Jan 24, 2025 84 min read Daily News Summaries

Mongolia News Summary for January 24, 2025

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

Today's Stories

Politics

EVENT: Political Parties Demand the Dissolution of Parliament and Organize a Press Conference

Published: 2025-01-23 | Translated from: ikon.mn

At 9:00 AM, Deputy Prime Minister S. Amarsaikhan will attend the meeting of the management staff of the Emergency Management Agency. At 10:00 AM, the regular session of the Parliament's autumn session will be held at the State Palace. At 11:30 AM, political parties will demand the dissolution of the Parliament and organize a press conference at the "National Information Center." Warning: Please note that media organizations (Television, Radio, Social Media, and Web pages) must mention the source (ikon.mn) when using our information in any form, either entirely or partially.

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N. Uchral: We need to abolish the system where people call the person who appointed them for rescue

Published: 2025-01-23 | Translated from: gogo.mn

Members are asking questions and receiving answers regarding the draft law being discussed. MP N. Uchral responded to a question asked by MP D. Enkhtuvshin. He stated that the issues occurring in state-owned companies are not unique to our country. With the enactment of this law, governance will become more effective. It will clarify how the government participates. Additionally, state-owned companies are transitioning to a proper system that evaluates performance according to indicators, KPIs, and assessments similar to private sectors, moving towards competition principles. This will increase productivity. However, he urged the working group not to lower the standards. If a company does not reduce its financial losses for three years, it will be grounds for dissolution, accompanied by the budget law. Rather than reducing financial losses by calling the person who appointed them for rescue, this dysfunctional system needs to be abolished now. Therefore, by passing the law, competent professionals who can lead the company will adhere to the law, and the reputation of state-owned company leaders should follow suit. The afternoon session of the Parliament has begun. Discussions are taking place regarding the draft law and accompanying legislative and resolution drafts to improve productivity, transparency, and governance of state-owned and local government companies. Prime Minister L. Oyun-Erdene presented the initiator's report of the law. He said that to maintain stable economic growth in the future, the government is implementing 14 mega projects while focusing on improving the investment and business environment, working in stages. A political decision was made to invite international experts to work with the Economic Council under the Prime Minister.

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Public Opinion to be Included in Tax Law Amendments

Published: 2025-01-23 | Translated from: unuudur.mn

A discussion was held yesterday to incorporate citizens' and businesses' opinions in the amendment of tax legislation. This discussion was organized by the General Department of Customs. It is planned to conduct a series of discussions on the amendment of tax legislation, and this was the first one. Representations from customs broker organizations and citizens participated in the initial activity. Of the 80 customs broker organizations, around 63 organizations' representatives expressed their opinions. They proposed to reduce the taxes imposed on VAT and imported goods. Furthermore, transport brokers and certified customs carriers can participate in tomorrow's discussion, while representatives of customs control, bonded zone holders, and operators in the free zone will have the opportunity to participate next Monday. On the 29th of this month, pharmaceutical and medical equipment importers, and on the 31st, international postal service operators, will exchange views on the taxation law amendments. These discussions are expected to be held at the conference room of the Customs Office in Ulaanbaatar. Similarly, such activities are also being organized by the Association of Certified Tax Consultants. Additionally, there is an opportunity to submit opinions online through the General Department of Taxation's website at mta.gov.mn.

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Kh. Bulgantuya: All government appointments must follow the merit principle 100%

Published: 2025-01-23 | Translated from: gogo.mn

Recently, new appointments were made by selecting candidates for certain positions at the Bank of Mongolia and the Financial Regulatory Commission. Regarding this matter, Kh. Bulgantuya, the Deputy Speaker of the State Great Khural and Member of the State Great Khural of Mongolia, expressed her views against the appointment on her social media page, stating: "A person who has worked for 20 years as a land organizer, and was the deputy director of the Land Relations, Geodesy, and Cartography Agency, was chosen as the head of the supervisory board of the Financial Regulatory Commission. How will the financial sector develop like this? How will citizens trust the financial market? You can make your own evaluations and conclusions." The official who will lead and oversee this sector must be professional and responsible. When we asked her for further clarification, she said, "It seemed that a selection process was carried out by the relevant standing committee from the materials of the candidates. I think the people in our sector have a lack of will and are sitting back with the attitude of 'It’s decided by those above.' Our financial and economic sector people are really great. Only those with high standardized test scores get into the Economics School of the National University of Mongolia, and the Finance and Economics University. Most of the people in this profession have studied and graduated from foreign universities. Considering the progress, the financial sector of Mongolia has developed quite a lot. Therefore, the official who will lead and oversee this sector must be professional and responsible. While there are over 200,000 public servants, on the other hand, the leader is the important official responsible on behalf of others and a determinant of an organization’s development. Therefore, I believe that appointments should follow the merit principle 100%. I expressed my frustration because a non-professional person submitted their materials, participated in the hearing, and then was elected. In addition, citizens and people from the sector have also expressed their dissatisfaction with this appointment and have approached me."

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U.S. to Deploy Troops to Southern Border

Published: 2025-01-23 | Translated from: montsame.mn

The Pentagon will deploy up to 1,500 troops in the coming days to ensure the security of the southern border of the United States, officials announced on Wednesday. This marks the beginning of the implementation of President Donald Trump's plan outlined in his executive order to tighten immigration policy. Acting U.S. Secretary of Defense Robert Salles was expected to sign the order to deploy the troops on Wednesday. However, the specific units that will be sent to the border remain unclear, and the number of troops may change. It is also uncertain whether the troops will perform law enforcement duties. These troops will serve as reinforcements to the approximately 2,500 troops already stationed in the border area. Currently, there are no Pentagon troops deployed at the southern border of the United States. Pentagon troops will assist in transportation and logistics operations, support border patrols, and build barriers. They performed similar roles when D. Trump and former President Joe Biden previously sent U.S. troops to the border. By law, military personnel are prohibited from enforcing law at the border, but this provision might change. D. Trump has ordered the new Secretary of Defense and the Secretary of Homeland Security to report within 90 days whether to implement a law known as the Insurrection Act of 1807. This would enable these troops to be used for law enforcement purposes. The deployment of troops to the border area is planned for the first week of D. Trump taking office. In one of the first executive orders issued on Monday, D. Trump tasked the Secretary of Defense with developing a "border closure" plan and tackling the flow of illegal immigrants. On Tuesday, after relieving the Coast Guard commander, Admiral Linda Fagan, of her duties, D. Trump announced an increase in the number of ships, aircraft, and personnel patrolling the Gulf of Mexico. He also renamed the gulf to the "American Gulf." During his speech at the inauguration on Monday, D. Trump declared a state of emergency in the southern border area of America, announcing an immediate halt to the influx of illegal immigrants and the commencement of operations to return millions of criminals to their countries of origin.

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Economy

Rio Tinto Proposes to Settle Tax Dispute

Published: 2025-01-23 | Translated from: gogo.mn

The company Rio Tinto, which owns 66% of Oyu Tolgoi, has proposed to settle its tax dispute with the government without reclaiming the 1 trillion MNT in taxes paid under audit during the pandemic. In other words, the company is suggesting it will not seek any refunds or pay additional taxes. Discussions on this issue have begun between the parties. Rio Tinto is striving to work cooperatively for mutual benefit as a long-term partner of Mongolia. The Government was taken to the London Court of International Arbitration on claims filed by Oyu Tolgoi. The parties had previously suspended the tax dispute until August 2023. The aforementioned 1 trillion MNT was distributed by the government as 350,000 MNT to each citizen.

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Rio Tinto Proposes $295 Million Settlement to End Oyu Tolgoi Tax Dispute with Mongolia

Published: 2025-01-23 | Translated from: itoim.mn

Rio Tinto Group has proposed to settle the tax dispute concerning Oyu Tolgoi LLC for $295 million, which is approximately one trillion Mongolian Tugrik, aiming to resolve the prolonged issue through mutual understanding with the Government of Mongolia, according to "Financial Review." Specifically, The Australian Financial Review reported that Rio Tinto's Copper Director, Kathy Jackson, wrote a letter last December to Mongolia's Minister of Industry and Minerals, Ch. Tuvshin, offering to resolve the tax claims between 2013 and 2020. In 2018, the Mongolian Tax Authority audited Oyu Tolgoi LLC's operations from 2013 to 2015 and issued a tax assessment. Rio Tinto, the shareholder of Oyu Tolgoi, accepted $4.8 million of the tax assessment. However, payments required by the tax assessor were placed in a special account. The parties attempted multiple discussions to resolve the tax dispute mutually but could not reach a unified solution. Earlier this year, Rio Tinto proposed $295 million to cover the taxes assessed by the Mongolian Tax Authority, including interest and penalties. In her letter, Mrs. Jackson expressed Rio Tinto's willingness to reach a clear and comprehensive agreement to resolve the current tax dispute through mutual understanding with the Government of Mongolia and to prevent any future tax disputes. The Government of Mongolia has not formally responded to the letter. Rio Tinto's spokesperson said, "We are actively working with the Government of Mongolia to reach a mutual understanding on the tax issues. As long-term partners, we focus on achieving a result that benefits all stakeholders. Discussions are ongoing, and further details cannot be disclosed at this time." It is noteworthy that under the tax assessment, the Government of Mongolia preemptively took one trillion and twenty-six billion Tugrik placed in an escrow account by Oyu Tolgoi LLC and used it to distribute 300,000 Tugrik to every citizen during the Covid-19 pandemic. In other words, the Government of Mongolia utilized the funds even though the tax dispute was not fully settled. Additionally, Rio Tinto Group is working to make Oyu Tolgoi one of the largest copper mines in the world, with underground mining operations intensifying. Copper production from the Oyu Tolgoi deposit was 620,000 tons in 2023 and is planned to increase to 850,000 tons by 2025. The copper production is expected to grow by 18% next year and by 40% by 2030, reducing Rio Tinto's dependency on iron ore profits from 77% to 55%, according to estimates.

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Parliament Approves $450 Million Loan Agreement with India for Oil Refinery

Published: 2025-01-23 | Translated from: gogo.mn

The Parliament has approved the Loan Agreement between the Government of Mongolia and the Export-Import Bank of the Republic of India. Specifically, the oil refinery is being constructed with a loan from India. This significant development project has been divided into four sections. The state's commission has received the first phase of the construction (EPC1). An additional $450 million loan will be taken from India for the EPC4 phase. The Parliament session has begun. Today's session will discuss the following: - The bill on ratifying the Loan Agreement between the Government of Mongolia and the Export-Import Bank of the Republic of India. - The draft resolution of the State Great Khural on approving the general development plan of Ulaanbaatar city until 2040 (submitted by the government, whether to discuss it). - The issue of appointing a non-staff member of the Financial Regulatory Commission. - The draft resolution of the State Great Khural on revising the salaries of certain organizations. - The law on supporting the development and construction of Kharkhorum city and related laws and resolutions submitted together (final reading). - The law on improving the productivity, transparency, and governance of state and locally-owned companies and related laws and resolutions submitted together (whether to discuss it). The news team is working to deliver information directly.

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L. Oyun-Erdene: International experts will be invited to work on the Prime Minister's Economic Council

Published: 2025-01-23 | Translated from: ikon.mn

During the autumn session of the State Great Khural (Parliament), discussions are underway regarding the draft law to improve the productivity, transparency, and governance of state and local government-owned companies. In this context, Prime Minister L. Oyun-Erdene presented the draft law in the parliamentary chamber. He stated, "The government is implementing 14 mega projects and is focusing on improving the investment and business environment in stages. In 2021, Mongolia's economic capacity and gross domestic product were 43 trillion MNT, which is projected to double to 82 trillion by the end of 2024. To ensure sustainable economic expansion and establish a new structure, it is necessary to drastically improve the investment environment through human resource development, artificial intelligence, and a green transition. Based on the successful experience of Bahrain, the government has approved a resolution to implement the 'Business friendly' program to diversify the economy, support investments, and improve the business environment. A political decision has been made to invite international experts to the Economic Council under the Prime Minister. The resolution stipulates that world-renowned top specialists will be invited to work in Mongolia, with gold, silver, and bronze medals to be awarded. Comprehensive analysis of the legal environment from registration to bankruptcy in terms of investment, tax environment, and business operations is being prepared for discussion at the spring session of the State Great Khural. The draft law to improve the productivity, transparency, and governance of state-owned companies is being submitted to the State Great Khural today. Since 2012, the Organization for Economic Co-operation and Development (OECD) has identified governance crises in 44% of state-owned companies due to the inefficiency of boards of directors, political influence in appointments, and low productivity of human resources. Although 120 state-owned companies are operating, 10 companies account for 80% of the total profits, while 43 entities are operating at a loss. Previously, three similar draft laws were submitted by the government to the State Great Khural but failed due to lobbying by state-owned companies which hindered legal reforms.

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Khan Bank Signs $200 Million Multi-Currency Syndicated Loan Agreement

Published: 2025-01-23 | Translated from: gogo.mn

Khan Bank has signed a long-term joint financing agreement worth $200 million in order to contribute to sustainable development, support micro, small and medium enterprises, and increase green financing. The Netherlands Development Finance Company (FMO), which has been a long-term partner of Khan Bank since 2009, organized the syndication. The financing is provided in cooperation with Italy’s development finance institution (CDP), Finland’s development finance institution (Finnfund), BlueOrchard, ILX, Nations Trust Bank, Invest in Visions, Atlantic Forfaiting, and other renowned international development banks, financial institutions, and investment funds. The $200 million will be given to Khan Bank in multi-currency form under a syndicated loan arrangement for up to 5 years. Of the joint financing, $40 million will be provided by the FMO in Mongolia’s national currency, the tugrik, which is a unique feature of this agreement. This financing marks a new milestone in Khan Bank's history as it is the largest syndicated financing deal with the most international financiers involved, and the first multi-currency syndicated financing in Mongolia’s banking sector. Khan Bank will allocate 30% of this financing to green loans and projects, while 70% will be directed towards supporting women and young entrepreneurs, agribusiness, and sustainable wool and cashmere businesses to enhance green financing, improve financial inclusion, and contribute to sustainable economic growth. Due to its geographic location and harsh climate, Mongolia faces unique environmental challenges and is particularly susceptible to global climate change. Climate change has significant impacts on Mongolia's agriculture, crops, and fragile ecosystems, affecting people's livelihoods and the country's development, according to the World Bank Group. Although green loan financing is in its early stages in Mongolia, Khan Bank is leading in this field. In 2015, Khan Bank introduced its first green loan product to the market, laying the foundation for its green loan portfolio. Khan Bank is committed to significantly increasing sustainable, green financing, having already achieved major successes, such as issuing Mongolia’s first Green Bond in 2023 and the first Social Bond in 2024. The bank aims to ensure that by the end of 2026, 10% of its total loan portfolio will be comprised of green loans, and 15% of gender financing loans, in support of sustainable development and social well-being. The syndication includes a component aligned with the 2X Challenge, an international initiative to empower women and increase their participation in developing markets. By organizing this joint financing, FMO has established new partnerships of private and development financiers with Khan Bank, thus valuably supporting the strategy for sustainable development and providing long-term financing. During the contract signing ceremony, Uugantsetseg T., Deputy Director responsible for Corporate Banking at Khan Bank, emphasized their mission to make a long-term positive impact on society and the environment together with its customers. "We will dedicate this financing to solving many challenges and issues facing Mongolia's environment and society. Thanks to FMO's advice, support, and assistance, we have established new relationships with renowned international financiers. We also appreciate the confidence and support from FMO in contributing to building a greener, more inclusive Mongolia," she noted. FMO's Director of Financial Institutions Juan Jose Dada said, "We are pleased to reach a new level of partnership with Khan Bank through this successful multi-currency long-term joint financing agreement. This agreement not only strengthens our collaboration but also signifies our commitment to sustainable economic development and combating climate change. We will continue to contribute to reducing inequalities, supporting green financing, and fostering all micro, small and medium enterprises operating in Mongolia," he stated. In its role as Italy’s development finance institution, CDP provides $20 million to support Mongolia's green sustainability, micro, small, and medium enterprises, including those in the sustainable cashmere sector. CDP's Director of International Cooperation, Financial Services, and Corporate Finance, Cristina Morelli, remarked, "This financing is a crucial step in expanding economic opportunities and supporting innovation in the Eurasia region. Such collaboration is essential for creating new opportunities and driving real change, and we are pleased to be part of initiatives aimed at supporting business and local development," she shared. Furthermore, Kiav Latt, Financial Institutions Investment Manager at the Finnish development finance institution, Finnfund, expressed delight in participating in the FMO-led syndicated loan alongside private investors and other development banks. "This long-term financing will contribute to Khan Bank's goal of distributing green and inclusive financing to entrepreneurs and clients throughout Mongolia and addressing climate change challenges. This investment aligns well with Finland's priorities, which include empowering women, promoting actions against climate change, accelerating a clean transition, and ensuring economic growth through SMEs," she concluded. About Khan Bank: Khan Bank is Mongolia's largest commercial bank, providing services to 82% of the population through 547 branches nationwide and all types of electronic channels. As a leading national bank, Khan Bank supports sustainable development, drives digital transformation, and maintains a customer-centric policy, delivering comprehensive financial services to urban and rural citizens, micro, small, and medium businesses, as well as large enterprises. About the Netherlands Development Finance Company (FMO): FMO is a leading international impact investor supporting sustainable private sector growth in developing countries by investing in high-purpose projects, programs, and entrepreneurs. It believes a strong private sector fosters economic and social development. FMO's experience spans over 50 years, supporting entrepreneurs for more inclusive, productive, flexible, and sustainable economies, focusing on three high-impact sectors: agri-food-water, energy, and financial institutions. With over €13 billion invested in 85 countries, FMO ranks among the largest bilateral private sector development banks globally. About the Italian Development Finance Institution (CDP): CDP is Italy's government-appointed international development finance institution, supporting sustainable development for Italy and its partner countries. CDP backs economic growth, social inclusion, and ecological transitions through investments in innovation, business competitiveness, infrastructure, and national development. About the Finnish Development Finance Institution (Finnfund): Finnfund is Finland's development bank that focuses on impact investing. It invests in businesses and projects addressing global development challenges, contributing to sustainable future long-term impact. Annually, it selects 20-30 organizations in developing countries for investments of €200-250 million. Key sectors include renewable energy, sustainable forestry, agriculture, financial institutions, digital infrastructure, and digital solutions. With total investments of €1.23 billion, half of Finnfund's investments are in Africa.

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Mongolian Millennium Challenge Account: Open Job Announcement

Published: 2025-01-23 | Translated from: ikon.mn

MONGOLIAN MILLENNIUM CHALLENGE ACCOUNT (MCA-MONGOLIA) OPEN JOB ANNOUNCEMENT PROJECT MANAGER FOR WATER SECTOR SUSTAINABILITY The Project Manager for Water Sector Sustainability will support the implementation of sector policies, regulatory adjustments, and institutional reforms to ensure long-term sustainability of Ulaanbaatar's water supply system. This role involves leading the necessary activities to sustain long-term water service pricing reforms that promote social equity and integrating these with public habits and attitudes change initiatives. The position involves organizing sub-activities aimed at cost-recovery, including technical assistance and public outreach to change perceptions of water value and real costs, devising and implementing risk-reduction strategies for the project. In executing these duties, the Project Manager will work closely with the team for Water Sector Sustainability within MCA-Mongolia and other teams, reporting to the project director. Additionally, the manager will oversee the activities and performance of a Social Participation Specialist and a Public and Stakeholder Engagement Specialist. Key responsibilities: - Direct and monitor the implementation of sub-activities aimed at cost recovery in accordance with progress, planning, MCC requirements, and relevant laws and regulations of Mongolia, managing a broad range of issues, including potential risks during execution, to support the project director for Water Sector Sustainability. - Consider social equity and purchasing power issues in implementing the cost recovery plan for service operators, supporting tariff reforms and implementation, strengthen regulatory and service operator capacities, and manage sub-activities to change public attitudes regarding water service pricing. - Lead and organize the execution of all implementations of cost-recovery technical assistance and coordinate effectively with sub-activities aimed at changing public attitudes and habits. Additionally, align efforts with sub-activity implementations for reducing service costs in Ger areas to ensure the collection of user information. - On behalf of MCA-Mongolia, lead the organization of activities with collaborative parties, consultants, and contractors involved in cost recovery sub-activities, ensuring alignment with implementing organizations and relevant government bodies for effective coordination and timely achievement of objectives, ensuring compliance with relevant rules, regulations, and directives. - Manage relationships and collaborations with the private sector, public utilities, NGOs, and civil society established by MCA-Mongolia. - Supervise two specialists responsible for cost recovery sub-activities. - Execute other tasks assigned by the project director. Professional requirements: - Education: Master’s degree in development studies, management, finance, business, engineering, economics, public administration, or other relevant fields. - Work experience: At least seven years of experience with government agencies, water service providers like Ulaanbaatar Water and Sewage Authority, public utilities, private offices, NGOs. - Solid understanding of economics, business, water sector, urban and local government policy, planning and management environments, and their social impacts. - Experience collaborating with multi-stakeholder teams, working groups, or policy-making organizations. - Experience with international development programs is advantageous. - Experience overseeing consultant and contractor work, and in contract management. - Ability to work effectively in teams, with strong communication skills, ability to establish and maintain productive partnerships with domestic and international stakeholders. - Ability to supervise the performance of two specialists and provide independent support, practical advice, and guidance. Language skills: - High proficiency in written and spoken Mongolian and English (ILR Level 3 or above). Core skills for the position: - Experience working with government agencies, corporations or donor organizations, and effective team management skills. - Ability to compile, analyze, and interpret necessary information and data for decision-making. - Well-organized and outcome-focused, capable of translating Compact Agreement strategies and objectives into detailed work plans. - Ability to work closely with team members for unified objectives and develop trust and partnership relations with relevant stakeholders. - Skilled at identifying and proposing methods for reducing or eliminating risks. - Proficiency in Microsoft Office and relevant professional application software. - Responsible, capable of multitasking, problem solving, and effective communication. - Ability to handle workloads and organize and plan work effectively. CONTACT INFORMATION: Send your English CV, cover letter, diploma copy, and other relevant documents to hr@mca-mongolia.gov.mn. (SPECIFY THE JOB TITLE). No fees or charges are required during any stage (application, interview, report preparation, training) of the selection process. For information on the selection process, call 7711-1710 during working hours. Only shortlisted candidates will be contacted. Note Media organizations (TV, Radio, Social media, Websites) must cite the source (ikon.mn) when using our information in any form.

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A Substantial Reform in State-Owned Enterprise Governance

Published: 2025-01-23 | Translated from: news.mn

Prime Minister of Mongolia, L. Oyun-Erdene, presented a draft law on improving the productivity, transparency, and governance of state and locally owned enterprises. He delivered a speech at the Parliament session outlining the full details. He stated, "Chairman of the State Great Khural, distinguished members, in order to implement the long-term development policy Vision 2050 and maintain the rapidly growing economic growth post-pandemic, the government is focusing on 14 mega projects and improving the investment and business environment. Although Mongolia's economic capacity doubled from 43 trillion MNT in 2021 to 82 trillion in 2024, further improvement in investment and business environment, human resources, artificial intelligence, advanced technology, and green transition is needed to build a new economic structure. In yesterday's Cabinet meeting, the 'Business Friendly Mongolia' program was discussed, and based on successful models like Bahrain's diversified economy, a government resolution to improve the investment and business environment was passed. This includes inviting leading international experts to join the Prime Minister's Economic Council. The resolution provides for offering Gold, Silver, and Bronze Gerege to these experts invited to Mongolia. Taking into account previous successes such as implementing the E-Mongolia program using Estonia's e-transition model, we are preparing for comprehensive reform of investment, tax, and business environments to be submitted to the Parliament's spring session. Within the unified objective of improving the business environment, we are submitting a draft law to Parliament aimed at enhancing the productivity, transparency, and governance of state-owned enterprises. From 2012 onwards, the OECD pointed out issues like ineffective boards, politically influenced appointments, and unproductive human resources leading to governance crises in 44% of state-owned enterprises. Among over 120 state-owned companies, only 10 generate 85% of all profits, with 43 operating at a loss. Although previous legislative attempts failed due to lobbying by state-owned enterprises, I believe the new 126-member mixed parliament, having resolved major development project stalemates before, can execute an unprecedented reform in state-owned enterprise governance. Upon passing this law, governance standards for state-owned enterprises will align with OECD principles, organizing mining companies under the 'Erdenes Mongol' group and non-mining companies under the 'Erchist Mongol' group using international management systems to improve efficiency and evaluation. Enterprises not complying with OECD principles will either be merged, dissolved, privatized, or transformed into public service organizations. This restructuring aims to reduce function duplication, costs, and halve the number of state-owned enterprises. Put simply, strategically important state-owned enterprises affecting national security, which cannot be privatized, will be aligned with international governance principles, while other companies will be restructured under this law. Chairman of the State Great Khural, esteemed members, please decide on discussing the draft law and accompanying legislative proposals aimed at improving the productivity, transparency, and governance of state and locally owned enterprises.

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Mongolian MCA: Hiring for Finance and Accounting Specialist

Published: 2025-01-23 | Translated from: itoim.mn

MONGOLIAN MILLENNIUM CHALLENGE ACCOUNT (MONGOLIAN MCA) OPEN JOB ANNOUNCEMENT FINANCE AND ACCOUNTING SPECIALIST The finance and accounting specialist will work under the direction of the Financial Director to implement the financial management and accounting activities of the Mongolian MCA. This will include developing quarterly and annual financial plans of the Mongolian MCA, monitoring and executing daily financial transactions, recording expenses and fixed assets, consolidating and reviewing financial documents, preparing periodic reports, and performing other necessary tasks according to the relevant rules, regulations, and guidelines of the Government of Mongolia and the Millennium Challenge Corporation (MCC). Main Responsibilities: - Understand and implement the Mongolian MCA's financial accountability plan, MCC's expense principles, and other relevant financial rules and regulations. - Develop budget drafts and financial plans, prepare and approve quarterly financing and spending plans. - Support financial operations in all necessary aspects, ensuring smooth and uninterrupted cash flow, and propose improvements as needed. - Advise and support the management and staff of the Mongolian MCA on financial accountability and cost principles. - Prepare periodic financial reports, analyze expenditures, and create additional reports as needed for financial monitoring. - Regularly assess risks related to financial operations and notify the Financial Director of any potential issues. - Prepare tax, VAT, and social insurance reports in a timely manner and execute budget expenditure according to approved plans, budgets, and related financial rules and regulations. - Compare operational progress with general budget allocation and expenditure. - Assist the Financial Director in ensuring compliance with relevant laws, rules, regulations, and Compact agreements of Mongolia. - Monitor budgets and daily transactions, foresee issues related to overspending or underspending, and propose corrective actions to management as appropriate. - Review transaction documents to ensure accuracy and completeness. Qualifications: Education: - Bachelor’s degree or higher in finance, accounting, or business administration. Professional accountant or equivalent qualifications are an advantage. Experience: - At least 3 years of work experience in financial management. Experience working in or with government or international development organizations is an advantage. - Ability to analyze numerical data. Language Skills: - High proficiency in both written and spoken Mongolian and English (ILR Level 2 or higher is preferred). Key Skills: - Well-organized, results-oriented mindset, able to translate the Compact strategy and objectives into a specific work plan. - Ability to work collaboratively towards a unified goal, establishing confident partnerships with stakeholders. - Proactively anticipate potential challenges and propose effective solutions. - Excellent negotiation skills. - Proficient in Microsoft Office and other professional software. - Quickly grasp current issues and make informed decisions based on information. - Capable of handling workload and organizing and planning work effectively to achieve results. - Gather and analyze necessary information and data for self and others to make informed decisions. Contact Information: Submit your resume in English (Curriculum Vitae), cover letter, copy of diploma, and any other necessary materials to hr@mca-mongolia.gov.mn. (Specify the JOB POSITION). Only candidates selected for the initial screening will be contacted. For information regarding the selection process, call during business hours at 7711-1710. No charge fees or payments to Mongolian MCA or its representatives during any phase (application, interview, report preparation, training, etc.) of the selection process.

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State-Owned Company Executives May Face Liability for Losses

Published: 2025-01-23 | Translated from: gogo.mn

The Head of the Cabinet Secretariat, N. Uchral, introduced to Members of Parliament the draft law aimed at improving the productivity, transparency, and governance of state and locally owned enterprises, along with related legal and regulatory proposals. The draft law seeks to address several pressing issues. It proposes holding the executives of state and locally owned companies accountable if they operate at a financial loss, fail to implement business plans, and perform inadequately according to performance evaluations and audit conclusions, by restructuring or dissolving these companies. Specifically, it is considered necessary to clarify the rationale, procedures, and criteria for establishing state and locally owned companies. It was noted that the involvement of state and local governments in commercial activities without thorough research, establishing entities, competing with the private sector, and participating in the market negatively affects the increased participation of the private sector in the economy and the promotion of competition. State-owned companies and factories manage a budget comparable to the national budget, yet their efficiency, return on investment, and financial discipline are weak, operating inefficiently and at great losses compared to the assets and financial resources they possess, as described in the initiator's report. By the end of 2023, a total of 99 entities with state ownership or participation were assessed with a collective net profit. "Erdenes Tavan Tolgoi" LLC, "Erdenet" Factory, "Erdenes Mongol" Agricultural Corporation, and State Bank combined to generate 4.75 trillion MNT, while 51 other entities contributed 380 billion MNT. However, 43 entities operated at a loss, with total losses reaching 150 billion MNT. Additionally, based on the audited financial statements of 2023, a general risk assessment was conducted using the financial criteria employed by the IMF, resulting in 23 entities classified with moderate risk and 20 entities classified with high risk regarding their return on assets.

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Plenary Session: Ratification of the Loan Agreement with India

Published: 2025-01-23 | Translated from: news.mn

The regular session of the State Great Khural (Parliament) began today at 10:00 AM. The development and support law project of Kharakhorum city and the accompanying law proposals are being discussed. MP S. Zulpkhar presented the conclusions of the Standing Committee on State Structure. MP B. Bayarbaatar stated that two provisions regarding land occupation and usage rights that failed to pass in the last session could be resolved under the Land Law. President Khurelsukh signed a memorandum during his visit to Turkey, setting up an environment for legal investment. It is essential for Parliament to approve the city's concept to legalize investment openings. However, since Parliament will not reconvene until March 15, this might not be approved until then. MP G. Temuulen explained they are conducting the final discussion of the law to restore the historical capital. The concept and master plan of the city's development is brought to Parliament for approval, which is considered proper for major policy matters. MP S. Erdenebold discussed planning phases till 2050 for the city development, indicating ownership standards need to be established for future capitals. MP S. Erdenebat raised concerns about not allowing property use, which could hinder city operations and investment. He stressed dialogue on acquiring land rights. Later in the session, the law concerning the ratification of the loan agreement between the Government of Mongolia and the Export-Import Bank of India was discussed. MP D. Amarbayasgalan reported on the working group’s findings, led by the Finance Minister B. Javkhlan. The loan agreement was approved with the support of 69 members, accounting for 88.7%. The session proceeded with urgent discussions on the new Zuunmod city's legal status amendment law, which was submitted by the government on January 22, 2025. The draft was referred to the Standing Committee on State Structure after being supported in an urgent vote by 55 members, totaling 67.1%. Additionally, the late President P. Ochirbat was honored. The Speaker of the Parliament, D. Amarbayasgalan, requested members to pay respects by standing, following the announcement of his passing on January 17, 2025, at the age of 83. The session planned to address a total of eight issues today, as specified in the legislative procedure of the Parliament.

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Digital Loan Providers Violating the Law

Published: 2025-01-23 | Translated from: unuudur.mn

Mongolians are living in the digital world, where space and time are not limited, and access can be obtained from anywhere as long as there is an internet connection. The advantages of the digital environment are that as long as you have the technology, you can connect to the digital network from anywhere in Mongolia, from the mountains of the taiga to the deserts of the Gobi. As digital use increases, so do illegal activities associated with it, causing people to suffer losses or even face life-threatening situations. At the same time, companies offering digital loan products are violating the law. In other words, businesses that profit by providing loan products based on smartphones, tailored to the needs of citizens, are engaging in illegal activities. Some citizens voice their criticism of electronic loan services on social networks. For example, one citizen noted, "Loan applications granting unsecured loans are pushing people into financial stress and debt. When they can't repay a loan from one app, they take another, sinking further into debt. There needs to be a legal regulatory measure to monitor and warn about this." With high unemployment, poverty, and inflation, people are living from loan to loan, borrowing from one app to pay off another, which is the reality. Therefore, to increase their safety and security, citizens should enhance their knowledge and use of the digital environment. Let's deliver information based on real facts. "Storepay," which violated the law, was fined 40 million. In an era where digital loan applications fit in our palms, they are supporting citizens' financial needs. However, taking advantage of this demand, loan applications have proliferated, with some violating Mongolian laws. A clear example is the actions of those at "Storepay," an app backed by Singaporean investment. The Financial Regulatory Commission opened a case against "StorePay" LLC, suspecting non-financial entities of operating a business or activity requiring a financial institution's license. As a result, the company was fined 40 million tugriks for conducting factoring services without authorization from the Financial Regulatory Commission, under Article 11.5-1 of the Law on Violations. "Storepay" LLC objected to this and lodged a complaint with the Administrative Court of First Instance in the capital. In their complaint, they stated: "BNPL (buy now, pay later) services, which are internationally recognized, are not specifically regulated by Mongolian law. Our contracts operate on the principle of allowing civil law relations, with 'Storepay' providing real savings and opportunities during its operation period, with no complaints lodged by authorized organizations or partnering merchants. Merchants, who sell their products and services, transfer their rights to demand payment from clients to 'Storepay' LLC as per an agreement, and the company exercises this right via the app. This innovative factoring service uses advanced technology. Mongolian law does not specifically regulate 'buy now, pay later' or installment services nor factoring services, yet our service was classified under a narrow legal definition leading to the unlawful application of the Law on Violations. We made agreements with many merchants, and since financing is necessary when someone chooses installment service, investment was needed, leading to foreign investment in 2021 from Singapore. As this service is not regulated, there are no significant legal or financial risks, thus investor rights should be protected. The fine was imposed by the Financial Regulatory Commission to protect the financial market; therefore, we request the penalty be annulled." Although the law stipulates the confiscation of ill-gotten assets, this provision was not applied. The Financial Regulatory Commission had inspected "Storepay" LLC and argued it was conducting factoring services, involving financial operations facilitated by securing receivables with a factoring company, involving a three-way relationship between the seller, buyer, and factoring company. The company's activities are seen as part of non-bank financial operations, specifically outlined under Article 4.1.2 of the Law on Non-bank Financial Activities, describing factoring services. The law also defines granting permission for non-bank financial services activities. Seen under these regulations, "Storepay" LLC was in violation. The First Instance Administrative Court, with ample justification, upheld the Financial Regulatory Commission's decision to fine the company 40 million for operating factoring services without the appropriate license. The court agreed that "Storepay" activities, which transfer payment claims from a creditor (merchant) to an app handling these responsibilities upon buyer approval, qualify as factoring services. Hence, the court dismissed "Storepay's" full claim. However, no confiscation of assets was enforced, with the court's decision noting, "The punishment imposed was limited to the fine without applying asset confiscation, not worsening the plaintiff's legal status." "Storepay" LLC's director and ultimate owner, Mr. N. Hangal, along with their legal representative, appealed to the Administrative Court of Appeals, which upheld the previous ruling. Following this, "Storepay" petitioned the Supreme Court but withdrew their lawsuit after securing a special non-bank financial and factoring authorization from the Financial Regulatory Commission. Personal Data Breach at "LendMN" One of the most well-known apps among citizens is "Lend.MN." In September last year, we detailed how digital scammers targeted this fintech product's users. Users who openly commented under the company's official Facebook page were often scammed through fake profiles masquerading as "Lend.MN" staff offering loans for a share. Moreover, an incident displayed a violation where an employee at "Lend.MN" could access individuals' personal information unlawfully. Despite being involved in a scheme where personal information obtained through official capacities was used for personal benefit, no accountability followed. Specifically, employee S.A., using an individual's data named M.O., obtained a 250,000 MNT loan on the company's app for personal use, transferring funds to an acquaintance's bank account. After investigations, the matter concluded without any criminal liability, urging the company to enhance data security and protection through a Prosecutor's notification. Therefore, citizens must protect personal information, ensure app and company operations conform to legal standards, exercising caution before opting for shortcut financial solutions through loans or investments.

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Bank of Mongolia: Exchange Rate Tends to Weaken in January and February Every Year

Published: 2025-01-23 | Translated from: ikon.mn

In recent months, the exchange rate of the Mongolian tögrög against the US dollar has gradually weakened. When inquiring with the Bank of Mongolia about the reasons for this, the following response was provided. As of January 21, 2025, the exchange rate of the tögrög announced by the Bank of Mongolia against the US dollar reached 3,433.03 tögrög, depreciating by 12.57 tögrög or 0.37% since the beginning of the year, and by 26.52 tögrög or 0.78% compared to the same period last year. Seasonal fluctuations are observed in the Mongolian economy, and in terms of the foreign exchange market, there is a tendency every year for the exchange rate to weaken in January and February. This is related to the Lunar New Year celebrations, increased travel abroad, and the slowdown in the mining sector's operations during the cold season, leading to a decrease in foreign exchange earnings and an increase in demand. Considering the current macroeconomic situation, the information on currency transactions passing through the banking system as of January 20, 2025, shows that outgoing flows were higher than incoming ones. Specifically, export revenue decreased by 47% as of January 20, 2025, compared to the same period last year. According to Bloomberg agency, the international coal market prices decreased by 7.61% compared to the same period last year and by 6.81% since the beginning of 2025. Additionally, the coal revenue traded on the Mining Exchange decreased by 80% compared to the same period last year. The import value of goods and products increased by 6% during the corresponding period, while travel abroad grew by 39%. In the Mongolian foreign currency market, a few large enterprises constitute the supply of foreign currency while demand is met by numerous relatively small businesses. Therefore, the Bank of Mongolia intervenes in the foreign exchange market when necessary to reduce short-term sharp fluctuations in the exchange rate. Warning: Media organizations (TV, Radio, Social, and Web pages) are reminded to cite the source (ikon.mn) when using our information in any form, fully or partially.

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Looking for a Sales Representative in the Beverage Industry

Published: 2025-01-23 | Translated from: ikon.mn

We are looking for a new team member to join as a sales representative. Salary: 200,000₮ per day + Additional Opportunities Sector: Beverage Market ✅ Additional Opportunities:
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Transport Development Bank's Q4 2024 Financial Report Released

Published: 2025-01-23 | Translated from: ikon.mn

As of December 31, 2024, the total assets of the Transport Development Bank reached 1.1 trillion MNT. During the reporting period, as a result of improving asset quality and ensuring the growth of resources, net profit reached 11.6 billion MNT, and the loan risk-bearing capacity ratio increased by 26 percentage points to reach 87% compared to the previous year's performance. The benchmarks set by the Bank of Mongolia for the ratio are at an appropriate level. The quick liquidity ratio was 31.8%, exceeding the minimum level of the own capital adequacy ratio by 13.2 percentage points, reaching 25.2%. During the reporting period, the Transport Development Bank improved and perfected customer service culture and standards, enhanced risk management and internal operations quality, which led to increased service accessibility, scope, efficiency, and competitiveness, as well as improved long-term financial capacity and stability. Warning: Media organizations (Television, Radio, Social platforms, and websites) must mention the source (ikon.mn) when using our information in whole or in part in any form.

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Diplomacy

Mongolian and Chinese Border Posts to Rest for Three Days

Published: 2025-01-23 | Translated from: unuudur.mn

The Chinese Spring Festival, known as the Lunar New Year, will occur from January 29 to 31. In connection with this, the Border Protection Agency announced that some border posts will be closed. Specifically, the Zamyn-Uud, Gashuunsukhait, Shiveekhuren, Khankh, Khavirga, Bichigt, Burgastai, Sumber, and Bayankhoshuu border crossings will rest for three days in accordance with the laws of the southern neighbor. However, the Bulgan-Takashiken border post will operate according to its regular schedule. The temporary closure of these border posts is mutually agreed upon through diplomatic channels as part of the inter-governmental agreement on Mongolian-Chinese border posts and their regulations.

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Deputy Prime Minister T. Dorjkhands Meets Official Representatives During the Davos Summit

Published: 2025-01-23 | Translated from: montsame.mn

Ulaanbaatar - Mongolia's Deputy Prime Minister and Chairman of the National Energy Committee, T. Dorjkhands, participated in the World Economic Forum in Davos, where he is meeting with relevant officials from various countries. The Kingdom of Saudi Arabia has once again expressed its interest in investing in the energy and agriculture sectors. While attending the World Economic Forum, Mongolia's Deputy Prime Minister T. Dorjkhands met with Khalid Al-Falih, Saudi Arabia's Minister of Investment. During the visit of Prime Minister L. Oyun-Erdene to Saudi Arabia in December 2024, they discussed cooperation in the green energy sector. The parties agreed to bring these discussions to the next level and explore collaboration in other sectors. Deputy Prime Minister T. Dorjkhands provided information about the 14 mega projects being implemented by the joint government, as well as the environment for mining and investment, and exchanged views on investment opportunities in Mongolia. The Minister of Investment of Saudi Arabia, Khalid Al-Falih, expressed high interest in investing in Mongolia, highlighting potential effective cooperation in the energy sector. It was agreed that the governments of Mongolia and Saudi Arabia would work towards concluding agreements and memorandums of understanding on cooperation in the renewable energy sector. The UAE Minister of Cabinet Affairs received Deputy Prime Minister T. Dorjkhands. Building upon discussions during Prime Minister L. Oyun-Erdene's visit to the United Arab Emirates in December 2024 on renewable energy cooperation, they spoke of progressing the dialogue to the next stage. They also discussed the establishment of a memorandum of understanding in the near future with the UAE's Ministry of Energy and Infrastructure and leading renewable energy company MASDAR. The UAE Minister of Cabinet Affairs, Mohammad Abdullah Al Gergawi, expressed a desire to establish a Joint Economic Committee between the two countries, inviting Deputy Prime Minister T. Dorjkhands to visit the UAE and participate in the "World Government Summit" in Dubai. Mongolia signed a memorandum of understanding with "Envision" company in the energy sector. The National Committee on Energy signed a memorandum of cooperation with "Envision" Group, a global leader in green technology. The memorandum outlines cooperation in implementing the "Vision 2050" long-term development policy and the "New Revival" policy, including the establishment of a 500 MW energy battery storage station, exporting renewable energy, and creating green jobs. Deputy Prime Minister and Chairman of the National Committee on Energy Reform T. Dorjkhands highlighted the significant contribution of "Envision" Group's successful solutions in fully utilizing Mongolia's renewable energy resources and establishing a reliable energy infrastructure to support regional sustainable development. The Chairman of the Board of "Envision" Group, Zhang Lei, expressed confidence that this partnership would positively impact Mongolia's climate change goals and accelerate its economic development. The Chinese "Envision" Group, in cooperation with the International Finance Corporation, is constructing a 50 MW/200 MWh energy storage station in Ulaanbaatar's Baganuur district, scheduled for completion before this winter's peak demand, according to ZGHMONGKHG.

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Infrastructure

Resolution to Provide Guidance to the Government on the Oil Refinery Project Adopted

Published: 2025-01-23 | Translated from: isee.mn

The Standing Committee on Industrial Development Policy of the State Great Khural met today to decide on three issues. Firstly, the proposal by Member M. Sarnai to join the working group established to examine the production and technological operations of "Tavantolgoi Fuel" JSC and to prepare related recommendations and conclusions, as well as to draft a decision project, was discussed. The majority of members present supported the draft resolution of the Standing Committee on this issue, leading to the adoption of the "Resolution on Amending the Resolution" by the Standing Committee. Next, the draft resolution approving the guidance for the activities of the working group tasked with issuing relevant proposals and conclusions, and drafting a decision project within the framework of supporting and promoting household, micro, small, and medium enterprises was discussed. This working group, chaired by Member M. Badamsuren, was established by the Standing Committee on Industrial Development Policy in its meeting held on January 15, 2025. The draft resolution on approving the guidance for the working group's activities includes a mandate to prepare presentations, proposals, conclusions, and decision projects in accordance with relevant laws and regulations, and to present them to the Standing Committee during the 2025 spring session of the State Great Khural. Further, during the committee meeting, the third issue discussed involved the draft resolution "On Providing Guidance to the Government on Implementing the Oil Refinery Construction Project." This draft resolution was prepared by the working group headed by Member L. Munkhbayasgalan, which is responsible for overseeing the "Mongolian Oil Refinery" project. In his presentation on the draft resolution, L. Munkhbayasgalan mentioned that during the working group's activities, the Government of Mongolia urgently submitted a proposal for additional loans from the Exim Bank of the Republic of India for approval by the State Great Khural. Although the group was scheduled to report during the 2025 spring session, due to the urgency of this matter, the draft resolution was expedited. The draft resolution aims to improve cost control of the oil refinery project by appointing a team of high-level Mongolian experts to oversee design, procurement, and construction activities both in India and other countries. It also entails presenting the project's progress to the State Great Khural regarding annual budget execution and ensuring the completion and operation of the refinery by the first quarter of 2028, without additional state funding or foreign loans, and with comprehensive cost and implementation oversight. Several members of the State Great Khural, including B. Uyanga, S. Zamira, Kh. Zhangabyl, D. Batbayar, D. Purevdavaa, B. Tulga, G. Ganbaatar, and D. Uuriintuya, as well as the Chairman of the Standing Committee, S. Ganbaatar, raised questions, expressed views, and made proposals related to the draft resolution. The resolution is set to be implemented swiftly, with reports on its progress to be presented to the Industrial Development Policy Standing Committee of the State Great Khural during the 2025 spring session. Ultimately, a vote on the instructions to the government to approve the resolution resulted in support from a majority of the members present, amounting to 60.0%, and the resolution was adopted, according to the State Great Khural’s Press Office.

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Negotiations on Gashuunsukhait-Gantsmod Port Railway Project

Published: 2025-01-23 | Translated from: unuudur.mn

The government meeting yesterday decided to consult with the relevant standing committees of the Parliament on the project to establish a cross-border railway at the Gashuunsukhait-Gantsmod port, coal trade, and cooperation to increase the capacity of the Tavan Tolgoi coal mine under a new agreement between the governments of Mongolia and the People's Republic of China. This agreement aims to create long-term stable economic growth for both sides. In particular, it plans to develop the purchase and sale of coal agreements among state-owned legal entities on mutually beneficial and stable supply principles, and to regulate relations related to increasing the capacity of the mines in the coal deposits. Additionally, it should be noted that the government's action program for 2024-2028 includes the implementation of 14 mega projects, with the first being the construction of cross-border railways and cargo transfer terminals at the Gashuunsukhait-Gantsmod, Hangi-Mandal, and Shiveekhuren-Sekh ports.

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Resolution Adopted to Instruct the Government on Implementing the Oil Refinery Project

Published: 2025-01-23 | Translated from: itoim.mn

The Standing Committee on Industrialization Policy of the Parliament has adopted a resolution titled "To Provide Instructions to the Government on Implementing the Oil Refinery Project" during its meeting. The draft resolution was developed by a working group responsible for overseeing the construction of "Mongolian Oil Refinery," led by Member of Parliament L. Munkhbayasgala. During discussions related to the resolution draft, members asked questions and received answers. The resolution aims to improve cost control of the oil refinery project by appointing a team of Mongolian high-level specialists to monitor and participate in projects related to design, procurement, and construction being carried out in the Republic of India and other countries. It mandates reporting on the "Mongolian Oil Refinery" to the Parliament during the budget performance review period each year, without providing additional state financing or using domestic or foreign loans, ensuring the refinery is operational by the first quarter of 2028. Annual plans for construction and commissioning of the refinery should be approved and monitored. Performance audits of the project's 2020-2024 construction activities should be conducted and reported to the Parliament. The resolution also emphasizes accountability for relevant officials if the annual work plan implementation is unsatisfactory and requires policies to ensure full supply of domestic crude oil when the refinery becomes operational. Member of Parliament D. Uurintuya explained that there is no alternative but to issue this resolution by the Standing Committee in the current circumstances. This resolution is related to the construction and oversight of the refinery, not connected to the loan agreement presented by the Government for approval. Committee Chair S. Ganbaatar inquired about detailed information on the project's feasibility study, crude oil and water supply guarantees, economic efficiency calculations, technical designs, and whether the main contractor and client are separate entities. Minister of Industry and Mineral Resources Ts. Tuvaan stated that additional loans are being initiated by the Government of Mongolia. It is possible for the Parliament and the Government to jointly oversee and monitor the implementation of the project. Additionally, Chief of the Petroleum Policy Implementation Coordination Division of the Ministry of Industry and Mineral Resources, Ch. Khishigdalai, informed that the project's feasibility study has been submitted to the Parliament's Secretariat under the State Secrets Law.

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CONTENT OF THE AGREEMENT: What does the "Gashuunsukhait-Ganqmod Port Railway" project include?

Published: 2025-01-23 | Translated from: gogo.mn

The project to establish a discussion on the "Gashuunsukhait-Ganqmod Port Railway" project will be consulted with the relevant Standing Committee of the State Great Khural. The cross-border railway project at the Gashuunsukhait-Ganqmod port, coal trade, and cooperation to increase the capacity of the Tavan Tolgoi coal mine were discussed at a recent government meeting. It was decided to consult with the relevant Standing Committee of the State Great Khural regarding the agreement. This agreement will create long-term economic stable growth on both sides. The coal sale and purchase contracts to be established between the state-owned legal entities of both parties will be based on principles of mutual benefit and stable supply, which will regulate relations related to increasing the capacity of mines in the coal deposit. By 2050, many countries around the world have pledged to abandon coal. Therefore, it is urgent to sell coal. By establishing the agreement, coal production and export will increase, the implementation of the law on the National Wealth Fund will intensify, and the benefits from wealth will be equitably and fairly distributed to every citizen. Russia is sending coal to the southern neighbor through five ports, 24 hours a day. Researchers are warning that the price of coal may fall in 15 years. The first of 14 mega projects includes the construction of the cross-border connecting railway and cargo transfer terminal projects at the Gashuunsukhait-Ganqmod, Khangi-Mandal, and Shiveekhuren-Sekhe ports. WHAT PROVISIONS ARE INCLUDED IN THE AGREEMENT? We last connected by rail with our southern neighbor in 1955. Since then, no connection has been made again. Seventy years later, a contract to connect the next railway is being established. Connecting three ports will increase the export of mining products. Even by fully utilizing the existing railways and highways, the capacity of transportation is insufficient. Due to changes in the government and the State Great Khural, several issues, such as which gauge to connect the Gashuunsukhait-Ganqmod port, have changed, causing the southern neighbor to lose trust in us. In 2014, the presidents of the two countries signed the agreement. The above-mentioned ports and the railways beyond the southern border have all been completed. On our side, the railway to the Khangi, Shiveekhuren, and Gashuunsukhait ports has been laid, but only the connection remains pending. Regarding the Ganqmod-Gashuunsukhait port, the broad-gauge railway is 8.7 kilometers short, and the narrow-gauge railway lacks 10.8 kilometers. These tracks will intersect. A bridge with concrete pillars will be newly built, with the Mongolian side of the bridge located over the river's gravelly area. Another issue included in the border connection agreement is the coal trade of "ETT" to be supplied to China. The coal price will be set based on the average prices of China's four major coal exchanges. Specifically, Base price + 30% + 30% + 60% + 80% + Logistics cost from the mine to the border = Coal price. The percentages represent the weighted elements from each of China's coal exchanges' prices. The current average price of thermal coal is between 60-70 USD, while coking coal is at 158 USD. The border price has not fallen below 100, according to Minister of Industry and Mineral Resources Ts. Tuvaan. He stated, "I went to Australia and looked into the price of the coal exchange there. They consider coal as bulk cargo and do not sell it on the exchange. Instead, they carefully monitor the stock prices of coal companies. In Mongolia, they were surprised that coal is traded on the Stock Exchange and said it is risky in the long term. Indeed, problems are already emerging, with companies that previously bought coal on the exchange reducing their orders due to the long time from taking their coal to receiving it at the border, during which the coal price falls. This is a downside of selling coal on the exchange." After connecting the above three ports with the international railway agreement, our enterprises can use the southern neighbor's railways. However, a tariff will need to be paid. In 2024, China imported a total of 150 million tons of coal, of which Mongolia supplied 83 million. "ETT" currently has a production capacity of 30 million tons of coal per year, which will be increased by 5 million tons. "ETT" will open a new pit and extract coal from two deposits, Onchkharaat and Bortolgoy, which have previously been estimated for resources. The miner will be selected through an open international tender. "ETT" is supplying coal under four offtake agreements. These include China's CHALCO, China's state-owned "Norinco" companies building an oil pipeline in Dornogovi province, and "Bodi International" company's coal. WILL WE CONTINUE TO COMPETE AT A LOW PRICE? WHAT PRICING POLICY SHOULD BE FOLLOWED? Besides the physical quantity, the coal price is important. The annual capacity of the railway connecting the GS-Ganqmod ports is 30 million tons. A contract has been made to supply "China Energy" LLC with 20 million tons of coal annually, meaning Mongolian companies are left with only 10 million tons to be transported by this railway. To address this, we will increase the railway's capacity by adding substations and intersections, stated Minister U. Tuvaan. China's narrow-gauge railway has a capacity of 50 million tons. WHAT HAPPENED TO THE PRINCIPLE OF MAINTAINING A BALANCED RELATIONSHIP WITH OUR TWO NEIGHBORS? The Prime Minister visited China in November 2024. There is concern regarding whether authorities are cooperating more with China and implementing all major projects together. In fact, officials stated, "Our country recently signed a cooperation agreement with France's state-owned company, a third neighbor. Chilean and Peruvian mining sectors see you are fortunate due to your geographical proximity to China. Our northern neighbor, Russia, is currently in a state of war." They continued, "We were far behind China in terms of development, which was considered. The tender to participate in the construction of the oil refinery was opened internationally, but none other than Chinese companies participated. It is not that we have a policy of only cooperating with southern neighbor's companies. Chinese technology has become global technology."

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A regulation will be implemented from June 1st prohibiting the issuance of UB number plates to vehicles older than 10 years

Published: 2025-01-23 | Translated from: ikon.mn

It has been decided not to exceed 730,000 registered vehicles in the capital city, and applications for obtaining Ulaanbaatar series license plates are being accepted through the carplate.ulaanbaatar.mn system. Since January 15, 2025, up to today, 1,175 requests have been registered in this system. From June 1st, two changes will be implemented in the criteria for issuing series numbers for the city. According to clarification from the National Road Transport Registration and Control Center, from June 1, 2025, vehicles older than 10 years will not be issued UB series numbers. In other words, vehicles manufactured more than 10 years ago will not be eligible for city number plates. The issuance will proceed as usual until June 1st. However, there is no prohibition on importing vehicles older than 10 years into Mongolia. Additionally, as of June 1, 2025, any vehicle being imported into Mongolia must have undergone a technical inspection in the country of use prior to export. Specifically, a requirement is being established that the vehicle intended for import must have a certificate of completion of a technical inspection. This regulation aims to prevent bringing in vehicles that have been significantly used or rusted from water. Only those vehicles meeting this requirement will be eligible for city registration plates. Notice to Media: Media organizations (TV, Radio, Social, and Web pages) must cite their source (ikon.mn) when fully or partially using our information in any form.

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"It is Planned to Travel 20-30 Minutes by Tram from Yaarmag to Sukhbaatar Square"

Published: 2025-01-23 | Translated from: gogo.mn

Information was released stating that "Peace Bridge will be made pedestrian-free to allow a tram to pass." B. Anu-Ujin, the leader of the "Ulaanbaatar Tram Project," provided information on this matter. He stated, "Currently, the tram route selection has been finalized, and we are 20% through the research, feasibility study, and model design preparation stage. It is planned to have two tram routes. The first tram line will be from the Nisekh roundabout, through the Yaarmag highway and Peace Bridge, to Sukhbaatar Square. There is a green space in the middle of Yaarmag road, and it is planned to run a light rail over it. Since this route will pass through Peace Bridge, the bridge will be reinforced. As the bridge was commissioned over 60 years ago, there is an unavoidable need for reinforcement. While doing so, we will plan it to be friendly to citizens. The project design will be finalized by April 1, 2025. The master plan is to complete it between 2025 and 2030. As for the second line, it will be from Sukhbaatar Square to Zunzhin. Land clearance work is underway along this stretch. The tram can be implemented in a short time, ensuring road traffic safety and passenger comfort. It has a capacity to carry 150-300 people at once, with an average speed of 30 km/h and a maximum speed of 60 km/h. It is estimated that traveling by tram from Yaarmag to Sukhbaatar Square will take 20-30 minutes. This will reduce traffic congestion on Yaarmag road by 27.5%," he explained.

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Supported the Agreement to Obtain Additional Loan from India for the Oil Refinery Project

Published: 2025-01-23 | Translated from: isee.mn

At the plenary session of the State Great Khural, discussions were held on whether to endorse the draft Loan Agreement to be made between the Government of Mongolia and the Export-Import Bank of the Republic of India. Since 2017, the Government of Mongolia has been implementing the "Oil Refinery Construction Project" with concessional loan financing from the EXIM Bank of the Republic of India. The State Great Khural approved loan agreements amounting to a total of 1 billion 236 million U.S. dollars required for the project's financing in 2017 and 2019. During the project's implementation, "Mongol Oil Refinery" JSC reported that the budgeted cost of the EPC-4 package works, including the construction of the main facilities and the oil processing operation, had increased. In September 2023, the Mineral Resources Professional Council under the Ministry of Industry and Mineral Resources discussed the increase in project costs and confirmed the total project cost to be 1 billion 698 million U.S. dollars, an increase of 462.2 million U.S. dollars from the previous estimate. Accordingly, the Government has conducted loan negotiations to raise the additional financing required for the "Oil Refinery Construction Project" from the EXIM Bank of the Republic of India. The Indian side has determined that the additional 464 million U.S. dollars in financing will be spent on the EPC-4 package works, and the previously established 236 million U.S. dollar loan agreement for this package from 2019 will be canceled and integrated into a new loan agreement, resulting in a total loan agreement of 700 million U.S. dollars being included in the draft agreement. The draft loan agreement, in addition to the terms of previous loan agreements, has three new conditions outlined by the Indian side. Specifically, if additional financing is needed during the project, the Government of Mongolia should provide the funding; all income and receivables from the project must be channeled through the "Mongol Oil Refinery" JSC's account opened at a bank located in Mongolia; and if the Government fails to meet its obligations under the loan agreement or delays repayment, the "Mongol Oil Refinery" JSC's account may be frozen and payments may be directly deducted from the refinery's income. Moreover, any issue that might burden the refinery's revenue until the repayment obligations under the loan agreement are completed by 2040 must be consulted with the EXIM Bank of the Republic of India. The majority of the members of the State Great Khural supported and approved the draft agreement.

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Prioritization of Mega Projects in the Capital

Published: 2025-01-23 | Translated from: unuudur.mn

The government has prioritized mega projects to be implemented in Ulaanbaatar city with the aim of improving air quality, reducing environmental pollution, easing traffic congestion, and enhancing the quality of life for residents. The government has declared 2025 as the "Year to Support the Development of Capital Infrastructure." As part of this initiative, projects aimed at reducing Ulaanbaatar's air and environmental pollution, and alleviating traffic congestion, as well as improving residents' quality of life, are being prioritized based on their effectiveness. A plan to implement these projects has been assigned to the Chairman of the "20-Minute City" national committee, Minister R. Erdeneburen, and the Mayor of Ulaanbaatar, H. Nyambaatar. Furthermore, relevant officials have been tasked with promptly organizing feasibility studies, design, and budgeting for the mega projects. Among the projects to reduce congestion, the metro has been prioritized first. For air pollution reduction, "CHP-5" has been prioritized, and among other projects, the construction of a new sports complex is prioritized first.

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Prioritization of Mega Projects to be Implemented in the Capital

Published: 2025-01-23 | Translated from: gogo.mn

The prioritization of mega projects aimed at improving Ulaanbaatar's air and environmental pollution, traffic congestion, and citizens' quality of life has been executed. The government has declared the year 2025 as "The Year of Supporting the Development of Urban Infrastructure in the Capital." In this regard, it has endorsed a prioritized list of projects addressing air and environmental pollution, traffic congestion, and improving the quality of life for citizens. The Minister of Mongolia, the Chairman of the National Committee of the 20-Minute City R. Erdeneburen, and the Governor of the Capital City and Mayor of Ulaanbaatar Kh. Nyambaatar have been tasked with drafting and implementing plans according to this prioritization. They are also tasked with providing prompt support, as instructed to the members of the government. In addition, officials have been ordered to swiftly organize the work of evaluating the economic, technical, and financial feasibility, as well as the design and budget estimates of the mega projects. The prioritized mega projects will be implemented in alignment with the "Master Plan for the Development of the Capital City of Ulaanbaatar until 2040," Mongolia's long-term development policy “Vision 2050,” the medium-term "New Revival Policy" target program, and the "Government of Mongolia's 2024-2028 Action Program," which includes 14 mega projects. A Task Force led by the Prime Minister has been established to provide guidance, cross-sectoral coordination, and expedited management to support projects and measures aimed at reducing Ulaanbaatar's air pollution and developing infrastructure projects. The second meeting of the Task Force was held on the 18th of this month, where the projects to be implemented in the capital city of Ulaanbaatar were discussed and prioritized based on their impact. The projects were classified into three main categories: reducing traffic congestion, reducing air pollution, and those related to infrastructure. It was deemed appropriate to present these classifications to the Cabinet meeting.

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FACT: The Court Considered the Feasibility Study of the "Oil Refinery Plant" Classified and Unavailable to Members of Parliament

Published: 2025-01-23 | Translated from: isee.mn

More than seven years ago, news emerged that Mongolia would produce gasoline and fuel, which are strategic products, domestically and free itself from dependency on imported fuel, a statement that was met with applause from many people. However, today, not only is the Oil Refinery Plant not operational, but construction has also not begun, leaving the continuation of the project in uncertainty. Originally estimated at one billion U.S. dollars, the project's budget has since increased to 1.7 billion U.S. dollars. Furthermore, there are suspicions that money laundering could be taking place behind the scenes, potentially putting Mongolia at risk. Such suspicions have arisen among politicians and citizens alike. Specifically, in April 2016, the Government of Mongolia and the Export-Import Bank of India signed a General Loan Agreement, and in May 2017, the Parliament ratified the agreement, creating the legal framework for Mongolia to establish an oil refinery plant financed by a $1.2 billion concessional loan from India. Under the loan agreement, the selection process for the refinery project's management consultant was conducted by the Export-Import Bank of India, and Engineers India Limited was chosen. This company was reportedly responsible for preparing the feasibility study (FS) for the oil refinery. However, there have been rumors about whether the FS exists, and it has become evident that the document has been classified as a state secret, which has led to numerous risks. MP L. Munkhbayasgalan, head of the working group responsible for investigating the Mongolian Oil Refinery Plant Project and providing relevant proposals, conclusions, and draft decisions, stated, "The government's resolution has classified the FS of the oil refinery as a state secret. Additionally, the audit report on the factory has been classified, and I have not received it even after a request as the head of the working group to have it provided on my letterhead. If issues arise with the oil refinery, it will not be handled under our law but under Indian law, with any arbitration in India, and we will be bound to comply. Furthermore, if the refinery is not completed within 36 months, our country will face penalties. However, the extent of these penalties is unknown. Moreover, a cost termed 'unverified expense' of $31 million has been listed, and no one seems to take responsibility for it. Not only has no risk assessment been conducted for the $1.7 billion project, but there are also discussions that if the additional loan is not ratified, all Indian companies working on different segments will leave. We must ratify the loan agreement to prevent this," as highlighted in a media interview. In 2019, MP S. Erdene submitted a claim to the Administrative Court in the capital, seeking to compel the Cabinet Secretariat and the Ministry of Mining and Heavy Industry to provide a copy of the FS for the oil refinery being constructed with concessional financing from the Government of India. He claimed that the FS documents were unlawfully withheld by these bodies. However, the court dismissed his claim entirely. In other words, the court ruled that it is not possible to provide a copy of the FS to a Member of Parliament. Therefore, the document remains classified, and it is highly likely that it will not be provided to the working group members or other MPs. Without access to this document, the working group tasked with investigating the Mongolian Oil Refinery Plant Project and compiling relevant conclusions and draft decisions will be unable to conduct their analysis. The working group has expressed that resolutions on what to do next will be based on reviewing these documents. This situation suggests that the project might be delayed further due to this reason. On the other hand, the reasons why the FS of the Oil Refinery Plant was classified as a state secret are drawing attention. According to some sources, Mongolians have completed several infrastructure projects using their own resources, such as the non-technological buildings, structures, water supply pipes, railway, road, and power transmission lines necessary for the preparation of the refinery site. Specifically, the Ministry of Defense built a 17.5 km heavy-duty highway, the Ulaanbaatar Railway JSC constructed a 27 km railway, a 3.7 km connection road, a reinforced concrete bridge, and a tunnel, the National Power Transmission Grid SOE built an 18.6 km 110kV power transmission line, and a 110/10kV substation, and handed them over to the State Commission. For these reasons, it is suggested that the project was classified as a state secret. Nonetheless, the tale of the Oil Refinery Plant coming online and freeing Mongolia from fuel import dependency seems to have a few more years to unfold.

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Booroljuut Power Plant Supplies 150 MW of Electricity

Published: 2025-01-23 | Translated from: ikon.mn

Last year, Ulaanbaatar city was short 200 MW of electricity. However, the Booroljuut power plant, with a capacity of 150 MW, and the Baganuur battery storage plant, with a capacity of 50 MW, have supplied energy to the central system, addressing the energy shortfall. More specifically, Ulaanbaatar city, for the first time, traded bonds worth 500 billion MNT in the domestic market, of which 300 billion MNT was invested in the Booroljuut power plant. As a result, the first phase of the Booroljuut power plant project, which started in 2011, with a capacity of 150 MW, was commissioned last October. This plant was connected to the central region's integrated power grid at 23:33 hours on December 26th of last year, supplying 150 MW of electricity. Meanwhile, the Baganuur battery storage plant, with a capacity of 50 MW, supplied a total of 8,881.7 MWh to the central system from December 13th of last year to January 21st of this year. Warning: When using our information in any form (television, radio, social media, or websites), media organizations must cite the source (ikon.mn).

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Ministry of Construction and Urban Development: Offering Graduated Interest Rates on Mortgage Loans Based on Floor Area

Published: 2025-01-23 | Translated from: itoim.mn

The Ministry of Construction and Urban Development has decided to provide mortgage loans for first-time homebuyers with an area of 50 square meters by aligning it with household income. We sought clarification from G. Chinsanaa, a specialist at the Housing Department, regarding this decision. - What is the decision on providing discounted mortgage loans for housing up to 50 square meters? The government, with Resolution No. 483, planned to implement five package activities aimed at public housing development, in connection with declaring 2024 as the "Year of Supporting Regional Development." These activities are: My First Home, My Rental Apartment, My Private House, My Choice Region, and My Choice Public Service. Within this framework, guidelines were given to Mongol Bank President B. Lkhagvasuren to increase the availability of concessional mortgage loans necessary to provide housing for middle-income citizens. Specific interest rates and area criteria were established: 6% for up to 60 square meters, 8% for 61 to 80 square meters, and graduated scales for different criteria. This means that mortgage loans will not be limited solely to housing up to 50 square meters; it might extend to 100 square meters at 10% or 40 square meters at 4%, tailored to various income situations of citizens. Currently, citizens are freely buying housing over 80 or 100 square meters under market principles. However, when it comes to participating in government-subsidized loans, there are criteria regarding interest and area, aiming to be more favorable for first-time homebuyers with average or lower income. Different market principles do not affect commercial loans with regular banking interest. Loans at 6% interest are still in place, and no changes have been made to the decree of Mongol Bank's President. - What is the rationale behind this decision? The government aims to direct the low-interest "Mortgage Loan" program towards households with average and below-average income. They believe that providing many households with housing will reduce air and soil pollution and improve the quality of life. Recent statistics have shown that low and middle-income citizens find it challenging to qualify for concessional mortgage loans due to lack of accessibility. Of the 110 thousand mortgage loan borrowers, only 30-40% were intended for those with average or below income, with the majority granted to high-earners. The initial mortgage loan policy did not propose specific restrictions or options, making 6% loans attractive even to high-income earners. Financial institutions also tend towards lending to relatively higher-income individuals due to focusing on loan quality and risk, which is prudent. Therefore, to make concessional mortgage loans more accessible to those who meet the loan criteria but have relatively low income, a policy of graduated interest and area measures is introduced. The interest on concessional mortgage loans was lower than the policy interest, limited to a few types of housing with 80 square meters available on the market, leading to price increases. This affects the development of the housing sector negatively. If we diversify loan products and align policy interest with market levels, there will be increased interest from private sectors and international funds in investing, thus creating opportunities for housing projects that match payment capacities. This gradual transition aims to introduce international models of diversified mortgage rates and various housing policies adjusted to citizens' income and conditions gradually. - Will the graduated interest rate decision apply to rural areas? Since 2023, a 3% interest subsidy on concessional mortgage loans for the first 3 years has been implemented for rural areas. Further, the down payment requirement was reduced from 30% to 12%, lowering the barrier to financing. The new government has expressed their intention to continue these policies. As of now, no alternative products have been introduced. - What is the expected outcome of this decision? The concept of regional development policy developed by the Mongolian government identified 91 developmental centers with potential for economic growth and population concentration. Therefore, the mortgage policy aims to reduce Ulaanbaatar's centralization and attract necessary personnel for the development of these regions. - When will this decision take effect? After the new government was formed, the National Housing Committee was re-established, led by the Prime Minister, with the Minister of Family, Labour, and Social Protection L. Enk-Amgalan as deputy chief, and the Minister of Urban Development, Construction, and Housing J. Batsuuri as secretary. During the first meeting, they aimed to direct housing policies towards first-time homebuyers and young families with children. - How is mortgage financing allocated? In line with the regional development concept, decisions were made to allocate mortgage financing supporting regional areas, providing at least 50% to regions while prior only 20-25% was given to rural areas. This year, around 45% was allocated to regions, with the government's plan to continue this policy, improving local infrastructure, increasing local investment, and enhancing household living standards over time. - Is there a way for those wishing to expand their homes to reconsider concessional loans? It's intended to keep this opportunity open, yet because the funding for concessional mortgages is limited, first-time homebuyers are prioritized. People buying a first home with a small square meter under concessional conditions get the best loan conditions. If they later want to improve or expand, loans with higher rates better suited to their income levels will apply. - What is the outlook for concessional mortgage financing in 2025? With the passage of the Wealth Fund Law, income from the fund can be used for concessional mortgage funding. As a result, in 2024, an unprecedented 1.3 trillion MNT in concessional mortgage loans were granted, suggesting future funding sources will remain at this level or grow steadily.

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DARHAN-UUL: An Electronic System for Public Transport Payments Will Be Introduced

Published: 2025-01-23 | Translated from: montsame.mn

Darhan soum has been organizing efforts to become a city of national status and to restore its city status, including proposing constitutional changes and discussions in the State Great Khural. Experts in the field emphasize that along with moving towards a more urban culture, it is important to ensure a user-friendly and safe environment, as well as accessible public transportation. Since 2013, Darhan soum has been gradually improving public transportation services provided to its citizens, specifically those of large buses. Last year, the vehicle renewal work was carried out with state budget investments, and 20 electric buses were delivered to "Elit Khögjil LLC" under conditionally repayable terms, thus reviving public transport services. The management of "Elit Khögjil LLC" indicated, during a presentation at the aimag's Assembly consultation, that reforms are underway to digitize the payment system through an application. They aim to have this application operational within the first quarter of this year. As a result, citizens will be able to check public transport routes, see where buses are currently traveling, when they will arrive at the nearest bus stop, and pay for services, according to Z. Badrakh, Director of Elit Khögjil LLC. Representatives requested that parking spaces be differentiated for buses and taxis to not disrupt road traffic, and asked the heads of the Aimag's Road Transport Center and national inspection officers to focus on increasing public transport stops. They also requested the local authorities to consider the possibility of increasing the budget for this purpose.

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New Zuunmod City to be Named Hunnu City

Published: 2025-01-23 | Translated from: gogo.mn

The State Structure Standing Committee of the Great State Khural convened to decide on whether to discuss the bill on amending the law concerning the legal status of New Zuunmod City and the proposed legislations submitted alongside it. Minister of Urban Development, Construction, and Housing J. Batsuuri introduced the bill. He stated that the Great State Khural ratified the law regarding the legal status of New Zuunmod City and, pursuant to decree number 76, established the city as a satellite city of Ulaanbaatar, the capital of Mongolia, tasked with fulfilling certain special functions of a capital city. New Zuunmod City is to be governed and designed with specific functions distinct from the capital, combining leadership, organization, and economic responsibilities. It is meant to integrate and complement the economic efficiency of Tuv Province. To successfully implement the city's development, it is essential to present this project internationally under appealing conditions that are optimized for attracting investments, with a long-term goal of developing it into a globally recognized city. The name of the city plays a critical role in this endeavor. However, the name "Zuunmod" creates confusion, suggesting either a satellite city of Zuunmod or a renewal of Zuunmod Town in Tuv Province. International experience shows that establishing a city's name as easily pronounced, written, and understood while highlighting national culture and history can significantly assist in laying out a comprehensive marketing strategy on a global scale. Moreover, a city's name not only represents the country's development but also signifies unique cultural, historical, natural, and economic features that attract international investors and bolster partnerships and support. Mongolia has a rich history of statehood, being the birthplace of empires known across Eurasia and the world. The nomadic civilization developed prominently on the Eurasian steppes. The Xiongnu established a powerful nomadic state in Central Asia, gaining control over the Silk Road and leaving a deep imprint on Eurasian history. Therefore, it is considered appropriate to rename New Zuunmod City to Hunnu City to represent Mongolian statehood, traditions, and culture holistically and to convey the objectives of its urban plan and development projects efficiently. The bill was developed with the aim of developing this city into a smart city harmonized with international trends. According to the "Vision 2050" long-term policy document, the city will rely on the Chinggis Khan International Airport, located in Khoshig Valley, aspiring to become a central node for passenger air transport in Northeast Asia. Minister J. Batsuuri emphasized this future goal. The establishment of this city is expected to reduce the concentration in Ulaanbaatar significantly. Moreover, it is estimated to expand Mongolia’s economic growth by 10-15%. It will serve as a transportation and logistics center, in addition to the Bogd Khan Railway and free economic zones. This city will include a complex of state administrative bodies, and it is planned to create a system ensuring service management and security by organizing international summits and events. "Hunnu" was once the name of Mongolia's first state, the Xiongnu Empire. This proposal of renaming aims to strengthen the introduction and recognition of this new city globally using the "Hunnu" name. It is thereby seen that the name "Hunnu City," aligned with the objectives of creating a smart, environmentally friendly, human-centered, and attractive city, is thus appropriate. The Hunnu name has recently been established in international contexts to change the English notation from the historical "Xiongnu Empire" to resonate with the Mongolian phonetic "Hunnu Empire." Vice President of the Academy of Sciences Ts. Tserendorj explained that there is no issue with changing the pronunciation of the "Hunnu" name. This effort aims to organize how the name was recorded in China over 2000 years ago. The pronunciation of Chinese characters has evolved, and researchers have reconstructed this based on the possible names Hunnu or Hunna. Meanwhile, the name is often transliterated as "Xiongnu." It is now proposed to return to the indigenous pronunciation "Hunnu" and standardize it under the Latin script as "Hunnu." In line with these objectives, adopting the name Hunnu City is believed to foster living feasibility, environmental friendliness, human centrality, and international direction. A majority of the members attending the Standing Committee meeting considered it suitable to discuss proposals to amend the legal status law concerning New Zuunmod City during their session, as reported by the Great State Khural's Press Office.

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Society

DORNOGOVI: This year has been declared as the "Year of Supporting Tourism"

Published: 2025-01-23 | Translated from: montsame.mn

Dornogovi aimag has declared 2025 as the "Year of Supporting Tourism." As part of the targeted year's work, an event named "Collaborative Growth 2-0" or "Harmonious Coordination and Perfection" has been organized to promote products and services that showcase the characteristics of the aimag's tourism sector. Within this work, it is planned to produce high-quality branded tourism package products with appropriate labels and packaging that meet standards. In addition, to attract international and domestic tourists, the "Great Gobi Camel-2025" event is planned to be held on February 7-8 of this year. Dornogovi aimag boasts many natural and historical attractions that captivate both foreign and domestic tourists. The most visited location by tourists is the Khamar Monastery area. In the first 10 months of last year, over 90,000 foreign and domestic tourists visited the Khamar Monastery, the Energy Center or Shambhala Land, Uvgun Suvraga, and Khan Bayanzurkh Khairkhan. In the same period of 2023, 85,571 tourists visited this region. It is believed that the energy center Shambhala Land resides in this area. In pursuit of discovering Shambhala, many foreign scholars and travelers have journeyed through Asia, especially the Tibetan plateau and the Mongolian Gobi, leaving behind accounts and travel notes over centuries. Another interesting attraction for tourists is the State Nine White Banners of Chinggis Khan in the local history museum of Sainshand city, specifically one of the eight accompanying banners. It is said that Great Chinggis Khan and his successor khans, when going on campaigns or consolidating their empire, placed the accompanying banners of their main banner along the borders to protect their state. Dr. S. Dulam, a distinguished scientist and a Hero of Mongolia, conducted extensive research on this. To honor the state banner of Great Chinggis Khan and promote it to the public, there are plans to organize activities to showcase and introduce it to tourists visiting the Eastern Gobi, fostering pride in their heritage and history. The law enforcement agencies and state officials of Dornogovi aimag have been paying tribute to this white banner, which has been passed down since the era of the Great Mongol State, for quite some time.

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Road Closure Route for the Mourning Ceremony of the Late President P. Ochirbat Tomorrow

Published: 2025-01-23 | Translated from: ikon.mn

The President of the State, U. Khurelsukh, has issued a decree to lower the State Flag to two-thirds of the flagpole at a 45-degree angle nationwide from 7:00 AM on Friday to midnight on Saturday, in mourning for the passing of the first President, P. Ochirbat. On the day of mourning, the route from the Third State Hospital to the Altan-Ölgii Memorial Park will be closed. The route from the Third State Hospital to the Government Palace is as follows: 06:40-07:00 from the Third State Hospital to the Central Post Office intersection 07:00-07:20 from the Central Post Office intersection to the Government Palace (on the west side road of the Palace) Traffic will be opened after the procession passes through. The route from the Government Palace to the Altan-Ölgii Memorial Park is as follows: 09:40-10:00 from the Government Palace to the end of Salbii River Bridge 10:00 from the end of Salbii River Bridge towards the Altan-Ölgii burial site. Traffic will be opened after the procession passes through. Warning: Media outlets (Television, Radio, Social, and Web pages) must mention the source (ikon.mn) when using our information in any form, whether fully or partially.

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World Tourism Reaches Pre-Pandemic Levels

Published: 2025-01-23 | Translated from: montsame.mn

Do airport security lines seem longer and do you feel the need to book hotels sooner than before? According to a report from the United Nations World Tourism Organization, the truth is that tourism has recovered from the impacts of the pandemic. Specifically, last year, around 1.4 billion people traveled to foreign countries, which equates to 99% of the number of travelers in 2019, the year before the global spread of COVID-19. Furthermore, tourism revenue reached 1.9 trillion dollars, meaning that on average, each tourist spent more than 1,000 dollars. According to the World Tourism Organization, Europe welcomed the most tourists in 2024, with 747 million visitors. Despite the ongoing war in Ukraine causing tourists to avoid some parts of the region, these figures are particularly high. France led the list with 100 million visitors in 2024, followed by Spain with 98 million visitors. “Atout France,” the country's tourism marketing agency, announced: "2024 was an exceptional year for France's tourism sector, which raises even greater hopes for 2025!" Three major events, including the 2024 Summer Olympics, the reopening ceremony of the famous Notre-Dame Cathedral in Paris, and the 80th anniversary of the D-Day landings in Normandy, attracted tourists to France over the past year. Last year, 316 million people traveled across Asia and the Pacific, 213 million in the Americas, 95 million in the Middle East, and 74 million in Africa.

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Ban on Public Events on National Day of Mourning

Published: 2025-01-23 | Translated from: unuudur.mn

The Government has approved a resolution to enforce the President's decree declaring a national day of mourning. The decree was issued by President U. Khürelsükh for October 24, the day of the final farewell to Mongolia's first President, Punsalmaagiin Ochirbat, also recognized as the head of the Presidium of the People's Great Khural of the Mongolian People's Republic and a prominent statesman awarded the "Chinggis Khaan" Order. The resolution prohibits organizing public events such as cultural performances, sports, and other public gatherings from 07:00 on October 24 until 00:00 on October 25. To show respect, cars, trains, and power station signals will sound across the country at 12:00, with government employees observing a one-minute silence. Furthermore, the government has decided to name a 160-meter section of the road from the Scientific and Technical University of Geology and Mining, located in Sukhbaatar District 1st Khoroo and Seoul Street to "Tsatsag" center's southwestern intersection with Peace Avenue, after Mongolia's first President, Punsalmaagiin Ochirbat.

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UBCTSC: You can get explanations about your electricity bill and calculations

Published: 2025-01-23 | Translated from: gogo.mn

UBCTSC JSC is providing detailed information on electricity rates, payments, and calculations through all customer service channels. Customers who wish to receive explanations about how electricity prices and usage calculations are made, and to verify their payments, can enter their code under this information (CLICK HERE) to receive explanations. Additionally, the company's Call Center at 70047004, as well as the phone lines of Customer Service Centers and the service staff at the customer reception hall, are open for communication.

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Zavkhan: Collaborating on Ensuring Food Safety

Published: 2025-01-23 | Translated from: montsame.mn

Zavkhan aimag is working to support the national movement "Food Supply and Safety" by formulating specific plans. The aimag's Department of Food, Agriculture, and Light Industry has outlined 27 measures across 14 objectives in sectors including food, agriculture, small and medium enterprises, cooperatives, and household services. We spoke with N. Bayarmaa, a specialist in charge of food, catering, service, and trade issues at the Zavkhan aimag DAFLI, about this initiative. - What activities are being organized in Zavkhan aimag within the framework of the "Food Supply and Safety" movement? - Our Department's trade and service department is implementing the work included in the action programs of the Government of Mongolia and the aimag’s Governor, as well as the aimag’s annual development plan. We are focusing on the development of food, agriculture, light industry, small and medium enterprises, and cooperatives. We aim to support agriculture by improving the supply of grains, potatoes, and vegetables, and by overseeing food supply and safety. By developing small and medium enterprises, we aim to create new jobs. - What percentage of its vegetable needs is Zavkhan aimag supplying from its own production? - Zavkhan aimag currently meets 28.7% of its inhabitants' vegetable needs through domestic production. From 1960 to 1990, the area's agricultural production increased annually, reaching 82.4 thousand hectares of arable land by 1990. Today, 96 entities and 602 households are engaged in agricultural production on 12.8 thousand hectares, utilizing 15.5% of the total arable land. In 2024's planting, 2285 hectares were used for grain, 5455.6 hectares for animal feed, 178.4 hectares for potatoes, and 157.01 hectares for vegetables. Harvests include 835.5 tons of grain, 7236.15 tons of animal feed, 1574.9 tons of potatoes, and 1008.8 tons of vegetables. Potatoes account for 42.2% (1574.9 tons), and vegetables for 28.7% (1008.4 tons) of local self-sufficiency. To increase vegetable cultivation, we are supporting seed renewal, supplying seeds at discounted prices, and promoting irrigated farming. In 2024, 335.41 hectares of irrigated land yielded a full crop of potatoes and vegetables. Our DAFLI has determined that if irrigation systems are fully restored, we could reach 1522 hectares of irrigated land. To meet the aimag’s demand for potatoes and vegetables domestically by 2024-2026, 861 hectares of irrigated farmland is required. - What policies are being implemented to improve food safety? - Over the past two years, production of key food items has increased, and the proportion of domestic needs met internally has grown. This is good news, but we are working to enforce standards and requirements for food producers. Instead of emphasizing oversight and penalties, we are collaborating with producers to adhere strictly to standards, discussing their challenges, and focusing on delivering quality food to consumers. Our aimag’s producers are striving to fully meet domestic needs. For instance, the amount of milk provided by local production increased from last year. Last year, we met 57% of the population's milk needs, and this year, we meet 66% domestically. - What actions are you taking to promote and support the production of key food items by SMEs? - The "Made in Zavkhan" store, which sells local brand products, operates under the Chamber of Commerce and Industry. Here, 13 business entities from the aimag sell their products. Our food factories maintain stable operations, establishing brand products with dedicated consumers, and even selling nationwide. For example, Munkh-Mandakh LLC sells 11 types of products in Nomin, Orgil, and Hypermart stores. Zavkhanaimargal LLC sells over 25 product types in central supermarkets in Ulaanbaatar like Bayalag Center, Nomin, Sky, Orgil, and more. To promote our producers and their products, we organized the "Food Supply and Safety" event, with over 60 food producers and SME representatives participating. Last year, Munkh-Mandakh LLC was recognized as the "Best Food Producer" of the Western Region at a national event. - How are SMEs accessing preferential loans? - In Zavkhan, 2 food factories, 6 slaughterhouses, and 10 bakery and pasta manufacturing entities operate. We have 2 supermarkets, 12 mini-markets, and 332 food stores. Preferential loans from the SME Development Fund allowed businesses like Ankhil-Dorvonbaatar LLC in Ider soum to access MNT 93.92 million for dairy production. Other loans include MNT 196.2 million for flour production by Zendmene Ulzii LLC, MNT 120 million for trade and agriculture by Yaru Erdene cooperative, MNT 100 million for trade services by Khos Bileg Tunamal LLC, MNT 83 million for juicing by Oikh Jims LLC, and MNT 100 million for fruit produce by Urkh Nakhia LLC. Currently, 6 companies have accessed MNT 693.1 million in preferential loans. - How much meat has been exported from Zavkhan's slaughterhouses? - Zavkhan has 6 entities operating in animal slaughter: Zavkhan Foods Group, Zavkhan Meat Market LLC, Sayan Undarga LLC, Niseh Agro LLC, Setsen Agro LLC, and Tes Shim cooperative. By the end of last year, Zavkhan Foods Group exported 18 tons of mutton to Azerbaijan, and Sayan-Undarga LLC exported 300 tons of horse meat, 27.7 tons of mutton, and 131 tons of goat meat to China. Setsen-Agro LLC sold 21.5 tons of beef and 64.5 tons of mutton domestically. Overall, 476.7 tons were exported, and 86 tons were prepared and sold domestically. - Thank you.

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Published: 2025-01-23 | Translated from: montsame.mn

Sukhbaatar province has declared the year 2025 as the year for improving the ethics, responsibility, and social security of civil servants. Within the framework of this supportive year, all levels of government agencies are to implement training, development programs, housing programs, programs ensuring social security, and activities to enhance the quality and accessibility of public services for citizens in 2025, as mandated by the province's Governor M. Iderbat to the leaders of all government organizations. In this province, there are more than 4000 civil servants, 84% of whom are involved in public services. Women make up 71.61% of all civil servants, and 65.6% are young people between the ages of 18-44. In 2024, Sukhbaatar province spent 341 million tugriks on the program ensuring the social security of civil servants. Out of this, 170 million was spent on housing support, 64.6 million on educational support, 60 million on consultant teachers, and three million on studies and experiences.

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BREAKING: Mongolian Student in South Korea Sentenced to 3 Years 6 Months for Manufacturing and Selling Marijuana

Published: 2025-01-23 | Translated from: isee.mn

A Mongolian student in South Korea has been sentenced to 3 years and 6 months in prison and fined 14 million won for manufacturing and selling synthetic marijuana. The Daegu District Court in South Korea sentenced 20-year-old Mongolian student A for violating the "Serious Crime Act." The student was accused of mixing synthetic marijuana with liquid tobacco in the bathroom of his home in Gyeongsang-si, Gyeongsangbuk Province, last October and making synthetic marijuana cigars worth 21.5 million won, which he secretly sold three times. The South Korean court explained the reason for the 3-year 6-month sentence, stating, "The defendant fully admitted to committing the crime and expressed remorse. He also provided information about additional drug stores and trading ships, and actively cooperated with the investigation." There have been increasing cases of Mongolian citizens studying and working in South Korea being involved in such crimes. For instance, a Mongolian citizen was revealed to have sent and received "JWH-018"-like psychotropic substances intended for South Korea via international express mail from Malaysia. Additionally, another Mongolian citizen, in collaboration with a Vietnamese citizen, was caught sending and receiving "JWH-018"-like psychotropic substances to South Korea using international express mail. Furthermore, another Mongolian citizen was apprehended at Incheon International Airport attempting to transport "JWH-018"-like psychotropic substances to Brazil and was investigated by the South Korean police. Notably, the Ministry of Justice of South Korea maintains strict policies on such crimes, imposing sentences ranging from six months to life imprisonment for using, possessing, transporting, or selling drugs, or for selling them to minors, considering the amount, type, and whether the offender admitted guilt. In response to the frequent cases of drug-related crimes among foreigners residing in South Korea, the Embassy of Mongolia in South Korea has warned against purchasing or selling psychotropic drugs and narcotics without verified ingredients online, transporting or carrying products containing CBD (cannabidiol), a component of marijuana, and especially against accepting packages with unclear addresses from Southeast Asian countries in their name.

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Environment

Air Pollution Increase Linked to Lack of New Power Plant Since 1984

Published: 2025-01-23 | Translated from: unuudur.mn

The Standing Committee on Environment, Food, and Agriculture of the State Great Khural recently organized a sub-discussion on "Fuel, Stove Standards and Control" due to issues related to air pollution and smog. This discussion was held in preparation for a hearing on smoke to be organized next month. Let's convey the positions of the participants in the discussion. Kh. Nyambaatar (Mayor of Ulaanbaatar): "The problem of air and environmental pollution in residential areas, not only in the capital, has been intensifying in recent years. This is because more people are eager to live in central areas, which leads to increased coal consumption during the cold season. Around 56% of the air pollution in the capital comes from the smoke emitted by 198,840 household chimneys in informal settlements. Additionally, 28.9% of the pollution is attributed to nitric oxide from 804,656 vehicles, while power plants, low-pressure boilers, and areas near centralized waste sites account for 15.6%, according to studies. Over the past 13 years, a total of 340 billion tugrugs has been spent to reduce air and environmental pollution. Subsidies amounting to 1.45 trillion tugrugs have been provided to Tavantolgoi Fuel's improved fuel factory. Of this amount, 1.307 trillion tugrugs were subsidized by the "Erdenes Tavantolgoi" company, and the remaining 146.2 billion tugrugs were financed by the capital. The funds provided by the capital, totaling approximately 50 billion tugrugs annually, were used for the rental of warehouses to store improved fuels and salaries for contracted staff. By 2025, we plan to move 5,620 households to apartments. Additionally, we will connect 15,000 households to gas and 5,700 to natural gas fuel. By 2032, we aim to provide over 60,000 households with apartments. Furthermore, from March 1st, using middling in fuel production will be halted. First, we need to determine the cause of the increase in air pollution. This is related to the fact that no new power plants have been built since 1984. At that time, the capital had a population of over 500,000, whereas today it has about two million people. As a result of flawed policies, without adding new sources to the centralized heating system, air pollution has reached today's levels. Therefore, we need to actively implement energy projects in the future. If the land is freed and we secure a heat source, we have a workforce to proceed. We plan to construct scattered sources in 10 locations, and geothermal exploration will be initiated in two areas—Selenge and New Zuunmod City. If our exploration is successful, it will revolutionize the country's energy and heating sector. The tender for Selenge Apartments will be announced in four packages in February. To start the project, a total of 2,000 households need to vacate their land, out of which 1,700 have already done so, while more than 300 households have documentation issues. Our country has the opportunity to build new sources, but the infrastructure load is at the maximum. We need to expand the network to meet future needs, but the preliminary feasibility study calculates it to cost two billion USD. This is a problem related to finance, money, and the national economy. By 2030, solid fuel use will be reduced. The government is discussing providing subsidies to the capital. In recent years, the illegal export of catalytic converters to China has increased. Thus, exports of catalytic converters are banned. Starting this year, metal labels will be applied to the converters of cars undergoing inspection. I. Luvsantseren (Director of Fuel Policy Implementation Division, Ministry of Energy): "The western, central, southern, eastern, and Altai-Uliastai regions supply energy to over 330 soums and settlements. In 2020, 11.6 billion kWh of electricity was produced, of which 10.6 billion was distributed. 75.4% of electricity consumption is met domestically, and 24.6% is imported. Between 2027-2028, during peak loads, energy will be supplied at non-discounted rates. Scattered sources are being developed based on residential plans and enterprise consumption growth. For example, heat sources are planned in areas like Zaisan, "Dunjingarav," and "Ih Zasag." In major cities worldwide, pollution has increased with population density and industrialization, leading to more raw coal usage. Globally, to reduce pollution, semi-coked and gas fuels were introduced, and measures like building power plants were taken. That's how pollution was reduced. Therefore, we must transition to semi-cokes and introduce gas fuels. From 2030-2040, a unified gas supply system will be implemented. Consequently, semi-coked pressed fuel use will decrease. Moreover, by continuing housing policies until 2050, pollution can be reduced. To improve the quality of refined pressed fuel and reduce air pollution in the capital, 39.6 tons of pressed fuel with 12 variations were produced through industrial and laboratory trials. The technical specifications and gas emissions from waste smoke were determined. Additionally, the effects on household usage were tested, showing a reduction in particulate emissions by 72.6%, sulfur dioxide by 85.5%, carbon monoxide by 10.8%, and nitrogen dioxide by 23.5% when using semi-coke pressed fuel. Air quality is measured at 18 stations in the capital. It is confirmed that emissions can be reduced by 45% with the use of the pressed fuel. Moreover, compared to when raw coal was used, air pollution can be reduced by 70-75%. Air pollution from the combustion processes of power plants is also measured monthly. As of 2024, the power plants consumed a total of 6.7 tons of raw coal. On average, emissions from the plants meet standard levels. Beyond reducing air pollution, an independent energy source has been created for consumers, allowing them to use it for personal consumption and supply excess energy to the renewable grid. Therefore, citizens can also contribute to the development of renewable energy. Currently, 1319 kW of solar energy from 73 users is connected to the grid. The procedure for transmitting consumer-produced energy to the distribution network is being revised for better accessibility. Moreover, price tariffs for electricity supplied to consumers connected to the network will be increased. For households in informal settlements, 50.2 billion tugrugs have been allocated for nighttime tariff discounts. Discounts are calculated for consumption between 21:00-06:00. D. Ulziibat (Chief Technologist, Tavantolgoi Fuel Company): "Binders are used to enhance the strength, ignition, or complete combustion process of pressed fuel, increasing its heat retention. The main raw material is middling coal, an intermediate product of "Energy Resources" company's Uhaahudag processing plant. This product accounts for up to 95% of the pressed fuel's composition. For example, compared to Baganuur energy coal, the moisture content of pressed fuel is six times less, and the volatile matter is half. However, its calorific value is 1.6 times higher. When fuel is moist, it smokes and emits soot. This means that air pollution is reduced by half. In cooperation with the Ministry of Energy and the National Committee on Air Pollution Reduction, several tests were conducted in 2023. As a result, the use of semi-coked coal showed a reduction in volatile substance output by 51%, sulfur by 57.7%, and ash by 37.2%. T. Bayarkhuu (Secretary, National Emergency Management Commission): "Last December, we conducted inspections to improve air quality covering households in 137 khoroos in seven districts. During the inspections, common violations such as lack of filters, stove passports, and gas meters were found in 1049 stoves of 15-100 kW capacity. For example, among 70 enterprises and agencies with boilers exceeding 100 kW, six lacked filters, eight did not operate filters, 15 lacked meters, and 35 had no waste smoke measurement results. Additionally, there were 37 open coal storages and one case of burning raw coal and waste. A total of 146 violations were identified. Legal measures, warnings, and recommendations were issued to 520 citizens, enterprises, and organizations. Moreover, six cases were recorded this year: two using raw coal, one burning used oil, and three transporting pressed fuel outside the air quality zone. Middling and other 16 types, amounting to 35 kg of samples of 35 kg, were sent to Beijing University for elemental analysis on March 3. We are currently waiting for the results. Furthermore, the National Institute for Public Health, the General Intelligence Agency, and police are conducting testing abroad through WHO, using samples from "Tavantolgoi Fuel" stations in Nalaikh, Songino-Khairkhan, and Bayangol districts. This discussion aims to ensure the right to know for state and non-state organizations, enabling the exchange of views and achieving unified understanding at the decision-making level. It also aims to provide guidance to the government and relevant organizations on addressing irregularities and deficiencies found in state agency activities, integrating sectoral interrelationships, and viewing the smoke issue as a long-term strategic concern, not just a seasonal topic. The discussion continued until 18:30 yesterday.

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Discussion on "Smoke Problem: Legal Environment, Policy, Implementation" to be Held

Published: 2025-01-23 | Translated from: gogo.mn

A discussion on the topic "Smoke Problem: Legal Environment, Policy, Implementation, Financing, Allocation, and Responsibility" will be held. A working group was established under the 7th resolution of the Standing Committee on Environment, Food, and Agriculture of the State Great Khural to prepare and organize a general oversight hearing on issues related to air pollution and smoke. This discussion will take place on the 29th of this month at 14:00 in the "Grand Chinggis Khan" Hall at the State Palace. It is open to representatives of both individuals and legal entities. Requests to participate can be received and registered. Requests are accepted until 17:30 on the 27th at the Standing Committee on Environment, Food, and Agriculture of the State Great Khural in writing sent by post to the State Palace address or via email. Mailing address: 14201 Ulaanbaatar city, Sukhbaatar district, General D. Sukhbaatar Square 1, Standing Committee on Environment, Food, and Agriculture of the State Great Khural Inquiry: 51-261240, 99680844, 99107510 Email: rentsentogtokh@parliament.mn/ Note: The number of participants is limited based on the capacity of the hall. Participants will be allowed entry to the State Palace by verifying their identity card or electronic ID (e-mongolia) as per the "State Palace Security and Service Regulations." Participants should arrive in official or national clothing.

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White Snow Disaster Strikes in Six Provinces

Published: 2025-01-23 | Translated from: unuudur.mn

Currently, around 60 percent of our country's land is covered with snow. The average thickness of the snow cover in Uvs' Khyargas, Malchin, Khovd, Zavkhan's Nomrog, Tes, Tsagaanchuluut, Otgon, Bayankhongor's Khureemaral, Baynnbulag, Galuut, and Selenge's Khuder sums measures 22-35 cm, which is considered a high indicator. In some drifted areas, the thickness of the snow has reached 50 cm, as reported by the Meteorological and Environmental Research Center. Due to the heavy snowfall, some areas have experienced a white snow disaster, as seen from the risk map drawn up by the Institute of Water, Meteorology, and Environmental Information. Notably, 23 sums in six provinces are currently affected by the white snow disaster. These include Bayankhongor's Sagtsai, Uvs' Khovd, Turgen, Sagil, Malchin, Tes, Zuun-govi, Khyargas, Tariatalan, Uliangom, Naranbulag, Khovd's Darvi, Zavkhan's Tes, Tsagaanchuluut, Otgon, Tsetsen-Uul, Erdenekharkhan, Santmargats, Bayankhongor's Baynnbulag, Khureemaral, Bombogor, Galuut, and Selenge's Khuder sums. If the snowfall increases and the cold intensifies, 37 sums in 12 provinces are at high risk of experiencing a disaster. Zavkhan's nine sums, Khovd's eight, Uvs' six, and three each from Bayan-Olgii and Bayankhongor, with two from Gobi-Altai, and one each from Khuvsgul, Uvurkhangai, Selenge, Darkhan-Uul, Dundgovi, and Dornod are at risk of being affected by the white snow disaster. Due to the influence of the cold air from Siberia, the temperature is expected to significantly drop across the western and southern regions starting tomorrow, limiting visibility due to snow and storms in local roads and passes, according to the meteorological agency's warnings. Additionally, as the school term for the 2024-2025 academic year begins on the 27th of this month during an even colder period than now, health organizations have urged parents to dress their children warmly and take preventive measures against colds and the flu.

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Innovation

Challenges Faced in Developing Artificial Intelligence in Mongolia

Published: 2025-01-23 | Translated from: gogo.mn

The Ministry of Digital Development and Communications will organize a public discussion on the national strategy for artificial intelligence on February 13. In relation to this, a discussion involving participants from various sectors was held today by the Ministry of Digital Development and Communications, National IT Park, and E-Mongolia Academy. Young AI developers from Mongolia participated widely in the discussion and expressed their opinions and suggestions to be included in the national strategy. The main challenges facing the development of artificial intelligence in Mongolia are listed as follows: 1. Shortage of skilled personnel: There is a lack of qualified personnel to develop the AI sector, which is a major factor slowing down research, development, and implementation. 2. Funding: Research and development in AI are costly. In Mongolia, there is insufficient government and private sector funding in this area. 3. Infrastructure development: Essential infrastructure such as high-speed internet and high-performance computers needed for AI development is not adequately developed. 4. Open data availability: Data sets and open data required for AI training and development are insufficient. 5. Lack of legal framework: Legal regulations related to AI development are lacking, which causes concern among investors. The importance of prioritizing the enhancement of human resources was emphasized among these challenges. There were also discussions on developing training programs for AI professionals and learning from international experiences. Additionally, there is a need to increase funding in the AI sector and implement projects and programs to support research and development. Countries with national AI strategies have addressed their issues in the following manner: - Research and Development: Governments are supporting fundamental AI research and focusing on creating new technologies. - Preparing skilled workforce: Efforts are directed towards preparing skilled professionals to work in the sector. - Developing infrastructure: Large data sets and supercomputers necessary for AI development are being established. - Regulating ethical and legal issues: Measures are being taken to foresee and manage risks and issues that may arise during development. AI is a key technology that will define the future of the world. Countries are making significant investments and preparing national strategies to highlight the importance of this technology. For example, U.S. President Donald Trump announced a $500 billion investment in AI development. Meanwhile, Mongolia is also working on supporting AI development and preparing a national strategy. In the future, value creation methods will change and a significant difference in productivity without human intervention is expected. To keep up with this rapidly developing technological advancement, it is time for countries to align their policies correctly, prepare their human resources, and pay special attention to innovation. The global competition for AI development is intensifying and Mongolia is also speeding up efforts to prepare a national AI strategy. In this context, research is being conducted and a strategy is being developed on improving the startup ecosystem, expanding the scope of open data, and the legal environment for policy in the sector. AI has become the main driving force of social and economic development in the modern world. Countries are developing and implementing national strategies for this sector. For instance, the United States, China, and European countries have made significant investments in regional research and development and have established national strategies. Asian countries such as Singapore, South Korea, and Japan have identified AI as a major lever for economic growth. Meanwhile, low and middle-income countries are aiming to accelerate their development by using the AI market and have announced their AI strategies from the outset.

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For the First Time in Darkhan-Uul, a Smart Greenhouse Without Soil Has Been Built

Published: 2025-01-23 | Translated from: unuudur.mn

A smart greenhouse utilizing soilless hydroponic technology has been constructed in Darkhan-Uul province for the first time. The "Venlo" model greenhouse covers an area of 1000 square meters and is notable for being smart and suitable for all four seasons. The construction of the greenhouse was completed by Batkhuulemj LLC on land owned by Ikh Morig company of Darkhan-Uul. Thirty percent of the funding was provided by private sector participants. The remaining 70% of the funding was secured through the "Increasing Vegetable Production and Market Access to Support the Economy" project, which is supported by the Ministry of Food, Agriculture and Light Industry and the UN Food and Agriculture Organization, with financing from the U.S. Agency for International Development. The greenhouse has already completed the nurturing stage of cucumber seedlings and transitioned to the main cultivation phase from the 20th of this month. Under the "Increasing Vegetable Production and Market Access to Support the Economy" project, a similarly designed smart greenhouse has also been built and put into operation in Bayanchandmani soum of Tuv province. The vegetables grown in these two greenhouses are planned to be supplied to the market starting from March next year.

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Intellectual Property Office Granted Patents to 349 Creations in 2024

Published: 2025-01-23 | Translated from: montsame.mn

The Intellectual Property Office has granted patents to 349 creations submitted by individuals and legal entities. Of the patents granted: 110 are for new inventions, and 239 for industrial designs. Analyzing the patents for new inventions by international classification: 54 are for human necessities, 31 for chemistry and metallurgy, 13 for mechanics, lighting, heating, pumps, engines, weapons, explosives, 10 for various technological methods, 9 for physics, 7 for electricity, 6 for construction and mining, and 3 are related to textiles classification. At the end of 2024, 4802 individuals and legal entities applied for trademark protection in Mongolia. Among the trademarks applied, 2000 were international applications under the Madrid Agreement specifying Mongolia. Also, trademark protection was granted for 3968 trademarks, which is 345 more than in 2023. In 2024, 939 individuals and legal entities applied for copyright protection. New copyright certificates were issued for all these creations. Specifically: 510 were for oral and written works of all types in science and literature, 153 for computer programs, 86 for all types of musical works, 83 for encyclopedias, dictionaries, compilations, collections, and anthologies regarded as intellectual creations, 30 for visual arts, sculpture, and graphic arts, 27 for cinematographic works and other audio-visual works, 26 for derivative works, 6 for decorative arts, set design works and their plans, 6 for maps, atlases, architectural plans, 4 for stage works such as plays, dances, gymnastics, pantomimes, 4 for architectural works, parks, gardens, green spaces, 2 for databases, and 2 for photographic works and similar creations.

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Health

State Hospitals Temporarily Halt Some Scheduled Surgeries

Published: 2025-01-23 | Translated from: news.mn

State hospitals that perform high-cost surgeries have temporarily halted their scheduled procedures due to the financial year's end closure of the state treasury's transactions. These high-cost surgeries are conducted at the state hospitals I, II, III, the National Center for Maternal and Child Health, the National Cancer Center, and the National Trauma and Orthopedic Research Center. For example, the National Trauma and Orthopedic Research Center (GSSUT) has temporarily stopped knee replacement surgeries. The cost of this surgery is over seven million MNT, with the patient paying 500,000 MNT while the rest is covered by health insurance. However, the Health Insurance General Office has not decided to halt high-cost medical services; instead, hospitals have postponed some scheduled surgeries to prevent disruptions in emergency services through internal arrangements. Due to amendments to the Health Insurance Law, the National Health Insurance Council (EMDUZ) passed decision No. 03 in 2021 about "Establishing the Amount of Fees, Payment Methods, and Procedures." Under this decision, the medical services fully covered by health insurance have been updated. For instance, the full cost of corrective surgeries for congenital anomalies is to be covered by the Health Insurance Fund (EMDSF). Previously, the EMDSF would offer up to three million MNT for congenital heart defect surgeries, but now the new decision provides for up to eight million MNT per case. Cancer care services are also to be fully financed by health insurance. Additionally, when conducting high-cost diagnostics and tests in state-owned hospitals, previously, 160,000 MNT in funding was provided per case, but now, if the examination is conducted at a hospital contracted with an insurance company, the health insurance fund will cover 70% of the cost while the patient will cover 30%.

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Maternity Hospitals Accept Bribes, Also Drain the Budget for Giving Birth

Published: 2025-01-23 | Translated from: unuudur.mn

In maternity hospitals, if a mother and newborn face no complications, no treatment is provided. It is common for them to be discharged without a single vitamin or IV. On the contrary, mothers have traditionally prepared personal hygiene items like diapers, lotions, dry and wet tissues themselves, which they expect from the hospital. Who, when, and why such an order was given is unclear. Oddly, no one knows why it should be this way either. For the last 30 years, this has been the system of maternity services in our country. However, this year, maternity hospitals have stopped requiring and claiming various household items from mothers. It was reported in several media that maternity hospitals now provide mothers with a kit of essential items worth 70,000 MNT. Social networks have been abuzz for several days over this matter. Citizens criticized that the items in the one-time kit, such as sanitary pads, diapers, and toilet paper, do not meet quality standards, and the cheapest options are selected for distribution. The topic has now been forgotten. No one has investigated which company's product and which official's business is behind the supply of maternity kits. The ministry and related authorities remain silent on this issue. Any goods, work, or services purchased with budget funds should be procured according to relevant laws, ensuring transparency and openness to the public through a selection process. However, how household products used during maternity services are procured remains closed and unclear to the public. The maternity hospitals claimed in the media that they prepare seven types of kits worth 70,000 MNT including adult and baby diapers, sanitary pads, dry and wet tissues. However, they now deny this, saying, "There is no such thing as a maternity kit, nor is there a set price. Costs vary depending on the birthing process." Currently, "Amgalan" Maternity Hospital and the second Maternity Hospital at Yarmag Hill, with 300 beds, began providing necessary hygiene products to mothers. The Minister of Health T. Munkhsaikhan stated, "We have stopped requiring mothers to prepare items, such as diapers, sanitary pads, and tissues from outside, and now provide them from the maternity hospitals. This improves postnatal hygiene safety and supports family finances." S. Enkhbold, Deputy Director of Amgalan Maternity Hospital in charge of treatment, said, "The Minister of Health ordered maternity hospitals to provide mothers with necessary care items by December 31, 2024. This is related to the Health Insurance Office increasing the cost weight of diagnosis-related groups for pregnancy and childbirth. In other words, since the cost of maternity services has increased, hospitals can now prepare the necessary items internally. Since January 1, we have stopped importing items like diapers from outside. However, there is no fixed standard saying that a package of items worth a specific amount will be provided per person. Costs for consumables vary depending on the birth process. For complicated childbirths, care items are highly necessary. Currently, we haven't calculated the cost per person. As the decision was made at the end of the year, we supplied necessary care materials through immediate procurement in January." Deputy Director of the Maternity and Women's Hospital of the National Center for Mothers, Newborns, and Women's Health, J. Oyuntsetseg, provided the following explanation. She said, "The single-use items provided in maternity services are not packages or bundles. In developed countries, hospitals fully provide the necessary items during childbirth. However, due to the financial situation of our maternity hospitals, we used to issue a list of things mothers must prepare themselves. This year, the cost of maternity services increased, so we now prepare necessary items like diapers for mothers. Particularly in cases of cesarean sections, single-use care items are highly necessary. These should be provided by hospitals, but previously, we could not do it. Now, at least we can provide essential items during childbirth. Of course, we can't afford expensive branded products for everyone. We're providing what we can. This positively affects the quality of medical services and client satisfaction." It's a good thing that mothers don't have to prepare various items when going to the maternity hospital. Few would argue with the decision being appropriate. Initially, insured individuals should have enjoyed this right, but the evidence now shows that expectant mothers have been exploited. Did our country, particularly the Ministry of Health, the Health Insurance General Office, and maternity hospitals fall into such poverty that we made pregnant mothers prepare single-use items? Not at all. A woman who gave birth to three children said she was discharged after a natural birth without a single injection in the hospital. It's true they don't even provide guidance on postpartum care or child health. Despite this, insurance claims a large sum for every birth. Did you know that MNT 60,000 is deducted from insurance for every prenatal checkup? If classified as a high-risk pregnancy, this increases. Moreover, hospitals receive MNT 543,920 from the Health Insurance Fund per person for maternity treatment. For complicated pregnancies with diagnostic injuries, MNT 844,480 is provided. If there is a fetal distress or birth complication, MNT 1,825,200 is paid per diagnosis. In other words, maternity hospitals receive at least MNT 543,000 per mother on the insurer's account. Yet, they complain of being penniless and ask mothers to prepare everything themselves. According to the statistics of the Ulaanbaatar Health Department, an average of 35,000-36,000 mothers give birth in Ulaanbaatar each year. If you calculate the expenses at average rates for 6,000-7,000 women per hospital, maternity hospitals receive about MNT 5-6 billion just for maternity services. With budgets of MNT 543,000 to MNT 845,000 per ordinary childbirth, treating mothers and newborns with such reluctance seems harsh. Can they really take bribes for safely delivering mothers and embezzle the budget claiming childbirth? From this year, according to the Ministry of Health, maternity assistance budget and service costs will increase by 50%, meaning they will receive at least a million MNT from each person. Despite this, the prices of seven types of necessary household items for maternity add up to far less than 40,000 MNT.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Politics

EVENT: Political Parties Demand the Dissolution of Parliament and Organize a Press Conference

N. Uchral: We need to abolish the system where people call the person who appointed them for rescue

Public Opinion to be Included in Tax Law Amendments

Kh. Bulgantuya: All government appointments must follow the merit principle 100%

U.S. to Deploy Troops to Southern Border

Economy

Rio Tinto Proposes to Settle Tax Dispute

Rio Tinto Proposes $295 Million Settlement to End Oyu Tolgoi Tax Dispute with Mongolia

Parliament Approves $450 Million Loan Agreement with India for Oil Refinery

L. Oyun-Erdene: International experts will be invited to work on the Prime Minister's Economic Council

Khan Bank Signs $200 Million Multi-Currency Syndicated Loan Agreement

Mongolian Millennium Challenge Account: Open Job Announcement

A Substantial Reform in State-Owned Enterprise Governance

Mongolian MCA: Hiring for Finance and Accounting Specialist

State-Owned Company Executives May Face Liability for Losses

Plenary Session: Ratification of the Loan Agreement with India

Digital Loan Providers Violating the Law

Bank of Mongolia: Exchange Rate Tends to Weaken in January and February Every Year

Looking for a Sales Representative in the Beverage Industry

Transport Development Bank's Q4 2024 Financial Report Released

Diplomacy

Mongolian and Chinese Border Posts to Rest for Three Days

Deputy Prime Minister T. Dorjkhands Meets Official Representatives During the Davos Summit

Infrastructure

Resolution to Provide Guidance to the Government on the Oil Refinery Project Adopted

Negotiations on Gashuunsukhait-Gantsmod Port Railway Project

Resolution Adopted to Instruct the Government on Implementing the Oil Refinery Project

CONTENT OF THE AGREEMENT: What does the "Gashuunsukhait-Ganqmod Port Railway" project include?

A regulation will be implemented from June 1st prohibiting the issuance of UB number plates to vehicles older than 10 years

"It is Planned to Travel 20-30 Minutes by Tram from Yaarmag to Sukhbaatar Square"

Supported the Agreement to Obtain Additional Loan from India for the Oil Refinery Project

Prioritization of Mega Projects in the Capital

Prioritization of Mega Projects to be Implemented in the Capital

FACT: The Court Considered the Feasibility Study of the "Oil Refinery Plant" Classified and Unavailable to Members of Parliament

Booroljuut Power Plant Supplies 150 MW of Electricity

Ministry of Construction and Urban Development: Offering Graduated Interest Rates on Mortgage Loans Based on Floor Area

DARHAN-UUL: An Electronic System for Public Transport Payments Will Be Introduced

New Zuunmod City to be Named Hunnu City

Society

DORNOGOVI: This year has been declared as the "Year of Supporting Tourism"

Road Closure Route for the Mourning Ceremony of the Late President P. Ochirbat Tomorrow

World Tourism Reaches Pre-Pandemic Levels

Ban on Public Events on National Day of Mourning

UBCTSC: You can get explanations about your electricity bill and calculations

Zavkhan: Collaborating on Ensuring Food Safety

Sukhbaatar: Declaring a Year for Improving Ethics, Responsibility, and Social Security for Civil Servants

BREAKING: Mongolian Student in South Korea Sentenced to 3 Years 6 Months for Manufacturing and Selling Marijuana

Environment

Air Pollution Increase Linked to Lack of New Power Plant Since 1984

Discussion on "Smoke Problem: Legal Environment, Policy, Implementation" to be Held

White Snow Disaster Strikes in Six Provinces

Innovation

Challenges Faced in Developing Artificial Intelligence in Mongolia

For the First Time in Darkhan-Uul, a Smart Greenhouse Without Soil Has Been Built

Intellectual Property Office Granted Patents to 349 Creations in 2024

Health

State Hospitals Temporarily Halt Some Scheduled Surgeries

Maternity Hospitals Accept Bribes, Also Drain the Budget for Giving Birth

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