Mongolia News Summary for May 29, 2025

The following news articles are the opinions of their authors and publications. They are presented here as translations for informational purposes and do not necessarily represent the opinion of MongolBeat or its members.
Today's Stories
Politics
- Send a Letter to Your Elected Member of Parliament, Demanding Them to Sign the Official Proposal for the Prime Minister's Resignation
- The Government is Discussing 32 Issues Including a Draft Law to Amend the Law on Citizenship Initiated by P. Sainzorig
- VS: Has the Government Resigned or Not?
- Ts. Sandag-Ochir: If they ask us to trust the implementation of the Sovereign Wealth Fund law, there is no choice but to grant it
- Vehicles Will Not Be Allowed on the Road If Taxes Are Not Paid Before June 1
- It Will Be Decided by the State Great Khural Whether to Continue the Activities of the Coalition Government
- J. Bat-Erdene: If the Prime Minister Raises the Issue of Confidence in the Government Regarding the State Budget or Policy Matters, It Must Be Discussed and Resolved Within 10 Days According to the Law
- A “Just Like Any Other” Government Does Not Implement Reforms
- The parliamentary resolution to grant confidence to the Prime Minister will be submitted to Parliament
- Prime Minister L. Oyun-Erdene to Give Open Press Interview After Parliament's Decision
- The Government Meeting Will Start at 10:00 AM
- The Government Will Meet at 10:00 AM
- Will give an interview to the press after the decision on confidence in the coalition government
- G. Damdinyam: The MPP Small Khural has decided to annul the resolution establishing the Joint Government. This decision must be implemented
- BREAKING: The Draft Resolution on "Expressing Confidence in the Government" Unanimously Supported by Ministers and Submitted to the Parliament for Discussion
- L. Gantomor: The Democratic Party Will Leave the Government
Economy
- REPORT: The Bank of Mongolia Significantly Reduces Foreign Currency Supply, Raises Exchange Rate, Causing the USD to Reach 3600 and the Yuan to Hit 501 MNT, Triggering an "Economic Red Light"
- Mongolia and Turkey Express Commitment to Elevate Trade and Economic Cooperation to a New Level
- Mongolian Beer on the Global Stage: “Altan Gobi” Beer Now Available at South Korea's E-Mart 24 Chain
- CALCULATION: Since L. Oyun-Erdene became Prime Minister in 2021, the prices of staple food products have increased by 70-180%
- Standing Committee Members Support 30-Year $47 Million Loan Agreement
- Inflation Will Be Kept at 7 Percent Next Year
- Business Strategy and Growth Based on Leadership
- Although It Was Announced That the Price of AI-92 Fuel Decreased by 100 Tugriks, the Actual Price Remains at 2590 Tugriks
- Cooperation with Italy within the Framework of the 'White Gold' National Movement
- Mr. Ronil Sujan Appointed as Independent Board Member of Golomt Bank
- SELENGA: Diesel prices decrease, gasoline prices increase
- Non-Banking Financial Institutions' Issued Debentures Increase by 79.4%
- The Remaining Ready Apartments Will Be Processed Quickly Through 6% Mortgage In 7-14 Business Days
Diplomacy
- President of Turkmenistan Serdar Berdimuhamedov to Pay a State Visit to Mongolia on June 1-2
- The State Visit of the President of the Republic of Austria Concludes
- Mongolia Participates in China's International ‘Heavy’ Category Search and Rescue Evaluation
- The Ministry of Foreign Affairs has started providing necessary support for a Mongolian citizen with speech and hearing disabilities who has been detained in the US for 80 days
- Chairman of the Standing Committee on Social Policy of the State Great Khural L. Enkhnasan Meets Ambassador Fiona Blyth
Infrastructure
- MIAT JSC to Launch Direct Flights to Hohhot Starting from June 6 Next Month
- Direct Flights to Hohhot Will Operate on Wednesdays, Fridays, and Sundays Starting June 6th Next Month
- US Company to Advise on the Natural History Museum Project
- Support National Companies and Let Mongolians Build the Selbe Subcenter Project Instead of the Chinese. Trust Us!
- KHUVSGUL: 21 MW Heating Plant Expansion to Be Commissioned in Autumn
- A Seminar on the Future of the Construction Sector, Green Buildings, and Integrated Thermal Insulation Systems to Be Organized
- Bicycles and Scooters Placed on Roads and Sidewalks Will Be Towed and Regulated
- Camera Surveillance to Be Enhanced in Locations Where Heavy Cement Trucks Damage Roads
Society
- Mongolia and Austria Sign Social Protection Agreement
- The Number of Chinese Citizens Residing in Mongolia for Employment Purposes Has Increased in Recent Years
- URGENT: Due to Trump's Immigration Order, a Mongolian Citizen With Speech and Hearing Disabilities Has Been Detained in the US for 80 Days
- D. Amarbaysgalan, O. Tsogtgerel, and L. Gantomor Have Been Given 24 Hours to Meet with the Representatives of the 'Resigning is Easy' Protest
- 31 Chinese Citizens Deported for Using Fake Documents
- The white tent in the central square, with a daily rental price of 5-7 million MNT, is being dismantled today
- Children's Day and Buddha's Great Enlightenment Day Will Be Public Holidays
- LIVE: The "Resignation is Easy" protest continues for its 15th day at Sukhbaatar Square
- "It is true that citizens with disabilities cannot receive pensions or loans despite paying social insurance"
- The "Bargajin-2025" International Festival to be Organized in Tuv Province
Environment
- Mongolia and South Korea to Collaborate on Addressing Urgent Climate Change Issues
- News Guide: NEMA to Present the Current Situation of Forest and Steppe Fires
Innovation
Politics
Send a Letter to Your Elected Member of Parliament, Demanding Them to Sign the Official Proposal for the Prime Minister's Resignation
Published: 2025-05-28 | Translated from: ikon.mn
The protest entitled "Resigning is Easy," aimed at pushing for the Prime Minister's resignation, will continue today for its 15th day from 16:00 to 20:00 on Sukhbaatar Square in front of the statue of Chinggis Khan. PROGRAM:
Protesters are putting forward the following main demands: 1. Prime Minister Luvsannamsrai Oyun-Erdene must take political and ethical responsibility and resign voluntarily.
2. Do not support forming a new coalition government after the current one is dissolved.
3. Support the stability of the system rather than individual officials, and do not make amendments to the Constitution. From yesterday's protest onwards, every participant is urged to send a letter to the Member of Parliament elected from their constituency. The letter should demand that, in the event Prime Minister L. Oyun-Erdene does not resign voluntarily, the MP should exercise their powers under Article 43.1 of the Constitution and sign the official proposal initiated by Members of Parliament to remove the Prime Minister from office. As of the day before yesterday, the combined count of online and paper signatures from citizens calling for the resignation of Oyun-Erdene's government has reached 150,000, meeting the required threshold. Sample letter to submit in an envelope to the Mongol Post located northwest of the State Palace: A segment performed by voluntary artists who joined yesterday's protest: https://www.facebook.com/61576371625315/videos/1960406244762541 PHOTO: Warning
Media organizations (TV, Radio, Social Media, and Web sites) are prohibited from using our information fully or partially in any form without agreement. Use is only allowed with the source (ikon.mn) cited and with prior permission.
The Government is Discussing 32 Issues Including a Draft Law to Amend the Law on Citizenship Initiated by P. Sainzorig
Published: 2025-05-28 | Translated from: isee.mn
The regular meeting of the Government has started. Today's meeting is planned to discuss the following issues: - Government resolution draft to amend the annex of the government resolution on conducting an enterprise census
- Annex of government resolution No. 119 of 2025 on determining the total area, location, and purpose of land to be allocated for ownership by Mongolian citizens in 2025
- Government resolution draft to approve the list of locations, size, and purpose of land to be granted for possession and use nationwide in 2025
- Government's opinion and conclusion regarding the draft law to amend the Law on Citizenship initiated by Member of Parliament P. Sainzorig
- Review and evaluation of the operations conducted by the central administrative bodies and the governor's offices of aimags (provinces) and the capital city in 2024
- Review and evaluation of the projects and activities funded by foreign loans and financial aid implemented by the government in 2024 A total of 32 issues are planned to be discussed.
VS: Has the Government Resigned or Not?
Published: 2025-05-28 | Translated from: news.mn
Last Wednesday, during the 6th congress of the Mongolian People's Party (MPP), a resolution was passed to remove the Democratic Party (DP) from the coalition government on the grounds that they breached the coalition agreement. It was also decided to establish the next government. However, due to uncertainties over whether the government has indeed resigned or not, the parliament's sessions have experienced poor attendance, ministries have been left with no one actively working, and both domestically and internationally an ambiguous situation has arisen. This week, in our VS section, we highlight the opinions of members concerning whether the coalition government has resigned. K. Temuujin, Member of Parliament: - The MPP announced that the DP had violated their agreement and decided to form a government without the DP. However, it seems they cannot bring this decision to parliament. I don't know what logic or grounds they have for it. Since the party made such a decision, there were rumors about the Prime Minister stepping down of his own accord. Therefore, the Prime Minister might submit a resignation proposal to parliament, and the DP is waiting for this. Our party's stance is very clear. When the government was formed, the MPP itself invited us. They appointed the Prime Minister, who then invited our party into his cabinet. We made the decision to join the coalition. Now, it seems their party wants to end this coalition. So be it. We stick to one principle: if they want to work, we can cooperate, but if not, we can firmly take our position as the opposition. Mongolia has become a country of three leaders. The nation's fate sways with the mood of those three leaders each morning and the gossip they listen to each night. We cannot continue like this. Therefore, at minimum, parliament should function as a parliament and the government should function as a government. It has reached the point where someone is proposing in the parliament hall to remove the Prime Minister. De facto, the government has resigned. All that remains is to formalize it de jure. If parliament keeps the Prime Minister, then the government will proceed according to the majority's wishes, and we will not participate. Furthermore, our ministers have said that if the current government continues, our eight ministers will not remain in power and will submit their resignations. Also, if the Prime Minister does not submit the issue to parliament, we are ready to gather and submit the 32 required signatures. So, our position is very clear. P. Munkhtulga, Member of Parliament: - I believe this government has resolved many long-standing geopolitical issues and worked together for the nation's interests. Within the last 10 months, 3–4 major geopolitical hurdles from the past 30 years have been overcome. When Mongolians unite, it doesn't mean they have to commit corruption. Some members of parliament spoke out as part of their right to skepticism. However, it does not make sense to hold an entire party or government responsible for this. The government should see through the 14 mega projects it has started. The average tenure of a Mongolian government has been 1.3 years. This instability negatively affects our foreign relations. Therefore, it is necessary to increase the average lifespan of governments in a planned manner. In our party's meeting, we agreed to listen to the government's meeting summary and then discuss what steps to take next.
Ts. Sandag-Ochir: If they ask us to trust the implementation of the Sovereign Wealth Fund law, there is no choice but to grant it
Published: 2025-05-28 | Translated from: isee.mn
At the regular meeting of the government, the draft resolution on "whether to grant confidence to the coalition government" was unanimously supported by the ministers and will be discussed in the State Great Khural (Parliament). In relation to this issue, we sought the opinion of Member of Parliament Ts. Sandag-Ochir. Member of Parliament Ts. Sandag-Ochir: In the beginning, the issue discussed was about bags (corruption). Later, it became an issue about whether to cooperate with the government or not. The issues discussed in the government today seem likely to be brought to Parliament in the coming days. It seems that the leaders of the two or three parties in the government are meeting. It will likely become clearer in the future. Ordinary members like us have limited information. More than 300 members took part in the meeting. Not everyone raised their hands at the same time. Personally, I voted against because I believe the government should be stable. I am following the principle of the majority. It is not yet clear whether the issue of the vote of confidence for the Prime Minister will be brought forward. In other countries, the appointing body—the Parliament itself—initiates the discussion of granting or withdrawing confidence. In our case, the Prime Minister himself is bringing the issue, asking "Please trust me." Members are also discussing among themselves. If they ask us to have confidence in the implementation of the Sovereign Wealth Fund law, there is no choice but to grant it.
Vehicles Will Not Be Allowed on the Road If Taxes Are Not Paid Before June 1
Published: 2025-05-28 | Translated from: montsame.mn
In Mongolia, citizens who own vehicles are required to pay the annual vehicle and self-propelled machinery tax to their local tax office before June 1 each year. The Mongolian Tax Authority reminds citizens that there are only five days left to pay their vehicle taxes. You can save time by using the following channels to pay your taxes: etax.mta.mn, e-mongolia.mn, itax.mta.mn, ebarimt.mn, smartcar.mn, Geregé kiosks (with any bank card), online banking, or by using POS terminals at unified service centers. If you are unable to pay electronically, you may visit any nearby bank and pay by providing your vehicle registration number. On December 4, 2024, during an extraordinary second meeting of the Ulaanbaatar City Council (NITX), it was decided to increase the road usage fee by five times, and the tax for vehicles and self-propelled machinery by three times. This decision took effect from January 1, 2025. Therefore, vehicle owners must pay their respective taxes before June 1. If the taxes and fees are not paid within this period, not only will a fine be imposed, but the vehicle will also not be allowed to participate in traffic.
It Will Be Decided by the State Great Khural Whether to Continue the Activities of the Coalition Government
Published: 2025-05-28 | Translated from: ikon.mn
The regular meeting of the Government was held today at the State Palace, during which the issue of submitting a vote of confidence for the coalition government to the Parliament was discussed. A vote was conducted among the members of the government, and with 100% support, it was decided to submit the draft resolution to the Parliament to seek confidence in the government. Regarding this matter, the government's spokesperson stated, "When forming the government, three parties made an agreement. The MPP's conference is only a decision-making body representing that party. The Prime Minister was appointed by the State Great Khural (Parliament). Therefore, the matter of resignation or not will be decided by the State Great Khural." According to the Constitution, "If the Prime Minister submits a draft resolution to seek confidence on certain matters related to the state budget or policies, the State Great Khural shall start the discussion three days later, and within ten days, decide by a majority of all its members. If the resolution is passed, the Prime Minister is considered to have gained confidence and the issue is considered supported. If the resolution is not passed, the Prime Minister is considered dismissed, and a new Prime Minister will be appointed within thirty days." Notice
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J. Bat-Erdene: If the Prime Minister Raises the Issue of Confidence in the Government Regarding the State Budget or Policy Matters, It Must Be Discussed and Resolved Within 10 Days According to the Law
Published: 2025-05-28 | Translated from: ikon.mn
The Prime Minister has submitted the issue of whether to receive a vote of confidence to the State Great Khural (Parliament). According to the law, this issue must first be discussed by the Standing Committee on State Structure. Regarding this, the head of that standing committee, J. Bat-Erdene, provided the following explanation. Member of Parliament J. Bat-Erdene said: “The draft resolution has just arrived. In terms of process, it will be sent to the Standing Committee on State Structure. The Constitution states that ‘If the Prime Minister raises the issue of confidence in the government regarding the state budget or policy matters, it must be discussed and resolved within three days, or within 10 days at the latest.’ If it arrives on my desk today, after reviewing the resolution tomorrow or the next day, the standing committee will inevitably meet on Monday. I have not yet had the chance to familiarize myself with the content of the draft resolution. If Parliament supports it, the Government will continue to work. If not, the Government will be considered dismissed. Whether the voting will be open or closed is another matter. The Constitution does not specify in what form the voting should be conducted,” he said. Attention:
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A “Just Like Any Other” Government Does Not Implement Reforms
Published: 2025-05-28 | Translated from: unuudur.mn
The fate of the coalition government will be finally decided this week. In a statement sent to Parliament, Prime Minister L. Oyun-Erdene expressed his desire for the current government to continue its activities and sought a vote of confidence. When deciding on this matter, Parliament must consider what significance this has for the future and destiny of Mongolia, rather than just taking the Prime Minister’s plea that “if we cannot have a coalition government including the Democratic Party, we may as well let the government fall.” To state it frankly, the Democratic Party, which did not perform well in the government, is not solely to blame. If the Democratic Party reneged on its role as opposition to join the government, the government cannot be blamed for that. In truth, the Democratic Party has lost three consecutive elections due to lack of unity and poor participation. In such a case, the leader of the ruling party has every right to gladly cooperate and, having formed a formal alliance agreement, to complain if the agreement is violated. The most valuable answer is: "The parliament, as guaranteed by the Constitution, shall decide the issue." First, let us consider what significance maintaining a coalition government has. As the leader of the party that won the 2024 parliamentary election by direct vote, L. Oyun-Erdene confidently formed a government bearing his name. Even though he had every possibility to rule alone, he opted for a coalition, offering cooperation to other parties so they could implement major constitutional amendments and national development programs together. Behind every coalition agreement lie national development plans, related projects and investments, and diplomatic ties with foreign countries. These are not things that can be suddenly dismantled from outside pressure or by a handful of protesters invoking the people’s name. If such pressure tactics were allowed to succeed, they would likely recur in the future, and the strength and stability of Mongolian statehood would be called into question, alongside democracy and human rights, with society looking to parliament for proper decisions. Additionally, it is critical to consider the grounds for the dissolution of the coalition government or the dismissal of the Prime Minister. This is a matter of history. If state affairs could be brought to a standstill due to unsubstantiated rumors, political protests, or orchestrated campaigns, it would be a regrettable phenomenon for a constitutional state. Is an engagement ring a valid reason for resignation? Investigations by law enforcement found nothing beyond the fact that the Prime Minister’s son gave a ring to his girlfriend—nothing provable beyond that. To try and punish or accuse someone by political means, outside the law, is not permissible. Will governments henceforth be brought down by a few edited photos without verifying their authenticity? We must consider the precedent being set. The most important point is that national long-term strategies like "Vision 2050", the "New Revival Policy", and the "14 Mega Projects" are all state policies ratified by parliament and not just fleeting whims. These are legally mandated undertakings. That is why many foreign investors are showing interest, submitting proposals, bidding in tenders, and why international leaders are engaging in official negotiations and visits with Mongolia. If the current government were to collapse or change coalition partners, it does not mean all these plans would be abandoned. However, a headline like "The much-lauded stable coalition government has collapsed", "Perhaps the reason is the Prime Minister’s son’s engagement ring", or "The method of removal was a protest demonstration organized and financed by certain interests"—these are enough to shake investor confidence and create risk aversion. Accordingly, the day after the ruling party decided to discuss removing the Democratic Party from the coalition, Mongolian companies' shares fell on international exchanges. While government bond yields in developed countries have been rising, the price of Mongolia’s foreign bonds has started to decline. Also, during this period of uncertainty, the price of gold fell to $3346 per ounce. Since the appointment of Democratic Party member G. Tuvaan as the Minister of Industry and Minerals, the geological field, dormant for more than 30 years, was revitalized and exploration activities began anew. After the Democratic Party left the coalition, no one knows who will decide the policy on such matters. In this case, both domestic and foreign investors interested in Mongolia’s gold sector are likely to hesitate, stalling progress and reducing export revenues. The losses will not be paid by the protesters or the “next round of ministers.” If the coalition government is dissolved and the Democratic Party is expelled, what will happen? If a single-party government can be forced to resign due to opposition pressure, but a coalition government is virtually secure from removal, then foreign investors will base their decisions on perceptions of political stability. At present, the company that has invested the most and is involved in the broadest projects is China's "China Energy". This major international energy company is interested not only in coal but also in railways, energy, natural gas, and even projects to irrigate the Gobi. Investment agreements have already been made and confirmed by both countries’ Prime Ministers. One must consider how rapidly a state-owned Chinese company can receive information about possible political instability. So far, they are watching closely, trusting and hoping. There is nothing free in this world. If we say that a contract was disadvantageous, it only reflects the socio-political context, quality of politicians, and standards of integrity at that time. If there was no integrity, an unfavorable contract followed. In other words, these agreements are a reflection of our country’s history. Unfortunately, current state policy is increasingly settled not in the government house but on social media. Business groups enter politics, or authorized persons are controlled by businessmen, and the opposition is held hostage to the majority—these all show up in our contracts and agreements. We must understand what we are losing by giving up on the coalition government’s objectives. Foremost among these is the objective of a green transition in line with global trends. Even the president of Austria, who recently visited Mongolia, included the goal of a green transition in a joint statement. “Green transition” is a policy that starts with herders preserving the land and extends to essential policies for urban dwellers. Regarding digital transition, there is also no alternative: the world is competing for advances in AI. Mongolia has only just begun work on finding the funding and infrastructure for digital transformation, such as connecting to Starlink. To halt that would be akin to telling us to rely on the old fiber optic cable from decades ago. How will we enhance the national human resource capacity and manage workforce migration? The number of civil servants has increased by 20,000 in the last three years—now about 230,000 people work in government. One out of every five employed people in Mongolia works for the government, making it the largest employer. Are there more people genuinely serving the public or simply signing papers to earn a living? This requires systemic change, which now again risks being delayed. Strategic deposit listings, which have been stalled in parliament since 2007 and unratified until today; implementation of the National Wealth Fund law to distribute benefits from these deposits to all citizens; the long-stalled construction of the Gashuunsukhait-Gantsmod border railway; joint uranium projects with France and stability agreements with Orano Mining—these are not "reality shows" but the results of high-level negotiations and mutual visits between heads of state, planned to be executed by the governments and ratified by parliaments. Without the Democratic Party, these plans could still technically be implemented, but instability, continual reshuffles, and policy uncertainty will disrupt progress in every sector. Foreign partners do not believe Mongolia can accomplish its 2028 goals under these circumstances. "Mongolian politics is unstable" will become the lasting verdict, reinforcing the notion that obstacles only come from Mongolia itself. L. Oyun-Erdene’s coalition government is very similar to the “nonstandard” government established under Prime Minister S. Bayar after the tragic events of July 1st, 2008—a decision to use every possible means to pursue unity and national interests. The results were significant: the Oyu Tolgoi agreement was ratified and the “Third Campaign for Development” took off. With this experience, the MPP and its leader, L. Oyun-Erdene, decided on a coalition. As a result of constitutional changes, 80% of parliament was renewed, and if the ruling party had governed alone, then in four years, the nation’s problems would remain, election promises would be unfulfilled, and blame would be shifted. Thus, they decided to be bold and act together. Significant projects cannot be completed within half a year; so, removing the coalition government will bring little gain, and public opinion seems to favor giving confidence to the current administration. If the MPP forms a government alone, it will be “just another” government, unable to carry out the necessary reforms. If the DP had won, the MPP would have gone running to join. This should not be ridiculed—it is simply the reality of Mongolia.
The parliamentary resolution to grant confidence to the Prime Minister will be submitted to Parliament
Published: 2025-05-28 | Translated from: news.mn
At the regular meeting of the Government held on May 28, 2025, the following issues were discussed and decided upon. Submission of the draft parliamentary resolution to grant confidence to the Prime Minister The draft parliamentary resolution on granting confidence to the Prime Minister of Mongolia was discussed and supported, and it was decided to submit it to Parliament. It was considered appropriate to intensify the implementation of major objectives set out in the Government Action Program for 2024-2028, including the National Wealth Fund, 14 mega development projects, energy sector reform, and regional development, to solidify tangible results, and to continue implementing proposed policies and goals sustainably based on the principle of shared responsibility. Setting the standard price for vouchers for the elderly to receive social welfare-funded care According to the Law on the Elderly, the standard price for vouchers from the social welfare fund for elderly people to receive care at accredited facilities was set at 416,000 MNT for 50% support, and for honored donor elderly, the full 100% price was set at 832,000 MNT. Furthermore, for elderly with honorary titles, as stipulated by law, the maximum amount of discount for accredited domestic spas covered by the social welfare fund was set at 832,000 MNT. Elderly now have the opportunity to rest at, and receive care from, the facility of their choice with discounts Amendments were made to the procedure for providing support and discounts to the elderly. Previously, elderly could only receive discounted care and rest at specifically selected facilities within their province or district, limiting their choice. Now, a list of rest and care facilities meeting the required standards will be compiled, and contracts will be concluded with these by the state administrative body responsible for social welfare, allowing the elderly to choose the facility they wish to attend. Thus, elderly can now rest and receive care at the facility of their choice using their eligible discount voucher. Amendments to the procedure for providing financial support from the Employment Promotion Fund In accordance with the Law on Employment Promotion, a government resolution was passed to amend the procedure approved in Resolution No. 340 of 2021 for providing small loans from the Employment Promotion Fund, guaranteeing them, reimbursing interest, and providing financial support. Under this procedure, citizens and businesses can receive loans of up to 50 million MNT through commercial banks for up to 36 months in order to create, maintain, or expand jobs. Additionally, financial support of 5 to 10 million MNT may be provided under non-repayable, collateral-free, interest-free, and preferential terms. From 2020-2024, out of 5,551 individuals and organizations who applied for small loans, 2,662 (47.9%) received them. In the same period, 38,331 individuals and organizations applied for financial support, with 24,816 (64.7%) receiving support. Certain organizational issues relating to the provision of small loans from the Employment Promotion Fund (EPF) have affected the ability to fully meet demand. Previously, the central administrative body was responsible for selecting intermediary banks, signing contracts, and issuing guarantees for small loans from the EPF, concentrating organizational activities and increasing bureaucracy. The new amendment delegates the selection of intermediary banks and contract management to the General Office of Labor and Social Welfare Services. Additionally, taking inflation into account, the maximum loan size for self-employed individuals is increased to 20 million MNT, and for citizens forming partnerships, cooperatives, or returning from employment abroad, up to 40 million MNT. This aims to create, maintain, and expand jobs, increase employment opportunities for these citizens, and improve access to loans.
Prime Minister L. Oyun-Erdene to Give Open Press Interview After Parliament's Decision
Published: 2025-05-28 | Translated from: isee.mn
Prime Minister L. Oyun-Erdene is set to give an open interview to the press after the decision on the draft resolution 'On Parliamentary Confidence' is resolved. Due to the Prime Minister's communication activities and recent emerging issues, 26 independent and autonomous editorial offices joined together and submitted a demand to the Government Administration Office on May 20th this year. Today, May 28th, the Government Administration Office delivered an official reply to the demand raised by the editorial offices. In this official letter, it is stated, "After the Parliament discusses and decides on the draft resolution on confidence, the Prime Minister will give an open interview to the media organizations."
The Government Meeting Will Start at 10:00 AM
Published: 2025-05-28 | Translated from: news.mn
The regular meeting of the government is held every Wednesday. Officials have announced that today's meeting will begin at 10:00 AM and will discuss current issues. At last week's government meeting, the draft law on confiscation and restitution of illegally acquired assets by public officials was discussed and it was decided to submit it to the State Great Khural (Parliament). Mongolia's Prime Minister L. Oyun-Erdene has submitted this draft law to D. Amarbayasgalan, the Speaker of Parliament. Further updates on the issues discussed at the meeting will be provided.
The Government Will Meet at 10:00 AM
Published: 2025-05-28 | Translated from: isee.mn
The regular meeting of the Government scheduled for today has been announced to take place at 10:00 AM. While the list of issues to be discussed at the meeting has not been specifically announced, there is information that Prime Minister L. Oyun-Erdene will officially present the decision of the MPP's Small Conference to the cabinet ministers, finalize the draft resolution on "whether to express confidence in the coalition government," and submit it to the State Great Khural (Parliament). According to sources, Prime Minister L. Oyun-Erdene, based on Articles 44.1 and 44.2 of the Constitution, has developed the "Confidence Resolution Draft," which reflects his intention to "continue working with the coalition government." After having this draft resolution approved at the government meeting tomorrow, L. Oyun-Erdene will submit it to the State Great Khural. Subsequently, it will be discussed by parliamentary party groups and standing committees on Thursday, and finalized at the plenary session of the Parliament on Friday.
Will give an interview to the press after the decision on confidence in the coalition government
Published: 2025-05-28 | Translated from: news.mn
Media organizations have demanded that the Prime Minister give open interviews to the press and inform the public. Specifically, Prime Minister L.Oyun-Erdene has not given open, live interviews to media outlets since he began serving as Prime Minister, which has drawn criticism from the public. In response, the Cabinet Secretariat reported that Prime Minister L.Oyun-Erdene has decided to give an open interview to media organizations after Parliament discusses and decides on the draft resolution regarding confidence in the coalition government, which will be relayed to Parliament at the media organizations' request.
G. Damdinyam: The MPP Small Khural has decided to annul the resolution establishing the Joint Government. This decision must be implemented
Published: 2025-05-28 | Translated from: isee.mn
At the regular meeting of the Government, the draft resolution on "whether to give a vote of confidence to the joint government" was unanimously supported by the ministers and will be submitted to the Parliament for discussion. In connection with this matter, we clarified the position of Member of Parliament G. Damdinyam. He said, "The Small Khural of the MPP has made a decision to remove the DP from the joint government. Secondly, it annulled the resolution to establish a joint government. Therefore, this institutional decision of ours must be implemented. The issue of a vote of confidence has not yet been submitted to the Parliament. Personally, my position is that the decision made during my party's meeting should be implemented."
BREAKING: The Draft Resolution on "Expressing Confidence in the Government" Unanimously Supported by Ministers and Submitted to the Parliament for Discussion
Published: 2025-05-28 | Translated from: isee.mn
At the Mongolian People's Party (MPP) National Committee meeting held last Wednesday, a decision was made to remove the Democratic Party from the government. During that meeting, Prime Minister L. Oyun-Erdene stated, "The Democratic Party has seriously breached the agreement. From an ethical standpoint, if we do not cooperate with them, we must resign from our positions." Now, at the regularly scheduled Cabinet meeting taking place today, the draft resolution on "expressing confidence in the coalition government" was unanimously supported by all ministers and will be submitted to Parliament for discussion.
L. Gantomor: The Democratic Party Will Leave the Government
Published: 2025-05-28 | Translated from: isee.mn
At the regular Cabinet meeting, the resolution on whether to express confidence in the "coalition government" was unanimously supported by the ministers and decided to be discussed in parliament. In relation to this issue, the position of L. Gantomor, the chairman of the Democratic Party (DP), was sought. He stated: "A decision was made at the Mongolian People's Party's (MPP) Conference for the DP to withdraw from the government. Therefore, there is no question of the DP continuing to work in the government. There are two ways this could happen: either the Prime Minister must dismiss our party’s eight ministers and replace them, or our party’s eight ministers must submit their resignations. When discussing this, the Prime Minister says he will bring the matter to parliament. Thus, in parliament, only the Prime Minister’s issue will be discussed, not the matter of the coalition government. Since the MPP’s Conference, I have met several times with the Prime Minister and the leader of the HUN Party. The DP will respectfully accept the decision. There will be no turning back. The Prime Minister spoke about what decision he was going to make at the latest Cabinet meeting. Now there are two options: one is to submit a resignation, or to consider the vote of confidence. On this issue, 126 members of parliament will meet and make a decision. Another issue is whether the DP stays in the government or not. The DP has put an end to this issue by stating that it will not remain in government. When explaining the reasons for withdrawing from the coalition, it’s only a matter of providing clarifications, and staying is not being discussed at all. Therefore, the only demand being made is for the Prime Minister to come to the DP parliamentary group and discuss the matter in detail."
Economy
REPORT: The Bank of Mongolia Significantly Reduces Foreign Currency Supply, Raises Exchange Rate, Causing the USD to Reach 3600 and the Yuan to Hit 501 MNT, Triggering an "Economic Red Light"
Published: 2025-05-28 | Translated from: isee.mn
According to the National Statistics Office, as of April 2025, the Mongolian tugrik (MNT) to US dollar (USD) exchange rate reached 3,541 MNT per USD, marking a depreciation of 165 MNT from a year earlier. The tugrik also weakened by 355 MNT against the euro, by 6 MNT against the ruble, and by 18 MNT against the yuan. Meanwhile, the Bank of Mongolia, whose main duty is to maintain a stable exchange rate for the tugrik, has attributed the depreciation to inflationary pressures and increased imports. To investigate the reason for the rising exchange rates, we visited the "Naiman Sharga" currency market yesterday. VIDEO: -COMMERCIAL BANKS FAIL TO MEET THE MARKET DEMAND FOR CASH TRANSACTIONS- At the "Naiman Sharga" market yesterday, the US dollar was bought at 3,593 MNT and sold at 3,598 MNT. The yuan was bought at 499 MNT and sold at 501 MNT, while the euro was bought at 4,070 MNT and sold at 4,085 MNT. A currency trader at the market commented, "The main problem is that commercial banks are not able to ensure enough cash transactions. Nowadays, people travel a lot and ask for Swiss dollars, Australian dollars, or euros, but commercial banks do not have them and simply refuse. The only currency with reasonable circulation is the yuan, which we have to actively chase, place orders, and compete fiercely to obtain. This makes the currency market 99 percent dependent on the activities of commercial banks. The Financial Regulatory Commission claims that we, the currency traders, are raising the rates. However, the Bank of Mongolia sells foreign currency weekly, but commercial banks buy it up and hold onto it, only to re-sell it at higher rates and gain profit from the difference." -"BANK OF MONGOLIA" TENDS TO SHIFT BLAME TO "NAIMAN SHARGA" WHEN SUPPLY TIGHTENS AND PRICES RISE- Another source noted, "As long as there is demand, the exchange rate rises alongside it. If commercial banks had more foreign currency, people wouldn't need to ask us. 'Khan Bank' rarely releases foreign currency, while 'Golomt Bank' is a bit better. If you go to 'Golomt Bank' and ask for currency, they only allow 1,000 or 2,000 USD per person, citing a 50 million limit. When foreign currency becomes slightly scarce, the Bank of Mongolia sells at higher prices and shifts the blame to 'Naiman Sharga'. Also, since coal exports have stalled, foreign exchange inflows have dried up—a fact everyone is aware of." As mentioned, with China’s steel production stagnant, Mongolia’s trade with China in the first four months of 2025 amounted to $5.1 billion—a drop of $695 million from the previous year. The main driver for this decrease was a $1.2 billion fall in coal exports, according to official sources. -MINERAL EXPORT DECLINE CAUSES BANK OF MONGOLIA INTERVENTION TO DROP TO $17 MILLION- The decline in mining export revenue has also affected the Bank of Mongolia's interventions. Specifically, on April 22, 2025, the Bank of Mongolia last traded $113 million at a rate of 3,568 MNT per USD on the open market. Since then, the amount of USD sold by the Bank of Mongolia has continued to decrease, dropping to just $17 million at 3,572 MNT per USD on May 15, 2025. Moreover, at the start of the year, the official exchange rate was 3,420 MNT per USD, but today it stands at 3,573 MNT—a rise of 153 MNT. All of this indicates that the demand for foreign exchange in the market cannot be met by the Bank of Mongolia and the government. As a result, exchange rates for all major currencies—particularly the US dollar, the yuan, and the euro—continue to rise steadily, triggering an "economic red light."
Mongolia and Turkey Express Commitment to Elevate Trade and Economic Cooperation to a New Level
Published: 2025-05-28 | Translated from: montsame.mn
Member of Parliament S. Zulpkhar, head of the Mongolia-Turkey Parliamentary Group in the State Great Khural (Parliament), and group member D. Bum-Ochir today met with Her Excellency Ms. Basak Genc Yuksel, Ambassador Extraordinary and Plenipotentiary of the Republic of Turkey to Mongolia. At the outset of the meeting, MP S. Zulpkhar congratulated the Ambassador on her appointment at a time when the two countries are on the threshold of advancing their strategic partnership, wished her success, and conveyed the greetings of the Speaker and Deputy Speaker of the Parliament. He emphasized the importance of inter-parliamentary cooperation in expanding the friendly relations between Mongolia and Turkey in the fields of politics, economy, education, culture, and humanities. On the occasion of the 55th anniversary of the establishment of diplomatic relations, he noted the official visit of the President of Mongolia U. Khurelsukh to the Republic of Turkey, which upgraded the bilateral ties to a Comprehensive Partnership and set the goal of further developing the Strategic Partnership, particularly by elevating trade and economic cooperation to a new level. As the head of the Mongolia-Turkey parliamentary group, he expressed a commitment to actively work on fulfilling the outcomes of the visit, making concrete progress, increasing trade turnover between the two countries, and improving the investment environment. Ambassador Basak Genc Yuksel expressed her gratitude for the meeting and noted that the visit of the Mongolian President had opened a new chapter in bilateral relations. She welcomed the increase in the frequency of high-level visits between the two countries. She further emphasized that, given the deep-rooted historic and cultural ties and the longstanding friendly relations between the two countries, there are great untapped opportunities to diversify cooperation in the fields of trade and the economy. The Ambassador also highlighted the growing interest of Turkish businesses and the private sector in investing in and collaborating on projects and programs in Mongolia. She affirmed that efforts would be made to increase investments and deepen relations with economic content, utilizing all available resources for mutually beneficial cooperation. During the meeting, it was noted that the Turkish Cooperation and Coordination Agency (TIKA) has implemented more than 870 projects in Mongolia worth over USD 50 million in the past 30 years. MP S. Zulpkhar highlighted TIKA’s significant contribution to active bilateral cooperation and socio-economic development. He also mentioned that during this period, a total of 2,500 Mongolian students have studied in Turkey under Turkish government scholarships and are now contributing to various sectors, thereby serving as a bridge in people-to-people relations. MP D. Bum-Ochir emphasized the importance of further strengthening cooperation in education, as well as implementing phased, practical initiatives to advance relations in the fields of history, archaeology, culture, and humanities. At the conclusion of the meeting, both sides agreed that inter-parliamentary cooperation is an essential factor in consolidating and strengthening the relations that have reached the level of a strategic partnership between the two countries and in expanding them with tangible results, as reported by the State Great Khural’s Press Office.
Mongolian Beer on the Global Stage: “Altan Gobi” Beer Now Available at South Korea's E-Mart 24 Chain
Published: 2025-05-28 | Translated from: ikon.mn
A new chapter has been written in Mongolia's beverage industry. The prestigious, high-quality beer brand "Altan Gobi" of APU JSC has officially begun being sold in South Korea's E-Mart 24 convenience store chain from May 1, 2025, marking a significant achievement for Mongolia's foreign trade and national brand export. This event is not just about the export of a single product, but a strategic step demonstrating how Mongolia's beverage industry has become competitive in international markets, and how national production has reached global standards. E-Mart 24 is one of South Korea's major retail players, with over 8,000 branches nationwide, providing daily necessities as a 24-hour convenience store network. With "Altan Gobi" beer now officially sold through this network, Mongolia's premium beer brand is beginning to establish an independent presence in the world market. The international journey of the "Altan Gobi" brand did not begin only at this moment. Since June 2022, the brand has been consistently sold in over 13,000 branches of GS25, South Korea’s largest convenience store chain, which is a strong testament to its quality and the trust of consumers. Mongolia is pursuing a strategy to increase exports of processed food and products beyond its traditional livestock and mining sectors. In this context, it is important to note that the “Altan Gobi” brand is not only exporting products, but also competing through branding tailored to local cultures, consumer communication channels, advertising, and cooperative strategies in the foreign market. “Altan Gobi” is a product created from the unique fusion of Mongolia’s climate, natural ingredients, tradition, and advanced technology, attracting global consumers with its unique taste and meaningful name. The brand name reflects the historical heritage of the Silk Road and the vast Mongolian Gobi, which also helps to highlight the product’s cultural aspects. By successfully establishing a presence in world-class chains like E-Mart 24 and GS25, APU JSC has irreversibly entered the foreign market as a national producer. This achievement sets new standards in key areas such as foreign trade policy, product diversification, added value in processed food exports, and the international competitiveness of national brands. Looking ahead, APU JSC aims to enter markets in East Asian countries and some parts of Europe, increasing both the scale and quality assurance of Mongolia’s food exports. Today, global consumers value not only taste and quality when choosing products, but also the story, values, and culture behind the brand. Thus, “Altan Gobi” beer is entering the everyday lives of international consumers, ushering in a new era for the development of Mongolia’s national manufacturing and foreign trade. Notice: Media organizations (television, radio, social and web pages) are strictly prohibited from using our information in part or in full in any form, except by agreement and only with proper citation of the source (ikon.mn).
CALCULATION: Since L. Oyun-Erdene became Prime Minister in 2021, the prices of staple food products have increased by 70-180%
Published: 2025-05-28 | Translated from: ikon.mn
The issue related to "luxurious lifestyle" involving Prime Minister L. Oyun-Erdene's son, O. Temuulen, has sparked public outrage, and citizens are currently protesting in Sukhbaatar Square demanding his resignation. In addition, by decision of the MPP's Executive Council, the Democratic Party is to be removed from the joint government established following the results of the 2024 regular parliamentary elections. Discussions about whether L. Oyun-Erdene will resign are ongoing, and today he submitted a draft resolution of confidence in himself to the Parliament. L. Oyun-Erdene was appointed as Mongolia's 32nd Prime Minister with the support of 87.9% of the Parliament. He continues to serve in this position. Let us provide information on how the prices of food products used daily by citizens have changed over this period. Price increase of staple food products during L. Oyun-Erdene's term as Prime Minister: There are eight types of food products whose prices have increased by more than 100%. These include: - The price of 1 kg of imported round onions has risen by 185% since 2021—the highest increase. The price was 1,691 MNT and now it has increased to 4,820 MNT.
- 1 kg of carrots cost 1,562 MNT; as of this week, its price is 4,080 MNT, an increase of 161.2%.
- The price of 90g packaged green tea has increased by 157% from 1,572 MNT to 4,040 MNT.
- 250g of butter increased by 121% from 4,273 MNT to 9,457 MNT.
- 1 kg of beets increased by 101.5% from 2,343 MNT to 4,720 MNT.
- 300g rye black bread increased by 104.2% from 1,217 MNT to 2,485 MNT.
- 600g unsliced bread increased by 101.8% from 1,699 MNT to 3,286 MNT.
- 1 kg of top-grade flour increased by 102.5% from 1,566 MNT to 3,171 MNT over the past five years. During this period, the product with the lowest increase—only 30.7%—is white rice. The price for 1 kg of white rice was 3,671 MNT and has reached 4,798 MNT as of this week. 1 kg of mutton with bone was 9,261 MNT; as of this week, it has increased by 85.1% to 17,143 MNT. The price of one liter of loose cow's milk during this time has increased by 98%, from 2,000 MNT to 3,960 MNT. CALCULATE YOUR OWN CONSUMPTION IN A SHOPPING CART!
Consumers can add their household's main weekly products to the cart and compare how much they would have paid in November 2018 versus how much they would pay now. Long lists of specific product prices and their evolution over time follow, showing increases for various food staples including flour, bread, rice, meats (sheep, beef, horse, goat), milk, dairy, oils, sugar, eggs, apples, potatoes, carrots, cabbage, onions, and more. Note: Media organizations (TV, Radio, Social, and Web pages) are strictly prohibited from using our information fully or partially in any form. Only with prior consent and by quoting the original source (ikon.mn) may it be used.
Standing Committee Members Support 30-Year $47 Million Loan Agreement
Published: 2025-05-28 | Translated from: ikon.mn
At today's session of the Standing Committee on Security and Foreign Policy of the State Great Khural, lawmakers discussed the draft law on the ratification of the Loan Agreement between Mongolia and the International Bank for Reconstruction and Development for implementing the "Energy-3 Project." The Minister of Energy, B. Choijilsuren, presented details on the draft law. The "Energy-3 Project" Loan Agreement between Mongolia and the International Bank for Reconstruction and Development was discussed and supported by the Standing Committees on Economy, Budget, and Security and Foreign Policy on January 13, 2025. Based on the seventh order of the Prime Minister of Mongolia in 2025, the loan agreement was signed on February 5, 2025. The project is included in the list of development projects implementing the "New Revival Policy" operational program and aligns with Mongolia’s long-term development policy, "Vision-2050," as well as the Government's Action Program for 2024-2028. Within the project framework, the capacity of the existing Baganuur-Choir overhead power transmission line will be increased by making it a double-circuit 220kV line and expanding the Baganuur and Choir substations, which will ensure reliable and stable power supply in the region as electricity demand continues to grow daily. The $47 million loan to be provided by the International Bank for Reconstruction and Development has a term of 30 years, with a 5-year grace period for the principal, and carries a variable interest rate of SOFR plus 1.44% margin. During the discussion, members of parliament asked questions and received answers. For example, MP N. Naranbaatar noted that electricity consumption is growing year by year and inquired whether the work had been studied for completion through a partnership of national enterprises or public-private partnership, without taking out loans. He commented that as major projects are implemented in the Gobi region, electricity demand is increasing; currently, three soums in the western part of Umnugovi province are receiving electricity from China, and power outages that inconvenience customers are frequently occurring there. Thus, he proposed connecting those soums to the provincial power grid and asked whether this could be resolved through next year’s budget investment or loan funding. Minister of Energy B. Choijilsuren responded that the project will increase the capacity of the existing Baganuur-Choir overhead power transmission line to a double-circuit 220kV line and expand the Baganuur and Choir substations. If this project is implemented, it is planned to subsequently build a double-circuit 220kV transmission line from Shand to Tsagaan Suvarga, as sources of funding are becoming clear. The Government of Mongolia has already signed an agreement to supply 1.3 billion kWh of electricity annually from the central grid to the "Oyu Tolgoi" project. In addition, many renewable energy projects are being implemented in the Gobi region, with possibilities to transmit this power to the central region. He explained that private companies do not find it feasible to invest in power transmission lines and recover their investments profitably, which is why the government has reached a conclusion that the construction of power transmission infrastructure must be financed through loans. This has been discussed with the standing committees on budget, economy, security, and foreign policy, and thus it is brought forward today. It was highlighted that Gurvantes, Noyon, and Sevrei soums of Umnugovi province currently receive expensive electricity from China. It is almost 1,000 kilometers from the central region to Gurvantes, and calculations show high transmission losses, making it inefficient. However, when the Dalanzadgad 50MW power plant comes online, it will be possible to construct the substations and transmission lines to those three soums. Relevant studies are being conducted. MP Kh. Jangabyl noted that upon the implementation of the project, six provinces—Govisumber, Dornogovi, Dundgovi, Umnugovi, Sukhbaatar, and Khentii—and 90 soums, as well as over 100 mining companies, will have reliable power supply. He asked about the timeline for the construction of the high-voltage line from Choir to Sainshand, and beyond Sainshand to Zamyn-Uud. He also inquired about the construction schedule for transmission lines from Erdeneburen hydropower plant to Myangad soum, and from there to Uliastai. Minister of Energy B. Choijilsuren answered that work is ongoing on the Choir-Sainshand line. For the extension from Sainshand to Zamyn-Uud, a study is underway on the projected demand increase. The Erdeneburen hydropower project is planned to be completed and commissioned in 2029 and is being built with funding from China’s Exim Bank. There is an urgent need to build a double-circuit 220kV transmission line from Erdeneburen to Myangad using state budget funds. The Myangad-Uliastai line would be over 400 kilometers and cost over $100 million. Negotiations with the Asian Development Bank have started but been delayed. After lawmakers asked questions and expressed their positions, a vote was taken. As the majority of participating members supported the draft law, it was decided to present the standing committee’s proposal and conclusion to the plenary session, reported the Press and Media Department of the State Great Khural. Warning: Media organizations (TV, Radio, Social, and Web pages) are prohibited from using our material in any form, completely or partially, unless agreed upon, and must cite the source (ikon.mn) when using it.
Inflation Will Be Kept at 7 Percent Next Year
Published: 2025-05-28 | Translated from: montsame.mn
At today's meeting of the Standing Committee on Budget of the State Great Khural, the final discussion was held on the draft law on the fiscal framework statement of the unified budget of Mongolia for 2026, the budget projections for 2027-2028, and the accompanying draft resolutions. According to the law, the parliament discusses and approves the draft of strategic documents and the medium-term fiscal framework statement by June 1 of each year. The draft law projects economic growth at 6 percent in 2026 and at 6.5 percent in both 2027 and 2028. The draft also sets inflation at 7 percent in 2026, 6.4 percent in 2027, and 6 percent in 2028. Measures to reduce inflation include comprehensive reforms in the agricultural sector, stable increases in food supply, increasing national foreign currency reserves, and limiting the expansion of budget expenditures.
Business Strategy and Growth Based on Leadership
Published: 2025-05-28 | Translated from: isee.mn
The Incubator Center of State Bank, in cooperation with the National University of Mongolia's Science and Technology Ulaanbaatar Park, is ready to launch a 4-week nurturing program entitled "Business Strategy and Growth Based on Leadership" aimed at women entrepreneurs. By participating in this program, you will not only gain comprehensive knowledge about strategic planning, sales strategies, financial management, organizational management, digital transformation, social marketing, leadership, and intellectual property, but we will also support you in applying your new knowledge and experiences to your organization's operations. In addition to receiving a certificate for successfully completing the program, participating entrepreneurs will have the opportunity to apply for household and start-up business loans from State Bank. Registration closes at 17:00 on May 27, 2025. Registration link: https://docs.google.com/.../1FAIpQLSe-ZgL23.../viewform... The training program will be sent to the email address you registered with. For more information, contact: 7505 1881
Although It Was Announced That the Price of AI-92 Fuel Decreased by 100 Tugriks, the Actual Price Remains at 2590 Tugriks
Published: 2025-05-28 | Translated from: isee.mn
Last week, on Friday, the prices of AI-92 and A95 fuels in Ulaanbaatar increased by 200 tugriks, reaching 2590 tugriks. The Ministry of Industry and Mineral Resources issued a statement on this matter, announcing that "enterprises increased fuel prices without justification." Furthermore, according to the Mineral Resources and Petroleum Authority, after discussions with businesses about the price increase of AI-92 fuel, some companies have started to reduce the price of gasoline by 100 tugriks. However, as of yesterday, at the "Tes" fuel station branch at Bayangol roundabout, the price of AI-92 gasoline remained at 2590 tugriks.
Cooperation with Italy within the Framework of the 'White Gold' National Movement
Published: 2025-05-28 | Translated from: montsame.mn
As part of the "White Gold" national movement initiated by the President of Mongolia, B. Davaadalai, the President's Economic Policy Advisor, today received Giovanna Piccarreta, Ambassador Extraordinary and Plenipotentiary of Italy to Mongolia. During the meeting, the sides exchanged views on effective cooperation in areas such as attracting investment from Italy—a world leader in the development of the wool, cashmere, and leather sectors—into Mongolia's light industry, improving processing levels, providing equipment, training and retraining personnel, expanding markets, and increasing exports. They also agreed to work together on connecting domestic producers with major Italian brands, supporting the conclusion of contracts, and regularly involving Mongolian producers collaboratively in trade expos and fashion shows.
Mr. Ronil Sujan Appointed as Independent Board Member of Golomt Bank
Published: 2025-05-28 | Translated from: isee.mn
At the regular meeting of Golomt Bank's shareholders, Mr. Ronil Sujan, a citizen of Singapore, was newly appointed as the fifth independent member of the Board of Directors. With this, the majority of Golomt Bank’s Board of Directors now consists of independent members. This development further strengthens the board's independent decision-making, good governance, and accountability, serving as a guarantee for the bank’s long-term, stable, and profitable operations. Mr. Ronil Sujan is an accomplished specialist with more than 30 years of extensive experience in banking, finance, investment, and business, and is known as an effective strategist. He has held senior management positions in globally renowned organizations such as Rabobank and NM Rothschild, and has led multi-billion dollar M&A and capital market transactions in the Asia-Pacific region. He also successfully founded Rabobank India Finance, recognized by Bloomberg as one of India's best financial institutions. Furthermore, he is the founder and CEO of the Singapore-based Raaga Holdings Pte Ltd, and as a director of Omnivore Partners and Mega Delta Capital, he has accumulated vast expertise in various types of investments and venture development, as well as rich experience in financial services, real estate, and technology sectors. Mr. Ronil Sujan also serves as a lecturer and mentor at leading global academic and governance institutions such as Singapore Management University, INSEAD, and the Asian Institute of Management, where he teaches sustainable finance, business management, and innovation. The board’s leadership is of utmost importance for the bank’s future sustainable growth and profitability, and having a majority of independent directors is not only a first in the banking sector, but also positions Golomt Bank's Board as a balanced and diverse team of leaders by skillset. We believe this is a perfect choice to foster international-standard governance and support strategic development.
SELENGA: Diesel prices decrease, gasoline prices increase
Published: 2025-05-28 | Translated from: montsame.mn
In Sukhbaatar, the price of diesel fuel and meat has decreased, while the price of gasoline has increased in Selenge province. At the central food market and trading centers in Selenge aimag, the prices of milk and meat on sale have dropped again. Compared to the previous week, beef has dropped from 17,000-16,500 togrög to 16,500 togrög, goat meat from 11,500-11,000 togrög to 11,000 togrög, milk from 3,300-3,000 togrög to 3,000 togrög, sugar from 3,900-3,867 togrög to 3,867 togrög, and diesel fuel from 3,230-3,030 togrög to 3,030 togrög. However, A-80 gasoline has risen to 2,480-2,680 togrög, and A-92 gasoline to 2,500-2,700 togrög. First-grade wheat flour from Altan Taria is stable at 2,300 togrög per kg, white rice at 3,750 togrög per kg, and mutton at 14,000 togrög per kg.
Non-Banking Financial Institutions' Issued Debentures Increase by 79.4%
Published: 2025-05-28 | Translated from: unuudur.mn
According to the Financial Regulatory Commission, there are 575 non-banking financial institutions (NBFIs) with special licenses that were operating in the first quarter of 2025, which is an increase of 8.3% compared to the same period last year. Of these, 95.1% are domestic, while the remaining 4.9% have foreign investment. The foreign-invested NBFIs account for 12.6% of the sector’s total assets and serve 5.8% of all clients. Currently, 48.7% of the total assets of all NBFIs in Mongolia come from liabilities, while 51.3% come from equity. Compared to 2024, the sources from trust services increased by 57.6%, and funds borrowed from banks and financial institutions doubled, while debentures issued by NBFIs grew by 79.4%. The total assets of non-banking financial institutions now amount to 8.9% of Mongolia’s gross domestic product. The sector’s total loans have reached 6 trillion 325 billion 300 million tugriks, which is an increase of 2.2 trillion tugriks compared to the same period in 2024, and a rise of 4.4 trillion tugriks compared to 2021.
The Remaining Ready Apartments Will Be Processed Quickly Through 6% Mortgage In 7-14 Business Days
Published: 2025-05-28 | Translated from: ikon.mn
One of the essential needs in human life is housing, and the most effective and realistic solution for purchasing it is a mortgage loan with favorable conditions. These loans are granted for apartments that have been accepted by the State Commission, registered in the state property registry, and certified with real estate ownership certificates. The demand among citizens for long-term mortgages with the lowest interest rate is increasing day by day. Now, the Active Garden project has commissioned its third phase buildings, numbers 505 and 506, right on schedule, and is providing 6% mortgage loans for the few available ready-to-move-in apartments. You can obtain the lowest interest mortgage quickly for ready apartments and become the owner of a business-class residence. The Active Garden project is a pioneering development in the construction sector, bringing a new look and a fresh atmosphere to a new residential district, planned and built according to international standards. 70% of the total area is dedicated to public space, with landscaped green areas and playgrounds tailored by age group, along with the unique advantage of planning a state school with the Cambridge curriculum within the township. Location of the project: Khan-Uul District, 8th Khoroo, New Residential Area, Business-class Active Garden project. For more information, please call 7555-5500. Warning: Media organizations (TV, radio, social and web portals) are strictly prohibited from using our information in any way, fully or partially, unless specifically agreed upon, and must mention the original source (ikon.mn) if used with permission.
Diplomacy
President of Turkmenistan Serdar Berdimuhamedov to Pay a State Visit to Mongolia on June 1-2
Published: 2025-05-28 | Translated from: ikon.mn
At the invitation of President U. Khurelsukh of Mongolia, President Serdar Berdimuhamedov of Turkmenistan will pay a state visit to Mongolia on June 1-2, 2025. This visit will be the first state visit at the presidential level from Turkmenistan since the establishment of diplomatic relations between Mongolia and Turkmenistan in 1992. It is also a reciprocal visit following the state visit of President U. Khurelsukh to Turkmenistan in 2024. During the visit, President U. Khurelsukh of Mongolia and President Serdar Berdimuhamedov of Turkmenistan will hold official talks and exchange views on expanding and developing friendly relations and cooperation, as well as on regional and international collaboration. According to the Presidential Office, Mongolia and Turkmenistan established diplomatic relations on April 23, 1992. Notice:
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The State Visit of the President of the Republic of Austria Concludes
Published: 2025-05-28 | Translated from: ikon.mn
At the invitation of the President of Mongolia, U. Khurelsukh, the President of the Republic of Austria, Alexander Van der Bellen, has concluded his state visit. During the visit, the two heads of state held official talks and informed representatives of the media about the outcomes. During the discussions, they agreed to deepen their relationship based on shared values of democracy, human rights, and the rule of law, and to expand cooperation in the fields of politics, economy, education, and science. The two sides agreed to broaden collaboration in areas such as the effective implementation of Mongolia's "Vision-2050," the national "Billion Trees" movement, the "Ilgeelt-2100" scholarship program, as well as in infrastructure, agriculture, healthcare, combating climate change, tourism, technology, and student exchange. This state visit, the first by an Austrian president since the establishment of diplomatic relations 62 years ago, resulted in the issuance of a "Mongolia-Austria Joint Declaration," which was considered a significant impetus for the comprehensive development of relations and cooperation. During the visit, ten documents were signed between governments and organizations. Notably, a "Social Protection Agreement" was signed to ensure social security for citizens of both countries, create favorable working and living conditions, and lay the legal foundation for receiving pensions for periods for which social insurance contributions were paid in either Mongolia or Austria. It was also agreed to continue previous financial cooperation and increase investment in the health and education sectors. Further cooperation will be developed in the fields of mining, innovation, energy, minerals, cyber security, science, music, culture, and the arts. At the "Round Table Business Meeting" organized jointly by the Mongolian National Chamber of Commerce and Industry and the Austrian Federal Economic Chamber, about 80 Mongolian and 22 Austrian companies from seven sectors participated. The parties agreed to collaborate in the fields of light industry, food, healthcare, green business, railways, and construction, opening up opportunities to attract investment from Austria in the light industry sector and to export products. The Minister of Foreign Affairs B. Battsetseg, the Ambassador Extraordinary and Plenipotentiary of Austria to Mongolia Andreas Riecken, and other officials bid farewell to President Alexander Van der Bellen of the Republic of Austria at Chinggis Khaan International Airport. Notice: Media organizations (television, radio, social and web pages) are prohibited from using our information in any form, either in full or in part, and may only use it with the source (ikon.mn) cited and by prior agreement.
Mongolia Participates in China's International ‘Heavy’ Category Search and Rescue Evaluation
Published: 2025-05-28 | Translated from: montsame.mn
According to the International Search and Rescue Advisory Group's (INSARAG) guidelines, the international external re-evaluation for the "Heavy" category of search and rescue teams is currently being held in Beijing, People's Republic of China. Mongolia is participating in this event, represented by Lieutenant Colonel B. Ganbold, Head of the Earthquake and Urban Search and Rescue Operations Division of the National Emergency Management Agency (NEMA), as well as Senior Specialist and Senior Lieutenant B. Gerelzaya from the same division. It is notable that China's internationally accredited "Heavy" Urban Search and Rescue (USAR) team is undergoing this external re-evaluation for the third time since 2009. The event, held from May 25th to 30th, includes 19 representatives granting "Heavy" classification from countries such as Oman, Russia, Australia, Belarus, Norway, New Zealand, the UK, Germany, France, Malaysia, Singapore, Qatar, Switzerland, and South Korea, as well as 25 observers from 8 different nations, according to information from NEMA.
The Ministry of Foreign Affairs has started providing necessary support for a Mongolian citizen with speech and hearing disabilities who has been detained in the US for 80 days
Published: 2025-05-28 | Translated from: isee.mn
We previously reported that a Mongolian citizen with speech and hearing disabilities has been detained for more than 80 days in a US detention center. Specifically, US media outlets have reported that a Mongolian man who is deaf and mute has been held for over 80 days in the Otay Mesa detention center in the United States. The detained Mongolian citizen arrived in the US in February and expressed his intention to seek asylum, but due to language barriers with Border Protection officers, he was handed over to Immigration and Customs, who then took him to the Otay Mesa detention facility. Authorities have deemed it safe to return him to Mongolia and are planning to deport him soon, but his lawyer, Montagone-MacKillip, has submitted a petition to the federal court to prevent his deportation. When we sought clarification from the Ministry of Foreign Affairs about this case, they stated, "We received information about the citizen through the Consulate General in San Francisco. We are working to provide the necessary support to this citizen."
Chairman of the Standing Committee on Social Policy of the State Great Khural L. Enkhnasan Meets Ambassador Fiona Blyth
Published: 2025-05-28 | Translated from: montsame.mn
In Ulaanbaatar, the Chairman of the Standing Committee on Social Policy of the State Great Khural, L. Enkhnasan, received Ambassador Extraordinary and Plenipotentiary Fiona Blyth of the United Kingdom of Great Britain and Northern Ireland. Chairman L. Enkhnasan emphasized that the friendly relations and cooperation between the two countries are successfully expanding in all fields. He introduced that within the scope of its responsibilities, the Standing Committee on Social Policy of the State Great Khural is paying special attention to supporting employment, improving the health and social protection systems, and is working on developing relevant decisions and draft laws. He highlighted the committee's focus on refining the performance-based financing system in the health sector, preventing diseases among the population, protecting mental health and public psychology, improving emergency services, and paying special attention to men's health and education. He proposed to learn from the UK's good practices in these areas and to encourage mutual learning and experience exchange. Ambassador Fiona Blyth underlined the importance of inter-parliamentary cooperation in the bilateral relationship and expressed her commitment to further expand and deepen mechanisms for both bilateral and multilateral relations, according to the Information Office of the State Great Khural.
Infrastructure
MIAT JSC to Launch Direct Flights to Hohhot Starting from June 6 Next Month
Published: 2025-05-28 | Translated from: ikon.mn
The National Airline of Mongolia, MIAT JSC, continues to expand its international flight destinations. Specifically, starting from June 6, 2025, MIAT has announced the launch of regular direct flights to Hohhot, the capital of China's Inner Mongolia Autonomous Region, every Wednesday, Friday, and Sunday. Experts in the industry emphasize that this new route will significantly contribute to the development of trade, tourism, and cultural relations between Mongolia and China. Flight schedules and ticket information for the Hohhot route can be found on the official MIAT website, Facebook page, through the information hotline at 11-333-999, ticket sales centers, and passenger ticket agents. Source: MIAT JSC Note: Media organizations (TV, radio, social media, and websites) are prohibited from using our information in whole or in part without permission and must credit the source as (ikon.mn) if used upon agreement.
Direct Flights to Hohhot Will Operate on Wednesdays, Fridays, and Sundays Starting June 6th Next Month
Published: 2025-05-28 | Translated from: isee.mn
MIAT Mongolian Airlines, the National Air Carrier of Mongolia, is expanding its international flight routes and will begin regular direct flights to Hohhot, the capital of Inner Mongolia Autonomous Region, People's Republic of China, starting June 6, 2025. The flights will operate every week on Wednesdays, Fridays, and Sundays. This new route is expected to make a significant contribution to the growth of trade, tourism, and cultural relations between Mongolia and China.
US Company to Advise on the Natural History Museum Project
Published: 2025-05-28 | Translated from: news.mn
Construction of the “Chinggis Khaan” museum began in May 2020 on the site of the old Natural History Museum and was completed and opened in 2022. Meanwhile, the Natural History Museum, which had its building demolished and land repossessed, is planned to be relocated and rebuilt at Ikh Tenger Valley. Work on the new building of the Natural History Museum has already started on a 6.6-hectare site in Ikh Tenger Valley and is reported to be 50% complete, according to the relevant ministry. Furthermore, to develop the new museum as a participatory cultural and scientific center and as a hub supporting the education of children and youth, an agreement has been reached to cooperate with the US international consultancy "Lord Cultural Resources". The company will carry out four packages of work: Package 1: Recommendations on the museum's concept and organizational strategy review.
Package 2: Evaluation and recommendations on the museum building's spatial design.
Package 3: Research and development for defining the content of the museum’s exhibitions.
Package 4: Exhibition design plans and investment estimates. The new museum will have a total area of 39,000 m² across three blocks and is planned for commissioning in 2027. It was previously reported that "Sodon Nomin" LLC was selected as the contractor for the construction, and work has begun. The design project was completed by a company called “Khatanbaatar” in March 2020 and was handed over to the former Ministry of Education, Culture, Science and Sports, according to officials. The groundbreaking ceremony for the new building of the National Museum of Natural Science took place at Ikh Tenger a year ago, on September 5, 2024. The event was attended by the President of Mongolia, U. Khurelsukh, Chief of Staff G. Zandanshatar, Cabinet Secretariat Chief N. Uchral, Minister of Culture, Sports and Tourism Ch. Nomin, along with other ministers and officials. During the event, it was highlighted that a modern museum, ranking seventh in Asia, would be built. The basic 140-meter-long and 56-meter-wide building framework for the museum was previously constructed by "Shinehen Group" LLC with a total investment of 25 billion MNT. This company, through Japanese investment, had previously planned to build a hotel and tourism complex for the ASEM Summit and was granted 7.4 hectares of government-protected land for five years. The museum complex tender was canceled five times and construction was delayed for four years. Initially, the projected budget for the complex was 94.4 billion MNT, but it was later approved at 120 billion MNT. Specialists reported that the most recent budget increased to 138 billion MNT. The new Natural History Museum complex will consist of three sections, with a total of 12 types of halls and 540 parking spaces. It will also have the potential to generate revenue from eight different sources, as previously highlighted by former director N. Zorigbaatar. He noted, “The Natural History Museum’s collection contains about 13,000 exhibits. When the new complex is completed, the exhibits will be ready for display. The land area is being expanded twentyfold from the old museum's 0.5 hectares to 6.6 hectares, and the pure exhibition area will reach 40,000 m².” THE NATURAL HISTORY MUSEUM MERGED INTO THE DINOSAUR MUSEUM
By Resolution No. 281 of July 3, 2019, the government decided to dissolve the Dinosaur Museum and merge it with the Natural History Museum. As a result, the two museums were unified. On August 1, 2019, the Dinosaur Museum was dissolved, and its collection and staff were transferred to the Natural History Museum. The museum's director N. Zorigbaatar retired, and his successor, I. Budbayar, formerly the head of department at the National Museum of Mongolia, was appointed. Former director N. Zorigbaatar stated, “Since Mongolians have not previously undertaken such a large-scale cultural development, involving Korea, Japan, and China would result in higher quality.” However, the current director, I. Budbayar, holds the position that, “It is entirely possible for a Mongolian company to construct the museum building. But it is appropriate to involve international specialists for the museum's dedicated special-purpose sections.”
Support National Companies and Let Mongolians Build the Selbe Subcenter Project Instead of the Chinese. Trust Us!
Published: 2025-05-28 | Translated from: ikon.mn
The Mongolian Construction Workers Union held a press conference today regarding issues with the tender selection process for the Selbe Subcenter project. Specifically, they opposed the awarding of a trillion-tugrik tender exclusively to a few Chinese companies and demanded the inclusion of Mongolian companies. As part of this issue, they delivered a second demand to government officials, announced plans to protest and even go on hunger strike for the interests of Mongolian companies. A representative from the Mongolian Construction Workers Union stated: "We have reviewed the situation and submitted a proposal to support national companies to the three highest state officials, five leading political parties, the Mayor of the City Kh. Nyambaatar, and other relevant persons. Of the fourteen top government officials we demanded action from, we have received responses from three today. President of Mongolia U. Khurelsukh investigated the matter and, in accordance with the relevant laws, forwarded the complaint to the Anti-Monopoly Agency as of May 15, 2025. This was the response from the President's office. We also sent an official letter to the Anti-Monopoly Agency. The next reply came from the Minister of Economy and Development, L. Gantumur. The reply to our demand, received on May 20, 2025, in summary, states: 'Construction of mega projects included in the government’s action plan has direct significance for Mongolia’s society and economy. Therefore, it is important to ensure opportunities for national companies to participate in accordance with related laws, norms, and standards, to involve them, to increase participation, and to reduce the criteria set for tender participants. Efforts must be made to open opportunities for national business entities to participate, to support them, and to ensure they have jobs and income.' This reply was delivered to our NGO. The above reply was also given to the Ulaanbaatar City Administration and other relevant entities. There is a reason why we are repeatedly making demands. This is not just a problem for construction workers or the construction sector alone. The funds for this project originate from the Mongolian side, backed by tax revenues from the city's residents. Moreover, building and developing the Selbe Subcenter as well as creating school and kindergarten infrastructure creates an opportunity for Mongolian enterprises to grow and rise. 'Mongolians can build the Selbe Subcenter project. Trust us!' Continuing on, 'We are at a critical time in our history where it is essential to implement a policy that keeps Mongolian businesses employed and earning, and to ensure state-private sector partnership. In the past, we have met with relevant officials of the Capital City Administration. We disagreed on some issues. Now, the Chinese companies have already won the tender. They say, "Let’s guarantee you 20% participation." In other words, they are offering to give domestic companies 20% of the work or supply of goods. Should we humbly thank them and be grateful for that 20%? We are not against the Chinese—everyone has a Chinese partner. The main point is, why can’t the state support national companies? This is our third press conference in a month. Please pay attention to what we are saying. We do not want to kneel before bosses or the Chinese. We are asking everyone involved in construction—from ordinary young workers and elders to company directors and state officials involved in the sector—to be patriotic. Please trust those who say they can do it and want to participate. Let us participate together in the Selbe Subcenter project. If there are companies that do not meet legal requirements or are in debt, we are saying that these should work as subcontractors—that is the initial situation. We are at a decision point: will two Chinese companies win a trillion-tugrik tender, or will Mongolian-eligible companies win that same amount of work? The city leaders should be wise and patriotic. When Mongolian companies have the ability to do the job, why do we go to foreign ones? Mongolians can build the Selbe Subcenter project. We are confident that Mongolian builders can do this. Let's leave room for the next generation of construction entrepreneurs. Let’s give opportunities to our young Mongolian builders,' they said. Warning
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KHUVSGUL: 21 MW Heating Plant Expansion to Be Commissioned in Autumn
Published: 2025-05-28 | Translated from: montsame.mn
To improve the centralized heating supply of Murun soum, an expansion of the heating plant with a capacity of 21 MW is being constructed with state funding of 19.6 billion MNT. Construction of this expansion began in April, and as of today, the project is 26% complete, with 70% of the equipment already procured. The construction is being carried out by "MEZ" LLC, and the plan is to fully complete the development by October 1st, allowing heating distribution to begin in parallel with the onset of the autumn heating season. Once this expansion is put into operation, the heating issues for households and organizations that have been experiencing difficulties due to heating supply disruptions over the last two years will be resolved, and residents will have better and more comfortable living conditions. The Khuvsgul heating plant currently provides heating energy to 2,813 households and organizations in Murun soum.
A Seminar on the Future of the Construction Sector, Green Buildings, and Integrated Thermal Insulation Systems to Be Organized
Published: 2025-05-28 | Translated from: ikon.mn
The seminar titled “Prospects of the Construction Sector and the Importance of Integrated Thermal Insulation Systems in the Structure of Green Buildings” is scheduled to be held on June 5, 2025, at the Blue Sky venue. By special invitation, Dr. Yoo Woo Hyun, Executive Director of the Korea Institute of Architecture Research, and Dr. Park Sung Hyo, Director of the Institute of Sustainable Architecture Research, will attend the event to deliver presentations on the rapid development of the construction sector in their country, as well as new technologies and development trends in the field. The seminar will mainly address methods and experiences relating to green buildings or energy-efficient structures, and will provide detailed introductions to the characteristics, differences, and analyses of thermal insulation materials. Representatives from government bodies that formulate and implement construction sector policy, professional associations, and leading enterprises in the sector will participate. This event is initiated by Pyramid Industry LLC, the pioneering insulation materials manufacturer in Mongolia, in collaboration with the Korea Institute of Architecture Research, the Institute of Sustainable Architecture Research, and Gurvan Maral Group LLC. The seminar stands out for its role in ensuring the participation of the private sector in shaping the policies and prospects of the construction industry and achieving tangible results. It is also significant for the opportunity it offers to learn about the impressive development trajectory of the construction sector in South Korea—one of Asia’s highly developed countries—through research and case studies, as well as to explore in depth the norms and rules of energy-efficient buildings and how these have been successfully implemented in practice. Notice
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Bicycles and Scooters Placed on Roads and Sidewalks Will Be Towed and Regulated
Published: 2025-05-28 | Translated from: isee.mn
A discussion was held to introduce proposed amendments to the Law on Road Traffic Safety. Regarding this, B. Ochirbat, the head of the Traffic Police Department, said, "On Car-Free Day, companies providing moped and scooter services were instructed to turn off their applications, but they did not comply. There is unofficial information that these companies earned about 80 million MNT within just a few hours. Therefore, in the future, within the framework of legal regulations, we plan to temporarily detain such vehicles. Bicycles and scooters that are placed on roads or sidewalks, or left in a way that restricts traffic, will be towed and regulated."
Camera Surveillance to Be Enhanced in Locations Where Heavy Cement Trucks Damage Roads
Published: 2025-05-28 | Translated from: ikon.mn
With exclusive permission, photos by MPA Agency were used. Each district of the capital city is focusing on cleaning and maintaining their respective areas, including washing and cleaning monuments, watering green spaces before road traffic increases, and intensifying landscaping efforts. In addition, although roads are being renovated, large cement transport vehicles are exceeding weight limits and damaging the roads. Therefore, surveillance cameras will be improved and responsibility will be enforced at these locations. For example, the Ulaanbaatar Road Maintenance Agency (UBZAA) stated that vehicles parked on pedestrian walkways, such as in the areas of the 32nd circle and towards Nogoon Nuur, that are disrupting and damaging these paths, will be regulated and prevented from stopping there. Warning:
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Society
Mongolia and Austria Sign Social Protection Agreement
Published: 2025-05-28 | Translated from: news.mn
At the invitation of the President of Mongolia, U. Khurelsukh, the President of the Republic of Austria, Alexander Van der Bellen, made a state visit to Mongolia. During the visit, the "Agreement on Social Protection between Mongolia and Austria" was signed by L. Enkh-Amgalan, Mongolia's Minister of Family, Labor, and Social Protection, and Nikolaus Marschik, Secretary General of the Federal Ministry for European and International Affairs of Austria. The Government of Mongolia has been implementing measures to ensure social security for Mongolian citizens working and living abroad. One such measure is to establish social protection agreements with countries where large numbers of Mongolian citizens reside. These agreements ensure that citizens of both countries have equal rights in social matters and establish the legal basis for receiving pensions and benefits as if they were citizens of the country. As of 2024, there are 2,668 Mongolian citizens residing in Austria, of whom 1,696 are employed. About 30 Austrian citizens reside in Mongolia. With the implementation of this agreement, citizens will be exempt from double payment of social insurance contributions in both countries. Furthermore, periods of insurance paid in both countries can be combined, thereby forming the basis for acquiring pension rights such as old-age, disability, or survivor’s pensions, ultimately improving social security guarantees. For example, if a Mongolian citizen has paid social insurance for 12 years in Mongolia and 13 years in Austria, upon reaching pension age in both countries, the total period of 25 years will be considered for pension eligibility. The pension corresponding to the 12 years paid in Mongolia and the 13 years paid in Austria will be provided by the respective countries. The "Agreement on Social Protection between Mongolia and the Republic of Austria" will enter into force once ratified by the parliaments of both countries. Currently, Mongolia has similar social protection agreements with six countries: the Russian Federation, South Korea, Hungary, Poland, Turkey, and the Czech Republic. Mongolia is also working to establish new agreements with Kazakhstan and Australia and to update its agreement with the Russian Federation.
The Number of Chinese Citizens Residing in Mongolia for Employment Purposes Has Increased in Recent Years
Published: 2025-05-28 | Translated from: ikon.mn
According to data from the MPA agency (used with special permission), the number of Chinese citizens residing in Mongolia for official and private purposes has shown an increasing trend from 2023 up to April 2025. Between 2023 and April 2025, a total of 471,738 Chinese citizens have entered Mongolia, of whom 19,922 are residing for official and private purposes. From the statistics below, it is clear that Chinese citizens are increasingly coming to Mongolia mainly for employment purposes, and this number has significantly increased since 2023. The number of those residing for official business, family reasons, immigration, or study has also increased. However, the number of people residing through investment decreased somewhat in 2023 but has started increasing again this year. Notice: Media organizations (TV, radio, social media, and web pages) are prohibited from using our information entirely or partially in any form. It may only be used upon agreement and by citing the original source (ikon.mn).
URGENT: Due to Trump's Immigration Order, a Mongolian Citizen With Speech and Hearing Disabilities Has Been Detained in the US for 80 Days
Published: 2025-05-28 | Translated from: isee.mn
According to US media outlet KPBS, a Mongolian citizen with speech and hearing disabilities has been detained in a US detention facility for more than 80 days. Specifically, a deaf and mute Mongolian man has been held for over 80 days in the Otay Mesa Detention Center in the US. His sister stated, "He has not been able to meet with a judge or communicate with anyone who understands the Mongolian language. I am very worried about my brother." His sister, who lives in Virginia and is a US citizen, is trying to vouch for his release. However, she told KPBS that giving detailed information about the case could put her own immigration status at risk, so she requested not to share her name. Attorney Andrea Montavon-McKillip commented on the case, noting that President Donald Trump's executive order has led to the detention of immigrants according to certain procedures, resulting in significant profits for private detention centers. The Mongolian citizen in question arrived in the US in February and at that time expressed his desire to seek asylum. However, due to communication difficulties, border protection officials were unable to understand him, and after being transferred to Immigration and Customs Enforcement, he was brought to the Otay Mesa Detention Center. One of President Trump's new orders removed the "guarantee of protection from foreign aggression" for citizens of other countries. The Mongolian man has also not been allowed to meet with his lawyer, and told his attorney that "the interpreter's badge is for a different sign language than Mongolian, so I can't understand." Consequently, it has been deemed safe to return him to Mongolia, and he is scheduled to be deported soon, but attorney Montavon-McKillip has filed a request in federal court to prevent his deportation. The fact that the defense attorney cannot participate in person in the court hearing, there is no translation for Mongolian sign language, and he has no legal representative, raises concerns about procedural violations in this legal process. When asked about the case, the Ministry of Foreign Affairs responded, "So far, no information about this citizen has been received from diplomatic missions in the US." We will update further on this matter. Source: KPBS
D. Amarbaysgalan, O. Tsogtgerel, and L. Gantomor Have Been Given 24 Hours to Meet with the Representatives of the 'Resigning is Easy' Protest
Published: 2025-05-28 | Translated from: ikon.mn
The organizers of the "Resigning is Easy" protest, aimed at demanding Prime Minister L. Oyun-Erdene’s resignation, have today submitted a demand to Speaker D. Amarbaysgalan, Democratic Party (DP) Chairman and Member of Parliament L. Gantomor, and O. Tsogtgerel, DP leader in the parliament, requiring them to receive representatives of the protest within 24 hours. The organizers said: "We demand that you meet with the protest representatives, clearly express your positions concerning the issues mentioned in our official demand, uphold your duty to protect democracy, and promptly respond in this critical period when public trust in governance is at risk of being lost." The demand sets out: "The main guarantee for the existence of any nation is a healthy system of governance and responsibility. The foundations for a healthy system should be ethics, fairness, and transparency. In particular, government officials and civil servants who have entered into a social contract with the public must lead society with their ethical standards, fairness, and accountability. However, recent attention has been drawn to allegations of unexplainable wealth acquisition by Prime Minister L. Oyun-Erdene and his relatives, and their failure to clearly disclose this. In response, citizens have been protesting for 15 days, but their voices are being ignored, while all possible political means are being employed to avoid accountability. This situation is eroding public trust in governance. In recent years, in a time when freedoms have become limited and economic growth is only visible in numbers and not felt in people’s lives, it is imperative for the head of the executive to assume both ethical and political responsibility for such issues. However, turning his personal problem into an issue for the Mongolian People’s Party, the Government, and the State Great Khural, and sowing division among the public, is something we strongly oppose. For example, deflecting his personal problem to parliament and describing a motion of confidence as a question of whether a coalition government continues, rather than focusing on the main issue, is an unacceptable evasion of responsibility in a democracy. Irrespective of whether parliament grants a vote of confidence in the government's draft resolution, the doubts, anger, and frustration in society regarding L. Oyun-Erdene will not be alleviated, and this risks destroying public trust in Mongolia’s democratic institutions and undermining national unity. There is an urgent need for real oversight and resistance to the Prime Minister’s evasion of responsibility and his attempts to shift his burden onto other parties and the State Great Khural. Therefore, as the Democratic Party, the second largest political force in the State Great Khural following the 2020 elections, we wish to personally present our demands—to fulfill your opposition role in ensuring healthy governance. As custodians of democratic and legitimate parliamentary values and representatives of the citizens, we demand that you receive representatives of the protest before 18:00 on May 29, 2025, in order to prevent a crisis of confidence." — Representatives of the 'Resigning is Easy' Protest Notice
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31 Chinese Citizens Deported for Using Fake Documents
Published: 2025-05-28 | Translated from: isee.mn
The Immigration Agency reports that they regularly conduct both scheduled and unscheduled inspections to monitor the registration of foreign citizens and compliance with laws and regulations. During inspections carried out last week, a total of 39 citizens from 4 countries were deported from Mongolia and banned from re-entering the country for 3-5 years. Among them were 31 citizens from China, 5 from South Korea, 2 from Uzbekistan, and 1 from the Kingdom of Thailand. Of these foreigners, 25 were deported for engaging in activities different from their stated purpose of entry, 3 for using fake documents to obtain visas and residence permits, and 4 for overstaying their visa or residence permits. In order to boost tourism and the number of visitors to Mongolia, the country has relaxed visa requirements and increased the issuance of electronic visas. However, as a result, there has been an increase in the number of foreigners entering Mongolia for tourism but engaging in unauthorized activities, working without permission, or overstaying their visas. For example, the number of foreigners deported this year has increased by 70.6% compared to the same period last year. Therefore, the Immigration Agency strongly urges foreign nationals, their inviting individuals, and corporate entities to comply with Mongolian laws and regulations, conduct all activities within the legal framework, and avoid actions that might put themselves or their organizations at risk.
The white tent in the central square, with a daily rental price of 5-7 million MNT, is being dismantled today
Published: 2025-05-28 | Translated from: isee.mn
The large white tent that was set up this spring, in April, at Sukhbaatar Square is being dismantled today. Various events such as food festivals, circus performances, basketball tournaments, and motorcycle gatherings have been organized in this tent. The mayor of the city, Kh. Nyambaatar, previously announced that this tent would be rented out for commercial purposes in the future. Specifically, after the completion of the Ulaanbaatar marathon, the white tent in the square will be rented out for three to four months to the business offering the best price. Currently, two potential locations are being considered: one is at Khui Doloon Khudag, and the other is north of the central stadium, where the tent would be rebuilt to one third of its current size. The tent measures 50 by 80 meters and covers an area of 4,000 square meters, and according to official sources, it can be rented for an average of 5-7 million MNT per day.
Children's Day and Buddha's Great Enlightenment Day Will Be Public Holidays
Published: 2025-05-28 | Translated from: isee.mn
This year, Buddha’s Great Enlightenment Day falls on June 11. This day is celebrated on the 15th day of the first month of summer, and according to the law regarding public holidays and commemorative days, it is a national holiday. Buddha’s Great Enlightenment Day is unique from other Buddhist holidays because it marks three important events: the birth of Buddha, his full enlightenment, and his entry into Nirvana. According to Buddhist scriptures, any good deeds performed on this day will be multiplied a thousand, ten thousand, a million, even countless times. Therefore, people are encouraged to keep their body, speech, and mind pure and devote themselves to good deeds and virtue. On this day, the border checkpoints will also be closed. Specifically, the four road border points with Russia—Tes, Ulkhan, Borshoo, and Artsuur—will be closed on the 1st, 11th, 12th, 13th, and 14th of June. In addition, Tsagaannuur and Khankh checkpoints will be closed from June 11-13. Similarly, the road border checkpoints with China—Zamyn-Uud, Khavirga, Khangi, Gashuunsukhait, Shiveekhuren, Burgastai, Bichigt, Sumber, and Bayankhoshuu—will also be closed on this day. However, Altanbulag and Ereentsav (with Russia) and Bulgan (with China) road checkpoints will operate according to their regular schedule. Additionally, the Dayan checkpoint with China will operate from June 1-20 and again from June 26 to July 10. The Zamyn-Uud, Sukhbaatar, Ereentsav railway checkpoints and air ports will also operate according to their standard timetable.
LIVE: The "Resignation is Easy" protest continues for its 15th day at Sukhbaatar Square
Published: 2025-05-28 | Translated from: isee.mn
The "Resignation is Easy" protest, in which citizens are demanding the resignation of Prime Minister L. Oyun-Erdene, is ongoing for its 15th day today. The protest will continue today from 16:00 to 20:30. Protesters are marching around the Government Palace and demanding the resignation of the Prime Minister. LIVE BROADCAST:
"It is true that citizens with disabilities cannot receive pensions or loans despite paying social insurance"
Published: 2025-05-28 | Translated from: news.mn
One of the important issues addressed at last week’s regular session of the Spring Meeting of the State Great Khural was the rights of persons with disabilities. While Mongolia is said to be a welfare state, in reality, people with disabilities who work and pay social insurance do not have the right to obtain loans from commercial banks, and the pensions and benefits they receive are not even equivalent to the minimum wage, among other issues. Therefore, we interviewed MP O. Saranchuluun to discuss how Parliament is paying attention to the rights of people with disabilities and what issues require urgent solutions. - You mentioned at the session that people with disabilities pay social insurance contributions but still cannot obtain loans and face difficulties in receiving pensions from the social insurance fund. Can you provide specific cases? - Regarding social insurance for people with disabilities, employers contribute 10% (compared to 12.5% for non-disabled persons) and the disabled individual themselves pays 9.3% (versus 11.5% for non-disabled individuals). One benefit of paying social insurance contributions is the possibility of receiving personal assistant services. While it may seem good that the contribution rates are lower, there are still problems. According to the social insurance law, they should have the right to receive a pension from the social insurance fund rather than the welfare fund. However, in reality, for the last five years, persons with disabilities who have paid social insurance contributions for at least 36 months should switch from welfare benefits to social insurance pensions, but this law has been rendered ineffective and transfers have been halted, with the authorities stating that only those with over ten years of contributions will be transferred. Recently, three people with disabilities applied to switch to the social insurance fund, but were refused. Second, the process of determining proportional pensions does not provide increases when state pension increases occur. Currently, the minimum pension is about 800,000 MNT, but persons with disabilities receiving proportional pensions only get 540,000 MNT. Third, people with disabilities rarely qualify for full pensions because they cannot meet the 20-year contribution requirement. Also, people with disabilities who lose their jobs cannot receive unemployment benefits because their contributions do not include unemployment insurance premiums. Despite receiving salaries for a full 12 months, they cannot get payroll loans, nor can they access mortgage loans in their names. Welfare pensions are 328,000 MNT per month, while lost capacity pensions from the Social Insurance Fund are 540,000 MNT monthly. - Political instability affects everyone, including businesses, citizens, and especially persons with disabilities. What measures should be taken to address this? - It is crucial to consider the diversity of individuals and disabilities in policymaking. However, current laws passed rapidly do not analyze whether they infringe on the rights of persons with disabilities or ensure equal access to services. This worsens their legal status and makes living a normal life in society impossible. For example, when revising social insurance legislation, the relations governing the benefits and pensions for disabled persons were left out, leading to negative consequences such as being able to receive only the minimum or nothing at all. Simply passing the Law on the Rights of Persons with Disabilities without updating other laws accordingly is a major problem. Decisions at the socio-economic level must guarantee equal access irrespective of disabilities. Some benefits given to people with disabilities are lower than the annual minimum wage. This must be addressed, and the amounts must be increased, at least to match the minimum wage. - How many people with disabilities are there in Mongolia? What complaints and suggestions have been received regarding not being able to exercise their constitutional rights? - Our office receives feedback and complaints via our Facebook page. In the past three weeks, we have received: - Disabilities: 38 cases, - Elderly: 2, - Accessibility: 9, - Information access: 2, - Public health: 4, - Child protection: 2, - Social protection: 2, - NGOs and civil space: 2 cases. Currently, there are about 113,000 people with disabilities in Mongolia. When looking at the complaints, fundamental constitutional rights such as social welfare, access to services, and the right to work are frequently violated, and pensions or benefits are always at the minimum level. Many complain about the lack of a proper environment, standards, and infrastructure, which prevents them from participating in social relations. Additionally, discrimination, increased domestic violence, and other negative societal phenomena due to disability are on the rise. There is also a lack of clear legal responsibility for violations of the prohibitions in the Law on the Rights of Persons with Disabilities and no legal provisions for ensuring the participation, will, and opinions of persons with intellectual disabilities in legal proceedings. - We talk every year about supporting participation, moving away from welfare, and providing real support for people with disabilities. Yet, real positive changes are rare. Where do decisions and implementation get stuck? - There are two major problems: first, a lack of knowledge and understanding at all levels, and second, unless this is approached through intersectoral cooperation, progress will not be made. Otherwise, legal and policy documents do include these issues in all plans. - Are there systematic policy errors in government policy regarding equal participation? - Achieving equal participation means accommodating different needs. For example, if two students—one sighted and one with visual impairment—are given the same book, the latter cannot access the content. If the book is provided in Braille or audio, both can participate equally. This is what equal participation and universal accessibility mean. When asked about dedicated budgets or sub-programs for promoting the rights of persons with disabilities in Mongolia’s annual budgets or development policies, there are no clear answers or solutions. This time, with the inclusion of representatives of persons with disabilities in the State Great Khural and constitutional amendments, there is political will and significant progress on ensuring equal participation in policymaking. Therefore, I am putting all my effort toward this goal. Recently, a resolution was adopted by the Standing Committee on Social Policy, based on the recommendations of a working group established by the September 5, 2024 order of the Speaker, mandating comprehensive legislative compliance and reporting on the mainstreaming of disability rights in legislation and implementation, and this will guide the Government. Issues of accessibility and rights for people with disabilities also affect the general public. Therefore, the mistaken view that these are separate issues for separate people must change, and legal reform must be approached comprehensively. - Last week, a national discussion was held on the involvement of local administrative bodies in guaranteeing the rights of persons with disabilities. What topics were discussed? - In short, the mayors of the capital and aimags included in their agreements and the Government’s medium and long-term plans, as well as those mandated by international conventions, agreed to prioritize and systematically implement 13 package activities with 32 criteria to improve accessibility and awareness, and to provide comprehensive explanations in a guide. International and domestic experts gathered for an all-day consultation. If agencies and ministries do not adopt similar plans with measurable indicators, progress will not occur. Based on my two-time participation in national discussions, previously unclear criteria have now been detailed, and all 21 aimags and nine district mayors have agreed to cooperate.
The "Bargajin-2025" International Festival to be Organized in Tuv Province
Published: 2025-05-28 | Translated from: montsame.mn
The "Bargajin-2025" international festival will be held at the Central Stadium in Zuunkharaa soum, Tuv province on August 9th and 10th. This is the first time that the festival will take place in Tuv province. The main objective is to introduce and promote the traditional culture, arts, customs, and practices of the Barga ethnic group to the public. According to B. Otgonbayar, head of the working group and advisor to the provincial governor, "A main brandbook for the festival will be created, and a scientific conference on 'The History and Culture of the Tusheet Khan Province's Darkhan Chin Wang Banner' will be jointly organized by the Institute of History and Ethnology of the Mongolian Academy of Sciences, the 'Chinggis Khaan' National Museum, and the provincial museum. In addition, an exhibition of Barga ethnic objects, a fashion competition, a nationwide Barga folk music contest, wrestling, and the 'Tunkh' archery competition are planned as part of the festivities." D. Munkhtumur, president of the "Barga Studies Association" NGO, reported that currently, large numbers of Barga people reside in Dornod, Tuv, Khentii, Bulgan, and Zavkhan provinces as well as in Ulaanbaatar city. In Tuv province, there is a relatively large concentration of Barga people in the Bayangol, Bayantsagaan, Sergelen, and Zuunkharaa soums. The Bargajin festival was first organized in 2007 in the Khulunbuir soum of Dornod province. Subsequent editions were held in 2011 in Gurvanzagal soum of Dornod, in 2015 in Ulan-Ude, Republic of Buryatia, Russia, in 2018 in Choibalsan city, Dornod province, and in 2022 in Khulunbuir soum. It has been decided that the festival will be organized every three years.
Environment
Mongolia and South Korea to Collaborate on Addressing Urgent Climate Change Issues
Published: 2025-05-28 | Translated from: montsame.mn
With the goal of mitigating the impact of climate change, Mongolia and the Republic of Korea held the inaugural meeting of the Joint Coordinating Committee under Article 6.2 of the Paris Agreement. Within the framework of Article 6.2 of the Paris Agreement, Mongolia will receive investments and technological assistance from South Korea to address urgent climate change issues, in exchange for transferring carbon credits generated by reducing carbon emissions to the partner nation. At the meeting, the Mongolian side introduced its domestic policies and legal environment related to this agreement, while the South Korean side shared information on cooperation initiatives, government-level collaborative efforts, and a project to capture methane gas at the Narangiin Enger landfill site in Ulaanbaatar. The committee's working regulations and guiding principles for future operations were also approved. Under the intergovernmental framework agreement signed between the Mongolian Government and the Government of South Korea in 2023, aimed at mitigating climate change, Mongolian authorities agreed with relevant Korean organizations to complete a comprehensive master plan for measures to reduce air pollution in Ulaanbaatar city by 2025 and to implement it thereafter, according to the Ministry of Environment and Tourism.
News Guide: NEMA to Present the Current Situation of Forest and Steppe Fires
Published: 2025-05-28 | Translated from: news.mn
News Agency presents a summary of events happening on May 28, 2025: - The plenary session of the State Great Khural (Parliament) will be held at the State Palace. - 9:00 AM: The "Regional Development - Leadership in Civil Service" conference of the capital city will begin in the small hall of the Ulaanbaatar Hotel. Contact: 99127029 - 11:00 AM: The National Emergency Management Agency (NEMA) will provide information on the current situation of forest and steppe fires, as well as other issues. Contact: 86150069 - 12:00 PM: At the 6th floor meeting hall of the National Center for Maternal and Child Health, the Khuree Rotary Club team will donate much-needed equipment to support intensive care for newborns. Contact: 99162939 - The "Tourism Training Center," implemented jointly by the Government of the Republic of Korea and the Ministry of Culture, Sports, Tourism and Youth of Mongolia, will hold its opening ceremony.
Innovation
Collaboration with Chonbuk National University of South Korea to Train Mining Specialists
Published: 2025-05-28 | Translated from: isee.mn
Representatives of Erdenes Mongol LLC met with a delegation led by Joo Hwa Rim, Head of the Office of International Affairs at Chonbuk National University of South Korea, to discuss cooperation in training highly qualified professionals in mining and mineral resources, and enhancing the knowledge and education of engineers and technical staff in these fields. Joo Hwa Rim expressed the university's willingness to support student exchange programs in mineral resources engineering, as well as short, medium, and long-term programs in relevant fields. She also highlighted the possibility of providing government scholarships for one-year programs, 50% scholarships for bachelor's and master's degrees, and the opportunity for research teams to collaborate and exchange experiences. Chonbuk National University, with a history of 78 years and over 250,000 graduates, is one of the leading universities in South Korea in training skilled professionals in mineral resources and mining engineering.
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