Mongolia News Summary for July 02, 2025

The following news articles are the opinions of their authors and publications. They are presented here as translations for informational purposes and do not necessarily represent the opinion of MongolBeat or its members.
Today's Stories
Politics
- All Laws Passed by the State Great Khural Must Now Meet Human Rights Criteria
- Law Completely Banning Online Gambling Comes Into Force Today
- A Temporary Oversight Committee to Be Established Regarding the Issues of "Oyu Tolgoi Gold" LLC
- Law in effect from today: BET games are prohibited, VPN usage also banned
- Members of Parliament Provide Information on the 2025 Budget Amendment
- The Budget Approval Process is Unfair
- LAW: This is the Punishment for Placing a "Bet"
- The Bill to Transfer Public Holidays Falling on Weekends to the Next Working Day Was Supported
- If a National Holiday Coincides with a Public Rest Day, a Substitute Rest Day Will Be Provided
Economy
- Licenses for Use Are Not Being Granted Under the Pretext of a Government Memo, Causing Legal and Financial Difficulties for Enterprises and Investors
- Misheel Group and MSM Group Begin Strategic Partnership and Sign Agreement
- Mongolia's Credit Risk Rating Improved by One Level
- Our Country's Credit Risk Rating Upgraded By One Level
- T.Davaadalai: By Placing $500 Million of the Bond in Commercial Banks with Interest, We Have Earned 39 Billion MNT in Revenue in the First Half of This Year
- Kh. Nyambaatar incurred a loss of 5.7 billion MNT in interest by depositing a $500 million bond raised from foreign markets in commercial banks
- T.Davaadalai: The claim that bond funds were deposited in banks causing 3.1 billion in losses is false. Rather, a profit of 39.6 billion MNT is expected
- Transferring Some State Functions to the Private Sector and MNCCI Will Reduce Bureaucracy, Officials Say
- Gold Deliveries Down 24.3% in the First Half of the Year. Will It Rise in the Second Half?
- Discussion of the Draft Resolution on Measures to Reduce Loan Interest Rates
Diplomacy
- Mongolia Emphasizes the Creation of a Stable and Reliable External Environment
- Japan's Emperor Naruhito to Visit Mongolia Next Monday
- A Mongolian Appointed as World Bank’s Resident Representative in Pakistan
Infrastructure
- A Memorandum of Understanding Signed to Accelerate the Steel Complex Project
- British Media Highlight “Ulaanbaatar Metro” Project
- Rosneft's Angarsk Oil Refinery to Conduct Routine Maintenance for About a Month
- 5 Projects Postponed Out of 14 Mega Projects
- SUKHBAATAR: One Kilometer of the 152 km Baruun-Urt–Bichigt Road Costs 2.1 Billion MNT
- An 8 km Long Conveyor Belt System for Transporting Ore to the Surface Has Been Commissioned
- SUKHBAATAR: The Construction of the Baruun-Urt to Bichigt Highway Has Begun
Society
- Five Plane Loads of South Korean Tourists Arrive in Mongolia Every Day
- Air China’s C909 Aircraft Makes Its First Flight to Mongolia
- J. Dulamsuren: Selling Open Street Food Will Be Prohibited on Naadam Day
Environment
- 137,740 Households Live in 49 Soums Rated as High and Very High Risk for Flooding
- Number of Forest and Steppe Fire Calls Increased by 75.9%
Innovation
Health
- J.Chinburen: We are losing our children by failing to do the things we can to protect them. Don’t fear the disease—get vaccinated and let’s enjoy the summer festival together.
- Vaccination Against Measles Begins for Infants 6-8 Months Who Are Not Yet Eligible for Routine Immunization
- Evariste Kouassi Komlan: Mongolia is immunizing its citizens with internationally recognized vaccines
Politics
All Laws Passed by the State Great Khural Must Now Meet Human Rights Criteria
Published: 2025-07-01 | Translated from: news.mn
Last Friday, the State Great Khural (Parliament) made a decision introducing a new culture and concept into the legal framework by finally passing the draft law to amend the Law on Legislation. Essentially, the parliament has begun fulfilling its duty. For the first time, it was legislated that all laws and resolutions to be discussed and adopted by parliament must undergo a human rights analysis and receive an evaluation and conclusion from the national human rights institution before passing the threshold of the State Great Khural. In other words, the Law on Legislation is the "law of laws," regulating every stage and process of preparing and adopting any law or decision.
This is evidence that the process of realizing the three legal improvements included in the 2024-2028 strategic plan of the ninth State Great Khural is already yielding results. There are over 400 laws regulating the daily relations of citizens in our country. As a result, this parliament resolved to streamline legal acts, rules, and regulations that have led to human rights violations or are unclear and problematic through amendments to the Law on Legislation. Initially, the government will be given the task, within a set timeframe, to implement the changes, as announced by Speaker D. Amarbaysgalan from the parliamentary session podium.
For years, lawyers have discussed and proposed this “problem” without daring to resolve it, but before passing this amendment—like removing a thorn—the parliamentary working group faced considerable opposition. Relevant ministries hesitated and questioned the disruption of a 30-year system. However, since legal experts such as Working Group Chair and Standing Committee on Legal Affairs Chair D. Tsogtbaatar, and Speaker’s Advisor N. Otgonchimeg presented research supporting the urgency of people-centered legislation, the law was ultimately passed.
With the passing of this law, a great number of positive decisions are expected. First of all, the fundamental solutions to reducing governmental bureaucracy have been included in the amendments. It will halt the practice of mid-level officials arbitrarily issuing procedures and regulations. No more situations where a random official makes and applies regulations to suit themselves, violating human rights. With this law, procedures issued by government authorities will be streamlined. Additionally, newly adopted laws will be comprehensive and not require accompanying procedures to be enforced. Currently, there are 2,768 procedures in force, which is six times the number of laws regulating daily life in our country. With comprehensive legislation, bureaucracy is reduced, and the impact of every law on human rights will be properly assessed.
Previously, experts had already shown through their research that some provisions of laws and procedures did not comply with human rights principles and led to the infringement of others’ rights and freedoms. Now, the new parliament of 126 members has passed a fundamental law to create a legal environment closer to the people and focused on citizens. It is expected that a legal environment conforming to the fundamental principles and provisions of the Constitution and guaranteeing human rights and freedoms will emerge. Experts stress that duplication, gaps, and conflicts among laws will disappear, and the process of passing other administrative acts, rules, and procedures will be streamlined. This was a dream come true for human rights proponents.
Law Completely Banning Online Gambling Comes Into Force Today
Published: 2025-07-01 | Translated from: isee.mn
The State Great Khural (Parliament) of Mongolia passed a law completely banning online gambling, betting games, and paid predictions. This law comes into full effect starting today (2025.07.01).
A financial investigation revealed that 1.7 trillion tugriks, or about 500 million US dollars, had flowed overseas via online gambling, which is equivalent to 485,000 tugriks per citizen. Because of increasing social and economic negative impacts, such as debt, addiction, suicide, family breakdown, and inflation, the government proposed and passed this law.
According to the law: - All forms of operating, advertising, and supporting online gambling are prohibited. - Violators will be subject to fines, restriction of movement, or imprisonment. - Even playing using VPNs will result in legal responsibility.
The public is being reminded that online gambling is now a fully banned and criminalized activity in Mongolia.
A Temporary Oversight Committee to Be Established Regarding the Issues of "Oyu Tolgoi Gold" LLC
Published: 2025-07-01 | Translated from: isee.mn
At yesterday's meeting of the Standing Committee on Economics of the State Great Khural, the draft parliamentary resolution “On the Establishment of a Temporary Oversight Committee” submitted by Member of Parliament O. Batnairamdal and 89 other MPs on June 27, 2025, was discussed. MP O. Batnairamdal presented the project to the meeting. The issue of the Oyu Tolgoi project is a specific matter concerning public interest, and pursuant to the law, at least a quarter of the MPs—namely 89 members—have proposed establishing a temporary oversight committee on this issue.
It was highlighted that the “Javkhlant” and “Shivee Tolgoi” areas of strategic mineral importance require the state’s stake to be determined. Clause 11.3(e) of the "Amended and Restated Shareholders Agreement" provides for a review of the financing interest rate’s appropriateness every 7 years, and measures to lower the interest rate by 2025 should be supported by parliament, according to Batnairamdal's report. Accordingly, the State Great Khural needs to implement steps to conduct oversight and investigations, organize open hearings, and ensure the public is provided with balanced information regarding the documentation and activities relating to “ensuring Mongolia’s interests and increasing its benefit from the exploitation of the Oyu Tolgoi group of deposits.”
Therefore, the initiators of the draft believe it is necessary to carry out intensive, focused oversight and investigation, hold open hearings to examine collected evidence, inform citizens, and report to the State Great Khural during the 2025 fall session. The draft proposes to form a temporary oversight committee with this mandate.
As MPs deemed it unnecessary to ask questions or make statements after the initiator’s presentation, the chair Ch. LodoiSambuu read and introduced the entire draft to the meeting. The scope of the oversight and investigation in the draft is set as follows: To determine and evaluate the reserves within the “Javkhlant” (MV-15225) and “Shivee Tolgoi” (MV-15226) special mining license areas and, based on related documentation, to determine the state's equity share and exercise oversight and investigation.
Furthermore, the draft states that the committee will review the financial interest rate of the “Amended and Restated Shareholder Agreement” for Oyu Tolgoi LLC, assess the measures taken to align the rate with international market standards, study the results, and present recommendations and conclusions. MPs O. Batnairamdal, B. Bat-Erdene, M. Badamsuren, B. Bayarbaatar, E. Bolormaa, S. Zulpkhar, Sh. Byambasuren, P. Ganzorig, D. Purevdavaa, B. Jargalan, and U. Shijir are proposed as members of the temporary oversight committee.
A vote was held to decide whether to submit the draft parliamentary resolution on establishing the temporary oversight committee to the plenary session. 72.2% of members voted in favor. Therefore, it was decided to submit the standing committee’s proposal and conclusion to the plenary session.
Law in effect from today: BET games are prohibited, VPN usage also banned
Published: 2025-07-01 | Translated from: gogo.mn
The government has submitted amendments to the Law on Permissions, Criminal Code, and Law on Violations that fully ban betting, gambling, and online gambling activities.
The law, which was finally approved by the State Great Khural (Parliament) on May 30 of this year, comes into force from today, July 1, 2025.
Key provisions of the law:
Law on Permissions (1.5.20):
Operation of betting, gambling, and online gambling with payment is prohibited.
Law on Violations:
10.1.6: Individuals who advertise or promote will be fined 5,000 units, and legal entities will be fined 50,000 units.
10.1.7: If promoted through electronic networks or mass media, individuals will be fined 10,000 units, and legal entities 100,000 units.
Criminal Code:
20.18: Those who organize online betting games will be fined, sentenced to community service, have their movement restricted, or imprisoned for 6 months up to 3 years.
20.19: Individuals who repeatedly allow the use of payment accounts, electronic money, or telecommunications devices will be subject to fines, movement restrictions, or imprisonment.
Thus, it is announced to the public that online gambling is now completely banned by law and is considered a crime in Mongolia. All types of activities related to organizing, promoting, or supporting online gambling are prohibited. Those who violate the law will face fines, movement restrictions, or imprisonment. It is also warned that even playing via VPN will result in legal liability.
Members of Parliament Provide Information on the 2025 Budget Amendment
Published: 2025-07-01 | Translated from: gogo.mn
Members of Parliament are providing information regarding the 2025 budget amendment.
MP M. Mandkhai stated that the government gave the people and herders a "big gift" for the festival by going back on its promises. The main goals—ensuring food supply for the people, increasing the value chain, and developing deep processing industries—were clearly set out.
Given the current difficult external environment and trade wars, it is important for our country to ensure a reliable food supply, reduce excessive dependence on imports, and provide local jobs.
In such times, making a budget amendment is inevitable and I support it. Unfortunately, despite stating that efforts would focus on reducing unnecessary expenses, tightening belts, and increasing efficiency and productivity, it did not turn out as hoped and unnecessary expenditures continued. Crucial projects to prepare our own food supply and support essential agricultural raw materials through policy have been cut.
The Budget Approval Process is Unfair
Published: 2025-07-01 | Translated from: news.mn
Members of the Parliament gave information regarding the amendment of the 2025 budget.
MP M. Mandkhai:
The statement that MPs are tightening their belts to reduce unnecessary budget expenses and increase productivity and efficiency has proven false. This is because they have not cut the expenses that should have been reduced; on the contrary, they have dropped important projects such as increasing and supporting food and agricultural production and supporting raw materials for agriculture, which are vital state matters. Over 70 percent of the 2025 state investment budget is concentrated in six sectors, and agriculture is not included. This may adversely affect and degrade other sectors. Food and agriculture are not just about crop cultivation, meat, milk, wool, and cashmere; it is an important sector for protecting our land. Therefore, I urge the government not to neglect such crucial sectors.
MP Kh. Baasankhuu:
It is apparent from this year's budget allocation process that when the judiciary seeks budget approval, they must plead with the Ministry of Finance and are dependent on it. Lawyers are very concerned about this issue. The judiciary's budget should be seen as the people's budget for protecting their rights. Until 2024, judges' salaries have not increased even once, and during the past 30 years, no new buildings or facilities have been constructed for judicial institutions. A provision has been introduced to remove the judiciary's budget from the government's power and ensure that the budget approved by the Standing Committee on Legal Affairs is not reduced by the government during the final approval. However, the government has never submitted the judiciary budget approved by the Legal Affairs Standing Committee without reductions. The judiciary is not a body subordinate to any state institution. The budget approval process is not fair and does not ensure a balance of powers at all.
LAW: This is the Punishment for Placing a "Bet"
Published: 2025-07-01 | Translated from: gogo.mn
Previously, people used mobile applications usable internationally to engage in gambling online. As soon as they transferred their betting money to a specific account, they gained the right to participate at the virtual table. In this manner, some individuals made bets and gambled, while others profited from this.
However, studies show that this form of gambling has led many people to fall into debt, caused family breakdowns, depression, suicide, rising unemployment, and has had severe consequences for the country’s society and economy. Based on this, the Parliament (State Great Khural) has passed amendments to the following laws, which come into effect starting today.
- Article 1.5.20 of the Law on Permits now adds: "Carrying out paid lotteries, betting games, and online gambling is prohibited."
Mongolia has now completely banned the organization of paid lotteries, betting games, and online gambling. Accordingly, the special permit allowing such activities has been removed from the Law on Permits, and the above article has been added. In other words, while previously there was a legal framework for issuing such special permits, now it is no longer possible under any circumstances.
- Article 10.1.6 of the Law on Offenses now states: "If a person advertises or promotes paid lotteries, betting games, or gambling, any illegally obtained funds or income will be confiscated, and the individual will be fined 5,000 units (₮5,000,000), while legal entities will be fined 50,000 units (₮50,000,000)."
Moreover, Article 10.1.7 adds: "If someone uses public media or digital networks to advertise or promote paid lotteries, betting games, or gambling, any illegally obtained funds or income will be confiscated, and the person will be fined 10,000 units (₮10,000,000), while legal entities will be fined 100,000 units (₮100,000,000)."
Thus, it has now been stipulated that promoting or advertising the fully prohibited online gambling on Mongolian territory will result in fines. A common example is that some individuals running YouTube channels—which generate income—have partnered with international online gambling companies to display advertisements. Now, such cases will be deemed legal violations and subject to fines.
- Article 20.18 of the Criminal Law states: "Those found organizing electronic betting games will be fined, subjected to community service, have their right to travel restricted, or may be imprisoned for between 6 months and 3 years." Additionally, Article 20.19 states: "Anyone who repeatedly allows their payment accounts, e-money, or communication tools to be used for such activities will be punished by fines, travel restrictions, or imprisonment."
Previously, the law referred to organizing gambling using dice, cards, or other items with unpredictable outcomes for profit in public places or using technology. The current law has changed this to specifically say: "If one organizes paid lotteries or betting games in public spaces or using information technology for profit..."
There have also been cases where individuals told the courts, "I just let them use my account, I didn't know what it was for." The new law stipulates that anyone who intentionally or unintentionally allows their account to be repeatedly used by online gambling organizers can be sentenced to up to one year in prison.
In summary, if any form of online gambling is organized in Mongolia, if anyone places advertisements with international organizations conducting such activities, or allows their accounts to be used in illegal gambling, all these actions are now subject to legal accountability.
In other words, it is now completely impossible to legally organize gambling in Mongolia. Even if someone tries to get around this by using a VPN or a foreign bank card, they will still be held legally responsible.
The Bill to Transfer Public Holidays Falling on Weekends to the Next Working Day Was Supported
Published: 2025-07-01 | Translated from: gogo.mn
At today's session of the Standing Committee on State Structure of the State Great Khural (Parliament) of Mongolia, the committee discussed whether to include in the agenda of the 2025 Spring Session of Parliament several bills and resolutions that were not listed in the original agenda.
Ts. Sandag-Ochir, the chair of the Standing Committee, explained Article 5.7 of the Law on Procedure of Parliamentary Sessions, which states that if a bill or resolution not included in the official agenda of Parliament is introduced, the decision to discuss it at the plenary session is made if the majority of the committee members present support it after considering the Council's recommendation. Voting was then held on each bill submitted to Parliament.
The majority of committee members present agreed to propose for plenary discussion the draft law to amend the Law on Public Holidays and Memorable Days, which was submitted on June 27, 2025, by two MPs including B. Uyanga, along with another accompanying bill. In addition, the committee agreed that Parliament should discuss the draft resolutions on establishing diplomatic relations with Barbados, the Republic of Botswana, the Kingdom of Eswatini, and the Republic of Trinidad and Tobago, all submitted by the Government of Mongolia on the same day.
Additional Information: At the Cabinet meeting on June 4, it was decided that because the 12th and 13th of July, which are the days for the National Naadam Festival and anniversary of the People's Revolution, fall on a Saturday and Sunday in 2025, the holidays for workers and officials will be moved to Wednesday and Thursday, July 16 and 17.
This decision was made in response to citizens' requests to ensure that the national festival is celebrated extensively, to support domestic tourism, and to help employees maintain a work-life balance by adjusting the Naadam Festival holidays.
The Law on Public Holidays and Memorable Days and the Labor Law specify that "The National Naadam Festival and the anniversary of the People's Revolution are on July 10, 11, 12, 13, 14, and 15;" and these days are public holidays.
For this year, since July 12 and 13 fall on the weekend, July 16 and 17 will be given as days off for the public, resulting in an 8-day holiday for the National Naadam Festival. Since the law designates the anniversary of the People's Revolution as July 10, 11, 12, 13, 14, and 15, this decision applies to public institutions, and private sector organizations are urged to follow this practice as well.
If a National Holiday Coincides with a Public Rest Day, a Substitute Rest Day Will Be Provided
Published: 2025-07-01 | Translated from: unuudur.mn
At today's meeting of the State Structure Standing Committee of the State Great Khural, the issue of whether to discuss draft laws and resolutions not included in the agenda for the spring 2025 parliamentary session was considered. During the meeting, it was decided whether to discuss the draft law to amend the Law on Public Holidays and Celebratory Days as well as related bills submitted together.
Member of Parliament O. Batnairamdal introduced the draft law. He explained that Article 4 of the Law on Public Holidays and Celebratory Days stipulates that the National Naadam Festival—commemorating the anniversary of the People’s Revolution—shall be celebrated on July 10, 11, 12, 13, 14, and 15; Lunar New Year (Tsagaan Sar) shall be celebrated on the 1st, 2nd, and 3rd days of the first month of the lunar calendar; and that New Year, International Women's Day, Children's Day, National Freedom and Independence Restoration Day, Chinggis Khaan Day, the Republic Day proclamation, and Buddha’s Enlightenment Day are all also to be celebrated.
He added that in the revised Labor Law enacted on January 1, 2022, it remained unclear what should happen when public holidays coincide with weekly rest days, and that, for clarity, the Law on Public Holidays and Celebratory Days should be amended accordingly. The new draft law stipulates that if a national holiday coincides with a public rest day, the day off is to be moved to the following working day.
Members of Parliament G. Uyankhishig and B. Purevdorj voiced their support for the bill. Upon voting, a majority of committee members agreed to consider the bill, so the committee’s conclusion will be presented at the plenary session.
Economy
Licenses for Use Are Not Being Granted Under the Pretext of a Government Memo, Causing Legal and Financial Difficulties for Enterprises and Investors
Published: 2025-07-01 | Translated from: isee.mn
Mongolia has begun revising relevant laws and updating the legal environment in order to implement the “Gold-3” campaign. However, in the past half year, the Mineral Resources and Petroleum Authority and the Ministry of Industry and Minerals have been causing problems for businesses and citizens by not issuing special mining licenses.
Specifically, the minutes of the Mongolian Government meeting held on February 26, 2025, entrusted the Minister of Industry and Minerals, Ts. Tuvaan, and the Director of the Mineral Resources and Petroleum Authority, Sh. Gankhuyag, with the task of taking appropriate measures so that any applications for mining licenses for rare earth elements and other important minerals, until the legal framework is renewed, are to be decided by the Government after making a presentation to the Cabinet meeting.
As a result of this memorandum, businesses and citizens who have applied for special mining licenses over the past half month have not been granted those licenses. The relevant officials have been explaining that “Due to the Government memo, it is not possible to issue a license.”
However, the Law on Minerals clearly states that a decision on an application for a mining license must be made within 20 working days after registration. Moreover, there is no statement in the minutes of the aforementioned Government meeting regarding not issuing mining licenses at all. The instruction was merely to take measures based on Cabinet discussion if a mining license is to be issued.
Nevertheless, the Ministry of Industry and Minerals and the Mineral Resources and Petroleum Authority are following the Government memo instead of the law, harming enterprises. This situation is causing difficulties for both domestic and foreign investors. Therefore, investors are calling upon the relevant ministries and agencies to act within the law.
Misheel Group and MSM Group Begin Strategic Partnership and Sign Agreement
Published: 2025-07-01 | Translated from: ikon.mn
Misheel Group and MSM Group signed a memorandum of strategic cooperation. The opening press conference for the partnership was held at the MSM Group's headquarters. The event was opened by Ts. Budkhuu, senior manager of the "Misheel City" project, who emphasized that the collaboration between Misheel Group and MSM Group marks a significant step in taking the development of "Misheel City"—the new sub-center of the city—to the next level. He also noted that the "Misheel City" project is the largest complex development implemented in Ulaanbaatar’s Khan-Uul district in the past 5 years. The project covers 13 hectares and is creating a comprehensive environment that includes 15 sub-centers for commerce, services, residential, and leisure areas.
One of the main components of the project is the "Misheel Auto Trade Center," a comprehensive solution that allows customers to access all automobile-related services in one place. Robert Clifford Edwards, President of Misheel Group, stated, “This auto trade center will save customers time and provide new business opportunities for entrepreneurs. We are delighted that MSM Group is joining this center, which sees an average monthly traffic of over 140,000.”
Matthew Metz, Vice President of MSM Group, highlighted: “Our company brings the world’s leading car brands—such as Mercedes-Benz, FORD, RAM, BYD, and JEEP—to Mongolian customers. We are pleased to be opening our branch in the Misheel Auto Trade Center. This is not only a big opportunity for us, but also for our customers.”
After the press conference, B. Soyol-Erdene, MSM Group’s Director of Operations, gave a special interview to TV channels. Ms. B. Soyol-Erdene said: “Today’s cooperation marks the start of introducing new standards to the Mongolian auto service sector. Enabling customers to access all kinds of services—from car sales, spare parts, insurance, non-bank financial services, to registration—under one roof now saves time and ensures efficient service.”
Organizers noted that this cooperation is not just an agreement between two companies, but also lays the foundation for integrating many other enterprises and brands in the auto industry into the "Misheel City" project in the future.
The Misheel Auto Trade Center is slated to open in the fourth quarter of 2025, and various long-established non-bank financial institutions, spare parts suppliers, auto traders, and insurance companies are joining. Currently, the third and fourth floors have already been fully sold, and only a few spaces remain on the fifth floor. If you are interested in opening your business in this showroom, please contact the sales office.
Phone: 9099-5533, 8888-4595, 9907-4903
Location: Khan-Uul district, formerly Misheel Expo, sales office of the Misheel City project next to Misheel Construction Hypermarket.
Notice: Media organizations (Television, Radio, Social media, and websites) are prohibited from using this information in whole or in part without permission. Usage is only allowed if agreed upon and the source (ikon.mn) is credited.
Mongolia's Credit Risk Rating Improved by One Level
Published: 2025-07-01 | Translated from: montsame.mn
The Organization for Economic Cooperation and Development (OECD) has upgraded Mongolia's credit risk rating from the previous highest risk level of 7/7 to 6/7. This decision was made at an OECD meeting held on the 27th of last month to update credit risk classifications. At this session, the credit risk ratings of more than 40 countries were discussed, with only three countries seeing a change in rating: Bangladesh and Senegal's ratings were downgraded, while Mongolia's rating was improved.
As a result, Mongolia's reputation and creditworthiness in the international financial market has increased, creating a favorable environment for the government and private sector to attract foreign investment and financing, and reducing costs. In addition, the member countries' export credit agencies and international financial institutions will offer more favorable financing conditions, especially with lower credit risk premium rates. For example, the premium is expected to decrease by 3-6 percent, reducing the cost of mid- and long-term export financing.
Moreover, with the improved rating, the financial burden on the state budget and private sector will be reduced, opening up more opportunities for the private sector to attract foreign investment and strengthening investor confidence in Mongolia. Manufacturers and exporters will also increase their competitiveness in international markets.
Our Country's Credit Risk Rating Upgraded By One Level
Published: 2025-07-01 | Translated from: unuudur.mn
The Ministry of Finance has reported that the Organisation for Economic Cooperation and Development (OECD) has upgraded our country's credit risk rating by one level, improving it to 6/7. At its regular meeting last Friday, the organization considered the credit risk ratings of over 40 countries and revised the ratings for three countries: Mongolia, Bangladesh, and Senegal. While Mongolia's risk rating was improved, the ratings of the other two were downgraded.
The improved credit risk rating is expected to have a tangible impact on reducing the rates and risk premiums that OECD member countries' export credit agencies and international financial institutions apply to Mongolia. For instance, according to calculations by the Ministry of Finance, as a result of this improved rating, the risk premium on loans is expected to drop by 3-6 percent, reducing the cost of medium- and long-term export financing.
T.Davaadalai: By Placing $500 Million of the Bond in Commercial Banks with Interest, We Have Earned 39 Billion MNT in Revenue in the First Half of This Year
Published: 2025-07-01 | Translated from: ikon.mn
Today, the first deputy mayor of the capital and relevant officials held a press conference regarding the issue that in 2024, 3.2 billion MNT from the city's budget was misused and $500 million from the bond was inefficiently kept. At the beginning of the meeting, the first deputy mayor, T. Davaadalai, said: "It's a beautiful summer as we are approaching Naadam 2025. At this time, according to the law on the budget, the standing committee of the parliament and the city council are discussing the performance reports of the 2024 budget. Yesterday, on June 30, during the meeting of the Economic Standing Committee of the Parliament, incorrect information was provided to citizens by the committee and some members regarding the implementation report of the city's 2024 budget.
The media has spread the misinformation that, in 2024, 3.2 billion MNT from the city's budget was misused and spent inefficiently, and that the $500 million of the Selbe bond was inefficiently kept. I would like to clarify these matters.
First issue: It is not correct to say that the 3.2 billion MNT was misused and spent inefficiently. In 2024, four investment projects were implemented and executed in Khan-Uul district. 9.8 billion MNT was invested in demolishing and reconstructing the extension building of the district's 7th school, 6.7 billion MNT in building a kindergarten, 689 million MNT for constructing a road from School No.26 to the district center, and 3.3 billion MNT was budgeted for constructing a 200-bed kindergarten, totaling 20.6 billion MNT invested and implemented.
According to contracts for swift completion, 30% of the funds, or 6.2 billion MNT, should have been given as an advance payment, but the relevant authorities in Khan-Uul district acted on their own and exceeded this, providing an extra 3.2 billion MNT as advance payment. This was revealed by both the audit authority and the city's inspection. Instead of giving a 30% advance, a 45% advance was given. This action violated the government resolution no. 278 of 2023, article 4.8.13, which stipulates that for projects financed by the general manager's investment, the total advance payment for construction projects should not exceed 30% of the contract price and should not exceed the total financing. Demand letters have been sent to the governor and leadership of Khan-Uul district. In accordance with the recommendations of the city audit office, the issue must be addressed and reported by September 30, and responsible officials will face accountability.
Second issue: It was claimed that the main financing of $500 million USD from 17 investors' bonds, intended for the Selbe city project planned on 158 hectares, and 3.1 billion USD, were unproductively kept in 2024. In fact, Deutsche Bank of Germany acted as the underwriter and helped raise $500 million from 17 investors. This was transferred into the USD account of the Ministry of Finance at the Bank of Mongolia on November 21. Afterwards, under the directive of the capital's governor, a working group was established to securely invest the bond proceeds with interest in commercial banks until they are used for the Selbe project. The working group obtained advice and approvals from the Ministry of Finance and the Bank of Mongolia, and on December 13, 2024, placed 1.3 trillion MNT for 6 months to 2 years at interest rates between 12.5–16.1%, and $100 million at 8.05% interest with commercial banks. The funds were placed in banks with higher interest and risk protection. As a result, the Bank of Mongolia officially stated that this contributed to stabilizing exchange rate inflation in Mongolia during the winter of 2024 and the first half of 2025.
On the other hand, looking at the bond interest, 14.7 billion MNT is listed as a liability and 11.6 billion MNT as a receivable. It appears there is a discrepancy of 3.1 billion MNT, seemingly a loss. However, interest for deposits tends to be lower while loan interest is higher. Calculated semi-annually, by the expected results for the first year of 2025, 108.2 billion MNT in revenue will be generated from the Selbe project's $500 million bond, and 66.3 billion MNT will be paid in bond interest; after accounting for 2.3 billion MNT in exchange rate differences, the city of Ulaanbaatar will have earned 39.6 billion MNT in the first half of 2025.
Therefore, there is no basis to say that the $500 million for the Selbe project was used inefficiently. By placing it in commercial banks with interest, 39.6 billion MNT in revenue has been generated. Moreover, it has played a role in curbing both MNT and USD inflation. Financing is being released in 6, 18, and 24 month tranches from the deposit according to project progress," he explained.
Notice:
Media organizations (Television, Radio, Social, and Web pages) are prohibited from using our content wholly or partially in any form, except by agreement and with clear attribution to the source (ikon.mn).
Kh. Nyambaatar incurred a loss of 5.7 billion MNT in interest by depositing a $500 million bond raised from foreign markets in commercial banks
Published: 2025-07-01 | Translated from: itoim.mn
In recent times, the capital city has issued securities several times in both domestic and foreign markets. While 798.3 billion MNT worth of domestic securities were issued, $500 million was raised from foreign markets.
According to a report from the National Audit Office, the majority of the raised bond funds have been deposited in commercial banks for up to 24 months. Specifically, 300 billion MNT of the first openly traded 500 billion MNT bond was raised at a 14% interest rate and this financing was spent on the construction of the Booroljuut Thermal Power Plant. Another 100 billion MNT was raised at 13% interest and spent on road maintenance, and a further 100 billion MNT at 12% interest was used for road repair and maintenance as well. Additionally, about 300 billion MNT more in bonds were raised, all together leading to 33.4 billion MNT paid in interest on these bonds. The issuance of 1.5-year, 13% interest domestic securities for projects such as road repair, maintenance, and battery storage stations was found by the National Audit Office to be inconsistent with the Law on Debt Management.
As for the foreign bond, a $500 million (1.7 trillion MNT) foreign security was raised at an interest of 7.75%, intended to finance the Selbe subcenter project. However, according to the audit report, since this project has yet to start, $400 million was deposited in commercial banks for 6–24 months at 12.5–16.1% annual interest, calculated at the exchange rate as of December 31, 2024, which totals 1.329 billion MNT. The remaining $100 million was deposited as a foreign currency savings account at the Trade and Development Bank for 24 months at an annual interest rate of 8.05%. At year’s end, interest receivable from the deposits in the commercial banks amounted to 11.6 billion MNT, while accrued interest reached 14.7 billion MNT. Due to exchange rate differences, a loss of 2.6 billion MNT was incurred, resulting in a total loss of 5.7 billion MNT for not utilizing the main bond funds, as concluded by the audit organization.
The capital city raised $500 million at 7.75% interest for five years. Despite not using the bond funds raised from foreign markets, interest payments have already begun. Yet a total loss of 5.7 billion MNT has already been incurred from this loan. This loss will continue to grow by the day.
When City Mayor Kh. Nyambaatar initially raised the $500 million bond from foreign markets, he announced it would fund the construction of the Selbe subcenter. Although the funds were split into four tenders, construction has not yet begun. The audit concluded that the reason for the lack of progress was that the funds were deposited in commercial banks. The responsibility for raising bonds on domestic and foreign markets without any planning, failing to utilize them, and thus incurring interest losses, remains unclear.
Furthermore, due to the drop in coal prices on the world market, the budget was revised and most of the 14 mega projects previously announced for government implementation were reprioritized or abandoned. Minister of Economic Development N. Uchral also announced that the projects planned by the capital city will not be implemented. For example, the Bogd Mountain tunnel project will be halted, and in the near future, projects of the capital city will be reviewed at a government meeting to identify which ones will not proceed.
T.Davaadalai: The claim that bond funds were deposited in banks causing 3.1 billion in losses is false. Rather, a profit of 39.6 billion MNT is expected
Published: 2025-07-01 | Translated from: itoim.mn
The National Audit Office reported that the Capital City Governor’s Office misappropriated 3.2 billion MNT of the 2024 budget. In connection with this issue, T.Davaadalai, the First Deputy Governor of the Capital City, gave an explanation.
He stated: “With Naadam approaching and during the period when the budget report is discussed, the Parliament and the City Council reviewed the execution of the 2024 budget. On June 30, while the Parliamentary Standing Committee on Economics was reviewing the matter, two issues were misunderstood.
The first issue is the misuse of 3.2 billion MNT. According to the audit report, contracts worth a total of 20.6 billion MNT were signed for four major investment projects implemented in Khan-Uul District in 2024. These include: - Expansion of School No. 7 in Khan-Uul District – 9.8 billion MNT - Kindergarten building – 6.7 billion MNT - Road from School No. 26 to the administrative sub-district office – 689 million MNT - Kindergarten with 200 beds – 3.3 billion MNT For these projects, the advance payment according to contract should have been 30%, or 6.2 billion MNT. However, the relevant management in Khan-Uul District violated the procedure and provided an extra 3.2 billion MNT. As a result, the total advance became 45%, which was revealed through auditing and city inspections.
The second issue is the claimed loss of 3.1 billion MNT from the Selbe City development bond. For the Selbe City construction, a total of 500 million USD in bonds was raised from 17 investors and, on November 21, 2024, was deposited into the Ministry of Finance's USD account at the Bank of Mongolia. Afterward, in consultation with the Ministry of Finance and the Bank of Mongolia, these funds were placed in commercial banks in low-risk, high-interest deposits. As a result, on December 13, 2024, a total of 100 million USD was placed in commercial banks as deposits with interest rates ranging from 12.5% to 16.1%.
The audit agency concluded that there was a 3.1 billion MNT loss due to the difference in the bond funds. However, based on calculations for the half-year, it was not a loss but a profit. Specifically, in 2025, 108.2 billion MNT will be earned from the interest income of Selbe’s 500 million USD, while 66.3 billion MNT will be paid for securities. Thus, a total profit of 39.6 billion MNT is expected. Therefore, there is no basis for claiming that these funds were inefficiently deposited."
Transferring Some State Functions to the Private Sector and MNCCI Will Reduce Bureaucracy, Officials Say
Published: 2025-07-01 | Translated from: unuudur.mn
Prime Minister of Mongolia G. Zandanshatar met with B. Lkhagvajav, acting president of the Mongolian National Chamber of Commerce and Industry (MNCCI). The Prime Minister expressed that the government will support employers, the private sector, investors, and wealth creators, protect their interests, and wished for MNCCI to support and work openly in line with this policy.
He noted that there is ongoing work to present comprehensive draft laws to the State Great Khural (Parliament) to support wealth creators, including a comprehensive tax law package, and that the MNCCI needs to play an active role in implementing these laws as well as the laws on Public-Private Partnerships and Permits. The Prime Minister emphasized that by transferring some state functions to the private sector and MNCCI, state pressure and bureaucracy will be reduced.
The “Mongolian Economic Forum” will be held soon. The Prime Minister highlighted the importance of the government and MNCCI working together so that the government can constantly listen to and resolve the opinions and suggestions of businesspeople, entrepreneurs, and investors, rather than interacting only once a year during the forum.
Human development is the government's largest mega project. Prime Minister G. Zandanshatar urged enterprises to support the development of their employees and the cultivation of the Mongolian person, and provide proper leadership.
The government has submitted the "Austerity Amendment" to Parliament and has initiated reforms to create a lean, professional, and productive civil service. Apart from teachers and doctors, the amendment includes a nine percent reduction in the number of civil servants. For employers, the private sector, and wealth creators, there is currently a shortage of labor force, which is a pressing issue. The Prime Minister requested MNCCI to conduct research on this topic and expressed the government's readiness to collaborate in transferring civil servants to the private sector, organizing training, and providing employment services.
He also noted that it is correct to conduct “re-skilling” training for the entire workforce. New jobs are emerging based on artificial intelligence and digital technology. The Prime Minister expressed the government's intention to support the initiation of a “re-skilling” wave.
B. Lkhagvajav, acting president of the MNCCI, congratulated Prime Minister G. Zandanshatar on his appointment as the 34th Prime Minister of Mongolia on behalf of the MNCCI's governing council, executive members, and himself, and wished him success.
The MNCCI also declared its readiness to support and cooperate effectively with the Prime Minister’s policy of reducing state involvement in the economy and building a private sector-led, stable, inclusive, and resilient economy to enhance the nation’s resilience.
In addition, MNCCI offered to cooperate with the Government of Mongolia amid the current challenging macro environment, including global geopolitical tensions, trade wars, revenue disruptions due to domestic price declines of main export products, fiscal deficits, and the depreciation of the national currency, all of which negatively affect both the public and private sectors.
Gold Deliveries Down 24.3% in the First Half of the Year. Will It Rise in the Second Half?
Published: 2025-07-01 | Translated from: itoim.mn
The Bank of Mongolia purchased 5.9 tons of gold in the first half of the year.
In June 2025, the Bank of Mongolia bought 1,587.4 kg of gold, bringing the total purchase of precious metal since the beginning of the year to 5.9 tons. This figure represents a 24.3% decrease compared to the same period last year.
There are expectations that gold deliveries will increase in the second half of 2025. This is because, alongside the 2025 budget amendment, a draft resolution from the State Great Khural (Parliament) to implement the "Gold-3" campaign has been submitted. If this draft resolution is approved, work will begin to bring gold deposits with reserves of more than 3 tons into economic circulation. Deposits with more than 3 tons are considered primary deposits.
Additionally, once the resolution is approved, the Ministry of Industry and Mineral Resources will be able to support, through policy, the simplification of the processes for granting exploration and exploitation licenses and attracting new investment to gold projects.
Within the framework of the "Gold-3" campaign, it is expected that gold deliveries will increase by 10 tons annually.
Experts in the field believe that, due to the "Gold-3" campaign, gold deliveries will increase in the second half of 2025 and may reach 20 tons by year-end. If Mongolia is able to purchase 20 tons of gold annually, foreign currency reserves could increase by $2 billion.
While coal prices, a major source of budget revenue, are falling on the world market, the price of precious metals continues to rise. For this reason, Mongolia has set a goal to increase gold mining during this period of high prices. After the approval of the draft resolution by the State Great Khural, primary gold deposits with ready technical and economic feasibility studies will be brought into economic circulation. If needed, the Bank of Mongolia will consider and resolve the issue of providing working capital loans at favorable terms to enterprises.
Initially, there are plans to put five major gold licenses into economic circulation, with higher requirements for environmental rehabilitation than before, as emphasized by the Minister of Industry and Mineral Resources, G. Damdinyam. Preliminary estimates suggest that if the "Gold-3" campaign is successfully implemented through 2028, the amount of gold delivered to the Bank of Mongolia could increase by 10 tons each year.
The Bank of Mongolia sets its purchasing price for precious metals based on the global market price. In June 2025, the average purchasing price for gold was 385,320.36 MNT per gram.
Discussion of the Draft Resolution on Measures to Reduce Loan Interest Rates
Published: 2025-07-01 | Translated from: gogo.mn
The third issue discussed at the meeting of the Standing Committee on Economics of the State Great Khural was the draft resolution of the State Great Khural regarding "Measures to Reduce Loan Interest Rates." Member of Parliament L. Soronzonbold presented the draft at the meeting.
The draft resolution instructs the Bank of Mongolia to study and implement the following six measures to reduce loan interest rates:
- To study and, if necessary, implement regulatory measures regarding increasing the mandatory reserve requirements for time deposits with interest rates higher than the average rate of the banking system during the relevant period, and establishing prudent ratios to reduce the cost of funds.
- To reduce the cost of converting foreign currency funding sourced from international markets by banks and non-bank financial institutions into the national currency depending on the maturity.
- To require banks to study and implement measures to reduce and differentiate the mandatory reserve requirements applied to business loan funding sources.
- Additionally, commercial banks should set interest rates for loans to low-risk borrowers and disclose them to the public at regular intervals.
- The effective interest rate, including fees and commissions on loans, must be clearly communicated to customers and publicly disclosed.
- The Bank of Mongolia is tasked with studying and updating the criteria and conditions for establishing and operating branches of foreign banks in Mongolia, as well as improving the legal environment governing the operations of foreign banks.
The draft resolution also recommends assigning two measures to the Financial Regulatory Commission to study and implement, in order to reduce interest rates and develop the non-bank financial sector. It instructs financial institutions to study ways to reduce the associated costs and time when raising funds in the capital market through infrastructure organizations.
It also includes a directive for the Financial Regulatory Commission to study requirements for the minimum charter capital of non-bank financial institutions, as current requirements and criteria are increasing the cost of funds, and to differentiate these requirements according to the conditions in urban and rural areas.
Furthermore, the draft resolution instructs the Bank of Mongolia and the Financial Regulatory Commission to separately study and develop proposals on establishing maximum interest rate caps for business loans, consumer loans, and other loan products, and to submit these proposals. In addition, they are required to study and propose improvements to the current methodology for loan assessments based on real estate collateral, and report on the implementation of the resolution by November this year.
In connection with the presentation by MP L. Soronzonbold, MPs M. Badamsuren, P. Sainzorig, S. Erdenebat, and N. Batsumberel asked questions, received answers from the working group, and expressed their views regarding the draft. Afterwards, the draft resolution on "Measures to Reduce Loan Interest Rates" was discussed, and a vote was held on whether to endorse the draft for further discussion and approval at the plenary session. The majority of members present at the committee meeting—77.8 percent—voted in favor. Therefore, it was decided to present the committee's opinion and conclusion regarding the draft, developed by the working group established by the committee’s second resolution of this year, to the plenary session of the State Great Khural.
Diplomacy
Mongolia Emphasizes the Creation of a Stable and Reliable External Environment
Published: 2025-07-01 | Translated from: montsame.mn
Prime Minister G. Zandanshatar of Mongolia met yesterday with representatives of embassies and international organizations based in Mongolia, as well as foreign investors and partner organizations. The Prime Minister provided detailed information on the policies and measures the Government of Mongolia is implementing to mitigate the negative economic impacts caused by the complex and divisive state of international relations, and to address the significant challenges facing the country's development. He also emphasized Mongolia's commitment to fairness, transparency, and responsibility in attracting foreign investment.
Furthermore, Prime Minister G. Zandanshatar highlighted that Mongolia is focused on creating a stable and reliable external environment. He reiterated the government's unwavering adherence to the principles of honesty, transparency, and accountability, and its commitment to implementing investor-friendly policies and protecting the rights and interests of investors.
He expressed intentions to listen to suggestions from the private sector, to strengthen public-private partnerships, and to work towards creating mutually beneficial conditions for citizens, partners, and investors, in order to establish a favorable environment for long-term and sustainable investment. In relation to the decline in global conditions and commodity prices, he underscored the government's efforts to reduce state expenditure, optimize government structure, and pursue reforms and budget adjustments based on quality over quantity.
The Prime Minister also cited examples of Mongolian youth achieving international success in sports and intellectual competitions: Mongolian girls' team won silver at the "3x3" Basketball World Championship, the esports team "MongolZ" took second place, and a Mongolian girl performed successfully in the World Chess Championship.
He also noted the recent successful organization of a conference in Mongolia addressing climate change and regional security issues, and invited representatives to widely participate in the upcoming "Mongolian Economic Forum" and "World Businesswomen's Summit" to be held in Ulaanbaatar.
At the end of the meeting, Prime Minister G. Zandanshatar stated: "The success of our cooperation is based on mutual trust and partnership. Let us remain committed to peace, development, and friendly relations, and move forward together."
Japan's Emperor Naruhito to Visit Mongolia Next Monday
Published: 2025-07-01 | Translated from: isee.mn
At the invitation of President Ukhnaagiin Khurelsukh of Mongolia, Their Majesties Emperor Naruhito and Empress Masako of Japan will make a state visit to Mongolia from July 6 to 13, 2025. The Emperor will arrive in Mongolia next Monday, with an official welcoming ceremony to be held at Chinggis Square on Tuesday.
This visit will mark the first state visit to Mongolia by Emperor Naruhito and Empress Masako. During the visit, President Khurelsukh of Mongolia and Emperor Naruhito of Japan will hold an official meeting to discuss deepening the friendly relations, mutual friendship, and cooperation between their peoples.
The Emperor and Empress of Japan will attend the opening ceremony of Mongolia's National Naadam Festival and participate as honored guests in other ceremonial events. This state visit bears historic significance in deepening the "Special Strategic Partnership for Peace and Prosperity" between Mongolia and Japan, which share common democratic values, and in strengthening "people-centered" relations and cooperation.
Notably, Emperor Naruhito visited Mongolia in 2007 as Crown Prince to mark the 35th anniversary of the establishment of diplomatic relations between Mongolia and Japan.
A Mongolian Appointed as World Bank’s Resident Representative in Pakistan
Published: 2025-07-01 | Translated from: itoim.mn
Amgaabazar Bolormaa has been appointed as the new resident representative of the World Bank in Pakistan. She replaces Najy Benhassine, who has held the post since 2020, and her appointment is effective from today.
In her statement, she expressed, "I am extremely pleased to be appointed as the World Bank’s resident representative in Pakistan. The World Bank and Pakistan have a longstanding partnership that has brought positive change to millions of lives over the years. I look forward to further deepening cooperation with the federal and provincial governments, local organizations, civil society, the private sector, development partners, and other stakeholders."
Bolormaa, a citizen of Mongolia, has over 20 years of experience in international development. She first joined the World Bank in 2004 and has worked in East Asia and the Pacific, Africa, Eastern Europe, and Central Asia. Previously, she held leadership positions in the World Bank’s resident offices in Kyrgyzstan, Indonesia, and Timor-Leste. Before joining the World Bank, she worked in international development in Mongolia, Indonesia, and Timor-Leste.
Bolormaa emphasized, "We will continue to support Pakistan on key development challenges such as stunted child growth, lack of educational opportunities, high vulnerability to the negative impacts of climate change, and the sustainability of the energy sector."
Her appointment coincides with the launch of a new 10-year "Country Partnership Framework" (CPF) to be implemented by the World Bank in cooperation with Pakistan. Under this program, the World Bank’s financial institutions plan to provide a total of $40 billion in support. Approved at the beginning of 2024, the program focuses on reducing child malnutrition, improving the quality of education, increasing resilience to climate change, and supporting structural and institutional reforms to promote private sector-led economic growth.
Infrastructure
A Memorandum of Understanding Signed to Accelerate the Steel Complex Project
Published: 2025-07-01 | Translated from: ikon.mn
One of the 14 mega projects being implemented by the Government of Mongolia is the Steel Production Complex Project, which is based on the Darkhan Metallurgical Plant. To accelerate this project, Darkhan-Uul Provincial Governor B. Azjargal and the CEO of “Darkhan Metallurgical Plant” LLC B. Chagnaadorj signed a memorandum of cooperation. As a result, the issue of allocating 1,000 hectares of land for establishing the steel complex in Khongor soum of Darkhan-Uul province has been resolved.
Within the framework of cooperation, the land allocated by the province and local authorities will not be transferred to individuals or legal entities, will be used for its intended purpose, and support will be provided to resolve the social issues of employees and staff. “Darkhan Metallurgical Plant” LLC has 1,497 employees and staff, of which 11% are from Selenge province and 88% are residents of Darkhan-Uul province. To address their social issues, the previously paused employee housing project will resume this autumn, and salaries are being gradually increased. In 2025, “Darkhan Metallurgical Plant” LLC plans to generate sales revenue of MNT 520 billion; however, in the half-year performance, MNT 270 billion has already been generated, exceeding the plan. This year, MNT 27 billion has been contributed to the local budget of Darkhan-Uul province.
With the implementation of the "Steel Production Complex" project, which will produce one million tons of steel billets and rolled products annually to meet domestic demand, local budget revenue will increase tenfold, with an opportunity to accumulate MNT 250 billion annually in the wealth fund, fully meet domestic steel demand, and enable exports. Additionally, 1,200 new jobs will be created, raising the development of steel production in Mongolia to a new level.
Notice: Media organizations (TV, Radio, social networks, and websites) are prohibited from using our information in whole or in part in any form, except by agreement and with proper source citation (ikon.mn).
British Media Highlight “Ulaanbaatar Metro” Project
Published: 2025-07-01 | Translated from: itoim.mn
The “Ulaanbaatar Metro” project has drawn the attention of British railway industry experts, and media outlets in England have emphasized that this marks a new chapter of cooperation between the two countries.
At the "Rail Live 2025" event held in Warwickshire, UK, T. Munkhdalai, director of the Ulaanbaatar Metro project, and architect Kh. Yelik presented their project, informing and discussing collaboration opportunities with leading UK and global companies, as well as top financial and consultancy firms.
The United Kingdom is a global leader in the railway sector, recognized for its advanced implementation of technology and innovation, with well-established standards in safety, advanced engineering solutions, and sustainable development. Accordingly, they met with representatives of companies that have successfully implemented large projects such as the construction of the London Underground and other major infrastructure—companies such as Alstom UK, CAF UK, Hitachi, Pandrol, Ricardo Rail, and Arup—studied their experience in rolling stock supply, railway system integration, depot management, and station facility technology (e.g., PSD and SCADA systems). Major British media such as Rail Business Daily, Ground News, Railway News, and Rail Live have covered the Ulaanbaatar Metro project.
To summarize what these articles mentioned: “Within the framework of the Ulaanbaatar Metro project, the first metro line, 19.4 km long with 15 stations and 1 depot running from Tolgoit to Amgalan, is planned for implementation between 2024 and 2030. Currently, the project's feasibility study and initial design have been approved, while the selection of contractors for construction works and the preparation of environmental and social impact assessments are underway.
Once implemented, citizens will be able to travel distances that currently take 45 minutes by bus in just 15 minutes by metro. Additionally, road network traffic will improve by 10 percent, producing positive effects on society, the economy, and the environment. This project is not only an infrastructure upgrade for public transport but also introduces international best practices and technology to Mongolia, serving as an important benchmark for future major projects and investment cooperation.”
It should be mentioned that on May 8, 2025, the Office of the Governor of Ulaanbaatar signed a "Memorandum of Understanding" for collaboration with the Secretary of State for Trade and Business of the United Kingdom (through UK Export Finance). Under this memorandum, UK Export Finance will provide financial guarantees and support for the Ulaanbaatar Metro project and other projects implemented by the capital city. This is an important step towards raising the level of cooperation between the UK and Mongolia.
LINKS TO THE ARTICLES:
1. Rail Business Daily (https://news.railbusinessdaily.com/mongolias-first-mass-rapid-urban-rail-initiative-turns-to-uk-expertise/)
2. Ground News (https://ground.news/article/metro-trains-and-electrical-and-mechanical-equipment-will-be-purchased-from-england)
3. Railway News (https://www.railwaynews.net/ulaanbaatar-metro-uk-rail-innovations-future-of-sustainable-transport.html)
4. Rail Live (https://raillive.org.uk/features/ria-unlocking-innovation-showcase)
Rosneft's Angarsk Oil Refinery to Conduct Routine Maintenance for About a Month
Published: 2025-07-01 | Translated from: gogo.mn
The issue regarding the stock of petroleum products was discussed at last week's Government meeting. On this matter, the Minister of Industry and Advanced Technology, G. Damdinyam, provided the following information.
He said that due to the unstable situation arising from mutual missile strikes between Iran and Israel, there is a risk of the Strait of Hormuz, through which 20% of the world’s crude oil passes, being closed. As a result, a trend of rising oil prices has been observed.
Because the external environment is extremely unstable and unpredictable, the Government of Mongolia has decided to increase its orders, engage in negotiations with oil importers, and fill storage tanks in order to boost reserves and ensure enough stock for the coming August and September.
Additionally, it has been reported that Russia’s Rosneft company’s Angarsk oil refinery will undergo routine maintenance from August 10 to September 2. To create reserves in advance, the Government has decided that the Bank of Mongolia will provide concessional loan sources to oil importers.
The Ministry of Industry and Mineral Resources will be responsible for working with oil importers to increase orders and address issues related to the transportation of petroleum products.
5 Projects Postponed Out of 14 Mega Projects
Published: 2025-07-01 | Translated from: itoim.mn
Coal prices have dropped by 40% in the global market, resulting in a significant shortfall in our country's budget revenue.
Therefore, the government led by G. Zandanshatar has reviewed the 14 mega projects announced by the previous administration and classified them into three categories: already commenced, to be implemented, and to be postponed, according to the Minister of Economic Development N. Uchral. Specifically, the 14 mega projects have been ranked and divided into four groups based on 14 selection criteria. A total financing of 43.4 trillion MNT is required to implement all 14 mega projects.
The projects are evaluated by: - Impact assessment of funding sources - Social impact assessment - Project readiness assessment and 14 other criteria.
Railway border connections, the oil refinery project, the uranium project, and the Erdeneburen hydroelectric power plant project are considered to have commenced implementation.
Five highly significant projects to be implemented: - Tavantolgoi power plant - Copper processing plant - Steel complex - Gold refining plant - Coal chemical complex
Projects to be postponed: - Renewable energy and distributed sources - Kherlen, Tonoht, Orkhon-Ongi - Eg River - National satellite - Railway vertical corridor in the directions of Ereentsav-Baruun-Urt and Bichigt
SUKHBAATAR: One Kilometer of the 152 km Baruun-Urt–Bichigt Road Costs 2.1 Billion MNT
Published: 2025-07-01 | Translated from: montsame.mn
Construction has officially started on the Baruun-Urt–Bichigt highway, a major project that will add a new transit route to the Asian-European road network crossing Mongolia. Funded by the state budget, one kilometer of the 152 km road is valued at 2.1 billion MNT. The project will be implemented by Mongol Zam Group LLC. According to the company's Board Chairman B. Tsogtserel, the project will primarily hire local workers, not only to involve the local workforce in this major construction but also to ensure their salaries and bonuses remain in their communities.
The Bichigt border checkpoint is developing into a major port after Zamyn-Uud, and through connections with ports such as Tianjin, Jinzhou, and Dalian in China, it will create significant opportunities for trade with Northeast Asian countries. Additionally, the project is expected to have a vital impact on the development of Sukhbaatar province’s economy, particularly its dominant agriculture and mining sectors, as well as tourism and regional commerce.
Minister of Road and Transport B. Delgersaikhan, Members of Parliament U. Otgonbayar, Ts. Iderbat, L. Soronzonbold, M. Gankhuleg, Chairman of the Citizens' Representative Khural D. Khosbayar, and local leaders attended the opening ceremony of the road project. Once in operation, this road will serve not only Sukhbaatar province and the eastern region but will also become a key pillar for Mongolia's society and economy. Sukhbaatar province's Asgat and Erdenetsagaan districts alone have more than 10 significant mineral deposits, and developing responsible mining and transporting resources via the Bichigt border will multiply the sector’s revenues, thereby bringing Mongolia closer to having direct access to the sea. Member of Parliament U. Otgonbayar emphasized in his speech that, in the future, Bichigt port will become Mongolia’s second major port after Zamyn-Uud.
In his remarks, Chairman of the Provincial Citizens' Representative Khural D. Khosbayar highlighted that building a paved road from Baruun-Urt to Bichigt has been a long-held dream for residents of Sukhbaatar. Ten years ago, then-MP J. Batsuuri, who served as the province's governor, presented the project for a paved road connecting Baruun-Urt and Bichigt, the shortest route linking Asia and Europe, to the Mongolian government. Today, he said, this dream is coming true and we are making history.
An 8 km Long Conveyor Belt System for Transporting Ore to the Surface Has Been Commissioned
Published: 2025-07-01 | Translated from: itoim.mn
The conveyor belt system with a capacity to continuously transport 95,000 tons of ore per day from the Oyu Tolgoi underground mine to the surface operates 24 hours a day. This is Mongolia's first suspended structure facility. In June 2025, the 8 km long conveyor belt system for transporting ore from the underground mine to the surface was commissioned.
More than 10 domestic and international companies jointly completed the construction and engineering of this large-scale project over three years.
According to international experience, the most efficient and optimal method for transporting ore from underground mines to production facilities is the conveyor belt system. Since it uses electric power, it results in lower carbon emissions, making it an environmentally friendly and smart solution.
With the joint effort of Mongolian engineers and foreign specialists, the commissioning of this conveyor belt system is expected to increase productivity by 4-5 times.
SUKHBAATAR: The Construction of the Baruun-Urt to Bichigt Highway Has Begun
Published: 2025-07-01 | Translated from: montsame.mn
The construction of the highway from Baruun-Urt to Bichigt, funded by the state budget, has officially begun. Representatives from the Government of Mongolia, members of Parliament, as well as local leaders from the aimag (province) and sum (district), and representatives of the local residents participated in the opening ceremony, witnessing this historic event.
Society
Five Plane Loads of South Korean Tourists Arrive in Mongolia Every Day
Published: 2025-07-01 | Translated from: news.mn
Interview with M. Narangerel, Executive Director of the Tourism Professional Association
Walking through the city streets, you come across quite a few foreign tourists. Citizens are saying that "the number of tourists coming to Mongolia this year has sharply increased." What kind of statistical data does your professional association have on this?
As of June 26 of this year, 329,042 foreign tourists have arrived in Mongolia. This figure represents a 24% increase compared to the same period last year. For the first time, in June, we received 87,000 tourists. On average, about 2,700-3,500 foreign tourists enter Mongolia's borders each day. We receive this statistical data daily from the General Authority for Border Protection. The Border Protection Authority classifies foreign visitors by their purpose, separating out those who come to reside permanently, for business purposes, or for study, and counts all others as tourists. This is because even those attending business meetings stay in hotels and use tourist services. Therefore, the numbers provided are reliable regarding the count of foreign tourists. We also receive very detailed information from border posts. Previously, we used to have 12 flights per week, but from 2024 onward, we now receive 12-15 flights per day. This is one of the indicators confirming the increase in tourists. For example, over 1,000 tourists arrive from South Korea in a single day. Since Mongolia shares land borders with Russia and China, tourists also come by road, but South Korean tourists enter only through the border zone at Chinggis Khaan International Airport. Roughly five plane loads of South Korean tourists are arriving in Mongolia every day. Following South Korea, the largest groups are from China and Russia, then Japan, the USA, Germany, France, Australia, the UK, Belarus, and Turkey. This year's structure shows that Mongolia's active and consistent marketing efforts have extended not just to Asian countries but well into European countries too.
Apart from these countries, are there any statistics on tourists from other parts of the world who have never visited Mongolia before?
There are even cases where a single tourist comes from countries elsewhere in the world. This reflects Mongolia's growing global recognition in economics and investment fields. Some tourists may visit Mongolia for the first time via international organizations. Also, due to Mongolia organizing various conferences and high-level state visits in cooperation with foreign countries, tourists from Arab and African nations are arriving.
For the first time in 2024, Mongolia received 808,000 tourists. The goal this year is to receive one million tourists. Do you think this is possible?
Last year, due to certain circumstances, we couldn't fully implement the part of our program aiming for one million foreign tourists. That part was border tourism. Last year, there were parliamentary elections, and as soon as it was decided to implement agreements to promote border tourism, the matter became politicized. A particular Member of Parliament spread rumors of "bringing many Chinese citizens into Mongolia." We have a cross-border ID system for border travel. Mongolians, too, can cross via Altanbulag border without a passport using a white card. There was a plan to invite Chinese border area residents for 1-7 days to make purchases and introduce national products. For instance, in China's Khüan province, if you participate in border tourism, they give 500 yuan vouchers. We developed tourism programs tailored to this sum and planned to organize festivals and events in border regions. Governments of both countries discussed and agreed on this over more than a year with relevant ministries. However, because of electioneering politicians in the Gobi region, the plan was scrapped. If it had not been interrupted, we could have received a million tourists last year. There is full potential to receive international tourists via 6-7 border crossings. With the new Minister for the sector, we've requested to implement border area tourism in July, August, September, and October as a first step.
You have highlighted the sector's recovery using statistical figures. However, is the focus only on numbers while quality and service are being overlooked?
Service quality is an acute issue in tourism. In the first two years of the "Visit Mongolia" year, the focus was mostly on international advertising. Effort was made to make the world aware of Mongolia and inspire people to visit. As a result, tourist numbers increased rapidly, but after the pandemic, enterprises could not fully recover economically. Much time is being spent on improving equipment, investing, upgrading environments, and retraining lost human resources. Furthermore, as a seasonal sector, it’s hard to establish stable jobs and consistent human resources. With new employees, the quality of services and offerings has suffered. International experience shows that states invest heavily in this sector, exempting businesses from taxes for many years, creating major infrastructure. But Mongolia is not a mass tourism destination. With only three million inhabitants, there is no human resource pool for mass tourism. Moreover, tourist destinations in Mongolia are remote and spaced far apart. Thus, we must enhance the quality and accessibility of existing tourist camps to increase satisfaction. Human resource issues must be addressed. For this, the tourism sector is actively pushing for quotas to bring in foreign workers. For example, Ulaanbaatar Hotel employs foreign service staff. In the event of a suddenly large influx, unprepared local staff can be overwhelmed. During peak July season, the sector even struggles to serve domestic travelers. This all shows the lack of policies for developing domestic tourism. In the future, it’s advisable to develop year-round/four-season tourism.
Most foreign tourists are interested in attending the opening and closing ceremonies of the national Naadam festival. However, due to the Central Stadium's capacity, only 10-20 tickets are usually given per company, sector representatives say. How many tourists will watch Naadam this year?
In the past 30 years, we have promoted Mongolia as a summer destination, inviting people during the best season. The largest, most attractive event of this period is the National Naadam Festival. The Ministry of Culture will be organizing the “Nomad” Festival for the third year this year. This festival is intended to spread out the influx of foreign tourists coming specifically for Naadam and alleviate crowding. For the first time, the city's Tourism Department merged the Ulaanbaatar Citizen's Festival with the Danshig Khuree Tsam festival in June this year. If three major events are organized at the national Naadam scale, the number of interested foreign tourists will increase sharply. This was previously tested with the Eagle Festival. Originally held only in Bayan-Ulgii province, travel companies began organizing the festival at weekly intervals in neighboring areas. As a result, tourists came over the course of an entire month, flights became more accessible, and it had a positive impact on the local economy.
Air China’s C909 Aircraft Makes Its First Flight to Mongolia
Published: 2025-07-01 | Translated from: news.mn
The official opening ceremony of the first international flight of Air China’s C909 aircraft took place today at Chinggis Khaan International Airport.
"THE FIRST JET PASSENGER AIRCRAFT FULLY INDEPENDENTLY DESIGNED BY CHINA"
Chinese Ambassador to Mongolia, Shen Minjuan:
—I am very pleased to personally participate in the first international flight of the C909 aircraft, which was independently designed by China and flies under the national flag of the People’s Republic of China. On behalf of the Chinese Embassy in Mongolia, I express my deep gratitude to all our Chinese and Mongolian friends who worked hard for the successful completion of this flight. The C909 is China’s first 100% independently designed jet passenger aircraft, and it is highly adaptable to environmental and climatic conditions. Currently, over a dozen domestic and foreign organizations have received more than 200 of these planes, and around 600 flights have been completed to about 200 cities, bringing new momentum to the global air transport market.
With today’s maiden flight, a new international route is added for the C909 aircraft, which will give both countries’ tourists a new flight experience and support the “Go Mongolia” and “China Travel” initiatives. The history of the C909’s development is a clear sign of the rapid growth of China’s aviation industry and an achievement of scientific and technological innovation and sustained investment. Looking at today’s China, high-speed trains cross mountains and rivers, electric cars reach thousands of households, artificial intelligence is used in enterprises across all sectors, and technology in fields like green energy and advanced manufacturing are among the best in the world.
This spring, China held a neighbor relations meeting of the CPC Central Committee, where President Xi Jinping emphasized the importance of building a community of shared destiny with neighboring countries. The Chinese side is ready to deepen the alignment of development strategies with Mongolia, share experience in scientific and technological innovation, cooperate on high-quality Belt and Road infrastructure projects, and support Mongolia’s social and economic progress and the well-being of its people.
In these crucial times when global air transport is recovering, I believe that the aviation enterprises of our two countries will foster even closer and deeper cooperation. I hope Chinese-made national aircraft will operate on more routes between China and Mongolia, providing passengers with safe, economical, and comfortable flights, and contributing even more to the global aviation sector’s development.
"C909 FLEET OF 35 AIRCRAFT, OVER 110,000 SAFE FLIGHT HOURS AND 4 MILLION PASSENGERS CARRIED"
Xue Jun, Regional Director of Central Asia and Pacific for Air China:
—I am very happy to be here with you in beautiful Ulaanbaatar to launch the first international flight of the Chinese-made C909 aircraft on the Hohhot-Ulaanbaatar route. This marks the official entry of the C909 into international commercial service. Currently, our company operates 35 C909 aircraft, which have safely completed more than 110,000 flight hours and have carried over four million passengers. On behalf of Air China, I would like to sincerely thank all the guests present, our sector partners, and the media for their support and cooperation.
In recent years, Air China has worked hard to increase air routes within the Belt and Road Initiative and to promote the Belt and Road aviation network. Air China has launched 68 routes to 29 countries as part of the initiative. The Hohhot-Ulaanbaatar route, launched in 2019, significantly contributed to the initiative and created favorable conditions for the peoples of both countries to visit each other.
China and Mongolia are friendly neighbors connected by mountains and rivers. In July 1950, China inaugurated its first air route to Ulaanbaatar, becoming one of the first countries to introduce air transport to Mongolia. In 1958, the governments of China and Mongolia officially signed a bilateral air transport agreement. In 1991, Air China opened its representative office in Ulaanbaatar and successfully resumed the Beijing-Ulaanbaatar route on August 6 of the same year. Thus began the history of civil aviation cooperation between China and Mongolia, opening an air bridge that has now lasted 75 years.
In recent years, relations between China and Mongolia have steadily developed, with mutually beneficial cooperation in many sectors. On November 1, 2024, Air China and MIAT officially signed a codeshare agreement, marking a new chapter in cooperation between our two national carriers. This year also marks the 12th anniversary of the Belt and Road Initiative. By operating the C909 aircraft and increasing the frequency of flights to daily service, Air China aims to further deepen economic, trade, cooperation, and cultural exchanges between our two countries. We will continue to promote the development of the Belt and Road Initiative and strive to make Chinese-made aircraft a new symbol of Sino-Mongolian friendship.
J. Dulamsuren: Selling Open Street Food Will Be Prohibited on Naadam Day
Published: 2025-07-01 | Translated from: isee.mn
The National Naadam Festival organizing committee held a press conference today. During this event, J. Dulamsuren, a member of the Sub-committee for Trade and Service, stated: “During the Naadam festival, 576 food production, trade and service, and amusement game stalls will be set up at the Central Stadium and Khui Doloon Khudag. Of these, 206 points for food service, small and medium enterprise production, and trading will be at the Central Stadium, and 280 permits will be issued for Khui Doloon Khudag. Ninety permits will be given for the cultural market area reserved for small and medium-sized producers.
This year, for food production at the Central Stadium, enterprises from Khan-Uul, Bayangol, and Sukhbaatar districts will operate. Food production permits will only be granted to enterprises, not individuals. However, trading permits will be given to individuals. At Khui Doloon Khudag, entities from Songinohairkhan, Bayanzurkh, and Chingeltei districts will be allocated stalls.
This year, businesses applying must be registered in the Online Business Center's information system. Registered businesses must have professional chef certificates and necessary supporting documents. Additionally, all staff working in services must have a health examination record (white booklet), filled within the last six months. Applications will also be accepted. Requests must be submitted to Ulaanbaatar.mn before 16:00 today. Registration will close on July 3, and within July 4, the selection process will be completed and businesses will be notified.
Training sessions regarding water, fire safety, and waste management will be organized in districts. Having a professional chef certificate will be mandatory for public food preparation. During the Naadam celebrations, food poisoning and intestinal diseases often occur due to consuming food purchased from open and street vendors. The weather will also be hot during the festival. Highly perishable food products are widely sold. Therefore, selling food in open, street conditions will be strictly prohibited.”
Environment
137,740 Households Live in 49 Soums Rated as High and Very High Risk for Flooding
Published: 2025-07-01 | Translated from: ikon.mn
The Risk Management Department of the National Emergency Management Agency (NEMA) has conducted a general assessment of flood risk. As a result, among the 21 provinces: Orkhon, Govisumber, and Sukhbaatar have been classified as high risk (orange level); Bayan-Ulgii, Uvs, Khovd, Zavkhan, Govi-Altai, Bayankhongor, Khuvsgul, Bulgan, Tuv, Uvurkhangai, Umnugovi, Dundgovi, Darkhan, Selenge, Dornogovi, and Khentii as medium risk; and Dornod and Arkhangai as low risk. Furthermore, among the 330 soums (districts) across the 21 provinces, there are 19 soums with very high risk, 30 with high risk, 159 with medium risk, 94 with low risk, and 28 with very low risk.
The overall flood risk assessment shows that of the 21 provinces, three are high risk, 16 are medium risk, and two are low risk. Out of the 330 soums, 19 are very high risk, 30 are high risk, 159 are medium risk, 94 are low risk, and 28 are very low risk. It has been estimated that in 49 soums classified as "very high or high" flood risk, 137,740 households are at risk of being affected by floods.
On a national scale, in the last 10 years, 1,212 incidents of weather and climate-related disasters have been recorded, with 41.3 percent of them related to heavy rains and floods. In recent years, cases of loss of life, health impacts, and property damage due to flood hazards and water accidents have increased. Therefore, it is recommended that every citizen takes steps to reduce disaster risk, respond promptly, and implement preventive measures.
Source: NEMA
Notice: Media organizations (Television, Radio, Social and Web sites) are prohibited from fully or partially using our information in any form, except by explicit agreement, in which case the source (ikon.mn) must be cited.
Number of Forest and Steppe Fire Calls Increased by 75.9%
Published: 2025-07-01 | Translated from: news.mn
Relevant authorities provided information about the current state of forest and steppe fires and the general weather outlook for the coming days. According to T. Bayarkhuu, Secretary of the National Emergency Commission, 32 forest and steppe fires have been recorded in the last 10 days, from June 20 to June 30. Breaking down by province, there were 2 in Bulgan, 1 in Darkhan-Uul, 1 in Dornod, 2 in Tuv, 2 in Khentii, 2 in Khuvsgul, and 21 in Selenge. Of these 32 fires, 28 have been fully extinguished, 3 are contained, and efforts are ongoing to extinguish one remaining fire.
As of 2025 (possibly a typo, context implies 2020), across the country, there have been 144 forest and steppe fires reported in 65 soums of 12 aimags and 3 districts of the capital. Compared to the same time last year, forest and steppe fires have increased by 75.9%, and steppe fires by 116.9%.
P. Soronzonbold, Head of the Firefighting Department at NEMA, stated: As of yesterday, the General Department of Emergency Situations has fully extinguished 7 major forest and steppe fires and handed them over to local administrative units. Currently, 3 main forest fires are contained, and efforts are being organized to bring one fire under control. Over 380 staff, along with more than 600 local residents and officials, are working to fight the fires. In addition, helicopters from the Armed Forces’ General Staff’s 303rd Unit and the 111th Air Rescue Unit are being used for aerial search, surveillance, patrolling, and transportation of personnel to key fire locations. The task of returning all personnel involved in firefighting to their respective units is also underway.
B. Jargalan, Meteorologist from the National Agency for Meteorology and Environmental Monitoring, said that by June 30, most soums in Khovd and Bayankhongor, as well as some parts of Bayan-Ölgii, Arkhangai, Selenge, and Tuv provinces, had a moderate level of dryness. However, regions in the Gobi and eastern provinces experienced high to extreme dryness. Precipitation of 8-24 mm was recorded in the Gobi and eastern aimags. In the coming days, temperatures are expected to rise across the country, with central and Gobi regions likely to experience daytime highs above 30°C. On July 3 and 4, significant rainfall is expected in the mountainous areas of Altai, Khangai, Khentii, and Khuvsgul.
During the Naadam festival, occasional showers are expected in the western and Gobi regions. For July as a whole, the temperature is forecast to be above the long-term average, with less rainfall in the western regions but average or slightly above average precipitation in the southern central and Gobi regions.
Innovation
Modern and Powerful Automobile Technology Exhibition Show from Russia’s URAL and GAZELLE Factories Held in Ulaanbaatar
Published: 2025-07-01 | Translated from: gogo.mn
With the support of the Embassy of the Russian Federation and the Trade Representative Office in Mongolia, leading Russian manufacturers, Gorky Automobile Plant and URAL factory, showcased their latest vehicle models to the residents of the capital city at the Independence Square.
This event provided Mongolians, who first became acquainted with vehicles through Russian cars, an opportunity to see how these vehicles have evolved for modern times. It displayed Russia's powerful and reliable vehicles designed to endure severe climates and tough terrains. Accompanying the exhibition were joint performances by Russian and Mongolian artists, entertainment for families, knowledge contests, quizzes, and a fashion show featuring national outfits by famous Russian designers, including a participant from the “Mrs World Russia 2025” competition.
Passenger and cargo vehicles produced in Russia, as well as vehicles built for off-road use and harsh weather conditions, were showcased. The manufacturers themselves attended to introduce their latest models and discussed collaborations and partnerships with local professionals and companies.
Representatives from Russian vehicle manufacturers shared their impressions during the event:
Denis Tsvetov, representative of the Gorky Automobile Plant, stated: "Today we present in Mongolia our vehicles combining modern technical solutions, economic efficiency, and durability. Our vehicles are frontrunners not only in Russia but are also exported to many countries. They serve well for both small and medium businesses, as well as local needs. We are confident our expertise will be beneficial for Mongolia."
Evgeniy Ilyinykh, Director of Foreign Trade for the URAL automobile factory, said: "Mongolians have been familiar with URAL vehicles since Soviet times. Of course, they are powerful. But the vehicles we are introducing today are significantly modernized compared to the old versions. For example, they are comfortable and capable of traversing any terrain, paved or unpaved. They are suitable for sectors like mining and emergency services. We are open to discussing potential partnerships and hope that Mongolians will recognize the true value of our technologies, including their reliability proven over time, capability to operate in harsh climates, off-road prowess, and optimal efficiency."
Ivan Tikhonov, a representative from the Yaroslavl Engine Plant, noted: "The Gorky and Ural truck models are equipped with legendary YaMZ engines manufactured in our own plant, which will celebrate its 110th anniversary next year. We continue our engine manufacturing traditions. Furthermore, we produce huge diesel generators capable of powering entire schools or hospitals. Our engines come in different capacities depending on their application, from 110 up to 800 horsepower, and are fuel efficient. Outdated notions that Russian vehicles are gas guzzlers can now be dismissed, and they are also environmentally friendly."
This event was organized with the support of the Russian Embassy in Mongolia to foster bilateral cooperation and technology exchange between the two nations.
PRODUCT OVERVIEW OF THE VEHICLES
Sobol NN 4×4
The all-wheel-drive "Sobol NN 4x4" is a new-generation vehicle designed for comfort on both paved and off-road travel, possessing great performance in traversing, handling, and maneuvering. It is also suitable for emergency services.
A true amphibious vehicle capable of overcoming any obstacle, with a ground clearance of 220 mm, the vehicle can confidently cross rugged terrain. The independent front axle (200 mm ground clearance) allows for smooth driving and easier overcoming of obstacles. Additionally, the vehicle can cross water up to 500 mm deep without preparation. Its transfer case with reduced gear ratios greatly improves traction in tough conditions, and the rear axle differential lock ensures reliable diagonal off-road movement.
Highlights: - Off-road independent front axle - Reduced gear (2.82), engageable all-wheel drive - Rear axle differential lock - 220 mm ground clearance - Engine and radiator protection - Rear towing hook installed.
The "Sobol NN 4x4" cargo van model exhibited has a three-seat cabin and a cargo compartment with a volume of 7.8 m³. Other variants include a six-seat cabin with a 5 m³ cargo compartment, a truck with a three-seat cabin, and a van with a canopy and fold-down sides on three sides, as well as a seven-seat passenger minibus.
Gazelle NN
This modern bus is equipped with 19 comfortable passenger seats, providing optimal comfort for long-distance travel. The seats are designed to fit human anatomy, using durable materials, with adjustable headrests, lumbar support, and armrests that can recline up to 18 degrees, ensuring comfort on every journey. Three-point seat belts offer additional safety.
The vehicle's interior has been meticulously designed, with thermal, sound, and vibration insulation in the roof, doors, and walls to maintain a comfortable temperature and minimize noise. Panoramic glazing ensures excellent visibility, while deep-tinted windows and protective curtains provide privacy and reduce the load on the air conditioning system.
The installed audio and video systems make every trip pleasant, featuring a 22-inch ceiling-mounted LCD screen and a four-speaker two-channel amplifier for immersive sound.
LED strip lighting throughout the cabin, shelf, and reading light create a pleasant atmosphere during travel. Passengers can independently adjust airflow and lighting using personal vents and lights. Armrests are equipped with backlit USB ports for device charging. Seats come with newspaper pockets and foldable tables with cup holders, particularly useful on long trips.
The luggage compartment under the rear seats holds over 600 liters, enough for 10 medium suitcases, and is made from durable, wear-resistant materials.
Features such as a power sliding side door, automatic folding step with non-slip coating, and LED entry lighting ensure safety and convenience, even at night.
The "Gazelle NN Luxury" tourist bus is equipped with the new efficient G 2.5 diesel engine with 150 horsepower, offering excellent performance, dynamic handling, and lower fuel consumption, thereby reducing operational costs.
Gazelle Business 4×4
The off-road "Gazelle Business 4x4" minibus features an all-wheel-drive system, allowing it to drive comfortably on both highways and dirt roads using rear-wheel drive only to save fuel and reduce noise and vibration. When needed, the front axle can be engaged for sand or mud, and for truly difficult terrain, the rear axle's low gear and locking differential can be activated.
The 4x4 frame design, high ground clearance, and suspension system capable of absorbing bumps allow the vehicle to traverse rough roads with confidence.
The "Gazelle Business 4x4" can carry 13 passengers and is powered by a 2.7-liter gasoline engine that requires minimal maintenance. The range includes vans, cargo flatbeds with three seats, cargo vans and combinations, and emergency response vehicles.
Sobol NN
This compact and multifunctional van is ideal for urban transport. Its highly insulated van body is suitable for transporting food, medicine, and other goods requiring temperature stability. The cargo compartment reaches up to 10 m³, and the flat floor without wheel arches accommodates five euro pallets.
A large steering angle in the front wheels provides exceptional maneuverability, allowing it to turn easily even in tight spaces. The van length is 5 meters, turning radius is 5.4 meters, and parking area is only 13 m², making it well-suited for narrow city streets and confined parking spaces.
The 6-speed G 2.5 diesel gearbox is easy to maintain, handles high loads, and is fuel efficient. Equipment includes air conditioning, multimedia with navigation, heated front seats, mirrors and windshield, pre-heater, comfortable driver's seat, keyless entry, parking brake, transfer case gear controlled electronically, and start/stop button.
Ural NEXT 6x6
This bus is designed for transporting passengers on all types of roads, specifically off-road and in extreme heat or cold.
Operation: Depending on configuration, carries 14-22 passengers, with flexible options for user needs. Gross weight is up to 22.5 tons, with a maximum payload of 13 tons.
The average fuel consumption has been reduced by 8% compared to previous generations, lowering operational costs.
Reliability: Reinforced frame and improved axles ensure long-term durability. 6x6 all-wheel-drive frame design, inter-wheel and inter-axle differential locks for middle and rear axles.
The SCR YaMZ-536 diesel engines with 240, 285, and 312 horsepower meet environmental standard Euro 5.
Comfort and Safety: The cabin is modern and ergonomically designed, with improved thermal and acoustic insulation using advanced materials.
Multiple features increase comfort, safety, and operational ease, including a trip computer, pre-heater, ABS on the brake controller, adjustable tilt multi-steering wheel, power windows, heated mirrors, windshield, and dual display units connected to a computer. The highly adjustable driver's seat reduces fatigue, and the 2DIN multimedia system with display enhances the travel experience. Devices can be charged using 12V and USB ports.
COMPREHENSIVE TRANSPORT SOLUTIONS FROM RUSSIA DESIGNED FOR MONGOLIA
Russian vehicles are distinguished from global competitors by their power, durability, and lifespan. Notably, they can operate in climates with temperatures ranging from -45°C to +45°C (such as in Yakutia), use fuels of various qualities, have simple construction for easy maintenance and high repairability.
Russian manufacturers provide comprehensive solutions for urban buses, public service vehicles, ambulances, as well as a variety of business special-purpose vehicles.
Russian innovations are now being showcased at major international economic and political forums.
The Gorky Automobile Plant’s “Gazelle City FCEV” hydrogen fuel cell electric bus and the “Gazelle e-City” electric bus, as well as the YaMZ 535 H2 hydrogen engine from the Yaroslavl Engine Plant, were exhibited at the Russia-China Expo in Harbin, China, in 2024.
The long Mongolia-Russia land border allows efficient rail transportation and logistics solutions, while over 100 years of diplomatic relations lay the groundwork for mutually beneficial economic cooperation.
Company Information:
The Gorky Automobile Plant is Russia's leading manufacturer of vehicles for business use, producing a variety of cargo and passenger vehicles for small and medium enterprises, public services, agriculture, and medical and educational institutions. Their main models include Gazelle NN, Sobol NN, Gazelle NEXT, Gazon NEXT, Sadko NEXT, Gazelle Business, Sobol Business, Valdai 8, and Valdai 12. The company has its own engineering center and high-tech plant, employing 583 industrial robots and with 85% automation of key production areas. Located in Nizhny Novgorod.
URAL Automobile Plant is one of Russia’s leaders in the production of trucks and special vehicles, offering a variety of all-wheel-drive and partial-drive vehicles using diesel and gas. Products can be customized with over 250 options to meet customer needs. Over 400 types of special equipment and accessories are produced. Products are sold through more than 30 sales and 150 service centers across Russia and in over 40 other countries, based in Miass, Chelyabinsk region.
Yaroslavl Motor Plant "Avtodizel" is Russia’s leading manufacturer of diesel and gas engines, fuel equipment, and transmissions. The company has three factories in Yaroslavl. The YaMZ engine is used in over 400 types of Russian vehicles and machinery, including all types of vehicles, buses, mainline trains, quarry dump trucks, airport tractors, grain harvesters, timber trucks, and excavators. YaMZ engines range from 130 to 800 horsepower. The company also makes “YaMZEnergy” power plants with 60 to 500 kW output based on YaMZ engines, offering over 800 configurations.
Contact: media@os-automotive.com
Health
J.Chinburen: We are losing our children by failing to do the things we can to protect them. Don’t fear the disease—get vaccinated and let’s enjoy the summer festival together.
Published: 2025-07-01 | Translated from: ikon.mn
A public vaccination information event under the slogan "Reach Every Door, Protect Every Child" against measles was held today.
The Government of Mongolia, the Ministry of Health, and relevant organizations have jointly launched a national campaign to provide catch-up immunizations for children aged 0-15 who have missed their measles vaccinations.
As part of this campaign, the "Measles Catch-Up Immunization Intensification Event" was organized outside the "Mend Tsolmon" Family Health Center in the 3rd khoroo of Chingeltei district.
Deputy Prime Minister S. Amarsaikhan, Minister of Health J. Chinburen, Deputy Mayor of Ulaanbaatar, as well as representatives from UNICEF and the World Health Organization attended the event.
Regarding the catch-up vaccination against measles, Minister of Health J. Chinburen stated:
“As health sector workers, we have extended our hours and intensified our preparedness, working hard to protect the health of our citizens. Please respect these efforts and get yourselves vaccinated.
There is nothing to doubt here. We are losing our children by failing to do the things we can to protect them. We learned very important lessons from the outbreaks of 2015 and 2016. Currently, the number of measles cases has exceeded 10,300 and seven children have died.
Looking at the epidemiological picture, there is an increase in cases among young people aged 17 and above who are out and about frequently. Those who have fallen ill are spreading the infection to children who have not completed their vaccination series by age two. We should not let our little ones become such sacrifices.
The summer festival (Naadam) is approaching and we will soon have a long holiday. Let’s all enjoy a peaceful and safe celebration. Don’t fear diseases—get vaccinated, and let’s enjoy the Naadam festival together," he said.
Notice: Media organizations (television, radio, social networks, and websites) are prohibited from using our information in whole or in part in any form. Usage is only allowed through mutual agreement and must always cite the original source (ikon.mn)!
Vaccination Against Measles Begins for Infants 6-8 Months Who Are Not Yet Eligible for Routine Immunization
Published: 2025-07-01 | Translated from: unuudur.mn
Information days for the "Supplementary Immunization Against Measles" are being held throughout Mongolia at district and soum family health centers. These events are organized nationwide, with Family Health Centers offering open services to the public between 11:40 AM and 1:40 PM.
Parents are encouraged to check whether their children under 15 years old have received their scheduled immunizations, either through the E-Mongolia app or the Mother and Child Health Pink Book. If there is no information on completed vaccinations, families are urged to contact their respective Family Health Centers to review their immunization records and ensure their children take part in supplementary vaccinations against measles, mumps, and rubella.
Vaccination against measles has also begun for infants aged 6-8 months who are not yet eligible for routine immunization. Parents and guardians are urged to actively get their children vaccinated.
If there is a child under 9 months in your household or in close contact with you, adults over the age of 18 are advised to participate in voluntary measles vaccination at provincial health departments, district health centers, or the National Center for Communicable Diseases. Doing so helps to protect young children who are not yet eligible for routine immunization from contracting the disease.
Evariste Kouassi Komlan: Mongolia is immunizing its citizens with internationally recognized vaccines
Published: 2025-07-01 | Translated from: itoim.mn
The national immunization campaign "Let's reach every door, protect every child" has officially started throughout the country. This campaign is jointly organized by the Government of Mongolia and the Ministry of Health. The main goal is to prevent infectious diseases among children and fully immunize every child. During the opening ceremony, the Deputy Prime Minister, the Minister of Health, and representatives from related professional organizations provided information.
Minister of Health J. Chingun: During the school and kindergarten break, many think infection rates will decrease and feel at ease, but we must not be complacent. Today, infection mapping shows a marked increase not among 10-15-year-olds, but among youths aged 17 and above. Unfortunately, some of them have not received both doses of the measles vaccine and are transmitting the disease to infants under two and young children who have no immunity. As a result, cases of severe illness and hospitalization among young children have increased. We must not allow our children—the future of our country—to fall victim to disease. Soon the national Naadam festival will take place. To celebrate this festival in a healthy, safe, and peaceful environment, we must take preventive measures. Also, spreading misinformation about vaccines and causing doubt may seem like a personal opinion, but in reality, it is a serious issue that harms the health of many. Unvaccinated individuals spread diseases that end up affecting young children. Therefore, this is not merely a personal choice, but a matter of social responsibility.
As a doctor, a father, and as the Minister of Health, I fully trust the current measles vaccine. This vaccine is just a year younger than I am—I am 53, and Mongolia began using this vaccine in 1973 (52 years ago). Globally, this vaccine has been in use since 1968. According to WHO, without this vaccine, 98 million lives would have been lost across the world. This proves that the measles vaccine has saved lives and is a tremendous achievement for humanity. Currently, there are 905 immunization stations operating nationwide. In Chingeltei district, for example, if just 300 children get vaccinated, coverage will reach 100%. The overall vaccination coverage in the capital is slightly over 60%. Citizens in rural and local areas are actively participating as well. Please listen to the healthcare workers who come to vaccinate and open your doors. This is a crucial step for the safety of you and your family.
Deputy Prime Minister S. Amarsaikhan: The healthcare sector is organizing a special catch-up immunization drive under the slogan "From door to door," aiming to vaccinate children before preschools and schools resume. Over 900 immunization stations are operating nationwide to ensure access for everyone.
Let us not forget that in 2016, a major measles outbreak tragically claimed 137 lives. Measles is not a new disease; it is an infectious disease controlled globally for decades through vaccination. Mongolia has also administered the measles vaccine for many years. However, in recent years, misinformation and false perceptions have spread in society, reducing vaccination rates and increasing the risk of outbreaks. For example, since February of this year, cases of measles imported via Vietnam have driven the number of infections in Mongolia to over 10,000, with the risk of further increases high. To contain the spread and protect the public, the government has allocated 5 billion MNT for catch-up immunizations and is making full use of the healthcare system. This immunization campaign is not only for personal protection but also a crucial step to safeguard public health.
UNICEF representative Evariste Kouassi Komlan: At a national level, controlling the measles outbreak is a highly urgent and responsible task. The healthcare sector, government, and international organizations are working closely together and taking all necessary measures to safeguard public health. It is important to inform the public about the quality and safety of vaccines, which are the foundation of immunization. In Mongolia, the measles and other scheduled vaccines are purchased and supplied by UNICEF in compliance with international standards. UNICEF is a renowned organization serving over 190 countries with vaccine supply and services.
Purchase of these vaccines is conducted through the UNICEF Supply Division in Denmark, using only manufacturers approved by the World Health Organization and meeting high-quality standards. This ensures every vaccine goes through international control and certification before delivery. UNICEF not only purchases vaccines but also rigorously maintains the cold chain and storage conditions from production to the point of use. This includes every step from transportation and storage to final distribution, guaranteeing the vaccine’s efficacy, safety, and effectiveness. Thus, the measles vaccine used in Mongolia meets all international quality standards and is used in over 190 countries worldwide.
Head of the Immunization Department at the National Center for Communicable Diseases (NCCD), O. Dashpagma: Currently, the catch-up immunization campaign against measles is ongoing in Mongolia. This campaign covers children who did not receive their scheduled vaccinations at 9 months and 2 years, or who missed either of the two doses, protecting them against the disease. As part of the campaign, 95% of children have received the first dose, and 95.3% have received the second dose. We urgently need to vaccinate the remaining approximately 5% who are still unvaccinated.
Therefore, we urge all parents to have their children vaccinated during the campaign, which will run until July 9, 2025, to prevent infectious diseases. Catch-up immunization is the process of re-vaccinating children who missed their scheduled vaccinations due to various reasons, such as missing the 9-month or 2-year mark.
As of now, 36% of children under 15 who previously missed vaccination have participated in catch-up immunization.
Measles is a fully preventable disease. Although it spreads quickly, by receiving both vaccine doses, one can fully protect themselves and their children. Recently, a large volume of anti-vaccine misinformation has spread online, causing some parents to hesitate. These sources are unreliable and scientifically unfounded, so citizens must obtain information from reliable, official sources.
Member discussion