Jun 18, 2025 72 min read Daily News Summaries

Mongolia News Summary for June 18, 2025

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

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Politics

ANNOUNCEMENT: National committees to be dissolved, 11 new ministers to be appointed, 8 ministers to continue serving

Published: 2025-06-17 | Translated from: ikon.mn

Today, the meeting of the Executive Council of the Mongolian People's Party was held, and the issue of the structure and composition of the government was essentially clarified. According to information given by Ya. Sodbaatar, Secretary General of the MPP, it has been decided to dissolve three national committees. The National Committee for the 20-Minute City - R. Erdeneburen (DP)
The National Committee for Port Revival - B. Tulga (MPP)
The National Committee for Monitoring and Evaluation - E. Odbayar (DP)
Previously, these were headed by these individuals. Additionally, since the new government will continue the action program of the previous government, some ministers will remain in their positions. Specifically,
- S. Byambatsogt - Head of the Cabinet Secretariat of Government
- B. Battsetseg - Minister of Foreign Affairs
- N. Uchral - First Deputy Prime Minister
- B. Choijilsuren - Minister of Energy
- J. Enkhbayar - Minister of Food, Agriculture, and Light Industry
- B. Javkhlan - Minister of Finance
- B. Delgersaikhan - Minister of Road and Transport Development
are to be kept on after consultations with the President. Among the ministers who will continue, T. Dorjkhand, the leader of the Hun Party, is also included. Since G. Zandanshatar's government has begun cooperating with all parties except for the DP, T. Dorjkhand is to take up the post of Deputy Prime Minister. Meanwhile, the following will be newly appointed:
- T. Aubakir - Minister of Family, Labor, and Social Welfare
- E. Bat-Amgalan - Minister of Construction and Urban Development
- N. Nomtoibayar - Deputy Prime Minister
- J. Chinburen - Minister of Health
- Ch. Undram - Minister of Culture, Sports, and Tourism
- P. Ganzorig - Minister of Education
- B. Batbaatar - Minister of Environment and Climate Change
- E. Batshugar - Minister of Innovation and Digital Development
- G. Damdinyam - Minister of Industry and Mineral Resources
- D. Batlut - Minister of Defense
- L. Munkhbaatar - Minister of Justice and Internal Affairs
As a result, S. Amarsaikhan, L. Enkh-Amgalan, T. Munkhsaikhan, Ch. Nomin, and B. Tulga have “taken off their double coats” (left their positions). Note: Media organizations (Television, Radio, Social and Web pages) are prohibited from using our information in any form, in full or in part, and may only use it upon agreement by mentioning the original source (ikon.mn).

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URGENT: The structure and composition of the Government to remain unchanged

Published: 2025-06-17 | Translated from: unuudur.mn

The structure and composition of the Government will remain unchanged. Specifically, it has been decided to collaborate with all parties except the Democratic Party, which violated the agreement. M. Sodbaatar, Secretary General of the MPP, provided information on this matter. He stated, "The candidates being nominated to the government were discussed from various perspectives, and respecting the authority granted to the Prime Minister by the Constitution of Mongolia, the MPP Executive Council has given its support. When the Prime Minister introduced his proposal to the council, he mentioned several principles. He spoke in detail about the difficulties and challenges in the budget and socio-economic areas. In this context, he expressed his desire to work together with parties having seats in parliament, to maintain a unified policy, and to overcome challenging times together. Accordingly, based on the decision of the sixth session of the MPP Congress, the Prime Minister was instructed to form the structure and composition of the government in cooperation with parties except for the DP, which previously violated the agreement. The Prime Minister expressed his intention to keep the current government structure and composition unchanged. He also informed the Executive Council that, within the framework of submitting the revised 2025 budget, ministers who currently lead the national committees would be removed, and asked for support for this suggestion."

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URGENT: N.Uchral appointed as First Deputy Prime Minister, S.Byambatsogt as Cabinet Secretary, Ch.Undram as Minister of Culture, Sports, Tourism and Youth, and G.Damdinyam as Minister of Industry and Mineral Resources

Published: 2025-06-17 | Translated from: isee.mn

The Executive Committee of the Mongolian People's Party (MPP) just finished its meeting at the State Palace. Regarding this, MPP's Secretary-General Ya. Sodbaatar stated: "We have decided to form a government in cooperation with all parties holding seats in the Parliament, except for the Democratic Party. Some ministers from L.Oyun-Erdene’s previous cabinet will be appointed as ministers in the new cabinet. There will be no changes to the law concerning the structure and composition of the Government, and it will be submitted as is to Parliament. However, as part of submitting the 2025 budget amendment, it was decided to remove the ministers leading the National Committees." Specifically, Prime Minister G. Zandanshatar agreed that the National Coalition will have one seat, appointing N. Nomtoibayar as Deputy Prime Minister; the HUN Party will have two seats, keeping T. Dorjkhand as Deputy Prime Minister and adding P. Ganzorig as Minister of Education. The leader of the Citizens' Will Party, B. Batbaatar, will serve as Minister for Environment and Climate Change. As reported previously, the new government will have 16 ministries and 20 ministers (including the Prime Minister). Four ministers will be selected from the HUN, Citizens' Will, and National Coalition parties, and 40% of the remaining 16 ministerial positions will be filled with former ministers. The other 60% will be filled by newly elected young members. Specifically, the new ministers appointed in this 60% category are: - D. Batlut as Minister of Defense - E. Bat-Amgalan as Minister of Urban Development, Construction, and Housing - Ch. Undram as Minister of Culture, Sports, Tourism, and Youth - G. Damdinyam as Minister of Industry and Mineral Resources - T. Aubakiyr as Minister of Family, Labor, and Social Protection - L. Munkhbaatar as Minister of Justice and Internal Affairs - P. Ganzorig as Minister of Education - E. Batshugar as Minister of Digital Development, Innovation, and Communications - J. Chinburen as Minister of Health Among former ministers, the following will remain: - S. Byambatsogt as Cabinet Secretary - B. Battsetseg as Minister of Foreign Affairs - N. Uchral as First Deputy Prime Minister - B. Javkhlan as Minister of Finance - B. Choijilsuren as Minister of Energy - B. Delgersaikhan as Minister of Road and Transport Development - J. Enkhbayar as Minister of Food, Agriculture, and Light Industry.

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Initiative to Remove the Prime Minister's Seat from the Front of the Parliamentary Chamber

Published: 2025-06-17 | Translated from: unuudur.mn

Members of parliament who are part of the Democratic Party (DP) faction or are independents, such as Kh. Temuujin, Ch. Lodoysambuu, O. Tsogtgerel, and B. Jargalan, have jointly drafted a bill to remove the Prime Minister's seat from the front of the parliamentary session chamber. They have presented the bill to the Speaker of Parliament D. Amarbaysgalan and distributed it to all other MPs. Kh. Temuujin, a MP who initiated the bill, said, "This law is not only about a chair or a seat, but aims to define the boundaries of power distribution, to properly organize the positions and debates between the majority and minority—the very essence of parliamentary democracy—, to optimize parliamentary oversight, and in the bigger picture, to protect the order of the Constitution. By moving the Prime Minister's seat from over the heads of parliament members, we will turn the parliament into a proper arena for debate."

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Members of the Government Introduced to the President of Mongolia

Published: 2025-06-17 | Translated from: montsame.mn

Prime Minister G. Zandanshatar of Mongolia presented the nominees for members of the government to the President of Mongolia, U. Khurelsukh. The nominees are as follows: Nym-Osor Uchral for First Deputy Prime Minister and Minister of Economy and Development; Togmid Dorjhand for Deputy Prime Minister; Sainbuyan Amarsaikhan for Deputy Prime Minister; Sandag Byambatsogt for Chief of Cabinet Secretariat; Batmunkh Battsetseg for Minister of Foreign Affairs; Bold Javkhlan for Minister of Finance; Lkhagva Munkhbaatar for Minister of Justice and Internal Affairs; Gongor Damdinnayam for Minister of Industry and Mineral Resources; Dambyn Batlut for Minister of Defense; Batyn Batbaatar for Minister of Environment and Climate Change; Purevsuren Naranbayar for Minister of Education; Tileukhany Aubakir for Minister of Family, Labor, and Social Protection; Borkhuu Delgersaihan for Minister of Roads and Transport; Chinbat Undram for Minister of Culture, Sports, Tourism, and Youth; Enkhtaivan Bat-Amgalan for Minister of Urban Development, Construction, and Housing; Jadambyn Enkhbayar for Minister of Food, Agriculture, and Light Industry; Enkhbayar Batshugar for Minister of Digital Development, Innovation, and Communications; Battogtokh Choijilsuren for Minister of Energy; Jigjidsuren Chinburen for Minister of Health. According to Article 39, Section 4 of the Constitution of Mongolia, "The Prime Minister appoints, releases, or dismisses a member of the government after introducing them to the State Great Khural and the President. Members of the government are sworn in at the State Great Khural."

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Prime Minister G. Zandanshatar Appoints Members of the Cabinet of Mongolia

Published: 2025-06-17 | Translated from: isee.mn

According to Article 39, Section 4 of the Constitution of Mongolia, which states, "The Prime Minister shall appoint and release members of the Government after introducing the nominees to the State Great Khural and the President," the 34th Prime Minister of Mongolia, G. Zandanshatar, signed the decree appointing the new members of the Government after presenting his Cabinet nominees to the State Great Khural and the President. When appointing the members of the Government, Prime Minister G. Zandanshatar took into account the effective implementation and organizational capability for the country's long-term development policies and the government's action program, the ability to work under the principle of cabinet solidarity, accumulated experience, profession, ethics, and sense of responsibility of the candidates regarding their relevant fields and duties. Within the full powers of the Prime Minister of Mongolia and the internal organization of the Government, it was deemed fully possible to concurrently assign responsibilities for the following positions: Chairperson of the National Committee for Monitoring and Evaluation, Chairperson of the National Committee for Port Development, and Chairperson of the "20 Minute City" National Committee. 1. Member of the Government of Mongolia – First Deputy Prime Minister and Minister of Economy and Development: Nyam-Osor Uchral; 2. Member of the Government of Mongolia – Deputy Prime Minister: Sainbuyan Amarsaikhan; 3. Member of the Government of Mongolia – Deputy Prime Minister: Togmid Dorjkhanda; 4. Member of the Government of Mongolia – Minister of Mongolia and Chief Cabinet Secretary: Sandag Byambatsogt; 5. Member of the Government of Mongolia – Minister of Foreign Affairs: Batmunkh Battsetseg; 6. Member of the Government of Mongolia – Minister of Finance: Bold Javkhlan; 7. Member of the Government of Mongolia – Minister of Justice and Internal Affairs: Lkhagva Munkhbaatar; 8. Member of the Government of Mongolia – Minister of Industry and Mineral Resources: Gongor Damdinyam; 9. Member of the Government of Mongolia – Minister of Defense: Damba Batlut; 10. Member of the Government of Mongolia – Minister of Environment and Climate Change: Bat Batbaatar; 11. Member of the Government of Mongolia – Minister of Education: Purevsuren Naranbayar; 12. Member of the Government of Mongolia – Minister of Family, Labor, and Social Protection: Tileukhan Aubaakir; 13. Member of the Government of Mongolia – Minister of Road and Transport: Borkhuu Delgersaikhan; 14. Member of the Government of Mongolia – Minister of Culture, Sports, Tourism, and Youth: Chingbat Undram; 15. Member of the Government of Mongolia – Minister of Urban Development, Construction, and Housing: Enkhtaivan Bat-Amgalan; 16. Member of the Government of Mongolia – Minister of Food, Agriculture, and Light Industry: Jadamba Enkhbayar; 17. Member of the Government of Mongolia – Minister of Digital Development, Innovation, and Communications: Enkhbayar Batshugar; 18. Member of the Government of Mongolia – Minister of Energy: Battogtokh Choijilsuren; 19. Member of the Government of Mongolia – Minister of Health: Jigjidsuren Chinburen — have each been appointed. Prime Minister G. Zandanshatar delivered remarks to the newly appointed members of the Cabinet. He said: "In such a time, which combines achievements, lessons, challenges, and solutions, our era demands us to work smarter, better, and more efficiently. Therefore, I urge all Cabinet members to prioritize harmony and consensus, value understanding, and work together with unity of purpose and dedication for the country and the people as your highest aspiration. I trust that you will strictly adhere to the Constitution and other laws of Mongolia, serve the people by complying with national interests, work with loyalty and integrity in government, and demonstrate responsible leadership. As the head of the Government of Mongolia, I declare that I shall place the development of the Mongolian people at the center of our policies, implement the "One Policy – One Effort" motto in practice, and operate based on unity and trust. Also, as head of government, I remind you with responsibility to rigorously follow the cabinet principle, support the policy of the Prime Minister, resolve issues collectively, and maintain a unified position. Place the national interests above all else, be mindful that you are a member of one Cabinet, not representing the interests of a particular party, and unite in purpose and values. Let us collaborate for a powerful and prospering Mongolia."

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Ballots and Vote Counting Machines Delivered to Election Committees in 18 Provinces

Published: 2025-06-17 | Translated from: unuudur.mn

The by-elections for the provincial, capital city, district, and subdistrict Citizens' Representative Khurals will be held on the 22nd of this month, Sunday, from 07:00 to 20:00. This year, there will be one by-election each in the Citizens' Representative Khural of Bayankhongor and Darkhan-Uul provinces, as well as by-elections for 61 seats in the Citizens' Representative Khurals of 52 subdistricts in 18 provinces. Accordingly, the General Election Committee has, as of yesterday, finished delivering the ballots, vote counting machines, and their complete sets for the 2025 by-elections to the election committees of the 18 provinces. According to the by-election organizational schedule, the ballots must be delivered to the polling stations before June 19th. After this, the full set of automated election equipment to be used in the by-elections will be openly inspected and tested in the presence of political parties, observers, and the general public.

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The HUN Party's Representative Council supports cooperating with the government by 97% vote

Published: 2025-06-17 | Translated from: isee.mn

Prime Minister G. Zandanshatar sent a proposal to cooperate with all parties represented in parliament except the Democratic Party regarding working together in the government. In this connection, the HUN Party, National Coalition, and the Civil Will-Green Party were scheduled to meet to discuss participation in the government. Just recently, the HUN Party's Representative Council completed its meeting. During the meeting, 97 percent of the members present supported accepting the Prime Minister's proposal and considered it appropriate to cooperate with the government again.

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Published: 2025-06-17 | Translated from: isee.mn

Members of Parliament B.Tuvshin, Ch.Lodoisambuu, and O.Nominchimeg have submitted a draft law to amend the General Law on Social Insurance. This draft will be discussed at the Standing Committee this Wednesday and at the Parliament's session on Thursday. The draft law includes important changes, such as abolishing taxes on one-time work payments and bonuses, as well as ending the obligation of employers to pay social insurance contributions on behalf of their employees. EMPLOYERS CURRENTLY PAY 12.5-14.5% AND INSUREES PAY 11.5% SOCIAL INSURANCE PREMIUMS, ALONG WITH 10% PERSONAL INCOME TAX AND 10% VAT According to the social insurance law implemented since 2024, insurance premiums are levied on all contracts made with individuals for paid work. As a result, social insurance now carries a heavy burden on citizens, indistinguishable from taxes, leading to increased criticism from the public. For example, under the current law, employers are responsible for paying 12.5-14.5% of an employee’s social insurance, while the insured person pays 11.5%. Additionally, all income is taxed at 10%, along with a 10% VAT. This high tax and insurance burden causes hardship for citizens, who have been demanding a comprehensive reform of tax policy. However, social insurance is essential. Therefore, it is necessary to make at least some changes to ease this burden, increase citizen income, and improve the business environment. Since the adoption of the Social Insurance Law package in May 2008, all types of businesses, state and non-state organizations, NGOs, religious and other institutions, and all Mongolian citizens, foreign citizens, and stateless persons performing work under contract have been required to pay social insurance, with both parties sharing the burden. Before this amendment, only employees and employers under a labor contract had to mandatorily pay social insurance from salary and equivalent income. The new draft law by MPs B.Tuvshin, Ch.Lodoisambuu, and O.Nominchimeg seeks to change this arrangement. SOCIAL INSURANCE DEDUCTION FROM ALLOWANCES FOR FOOD, TRANSPORTATION, FUEL, COAL, ETC. WILL BE ABOLISHED The draft law proposes three key provisions to amend the General Law on Social Insurance. First: "To amend so that mandatory social insurance starts from the day a person is employed or a contract is concluded, as specified by law." Since January 2024, the General Law on Social Insurance has made it mandatory to insure individuals engaged through service contracts, wage contracts, and similar agreements. The proposed change aims to exclude people working under such service or wage contracts from mandatory social insurance, thus removing their income as part of the social insurance premium base. As a result, the burden on employers will be lessened, and income after taxes for those in temporary, part-time jobs will increase. Second: "Abolish social insurance deductions from meal, transportation, fuel, coal allowances, housing payments, and other similar income." Additional amendments to the 2008 Social Insurance Law had imposed social insurance on payments for transportation, meals, housing usage, fuel, coal, and similar allowances, which still remain in force. These allowances, provided by employers to support employees’ daily needs and reduce financial hardship, are not intended as income and taxing them has been considered inappropriate. The proposed amendment would exclude payments for meals, transportation, housing usage, and fuel or coal purchased by employees using employer-provided funds from the calculation of wages or other income subject to social insurance. This would allow employees to keep more of their income and benefits in full. IF EMPLOYERS PAY SALARIES ABOVE 7.9 MILLION MNT (10 TIMES MINIMUM WAGE), NO SOCIAL INSURANCE WILL BE REQUESTED FOR THE EXCESS Third: "Set the maximum wage for social insurance contributions by employers at ten times the minimum monthly wage in effect at the time." Currently, social insurance laws cap the monthly wage or equivalent income for contribution and pension calculation at ten times the minimum monthly wage for those mandatorily insured. This restriction is designed to prevent a few from paying high contributions in a short period and thereby drawing higher pensions than those who paid steadily over many years. The new amendment proposes to keep this cap the same for employers’ contributions, so for salaries above 7.9 million MNT (with the current minimum wage at 792,000 MNT), no additional social insurance contributions are required for the excess. This would lessen the load on employers and enable them to pay higher wages to employees. According to MPs who drafted the bill, these amendments to the General Law on Social Insurance would reduce the state budget by only a small amount — approximately 0.14% of revenue. While this is a minor reduction, it will, on the other hand, create a more favorable environment for many jobs and businesses. Discussions on this draft law are scheduled for the Standing Committee this Wednesday and for Parliament's plenary session on Thursday.

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B. Choijilsuren: We have overcome difficult conditions in the last 2-3 winters. We will continue in a similar way in 2025 and 2026.

Published: 2025-06-17 | Translated from: ikon.mn

With special permission from the MPA agency to use the photo On June 2 of this year, a fire broke out in the high-pressure turbine workshop of Thermal Power Plant #3 (TPC-3) JSC, tragically resulting in the loss of one life. In connection with this, Acting Minister of Energy B. Choijilsuren gave an update today about the winter preparation conditions and this accident. He said, “The 9th turbine of TPC-3 was operating in a combined mode, generating both heat and electricity. The heat boiler was not damaged. On March 19, 2025, a government resolution was issued transferring the right to own 66% of the state-owned energy companies’ shares to Erchis Mongol Company. We worked quite hard to prevent this decision from being issued, but unfortunately it was made. Up to June 10, Erchis Mongol Company executed management rights for state-owned companies. After the accident, on June 4, 2025, Erchim Mongol Company presented the details of the accident to the government. After much debate within the government, the Minister of Energy became responsible for exercising the management rights of state-owned energy companies. As the Minister who prepared the winterization for 2023 and 2024, I must say that this year’s preparation is indeed lagging. In previous years, by June 10, we would have finished 37-42% of the winter preparation, but now only about 20% is completed. On August 30, 2022, after I was appointed as Minister of Energy, journalists asked me and to answer briefly I used the word ‘will manage.’ We have overcome difficult conditions in the last 2-3 winters. We will continue in a similar way in 2025 and 2026. By June 30, 2027, the energy supply capacity will exceed demand. There is no sense in repairing TPC-3’s damaged turbine; it is better to replace it with a new one. A task force is working to clarify the cause of the accident. I will be informed in the near future. The energy sector has not yet fully transitioned to market relations.” Warning: Media organizations (TV, Radio, Social, and Web pages) are prohibited from using our information in whole or in part in any form without reaching an agreement. If used, the original source (ikon.mn) must be cited.

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Published: 2025-06-17 | Translated from: unuudur.mn

A draft law to amend and revise the General Law on Social Insurance, jointly developed and submitted to parliament by 41 members of parliament including B. Tuvshin and Ch. Lodoysambuu, is set to be discussed this Wednesday at the meeting of the Standing Committee on Social Policy. If the committee supports the proposed law, it will then be discussed at the plenary session of the parliament the next day. Alongside the package of new tax and social insurance laws, members of parliament have submitted two bills aiming to reduce the percentage and burden of social insurance contributions, and this is one of them. The main change outlined in the bill is to eliminate the double collection of contributions from both employers and employees. Currently, every person working under an employment contract pays an 11.5% monthly social insurance contribution. Additionally, enterprises pay a contribution of 12.5-14.5% on behalf of each employee. The new bill proposes to stop employers from paying this contribution on behalf of employees. Moreover, the bill includes regulations to abolish the deduction of contributions from wages earned through one-time contracts and from monetary benefits and incentives provided to employees by their employers in addition to salary.

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The HUN Party Joined the Government for the Sake of the Country

Published: 2025-06-17 | Translated from: news.mn

At the invitation of Prime Minister G. Zandanshatar, parliamentary group parties that have accepted the proposal to join the new government have been meeting to discuss the composition of the new cabinet and how they will proceed. Subsequently, the composition of the government has been introduced and discussed in the plenary session of the State Great Khural (parliament). In connection with this, we reached out to Member of Parliament P. Ganzorig, who has been nominated as the Minister of Education by the HUN party, to get his perspective. He stated: "Today, the representative council of the HUN party met and supported with a 97% vote to cooperate with the new government. By joining the coalition government in 2024, we ensured that our policies on education, energy, and other sectors are included in the four-year government program. The HUN party believes that it is necessary to continue pursuing these policies. Our party has many young, skilled, and educated people who can work in the coalition government. This time, however, I will support our youth and will not work in the coalition government myself. Our party supports MP T. Dorjkhand for Deputy Prime Minister and MP P. Naranbayar for Minister of Education. The HUN party will take responsibility for its sector with honor. The representative council of the HUN party has decided to collaborate with the government to address urgent national issues. Although we did not receive the Ministry of Energy, we will not sit idly by. We will focus on all sectors, not just the ministerial positions. For example, as an MP, I am currently working on about ten draft laws," he shared his views.

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Resolution on Nominating Government Members Presented

Published: 2025-06-17 | Translated from: montsame.mn

At an extraordinary meeting of the Mongolian People's Party (MPP) parliamentary group, the party's Executive Council resolution on nominating members to the Government of Mongolia was presented. The resolution was introduced by MPP’s General Secretary, Ya. Sodbaatar. The majority of the attending members agreed that it is appropriate to support the Executive Council's resolution on nominating government members. The resolution is now being presented to the Democratic Party parliamentary group, after which it will be introduced to the plenary session of the State Great Khural (Parliament).

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The Political Council of the IZN Party to Meet at 11:00 to Discuss the Prime Minister's Proposal to Join the Government

Published: 2025-06-17 | Translated from: isee.mn

Prime Minister G. Zandanshatar has extended an invitation to the IZN Party to join the composition of the Government. In response, the Political Council of the IZN Party has scheduled a meeting today (2025.06.17) at 11:00 to make a political decision. The Political Council of the IZN Party consists of 45 members. The Prime Minister, G. Zandanshatar, officially submitted a written proposal to IZN Party Chairman B. Batbaatar to negotiate cooperation in the government. The letter states: “Given the ongoing delicate situation in international relations and geopolitics, the negative economic impacts due to trade tariff disputes and the decline in the market for mining products, it is extremely important at this time to reduce negative effects, maintain consistency and continuity in government policy, and ensure national unity. Therefore, within the framework of the powers granted by Articles 3 and 4 of the Constitution of Mongolia and clauses 1 and 2 of Article 23, Section 1 of the Law on the Government of Mongolia, I am submitting this proposal to negotiate cooperation to join the Government.”

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Presenting the Issue of Appointing a Cabinet Member

Published: 2025-06-17 | Translated from: ikon.mn

The issue of appointing a member of the government is being presented At today's session of the regular Spring session of the State Great Khural (Parliament), the issue of appointing a government member is being discussed. Prime Minister G. Zandanshatar introduced to the State Great Khural the new government, which is composed of 16 members from the MPP, 2 from the Human Rights Party, 1 from the Trade Union, and 1 from the Civil Will-Green Party. LIVE VIEW: https://www.facebook.com/100064382633728/videos/1773564440183861 Notice: Media organizations (television, radio, social media, and websites) are prohibited from using our information in whole or in part in any form without permission, and must only use it with attribution to the source (ikon.mn) after negotiating with us.

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L. Munkhbaatar Appointed as Minister of Justice and Home Affairs

Published: 2025-06-17 | Translated from: news.mn

The Prime Minister of Mongolia presented the issue of "Appointment of Government Members" to the plenary session of the State Great Khural (Parliament), and Member of Parliament L. Munkhbaatar was appointed as the Minister of Justice and Home Affairs. In his speech following his appointment, L. Munkhbaatar stated that in order to solve the pressing issues facing Mongolia's legal sector, to ensure the legal guarantees of its citizens, and to improve the implementation of the laws, he will develop and implement the "Second Legal Reform Program" and will work openly, principled, and persistently at the policy level. Furthermore, he expressed his commitment to uphold and respect human rights and freedoms, to defend justice, to honorably fulfill the duties entrusted by the state and the people, and to work faithfully in accordance with his oath. MINISTER OF JUSTICE AND HOME AFFAIRS L. MUNKHBAATAR'S BIOGRAPHY
EDUCATION
1995-1999: Bachelor's degree in law from the School of Law, National University of Mongolia.
2008: Master's degree in law from Otgontenger University.
Since 2012: Ph.D. candidate in law at the Graduate School of the National University of Mongolia.
EXPERIENCE
1999-2000: Specialist at the Legal Reform Strategy Planning Department, Ministry of Justice.
2000-2006: Specialist and senior specialist at the Crime Prevention Council, Ministry of Justice and Home Affairs.
2006-2008: Director of the Monitoring, Analysis, and Evaluation Department, Ministry of Justice and Home Affairs.
2008-2009: Head and Chief Inspector of the National Center for Civil Registration, a government implementing agency.
2009-2011: Head and Chief Registrar of the National Registration Agency, a government implementing agency.
2012: Advisor to the Prime Minister of Mongolia.
2013: Advisor to the Chairman of the Mongolian People's Party.
2014-2016: Leader of the "Khuvsgul Development" Fund.
2016-2020: Member of Parliament.
2023-2024: Deputy Speaker of the State Great Khural (Parliament).
Since 2024: Member of Parliament, Head of the Mongolian People's Party caucus in Parliament.

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Economy

Integrated Implementation of Cross-border Transportation and E-commerce

Published: 2025-06-17 | Translated from: montsame.mn

Wuhan city in China’s Hubei province, with a population of over 20 million, is a major center for business, economics, and tourism in the country. The number of both domestic and foreign investors and travelers flocking to this central city increases every year. Based on this growing demand, the state-owned "Cross-border E-commerce Industrial Park" has been gradually implementing comprehensive development projects, including a cargo airport and supporting e-commerce facilities for the sale and distribution of goods. In other words, they receive goods from many countries around the world to supply to customers, and also utilize China’s "TikTok" e-commerce platform for online sales. They also provide trainings and information for businesses. A joint team of Mongolian and Chinese journalists visited the airport and observed e-commerce operations. The "Huahu" airport terminal, which was newly opened in the city’s district last year, has 17 air routes and currently is dedicated exclusively to cargo transport. The airport has the capacity to sort and prepare 280,000 items per hour for shipment. Domestically, the airport operates 58 routes, while internationally it is using 42 air routes. The cargo operations are mainly conducted at night, and from midnight to 2 AM Beijing time, more than 40 flights transport goods, with the potential to handle up to 90 cargo flights in a single night at maximum. The layout of the airport includes transport, customs, and control sections, as well as services for other businesses. According to the construction plans, further development is ongoing, aiming to handle 200 million items per day by 2050. Plans also include developing passenger transportation activities in the future. It is designed to integrate railway, water, and air transport hubs in one place. After the government established rules and regulations for cross-border e-commerce, training was provided to companies, factories, and businesses on how to sell products online. This has had a positive impact, and many enterprises have achieved success. Incidentally, China's "TikTok" platform remains the most popular electronic application.

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TODAY: The Results of Mongolia's Competitiveness for 2025 to be Announced

Published: 2025-06-17 | Translated from: montsame.mn

Ulaanbaatar, June 17, 2025 /MONTSAME/. Summary of today's events: 9:00 AM: The conference on "National Remote Sensing and Low Earth Orbit Satellites" will be held at the Central Building of the Mongolian Academy of Sciences. 11:00 AM: The Economic Policy and Competitiveness Research Center will present the annual World Competitiveness Report and the results of Mongolia's Competitiveness for 2025. 11:00 AM: A press conference to present Mongolia's social and economic indicators for May 2025 will be held at the National Statistical Committee building. 3:00 PM: A joint discussion on Tibetan Studies will be held at the Institute for International Studies of the Mongolian Academy of Sciences. Contact: 92006999 - Today is the World Day to Combat Desertification and Drought. - The Ulaanbaatar Biennale Art Festival continues until June 20. In the provinces: - The temporary exhibition "Nature Up Close" is being displayed at the Arkhangai Province Museum until July 28. Abroad: - The international exhibition "Genghis Khan" at the National Museum of the Czech Republic runs until June 22. Follow @montsame.mn

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Housing Prices Increase by 14.3 Percent

Published: 2025-06-17 | Translated from: isee.mn

According to information released by the National Statistics Committee regarding the housing price index for May 2025, housing prices have increased by 14.3 percent compared to the same period last year, and by 1 percent compared to the previous month. The price of new housing has increased by 13 percent from the same period last year and by 1 percent from the previous month, while the price of old housing has increased by 15.3 percent compared to last year and by 1.1 percent compared to the previous month. The average price per square meter of new housing is 4.55 million MNT, with the highest price in Sukhbaatar district reaching 5.49 million MNT. The price of new housing in Sukhbaatar district rose by 37.3 percent, or 1.49 million MNT, which is the highest increase. In Bayangol district, prices rose by 3 percent, or 124.9 thousand MNT, which is the lowest increase. Meanwhile, the average price per square meter of old housing is 4.57 million MNT, with Sukhbaatar district again reaching the highest price at 5.57 million MNT. The price of old housing in Chingeltei district increased by 22.7 percent, or 998 thousand MNT, which is the highest, while in Songinokhairkhan district prices increased by 11.4 percent, or 311.1 thousand MNT, which is the lowest.

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Mongolia's Foreign Trade Surplus Fell by 55% in the First Five Months of This Year Compared to Last Year, Reaching $884.5 Million

Published: 2025-06-17 | Translated from: ikon.mn

In the first five months of 2025, Mongolia traded with a total of 142 countries, and the total turnover of foreign trade reached $10 billion. Of this, exports were $5.4 billion and imports were $4.5 billion. Although the foreign trade balance showed a surplus of $884.5 million, when compared to the same period last year, this figure has decreased by 55%, or $1.1 billion. Total exports have decreased by 14.7%, or $932.9 million, compared to the same period last year, while imports have increased by 3.3%, or $144.9 million. Of the total exports in the first five months of 2025, 95.3% consisted of mining products, and 2.6% of agricultural products. The decrease in exports by $932.9 million was mainly influenced by a decline in coal exports by $1.6 billion, or 40.8%, in physical terms by 764.6 thousand tons, posting 31.8 million tons. Washed cashmere exports decreased by $61.9 million, crude oil by $31.1 million or 22%, and sheep and goat meat by $20.2 million. On the other hand, export of copper ore and concentrate increased by $701.8 million, or 61%, compared to the same period last year, reaching 852.1 thousand tons, an increase of 209 thousand tons in physical volume. Comparing the average border prices during the first five months of 2025 with the same period last year: gold prices increased by $732.4 per ounce; copper ore and concentrate prices increased by $361.1 per ton; while the price of iron ore and concentrate decreased by $9 per ton, and coal prices decreased by $47.2 per ton, according to the National Statistical Office. Note: It is prohibited for media organizations (television, radio, social media, and websites) to fully or partially use this information in any form, and it should only be used with source attribution (ikon.mn) upon agreement.

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Mongolia Ranked 65th in Competitiveness Index

Published: 2025-06-17 | Translated from: montsame.mn

Mongolia has been ranked 65th out of 69 countries included in the global competitiveness report. With a score of 40 out of a possible 100, Mongolia's position has dropped by 4 places and its score decreased by 5 points compared to the previous year. According to the Economic Policy and Competitiveness Research Center, this decline was mainly due to decreases in economic performance, governance, business environment, and infrastructure indicators. Researcher Ch. Ganbat from the Economic Policy and Competitiveness Research Center said, "This ranking is based on last year's statistical data and survey responses from business owners collected this year. Mongolia dropped by 13 places in economic performance, 7 in government efficiency, 3 in business profitability, and 2 in infrastructure. However, there was improvement in the long-term growth of the workforce and increased revenue from tourism, though both GDP per capita and quality of life declined." This year, Mongolia faces challenges such as being highly exposed to fluctuations in mineral and commodity prices, inflationary pressure resulting from domestic monetary policy expansion and global trade wars, a worsening business environment due to tax burdens and excessive government intervention, brain drain of educated and skilled young people, shortages of skilled professionals in the domestic market, and vulnerability to climate change. In this year’s global competitiveness report, Switzerland ranked first, followed by Singapore, Denmark, the United Arab Emirates, Ireland, and Sweden rounding out the top ten.

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As of Last Month, the State Budget Deficit Reached 259 Billion Tugriks

Published: 2025-06-17 | Translated from: isee.mn

The National Statistics Committee presented some social and economic indicators for last May. As of last May, inflation at the national level stood at 8.3%. Comparing the prices of goods and services in May with the same period last year, the price of goods increased by 5.5% and the price of services increased by 17.3%. Over the last year: - Food, beverages, and water increased by 5.6%, - Alcohol and tobacco by 3.9%, - Clothing, textiles, and footwear by 9.0%, - Housing, water, electricity, and fuel by 21.5%, - Education services by 18.2%, - Hotel and public catering services by 14.0%. These were the main contributors to the overall increase in goods and services prices. As of last month, the balance of payments had a deficit of $490.5 million. On the other hand, the total revenue and aid of the unified state budget for the first five months of this year amounted to 11.4 trillion tugriks, which is an 11.6% decrease compared to the same period last year. Total expenditures and net loans reached 11.0 trillion tugriks, marking a 9.2% increase, resulting in a budget deficit of 259.9 billion tugriks.

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Mongolia Ranks Fourth from Last in World Competitiveness Study

Published: 2025-06-17 | Translated from: ikon.mn

The annual World Competitiveness Report 2025 was presented today, with special permission from MPA Agency to use their photographs. The study surveyed 69 countries worldwide, with Mongolia ranked 65th. This year, countries such as Nigeria, Namibia, and Venezuela were ranked behind Mongolia. However, countries like Peru, Argentina, Brazil, and Ghana—which were previously ranked behind Mongolia—surpassed it in the 2025 report. Deputy Director of the Center for Economic Policy and Competitiveness Studies, I. Odontchimeg, provided the following information regarding the results of this study involving 69 countries and Mongolia's indicators. If we consider Namibia as a new entry to this year’s report, Mongolia stands at 65th place. Mongolia has participated in this global competitiveness study for ten years; the data shows a rise in Mongolia’s competitiveness score in 2016-2018. However, since 2018, the overall score has gradually declined each year. When compared to 14 countries in the Asia-Pacific region, Mongolia ranks the lowest at 14th place. Among 37 countries with a population under 20 million, Mongolia ranks 36th, ahead only of Namibia in terms of competitiveness. While there have been cases where Mongolia's score increased despite its ranking dropping, in 2025 no such positive trend was observed. Researcher Ch. Ganbat introduced information about Mongolia’s position at the bottom end of global competitiveness. In 2025, Mongolia ranked 65th out of 69 countries in competitiveness. The report, comprising over 300 indicators, used 170 statistical indicators from 2024 and included 92 survey responses from major business leaders in each country, conducted in the first quarter of 2025. The overall ranking was determined by integrating the 2024 statistical data and the 2025 business leader survey results. In 2025, Mongolia’s score decreased by -5.39 points from the previous year, dropping four places in the ranking. What were the factors behind this drop? - Economic performance - Government efficiency - Business efficiency - Infrastructure All four major areas saw declines in their scores, and Mongolia dropped in ranking in all categories. For example, in economic performance, Mongolia dropped from 42nd last year to 55th, a fall of 13 places. Government efficiency dropped seven places, business efficiency three places, and infrastructure two places. Of the four main categories, "Business Efficiency" saw the largest decrease, dropping by 3.76 points. Economic performance dropped by 1.5 points, government efficiency by 2.5 points, and infrastructure by one point. Each of the four main categories is divided into five subcategories, totaling 20 subcategories. Analyzing these subcategories: - In the "International Trade" subcategory of economic performance, Mongolia fell from 51st out of 67 last year to 68th out of 69 this year, a drop of 17 places. - In government efficiency, the biggest falls were in business law and social stability, each dropping by 10 places, contributing significantly to the overall decline. - In infrastructure, "Technological Infrastructure" fell by nine places, which was a major factor in Mongolia's declining competitiveness, according to researcher Ch. Ganbat. Warning: Media organizations (Television, Radio, Social and Web sites) are prohibited from using our content, in whole or in part, in any form without express permission. Use is permitted only if the source (ikon.mn) is mentioned.

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In the First Five Months of This Year, the State Budget Balance Recorded a 260 Billion MNT Deficit, and Mineral Royalty Revenue Decreased by 67%

Published: 2025-06-17 | Translated from: ikon.mn

The total income and assistance revenue of the consolidated national budget for the first five months of 2025 is reported to be 11.4 trillion MNT, which is down by 10.6% or 1.3 trillion MNT compared to the same period last year, according to the National Statistics Office (NSO). The balanced income and assistance revenue of the state budget amounted to 10.7 trillion MNT, decreasing by 11.3% or 1.4 trillion MNT compared to the same period last year. Total expenditures and net loans to be repaid reached 11 trillion MNT in the first five months of 2025, resulting in a balanced budget deficit of 259.9 billion MNT. Total tax revenue in the first five months of 2025 was 10 trillion MNT, which is 11.3% or 1.3 trillion MNT lower than the previous year. This decrease was mainly influenced by a reduction in income tax revenue by 14.1% (535.7 billion MNT) and a significant drop in Mineral Royalty Payment (MRP) by 67% or 1.2 trillion MNT. On the other hand, social insurance income rose by 20.2% (348.5 billion MNT), foreign operations revenue increased by 9.5% (62.8 billion MNT), excise tax income grew by 9.5% (41.6 billion MNT), and value-added tax income rose by 1.6% (35.1 billion MNT). In the first five months of 2025, the composition of total tax revenue was as follows: 32.6% from income tax, 22.8% from value-added tax, 20.7% from social insurance income, 7.2% from foreign operations, 4.8% from excise tax, and 11.9% came from other types of taxes, fees, and charges. Notice: Media outlets (Television, Radio, Social, and Web pages) are prohibited from fully or partially using this information in any form without consent. It may only be used by citing the source (ikon.mn) upon mutual agreement.

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Mongolia Drops Four Places in Global Competitiveness Ranking

Published: 2025-06-17 | Translated from: news.mn

The Economic Policy and Competitiveness Research Center introduced the annual World Competitiveness Report and the results for Mongolia's competitiveness in 2025. Mongolia ranked 65th out of 69 countries. The World Competitiveness Yearbook has been presented annually since 1989. In doing so, the competitiveness of 69 countries is compared across four main factors — Economic Performance, Government Efficiency, Business Efficiency, and Infrastructure — which are further broken down into 20 subcategories and a total of 335 criteria. Mongolia has participated in the competitiveness report since 2015. According to this year's results, Mongolia was ranked 65th out of 69 countries. Specifically, Mongolia scored 40.91 out of a possible 100 points. This is a decrease of 5.39 points compared to last year, resulting in a drop of four places in the ranking. The drop in Mongolia's ranking by four positions was influenced by declines in all scores for economic performance, government efficiency, business efficiency, and infrastructure. For example, last year Mongolia was ranked 42nd in economic performance, but this year it fell to 55th, dropping 13 places. Government efficiency dropped by seven places, business efficiency by three, and infrastructure by two from the previous year. In previous years' research, countries like Argentina, Brazil, Peru, and Ghana were ranked behind Mongolia, but in this year's report, they have moved ahead of Mongolia. This year, Switzerland ranked first in overall competitiveness. Its strong infrastructure and government efficiency contributed to its top position. Meanwhile, Singapore, Hong Kong, the UAE, and the Netherlands were ranked in the top 10.

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Average Monthly Salary is 2.6 Million Tugriks

Published: 2025-06-17 | Translated from: montsame.mn

In the first quarter of 2025, a total of 53.7 thousand enterprises and organizations (AANB) hired 811.6 thousand employees who paid social insurance premiums in Mongolia. Compared to the same period in 2024, the number of premium-paying organizations increased by 4.4 thousand and the number of insured workers by 58.2 thousand. Of all employees included in the report for the first quarter, 117.6 thousand are in the field of education, 113.6 thousand in wholesale and retail trade and vehicle repair, 81.8 thousand in public administration, defense, and mandatory social protection, 76.1 thousand in manufacturing, 49.6 thousand in mining and extraction, 49.1 thousand in healthcare and social welfare, 48.8 thousand in transport and storage, 48.3 thousand in construction, 32 thousand in finance and insurance, 27.5 thousand in management and support services, and 167 thousand in other sectors. Nationwide, the average monthly nominal salary per employee is 2,622,000 tugriks, the median salary is 2,245,000 tugriks, and the average base salary is 2,386,000 tugriks. By sector, the average monthly nominal salary is highest in mining and extraction at 4.9 million tugriks, which is 88.2% higher than the national average. Workers in the hotel, accommodation, and food service sectors earn the lowest average salary of 1.7 million tugriks, 35.5% lower than the national average. The median salary in the electricity, gas, steam, and air conditioning supply sector is calculated at 4 million tugriks, the highest among all sectors. When analyzing by salary group, the largest proportion of insured workers (27.1%) earn between 1.5–2.5 million tugriks, while those earning 3.0–3.5 million tugriks make up the smallest group, 8.9%. The nominal average monthly salary is directly related to the number of employees in an organization. That is, the greater the number of employees, the higher the average monthly salary tends to be. The monthly average nominal salary in the Khangai and Central regions and in Ulaanbaatar is 1.0–4.4% higher than the national average, while it is 7.1–16.6% lower than the national average in the Western and Eastern regions. By organizational type, the average nominal monthly salary for workers in state-owned enterprises is 3.5 million tugriks, in joint-stock companies 2.9 million, and in locally-owned state enterprises 2.7 million tugriks, which is 55.6–919.8 thousand tugriks higher than the national average. In other organizations, the nominal average monthly salary is 37.5–1,331.7 thousand tugriks below the national average. When analyzed by gender, the average monthly salary for men is 2.8 million and for women is 2.4 million tugriks. By organization type, women's average salaries in partnerships and cooperatives are 22.6–44.7% higher than men's, while in non-governmental organizations, the salaries of men and women are equal. In other organizational types, men's salaries are 5.6–23.9% higher than women's. By occupation, operators and assemblers of stationary equipment and machinery have the highest average monthly salary, at 3.1 million tugriks, 495.4 thousand above the national average. Conversely, skilled workers in agriculture, forestry, and fishing have the lowest average monthly salary at 1.5 million tugriks, which is 1.2 million tugriks below the national average.

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Golomt Bank and BNY Organize 'Golomt Bank & BNY Joint Compliance Workshop 2025'

Published: 2025-06-17 | Translated from: ikon.mn

Golomt Bank, in collaboration with the U.S.-based BNY Bank, successfully organized the "Golomt Bank & BNY Joint Compliance Workshop 2025" compliance event. This event was held for the second time at the initiative of Golomt Bank and brought together over 100 guests and representatives, including regulators and experts from Mongolia's banking and financial sector. T. Otgon, Chief Risk Officer of Golomt Bank, stated: "I would like to express my gratitude to the leaders of the Bank of Mongolia, representatives of regulatory organizations, and industry experts for participating in this Compliance event as we celebrate Golomt Bank's 30th anniversary. Strict adherence to international laws and regulations is a crucial factor for attracting investment, securing financing from international markets, and initiating multifaceted cooperation. I am confident that by participating in this event, you were able to share your opinions, knowledge, and experience regarding compliance operations, discuss pressing issues, and identify opportunities and solutions for collaboration." During the event, executives from the Bank of Mongolia and experts from BNY Bank presented and exchanged views on topics such as: - Investigative procedures related to international payments - The use of artificial intelligence in compliance practices - Exchange of information between the public and private sectors Through this collaboration with BNY Bank, Golomt Bank provides its clients with international fund transfers, payment settlements, and import-export financing services under high compliance standards, leveraging BNY Bank's extensive global network. World-class - Bank of Mongolia Notice
Media organizations (television, radio, social and web pages) are prohibited from using our information, in full or in part, in any form without permission, and may only use it by citing the source (ikon.mn) after obtaining agreement.

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BAYAN-ÖLGII: Mining Sector Discussion Organized

Published: 2025-06-17 | Translated from: montsame.mn

At the initiative of the Governor of Bayan-Ölgii province, E. Zangar, an open partnership meeting on mining and business in Bayan-Ölgii province was organized in Ulaanbaatar. Representatives from 38 enterprises out of 48 companies—who collectively hold 92 mining and exploration special licenses in Bayan-Ölgii—participated, totaling more than 65 individuals. The meeting was opened by the provincial governor E. Zangar, who provided brief information about five mega projects aimed at accelerating the development of Bayan-Ölgii province. He highlighted, “The main reason for organizing this meeting is to connect companies with mining and exploration licenses in the province to domestic and foreign investors, and to bring mineral deposits into economic circulation.” At the meeting, A. Aitugan, a specialist from the provincial governor's office responsible for development policy, planning, investment, mining, industry, trade, and services, gave a detailed report on "Local Development and the Current State of the Mining Sector." Members of Parliament B. Beysen and S. Zamira, elected from Bayan-Ölgii province, and T. Zunnast, head of the Mining Department of the Mineral Resources and Petroleum Authority, participated by invitation and provided information. Additionally, the meeting aimed to consolidate the opinions and proposals of participating enterprises and discuss pressing issues in the sector and possible solutions. This event is aimed at increasing transparency and accountability in the mining sector and contributing to local development.

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Should a No-Deficit Budget Transition to Austerity?

Published: 2025-06-17 | Translated from: unuudur.mn

Prime Minister G. Zandanshatar declared during the plenary session of the Mongolian Parliament, “We will urgently revise the 2025 budget for austerity,” and “Reduce the number of state-owned enterprises and accelerate privatization,” announcing the basic principle of belt-tightening. As the plan is marked as “urgent,” it appears that the Ministry of Finance has begun working on amendments to the Budget Law. However, depending on the final changes in the structure and composition of the government, there is a possibility that this draft will be altered. Although the difficulties caused by external circumstances over the past period have indeed necessitated a budget revision, the conditions specified in Article 34.4.1 of the Budget Law were not met; in short, the legal criteria for revising the budget were not fulfilled. The threshold of three percent of nominal GDP, amounting to three trillion MNT, has not been reached. The proposed cut in the revision is 2.3 trillion. On the other hand, since the duration of the Austerity Law ends on May 31, 2025, some opined that there was no need for revision as the law's implementation was already concluding. Changing the government’s structure and composition, however, now provides a legal basis for revision under Article 34 of the Budget Law. By law, even an added punctuation mark to a ministry's name necessitates an amendment to the budget law. Therefore, due to changes in the government’s structure and composition, a revision to the 2025 budget law is inevitable. Following this, an "austerity revision" will be introduced. HOW TO DOWNSIZE WITHOUT REDUCING THE NUMBER OF MINISTRIES Additionally, Prime Minister G. Zandanshatar announced, “The government will refrain from performing tasks that the private sector can carry out. Some public services will be provided by private sectors and professional associations, thereby increasing private sector participation in the economy.” Accordingly, the structure and staff of the civil service will be renewed. Even this renewal alone is expected to reduce wasteful budgetary spending by nine percent. It will also lay the groundwork for streamlining the numerous laws that keep increasing budget expenditures across various sectors. This will be done while protecting the country's credit rating. As for changes in the government’s structure and composition, there is consensus that with a 126-member parliament, it is not possible to reduce the number of ministries. Currently, the plan is to reduce three national committees and to merge or privatize several state-owned companies. HOW TO SAVE THE 2.3 TRILLION DEFICIT As a no-deficit budget has been approved, income must be increased and expenditures reduced by 2.3 trillion to maintain the balance. However, some projects already initiated and progressing briskly, such as the Erdeneburen Hydro Plant and the oil refinery, are funded by foreign loans and aid—cuts to these are not possible. Therefore, no cuts will be made to projects financed by foreign loans and aid. Budget investments that have not signed contracts before May 31 will be considered savings, according to the Austerity Law. Ongoing investible expenses under existing contracts will not be cut. Thus, roughly two trillion out of the 2.3 trillion MNT will need to be cut from operational expenses. In summary, Prime Minister Zandanshatar emphasized that the restructuring and cost-cuts will be implemented in a way that increases productivity, not simply by mechanical reductions. In declaring the new budget policy, the focus will be on “saving” rather than just “cutting.” Since the implementation of the public sector austerity law, 16 parliamentary resolutions and 7-8 government decrees, totaling over 150 provisions, have aimed at saving government expenditure over the past 12 years. There is research indicating that, since the laws governing budget spending include 1,028 provisions out of a total of 208 laws, many state functions have been assumed for political purposes. Yet, why has it not been possible to achieve actual savings? According to the new prime minister, savings should not decrease productivity, nor should the budget inflate further. If the civil service keeps growing, so do their foreign and domestic travels, salaries, and all related costs. Therefore, the number of civil servants (excluding teachers and doctors) will be reduced by nine percent—about 14,000 positions—yielding a savings of about 280 billion MNT. Three principles underpin these actions: First, coalition parties will not be allowed to install their own people in vacated roles; second, the quality of public services must not deteriorate as a result; and third, those leaving must be able to secure new jobs, with the involvement of the private sector to avoid negative economic effects. It is planned to save around 480 billion MNT by reducing costs for books, periodicals, maintenance, tools, and equipment in budget organizations. The expenses of ongoing programs and activities from next month through December will be reduced, and expenditures for new programs and actions completely saved, amounting to 821 billion MNT. National programs' costs will be cut by 50 percent during this period, yielding 51 billion. The Deficit-Free Budget to Savings Project, implemented through city bonds, will be reduced by ten percent, yielding 150 billion, for a total reduction of around two trillion MNT in operational costs. Mongolia's GDP is 95 trillion MNT, with balanced revenue at 33.4 trillion, meaning the government spends about one-third of all revenue. This ratio is crucial: the government’s regulatory role should be minimized to allow greater private sector participation. Most of the 33.4 trillion MNT is recurrent expenditure, including salaries and costs for inflated structures like cultural centers that are frequently criticized. There should be less of this, more investment spending, and greater support for the private sector by purchasing goods and services and investing in construction and convertible assets. During the parliamentary session, the new prime minister also stressed the importance of protecting foreign currency reserves and the national currency. The government should curtail its own expenses, and the central bank should review its monetary policy, coordinating with fiscal policy. The Economic Development Ministry is expected to present information related to key indicators such as inflation and economic growth. The possibility of raising taxes is still under study, which has caused some public concern. In any case, the current nominal GDP of 95 trillion MNT is expected to drop by 2.3 trillion, inflation will decrease, and economic growth will be adjusted from eight to six percent. Regarding coal prices, at the beginning of the year, prices reached 900 yuan, dropping to 825 yuan by mid-May and, after a sharp decrease of 120 yuan since the end of May, now stand at 705 yuan—38 percent lower than last year. The main reason is market surplus and increased reserves, and China’s coking coal imports are expected to reach 105 million tons this year, 16 million tons (or 13 percent) less than the previous year. For other minerals, in the first five months of the year, revenue from the mining royalty reached one billion MNT, a 55 percent decrease from last year. While exports of copper, iron ore, and concentrates increased, positively influencing royalties, the average price of coal in May dropped to $71.9 per ton, a 39 percent decrease which negatively impacted royalties. The previous government had policies for the gold sector. As per calculations from the Economic Development Ministry in April, the amount of gold submitted for purchase has recently decreased, possibly due to anticipation for the "Gold-3" program. The approved export plan for the year aims for 18 tons of gold at $1,850 per ounce, expecting total revenue of 342 billion MNT. With the revision, the export is adjusted to 17 tons at $2,900 per ounce, forecasted to bring in 507 billion MNT. There are expectations that the program will be intensified and volumes of extraction and export will be increased as the budget revision progresses.

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Housing Prices Increase by 14.3%

Published: 2025-06-17 | Translated from: unuudur.mn

The housing price index reached 1.29 last month, rising 14.3% compared to the same period in 2024 and 1% higher than the previous month, according to the National Statistics Committee. Specifically, the price of new apartments increased by 13% compared to a year earlier, with the average price per square meter reaching 4,548,000 tugriks, while the price of old apartments increased by 15.3%, reaching 4,565,000 tugriks. Old apartments are most expensive in Sukhbaatar district, where the price per square meter is 5.57 million tugriks, and cheapest in Songinokhairkhan, at 3.06 million tugriks. As for new apartments, the lowest price is also in Songinokhairkhan at 3.27 million tugriks per square meter, while the most expensive is in Sukhbaatar district at 5.49 million tugriks.

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Inflation in May 2025 reached 8.3 percent nationwide

Published: 2025-06-17 | Translated from: ikon.mn

Today, the National Statistics Office (NSO) presented the social and economic indicators for the first five months of 2025. The consumer goods and services prices increased by 8.3 percent in May 2025 compared to the same period last year. By group, goods prices increased by 5.5 percent over the year, while service prices rose by 17.3 percent. The main contributors to the 8.3 percent increase in inflation, or consumer goods and services prices, over the past year were: - Food, beverages, and water group prices increased by 5.6 percent, within which non-alcoholic beverages sub-group prices rose by 10.5 percent, - Clothing, textiles, and footwear group prices increased by 9.0 percent, - Housing, water, electricity, gas, and other fuels group prices rose by 21.5 percent, - Household furniture and goods group prices increased by 6.7 percent, - Hotels, catering, and accommodation services prices increased by 14.0 percent, - Education service group prices increased overall by 18.2 percent. Warning: Media outlets (television, radio, social and web pages) are prohibited from using our information in whole or in part in any form, and are reminded that use is only permitted with prior agreement and by citing the source (ikon.mn).

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"Setting the interest rate on demand deposits to zero makes it possible to lower lending rates"

Published: 2025-06-17 | Translated from: news.mn

At today's meeting of the Economic Standing Committee of the State Great Khural, updates and results related to the implementation of Parliamentary Resolution No. 21 of 2020, which approved the strategy for reducing loan interest rates, were reviewed, and the working group's report was presented. The working group is responsible for drawing up feedback and conclusions. The group leader, member of parliament L. Soronzonbold, stated: "The evaluation of the interest rate reduction strategy report received by the working group was submitted to the Parliamentary Research Institute. The research is expected to be completed by next autumn. The working group members recommended that the National Audit Office also carry out a performance audit on the strategy report. Over the past 10 years, the Parliament has approved strategies to reduce interest rates but the implementation has not been sufficient. Therefore, taking these circumstances into account, we recommend postponing this work until the autumn session. The working group has held five meetings so far and has discussed the opinions of scholars about setting a ceiling on interest rates. In short, although the scope of the strategy was set correctly, external and internal factors prevented interest rates from dropping. The legal environment is also important." "When studying the structure of interest rates, 60% is the cost of funds, 13% is risk cost, 14% is operating cost, 5% is profit margin, and 8% is related to regulations. If we make certain legal changes and if the government, the Bank of Mongolia, and the Financial Regulatory Commission can organize specific measures, then unless there are sudden drastic external or internal changes in the next four years, we believe it is possible to reduce loan interest rates," he added. Members of Parliament then asked questions. MP M. Mandkhai asked: "With high inflation, high exchange rates, increasing budget deficits, and decreasing overall income, is it possible to reduce loan interest rates? With high poverty and unemployment, how much are non-performing loans increasing? Is it necessary to reduce the policy rate of the central bank to lower lending rates? Commercial banks are lending to non-bank financial institutions. In this case, is it possible to lower interest rates?" Working group leader MP L. Soronzonbold responded: "Compared to 2020, our GDP has doubled. Accordingly, our budget and operating expenditures have increased, and investment expenditures have grown by 2.6 times. All this has affected inflation and exchange rates. As a result, the Bank of Mongolia was forced to increase its policy rate. Apart from the macro environment, external conditions also matter. The Covid-19 pandemic disrupted global supply chains—products were delayed. Then came the war between Russia and Ukraine. Also, Trump's tariff war influenced the external environment. Mongolia is overly dependent on the mining sector, so when mining product prices fall, our economy falls as well. We must fix this by restructuring the economy. We need to focus on what export products we have: maybe cashmere, meat, and some alcoholic products. No other well-developed products. Therefore, macroeconomic policies must focus on increasing exports and developing the non-mining sector." "There has been no opportunity to reduce the policy rate in the past, and even now, the possibility to lower loan interest rates is limited. The share of non-performing personal loans in commercial banks is 2-3 times lower than business non-performing loans. Commercial banks and non-bank financial institutions are focusing more on consumer loans. Because of this, less credit is available for businesses, and due to higher risks, loan interest rates are high. There is still much to be done to ensure the Bank of Mongolia's credit information database provides real-time accurate data. Frankly, there's an issue with people taking loans from multiple non-bank institutions via online applications, leading to debt stress. The Bank of Mongolia and the Financial Regulatory Commission are introducing loan-to-income ratios to prevent excessive debt stress among citizens. However, currently, there is little room to lower the policy rate." "About 40% of our citizens' deposits are in demand or non-term deposit accounts, with annual interest rates between 3-7%. If we legally stop paying interest on demand and non-term deposits, the cost of 40% of funding becomes zero, reducing the cost of funds. This, in turn, could make business loan rates lower. Therefore, the working group is planning to submit a package of draft laws to the Parliament to lower the cost of funding for loans. We are also demanding the government to submit bills to reduce loan risk costs. Conversely, we will ban lending through non-bank financial institutions." MP M. Mandkhai: "So you mean to lower the 3-7% interest on current and non-term deposits? People deposit their money in non-term accounts because their income is unstable and they may need to withdraw money quickly. Can this be restricted?" Working group leader MP L. Soronzonbold: "Non-term deposits are placed to avoid risk, for short-term purposes. At yesterday’s meeting with the International Monetary Fund, we were told 'pay attention to dollarization'. About 50% of timed term deposits of our citizens are short-term, i.e., one-year money held in banks. Commercial banks even have one-month and two-month deposit products. Someone who was keeping money in a non-term deposit at 6-7% interest can instead put it in a one-month deposit and access it after a month. There’s also an option to invest money in the stock market for short-term returns."

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RANKING: "The productivity of the Mongolian workforce is ranked 68th out of citizens from 69 countries"

Published: 2025-06-17 | Translated from: ikon.mn

To present the results of the World Competitiveness Yearbook 2025 and Mongolia’s competitiveness ranking for 2025, the Economic Policy and Competitiveness Research Center held a press conference today. Mongolia is ranked 65th in competitiveness out of 69 countries for 2025. This report includes more than 300 indicators. Researcher Ch. Ganbat presented the rankings for each indicator as follows: "There are results comparing Mongolia's business and infrastructure advantages and disadvantages with 69 countries. In terms of economic growth in 2025, we are ranked 7th out of 69 countries. However, for long-term unemployment, Mongolia ranks 1st. A key economic weakness is the high concentration of exports, which is ranked last, in 69th place. In terms of governance efficiency, the ratio of the state budget's surplus and deficit to GDP ranks 9th. Regarding weaknesses, a survey question on whether state-owned enterprises pose threats to business operations based on scores from Mongolian businesses found Mongolia ranked 69th out of 69. For business profitability, Mongolia ranks 4th in categories such as women in management positions and access to financial services. However, workforce productivity is ranked 68th out of 69 countries. In communications, investment as a percentage of GDP is ranked 5th, while the proportion of women aged 24-65 with higher education is ranked 26th. On the other hand, public-private partnerships rank last among the 69 countries. Quality of life is ranked 68th out of 69." It was also reported that five risks could confront Mongolia in 2025. Mongolia is overly dependent on mining. There is also a risk of being highly vulnerable to fluctuations in raw material prices. Domestic inflation risks remain high due to expansionary monetary policy and trade wars worldwide. The business environment could deteriorate due to tax burdens and excessive government intervention. Highly educated and skilled youth seeking work abroad could create a domestic shortage of qualified professionals. Furthermore, the country is highly susceptible to climate change. Warning: Media organizations (TV, radio, social, and websites) are prohibited from fully or partially using our information in any form, unless agreed upon in advance and the source (ikon.mn) is properly cited!

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Diplomacy

Ministry of Foreign Affairs: Important Notice for Citizens Wishing to Return Home

Published: 2025-06-17 | Translated from: news.mn

The Ministry of Foreign Affairs has issued a warning not to travel to Israel or Iran due to the possibility of the situation between these two countries escalating. Furthermore, if there are Mongolian citizens currently residing in Israel or Iran who wish to return home due to the current situation, please contact the Ministry of Foreign Affairs via the emergency number +976-83042222 or email at consul@mfa.gov.mn; or contact the Embassy of Mongolia in the Republic of Turkey via the emergency number +90-5340128408 or email at ankara@mfa.gov.mn. For Mongolian citizens located in other Middle Eastern countries who require consular assistance, information, or advice, you may contact the following: - The Embassy in Cairo via emergency number +201103168566 or email at cairo@mfa.gov.mn; - The Embassy in Kuwait via emergency number +96599097419 or email at kuwait@mfa.gov.mn; - The Embassy in Abu Dhabi via emergency number +971562778069 or email at abudhabi@mfa.gov.mn. You can read the latest information related to the situation between the two countries HERE.

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The Meeting of the Executive Board of the International Association of Police Training Institutions to be Held in Mongolia for the First Time

Published: 2025-06-17 | Translated from: isee.mn

The 27th meeting of the International Association of Police Training Institutions (INTERPA) will be held in Mongolia on June 20, 2025. This association was founded on March 2, 2011, on the initiative of the National Police Academy of the Republic of Turkey, in Istanbul, with the purpose of improving the quality of international police training, cooperating in scientific research and education, exchanging experiences, implementing professor and teacher exchange programs, and organizing activities to enhance the capacity of instructors. The International Association of Police Training Institutions currently operates successfully with more than 80 police training institutions, universities, and colleges from 63 countries as its members. Mongolia's University of Internal Affairs became a member of this association in 2011 and has served as a member of the Executive Board since 2022. At this meeting, more than 20 representatives from countries such as the Republic of Turkey, the Kingdom of Saudi Arabia, Qatar, the Republic of Maldives, the Republic of Indonesia, the Republic of Belarus, and the Republic of Uzbekistan will participate in person, while representatives from the Police Academies of the Republic of India and the Republic of North Macedonia will participate online. At the 27th Executive Board meeting, the agenda includes the election of the President, Vice President, and Executive Board members of INTERPA; discussing the 14th regular General Council meeting scheduled for 2025; selecting the host country and police training institution for the 28th Executive Board meeting to be held in 2026 as well as fixing the date; sharing information about international police capacity building training organized by member institutions in 2025; and deliberating on the bilateral professor and instructor exchange programs.

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Prime Ministers of Foreign Countries Congratulate and Send Messages to Mongolian Prime Minister G. Zandanshatar

Published: 2025-06-17 | Translated from: montsame.mn

Prime Ministers of foreign countries congratulate and send greetings to Prime Minister G. Zandanshatar Foreign Heads of Government are sending congratulations and well-wishes to Prime Minister G. Zandanshatar on his appointment as the 34th Prime Minister of Mongolia. In a letter, Japanese Prime Minister Shigeru Ishiba wrote: "Your Excellency, please accept my heartfelt congratulations on your appointment as Prime Minister of Mongolia. Mongolia is an irreplaceable regional partner for Japan, one which cherishes common values such as freedom, democracy, and the rule of law. Especially in recent years, I am pleased that the relationship between our two countries has expanded and developed in all areas under the 'Special Strategic Partnership for Peace and Prosperity.' Moving forward, I hope to further strengthen our bilateral ties based on the Action Plan (2022-2031) of the two countries and to foster tangible cooperation for the stability and prosperity of the region, working hand in hand with Your Excellency. Furthermore, there are plans for a historic visit of Their Majesties the Emperor and Empress of Japan to Mongolia at the beginning of July this year. I hope that this historic visit will further develop the friendly relations between our two countries." Pham Minh Chinh, Prime Minister of the Socialist Republic of Vietnam, sent a congratulatory letter to Prime Minister G. Zandanshatar: "On behalf of the Government of the Socialist Republic of Vietnam and in my own name, I warmly congratulate you on your appointment as Prime Minister of Mongolia. We are truly delighted that the traditional friendly relations between Vietnam and Mongolia have continuously expanded in many areas over the last 70 years. This was recently demonstrated when Vietnam’s President and General Secretary of the Communist Party, To Lam, paid a state visit to Mongolia in September 2024 on the 70th anniversary of diplomatic relations between our two countries, formalizing comprehensive partnership relations between Vietnam and Mongolia. Both the Vietnamese Government and I personally are ready to work closely with the Government of Mongolia and with you to further enrich and strengthen this comprehensive partnership in line with the aspirations and interests of both our peoples, contributing to peace, stability, and cooperative development in the region and the world." Olzhas Bektenov, Prime Minister of the Republic of Kazakhstan, wrote in his letter to Prime Minister G. Zandanshatar: "I sincerely congratulate you on your appointment as Prime Minister of Mongolia. I am confident that your extensive experience in state governance and your far-sighted leadership abilities will make a significant contribution to the stable development of your country and raising its reputation on the international stage. Kazakhstan reaffirms its commitment to working with you to expand and strengthen the strategic partnership relations, built on friendship and mutual trust, between Kazakhstan and Mongolia." The Prime Minister of Russia, Mikhail Mishustin, sent a congratulatory message to G. Zandanshatar on his appointment as the 34th Prime Minister of Mongolia: "On behalf of the Government of the Russian Federation and in my own name, I congratulate you on your appointment as Prime Minister of Mongolia. I hope that during your tenure as Head of Government, you will contribute to further developing the friendly neighborly relations between Russia and Mongolia. I am confident that active collaboration at the government level will provide new impetus to expanding cooperation in trade, the economy, science, technology, culture, and the humanities. This fully corresponds to the strategic partnership interests of Russia and Mongolia. Dear Mr. G. Zandanshatar, I sincerely wish you good health, well-being, and great success in your responsible position." Pak Tae Song, Prime Minister of the Cabinet of Ministers of the Democratic People’s Republic of Korea, wrote: "To His Excellency G. Zandanshatar, Prime Minister of Mongolia, I congratulate you on your appointment as Prime Minister of Mongolia. I am confident that the traditional friendly relationship and cooperation between our two countries will continue to develop in accordance with the mutual interests of both sides. At the same time, I wish you every success in your responsible endeavors to develop your country’s economy and improve the well-being of your people."

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Infrastructure

The Tender for CHP-5 Thermal Power Plant to be Opened in July

Published: 2025-06-17 | Translated from: montsame.mn

Ulaanbaatar – The Governor of the Capital City and Mayor of Ulaanbaatar, Kh. Nyambaatar, responded to journalists' questions about major projects to be implemented in Ulaanbaatar through public-private partnerships. He stated, “The city's mega projects are mainly implemented through public-private partnerships. Among them, there are three projects where the issues of financing and guarantees are being resolved. The feasibility study and detailed environmental impact assessment for the ring road have been completed, as have those for the metro and tram. For these three projects, we are conducting meetings both domestically and internationally to resolve financing in a blended manner. The city is solely responsible for the Tuul highway project. Fifteen percent of the ring road project's financing will be covered by the city, while the remaining 85% will require a government guarantee to obtain a loan from Exim Bank for over 10 years. In the long run, it is possible to repay this through the Road Fund. It is estimated that the construction of the Tuul highway and ring road will reduce traffic congestion by more than 50%. Thanks to bond investments raised domestically by the city, the installed power capacity for the winter of 2024-2025 will increase to 350 MW. When the second unit of the Booroljuut power plant is put into operation in December 2025, there will be no issues with electricity this winter. Also, in July, the tender for the CHP-5 thermal power plant will be opened. The CHP-5 is an essential project to ensure heating and electricity supply sources through public-private partnership. Currently, four companies have submitted their documents for the tender,” he said.

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Millennium Challenge Account Mongolia: Invitation for Selection of Individual Consultant

Published: 2025-06-17 | Translated from: ikon.mn

MILLENNIUM CHALLENGE ACCOUNT MONGOLIA
INVITATION FOR SELECTION OF INDIVIDUAL CONSULTANT
Individual Consultant Service for Quality Control of Technical Assistance to the Regulatory Commission for Urban Water Supply and Sewerage Services
Contract Number: MCA-M/ICS/043
Ulaanbaatar, Mongolia
The Government of Mongolia (the “Government”) and the U.S. Millennium Challenge Corporation (“MCC”) signed a Millennium Challenge Compact Agreement for a grant of US $350 million to reduce poverty by supporting economic growth on July 27, 2018. Through the Millennium Challenge Account Mongolia (“MCA-Mongolia”), the Government will allocate a portion of these Compact funds for this individual consulting service contract. In disbursing such financing linked to this contract, MCA-Mongolia will adhere fully to the Compact Agreement as well as any restrictions or requirements on the use of Compact funding stipulated in the Compact and associated documents. No entity except the Government and MCA-Mongolia may exercise any rights granted under the Compact or claim any of its funds. The Compact and its related documents can be found on the MCC website (www.mcc.gov) and the MCA-Mongolia website (https://mca-mongolia.gov.mn/). The Compact’s investment funds are being used to support the Bulk Water Supply Expansion Program serving the growing water needs of Ulaanbaatar through three interrelated projects and activities. These are:
- Downstream groundwater source development: constructing new groundwater sources and related infrastructure, reservoirs, and an advanced water purification plant;
- Wastewater recycling: constructing a new treatment plant to recycle wastewater from the Central Wastewater Treatment Plant, including related infrastructure;
- Ensuring water sector sustainability: supporting policy, legal, and regulatory reforms, and strengthening institutional capacity for the long-term sustainability of Ulaanbaatar’s water supply sector. MCA-Mongolia now invites qualified individuals with relevant expertise and professional experience to submit proposals for individual consulting services to support the quality assurance of technical assistance to the Regulatory Commission for Urban Water Supply and Sewerage Services. Detailed terms of reference, qualification requirements, and documents to be submitted with proposals are outlined in the Individual Consultant Request for Application (RFA) document. Proposals from organizations, companies, or entities will not be accepted. The consultant selection will be conducted according to MCC’s Procurement Policies and Guidelines for Individual Consultants (https://www.mcc.gov). Interested consultants wishing to participate must send an email titled “Request for QA for WSRC TA–ICS” clearly stating their full name and contact information to PA-Mongolia@charleskendall.com and copy procurement@mca-mongolia.gov.mn. This will enable receipt of a link to download the Request for Application document. All questions or clarifications related to this tender must be sent in writing to PA-Mongolia@charleskendall.com, copy to procurement@mca-mongolia.gov.mn, no later than 5:00 pm Ulaanbaatar time on June 24, 2025. Answers to all submitted questions will be provided to registered interested consultants no later than 5:00 pm Ulaanbaatar time on June 26, 2025. Consultants must submit their proposal with resume and skills information via the electronic submission link specified in the RFA document no later than 5:00 pm Ulaanbaatar time on July 1, 2025. Only electronic submissions will be accepted; proposals sent by email or in printed form will not be considered. Late submissions will be rejected. MILLENNIUM CHALLENGE ACCOUNT-MONGOLIA Notice: Media organizations (television, radio, social, and web media) are strictly prohibited from using our information in part or in whole in any form unless agreed upon in advance, and must cite the source (ikon.mn) if permitted to use.

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Unjustified Fees in the Energy Sector Annulled

Published: 2025-06-17 | Translated from: isee.mn

The Anti-Corruption Agency has reviewed the implementation of recommendations sent to the Ministry of Energy. As part of its preventive functions against corruption, the agency examined orders and decisions related to licenses issued in the energy sector, as well as technical conditions for heating and electricity, and held meetings with responsible officials to analyze the situation. They found that transparency of information was insufficient and that the conditions and requirements for obtaining a special license were not clearly defined by legally binding documents. Such conditions can create risks for corruption and conflicts of interest. Therefore, recommendations were sent in November 2024. The recommendations to the ministry, involving four points, called for the annulment of regulations related to issuing special licenses and technical conditions for electricity and heating, ensuring transparency, and defining the conditions and requirements for granting licenses by law. The Ministry of Energy has implemented 82.5% of these recommendations. Although the ministry submitted its response to the recommendations late, it has implemented them relatively effectively. Specifically, the fee established as the "service price" for issuing special licenses by the "National Center of Energy" SOE under Executive Order A/15 of 2023 was found to be unjustified and has been revoked. Additionally, decisions that required citizens and legal entities to pay fees not authorized by law when newly receiving technical conditions for electricity and heating based on regions have also been annulled in line with the recommendations of the Anti-Corruption Agency. The previous electronic system for providing technical conditions limited the time for citizens and organizations to submit requests, causing inconvenience. This has now been changed, and the online system accepts applications 24/7. The Anti-Corruption Agency has stated that going forward, the Ministry should focus on clarifying the requirements for obtaining special licenses and ensuring greater transparency.

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World Bank to Finance Nuclear Energy Projects

Published: 2025-06-17 | Translated from: unuudur.mn

The World Bank has lifted its 12-year ban on financing nuclear energy projects in developing countries. With the global demand for electricity increasing year by year, the bank is making significant changes to its strategy in this sector, according to World Bank President Ajay Banga. This decision was made by the World Bank's Board of Directors after a meeting on the 10th of this month and aligns with the energy diversification strategy of the United States, the bank's largest shareholder. In countries where demand is expected to double by 2035, this opens up opportunities to support nuclear energy. It is said that $280 billion in investment is required annually in this sector to meet the energy needs of developing countries. The World Bank will collaborate with the International Atomic Energy Agency to invest in extending the operational lifespan of current nuclear reactors, accelerating the deployment of small modular reactors, and modernizing the energy grid. For Mongolia, which pledged at the United Nations to reduce greenhouse gas emissions to 22.7% by 2030, the energy sector is the field that requires the greatest change and innovation to meet this target. Especially now, when nuclear energy is beginning to play a major role in replacing coal and compressed fuel, Mongolia — which ranks among the top 10 countries globally for uranium reserves — could reap significant benefits if it makes smart moves. Last January, Mongolia signed an investment agreement with France to cooperate in a uranium project and decided to adopt Kazakhstan's best practices in the industry, as well as new extraction technologies and know-how that meet European Union standards. At this pivotal moment, as the winds have shifted favorably for Mongolians, the World Bank's reversal of its ban on financing nuclear energy projects can definitely be seen as an opportunity.

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"If No Accidents Occur, There Will Be No Energy Shortage This Winter"

Published: 2025-06-17 | Translated from: news.mn

City Mayor H. Nyambaatar gave an update on current affairs today. He said, "I am not very familiar with the budget for the citizens' festival or 'Danshig Naadam'. In general, when trying to lay sod grass on the main festival area at the Central Stadium, horse training causes the newly planted grass to be destroyed. Therefore, the only solution is to use artificial turf. The artificial grass has now been laid. A performance by South Korean artists is scheduled for June 21, 2025 at the Central Stadium. I discussed with Ts. Magaljav, head of the Mongolian Wrestling Federation, that if it rains at the end of June, the wrestlers will practice and test on the artificial turf. If it does not rain, we will use fire trucks to wet the turf and conduct trials. We are planning to reduce and adjust state employees by around nine percent. The city budget is a component of the national budget. For now, the city's budget is running without interruption. More than half of the major projects in the city are being implemented through public-private partnerships. Therefore, there is no need for budget amendments. However, there are 2-3 projects that require guarantee issues to be resolved. Firstly, the feasibility study for the ring road is complete and the detailed environmental impact assessment has also been finished. The metro's is done as well. For some projects, discussions with foreign representatives are ongoing to implement mixed investment models. For the ring road, 15% of the funding is secured, and for the remaining 85%, we plan to take out a loan from Exim Bank for more than 10 years, which will require a government guarantee. The guarantee amount is expected to be finalized this week. The plan consists of three packages. Once the ring road is in operation, traffic congestion will decrease. According to calculations, the loan will be repaid in a little over 10 years through road fund fees. Last year, by the blessing of Buddha, the city was able to raise funds and invest in repairs for the energy sector. As a result, by December 5 this year, the total installed energy capacity will increase to 350 MW. The construction of the Bureljüüt power plant is on schedule. If no accidents occur, there should be no energy shortages this winter. However, heating remains an issue. When meeting with the sector minister and relevant officials, since the No. 9 turbine boiler of Thermal Power Plant No. 3 JSC was not completely destroyed by fire, it is proposed to change its technology to circulate 1,500 tons of hot water. In addition, we plan to order a turbine generator and organize the tender process."

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Power Outage Schedule for Tomorrow, June 18

Published: 2025-06-17 | Translated from: ikon.mn

With special permission, the photo is used from MPA Agency. Tomorrow, Wednesday, June 18, "UBEDN" company has advised residents and businesses in certain areas of Khan-Uul, Songinokhairkhan, Bayangol, Sukhbaatar, Bayanzurkh districts in the capital and Sergelen, Erdene, Bayantsagaan soums of Tuv aimag that electricity will be cut off in some households and enterprises for line and equipment maintenance. Please adjust your electricity usage accordingly. Depending on the location, maintenance work will take place from 09:00 to 18:00. Locations where the power will be cut off on June 18, 2025 can be found by clicking HERE for the detailed schedule of electricity line and equipment maintenance in June. "UBEDN" JSC supplies electricity to Ulaanbaatar city and 16 soums of Tuv aimag. Notice:
Media organizations (Television, Radio, Social and Web sites) are prohibited from fully or partially using our information in any form, and may do so only with permission and by citing the original source (ikon.mn).

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This Year, Over 105,000 Households Will Be Connected to Combustible Gas Fuel

Published: 2025-06-17 | Translated from: news.mn

The Chair of the Citizens' Representative Khural of the capital city, A. Bayar, and member Ch. Batzorig, who is also the Executive Director of Distributed Energy Infrastructure LLC, met with representatives of the energy sector from Qingdao, China. At the meeting, the parties exchanged views on investment and cooperation opportunities. Due to the need to reduce the use of improved coal briquettes and raw coal, and to introduce combustible gas fuel and other distributed clean energy sources in order to reduce air pollution in Ulaanbaatar and create a healthy living environment, the Government of Mongolia's Resolution 133, and the 2024–2028 Government Action Plan include the goal of creating an "Energy-Supplied City." In this context, the Citizens' Representative Khural of the capital city established Distributed Energy Infrastructure LLC on November 29, 2024, by its Resolution 24/13. Ch. Batzorig, member of the Citizens' Representative Khural and Executive Director of Distributed Energy Infrastructure LLC, announced plans to gradually connect a total of 105,627 households to combustible gas fuel starting from 2025. Initially, 7,000 households will be connected, and this work will be expanded every year until 2030. The first connections are planned to be implemented in specific areas of the ger district in Bayanzurkh district. Chair A. Bayar expressed gratitude on behalf of the highest governing body of the capital for the interest in investing in activities to reduce air pollution and introduce combustible gas fuel, which are pressing issues in Ulaanbaatar. He emphasized the importance of considering appropriate technologies for Mongolia's harsh climate and, most importantly, safety. He stated that Ulaanbaatar is open to cooperation and will provide all possible support within the legal framework. Distributed Energy Infrastructure LLC is implementing its phased activities with the aim of providing residents of the capital with clean and accessible energy, reducing air pollution, and supporting sustainable development.

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Society

Free Legal Advice Event Will Continue Tomorrow From 09:00 to 16:00

Published: 2025-06-17 | Translated from: ikon.mn

With the aim of "Improving the legal knowledge and education of the citizens of the capital city," a free legal advice event is regularly organized on the third Wednesday of every month. This month’s event will continue tomorrow, June 18, from 09:00 to 16:00. Citizens can visit the city’s Unified Service Centers or call to receive free legal advice and assistance regarding their legal matters. The Unified Service Centers are located at Dragon, Misheel, Dunjingarav, Bayankhoshuu, Selbe, the E-Mart at the end of the Khoroolol, and the Yarmag-City Administration Complex Building B branch. Also, citizens can receive free initial legal advice via the following phone numbers: 75050801, 75050802, 75050803, 75050804. Source: Public Relations Department of the Capital City Governor’s Office Notice: Media organizations (TV, Radio, Social Media, and Webpages) are prohibited from using our information in full or in part in any form, except with mutual agreement and by referencing the source (ikon.mn).

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Ch. Ganbat: The Trend of Foreign Students Coming to Study in Mongolia is a GOOD Indicator

Published: 2025-06-17 | Translated from: ikon.mn

Today, the "Economic Policy and Competitiveness Research Center" held a press conference to present the 2025 annual report on global competitiveness and the results of Mongolia's competitiveness in 2025. During the event, it was reported that "Mongolia ranked 65th out of 69 countries worldwide in competitiveness for 2025." Although we received a low ranking, several indicators have shown improvement. Researcher Ch. Ganbat presented the following information regarding this: The results show which indicators in Mongolia improved and which worsened in 2025. Among the improved indicators are: - Long-term growth of the workforce was observed. - The tendency of foreign students coming to study in Mongolia increased. - Tourism revenues grew. - Intellectual drain, meaning the tendency of youths leaving the country to work abroad, slightly decreased. - Youth unemployment decreased. All of these are positive results. On the other hand, the following results have worsened: - The current account declined. - The government budget surplus/deficit decreased. - The number of patent applications per 100,000 population decreased. - Foreign investors’ tendency to invest declined. - The capital market weakened. - Social cohesion, as measured by surveys, declined. Researcher Ch. Ganbat also pointed out that, when compared to 2024, the indicator of "quality of life" has declined this year. Warning: Media organizations (TV, radio, social platforms, and web pages) are prohibited from using our information in whole or in part in any form. It may only be used after agreement and with proper attribution to the original source (ikon.mn).

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Our Country Joins the Adventure Travel Association as a Member

Published: 2025-06-17 | Translated from: unuudur.mn

The Professional Tourism Association of our country has joined the International Adventure Travel Trade Association (ATTA) as a member. This enables organizations and professionals who organize special interest tours in this field to build capacity and adopt best practices. ATTA is considered a world-leading organization in sustainable and responsible tourism, representing over 3,000 adventure travel professionals in its network. The association has consistently implemented the "AdventureEDU" program internationally, based on the knowledge and experience of skilled professionals working in all corners of the world. The parties have now planned to jointly organize the first phase of this program's training in Mongolia next autumn. Entrepreneurs, athletes, and guides who organize or plan to operate in adventure travel can participate in this training. Hannah Pearson, Director of the Asia-Pacific region for the International Adventure Travel Trade Association, said, "Mongolia has sufficient resources for adventure tourism, it is just important to utilize them. The most important step to making the most of the opportunities is capacity-building."

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Two Chinese Nationals Fined for Overstaying Visas, Iranian National Fined for Entering Without a Visa

Published: 2025-06-17 | Translated from: isee.mn

The Transport Prosecutor's Office, in cooperation with the Air Border Branch of the Immigration Agency, has reviewed and resolved complaints, information, case reports, and decisions regarding violations of the "Law on the Legal Status of Foreign Citizens" as of June 12, 2025. According to the investigation, since the start of the year, a total of 209 complaints and information regarding violations of this law have been received and processed under expedited procedures, resulting in decisions and fines. For example, two citizens of the People’s Republic of China overstayed their visas by 108 days, while one citizen of Iran resided illegally without a residence permit for 223 days. These individuals, as well as the business entity responsible for the overstaying Chinese nationals, were each fined 10,000 units worth of tögrög per day of overstay, in accordance with the Law on Violations and the Law on the Legal Status of Foreign Citizens. It is noted that the most common violations committed by foreign nationals visiting Mongolia are failing to obtain a residence permit within the legally stipulated period and overstaying the allowed period. The reason for these violations is that the inviting citizen or legal entity has not fulfilled their duty, as stated in Article 10 of the Law on the Legal Status of Foreign Citizens, to register foreign nationals with the appropriate authorities as required. To address the identified causes of these violations, prosecutor notifications have been issued to three legal entities. Foreign nationals who violate Mongolian law may be subjected to penalties, deportation, or denial of re-entry rights. Therefore, the Transport Prosecutor’s Office reminds that individuals or organizations inviting foreign nationals must properly complete all necessary permits and documentation, submit their application via the Immigration Agency’s website (www.isf.mn), and receive the relevant services to prevent such violations.

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Environment

“Erdenes Tavantolgoi” JSC is Operating Without Permits for Water and Chemical Use

Published: 2025-06-17 | Translated from: unuudur.mn

Ecologist D.Tuya gave a press briefing yesterday, reporting that "Erdenes Tavantolgoi" JSC, a subsidiary of "Erdenes Mongol" LLC, has been illegally operating and causing damage to the environment. She stated that the company conducted mining operations for about six months in 2025 without contracts or evaluations for water use, and disposed of hazardous waste in unauthorized locations. D.Tuya said, “After visiting Khanbogd and Tsogttsetsii soums in Umnugobi province to observe the operations of 'Erdenes Tavantolgoi,' I identified four violations connected to the company. They are operating without a permit to use chemicals, posing a threat of poisoning to workers as well as local livestock and wildlife. We have documented that 'Erdenes Tavantolgoi' JSC has neither the required permit nor storage facilities for chemicals and have sent a complaint to the Ministry of Environment and Tourism. Oversight authorities are either not properly investigating these issues or remain silent after reviewing them, covering up the problems. 'Erdenes Tavantolgoi' allocated a budget of 20 billion MNT for land rehabilitation but only spent 5 billion MNT on such efforts. Currently, the area in which the company is mining contains immovable cultural artifacts related to the Hunnu and Bronze Age periods. Professional researchers studied the area in 2022 and recommended partially prohibiting activity in zones with cultural relics. Yet, the company continues to operate as usual to this day. I am holding this press conference to urge the President and the Prime Minister of Mongolia to take these matters seriously.” When contacted for comment on the claims made by ecologist D.Tuya, "Erdenes Tavantolgoi" company responded, "We are investigating and will provide detailed information soon." - Ts. Tsends-Ayush

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Viewpoint: Desertification is Covering the Mongolian Steppe!

Published: 2025-06-17 | Translated from: news.mn

The United Nations has declared June 17 as “World Day to Combat Desertification.” In 2026, Mongolia will host the 17th Conference of the Parties (COP17) to the UN Convention to Combat Desertification. In this context, we present the perspectives of experts in the field. LIVESTOCK HAS TRIPLED, CAUSING LAND DEGRADATION
Director of the Institute of Geography and Geoecology of the Mongolian Academy of Sciences, Dr. A. Dashzeren: "Land degradation and desertification in Mongolia are processes caused by climate change. Warming occurring in Mongolia over the past 60 years is three times higher than the global average. This makes it clear how much strain our country is under from climate change. Mongolia is one of the few countries where climate change is happening rapidly. Because we are located in a transitional zone, we are at high risk of being affected quickly by climate change and anthropogenic factors. Research indicates that about 77 percent of Mongolia's territory has been affected by desertification. As mentioned earlier, the primary cause is climate change. The next issue is land use. For example, the number of livestock has nearly tripled since the socialist era, which is the main cause of land degradation. This is not to criticize herders, but rather an observation linked to policy. When we conduct field studies and talk to herders, many say that if animal products were properly utilized and reached their true market value, they wouldn’t need to maintain such large herds and could reduce the burden on the land. Therefore, there is a need to develop small and medium enterprises to process livestock products and raw materials. This, through cooperation between government and herders, could become a way to protect land and vegetation cover, and thus mitigate desertification and land degradation. Third, mining and infrastructure play a role. Large-scale mining undoubtedly has negative environmental impacts. Another issue is the common practice of driving off-road in rural areas, creating new tracks. This creates the primary conditions for land degradation and desertification as the soil cover in those areas can take years to recover. The arising dust settles on nearby land, reducing photosynthesis and plant cover, and greatly decreasing the ability of vegetation to grow. The Institute of Geography and Geoecology at the Mongolian Academy of Sciences conducts comprehensive research related to the natural resources and socio-economic geography of Mongolia. It employs about 158 people. Its research domains include permafrost studies, desertification research, soil science, physical geography, water resources and utilization, forest resources and protection, socio-economic geography, geographic information systems, natural resource management, land resources, and land use. We will organize the International Conference on Environmental Science and Technology on June 18-19. So far, about 230 participants have registered. About 100 oral presentations and 50 poster presentations will be presented at the conference. Scientists from over 10 countries including the USA, Japan, China, Russia, Switzerland, Norway, and Germany will participate. The participants and researchers will discuss issues in a broad context. This year we are focusing on two main topics: First, given COP17, we plan to thoroughly discuss the issue of land degradation. Research groups specializing in desertification, drought, sandstorms, and land degradation from Japan and China, with years of experience, will participate. After presenting at the conference, we aim to prepare specific recommendations or calls to action for COP17. Second, next year Mongolia will host the third International Conference on Asian Permafrost. We are focusing on this as well. In addition, various topics will be discussed, such as green development, border regions, Mongolia-Russia-China "One Road-One Belt" initiative, and economic corridors. EVERY DOLLAR SPENT ON RESTORATION YIELDS THIRTY-FOLD RETURN
Founder of "Eco Innovation and Development Center" NGO, Dr. N. Mandakh: "Desertification is land degradation. For example, in places receiving 200 mm of precipitation but experiencing evaporation of 2000-4000 mm, moisture does not reach the soil or plants, resulting in extreme dryness. Such areas are classified as arid. Once even a single plant or rock is gone, the soil, dirt, and sand are set in motion, giving rise to forms of land degradation such as erosion and destruction. Restoration in such degraded areas is extremely difficult — this is desertification. Some knowledgeable and capable herders and farmers understand land degradation simply as soil fertility decline. However, land degradation as a process also includes aspects such as soil pollution and the formation of gullies, involving geological factors. Environmental policy determines the percentage and positive impact on the environment. For example, increasing the snow leopard population from 10 to 15 is a restoration policy. Each country is encouraged by the UN Convention to develop achievable policy targets and 10-year plans. According to UN studies, for every dollar spent on restoration, thirty dollars is returned. On June 17, we celebrate the “International Day to Combat Desertification.” After the approval of the UN Convention, over 100 countries have come together under one goal, changing slogans every year. This year’s theme is “Revive Land, Unlock Opportunities.” This emphasizes the positive impacts individuals create in their environments, the measurement and dissemination of those impacts, and their accessibility. We may not all restore land, but by sharing the stories of those who do, we amplify positive effects. This year, the international closing event is in Colombia. That country takes a community-based approach to conservation and sustainable use under the three Rio conventions, aiming to leave no one behind and to jointly achieve significant change. They are also particularly focused on agriculture, using food crops wisely and linking traditional farming to health and education."

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Innovation

Cooperating with China in the Field of Space Exploration is Possible

Published: 2025-06-17 | Translated from: montsame.mn

The Mongolian Academy of Sciences, "JS Engineering" company, China Great Wall Industry Corporation, Mapping and Observation Technology Company, and the Academy of Space Technology jointly organized a conference today on the theme "National Remote Sensing and Low Earth Orbit Satellites." The purpose of this conference is to discuss the possibilities of Mongolia developing and launching remote sensing satellites, effectively utilizing the information from these satellites for social and economic development, and to reach a unified resolution. Hero of the People's Republic of Mongolia and the Soviet Union, cosmonaut J. Gurragchaa said: "The main focus of the conference is related to space research. Also, representatives from China's space organizations are participating. Our cooperation will to some extent determine the future of Mongolia's space development and tomorrow's activities, which is why I attach great importance to it. China is the third country in the world to operate a spacecraft station in orbit. Since 2010, Russia, the USA, and China have sent people to space, established orbital stations in a short period of time, contributed significantly to lunar exploration, and taken images of the side not visible to us. China's international cooperation in space research is expanding. As an eternal neighbor, we have the opportunity to cooperate with China in the field of space research. The moon itself is a highly valuable area. Conducting space research, establishing artificial satellites, ground control stations—all of these are costly undertakings. I believe we have the opportunity to cooperate in this area, and I hope that this will lead to tangible progress in the development of our country." President of the Academy of Sciences S. Demberel stated: "In 2023, we first signed a memorandum of understanding with China's industrial corporation and business organizations to develop space research and technology in Mongolia. As part of this work, we are holding today's training to jointly design, test, launch, and operate a low earth orbit remote sensing satellite in Mongolia. The main purpose is to realistically begin our cooperation with an initial step." Cheng Shan Dong, General Manager of China's Machinery Engineering Corporation, emphasized: "Today's conference has been in planning for a year. Satellites are very important for Mongolia. For a country with vast territory and a sparsely distributed population like Mongolia, this is a crucial project. We will work together swiftly to bring Mongolia to the next technological level." At this conference, leading space engineers from Beijing are sharing their experiences online.

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M Bank Implements PCI-DS 4.0.1 Standard for Card Information Security

Published: 2025-06-17 | Translated from: ikon.mn

M Bank has successfully implemented the PCI-DS 4.0.1 standard to ensure the security of card information and data, and has received certification confirming that it protects its clients' personal information in accordance with international standards. This upgrade represents an important step in M's strategy to develop payment solutions and card services offered to its friends in line with international security standards. It aims to comprehensively improve the institution's information security system, prevent risks, and build a flexible and controlled protection system. With the introduction of this standard: Behind every daily purchase and card transaction you make, your personal and financial information is safeguarded. To protect this information, M Bank's colleagues continually make improvements. Even though you may be unaware, a risk-preventive security network is at work every time you conduct a transaction. What is PCI-DSS 4.0.1? Simply and clearly explained, PCI-DSS (Payment Card Industry Data Security Standard) is an international standard ratified by global payment card organizations to ensure information security. This standard contains mandatory security criteria that banks, fintechs, e-commerce businesses, and any organization involved with card information must meet. In other words, if an organization does not comply with this standard, there is a high risk that your card information will not be securely protected. So, it’s a very important standard. PCI-DSS 4.0.1 introduces the following main updates and trends: - Evaluating security using a results-based approach - Developing and applying flexible implementation guidelines - Continuously monitoring and automating security controls - Revising requirements to address new threats and attack methods. All these enhanced protections have been in effect since March 2025. So, friends, continue to make your transactions with confidence as before. M Bank will always safeguard your information security. Unlike what you’re used to – M Bank Notice: Media organizations (Television, Radio, Social, and Websites) are prohibited from using our information in whole or in part in any form and may only use it with consent and proper attribution to the source (ikon.mn).

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Today's Stories

Politics

Economy

Diplomacy

Infrastructure

Society

Environment

Innovation

Politics

ANNOUNCEMENT: National committees to be dissolved, 11 new ministers to be appointed, 8 ministers to continue serving

URGENT: The structure and composition of the Government to remain unchanged

URGENT: N.Uchral appointed as First Deputy Prime Minister, S.Byambatsogt as Cabinet Secretary, Ch.Undram as Minister of Culture, Sports, Tourism and Youth, and G.Damdinyam as Minister of Industry and Mineral Resources

Initiative to Remove the Prime Minister's Seat from the Front of the Parliamentary Chamber

Members of the Government Introduced to the President of Mongolia

Prime Minister G. Zandanshatar Appoints Members of the Cabinet of Mongolia

Ballots and Vote Counting Machines Delivered to Election Committees in 18 Provinces

The HUN Party's Representative Council supports cooperating with the government by 97% vote

Draft Law Submitted by B.Tuvshin and Ch.Lodoisambuu Specifies That Part-Time Work Will Be Exempt from Social Insurance Payments, and No Social Insurance Will Be Deducted from Meal and Transportation Allowances

B. Choijilsuren: We have overcome difficult conditions in the last 2-3 winters. We will continue in a similar way in 2025 and 2026.

A Bill to Reduce Social Insurance Contributions to be Discussed by the Standing Committee

The HUN Party Joined the Government for the Sake of the Country

Resolution on Nominating Government Members Presented

The Political Council of the IZN Party to Meet at 11:00 to Discuss the Prime Minister's Proposal to Join the Government

Presenting the Issue of Appointing a Cabinet Member

L. Munkhbaatar Appointed as Minister of Justice and Home Affairs

Economy

Integrated Implementation of Cross-border Transportation and E-commerce

TODAY: The Results of Mongolia's Competitiveness for 2025 to be Announced

Housing Prices Increase by 14.3 Percent

Mongolia's Foreign Trade Surplus Fell by 55% in the First Five Months of This Year Compared to Last Year, Reaching $884.5 Million

Mongolia Ranked 65th in Competitiveness Index

As of Last Month, the State Budget Deficit Reached 259 Billion Tugriks

Mongolia Ranks Fourth from Last in World Competitiveness Study

In the First Five Months of This Year, the State Budget Balance Recorded a 260 Billion MNT Deficit, and Mineral Royalty Revenue Decreased by 67%

Mongolia Drops Four Places in Global Competitiveness Ranking

Average Monthly Salary is 2.6 Million Tugriks

Golomt Bank and BNY Organize 'Golomt Bank & BNY Joint Compliance Workshop 2025'

BAYAN-ÖLGII: Mining Sector Discussion Organized

Should a No-Deficit Budget Transition to Austerity?

Housing Prices Increase by 14.3%

Inflation in May 2025 reached 8.3 percent nationwide

"Setting the interest rate on demand deposits to zero makes it possible to lower lending rates"

RANKING: "The productivity of the Mongolian workforce is ranked 68th out of citizens from 69 countries"

Diplomacy

Ministry of Foreign Affairs: Important Notice for Citizens Wishing to Return Home

The Meeting of the Executive Board of the International Association of Police Training Institutions to be Held in Mongolia for the First Time

Prime Ministers of Foreign Countries Congratulate and Send Messages to Mongolian Prime Minister G. Zandanshatar

Infrastructure

The Tender for CHP-5 Thermal Power Plant to be Opened in July

Millennium Challenge Account Mongolia: Invitation for Selection of Individual Consultant

Unjustified Fees in the Energy Sector Annulled

World Bank to Finance Nuclear Energy Projects

"If No Accidents Occur, There Will Be No Energy Shortage This Winter"

Power Outage Schedule for Tomorrow, June 18

This Year, Over 105,000 Households Will Be Connected to Combustible Gas Fuel

Society

Free Legal Advice Event Will Continue Tomorrow From 09:00 to 16:00

Ch. Ganbat: The Trend of Foreign Students Coming to Study in Mongolia is a GOOD Indicator

Our Country Joins the Adventure Travel Association as a Member

Two Chinese Nationals Fined for Overstaying Visas, Iranian National Fined for Entering Without a Visa

Environment

“Erdenes Tavantolgoi” JSC is Operating Without Permits for Water and Chemical Use

Viewpoint: Desertification is Covering the Mongolian Steppe!

Innovation

Cooperating with China in the Field of Space Exploration is Possible

M Bank Implements PCI-DS 4.0.1 Standard for Card Information Security

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