period, the coin issue gained momentum. At that time, I went to the Financial Regulatory Commission and said, 'make the coin issue regulated or prohibit it.' Regulations started being put in place after it had significantly worsened. These issues are not foreseen or regulated in advance. They consistently lag behind these problems. As a result, citizens are continuously harmed by these issues," he said.

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How Countries Implement VAT

Published: 2025-01-16 | Translated from: itoim.mn

Value Added Tax (VAT) is a tax imposed on the sale price of goods and services at all stages from initial production to final consumption. In Mongolia, the system of VAT was implemented starting January 8, 1998, when the VAT rate was set at 13%. Reforms were made to the VAT law in 2006, reducing the rate to 10% effective January 1, 2007. A rebate system was introduced in 2016. In recent years, several reforms and policies have been implemented in the VAT system. These include: - Electronic Payment Receipt System: Citizens can register their purchase receipts electronically to receive a 2% refund of the purchase amount. - VAT Withholding Threshold: Individuals and legal entities with sales revenue reaching 50 million MNT are required to register as VAT payers. Those with sales revenue reaching 10 million MNT can register voluntarily. - List of Goods and Services Exempt from VAT: The government approves and implements a list of specific goods and services exempt from VAT. These reforms and policies aim to increase tax revenue, improve the efficiency of the tax system, and expand the electronic payment receipt system. While VAT is an efficient form of revenue collection for the budget, the debate over prioritizing efficiency over fairness in the tax system continues. The adoption of VAT by countries is directly related to the unsuitability of their tax systems for the growing social and economic development and increasing production and consumption. Introduced in France, VAT is now implemented in 175 countries. Hungary has the highest VAT rate at 27%, while the global average is 15.5%. There are 16 countries with VAT rates less than Mongolia's 10%, and 118 countries with higher rates. Let's look at the VAT regulations and rates implemented by the following six countries: - Estonia: Estonia's VAT system is fully digitized, enabling all transactions to be registered electronically, allowing citizens and businesses to easily submit tax reports. The standard VAT rate is 20% on most goods and services. Those with annual income above 40,000 euros are required to register as VAT payers. The threshold is set to avoid additional tax burdens on small businesses. Benefits of Estonia's digital VAT system include simplifying business tax reporting, enhancing economic competitiveness, and supporting international trade. - Germany: Most goods and services are taxed at a 19% rate. Essential goods and services, like food, books, cultural services, and some medical products, have a reduced rate of 7%. Export goods, medical services, educational services, and specific international trade services are exempt from VAT. Tourists can claim a refund of VAT on goods and services purchased in Germany by completing special forms and using refund services. Small business owners with income below a certain threshold can also apply for VAT refunds. - Japan: Japan has a 10% VAT rate. Starting in 2023, the "Invoice System" was implemented across all sectors. VAT payers use special registration numbers to track receipts, increasing transparency in the tax system. Foreign tourists can receive an 8-10% refund on purchased goods, and there are special shops where purchases can be made without VAT. - Chile: An electronic invoice (e-invoice) system is widely used, with a VAT rate of 19%. All businesses conduct VAT deduction and refund processes electronically. A VAT receipt lottery is also conducted, providing an incentive to register purchases by entering into a prize draw. Foreign nationals can recover 15% of the VAT on their purchases. - Brazil: VAT rates in Brazil vary by state, typically ranging from 17% to 20%. A lottery system offers financial incentives to taxpayers. By registering purchase receipts, citizens can recover 20-30% of the VAT paid. The electronic government system integrates all purchases into a unified database for oversight. - Georgia: Georgia's VAT system incorporates international experience to improve the business environment. The standard VAT rate is 18%. Foreign tourists may be eligible for VAT refunds under specific conditions. The Georgian government subsidizes VAT for small businesses and allows businesses engaging in export activities to export goods with a 0% VAT rate. Ordinary citizens are not eligible for VAT refunds. Common Types of VAT Incentives: - Zero Rate: VAT is not charged on certain goods and services (such as exports, healthcare, and education). - Reduced Rate: A lower-than-standard VAT rate is imposed on essential goods and services (such as food, books). - Exemption: Certain sectors like agriculture and renewable energy may be exempt from VAT. - Refund System: Refunds of VAT are offered to tourists, businesses in free zones, or under specific investment compensations. - Sector-specific Incentives: Programs aimed at developing sectors such as manufacturing and green energy. Globally, direct VAT refunds to taxpayers are rare, but refunds to foreign travelers and business owners are common. VAT refunds support increasing production and services and create equitable income for taxpayers.

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BAYANKHONGOR: Parties Exchange Views on Project Implementation

Published: 2025-01-16 | Translated from: montsame.mn

A working group led by Evariste Kouassi-Komlan, the Resident Representative of UNICEF Mongolia, and L. Enkhnasan, a member of parliament and chairperson of the Social Policy, Education, Culture, and Science Standing Committee, visited Bayankhongor aimag. The Vice Governor of Bayankhongor aimag, B. Naranbayar, welcomed the delegation. UNICEF plans to collaborate with Bayankhongor aimag in 2025 on initiatives related to health, education, child protection, water sanitation, and climate change. The meeting included participation from UNICEF experts, the senior advisor to the Standing Committee of the Government, an attache from the Ministry of Foreign Affairs, and relevant local leaders and specialists. During the meeting, Vice Governor B. Naranbayar expressed satisfaction with the results of every project and program aimed at children, families, health, and social sectors in Bayankhongor aimag. He expressed confidence in expanding and strengthening their cooperation further. Evariste Kouassi-Komlan, UNICEF's Resident Representative, thanked Bayankhongor aimag for effective cooperation over the years and for successfully implementing projects and programs. He highlighted that Bayankhongor aimag laid the groundwork for UNICEF to extend its operations to 21 aimags across the country. Local initiatives for reforms in family support, pensions, and amendments to labor laws are being personally reviewed by L. Enkhnasan, a member of parliament and committee chairperson. He visited Bayankhongor sum's 14th kindergarten (ger kindergarten) to learn about its operations and expressed his support and intent to collaborate further.

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No Timeline for VAT Refund Transfers Yet

Published: 2025-01-16 | Translated from: news.mn

The timeline for transferring the VAT refund for the fourth quarter of 2024 to citizens' bank accounts has not yet been determined, according to the Tax General Department's tax inspector. According to information from the TGD, the VAT refunds for the last year’s fourth quarter, which includes October, November, and December, will be transferred to citizens' bank accounts by February 2025. Currently, there is no news on when the refund payments will start being issued. It is expected that by the end of this month, the refund money will start being transferred to citizens' accounts. If there are any registration errors or issues with the lottery receipts for the fourth quarter of 2024, citizens can contact the Tax General Department's risk department to resolve their issues. Additionally, instead of receiving the VAT refund, citizens can choose to pay taxes and fees such as motor vehicle, firearms, immovable property, livestock count, immovable property of land, as well as land and road user charges. If deciding to pay these fees, it is possible to apply for this payment online or through an application.

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HHB to Participate in the World Economic Forum as a Strategic Partner

Published: 2025-01-16 | Translated from: ikon.mn

From January 20 to 25, the 55th annual meeting of the World Economic Forum will take place in Davos-Klosters, Switzerland. The World Economic Forum (WEF) is a major event that provides an opportunity for international organizations, governments, businesses, and representatives of civil society to discuss pressing social and economic issues globally. The leadership team of HHB has participated in the meeting three times, and this year, Chairman of the Board Randolph Koppa and CEO N. Sergelen will represent the bank. As an internationally recognized bank, HHB has collaborated with the World Economic Forum since 2010. Additionally, in June 2023, during the WEF's Summer Davos Forum, it became the first Mongolian entity to establish an official partnership agreement, becoming a strategic partner of the forum. HHB's Chairman of the Board, Randolph Koppa, CEO O. Orkhon, and founder of the World Economic Forum, Dr. Klaus Schwab, signed the official partnership agreement in Dalian, China, in 2023. To be selected as an official partner of the WEF, an organization must meet high criteria, such as contributing to their country's social and economic development, collaborating with regional and global companies, and gaining mutual recognition. The WEF implements many projects and programs aimed at addressing global economic issues, which is why the involvement and cooperation of strategic partners are crucial at an international level. As HHB participates as a strategic partner organization in the 55th World Economic Forum, it represents a significant step in introducing the country to global investors and business people, enhancing the reputation of not only the bank but also Mongolia in the international market.

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Mongolia Has No Blockchain-Based Coins, All Are Digital Fraud

Published: 2025-01-16 | Translated from: isee.mn

The Mongolia State Great Khural's session is discussing the appointment of non-staff members to the Financial Regulatory Commission. B. Saruul, Sh. Khandsuren, and L. Sonor have been nominated for these positions. During inquiries, Member of Parliament U. Shijir asked, "Will we account for taxes on coin income or not? For instance, it is 37% in the USA, 45% in France, and 22% in Singapore. Additionally, there is no single coin based on blockchain technology in Mongolia. They are all digital frauds. All of them are frauds. How grounded are you on this topic? None of the more than 60 coins issued in Mongolia are based on blockchain technology. So should taxes be imposed on digital fraud income? This isn't addressed anywhere, not even in the law passed in 2021. What solutions or approaches do you have on this issue?" In response to his question, Speaker of the Parliament D. Amarbayasgalan stated, "The parliament needs to initiate, present, and pass this law. The Financial Regulatory Commission must implement the passed law. An interagency working group has been formed through the directive of the Speaker of the Parliament to clarify the legal environment related to digital coins and cryptocurrencies. I urge Member of Parliament U. Shijir to join the working group and initiate this undertaking."

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DARKHAN-ULAAN: Seven Companies with Foreign Investment Hold Mining Licenses

Published: 2025-01-16 | Translated from: montsame.mn

The Provincial Environment Office presented information about mining and exploration companies. As of today, 69 special licenses for operation and exploration have been issued. Among these, there are 33 licenses for common minerals and 36 licenses for placer gold deposits. Seven companies with foreign investment are holding mining licenses over an area of 1,470.97 hectares. Four of these licenses are held by three companies with a single owner from the United Kingdom of Great Britain and Northern Ireland, two companies from the People's Republic of China, and one company with Ukrainian investment. Although licensed, only one company was operational last year, while others are in a dormant state. The largest area is covered by four licenses held by the three companies with a single owner, totaling 1,085.16 hectares. The licenses for operation and exploration are not granted by the provincial governor or the Environment Office but by the Mineral Resources and Petroleum Authority within the legal framework. In recent years, the provincial council and the governor’s office have issued decisions rejecting the possibility of using land for mining purposes, including requests for special licenses, on the territory of Darkhan-Uul province. These licenses were issued in the territories of Khongor and Shariin Gol districts between 2005 and 2019. It should be noted that false information spread online claimed that permissions were given to entities with foreign ownership by local administration officials. In response, the provincial Mayor's Office, Land Relations, Construction and Urban Development Office, Environment Office, and district governors, along with relevant specialists, provided clarifications.

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Orkhon: Consumer Goods and Services Price Index Increased by 12.1%

Published: 2025-01-16 | Translated from: montsame.mn

The Statistics Department of Orkhon Province released economic and social indicators showing that the consumer goods and services price index rose by 12.1% in 2024. Positive economic indicators for the province include increased revenue in sectors such as construction, transportation, public catering, and public utilities, while foreign trade turnover, industrial production, and sales decreased. Specifically, in 2024, the province's budget revenue increased by 10.1%, social insurance fund revenue by 5.0%, construction and major repair work revenue by 18.9%, transportation sector revenue by 4.8%, trade and public catering transaction revenue by 31.1%, public utilities revenue by 20.2%, and domestic service revenue by 37.2% respectively. On the other hand, foreign trade turnover decreased by 6.5%, total industrial product production by 0.3%, and total industrial product sales by 0.1%.

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More than 50% of Uranium Revenue to Go to Citizens

Published: 2025-01-16 | Translated from: news.mn

The leaders of "Mon Atom" company and representatives of scientists held a press conference regarding the Investment Agreement to be signed between the Government of Mongolia and the French "Orano Mining" company. "Mon Atom" company director D. Dalaijargal stated: "In the past two months, we have spoken in parliament about this agreement four times. You all know the pros and cons. The official signing will take place tomorrow. More than 50% of the revenue from this agreement will go to the citizens. The yellowcake uranium extracted from Mongolia will supply European countries with electricity for the next 50 years. The European Union has declared nuclear energy as a form of green energy. Therefore, the yellowcake we produce will be used as nuclear fuel. This is the largest investment following Oyu Tolgoi. Uranium is a remarkable scientific achievement." Dr. N. Tegshbayar, a researcher at the Institute of Physics and Technology of the Academy of Sciences, said: "I have worked as a professional analyst on this project. There are misunderstandings among the public about uranium mining. No one planted uranium at the mining sites. It has been in the depths of the earth since the world was formed. Furthermore, the water in the area can't be used for purposes other than uranium mining. Simply put, it is technical water or wastewater, not drinking water. Uranium is a radioactive mineral, so the water is toxic as well. Thus, it should not be misunderstood as polluting clean water. Moreover, international standards and regulations will be followed in uranium mining, which is also included in the investment agreement. Inspectors visit once every 3-4 years to ensure compliance with agreed standards and provide requirements and recommendations to the project company. In the past, Mongolia has conducted technology tests and extracted 10,000 tons of uranium using the in-situ leach method. Globally, this mining method is also practiced. However, no cases of radiation poisoning have been registered due to uranium mining. Nevertheless, all mining operations must adhere to standards at all times. As a professional, I am ready to provide correct scientific information about this project." Ya. Ganbold, expert at "Mon Atom" LLC, chairman of the Academic Council of the Mongolian Veterinary Clinics Cooperative, and advisor said: "The issues of animal disease and health have been discussed for many years. Since then, eight surveys and studies have been conducted. Overall, the uranium exploration process has not been identified as a cause of livestock diseases. The yellowcake uranium currently being extracted is not processed through technological processes; it is merely a chemical element extracted from exploration. Consequently, no effects on the environment, especially on livestock, have been observed. No conclusion has been made attributing livestock deaths to uranium exploration. We conducted examinations on 397 animals from 57 households in 3 soums. These three soums were selected for comparison. In Ulaanbadrakh soum, 37.8% of livestock suffer from digestive tract diseases, 29.7% from respiratory tract diseases, and the rest from other types of diseases. However, there is no radiation impact. Radiation affects the skin and fur of livestock first, but in our examinations of 10,000 animals over two years, no skin diseases were found. We have presented the results of all examinations to each of the 57 households. All the households are aware. Furthermore, the citizens of Ulaanbadrakh soum have a good understanding of uranium mining. We have engaged with locals in recent years to discuss this work, and they even express a desire for operations to start soon to create jobs. Therefore, it can be concluded that there is no negative impact on animal husbandry or veterinary aspects."

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Decided to Keep the Policy Rate at 10%

Published: 2025-01-16 | Translated from: unuudur.mn

The Monetary Policy Committee of the Bank of Mongolia held an extraordinary meeting and decided to keep the policy rate unchanged at 10%. Additionally, the reserve requirement for banks' local currency and foreign currency deposits was increased by two percentage points, reaching 13 and 18 percent, respectively. Annual inflation reached 9 percent nationwide and 9.1 percent in Ulaanbaatar in December 2024. The main factors contributing to the inflation exceeding the target ceiling were the increases in electricity, meat, and imported goods prices. Furthermore, domestic demand related to economic recovery and growth, along with increased wages, contributed to the rise in service costs, rent, and imported goods prices. Going forward, the impact of rising prices for government-regulated services, the distribution of dividends by "Erdenes Tavantolgoi" JSC, and the ongoing expansion of budget expenditures have necessitated the tightening of monetary policy, according to the assessment. While there have been no significant changes in the outlook for internal and external economic growth, geopolitical risks and uncertainties remain. Moreover, the high level of growth in bank loans is believed to stimulate consumer imports and domestic demand, and could potentially create risks in the financial sector. Thus, to tighten the monetary policy stance and ensure economic and financial stability, the reserve ratios for banks' local and foreign currency deposits have been increased once again.

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“Tavanbogd” Files Lawsuit Against BoM Governor Regarding Shares in Khaan Bank

Published: 2025-01-16 | Translated from: unuudur.mn

The battle over shares of Khaan Bank, Mongolia’s most customer-rich bank, continues. A few years ago, Hideo Sawada, a Japanese citizen who owned a significant portion of Khaan Bank's shares, decided to sell his part, sparking interest among Mongolian businessmen. At that time, officials like Deputy Prime Minister and Finance Minister Ch. Khurelbaatar were reported to have written a letter to Hideo Sawada, which was publicized. In the letter, it was expressed that the Mongolian government fully supports "Tavanbogd" company's proposal to purchase shares of Khaan Bank under the structure acceptable to their group. Furthermore, it was stated that the Ministry of Finance was prepared to assist with financing via a support letter. Considering the success of Mongolia's bonds in the international market in 2017 and 2018, it was believed that "Tavanbogd’s" bonds, backed by government support, would be welcomed by investors. The letter requested that "Tavanbogd" engage in productive negotiations. Subsequently, Sawada filed a complaint with the Anti-Corruption Agency, alleging obstruction by MP Ch. Khurelbaatar in his business dealings related to the shares. An investigation was initiated by the agency, but its outcome remains unclear. Recently, "Tavanbogd Trade" LLC has filed a lawsuit against the Governor of the Bank of Mongolia (BoM), claiming a violation of law regarding the decision to change the shareholder structure of Khaan Bank. They have approached the Administrative Court with their grievance. Here’s more detail on the reasons behind this lawsuit. "Operating a bank with influential shareholders under suspicious circumstances poses a risk.” Khaan Bank, a leader within Mongolia in terms of customers, assets, and income, has 40.99% of its shares owned by "HS Holdings," listed on the Tokyo Stock Exchange. This company invests in businesses like "Solid Bank," "Kyrgyzkommerzbank," and others. Its Hong Kong branch, "HS International (Asia) Limited," owns 8.78% of Khaan Bank’s shares. Conforming to a legal amendment, the bank sold 10% of its shares to the public. Of these, 4.23% were allocated to over 4,000 bank employees. "Tavanbogd Holdings" LLC currently owns 22.78% of the bank's shares, with another 13.22% in the name of founder D. Khulan. "Tavanbogd" believes the Bank of Mongolia’s decision allowing changes in the shareholder structure without proper legal adherence was flawed and thus approached the court. The complaint noted that the tender for changing the final ownership of a 60% shareholding by the Japanese company was announced on February 20, 2020, without adhering to Mongolian regulations or obtaining prior BoM approval. The origin and legitimacy of the purchasers’ funds were not independently verified. Despite the tender’s expiration notified on July 20, 2021, BoM Governor Lkhagvasuren permitted unauthorized changes in the bank’s capital and structure in correspondence dated July 26, 2021. This was seen as illegal against administrative and banking laws. "The Governor's decision, dated May 5, 2022, should be overturned. We risk adverse impacts, seen as violating laws and proper banking norms, with questionable source parties influencing this systemically significant bank," explained "Tavanbogd." Potential withdrawal of $267.3 million by foreign banks and financiers threatens the bank's liquidity and compliance ratios, affecting shareholder interests directly. "Tavanbogd Trade" insists no request for altering shares was ever submitted to BoM, not accepting changes based on unverified ownership. In response, BoM declared their President’s approval adhered to procedures since "HS Holdings" formally requested shareholder changes. Upon review, the Administrative Court dismissed "Tavanbogd Trade’s" complaint. The court found Khaan Bank had requested approval, detailing ownership changes. "Tavanbogd" claimed operational risk and shareholder rights violation without evidence or bank explanation. The court concluded their argument as baseless. The decision is under appeal at the Supreme Court’s Administrative Chamber.

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O. Nominchimeg: Foreign gambling companies earning huge profits in Mongolia

Published: 2025-01-16 | Translated from: gogo.mn

In today's plenary session of the State Great Khural, the parliament is discussing the appointment of T. Jambajams to the position of Chairman of the Financial Regulatory Commission. Members are asking questions to and receiving answers from the nominee. Member of Parliament O. Nominchimeg supports the nominee. She highlighted the surge of app-based loans in Mongolia and the shift to refined usury tactics. People are taking loans with 4-5% monthly interest rates, and if they can't repay, they download another app to take out another loan. Due to the lack of legal regulations, individuals are moving from one debt to another, which needs to be addressed. Online gambling is rapidly spreading in Mongolia. 1xBet, a company registered in Cyprus, is operating illegally and promotes obscenity. Its operations are prohibited in England and the company has declared bankruptcy in the Netherlands, yet it earns the most profit from Mongolia. In such a small economy, they are reportedly surprised to earn billions in profits annually. This is proceeding without any regulation. Through online gambling, this company is ruining the future of Mongolia's youth. Therefore, I urge a collaboration with the Financial Regulatory Commission and the Ministry of Justice and Home Affairs to quickly introduce a legislative proposal.

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Diplomacy

VIDEO: During the President's visit, it is planned to sign over 10 documents including "Cooperation in the field of education"

Published: 2025-01-16 | Translated from: isee.mn

The President of Mongolia Ukhnaagiin Khurelsukh arrived in Ankara, Republic of Turkey, to make a state visit at the invitation of President Recep Tayyip Erdogan. During the visit, the parties are planning to sign more than 10 documents including intergovernmental agreements on "Cooperation in the field of education", "Cooperation in the field of youth and sports", and "Cooperation in the field of health and medical sciences". They also plan to sign documents on cooperation in the fields of environment, mining, road, transport, infrastructure, forestry, law, and legal affairs.

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Professor D. Bayarkhuu: There is anticipation that Turkey might become Mongolia's ninth "strategic partner" during the President's visit

Published: 2025-01-16 | Translated from: isee.mn

The President of Mongolia, Ukhnaagiin Khurelsukh, is making a state visit to the Republic of Turkey at the invitation of Turkish President Recep Tayyip Erdoğan. During this visit, we sought clarification on some matters from researcher-professor D. Bayarkhuu. He said, "Mongolia and Turkey are celebrating the 55th anniversary of establishing diplomatic relations. Until the end of the Cold War, there was nothing substantial or tangible about Mongolian-Turkish relations. It was only after the Cold War that the relations between the two countries drew closer. Today, Mongolia and Turkey have a comprehensive partnership relationship. Twenty years ago, in 2004, when our former President N. Bagabandi visited Turkey, the two countries established a comprehensive partnership. It was the first country with which such a comprehensive partnership was established. Thus, over 20 years later, the President of Mongolia is on a state visit to Turkey. This visit is of particular importance because it is expected to raise the level of partnership. Currently, Mongolia has eight strategic partners. There is confidence that Turkey might become the ninth. Generally, having partnerships with as many countries as possible, with them as Mongolia's third neighbors, will strengthen Mongolia's foreign relations and its multi-pillar policy, leading to more foreign investment, and open up broader avenues for regional, Eurasian, and international cooperation. There has never been any conflict of interest between Mongolia and Turkey. Therefore, Turkey is considered Mongolia's closest partner on the far western border of Eurasia. Turkey itself is a major European player. In 1949, it became a member of the Council of Europe. There are no limitations in developing cooperation with Mongolia. Turkey leads in many sectors on the international stage, including business and soft power policy. Mainly, there is much we can learn from Turkey. SMEs in Turkey have developed in the true classical sense. For the European Union, Turkey is a supplying and manufacturing country. It has captured the European market with its SMEs. Therefore, we need to focus on utilizing this opportunity. We've placed great emphasis on this business forum because over 60% of the countries participating in the business forum are new in business. Thus, the Mongolian government is adopting policies to appropriately and effectively utilize Turkey's trade, economic, business opportunities, and finances," he said.

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President of Mongolia Khurelsukh visits the Republic of Turkey

Published: 2025-01-16 | Translated from: montsame.mn

President of Mongolia U. Khurelsukh is making a state visit to the Republic of Turkey at the invitation of Turkish President Recep Tayyip Erdogan. This visit falls within the framework of the 55th anniversary of the establishment of diplomatic relations between the two countries, during which the presidents of the two nations will sign a document establishing a strategic partnership between Mongolia and Turkey. As part of this visit, the two presidents will hold a private meeting and official talks. This visit is of great significance as it demonstrates the high level of cooperation between the two countries, and the presidents will sign a joint declaration on establishing a strategic partnership. Researchers believe that elevating the level of cooperation to a strategic partnership with Turkey, a country with significant influence in Eurasia and a leading economy, will expand bilateral cooperation and create favorable conditions for business and economic activities. Dr. Professor D. Ulambayar stated, "The two countries established diplomatic relations on June 24, 1969, opening embassies in Ulaanbaatar in 1996 and Ankara in 1997. The current state visit by the Mongolian president is taking place after 21 years. Experts are highly considering the importance and expected outcomes of this visit, particularly the business forum and meetings to be held as part of the visit, which are attracting attention." International relations scholar D. Bayarkhuu emphasized, "Mongolia and Turkey have a comprehensive partnership, and reaching a strategic partnership level opens opportunities for active cooperation in various fields." In 1998 and 2004, President N. Bagabandi visited Turkey, while from the Turkish side, President S. Demirel visited Mongolia in 1995 and President A. N. Sezer in 2002. During the visit, the parties plan to sign more than ten documents on cooperation in fields such as education, youth and sports, health and medical sciences, as well as agreements between governments on environment, mining, transport, infrastructure, forestry, law, and justice.

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President U. Khurelsukh Begins Visit to Turkey, Arrives in Ankara

Published: 2025-01-16 | Translated from: gogo.mn

President U. Khurelsukh has arrived in Ankara, Turkey, in order to conduct an official state visit at the invitation of the President of the Republic of Turkey, Recep Tayyip Erdoğan. The President, along with his wife L. Bolortsetseg and the accompanying delegation, was welcomed at Ankara's "Esenboğa" International Airport by Turkey's Minister of Internal Affairs Ali Yerlikaya and Mongolia's Ambassador Extraordinary and Plenipotentiary to Turkey, G. Munkhbayar. This visit coincides with the 55th anniversary of the establishment of diplomatic relations between the two countries, marking the first state-level visit to Turkey by a Mongolian leader in 21 years. Within the framework of the state visit, the Presidents of the two countries will hold a one-on-one meeting, official discussions, and provide information to representatives of media organizations. The two countries established diplomatic relations on June 24, 1969. Embassies were opened in Ulaanbaatar in 1996 and in Ankara in 1997. During the visit, the parties plan to sign over 10 documents of cooperation in fields such as education, youth and sports, health and medical sciences, as well as the environment, mining, transportation, infrastructure, forestry, law, and justice. Mongolia and Turkey have a comprehensive partnership. Past visits include President N. Bagabandi's visits to Turkey in 1998 and 2004, as well as Turkish Presidents S. Demirel's visit to Mongolia in 1995 and A. N. Sezer's visit in 2002.

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Met with the Ambassador of the European Union and introduced the implementation of an international evaluation system

Published: 2025-01-16 | Translated from: isee.mn

The Minister of Mongolia and Chairperson of the National Council for Monitoring and Evaluation, E. Odbayar, met with the European Union's Ambassador Ms. Ina Marculionite and other officials. During this meeting, Minister E. Odbayar explained that since the formation of the Joint Government, their organization has been studying and developing proposals to bring Mongolia's monitoring and evaluation system in line with international standards. This involves implementing the comprehensive international evaluation system (DME–Design, Monitoring and Evaluation) to assess the implementation of the 'Vision-2050' Mongolia's long-term development policy and other medium and short-term policies. Additionally, he expressed the intention to make more systematic policies to ensure economic freedom, human rights freedom, and business freedom. Ambassador Ina Marculionite emphasized that for the European Union and European businesses and investors, it is critically important to have a favorable business environment in Mongolia. She mentioned that the first-ever Mongolia-Europe Business Forum is being organized in September. Also, she noted the excellent work being done in contract projects with the Ministry of Justice and Home Affairs and other government institutions, which is crucial for both Mongolia and the European Union countries. She stated that these meetings will result in more practical cooperation than just discussions. During the meeting, both parties exchanged views on effectively cooperating within the framework of their long-term development policies and plans, focusing on common goals, and enriching diplomatic relations further.

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Chairman of the State Great Khural D. Amarbayasgalan meets with Russian Ambassador A.N. Yevsikov

Published: 2025-01-16 | Translated from: isee.mn

Chairman of the State Great Khural D. Amarbayasgalan met with A.N. Yevsikov, the Russian Ambassador to Mongolia. Chairman D. Amarbayasgalan emphasized that developing extensive cooperation with Russia, with whom Mongolia shares a tradition of friendly neighborly relations, is a priority of Mongolia's foreign policy. He expressed that the State Great Khural will continue to support strengthening the comprehensive strategic partnership and expanding cooperation. Russian Ambassador A.N. Yevsikov conveyed greetings to the Chairman of the State Great Khural on the occasion of the 33rd anniversary of the adoption of Mongolia's democratic Constitution. He expressed gratitude for the attention given by the State Great Khural to the implementation of discussions between the Presidents of both countries and agreements between their governments during the visit of the Russian President to Mongolia. Additionally, the ambassador noted that the newly established 126-member parliament resulting from constitutional amendments includes many young and female members, highlighting the broad opportunities for strengthening relations between the youth and women of the two countries. The parties also exchanged views on activating cooperation between the State Great Khural and the Russian State Duma and parliamentary groups, according to the press office of the State Great Khural.

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D. Ulambayar: During the President's visit to Turkey, more than 10 memorandums will be signed and a strategic partnership agreement will be established

Published: 2025-01-16 | Translated from: isee.mn

President of Mongolia Ukhnaagiin Khurelsukh is making a state visit to the Republic of Turkey at the invitation of President Recep Tayyip Erdogan of Turkey. Doctor and professor D. Ulambayar stated, "In the framework of this visit, numerous agreements and negotiations will be made, alongside a major business forum. Subsequently, there will be cooperation in many sectors including politics, economy, and security. The business forum is seen as a huge opportunity to expand the trade and economic cooperation between the two countries. Mongolia and Turkey have significant historical ties. In the 5th-6th centuries, a great empire was established in the territory of Mongolia. Also, in 1961, when Mongolia joined the United Nations, Turkey chaired the Security Council and fully supported its membership request. Thus, the initiative to establish diplomatic relations was first taken by Turkey, opening up the opportunity for the development of relations between the two countries from the 1990s onward. About 3,000 students from Mongolia are studying in Turkey. Additionally, cooperation is highly emphasized in the field of defense and security. Our defense professionals, police officers, and law enforcement personnel, as well as employees in emergency services, are studying at Turkish universities at both undergraduate and master’s levels. The cultural relationship between the two sides is a very important part of the cooperation.

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The Audit Court of the French Republic Will Collaborate with the State Inspection Committee of Mongolia

Published: 2025-01-16 | Translated from: isee.mn

Chairman Ch.Uunurbayar of the State Inspection Agency and Secretary N.Lhagvadorj of the National Committee for Monitoring and Evaluation have organized the first virtual meeting on collaboration issues with Natasha Rimbone, Director of Foreign Relations, and Deputy Director Guillaume Brule of the Audit Court of the French Republic. The Audit Court of the French Republic oversees the inspection of government institutions by dividing them into seven sectors. Although the organization specializes in audits, it has been active for the last 15 years in the field of evaluation and monitoring and is a member of the International Evaluation Organization. During the meeting, it was agreed to study French best practices and collaborate in the field of evaluation and control. The collaboration will include evaluating and assessing state policies, carrying out impact assessments, clarifying the distinction between audit and evaluation monitoring, and conducting audits upon citizen requests. A detailed plan for cooperation was also agreed upon. The invitation from Minister E.Odbayar, Chairman of the National Committee for Monitoring and Evaluation, was conveyed to initiate new steps in international cooperation in this sector. The meeting concluded with expressions of gratitude towards U.Nyamkhuu, Ambassador of Mongolia to the Republic of France, for his significant contribution to launching this cooperation.

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President R.T. Erdoğan Officially Welcomes Mongolian President U. Khurelsukh

Published: 2025-01-16 | Translated from: montsame.mn

Ankara. Mongolian President U. Khurelsukh, who is on a state visit to the Republic of Turkey, was officially welcomed by the country's President R.T. Erdoğan at the Presidential Complex. During the welcoming ceremony, the national anthems of both countries were played and a ceremonial salute was performed, after which the Guard of Honor Commander reported to President U. Khurelsukh. The heads of state also greeted the official delegations from Mongolia and Turkey who attended the welcoming ceremony. The events at the Presidential Complex, where government meetings, presidential meetings, and events are held, often host foreign heads of state and high-level representatives. During this visit, the presidents of the two countries held bilateral meetings, conducted official talks, and gave briefings to representatives of the media. During these meetings, the parties signed an intergovernmental agreement to cooperate in the fields of education, youth, sports, health, and medical science. They also signed documents to collaborate in areas such as environmental protection, mining, transport, infrastructure, forestry, and law and legal issues. The two presidents, who participated in the expanded meeting of the Council of Heads of State of the Shanghai Cooperation Organization member countries in Astana, Republic of Kazakhstan, in 2024, agreed on the importance of high-level mutual visits and dialogues to expand and develop bilateral relations. They also discussed advancing comprehensive partnership relations, marking the 55th anniversary of diplomatic relations with a grand celebration, and other topics.

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Head Lama D. Javzandorj Meets Pope Francis

Published: 2025-01-16 | Translated from: gogo.mn

The Head Lama of Gandan Tegchenling Monastery, Khamba Nomun Khan, and Geshe Lharamba D. Javzandorj met with Pope Francis, the leader of the Holy See. During the meeting, Khamba Nomun Khan and D. Javzandorj highlighted the importance of strengthening interfaith dialogue and cooperation for the sake of human morality, justice, equal opportunity, human development, and well-being. Pope Francis noted that since the 1990s, the Mongolian people have revived their traditional religion and developed their country on the path of democracy. He emphasized the significant role of religion in creating a society that ensures justice and citizen participation, according to information from the Mongolian Buddhist Center, Gandan Tegchenling Monastery.

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Infrastructure

Power Outage Continues Until 6 PM Due to TPP-4 Station Malfunction

Published: 2025-01-16 | Translated from: gogo.mn

The city's mayor announced that "the Booroljuut power station will be operational after 14 years, preventing any future power outages." On the first day of this year, the Booroljuut power plant supplied 40 MW of electricity. Starting from the 6th of this month, the station will operate at full capacity, producing 150 MW. This development is expected to prevent power restrictions during the peak winter loads of 2024-2025, which could be critical for the residents of the capital. However, there have already been two outages in 2025. The first occurred on the second day of the new year, and the second took place yesterday, the 15th of this month. Specifically, between 3:00 PM and 11:00 PM yesterday, there was a warning from UBCTC JSC that electricity might be restricted in nine districts of the capital and Tuv province. According to the notified schedule, electricity was indeed cut off in those areas. A resident reported that "between 9:00 PM and 10:00 PM, electricity was supposed to be restricted in the 5th, 8th, and 21st khoroos of Bayanzurkh District, Ulaanhuaran, Shine Amgalan residential area, Khilchin, and Baganat Urgoo, but electricity was actually shut off in our 35th khoroo. The power outage lasted from 10:00 PM to midnight." Therefore, to ascertain why they have gone back on their promise and caused a power outage in the capital, we contacted B. Ganbat, an official at the National Dispatch Center. He stated, "A malfunction at the TPP-4 station was the cause of the power restrictions. Repairs to the boiler malfunction are expected to continue until 6 PM today. Until then, power outages will occur at specific times in the nine districts. The power failures have nothing to do with the electricity being supplied by the Booroljuut station." However, before contacting him, when asked to clarify the issue, Bayarsaikhan from the UBCTC JSC information department explained, "During peak load times, between 5:00 PM and 10:00 PM, we had to impose capacity restrictions due to the risk of system overload. We are not aware of the specifics. Wherever the capacity drops, electricity is immediately restricted in that area. Wherever there is high electricity consumption, lines in that area become overloaded and restrictions are imposed." Essentially, the information provided by these sources is contradictory.

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Residents' Dream of Riding the Subway Delayed Until 2030, Feasibility Study Extended by 1.3 km

Published: 2025-01-16 | Translated from: ikon.mn

The dream of the residents of the capital to ride the subway has been postponed until 2030, with the feasibility study being revised and extended by an additional 1.3 kilometers.

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Possible Locations for Power Outages Today

Published: 2025-01-16 | Translated from: gogo.mn

Due to a shortage of energy capacity, there are possible locations for power outages today. In order to ensure the continuous and reliable operation of the power supply system, the Ulaanbaatar Electric Network Joint Stock Company (UBEN JSC) urges you to reduce the settings of your heaters and turn off any electrical appliances that are not necessary to use, to manage your "load." If you want to read the clarification about the reason for the power outages, click HERE.

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Fraudsters Nestled in the Construction Sector

Published: 2025-01-16 | Translated from: unuudur.mn

Fraudsters Nestled in the Construction Sector Since the COVID-19 pandemic, the construction industry has been in decline and has become a stronghold for swindlers. Lawyers report a rise in instances where individuals with special permits for construction acquire land by some means and falsely promise to build housing projects, deceiving many people. Ultimately, those who ordered housing often end up with nothing but a paper with a picture of a nice building that never materializes. Additionally, the use of substandard materials that do not meet quality requirements has led to walls, ceilings, and floors developing cracks, breaking, or collapsing. Meanwhile, there is an increase in requiring additional payments before handing over keys and in failing to deliver the property by the agreed time in contracts. Moreover, cases of apartments being sold to multiple people have become common, resulting in both civil and criminal charges. Many individuals, not just in ones and twos but hundreds, have been left homeless, ending up on the streets. Despite seeking help from legal regulatory bodies, victims have found little resolution and, in desperation, have resorted to staging protests and hunger strikes at central squares, turning to the government. For example, over 500 households ordered apartments from a company called "Montai Burd" in the "Blue Bird" complex in the Songinokhairkhan district and paid advances, but none received their homes or got their advances back. Citizens who ran out of options resorted to a hunger strike last year after the construction company had done nothing but dig a hole for four years since their order. Those without homes or money because of irresponsible companies suffered greatly, both financially and mentally. Families broke apart, children were neglected, and elderly people passed away without seeing their promised homes. In another case, residents in the Khan-Uul district bought apartments from the "Ireeduin Bileg" company, which took deposits but failed to deliver the apartments as promised. People lodged complaints with legal authorities, demanding that the government recover their losses. According to unofficial studies, over 70,000 citizens in the capital have been victimized in connection with housing issues, either losing huge sums or otherwise suffering significant losses. Strangely, when they contact legal authorities, owners of construction companies cannot be found, or the legal personnel show no desire to pursue those responsible and hold them accountable. Citizens argue that unless stricter legal controls are implemented, such as revoking the permits of fraudulent companies, and unless the ministry, heads, and the government itself enforce stricter oversight, these types of crimes will continue to rise. We reached out to an expert to understand the legal environment and whether fraud in the construction sector has increased. Lawyer B. Buyanjargal, who has been resolving disputes related to housing contracts as a legal advocate since 2017, said: "I have worked on cases for both construction companies and clients. There are numerous instances where both criminal and civil cases are filed. Due to the economic crisis caused by the COVID-19 pandemic and rising construction material costs, companies have faced financial difficulties. However, instead of finding a proper solution, some resort to unethical practices like signing multiple contracts for the same property to minimize their losses, which is a criminal act." Many citizens have suffered time, financial, and mental damages from this criminal conduct, with hundreds of individuals filing cases against a single construction company. Companies that start new constructions on personal land but stop due to lack of funds or unauthorized work often fail to deliver on contracts. To cope with risks, construction companies sell the same apartment unit to different people, pretending to address their financial "wounds." This action is intentional deception, rendering housing order contracts practically worthless. These are 100% trust-based, very risky contracts. Because they're not clearly drawn to protect stakeholders' interests, many people suffer as a result. Real estate developers raise funds from upfront payments collected from their clients to start their projects, relying entirely on clients' pockets. Unless they get timely payments, construction might falter, leading to contractual breaches. New tactics to prevent this include making a registry of housing order contracts with the UBEG, so buyers can verify a property's sales history to avoid being misled by fraudulent minor companies replacing general contractors after unauthorized sales. Law enforcement warns of rising infrastructure crimes committed using future property sales contracts as a guise. To prevent this, developers must prioritize citizens' rights and use proper resources to meet safety and quality standards, addressing discrepancies with hard punishments for offending firms. Additionally, expert lawyers advise potential buyers to thoroughly research construction projects and verify promises through valid documentation. Impulsive purchasers who overlook clauses for cheaper coverage become easy targets for scammers, entrusting illicit operations based on verbal reassurance or small bribery.

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Society

Khovd: Joint team of UNICEF working in Khovd province

Published: 2025-01-16 | Translated from: montsame.mn

A joint team from UNICEF, led by Evariste Kouassi-Komlan, UNICEF Resident Representative, and L. Enkhnasan, Member of Parliament and Chair of the Standing Committee on Social Policy, is working in Khovd province from January 14 to 17. The team met with local government officials to exchange information on collaboration, according to the Provincial Administration of Khovd. As part of UNICEF's Health Program, a neonatal early detection center has been established based at the Regional Diagnosis and Treatment Center in Khovd for 2023-2024, and equipment has been installed to improve medical waste management. Additionally, primary health centers have been supplied with streptococcal screening tests to detect congenital heart disease in young children, and the introduction of the human papillomavirus vaccine for adolescents has been implemented, among other activities. In 2025, representatives of Khovd province expressed their desire to work together to address the necessary funding for various initiatives, including repairing the roof of the Zoonotic Disease Research Center, establishing temporary waste storage sites in districts, building facilities for autoclaves, and developing a unified sanitary and sewage model facility. They also aim to develop drinking water wells in Munkhkairkhan, Erdeneburen, Uyenchi, and Khovd districts. During their time in Khovd province, the working team visited the Health Department and the Regional Diagnosis and Treatment Center to review the work done locally with UNICEF's investment. They also visited Uyenchi district to learn about the operations of the border checkpoint and the district's health center.

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Published: 2025-01-16 | Translated from: ikon.mn

At 08:30 at the Eco Tower, a meeting will be held with media organizations to provide a comprehensive understanding of projects to be implemented in 2025. At 10:00 at the State Palace, a unified session of the Parliament will take place. At 11:30 at the “National Information Center” of the “Century News” newspaper, representatives from the NGO “Power of Unity for the Homeland” and the NGO “Mothers' Union for Safety,” as well as citizens and representatives of organizations, will present information opposing the uranium contract. At 11:30 in the conference room of the Capital Police Department, the police department will provide information regarding issues related to the demonstration. Note: Media organizations (Television, Radio, Social media, and Web pages) must credit the source (ikon.mn) when using our information in full or in part.

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Mongolians in Chicago are collecting signatures to reject S.Erdene as deputy consul

Published: 2025-01-16 | Translated from: gogo.mn

Former Democratic Party chairman S. Erdene has been appointed as the consul to be stationed in Chicago, USA. This decision is being opposed by Mongolians residing in and around the city, who have started collecting online signatures to express their disagreement. On the website change.org, citizens are collecting electronic signatures, and as of now, 828 people have submitted votes opposing the appointment. They are demanding the cancellation of the decision to appoint S. Erdene as the deputy consul of Mongolia in Chicago. The reasons for their demand include: - Being considered a pioneer of the democratic revolution, holding political offices from 1989 onwards, from Baganuur District's Democratic Party chairman to the national chairman of the Democratic Party, and being elected three times as a Member of Parliament, yet hindering Mongolian citizens' opportunities to live and work in Mongolia; - Involvement in a case during his tenure as head of the State Social Insurance General Office from 2004 to 2008, where funds were embezzled in the names of deceased people; - Lacking the diplomatic education necessary to represent a nation; - Having ethical shortcomings; - Inadequate English proficiency. This decision to appoint S. Erdene has faced opposition, with Mongolians around Chicago actively gathering digital signatures against it. The petition on change.org has gathered 828 votes against the appointment thus far, citing his political past, alleged corruption, lack of proper diplomatic education, ethical issues, and insufficient English language skills.

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Reminder Not to Violate Others' Rights During Demonstrations

Published: 2025-01-16 | Translated from: news.mn

A demonstration was organized in Sukhbaatar Square. In connection with this event, the City Police Department held a briefing. G. Purevdelen, Head of the Media and Communications Department of the General Police Department, stated: "On January 7, the Liberty Coalition Party submitted an official letter to the Governor of Sukhbaatar District about organizing a demonstration and meeting. The relevant authorities registered the demonstration. As a result, the demonstration was held in Sukhbaatar Square. Since that day, the police department has recorded 13 reports and complaints related to crimes and violations associated with the demonstration. Of these, seven are of a criminal nature and six are complaints of violations. The investigation is ongoing. Illegal actions occurred during the demonstration. For instance, there were instances where citizens' property was destroyed or damaged, public officials' activities were obstructed, or state special officers were assaulted. Actions of a criminal nature were committed. Therefore, the investigation is continuing under the supervision of the prosecutor. The public order was disrupted. For example, the road traffic at the intersection of Sukhbaatar Square and the Central Post Office's four-way junction was blocked. Other inappropriate actions were also taken. All these issues are being investigated by the police department." According to the Constitution of Mongolia, citizens have the right to express their opinions and thoughts. However, this must not infringe on others' rights. There are many people who may need to travel urgently for medical attention or for other pressing matters. Therefore, if organizing a demonstration or gathering, one must respect others' rights when expressing their opinions. The police department warned that if others' rights are violated, it will be considered an illegal act.

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Mongolians in Chicago Begin Petition Against S. Erdene's Appointment as Deputy Consul

Published: 2025-01-16 | Translated from: isee.mn

The former chairman of the Democratic Party, S. Erdene, has been appointed as the deputy consul in Chicago, USA. However, Mongolians living in and around the city have begun to protest this decision by gathering electronic signatures in opposition. Specifically, signatures are being collected from citizens on the change.org website. They are demanding the revocation of the decision to appoint S. Erdene as the deputy consul in Chicago from Mongolia.

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Police Warn that Blocking Roads is Illegal and Urges to Respect Others' Rights

Published: 2025-01-16 | Translated from: ikon.mn

During the demonstration, demonstrators blocked roads and caused congestion in traffic, leading the police to provide the following information: Complaints were filed by citizens and government organizations regarding the road blocking. For instance, demonstrators obstructed the vehicle of a woman whose young child was sick, pushed and knocked her down, blocked public transportation routes, and hindered the movement of medical vehicles. Due to these illegal actions, the police are registering and investigating the incidents. Citizens have the right to assemble and protest, but they must respect the rights of others. There may be people on the road with urgent issues. Blocking the road is seen as a violation of these individuals' rights. Therefore, the police warn that in the future, demonstrators should understand that blocking roads is illegal and respect others' rights. Warning: Media organizations (Television, Radio, Social and Web pages) must mention their source (ikon.mn) when using our information in any form, whether fully or partially.

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Environment

N.Nomtoibayar: We Will Work with the Parliament and Government to Reduce Air Pollution

Published: 2025-01-16 | Translated from: isee.mn

Member of Parliament (MP) N. Nomtoibayar provided information on addressing air pollution. He stated, "The first autumn session of the 2024 parliamentary elections is concluding. During the autumn session, the four members of the National Coalition with seats in Parliament participated in a total of eight working groups. Additionally, a certain amount of research work was conducted to reduce air pollution, and it was concluded that significant results can be achieved in a short time by adopting an economically oriented approach based on science and calculations to eliminate smog." He mentioned that political parties with seats in Parliament, especially the leadership of the majority People's Party, along with the Government, have proposed to collaborate in combating air pollution. "Yesterday, an official letter to cooperate was sent to the Government, and from this Saturday, we are starting our work in collaboration with the National Committee to Support Air Pollution Reduction," he added.

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Air Pollution in the Bayankhoshuu Area

Published: 2025-01-16 | Translated from: isee.mn

The air around Bayankhoshuu is heavily polluted, reaching levels that require wearing masks. The area around Bayankhoshuu is experiencing heavy air pollution, which can negatively affect health if exposed for long periods outdoors. Specifically, the PM2.5 particulate matter level is 396, and the sulfur dioxide (SO2) concentration is 202. These measurements indicate significant air pollution, and during such times, individuals with chronic heart and lung conditions, the elderly, and children should avoid any physical activity outdoors. Those with chronic conditions should regularly monitor their blood pressure, remain under medical supervision, and take their medication on schedule. It is also advised to go out in fresh air and wear masks.

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Studying National Greenhouse Gas Emissions

Published: 2025-01-16 | Translated from: unuudur.mn

A study to determine the level of greenhouse gas emissions at the national level will be conducted by the Climate Change Research and Cooperation Center under the Ministry of Environment and Tourism in collaboration with the National University of Mongolia. They aim to develop a foundational study to identify greenhouse gas emissions in Mongolia, strengthen capacity in environmental research, and expand innovation collaboration and partnerships. Additionally, they plan to implement activities such as developing educational modules for sustainable development. The Climate Change Research and Cooperation Center completed the risk and vulnerability assessments of climate change for Arkhangai, Bayankhongor, and Selenge provinces last year. It has been mentioned that no recent studies have been done on the current level of greenhouse gas emissions. Thus, teachers and researchers from the National University of Mongolia have initiated this foundational research work.

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N.Nomtoibayar: Policies and Decisions to Reduce Air Pollution Are Stuck in 20th Century Thinking

Published: 2025-01-16 | Translated from: news.mn

Member of Parliament (MP) N.Nomtoibayar held a press conference today. He stated that during the autumn session of parliament, four members of the "National Coalition" present in the parliament participated in a total of eight working groups. In addition to this, they have conducted specific research on reducing air pollution, based on economic orientation and scientific calculations. They have preliminarily concluded that it is feasible to reduce air pollution in a short period of time. Therefore, given the opportunity, I can confidently promise to demonstrate remarkable results in combating air pollution in the short term. Following this statement, the parties represented in the parliament consulted and proposed to collaborate in the fight against air pollution. As a result, the government reached out to us and sent an official letter proposing cooperation yesterday. After consulting with the leaders of the parties forming the "National Coalition" and fellow MPs, we decided to commence joint operations with the National Committee on Reducing Air Pollution this coming Saturday. What lies beyond this is, firstly, establishing the principle that political parties should not politicize major issues that have become national disasters, and should cooperate without setting boundaries. Secondly, I criticize the current attitudes, policies, and decisions regarding the air pollution issues affecting the capital and the 21 provinces as being stuck in 20th century thinking. Therefore, more economically oriented, social, and economic legal reforms are at stake. Based on discussions with the Speaker of Parliament and the Speaker's Council, it is advisable for the parliament to legally decide to form a working group and collaborate with the government under the guidance of the Constitution, as decided yesterday. Relevant preparations are underway. A parliamentary hearing related to air pollution will be held on February 7th. The hearing will be summarized, and a working group will be formed in connection with this report, said MP N.Nomtoibayar as he answered journalists' questions afterwards.

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The Permits of 53 Tree Propagation and Forest Restoration Organizations Have Been Temporarily Suspended

Published: 2025-01-16 | Translated from: unuudur.mn

The Forest Agency announced that the special permits of 53 enterprises engaged in tree propagation, afforestation, and reclamation activities have been temporarily suspended. According to the Law on Permits, a request to extend the permit, along with the necessary documents, must be submitted no less than 30 days before the permit expires. The decision was made because this requirement was not met. The same law states, "The deadline for submitting supplementary documents is 10 working days. If the documents are not submitted within this period, it will be considered as not having applied for a permit extension." As a result of violating these provisions, the tree propagation and forest restoration rights of enterprises such as "Nandin Namu", "Goo Maral Dol", "Eco Green Gol", and "Hurkhnagjibur" have been suspended. These enterprises must clear the violations and submit a request for reinstatement of their rights during the suspension period as stipulated in Article 6.2 of the Law on Permits. Otherwise, the permits will be permanently revoked.

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Smoke Issue: Standards and Control

Published: 2025-01-16 | Translated from: montsame.mn

Discussion on "Smoke Issue: Standards and Control (stove and fuel technology)" will be held at the State Palace on January 22. The discussion is organized by a working group established by the Parliamentary Standing Committee on Environment, Food, and Agriculture on December 19, tasked with preparing and organizing a general oversight hearing on air pollution and smoke issues. Applications from citizens wishing to participate in the discussion are being accepted from today until the 20th of this month, both in writing and via email. Due to the capacity of the venue, the number of participants is limited. Participants will be granted access to the State Palace by verifying their citizen ID or electronic ID/e-mongolia/. Follow @montsame.mn

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Innovation

TELENGHE: Digitizing the Operations of the "Altanbulag" Free Zone

Published: 2025-01-16 | Translated from: montsame.mn

A working group is currently in Selenge aimag to enhance and digitize the operations of the "Altanbulag" Free Zone. The meeting was attended by N. Bayarjargal, Commander of the Border Guard Division 0101 based in Selenge aimag, B. Öneböld, Director of the Customs Office in Selenge aimag, Deputy Governor J. Sainzog of Selenge aimag, and relevant specialists. They discussed the issues plaguing the operations of the "Altanbulag" Free Zone, measures to be implemented moving forward, and exchanged opinions. In alignment with the "Vision 2050" long-term development policy of Mongolia and within the framework of the Digital Mongolia National Program, a comprehensive solution for digitizing the operations of the "Altanbulag" Free Zone will be executed. Within this framework, the office of the governor of the "Altanbulag" Free Zone plans to conduct several staged initiatives. The initial phase will focus on digitizing the free zone's operations to eliminate registration queues and lines. The East Siberian economic zone, including areas such as Irkutsk Oblast and the Republic of Buryatia, is closest to the Altanbulag Free Zone. The mission of the "Altanbulag" Free Zone is to utilize the development of the free zone as a means to transform Mongolia into a country with favorable investment conditions, accelerate socio-economic development, increase trade turnover, improve the competitiveness of goods and products, boost finances and investments, and become a modern free zone meeting international standards.

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Sports

Participating in the World Economic Olympics

Published: 2025-01-16 | Translated from: news.mn

Just like the Olympic Games, which symbolize peace and unity among humanity, the World Economic Forum is the largest "Olympics" for both public and private sectors held annually across the globe. The forum, held in Davos, Switzerland, will take place from January 20 to 24 this year. This year's forum is organized under the theme "Cooperation in the Smart Age." In other words, it aims to promote partnerships and understandings directed towards creating a more sustainable and inclusive future in an era of rapidly developing technology. The discussions will be held under five main themes: - Redrawing Growth - Industries of the Smart Era - Investing in Human Capital - Protecting Our Earth - Restoring Trust Joining the Davos forum is highly competitive. It is a venue where the world's biggest investors, business executives, heads of state, prime ministers, ministers, geniuses, Nobel laureates, representatives of civil society organizations, research institutions, scientists, startup entrepreneurs, and major media representatives gather. Therefore, the Davos forum is an excellent opportunity for countries to promote themselves to the world's "big shots." This year, for instance, the new US President Donald Trump is expected to attend. The world is eager to understand Trump's policy priorities, especially in international relations and economic strategies. Trump's inauguration coincides with the opening of the forum. Meanwhile, major business figures like Mark Zuckerberg of "Meta" and Sam Altman of "OpenAI" seem to choose Trump's inauguration over Davos. The forum will also feature notable participants such as Ukrainian President Volodymyr Zelensky, European Commission President Ursula von der Leyen, and Chinese Vice Premier Ding Xuexiang. Essentially, the Davos forum is a hotspot for defining global trends and collaborating to create a better future. As mentioned, the world's "big shots," or top decision-makers, are the ones who gather there. Innovations and new technological solutions are presented here first. Important topics like the UN's Sustainable Development Policies, climate change, and a green economy are initially discussed at Davos. The World Economic Forum, a heated platform for international relations and business, will include over 50 heads of state this year. This is the first time in history that the Davos forum sees such a high attendance of state leaders. For Mongolia, the Davos forum is a major venue for strengthening foreign relations and conducting important dialogues. Major cities are rising annually worldwide, similar to New York. Future trends and best solutions in urban development are discussed only at the World Economic Forum. Mongolia, with more than 10 cities already planned on paper, yet lacking any reality, must attend the Davos forum to learn and gain experience. Furthermore, national disputes often find resolution, with handshakes at the Davos forum being common. A noteworthy example is the Greece-Turkey negotiation in 1988, when both nations came close to military conflict over territorial disputes in the Aegean Sea. During the Davos forum, the late Greek Prime Minister Andreas Papandreou and the late Turkish Prime Minister Turgut Özal held bilateral talks. This informal meeting provided a neutral dialogue environment free from internal political pressure. The leaders achieved the so-called "Davos Declaration," easing tensions and improving relations. Although relations between the two countries have become unstable again in recent years, this negotiation is frequently cited as an example of how diplomatic relations can be developed informally. In addition to geopolitical challenges everywhere, the Davos forum is a creative discourse platform for leaders. Another good example is the 1994 South African economic sanctions discussion. During the early 1990s, under Nelson Mandela's leadership, South Africa emerged from the apartheid regime, having faced economic hardships due to international sanctions during apartheid. Lifting these sanctions required global consensus and trust. In 1994, during the Davos forum, South African President Nelson Mandela met with global business and political leaders, including South African business magnate Harry Oppenheimer and other Western policymakers. Mandela effectively used the Davos forum to push for lifting sanctions and confirm South Africa's transition in front of the world. Moreover, a crucial takeaway from the Davos forum is undoubtedly investment. Not only Mongolia but all nations strive to attract investments here. Even highly developed countries worldwide compete and struggle for investments. If one just sits idly expecting help, nothing will be achieved, as demonstrated since 2012. Previously, many Mongolian entrepreneurs have learned from, listened to, and brought changes from Davos. This year's Davos forum is Mongolia's crucial opportunity and channel to attract investment.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Sports

Politics

International Hacker Group Attacks Taiwan, Myanmar, Vietnam, and Mongolia's Ministry of Defense

Exploring the Possibility for Mongolians Abroad to Vote via the "E-Mongolia" System

Preliminary Discussion on the Case Involving D. Ariunbold Accused of Buying an Expensive House in Canada with Bribe Money Held and Transferred to Court

Demonstrators in the "Government Resign" Protest Announce Hunger Strike

US Imposes Sanctions on 37 Chinese Companies Alleged to Use Forced Labor

Israel and Hamas Reach Ceasefire Agreement in Gaza Strip

TODAY: Parliament Session to Be Held

Economy

Investment Agreement with "Orano Mining" Company to be Signed Tomorrow

The Mongolian People to Benefit Over 50% from Investment Agreement with Orano Mining S.A.

D.Dalaijargal: By Signing the Investment Agreement for the Uranium Project, We Will Demonstrate Our Independence from Any Country

VAT to be set at five percent with a two percent refund

Protecting the Rights of Minority Shareholders and Addressing Coin Issues

How Countries Implement VAT

BAYANKHONGOR: Parties Exchange Views on Project Implementation

No Timeline for VAT Refund Transfers Yet

HHB to Participate in the World Economic Forum as a Strategic Partner

Together for Sustainable Development

Mongolia Has No Blockchain-Based Coins, All Are Digital Fraud

DARKHAN-ULAAN: Seven Companies with Foreign Investment Hold Mining Licenses

Orkhon: Consumer Goods and Services Price Index Increased by 12.1%

More than 50% of Uranium Revenue to Go to Citizens

Decided to Keep the Policy Rate at 10%

“Tavanbogd” Files Lawsuit Against BoM Governor Regarding Shares in Khaan Bank

O. Nominchimeg: Foreign gambling companies earning huge profits in Mongolia

Diplomacy

VIDEO: During the President's visit, it is planned to sign over 10 documents including "Cooperation in the field of education"

Professor D. Bayarkhuu: There is anticipation that Turkey might become Mongolia's ninth "strategic partner" during the President's visit

President of Mongolia Khurelsukh visits the Republic of Turkey

President U. Khurelsukh Begins Visit to Turkey, Arrives in Ankara

Met with the Ambassador of the European Union and introduced the implementation of an international evaluation system

Chairman of the State Great Khural D. Amarbayasgalan meets with Russian Ambassador A.N. Yevsikov

D. Ulambayar: During the President's visit to Turkey, more than 10 memorandums will be signed and a strategic partnership agreement will be established

The Audit Court of the French Republic Will Collaborate with the State Inspection Committee of Mongolia

President R.T. Erdoğan Officially Welcomes Mongolian President U. Khurelsukh

Head Lama D. Javzandorj Meets Pope Francis

Infrastructure

Power Outage Continues Until 6 PM Due to TPP-4 Station Malfunction

Residents' Dream of Riding the Subway Delayed Until 2030, Feasibility Study Extended by 1.3 km

Possible Locations for Power Outages Today

Fraudsters Nestled in the Construction Sector

Society

Khovd: Joint team of UNICEF working in Khovd province

EVENT SCHEDULE: The police department will provide information on issues related to the demonstration

Mongolians in Chicago are collecting signatures to reject S.Erdene as deputy consul

Reminder Not to Violate Others' Rights During Demonstrations

Mongolians in Chicago Begin Petition Against S. Erdene's Appointment as Deputy Consul

Police Warn that Blocking Roads is Illegal and Urges to Respect Others' Rights

Environment

N.Nomtoibayar: We Will Work with the Parliament and Government to Reduce Air Pollution

Air Pollution in the Bayankhoshuu Area

Studying National Greenhouse Gas Emissions

N.Nomtoibayar: Policies and Decisions to Reduce Air Pollution Are Stuck in 20th Century Thinking

The Permits of 53 Tree Propagation and Forest Restoration Organizations Have Been Temporarily Suspended

Smoke Issue: Standards and Control

Innovation

TELENGHE: Digitizing the Operations of the "Altanbulag" Free Zone

Sports

Participating in the World Economic Olympics

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