Mar 14, 2025 65 min read Daily News Summaries

Mongolia News Summary for March 14, 2025

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

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Politics

Consideration of Mongolia's Report at the 143rd Session of the UN Human Rights Committee

Published: 2025-03-13 | Translated from: montsame.mn

The 143rd session of the UN Human Rights Committee was held in Geneva, Switzerland from March 10-12. The session, organized annually in connection with the meeting of the Human Rights Council, was attended by a working group led by N. Myagmar, the State Secretary of the Ministry of Justice and Internal Affairs. They presented and discussed the seventh periodic report of the Government of Mongolia on the implementation of the International Covenant on Civil and Political Rights. The regular meeting of the Global Alliance of National Human Rights Institutions (GANHRI) provides an opportunity for national human rights institutions to not only discuss internal organization and governance issues of the Alliance, but also to exchange knowledge and experience on selected human rights issues, according to the Ministry of Justice and Internal Affairs.

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By-elections for 67 mandates of aimag, capital city, soum, and district local councils to be held

Published: 2025-03-13 | Translated from: montsame.mn

By-elections for local councils of aimag, capital city, soum, and district will be held on June 22. According to the law, by-elections are organized to fill representative seats due to reasons such as the death of a representative, their resignation due to valid reasons, a court decision, transfer from the locality, appointment to a permanent state position, or invalidation of a decision that recognized them as elected for reasons specified in the law on elections of aimag, capital city, soum, and district councils. As of the 10th of this month, decisions have been made to conduct by-elections for 1 mandate each in 2 aimags' local councils and for 65 mandates in 55 soums of 17 aimags' local councils.

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The Regular Spring Session of the Parliament Will Open Next Monday

Published: 2025-03-13 | Translated from: isee.mn

The first regular autumn session of the parliament, established as a result of the 9th parliamentary elections of Mongolia, convened for 81 days. During this session, the following were discussed and approved: 8 independent laws, 29 laws amending existing laws, 7 laws ratifying international agreements, conventions, and treaties, and 8 laws repealing existing laws. A total of 52 laws and 57 resolutions of the State Great Khural were reviewed and approved, and the session concluded last January. The regular spring session of the first 126-member parliament is scheduled to open next Monday, on March 17. During this spring session, the "Agreement on Cross-Border Railway and Coal Trade at Gashuunsukhait-Gantsmod Port, and the Cooperation Agreement to Increase the Capacity of the Tavan Tolgoi Coal Mine" between the Government of Mongolia and the Government of the People's Republic of China is to be submitted to the State Great Khural for discussion.

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The Mayor N. Nyambaatar's Complaint Regarding the Freezing of His Accounts Will Be Discussed Today

Published: 2025-03-13 | Translated from: isee.mn

The complaint filed by N. Nyambaatar against car importers will be discussed today at 14:00 in the primary court. Interestingly, a decision was made last November to ban issuing license plates with Ulaanbaatar city serial numbers to imported cars. Due to this, car importers repeatedly reported that their business freedom was being restricted. In response, the mayor N. Nyambaatar had previously said, "I am not afraid of a few brokers who have collected a few dirty tugriks," referring to the car import business. The "Association of Auto Trade and Automotive Business Entrepreneurs" NGO lodged a complaint over this statement, which is currently under judicial proceedings. Consequently, a judge's order was issued to freeze N. Nyambaatar's assets or money amounting to 1 billion tugriks as claimed. Yesterday, the mayor N. Nyambaatar stated, "My complaint against the judge's order will be heard by the Civil Primary Court of Bayangol, Khan-Uul, and Songinokhairkhan districts."

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The Spring Session of the Parliament to Open on Monday

Published: 2025-03-13 | Translated from: montsame.mn

The regular spring session of the Parliament (Ulsyn Ikh Khural) will open on March 17th. During this session, discussions will be held on the 2026 fiscal framework statement, the draft law on the 2027-2028 budget projections, the draft resolution of the Parliament on "Mongolia's Development Plan for 2026", the execution of the unified budget of Mongolia for 2024, the consolidated financial statements of the Government, and the draft resolution of the Parliament on "Approving the Implementation of the Budget for 2024". Also on the agenda are the draft resolution of the Parliament on "Approving the Strategic Debt Management Document for 2026-2028", the draft resolution on "The Planned Supervision and Inspection Calendar During the Autumn Session of the Parliament in 2025", and the draft resolution on "Issues to be Discussed During the Autumn Session of the Parliament in 2025". Preparations for the issues to be discussed during the spring session have been completed, and it has been decided to open the session at 10 AM on Monday.

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Economy

TODAY: Public-Private Partnership Forum to be Held

Published: 2025-03-13 | Translated from: montsame.mn

Ulaanbaatar. Overview of events happening today: The state visit of Mongolian President U. Khurelsukh to the Republic of Poland, at the invitation of Polish President Andrzej Duda, has begun. 08:30: The Public-Private Partnership Forum will be held at the Holiday Inn hotel. 11:00: In accordance with the decree of Russian President V.V. Putin, a ceremony to award the “80th Anniversary of the Great Victory in the Great Patriotic War of 1941-1945” medal to 25 Mongolian veteran soldiers will be held at the Embassy of Russia. 17:00: The premiere of the serial film "Merch" will be held at the Corporate Convention Center. 18:00: The Mongolia-Japan Economic Partnership Association will hold its opening. For inquiries, please contact: 91917316. On the stage of the State Philharmonic Hall: An international performance by top percussion musicians will be shown. The joint exhibition "Today" by female artists of the era, Z. Uyanga, D. Burdaa, and M. Bayarmagnai, will continue at the Zanabazar Museum until March 15. The "Gegée/Glow" joint exhibition by artists will continue at the "Norfei Art" gallery until March 24. The play "Waiting for You Under the Elm Tree" is being performed on the stage of the Ulaanbaatar Puppet Theatre until March 18. Until April 1, the “Mutual Respect” monthly campaign, which is traditionally organized nationwide, will continue. In the regions: Speaker of the Parliament D. Amarbaysgalan will work in Dundgovi Province. During this time, a cooperative council meeting will be held.

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Cooperation with China to Increase SME Exports

Published: 2025-03-13 | Translated from: montsame.mn

Minister of Digital Development, Innovation, and Communications Ts. Baatarkhuu met with the Ambassador Extraordinary and Plenipotentiary of China to Mongolia, Shen Minjuan, and other officials yesterday. The parties exchanged ideas on elevating cooperation in the fields of science and information technology between the two countries. Minister Ts. Baatarkhuu highlighted that China is a leader in science and information technology, effectively creating high productivity at minimal cost in the field of artificial intelligence, and at the same time becoming a powerful nation by holding numerous new ideas and patents globally. Additionally, efforts are being made to accelerate the export of Mongolia's small and medium-sized enterprises' products through Alibaba in the field of e-commerce, with a bilateral online meeting planned for this March. Furthermore, the Government of Mongolia is planning to renovate Zuunmod city in Tuv Province as part of the Regional Development Plan and establish it as "Khunnu" city, with aims to create a science and information technology park.

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Mongolian-Czech Businessmen Sign Cooperation Agreement

Published: 2025-03-13 | Translated from: montsame.mn

The Mongolian-Czech business forum, which took place with the participation of the Presidents of Mongolia and the Czech Republic, was successfully held. During the forum, L. Tser-Od, President of the Mongolian National Chamber of Commerce and Industry, emphasized in his speech that the Czech Republic, as a member of the European Union, has extensive experience in technology, innovation, and industrial sectors. Mongolia, on the other hand, has abundant natural resources, energy reserves, and agricultural products. These factors are the foundation for further expanding the economic cooperation between the two countries. The Mongolian-Czech business forum was attended by more than 200 representatives from over 150 enterprises and companies from sectors such as food, agriculture, light industry, trade and services, mining, minerals, construction, energy, education, and health. During this event, the Presidents of the Chambers of the two countries signed the "Plan of Action between the Mongolian-Czech Chambers of Commerce and Industry." As part of the Mongolian-Czech business forum, more than 10 Mongolian companies found new business and investment partners, resulting in business agreements amounting to a total of 6.3 million USD. Over the past 10 years, trade turnover between the two countries has increased by 1.37 times. Mongolia exports products such as molybdenum ore and concentrate, chemicals, and wool and cashmere, while importing products from the Czech Republic such as plastics, metals, food, health manufacturing equipment, and energy technologies. As of last year, the trade turnover between the two countries reached 18 million USD, with Mongolia's exports over 300 thousand USD and imports around 17 million USD. Mongolia supplies cashmere goods, clothing, knitwear, and prefabricated structures, while importing blasting wires, fuses, detonators, electric heating boilers, medicines, and pharmaceutical products. From 1900 to 2017, 80 enterprises with Czech-exclusive and joint investments have invested 9.2 million USD, with over 60% operating in trade, geology, mining exploration, extraction, food manufacturing, engineering construction, and construction materials production. The Czech Republic has implemented projects with funding of more than 50 million USD between 1996 and 2017. This year marks the 75th anniversary of diplomatic ties between Mongolia and the Czech Republic. President U. HurelSukh has noted that even before this, the friendship and cooperation between the two countries had started, with both countries being rich in history and cultural heritage, showcasing a wide range of traditional business relations. A notable example is the Czech exploration of the Erdenet deposit, which significantly contributed to Mongolia's development. Currently, beyond traditional sectors, there are opportunities for cooperation in advanced technologies, innovations, know-how, transport logistics, and agreements for 14 mega projects inviting major Czech companies to share their experience. During the forum, it was also discussed that Mongolian companies should take advantage of exporting a wide range of 7200 products with concessions to Europe. The Mongolian government has taken steps to develop the country through a Regional Development Policy, which aims to expand the market and increase exports as one of its main goals. In this context, the geographical location of the Czech Republic, its traditional friendly relations, and its broad economic and business partnerships are of great importance for expanding the market towards European countries.

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Stop Tax Evasion and Increase Tax Transparency

Published: 2025-03-13 | Translated from: gogo.mn

At the headquarters of the Organization for Economic Cooperation and Development in Paris, France, a "Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information" was signed. Additionally, representatives from the Ministry of Finance signed the "Multilateral Competent Authority Agreement on Country-by-Country Reporting." This represents an important step towards implementing international tax standards and creating a fair tax system. The "Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information" aims to stop tax evasion and increase tax transparency. By joining this agreement, Mongolia will have the full ability to exchange information about bank accounts and financial assets with other countries. The "Multilateral Competent Authority Agreement on Country-by-Country Reporting" allows multinational corporations to prepare tax reports for each country in which they operate and provides the opportunity for tax authorities to exchange reports with one another. The aim of this agreement is to ensure the transparency of activities of multinational groups operating worldwide and to prevent them from evading taxes. By signing these agreements as part of international tax cooperation, Mongolia is achieving significant progress in exchanging information for tax purposes, protecting its tax revenue, and strengthening a fair tax system in accordance with international tax standards. The Ministry of Finance fondly remembers and respects the hard work and dedication of the late D. Buyandelger, an esteemed partner who made invaluable contributions to these important works. His efforts played a crucial role in Mongolia's international tax cooperation and in achieving our common goals.

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Position: Businesses are finding it difficult to bear costs even after downsizing

Published: 2025-03-13 | Translated from: news.mn

The government increased electricity prices last November according to the tariffs issued by the Energy Regulatory Commission. The electricity prices for businesses were increased by 30%, while household consumption rates were increased by 30-85% in three tiers. Furthermore, officials announced upcoming increases in fees for heating, hot, and cold water. In the coming months, special groups have been formed for businesses, calculating higher payment rates than households. Business owners express that making consumption costs extremely high during this difficult time, when they can barely pay their social insurance premiums due to tax burdens, is essentially an attempt by the state to bankrupt businesses. We sought the opinion of economists on this matter. "INCREASE IN CONSUMPTION COSTS WILL HAVE A NEGATIVE IMPACT ON ECONOMIC GROWTH" Economist D. AMGALAN: "It seems that both the public and businesses will face economic hardships. For instance, the minimum wage will be 792 thousand MNT starting April 1st. This means increased social insurance premium payments for citizens and businesses, adding to their financial pressure. Moreover, increases in water and heating prices will raise business operating and fixed costs, directly impacting profitability. Further increases in consumption costs and product price rises will also affect the ability of businesses to sustain their expenses. Additionally, financial constraints may lead to negative outcomes such as workforce downsizing, layoffs, and salary cuts. An increase in taxes and fees will lead to higher product prices, which ultimately negatively impacts overall economic growth." "EITHER INFLATION OR UNEMPLOYMENT WILL RISE" Economist B. SOSORBARAM: "Looking at the tax burden and the upcoming increases in heating and water fees, operational costs will rise, bringing businesses to a decision on how to cover these costs given current production capacity. Businesses might choose to offset operational cost increases by raising the prices of their products and services, or they might reduce the number of employees to lower costs and focus on increasing productivity. Both choices have significant negative economic consequences. If businesses choose to cover operational cost increases by raising product and service prices, inflation will rise. Alternatively, if they decide to decrease workforce numbers, there is a risk of increased unemployment."

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U.S. Tariffs Will Be a Bitter Pill for India

Published: 2025-03-13 | Translated from: news.mn

The controversy over the U.S. president's tariffs continues. He plans to impose taxes on imports from India starting next month. Nearly half of the medicines imported by the U.S. come solely from India. In other words, 9 out of 10 prescription medicines in the U.S. are Indian. Cheap Indian drugs save the U.S. health care system billions of dollars. According to a study by the consulting firm IQVIA, the U.S. saved $219 billion in 2022 alone. However, with the imposition of import taxes starting next month, Americans may no longer have access to certain types of Indian drugs, and companies may be forced out of the market. India's Minister of Trade, Piyush Goyal, visited the U.S. last week as part of a plan to negotiate trade agreements. He expressed a desire to prevent the imposition of additional taxes on India's important export sectors. If his visit was unsuccessful, the already strained market is expected to further deteriorate. Of course, the impact will be most felt by patients who depend on these medicines. About 60% of prescriptions in the U.S. for cardiovascular diseases and psychiatric disorders are for Indian drugs. Particularly for the anti-stress drug Sertraline, which is indispensable and highly demanded by Americans, the dependence on Indian pharmaceutical supplies is evident. Industry experts state that Indian drugs are at least 3-4 times cheaper than those manufactured in the U.S. For Indians, this decision will also be a bitter pill. The pharmaceutical sector is India's largest industrial export, with the country exporting $12.7 billion worth of drugs annually, with almost no taxes. SOURCE: BBC

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The Law on Public-Private Partnerships Does Not Apply in Mining, Minerals, and Banking Sectors

Published: 2025-03-13 | Translated from: itoim.mn

Within the forum on public-private partnerships, projects to be implemented through partnerships have been presented as outlined in legal frameworks and Mongolia's development policy documents. Discussions were held on whether these open up opportunities for gaining the trust of public-private partnerships and for guaranteed long-term investments. M. Amgalanbaatar stated, "The result of public-private partnerships will reduce the burden on the state budget." The director of the Public-Private Partnership Center, M. Amgalanbaatar, highlighted that the center has been established and is organizing its first forum. The main goal of the forum is to showcase the stages of projects that can be implemented, or are being implemented, to investors, the private sector, sector ministries, and external donor organizations. Six public-private partnership projects are being studied, including two projects initiated by the private sector and four initiated by sector ministries. He noted that the main feature of public-private partnerships is to reduce the burden on the state budget, as not all projects in energy, roads, and construction can be funded solely through state budget investments. Hence, most projects studied at the center involve private sector investments, with returns for up to 30 years. B. Anar mentioned, "Public-private partnership laws do not apply in mining, minerals, and banking sectors." The head of the Investment Integrated Policy and Coordination Department at the MEF, B. Anar, explained that the government's operation program sets out 41 projects initiated and implemented by the state through public-private partnerships. Given the limitations of the state budget, the law on public-private partnerships, which provides opportunities to advance large projects, is essential. This law was first approved in 2022, and modifications were made in 2024. These changes allow regional areas that have not received state budget subsidies in the last three years or areas with populations over 100,000 to independently implement partnership projects, thereby reducing previously required multiple stages under the law. He noted the intention to propose changes in 2-3 directions, such as opening up restrictions currently in place for the private sector in fields like mining, minerals, and banking. Additionally, he mentioned the need to shorten the time-consuming process for regulating projects under partnerships and to include projects initiated by the private sector for implementation within partnerships. Initial presentations on principal changes, such as distinguishing between mandatory comprehensive feasibility studies and those that are not, have also been made. D. Altangerel stated, "We focus on not creating bureaucracy when public-private sectors work together." The Counselor to the Minister of MEF, D. Altangerel, expressed the expectation to discuss changes to the Law on Public-Private Partnerships during the autumn session, focusing on minimizing bureaucracy. He emphasized that the quality and stability of a country’s legal environment are crucial to domestic and foreign private sectors and investors. There are 149 small projects from the 14 mega projects the government plans to implement under public-private partnerships. Successful negotiations have led to an increase in coal exports with neighboring countries, aiming for stability.

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Minimum Wage to Increase Starting Next Month

Published: 2025-03-13 | Translated from: montsame.mn

The minimum wage will be increased to 792,000 MNT starting from April 1 this year. The General Office for Social Insurance has announced that the contribution rate will remain at 13.5 percent. For parents caring for a child with a developmental disability under the age of 18, who are not employed, contributions will be based on the minimum wage, with insurance benefits and occupational disease contributions amounting to 15,840 MNT per month to be paid by the insured. Additionally, the government will pay 91,080 MNT, which is 11.5 percent of the pension insurance contribution based on the minimum wage of 792,000 MNT, from the state budget. Historically, the minimum wage was 9,600 MNT in 1995 and 140,000 MNT in 2011. Since then, it has increased eight times, growing 5.6-fold to the current 660,000 MNT. With the update in the minimum wage, those who previously paid 89,100 MNT in social insurance contributions based on a 660,000 MNT minimum wage will now pay 106,320 MNT from a 792,000 MNT base.

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Housing Prices Continue to Rise, Reaching 5.6 Million MNT per Square Meter

Published: 2025-03-13 | Translated from: news.mn

The National Statistics Office announced that housing prices in February this year increased by 12.7% compared to the previous year. Specifically, the price of new housing increased by 15.4% compared to the same period last year, and by 1.4% compared to the previous month. The average price per square meter of a new apartment is 4.4 million MNT, with the highest price in the Sukhbaatar district at 5.61 million MNT. The price of old apartments has also risen, matching the price of new apartments, which is drawing attention. Specifically, the average price per square meter of an old apartment is 4.5 million MNT, and in the Sukhbaatar district, it has reached 5.67 million MNT, surpassing the price of new apartments. Mongolia has 996,000 households, but 71%, or two-thirds, of them do not own their own homes, according to a study by the Ministry of Families, Labor, and Social Protection. Furthermore, as of 2023, there are 333,000 households without housing, with uncertain monthly income, and not paying social insurance contributions. There are an additional 300,000 households with monthly incomes ranging from 460,000 to 660,000 MNT, according to the same ministry. Essentially, for the joint government, one of the pressing issues is how to provide housing for low and middle-income citizens and address air and soil pollution. Young families are particularly affected by the housing crisis. With housing prices increasing every month, it has become difficult to gather the 30% down payment. For instance, to purchase a 50 square meter apartment with a price of 4.4 million MNT per square meter, a down payment of 66 million MNT is required. As a result, some are considering going abroad to earn the down payment. However, due to the price increases, the cost of housing, whether new or old, is approaching that of luxury apartments. In this situation, the government's goal of building and utilizing 150,000 family apartments during its mandate might become unattainable. Even if built, how many people can afford these high-priced apartments? It will certainly turn into a program inaccessible for the target group, which consists of low to middle-income citizens. Therefore, if the government does not clarify its housing program for the targeted group, few people will be able to afford housing amid rising prices. According to the Central Bank governor, a regulation is being prepared to allow mortgage loan interest rates to be up to a maximum of 14%, with commercial banks being consulted. Specifically, based on the location and size of the apartment being purchased through a mortgage, the interest rate is calculated to range from 6% to 14%. For example, a high-interest mortgage loan would be issued for apartments located in the central part of Ulaanbaatar city, while the rate decreases to 6% as it reaches the outskirts and rural areas. Also, it has been announced that the policy of providing this opportunity to first-time mortgage borrowers will be implemented. However, the public warns that no matter how many regulations are approved, if the housing prices remain high, the aim to house the target group will still not be achieved.

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Fitch Agency Rates Golomt Bank's Credit Rating as 'B+ Stable'

Published: 2025-03-13 | Translated from: gogo.mn

The international rating agency Fitch has rated Golomt Bank's credit rating as 'B+ Stable'. This rating is an important endorsement of Golomt Bank's financial stability and market position at an international level. According to Fitch's report, factors such as the increase in Golomt Bank's revenue, improvement in the quality of the loan portfolio, and diversification of the loan portfolio mainly contributed to the 'B+ Stable' rating. With this, Golomt Bank has become the only commercial bank in Mongolia to receive simultaneous ratings from the world's leading agencies Fitch, Moody’s, and S&P Global, proving itself as a trusted and open financial institution among international investors. In the future, Golomt Bank will continue to strengthen its position in the international financial market and maintain the trust of its customers and investors at a high level. World-standard-Mongolian bank

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Wheat Production May Decrease by Up to 50% Due to Joining the Eurasian Economic Union

Published: 2025-03-13 | Translated from: itoim.mn

Mongolia was initially actively discussing signing a free trade provisional agreement with the Eurasian Economic Union (EAEU) before the end of the year, but the matter has since quieted down. However, the issue of Mongolia joining this agreement is expected to regain momentum in the spring. In this context, let's give you an overview of how this agreement might impact the agricultural sector. Mongolia's agricultural sector is steadily developing despite facing challenges such as climate influence, soil issues, and the need to introduce advanced technologies. At a time when the country is pursuing policies aimed at fully meeting domestic demand and increasing exports, it appears that Mongolia's accession to the Eurasian Economic Union could negatively impact farmers in the following ways: 1. Increase in low-cost imported products: Member countries of the EAEU, especially Russia, Kazakhstan, and Belarus, are major agricultural producers known for supplying agricultural products at relatively low prices. If Mongolia joins this agreement, import tariffs on foreign agricultural products will decrease, posing a risk to domestic farmers due to potential losses in product price and competitiveness. 2. Risk of domination by foreign agricultural corporations: Large agricultural companies from EAEU member countries with government support could more easily penetrate the Mongolian market. This increases the risk that small and medium farmers could be driven out of the market. 3. Challenges in exporting Mongolian agricultural products: Mongolia's agricultural sector is characterized by high costs and low production volumes, making it challenging to compete in the union's market. For example, it is difficult to see how Mongolian wheat, potatoes, and vegetables can compete equally with the low-cost, similar products from Kazakhstan and Russia. 4. Changes in agricultural policy and support: EAEU member countries finance their agricultural sectors with government support. If Mongolia joins the union, there is a possibility that domestic agricultural policy could change, reducing or restricting government support. From this perspective, it appears that Mongolia's accession to the EAEU would increase the supply of cheap foreign agricultural products, posing a risk to the competitiveness of domestic farmers. Thus, it is important to develop policies to protect against foreign goods and mechanisms to support the domestic agricultural sector before deciding to join. During the "Analysis Show, Governance and Market" live program on NTV television, policymakers and industry representatives expressed their views on the matter as follows: President of the National Union of Mongolian Farmers, L. Bayartulga: "The agricultural sector has many different directions. Currently, there are about 1100 wheat farmers in our country, although this number fluctuates greatly. In 2007, the global food price increase occurred, and in 2008, Mongolia was unable to fully meet its domestic flour demand. As a result, the "Atryn III Campaign" was implemented with the goal of meeting domestic needs with wheat. In this sense, food security and self-sufficiency are very important issues. Our neighbor Russia is interested in exporting due to its highly developed wheat production. However, if imported wheat enters the market, our market shrinks, and farmers have to compete at high costs. Russia has advantages such as producing fuel, having developed agricultural machinery, spare parts, seed production, and being more suitable climate-wise. Currently, market risk is the biggest challenge. Furthermore, wheat production is likely to decrease by up to 50%. Recent information suggests that the free trade agreement with the Eurasian Economic Union includes a provision to import 180,000 tons of hard and soft wheat. Mongolians hardly use hard wheat, which is only used for noodle production, so it is clear that soft wheat will mainly be imported. Our country's annual flour consumption is 240,000 tons, requiring 300,000 tons of wheat for production. Thus, reducing production by 50% is necessary to maintain internal balance. As the market contracts to this extent, jobs, transportation, production, and many businesses will start to falter to some degree. In such a situation, the government must implement policies to support farmers. One solution could be the "Atryn IV Campaign." This is because the livestock sector forms a major domestic feed market. If meat is exported, a favorable flow can be created. However, this requires time to implement. If farmers align domestic production with animal husbandry and focus on export over the next five years, the situation may change. Additionally, there is a clause that allows the importation of products worth up to 5,000 euros without requiring origin, which should not be accepted. This provision creates conditions for smuggled food products to enter Mongolia, potentially negatively impacting food security. Member of the Parliament of Mongolia, Member of the Standing Committee on Environment, Food, Agriculture and Light Industry Affairs, M. Mandhai: "By increasing imports, there is a risk of reducing domestic wheat production. Our country is implementing policies to reduce over-reliance on mining and keep rural residents' jobs and income stable by supporting the agricultural sector. The "Atryn IV Campaign" started on January 1st this year. According to 2024 statistics, approximately 1500 enterprises are engaged in grain production. Furthermore, 800 billion tugriks of integrated investment is being made in the agricultural sector. Around 90% of income tax is being waived for citizens running businesses, which are some of the significant actions being taken under the "Food Revolution." However, since most of the goods exported from Mongolia are not final products, the economic benefits gained from the market are low. From the example of the Mongolia-Japan economic partnership agreement, it is becoming questionable whether this agreement is truly a balanced trade agreement for us. With large agricultural movements like the "Food Revolution" and "White Gold" developing, and the government providing budgetary support to manufacturers, the issue of importing 74 types of agricultural products from Russia is raised, reflecting a policy contradiction. We must carefully address this issue and protect national production."

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Fitch affirms Golomt Bank’s credit rating at “B+” with a stable outlook

Published: 2025-03-13 | Translated from: itoim.mn

On March 11, 2025, the international rating agency Fitch Ratings evaluated Golomt Bank’s credit rating at “B+” with a stable outlook. This rating is an important affirmation of Golomt Bank's financial stability and market position at the international level. According to the Fitch agency report, factors such as increased profitability, improved loan portfolio quality, and greater loan portfolio diversification contributed to assigning the “B+” stable rating. Thus, Golomt Bank has become the only commercial bank in Mongolia to be rated by the leading global agencies Fitch, Moody’s, and S&P Global, demonstrating its reliability and transparency to international investors. In the future, Golomt Bank will further strengthen its position in the international financial market and continue to earn the trust of its customers and investors. Mongolia’s benchmark bank

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Prices of New Apartments Rise by 7.4%, Old Apartments by 15.4%

Published: 2025-03-13 | Translated from: unuudur.mn

The housing price index increased by 12.7% in February of this year compared to the same period last year. Specifically, the price of new apartments rose by 7.4% compared to the same period last year and by 0.2% from the previous month. Meanwhile, the price of old apartments increased by 15.4% compared to the same period last year and by 1.4% from the previous month, according to the National Statistical Office. The average price per square meter of housing stands at 4.4-4.5 million MNT. In terms of location, the price per square meter for both new and old apartments is the highest in Sukhbaatar district, reaching 5.61-5.67 million MNT. Moreover, comparing the average price of new apartments to the same period last year, Sukhbaatar district saw a 31.1% increase, the highest, while Khan-Uul experienced a 3.9% increase, the lowest. As for the average price of old apartments when compared to the same period last year, Chingeltei district saw a 33.6% increase, the highest, while Songino Khairkhan saw an increase of 12.6%, the lowest.

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What is the average price per square meter of new and old apartments in Ulaanbaatar?

Published: 2025-03-13 | Translated from: gogo.mn

The National Statistics Office has reported that the price of apartments increased by 12.7 percent in February 2025 compared to the same period last year. The average price per square meter of new apartments is 4.5 million MNT, whereas the average price per square meter of old apartments is 4.4 million MNT. The average price per square meter of both new and old apartments is the highest in the Sukhbaatar district. In terms of the age of the apartments, the price of new apartments increased by 7.4 percent compared to the same period last year, while the price of old apartments increased by 15.4 percent respectively.

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Cooperative Herdsmen Receive 758 Billion Tugrik in Preferential Loans

Published: 2025-03-13 | Translated from: gogo.mn

The Speaker of the State Great Khural, D. Amarbaysgalan, and Member of Parliament M. Mandkhai worked in Arkhangaï province and participated in the Cooperators' consultation. The "New Cooperative" movement, aimed at investing in the traditional livestock sector which employs 24% of the workforce and produces 10% of the country's GDP, was launched to increase herders' household income through cooperatives and stabilize the cash flow of raw materials and products derived from livestock. Since then, 8,971 cooperatives have been newly established nationwide, with 88,320 herders joining as members. In the past nine months, 22,359 herders from a total of 6,364 cooperatives have received 758 billion tugriks in preferential loans. During the consultation, representatives from Arkhangaï province's cooperators discussed the implementation, results, and some pressing issues of the "New Cooperative" movement, consolidating concepts related to loan disbursement, repayment, taxation, and insurance, and shared best practices. Under the "New Cooperative" movement, 2,008 members from 514 cooperatives in Arkhangaï province obtained 57.8 billion tugriks in preferential loans. Speaker D. Amarbaysgalan noted in his speech that the Khangai region has full potential to stabilize the domestic food supply chain based on intensive animal husbandry. He emphasized that cooperators should supply specialized products to centralized markets, become an essential component of the production chain, and contribute significantly to increasing trade turnover in their region. Efforts to allocate land to cooperatives and their members for livestock production and green forage cultivation have been accelerated, and support was expressed for middle cooperatives to operate as model legal entities. Additionally, it was stated that cooperatives should focus on introducing standards in their operations and products, consistently training their members, and providing opportunities to participate in programs that study experiences from developed cooperative countries. The continued implementation of the "New Cooperative" movement will stabilize herders' incomes and develop household and small and medium-sized production. Food supply and distribution networks will be established, with the advantage of increased concentration in local areas, which was unanimously agreed upon by the cooperators attending the consultation as reported by the State Great Khural’s press office.

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Z. Narantuya: The Development Bank will issue bonds worth two trillion Tugriks

Published: 2025-03-13 | Translated from: itoim.mn

Interview with the Executive Director of the Development Bank, Z. Narantuya. You have not been in your position for long. What is the current situation of the Development Bank, and what is the amount of non-performing loans? The work done at the Development Bank in the past three months focuses on cleaning up the balance sheet. There are accumulated debt and loan issues over many years. Although we have paid off many loans with the help of media, legal, and judicial organizations, there are still many more to settle. We have identified around 918 billion Tugriks worth of loans and have set up a repayment schedule. There are 3 or 4 large-scale projects that were considered important to the national economy, which were given loans. Waiting for the disputes related to these loans to resolve would be unsustainable for the bank financially. Therefore, we are actively working to recover these loans and identify responsible parties. The second and most important task is to increase the capital of the Development Bank. It has been a long time since the capital has not been increased. With rising losses and loan risk costs, the adequacy of capital has deteriorated. We are working on negotiations to solve this without putting pressure on the budget or burdening the government. How much will it be increased by, and what will be the source of funding? We are discussing increasing the bank's capital by two trillion Tugriks. This will soon be decided at a government meeting. The main point is that the Development Bank has not engaged in project financing, which was its purpose since establishment. Therefore, we are working on the legal framework to do what needs to be done and truly engage in project financing. Yesterday, the government meeting decided to submit the revised draft law on the Development Bank to Parliament. The work I mentioned on cleaning up the balance sheet and improving our financial indicators is starting to show results. As a result, there is now an opportunity to attract sources again from foreign and international organizations and the capital market. Does this mean you will issue bonds? Yes, we will issue bonds to raise funds, and through development financing, there is an opportunity to take out loans. As the country's rating and financial indicators improve, opportunities arise. With the raised funds, we will finance new loans and projects. However, to avoid creating bad loans again, we will renew and establish financial funding rules, policies, and standards. The Development Bank will include in its law what it can and cannot do. In summary, we will increase our capital domestically. The additional source is to raise funds from the international market or issue bonds. Will this not affect the national debt ceiling? The bonds issued by the Development Bank will not have a government guarantee. Therefore, it will not add to the government's debt. It is said that the Development Bank has been saved from bankruptcy by paying off non-performing loans, yet half of the issued loans have not been repaid and remain non-performing. Is there a possibility of recovering these loans? The Development Bank is a business entity. Currently, issues of some of the 27 companies that have not repaid their loans are being investigated by legal and judicial organizations. However, since the taken loans can be repaid, we are re-evaluating whether the projects can be implemented and whether they generate cash flow from a business perspective. Therefore, we have developed a detailed plan to recover the non-performing loans. In any bank or financial institution, the customer is king, and the customer's interests should come first. Hence, I am pursuing a policy of jointly discussing ways to help customers out of difficulties. There are many objects seized by the Development Bank. What is the amount of seized assets? What measures will be taken to put them into economic circulation? The loans issued by the Development Bank are much larger than those issued by commercial banks. For that reason, the projects implemented are large. Instead of calling them non-performing, we regard them as delayed or faced difficulties. Therefore, funds will start flowing normally only when these projects are implemented properly, and the loans will be repaid. We will evaluate and study each project carefully and thoroughly. The Development Bank issues loans to the oil refinery. How much has been issued so far? The oil refinery is a very important project for our country's economy. The Development Bank is involved in a small part of this project. As of today, the Development Bank has issued about 171 billion Tugriks in financing for this project. We are taking measures to avoid conflicts and ensure the repayment schedule is uninterrupted. From when was the repayment supposed to begin as stipulated in the contract? It was stipulated to begin after the plant starts operation. Therefore, the timing is still in accordance with the agreement. Thank you for the interview.

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Changes in Mortgage Insurance Premiums

Published: 2025-03-13 | Translated from: news.mn

The Financial Regulation Commission's revised regulations on mortgage insurance have been approved. Homeowners with mortgage loans are now required to insure their collateral property with regular insurance companies, but they must insure their life and health through long-term insurance. We discussed the start of the new regulation's implementation and related issues with N. Batsetseg, senior referent of the Insurance Department of the Financial Regulatory Commission. - Commercial banks require mortgage loans to be covered by mortgage insurance. Borrowers used to choose any insurance company and renew their insurance annually. Why is the Financial Regulatory Commission changing this? - Mortgage insurance typically has two types of specialized services: the insurance of collateral property for the mortgage loan and the borrower's life and health insurance. The collateral property insurance covers the property pledged for the loan, protecting against five main risks: fire, electricity, natural disasters other than earthquakes, and third-party risks. Additional risks can also be covered by agreement with the insurance company. For example, if a fire risk occurs, the borrower can claim compensation from the insurance company. Borrowers often choose cheaper, regular insurance that only covers accidental risks, such as industrial or household accidents. However, they don't opt for long-term insurance products, which leads to problems with compensation. The borrower is left unprotected by their insurance contract due to financial risks. Therefore, we have introduced changes to match the best international practices. Internationally, people with mortgage loans usually have long-term life insurance. With this change, regular insurance companies will continue to insure collateral property, while only long-term insurance companies will handle life and health insurance. - When will this regulation take effect? - This regulation will be implemented starting August 1st, 2025. - The need for borrowers to join long-term insurance is primarily related to compensation. How many people have suffered because of this? - Sixteen regular insurance companies are registered with the Financial Regulation Commission for collateral property insurance. As of 2024, seven companies have paid approximately 931 million MNT in compensation for 470 insurance contracts. Meanwhile, for life and health insurance, 27 contracts resulted in compensation of 1.1 billion MNT. The Financial Regulatory Commission protects consumer rights, resolving related disputes in advance. Complaints related to mortgage insurance are significant, with 84% of complaints about the borrower's health and life insurance, and 92% involve compensation issues. Since borrowers choose regular insurance services, which only cover accidental risks, they aren't protected against the main causes of death, such as illness. So, if diseases like stroke or cancer occur, this insurance won't cover them. The main advantage of this regulation is that it provides 5-6 times better insurance protection than regular insurance. Although it protects from financial risks, some argue this negatively impacts the rights of insured individuals because long-term insurance may be more expensive than regular insurance, often costing over 100,000 MNT annually. Insurance protection increases by 5-6 times, resulting in changes to premiums. However, insurance companies set their own premiums based on expert calculations. Regular insurance premiums are uniform for all borrowers, while long-term insurance premiums vary based on age and health level. - With increased mortgage financing, banks are overwhelmed with loan applications. How will this regulation affect new applicants and existing borrowers? - As mentioned, this regulation takes effect on August 1st, 2025. New borrowers will comply with the new regulations, while those with existing contracts must switch to long-term insurance at renewal. - Could you explain what happens if a borrower doesn't join a long-term mortgage insurance plan? - Mortgage insurance itself is voluntary. It's a requirement set by banks, based on the Central Bank's mortgage loan regulations. In Mongolia, two companies have licenses from the Financial Regulatory Commission to offer long-term insurance, or what is internationally known as "life insurance."

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If the intergovernmental agreement on the Gashuunsukhait-Gantsmod border is ratified, 5 million tons of coal will be additionally exported

Published: 2025-03-13 | Translated from: ikon.mn

The intergovernmental agreement between the Government of Mongolia and the Government of the People's Republic of China, concerning the cross-border railway at the Gashuunsukhait-Gantsmod port, coal trade, and cooperation to increase the capacity of the Tavan Tolgoi coal mine, is set to be submitted to the State Great Khural for approval. In a briefing yesterday, Minister of Industry and Mineral Resources Ts. Tuvdann stated, "This decision will have many positive impacts, both directly and indirectly. At a time when coal prices are falling and there is a risk of a budget shortfall, this decision is crucial. Once the agreement is ratified, inter-company contracts can be made, enabling the sale of an additional 5,000,000 tons of coking and other types of coal to China Energy Company." Furthermore, the issue of cross-border railway connections will not only affect Gashuunsukhait-Gantsmod, but also Hangi-Mandal, Shiveekhuren-Sekhe, Bichigt-Zuunkhataat, and could potentially lead to many positive developments, including the eastern and western corridors to be built between the three countries. This could revive stalled major projects with our southern neighbor. The spring session of the State Great Khural will open soon, and one of the first issues to be discussed will be the ratification of the intergovernmental treaty. The "Government Action Plan of Mongolia 2024-2028" outlines the implementation of 14 mega projects within four main policy areas, with the first being the construction of cross-border railway connections and transshipment terminals at the Gashuunsukhait-Gantsmod, Hangi-Mandal, and Shiveekhuren-Sekhe border points. The "Intergovernmental Agreement between the Government of Mongolia and the Government of the People's Republic of China on Cross-Border Railway at Gashuunsukhait-Gantsmod Port, Coal Trade, and Cooperation to Increase the Capacity of the Tavan Tolgoi Coal Mine" was established on February 14, 2025. Warning: Media organizations (TV, Radio, Social and Web pages) must cite the source (ikon.mn) when using our information in any form, in whole or in part.

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Revenue from Natural Resource Utilization Fees Increases

Published: 2025-03-13 | Translated from: montsame.mn

During the past fiscal year, revenue from natural resource utilization fees amounted to 283.994 billion MNT, which is an increase of 30.6637 billion MNT compared to 2023. To specify the total revenue from natural resource utilization fees: land fees contributed 162.2957 billion, water resource fees contributed 86.9394 billion, forest resource fees contributed 20.0449 billion, animal resource fees contributed 14.3503 billion, and plant resource fees contributed 363.7 million MNT. According to the law, revenue from these fees collected from individuals, businesses, and organizations for using forests, wildlife, plants, and land is centralized into the local budget. By law, a portion of this revenue is allocated for environmental protection and restoration costs. In accordance with this, the 2024 decision by the governors and local councils of aimags, the capital, sums, and districts approved a budget of 72.5816 billion MNT to be used for environmental protection and restoration as stipulated by the law on natural resource utilization fees, which is four times more than the figure in 2021. According to the financial performance report at the end of the last year, 47.3822 billion MNT was spent or 64.3% of the procedure implementation, as reported by the Ministry of Environment and Tourism.

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Diplomacy

President of Mongolia U. Khurelsukh Officially Welcomed by Polish President A. Duda

Published: 2025-03-13 | Translated from: montsame.mn

The President of Mongolia, U. Khurelsukh, who is on a state visit to the Republic of Poland, was officially welcomed by the President of Poland, Andrzej Duda, at the Presidential Palace. After the national anthems of both countries were played and a ceremonial gun salute was fired, the commander of the state's honor guard reported to President Khurelsukh. The heads of state greeted the official representatives of Mongolia and Poland who participated in the welcoming ceremony. The Polish Presidential Palace, which began construction in 1643, is an architectural structure intrinsically linked with the history of Poland. President A. Duda resides and works in the palace, where, besides presidential meetings, ceremonies and honors for heads of state and high-level foreign representatives are organized. Mongolia and Poland established diplomatic relations on April 14, 1950. Poland has a population of over 37 million and is governed by a parliamentary system, consisting of two chambers: the Sejm and the Senate. Members of the Sejm are elected through proportional representation, while Senators are elected by a majoritarian system. President A. Duda was re-elected in 2020 for a five-year term. He graduated in 1996 with a degree in law and administration and obtained a doctorate with a dissertation on "Legal Interests in Polish Administrative Law." Poland's Gross Domestic Product (GDP) is over 860 billion US dollars, with a per capita GDP of over 23,000 US dollars. The average salary is over 2,000 euros, and the average pension is 940 euros. Industry, services, agriculture, metallurgy, and mining are considered key sectors of its economy. Each year, Poland exports and imports machinery, equipment, chemical products, food, agricultural products, and metallurgical products worth over 350 billion euros. Foreign direct investment continues to grow annually, reaching 3.7 billion euros.

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USAID Projects at Risk of Suspension in Mongolia

Published: 2025-03-13 | Translated from: itoim.mn

Recently, U.S. Secretary of State Marco Rubio announced the suspension of 83% of USAID's programs, stopping 5,200 out of 6,200 initiatives. This large-scale suspension of programs by the agency could negatively impact humanitarian aid and development projects in many countries around the world, potentially affecting the livelihoods, health, and education of millions of people. Since 1991, the agency has been operating in Mongolia, implementing a variety of projects and programs to support economic growth, strengthen democracy, and promote education, health, and business development. Although USAID's projects and programs in Mongolia have decreased in recent years, the strategic partnership between the U.S. and Mongolia continues. As a result of the decision to cease USAID programs, there is a possibility that projects that were active in Mongolia might also be halted. While there is no official information released yet, if this decision affects USAID projects in Mongolia, it could have negative impacts on small and medium enterprises, anti-corruption policies, and education. Major USAID Projects and Programs in Mongolia: - Mongolia Energy Governance Project (2023-2028)
This program, funded by USAID, started in May 2022 with a total funding of $12 million over five years to improve Mongolia's energy governance, enhance the legislative environment, strengthen capacity, increase private sector investment, and implement model projects. Due to the suspension of USAID projects, this program is likely to be halted. - Vegetable Production and Market Access Expansion Project (2023-2026)
This project, implemented in collaboration with USAID, the Ministry of Food, Agriculture, and Light Industry (MOFALI) of Mongolia, and the Food and Agriculture Organization (FAO), aims to support the production of vegetables other than potatoes, build energy-efficient greenhouses, introduce sustainable production technologies, and improve market access.
The project is conducting baseline research in Darkhan, Selenge, Khovd, and Tuv provinces, and is set to be implemented for 3 years from 2023 to 2026 based on the research findings. However, due to the suspension of most of USAID's operations, this project is unlikely to continue. - Improving Business Sustainability and Transparency Program Phase II
This project, aimed at ensuring the long-term sustainability of small and medium enterprises, involves cooperation with government agencies and civil society organizations to conduct training, improve competitiveness, and support environmentally friendly production.
The funding agreement for the "Improving Business Sustainability and Transparency" (BEST) Phase II program, implemented by USAID, was announced to continue until February 12 of this year. The funding amount is estimated to be $10 million. However, it remains unclear whether the project will continue. - "Strengthening the Media and Civil Society Sector in Mongolia" (MACSS) Program
Planned to be implemented from 2023 to 2028, the MACSS program aims to improve information access in Mongolia, increase social participation, strengthen democratic values, develop investigative journalism, and combat misinformation. These programs represent significant contributions by USAID to supporting the development of Mongolia, strengthening democracy, diversifying the economy, supporting energy reform, and ensuring environmental sustainability. It is possible that some of the over 5,200 programs suspended by USAID worldwide include projects active in Mongolia.

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Not Afraid of "Monsters" Called Two Neighbors – "Third Neighbor" Strategy

Published: 2025-03-13 | Translated from: ikon.mn

Two monstrous neighbors that do not intimidate: the "third neighbor" strategy. This article discusses a geopolitical strategy focusing on not being intimidated by the two powerful neighboring countries and instead fostering relationships with a "third neighbor."

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President U. Khurelsukh Arrives in Poland for State Visit

Published: 2025-03-13 | Translated from: gogo.mn

President Ukhnaa Khurelsukh arrived in Warsaw for a state visit invited by President Andrzej Duda of the Republic of Poland. The President was welcomed at the "Frederick Chopin" International Airport in Warsaw by N. Oyundari, the Ambassador Extraordinary and Plenipotentiary of Mongolia to the Republic of Poland, and Wojciech Kolarski, the Head of the International Policy Bureau of the Office of the President of the Republic of Poland. This visit is the first at the level of a Mongolian state leader to Poland in 12 years. The heads of state of the two countries will hold private discussions, official talks, and provide information to media representatives. The President will also meet with Poland's Parliament and government leaders. During the visit, over ten documents are planned to be signed to enhance the level of traditional, friendly relations and to cooperate in fields such as health, agriculture, education, science, paleontology, archaeology, media, culture, and cinema. Additionally, in Warsaw, a "Morin Khuur" ensemble performance will be held, and a business forum will be organized in collaboration with the chambers of commerce of both countries. From Mongolia, President N. Bagabandi visited in 1999, President Ts. Elbegdorj in 2013. From Poland, President L. Kaczyński visited in 2008, President B. Komorowski in 2013, and President A. Duda in 2023.

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Ambassador N.Oyundari Presented Her Credentials

Published: 2025-03-13 | Translated from: montsame.mn

The Extraordinary and Plenipotentiary Ambassador of Mongolia to the Republic of Poland, N. Oyundari, presented her credentials to the President of the Republic of Poland, Andrzej Duda, on the 7th of this month. Ambassador N. Oyundari conveyed the greetings of the President of Mongolia, U. Khurelsukh, to President Andrzej Duda and expressed confidence that the upcoming state visit of the head of state of Mongolia will be successful. She noted that while this year marks the 75th anniversary of the establishment of diplomatic relations between Mongolia and the Republic of Poland, the relationship between the two countries is not limited to the years of established diplomatic relations but has roots dating back several centuries. The two sides exchanged views on expanding and developing Mongolia-Poland relations and cooperation in various fields such as politics, defense, trade, economy, education, culture, science, agriculture, health, mining, paleontology, and others. The possibilities of cooperation in organizing the 17th Conference of the Parties to the United Nations Convention to Combat Desertification in Ulaanbaatar in 2026 were also discussed. President of Poland Andrzej Duda congratulated Ambassador N. Oyundari on assuming her duties and expressed his readiness to support further enhancement and development of Poland-Mongolia relations and cooperation, which have a similar historical trajectory and shared values.

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A.N. Yevsikov: President U. Khurelsukh has announced participation in the Victory Day parade on Red Square next May

Published: 2025-03-13 | Translated from: ikon.mn

Under the decree of the President of Russia V.V. Putin, medals for the "80th Anniversary of Victory in the Great Patriotic War" were awarded to Mongolian veterans. The extraordinary and plenipotentiary Ambassador of Russia to Mongolia, A.N. Yevsikov, said: "Today's event is organized in honor of two anniversaries. Specifically, this year we are about to celebrate the 80th anniversary of the victory in the Great Patriotic War. In achieving this victory, Mongolian allies provided great support and assistance to the Soviet Union. Next September, we will jointly celebrate the 80th anniversary of the victory in the liberation war marking the end of World War II. It is saddening that the number of Mongolian veterans is decreasing every year. Today, medals were awarded to only five veterans residing in Ulaanbaatar. President U. Khurelsukh has accepted the invitation and announced his participation in the celebrations and ceremonial parade on Red Square next May. Preparations for this event are being thoroughly made in the near term," he said.

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The State Visit of the President of Mongolia to the Czech Republic Concludes

Published: 2025-03-13 | Translated from: montsame.mn

During his state visit to the Czech Republic, President Ukhnaagiin Khurelsukh visited the embassy in Prague. He emphasized the importance of upholding the honor and reputation of the home country and diplomatic service, protecting the interests of citizens, and passing on language, history, culture, customs, and traditions. The President urged efforts to promote and introduce the country in the host nation and region. In recognition of their effective and proactive work in foreign relations and contributions to implementing foreign policy objectives, the President awarded the title of Ambassador Extraordinary and Plenipotentiary to Damdin Gansukh, the Ambassador of Mongolia to the Czech Republic, and Birvaa Mandakhbileg, the Ambassador of Mongolia to Germany. Over 14,000 Mongolian citizens reside in the Czech Republic with official permission, constituting 1.28 percent of all foreign nationals in the country. More than 10,000 of these citizens are over the age of 18, with 97 percent working in textile, assembly, and meat industries. Each year, about 200 children are born, with 203 attending middle school, 1,217 in primary school, and 465 in kindergarten. In the 2023-2024 academic year, over 120 students enrolled in Czech universities. The embassy in Prague provides consular services to an average of 6,000 citizens annually, maintaining efforts in foreign relations and diplomatic initiatives to promote Mongolia's interests. In recognition of their contributions, Damdin Gansukh and Birvaa Mandakhbileg were both awarded the title of Ambassador Extraordinary and Plenipotentiary.

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Infrastructure

Kh.Nyambaatar: The Tender for the Tuul Highway to Reduce Congestion Will Be Opened Tomorrow

Published: 2025-03-13 | Translated from: gogo.mn

The tender for the Tuul Highway will be opened tomorrow. In this regard, the Mayor of Ulaanbaatar, Kh.Nyambaatar, along with the Chief Architect of the city and other relevant officials, inspected the route of the highway. The mayor stated that if the construction of the Tuul Highway can be started during the spring building season, it would be possible to reduce traffic congestion in Ulaanbaatar by 13.5% by the year 2027. The highway is planned to be 33 km long and have six lanes. There are 76 land units affected by the land clearance related to the highway construction, with an estimated cost of 36 billion MNT. Moreover, the development of the Technical and Economic Basis (TEB) for the first ring road has started. This ring road will extend from north of Yarmag Bridge, passing to the west of Kharkhorin, around the Bayankhoshuu and Selbe sub-centers, and join at the Chuluun Ovoo. In connection with the construction of the ring road, it will be necessary to relocate and modify certain utility lines. Additionally, a National Theater of Performing Arts is planned to be built. The contractor company's temporary camp is planned to be located in the northern part of Dunjingarav and in front of the thousand-car parking area.

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The Tunneling Project to Impact Key Structures Near Sonsgolon Bridge

Published: 2025-03-13 | Translated from: ikon.mn

The tender for the Tunneling Highway, aimed at increasing traffic flow from east to west in Ulaanbaatar City, is set to open tomorrow. In connection with this, the Mayor of the Capital and the Governor of Ulaanbaatar, along with relevant officials, worked along the route of the road today. During this time, Mayor N. Nyambaatar stated, "The tender opening for the Tunneling Highway, organized in accordance with the state's procurement law by the Capital City Governor's Office, will take place tomorrow. Before this, consultations are ongoing with professional experts regarding land acquisition, power transmission, and engineering network complications along the highway's route. These need to be coordinated with ministries to settle potential complications. Secondly, a significant workforce is expected to come in for the construction of the Tunneling Highway. Discussions are ongoing about where to build temporary camps for these workers and from where to source widespread minerals required for the construction." Regarding the impact area of the Tunneling Highway, Director of the City Road Development Department B. Odbayar stated: "Land acquisition will impact 76 units and an estimated 36 billion MNT is needed for compensation. Shifting the main objects of Sonsgolon Bridge will effectively initiate the land acquisition." Director G. Munkhbaatar of the Land Management Department of the Capital City mentioned that meetings with representatives of impacted units are yet to begin. Land acquisition will start in Khan-Uul and Bayangol districts, and further in the 32nd subdistrict of Songinohairkhan district, where significant land acquisitions will occur. The route will pass through the front section of the Auto Trade Center's land in Songinohairkhan district. A major factory located west of the Sonsgolon Bridge and the landscaped park of the Misheel Expo north of the Tuul River in Bayanzurkh district, along with two other business entities, will see a total of 153 units impacted. Engineer Yerkhbol of the Congestion Reduction Project Unit noted that "12 locations of power transmission lines are impacted by the highway project. Four lines, including those at Sonsgolon and Marshal bridges, will be relocated." Temporary camps for employees of enterprises building the highway will be planned north of the Dunjingarav Shopping Center on 25 hectares and on 68 hectares in front of a parking facility for 1,000 cars. The environmental assessment of the highway construction area has been submitted to the Ministry of Environment, while the Academy of Sciences confirmed that there are no archaeological findings in the route area, according to officials. If the construction work of the Tunneling Highway begins this spring, the traffic congestion in Ulaanbaatar is projected to reduce by 13.5% by 2027. Warning: Media outlets (Television, Radio, Social and Web pages) must credit the source (ikon.mn) when using our information in any form, wholly or partially.

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Presentation of Projects Feasible through Public-Private Partnerships

Published: 2025-03-13 | Translated from: gogo.mn

A forum on public-private partnerships aimed at promoting legal frameworks and discussing projects and programs outlined in Mongolia's development policy documents was held today. Organized by the Ministry of Economy and Development, the Public-Private Partnership Center (State-Owned Enterprise), and the Asian Development Bank, the forum was attended by embassies, international organizations, private sector representatives, investors, NGOs, and relevant government organizations. The forum's purpose was to introduce legal frameworks and domestic operations to the private sector, explain issues arising in ongoing projects, and present legal updates. Mongolia initiated legal reforms for public-private partnerships, implementing a new law from January 1, 2024. Under this law, the "Partnership Center" was established to develop public-private partnerships, ensure legal compliance, prepare projects, and conduct analysis and research. Noteworthy projects in Mongolia include the New Zuunmod City development in Khushig Valley, aimed at relieving congestion in Ulaanbaatar and reducing traffic. The project plans to build a city for 150,000 residents and an economic free zone on 31,000 hectares near the new "Chinggis Khaan" international airport. Public-private partnerships are being leveraged for infrastructure and legal-policy frameworks. Moreover, projects under the "Vision-2050" long-term policy and the 2024-2028 government program by the Ministry of Economy and Development outline over 140 projects, of which about 30 are feasible through public-private partnerships. These projects span sectors like infrastructure, health, and education, aiming to introduce international best practices. I. Batkhüü, State Secretary of the Ministry of Economy and Development, emphasized in his opening speech that public-private partnerships play a crucial role in implementing major infrastructure projects and providing swift, high-quality public services. Private sector involvement is essential for long-term, efficient public infrastructure and social projects. Efforts will continue to refine the legal environment, reduce requirements and phases for privately-initiated projects, facilitate quick implementation of cost-effective regional projects, and streamline processes from proposal to contract. The forum included presentations on the Public-Private Partnership Act's implementation, current conditions, future measures, and potential projects, with private sector representatives sharing experiences and challenges in project execution. M. Amgalanbaatar, Director of the Public-Private Partnership Center, introduced potential projects at the forum, aiming to acquaint the private sector with the law and current operations, address challenges in ongoing projects, and highlight legal amendments. Since its establishment, the center has studied six projects, including the Murun-Uliastai road, Artsuur-Nariinsukhait-Shiveekhuren rail, hazardous waste project, and two hydropower projects. Of these, two were private initiatives, and four were initiated by sector ministries. There is a lack of legal understanding in the private sector, necessitating promotional efforts to simplify stages, shorten evaluation processes, and reduce inefficiency. The forum saw strong private sector representation, including criticism from the "QSC" LLC Director E. Shijir, who claimed their state-private partnership contract for a major metallurgical project was unilaterally cancelled by the state without notification three years ago. The case continues in administrative court after being annulled without specifying the responsible authority or reason. Aimed at promoting legal frameworks and discussing projects and programs for implementation, the "Forum on Public-Private Partnerships" was held today. Organized by the Ministry of Economy and Development, the Public-Private Partnership Center (State-Owned Enterprise), and the Asian Development Bank, the forum was attended by various representatives from embassies, international organizations, private sectors both domestic and international, investors, NGOs, and relevant government bodies.

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It is Obligatory to Inform the Owner When Invalidating a Land Certificate

Published: 2025-03-13 | Translated from: gogo.mn

The Administrative Court of First Instance in Arkhangai Province issued a decision regarding a citizen's claim related to a land dispute. Citizen A's land ownership certificate was invalidated by the governor of the sum. Therefore, Citizen A filed a lawsuit claiming, "I was conducting activities in accordance with the purpose for my land possession. The sum governor issued an order to invalidate my land ownership certificate without notifying me even once." The defendant argued that the order to invalidate Citizen A's land possession right was lawful because "Citizen A had not actually possessed the land or conducted any activities since receiving the right to possess the land." The court ruled that the disputed act could be invalidated to satisfy the claimant's requirements for restoring their violated rights and legitimate interests, as clarified before and during the court session. The court found that the administrative agency had misapplied the law and issued a decision not compliant with legal provisions. This decision is based on: According to Article 16, Clause 3 of the Second Chapter of the Constitution of Mongolia, which enshrines human rights and freedoms, citizens have the right to acquire and possess immovable property fairly. Accordingly, citizens have the right to possess the disputed land on legitimate grounds. The Land Law stipulates that land can only be possessed under a contract based on purpose, duration, and conditions through an ownership certificate. Citizen A possessed the land in accordance with the prescribed legal procedure. The fulfillment of the contract should be evaluated annually by the parties, and the administrative body is obliged to notify land possessor A about the invalidation of their possession. Furthermore, Citizen A was using the land for its intended purpose by growing potatoes and vegetables, which the explanations provided during the court session and witness testimonies confirmed. Therefore, the court invalidated the part of the sum governor’s order related to A. As a result, the possessor A’s land ownership right is restored immediately, and the claimant has the right to conclude a land ownership contract and pay the land fee. The defendant party, being the governor, must renew the land contract within 30 days and apply the changes specified in the court decision to the land information database. The court fully satisfied the claim's requirements.

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Parking Facilities and Traffic Reduction

Published: 2025-03-13 | Translated from: isee.mn

One of the effective solutions to reduce traffic congestion, as emphasized by transportation experts, is to create more parking facilities. However, the absence of centralized parking areas in the city center has led to road congestion. Additionally, drivers searching for parking also contribute to the traffic jams even more. There is a regulation stating that if private enterprises operate paid parking, they must remit 40% of their income to the city. Currently, 785,000 vehicles are involved in traffic within the city limits. Therefore, establishing paid parking facilities in the city center is seen as a priority. Yet, the city has not created centralized parking areas around its center, and some existing ones, like those in front of the central square or the drama theater, have been removed to make way for unused fountains or sparsely visited parks. Private enterprises have not developed paid parking areas either, and there's a reason for this. According to a regulation approved during Mayor T. Bilegt's tenure, which has been in effect since 2011, 60% of the income from parking services must be deposited into the Road Fund. Specifically, Article 5.1.2 of the regulation states that the implementing organization must allocate 60% of the income from parking services to the Road Fund. In 2021, this regulation was amended to require 40% of the income from paid parking services to be remitted to the Road Fund. Annually, an average of 900 million to 1.4 billion togrog is collected from parking fees and deposited into the city's funds. As for this year, the plan is to collect 1.1 billion togrog according to L. Rentsenkhand, the head of the Traffic Management Center's Parking Control Department. However, private businesses that exist to profit are required to give 40% of their revenue to the state. When asked, a business person said, "If you have to give 40% of your income to the state, would you start a business?" They replied, "No one would engage in such a business unless they're foolish." Various restrictive and limiting measures are implemented to reduce congestion, such as modernizing the public transportation fleet, allowing government employees to work remotely one day a week, relocating ministries, implementing vehicle registration restrictions, increasing taxes, limiting the issuance of license plates, and charging fees for vehicles entering from rural areas. However, none of these measures have significantly alleviated traffic congestion. According to D. Chinzorig, a specialist in charge of public relations and media at the Capital City Traffic Planning, Regulation, and Engineering Bureau, "Solving the parking issue will have a positive effect on congestion. In the city, there are about 12,000 parking spots at roughly 150 locations, which is totally insufficient." Yet, preventing private organizations from establishing parking areas and taking 40% of their revenue is equivalent to legalized robbery.

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Society

Families affected by fire receive yurts and warm clothing, with 1 million tugrik support for 10 households each

Published: 2025-03-13 | Translated from: isee.mn

Under the order of the Deputy Prime Minister of Mongolia and Head of the National Emergency Management Agency (NEMA), S. Amarsaikhan, a Rapid Response Task Force led by Colonel Ts. Ganzorig, the first deputy and chief of staff of NEMA, has worked in Sukhbaatar soum of Sukhbaatar aimag. Due to the grassland fire in Sukhbaatar soum, 3 yurts, 259 horses, 104 cattle, 14 winter camps, 6 spring camps, and a total of 30 households have been affected. Therefore, full assistance including yurts, warm clothing, food, and medical packages was provided to the herders affected by the fire. It was also reported by NEMA that support of 1 million tugriks was given to each of the 10 households affected by the fire.

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Sukhbaatar: Aid Delivered to Herders Affected by Fire

Published: 2025-03-13 | Translated from: montsame.mn

Baruun-Urt — The emergency unit formed under the order of Mongolia's Deputy Prime Minister and Chairman of the State Emergency Commission S. Amarsaikhan, along with members of the State Great Khural U. Otgonbayar and Ts. Iderbat, and the Governor of the Province M. Iderbat, worked in Sukhbaatar district to deliver aid to herders affected by the wildfires. Specifically, aid totaling over MNT 400 million, which includes complete ger sets, warm clothing, essentials, food, and medical packages, was handed over to district officials and representatives of the herders. Additionally, experts from the Sain Emergency Management Unit (SEMEU), Ministry of Health (MOH), and Veterinary and Animal Husbandry (MEG) are providing health and psychological support and advice to individuals and herders on-site. Furthermore, Sukhbaatar Province has provided MNT 1 million of support to each herder. Due to the fire occurring in the district, three gers, 259 horses, 104 cattle, 14 winter shelters, and six spring camps were affected, leaving 30 households suffering losses. Today, the UOK working group will operate in Erdenetsagaan district.

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Complete Yurts, Clothing, and Health Packages Distributed to Residents Who Lost Homes Due to Fire

Published: 2025-03-13 | Translated from: ikon.mn

Due to the threat of fire, complete yurts, clothing, and health packages were distributed to residents who lost their homes, according to the General Authority for Emergency Situations (NDEMA). An urgent task force worked in Sukhbaatar province's Erdenetsagaan soum, participated in the Emergency Commission's regular meeting, and received information on the fire situation and the measures to be implemented in the future, providing relevant guidelines. Erdenetsagaan soum in the Sukhbaatar province is a high-risk area for fires every year. As a result of the steppe fire in Erdenetsagaan soum, seven households lost their yurts to fire, and 153 head of livestock were affected, according to preliminary estimates. Therefore, activities for preventing forest and steppe fires were intensified, involving and mobilizing the community in this endeavor, organizing patrols, and urging adherence to official orders to prevent such fires. Warning: Media outlets (Television, Radio, Social Media, and Websites) must always cite the source (ikon.mn) when using our information in any form, whether in full or in part.

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Environment

France-Press: Mongolian Children are Suffocating from Toxic Air Pollution

Published: 2025-03-13 | Translated from: itoim.mn

Every winter, Mongolia's capital is enveloped in toxic smog, and for over 10 years, successive governments have been taking measures against air pollution, but with no effective results. Respiratory diseases are consistently increasing, and pneumonia is now the second leading cause of death for children under five. Uyanga's son was hospitalized with pneumonia and subsequently caught a secondary infection in a ward where children were being treated in one of the world's cities with the worst air quality. Uyanga said, "I was very scared when my son needed intensive care. I love my city and want to continue living here. But thinking about my children's health makes me hate Ulaanbaatar." During the winter, the city's daily average of PM 2.5, fine particles that enter the lungs and bloodstream, is 27 times higher than the level deemed safe by the World Health Organization. Ulaanbaatar, located in a basin surrounded by mountains, is shrouded in smoke from power plants and residential households. On most winter mornings, both apartment buildings and traditional Mongolian gers in the city center are covered by smoke. As hundreds of thousands of nomads move to the capital seeking stable income, the ger districts continue to expand. During the winter, when the air temperature drops to minus 40 degrees Celsius (minus 40 Fahrenheit), households in the ger districts begin burning coal. Seventy-year-old coal seller Bold's Bayarkhuu said, "I don't think there's anyone in Mongolia who isn't concerned about air pollution," while Oyunbileg, a clerk, mentioned burning 25 kg of compressed fuel pellets every two days. Her family tried switching to electric heaters but couldn't afford the bills. School doctor Yanzhmaa highlighted the increase in respiratory diseases among children, adding, "There is no way for the lungs of people breathing this air to be healthy." Uyanga and her husband spent a significant amount of money renting an apartment in an area with better air quality for the first three months after their first child was born. In 2019, the government switched raw coal for refined fuel pellets, which provided some improvements to air quality, according to state meteorologist Baldorj's Bargasraagchaa. However, Beyarkhuu, a seller of refined fuel, commented, "I personally don't see any results." Meanwhile, the deputy governor of the capital for air pollution issues, Amartuvshing's Amgalanbayar, stated, "This year, 20,000 households will switch to gas, reducing pollution by 15%." He also highlighted that the long-delayed metro, a symbol of official inaction, will be completed by 2028. A 40-year-old person remarked, "The issues that were promised to be resolved 20 years ago when I was a student are still present today."

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No Chance for Renewable Energy Projects to Revive

Published: 2025-03-13 | Translated from: itoim.mn

In a country like ours, where energy resources and production are insufficient to fully meet the ever-growing demand, it is crucial to support and develop renewable energy projects in every possible way. However, both large-scale mega projects and smaller, medium-sized initiatives are often hindered or intentionally obstructed and delayed. For instance, the Eg and Erdeneburen hydropower projects have been delayed for many years due to the influence of neighboring countries' interests and environmental activists. In reality, hydropower plants do not have negative environmental impacts; on the contrary, they create favorable climatic conditions, as international experience shows. Experts lament that opposing hydropower construction is actually an action against the environment. This misfortune befalling large projects has also started occurring with small and medium renewable energy projects. Specifically, the "Chandman Solar Power Plant" project, which planned to start operating smoothly from 2024 after overcoming many difficulties since 2013, is once again facing potential delays due to trivial reasons. Like hydropower plants cannot be built on every river they please, solar power plants cannot be erected just anywhere; they have their own special requirements. Therefore, when conducting location surveys in local regions, it turns out that the best sunlit areas often overlap with cemeteries. The "Chandman" project's location overlap has led to the revocation of its land permits. "Chandman Solar Energy" LLC, the project implementer, obtained a land use permit in 2017 and has faced numerous challenges such as acquiring an energy production license, approving technical conditions and tariffs, contracting to supply generated energy, attracting investment, and dealing with bureaucratic hurdles, all while losing considerable time. After extensive negotiations with an investor company from Thailand, they agreed to collaborate, and in the fall of 2024, they began preparations on the 50-hectare site. However, as mentioned earlier, this location coincided with the Uran Bogino cemetery in Bayanchandmani sum, causing dissatisfaction among the local citizens who petitioned their local government, seeking clarification on the nature of the site's activities. The petition, signed by over 200 citizens, questions the legality of granting land next to a cemetery and the absence of any project activity during the seven years since the company acquired its land ownership certificate. Misunderstanding due to insufficient communication about the renewable energy project has led to public misconceptions such as the company setting up a cremation facility, and consequent outrage. In response to the local election, a new Citizens' Representative Assembly decided to revoke the land permit granted to the company without thorough investigation, succumbing to public pressure. While the new Governor sought legal grounds and organized meetings to inform citizens, the assembly did not accept this approach and continued to pressure the Governor. On December 6, a decision was made to revoke the land rights. As a result, a significant renewable energy project, supported by both the government and the province, lost its land rights before even commemorating its first year since the groundbreaking. The continuation of the project is now uncertain. The company representative stated, "Our land acquisition process complied with all legal requirements. The inactivity over seven years was due to compelling reasons like a legal dispute with the Ministry of Energy. Therefore, there’s no basis for revoking the land rights. We are confident we could win in court if we appeal. However, if investors withdraw due to these disputes, it would be detrimental to the country." This misunderstanding has been exacerbated by the parallel location of the project with the cemetery rather than overlap, and the company's inability to sufficiently communicate its environmental impacts and plans. The "Chandman" solar power project boasts a planned installed capacity of 21 MW, with energy storage equal to 20% of that capacity. It plans to connect to the Central Grid via a 110 kV overhead line spanning 5 km to the Bayanchandmani 110/35/10 kV substation. The project aims to reduce line losses, providing electricity to 20,000 households and generating 37,000 MWh of clean energy annually, which would cut down carbon emissions by 32,000 tons and greenhouse gases by 22,000 tons. Last year, global investment in the clean energy transition reached a record $2.1 trillion. However, our country continues to disrupt and halt important clean energy projects big and small for inconsequential reasons. While public understanding might be flawed, local government leaders should make decisions based on knowledge and foresight of national, societal, and economic development, not on impulse or political gain. This case is but one example of the stifling of renewable energy projects.

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NEMA Provides 400 Million MNT in Aid to Households Affected by Fire

Published: 2025-03-13 | Translated from: montsame.mn

The Deputy Prime Minister and the rapid response team of the National Emergency Management Agency (NEMA) are working in the Khentii, Dornod, and Sukhbaatar provinces, providing comprehensive support to residents who have lost their homes in the fires. This includes full sets of gers, clothing, food assistance, and health and psychological services. The fire has affected 38 gers, four cars, two motorcycles, 48 sheds and enclosures, more than 3000 small livestock, 48 large livestock, and over 3500 sheaves of hay. The extent of the damage is not yet finalized. A task force appointed by the General Agency for Forensic Examination is operating in the affected provinces to assess the situation, determine fire risks, and swiftly dispose of livestock remains, as well as to carry out disinfection efforts. NEMA has delivered a total of 400 million MNT in assistance to the households affected by the fire, ensuring that the residents receive health check-ups and psychological counseling. Additionally, households that have lost their homes are being provided with comprehensive ger sets, warm clothing, food supplies, and medical aid packages.

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Khaan Bank to Support Sustainable Agriculture with Discounted Loans for Herders, Cooperatives, and Producers

Published: 2025-03-13 | Translated from: ikon.mn

Khaan Bank offers new green financing options for herders, cooperatives, and animal product manufacturers to support local development, sustainable agriculture, and cluster development. In this scope, it offers favorable loan products to herders, cooperatives, and manufacturers who have implemented the following standards, certified by the National Union of Mongolian Pasture Users, Mongolian Wool and Cashmere Association, and Sustainable Wool and Cashmere Coalition: 1. Responsible Nomad Standard (MNS 6891:2020)
2. Sustainable Wool and Cashmere Coalition's Good Practices Certificate (SFA)
3. Mongolian Wool and Cashmere Association's Textile Sustainable Production Standard (MNS 6926:2021)
For herders, cooperatives, and manufacturers implementing these standards, Khaan Bank is providing the following financing: - Responsible Herders' Green Loan: This is aimed at supporting activities to increase livestock productivity and reduce pasture degradation and desertification. For more detailed information, click HERE. - Loan to Support Sustainable Wool and Cashmere Supply: This targets financing the working capital of cooperatives that purchase raw materials from herders implementing good practices. For more detailed information, click HERE. - Loan to Support Wool and Cashmere Processing Industry: Provided under preferential terms to support wool, cashmere, and leather processing industries as part of the "White Gold" program initiated by the President of Mongolia. For more detailed information, click HERE.
Khaan Bank's collaboration in providing loans and financing under favorable conditions to participants in the agricultural product manufacturing cluster network will contribute to Mongolia's long-term sustainable development and climate change goals. Furthermore, it provides tangible support to businesses operating in the agricultural sector, enhancing the opportunities to export products under international standards.
Unified Prosperity - Khaan Bank
Warning: Media organizations (Television, Radio, Social, and Web pages) must always cite the source (ikon.mn) when using our information in any form, either in full or in part.

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NEMA: Provinces Urged to Provide Accurate Fire Damage Assessments

Published: 2025-03-13 | Translated from: news.mn

The National Emergency Management Agency's rapid response task force is currently operating in the eastern provinces. The task force team is working in Erdenetsagaan soum of Sukhbaatar province, where they are gathering information on the situation with the wildfires. During the briefing, it was emphasized that local government agencies must be on heightened alert during such risky times. According to the information provided by the rapid response team, if necessary, there should be movement restrictions imposed locally, with personnel stationed along important roadways to give advice and warnings to prevent forest and steppe fires. Additionally, there is a need to quickly consolidate and provide preliminary estimates of the damages caused by the fires. However, it is essential that the consolidated damage report is accurate, and this information should be relayed to the National Emergency Management Agency via the provincial emergency commission. The NEMA personnel working in the center of the fire are aware of their duties and responsibilities and continue to perform well despite the high risks. They expressed gratitude to all officers and herders who, even in such difficult conditions, are striving for the welfare of others and their local communities. NEMA also stated that they will provide as much support and assistance as possible with the necessary resources.

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NEMA: Local government agencies need to switch to high readiness during fire risk

Published: 2025-03-13 | Translated from: ikon.mn

The National Emergency Management Agency's (NEMA) rapid response team visited Erdenetsagaan soum in Sukhbaatar province to provide information on the fire situation. Since March 9th, 16 wildfires have been recorded nationwide, 95% of which occurred in the provinces of Khentii, Dornod, and Sukhbaatar. Despite NEMA's extensive information dissemination on fire risks, fires have reached critical levels due to citizens' careless actions. As a result of the fires, more than 30 households nationwide have lost their homes and property. While the number of destroyed fences and shelters has not been finalized, and the number of affected livestock is also yet to be determined, it is estimated to be around 10,000. In the future, special attention needs to be paid to state services, mental health, and healthcare issues for herders affected by the fires. Discussions are also being held to support their economy by providing livestock and fences. As herders have taken out loans and joined cooperatives for restocking after last year's harsh winter, it is causing psychological pressure on them. However, as there have been no human casualties, NEMA emphasized the importance of supporting these people to return to normal living conditions at all levels of cooperation. 1. Although readiness for forest and steppe fires is being maintained at all levels, the lack of emergency response units at the local level makes it challenging to act quickly on fire calls and information. If the fires occur on public holidays, quick mobilization is inadequate. Therefore, it is necessary to elevate the state administrative leaders of local governments to a high state of readiness. State organizations should have duty officers and substitutes and maintain information exchange. Government bodies should not be left unattended. 2. Monitoring and patrolling are critical. The local police should focus on registering movements and setting up monitoring and restrictions. They should also work on disseminating warnings about fire risks. While the state is providing gers (traditional Mongolian dwellings) to households, the province and local governments are offering support of one million tugriks. Warning: Media organizations (TV, Radio, Social, and Web pages) must cite the source (ikon.mn) whenever they use our information, in whole or in part.

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Oyu Tolgoi Company to Plant 100 Million Trees

Published: 2025-03-13 | Translated from: ikon.mn

In 2021, Mongolia's President Kh.Battulga announced from the United Nations General Assembly platform that a national movement to plant billions of trees by 2030 would be launched. In line with this, many state and private organizations have joined the "Billion Trees" national movement, with the "Oyu Tolgoi" company pledging to plant 100 million trees. The "Oyu Tolgoi" company has been implementing its "100 Million Trees" initiative since 2022 based on four main strategies: - Planting and growing the right trees in the right places for the right purposes - Making a real contribution to the future development of Mongolia's forestry sector - Ensuring long-term, sustainable impact - Ensuring the participation of various stakeholders The implementation of the "Leave a Legacy of 100 Million Trees" program is currently at 20% completion. The execution of this program is divided into two main parts. Specifically, within afforestation, 1.6 million trees have been planted and grown, while work equivalent to planting and growing 19 million trees has been carried out, resulting in a total of 20.5 million trees planted and grown. Afforestation activities have been carried out in Bogd Mountain, Altanbulag district of Selenge province, and Manlai, Bayan-Ovoo, and Khanbogd districts of Umnugovi province. Tree planting delivers results over the long term based on correct planting and constant care, so the "Oyu Tolgoi" company has been paying special attention to the stable growth of each tree planted and grown. Within the scope of compensatory work, land restoration was carried out on 615.9 hectares of abandoned land in Yeruu district of Selenge province and Shar-Gol and Khongor districts of Darkhan-Uul province, which were neglected due to irresponsible mining activities. Tree nurseries capable of growing 250,000 - 500,000 seedlings and saplings annually have been established in Khanbogd and Tsogt-Ovoo districts of Umnugovi province. Furthermore, to develop forestry infrastructure, six packages of 48 equipment worth 1.5 billion MNT have been delivered to the Forestry Agency, an implementing agency of the government. Experiments have been conducted to combine traditional methods of seed propagation and planting with new technologies, and scholarships have been awarded to 10 students studying in the field of environment and forestry engineering. According to the main plan, phase II of Oyu Tolgoi's "Leave a Legacy of 100 Million Trees" program will begin in 2025, with mass afforestation work such as afforestation with coniferous trees in cooler regions and intensified saxaul afforestation work in the Gobi desert region, and continue to establish tree nurseries and provide equipment as part of strengthening the forestry sector. Media outlets (Television, Radio, Social and Web pages) must cite the original source (ikon.mn) when using our information in any form, either in full or in part.

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Forest and Steppe Fires in Six Soums of Three Provinces Fully Extinguished

Published: 2025-03-13 | Translated from: unuudur.mn

The General Emergency Management Authority reported that forest and steppe fires in the soums of Asgat and Erdenetsagaan in Sukhbaatar Province, Khalkhgol in Dornod, and Dadal, Batshireet, and Bayan-Ovoo in Khentii were completely extinguished. Preliminary data indicated that the fire in the Sumber bagh of Bayan-Ovoo soum affected a total area of 30,800 hectares, damaging seven yurts, five shelters, four fences, and resulting in the loss of over 300 livestock. Relevant professional organizations are currently working to assess the damages in other affected soums. Additionally, specialists from the National Center for Mental Health and the Ministry of Health are providing physical and psychological assistance to residents whose fences and livestock were affected by the fires. As a side note, in the past four years, 479 instances of forest and steppe fires have occurred nationwide, with 49.8% or 238 of them in Dornod and Sukhbaatar provinces. The remaining 50.2% were recorded in other provinces. Authorities have warned that the risk of forest and steppe fires is high during the dry spring season, urging residents to remain vigilant and ensure fire safety.

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Innovation

Proposal to Implement the "Satellite Communication and Internet Connectivity" Project in Mongolia

Published: 2025-03-13 | Translated from: gogo.mn

Member of the State Great Khural, E. Batshugar, met with Miguel Rocha De Gouveia, an expert from the Digital Infrastructure or Space Cooperation Department of the Directorate-General for International Partnerships of the European Commission. Miguel Rocha De Gouveia expressed his intention to implement the "Satellite Communication and Internet Connectivity" project, which is being carried out in Central Asian countries by the European Union, in Mongolia. He stated that the European Union is proposing to include Mongolia in the Central Asia (CA) digital initiative's satellite connectivity project. This initiative is planned to be financed in cooperation with the European Investment Bank (EIB). By connecting the largest portion of the Mongolian population to the internet network, it will increase the availability of basic network infrastructure in rural areas, thereby providing opportunities for operators to expand their networks. It will also make Mongolia's infrastructure secure and internationally connected. The establishment of this network will enable its wide use in various sectors such as agricultural management, mining, oil, natural gas, e-education, and telemedicine. Member of the State Great Khural, E. Batshugar, expressed his support for the implementation of this project and requested a presentation of the outcomes of the project as it has been implemented in other countries. He also introduced the legal, policy environment in Mongolia, and the position taken by the State Great Khural in this sector, according to the State Great Khural's Press Department.

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About 30,000 Specialists Needed in the Information Technology Sector

Published: 2025-03-13 | Translated from: montsame.mn

Ulaanbaatar. Our country is currently experiencing a shortage of about 30,000 specialists in the field of information technology. The Ministry of Digital Development and Communications aims to train 20,000 people in the next four years. To achieve this, Minister Ts. Baatarkhuu has emphasized the need to collaborate with all private enterprises, government organizations, universities, and training centers, according to the ministry. Currently, there are about 12,000 people working in 12,754 companies in the telecommunications and information technology sector. Of these workers, 23.39% are employed in mobile communications, 15.30% in information network services, and 10.27% in cable line installation and tower assembly, while the rest work in broadcasting television, multi-channel transmission services, and postal network services. According to the National Statistics Office, the revenue of the information and communication sector in the country reached 2.5 trillion MNT last year, which marks an increase of 367.1 billion MNT (17.4%) compared to the previous year, indicating the growth of this sector.

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MNCCI and Science Park to Collaborate

Published: 2025-03-13 | Translated from: montsame.mn

The Mongolian National Chamber of Commerce and Industry (MNCCI) and the Science Park will collaborate. Representatives from the two organizations met to establish a working group, draft a cooperation agreement, and create a detailed plan. They aim to get acquainted with the operations of scientific institutes, regularly obtain research and quantitative data from scientific organizations, and deliver it to entrepreneurs in content form. With funding from the European Union's Trade Promotion project, MNCCI is developing clusters for leather and hides, wool and cashmere, meat, cosmetics, and sea buckthorn, as well as a combined export-supporting cluster. There is a need for scientifically-based development on the waste generated from agriculture and meat production. Therefore, they plan to create a problem-solving platform and transition to e-business. The Executive Director of MNCCI, A. Amartugs, stated during a meeting with the Executive Director of the Science Park Administration, B. Amarsanaa, that they are capable of providing scientific information to businesses, conducting research and development studies by scientists, and supplying information from the Science Park. Executive Director B. Amarsanaa noted, "We are working to intensify cooperation among state universities, scientific organizations, and public and private sectors, introducing research and scientific results into production and the market, nurturing startups with competitive technology bases, supporting advanced technology transfer, developing modern technological production, and establishing an innovation infrastructure. We also aim to improve the legal environment for these. Collaborating with MNCCI is essential to overcome the challenging times in the development stages of technology transfer and incubator centers," reported MNCCI.

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Health

Collaborating on Occupational Safety and Health Research

Published: 2025-03-13 | Translated from: montsame.mn

During the state visit of Mongolian President U. Khurelsukh to the Czech Republic, Mongolia's Minister of Family, Labor and Social Protection, L. Enkh-Amgalan, held an official meeting with the Deputy Prime Minister of the Czech Republic and Minister of Labor and Social Affairs, Marian Jurečka. One of the four main objectives of the Mongolian government's 2024-2028 action program is the "Human Development Policy." The meeting exchanged information on improving the family-centered social protection policy system, implementing active labor market policies, and utilizing digital transformation based on big data for policy, planning, and decision-making. Additionally, they discussed collaborating on research in labor, social protection, occupational safety, and health. Efforts to resolve social protection issues for more than 14,000 Mongolian citizens living and working in the Czech Republic and to improve the implementation of the "Social Protection Agreement" that has been in effect since 2023 were also discussed. The two sides exchanged views on seeking mechanisms for financial support for citizens who have acquired technical skills and studied or worked in the Czech Republic, upon their return to Mongolia, and agreed to expand their cooperation, according to the Ministry of Family, Labor and Social Protection.

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Health Insurance Premiums to Increase from April

Published: 2025-03-13 | Translated from: news.mn

During the government meeting held on January 2 of this year, a decision was made to increase the minimum wage to 792,000 MNT starting from April 1, 2024. In connection with this decision, the health insurance premium rate will also increase. Specifically, individuals who are self-employed, herders, and students will be required to pay 15,840 MNT per month, calculated based on the minimum wage. This represents an increase of 2,640 MNT compared to the previous amount. In the past, when the minimum wage was 640,000 MNT, self-employed individuals paid 13,200 MNT per month for health insurance. This year, a self-employed person who paid 39,600 MNT for health insurance in January, February, and March of 2025 will pay a total of 142,560 MNT for the remaining months. Therefore, the total amount paid this year will be 182,160 MNT. For individuals with regular salary income, the health insurance premium rate will increase by 4%. Employers will pay 2% and the insured individuals will also pay an increase of 2%. For example, if you earn a salary of 2 million MNT per month, your employer will contribute 40,000 MNT and an additional 40,000 MNT will be deducted from your salary, resulting in a total of 80,000 MNT being deposited into the health insurance fund each month. The government covers the health insurance for welfare recipients, children under 18, mothers staying at home with their children, military personnel serving mandatory service, and retired seniors. The premiums for these groups are transferred from the state budget on a monthly basis.

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Health

Politics

Consideration of Mongolia's Report at the 143rd Session of the UN Human Rights Committee

By-elections for 67 mandates of aimag, capital city, soum, and district local councils to be held

The Regular Spring Session of the Parliament Will Open Next Monday

The Mayor N. Nyambaatar's Complaint Regarding the Freezing of His Accounts Will Be Discussed Today

The Spring Session of the Parliament to Open on Monday

Economy

TODAY: Public-Private Partnership Forum to be Held

Cooperation with China to Increase SME Exports

Mongolian-Czech Businessmen Sign Cooperation Agreement

Stop Tax Evasion and Increase Tax Transparency

Position: Businesses are finding it difficult to bear costs even after downsizing

U.S. Tariffs Will Be a Bitter Pill for India

The Law on Public-Private Partnerships Does Not Apply in Mining, Minerals, and Banking Sectors

Minimum Wage to Increase Starting Next Month

Housing Prices Continue to Rise, Reaching 5.6 Million MNT per Square Meter

Fitch Agency Rates Golomt Bank's Credit Rating as 'B+ Stable'

Wheat Production May Decrease by Up to 50% Due to Joining the Eurasian Economic Union

Fitch affirms Golomt Bank’s credit rating at “B+” with a stable outlook

Prices of New Apartments Rise by 7.4%, Old Apartments by 15.4%

What is the average price per square meter of new and old apartments in Ulaanbaatar?

Cooperative Herdsmen Receive 758 Billion Tugrik in Preferential Loans

Z. Narantuya: The Development Bank will issue bonds worth two trillion Tugriks

Changes in Mortgage Insurance Premiums

If the intergovernmental agreement on the Gashuunsukhait-Gantsmod border is ratified, 5 million tons of coal will be additionally exported

Revenue from Natural Resource Utilization Fees Increases

Diplomacy

President of Mongolia U. Khurelsukh Officially Welcomed by Polish President A. Duda

USAID Projects at Risk of Suspension in Mongolia

Not Afraid of "Monsters" Called Two Neighbors – "Third Neighbor" Strategy

President U. Khurelsukh Arrives in Poland for State Visit

Ambassador N.Oyundari Presented Her Credentials

A.N. Yevsikov: President U. Khurelsukh has announced participation in the Victory Day parade on Red Square next May

The State Visit of the President of Mongolia to the Czech Republic Concludes

Infrastructure

Kh.Nyambaatar: The Tender for the Tuul Highway to Reduce Congestion Will Be Opened Tomorrow

The Tunneling Project to Impact Key Structures Near Sonsgolon Bridge

Presentation of Projects Feasible through Public-Private Partnerships

It is Obligatory to Inform the Owner When Invalidating a Land Certificate

Parking Facilities and Traffic Reduction

Society

Families affected by fire receive yurts and warm clothing, with 1 million tugrik support for 10 households each

Sukhbaatar: Aid Delivered to Herders Affected by Fire

Complete Yurts, Clothing, and Health Packages Distributed to Residents Who Lost Homes Due to Fire

Environment

France-Press: Mongolian Children are Suffocating from Toxic Air Pollution

No Chance for Renewable Energy Projects to Revive

NEMA Provides 400 Million MNT in Aid to Households Affected by Fire

Khaan Bank to Support Sustainable Agriculture with Discounted Loans for Herders, Cooperatives, and Producers

NEMA: Provinces Urged to Provide Accurate Fire Damage Assessments

NEMA: Local government agencies need to switch to high readiness during fire risk

Oyu Tolgoi Company to Plant 100 Million Trees

Forest and Steppe Fires in Six Soums of Three Provinces Fully Extinguished

Innovation

Proposal to Implement the "Satellite Communication and Internet Connectivity" Project in Mongolia

About 30,000 Specialists Needed in the Information Technology Sector

MNCCI and Science Park to Collaborate

Health

Collaborating on Occupational Safety and Health Research

Health Insurance Premiums to Increase from April

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