ULAN BATOR, June 29 (Xinhua) -- Mongolia's tourism body said Friday it expects to receive 12,000 foreign visitors during its national holiday of Naadam next month.
According to D. Gantumur, president of the Mongolian Tourism Association, a tourist spends an average of 2,000 U.S. dollars in Mongolia.
Last year, the country received over 470,000 foreign...
Speech by UK Ambassador to Mongolia at the Queen's Birthday Party 2018
HE Philip Malone, British Ambassador to Mongolia addressed esteemed guests on the occasion of the celebration of Her Majesty The Queen's birthday on 14 June.
Delivered on:
14 June 2018 (Transcript of the speech, exactly as it was delivered)
Your...
Mongolia’s Place in Northeast Asia’s Renewable Power Grid
Publication: Eurasia Daily Monitor Volume: 15 Issue: 100
By: Alicia J. Campi
During the fifth meeting of the Ulaanbaatar Dialogue on Northeast Asian Security, held on June 14–15, in the Mongolian capital, regional energy and environmental cooperation projects were major highlights (Mongol Messenger, June 15; UB Post, June 16). Progress was...
Khaan Quest 2018 int'l peacekeeping drill wraps up in Mongolia
ULAN BATOR, June 28 (Xinhua) -- An annual multinational peacekeeping exercise, code-named Khaan Quest 2018, concluded with a closing ceremony at Five Hills Training Area near the Mongolian capital on Thursday.
"First of all, I would like to express my sincere appreciation to all participating countries for sending their military servicemen to the...
IMF to allocate Mongolia fourth loan tranche in amount of 36.91 mln USD
ULAN BATOR, June 28 (Xinhua) -- Deputy Managing Director of the International Monetary Fund (IMF) Tao Zhang said Wednesday that Mongolia is making good progress under the Fund-supported program.
"All end-March 2018 quantitative targets under the program were met. Fiscal accounts showed robust performance posting a primary surplus, mainly reflecting...
Mongolian Armed Forces host Khaan Quest 2018 peacekeeping field-training exercise
FIVE HILLS TRAINING AREA, MONGOLIA
06.28.2018
Story by Sgt. David Bedard
134th Public Affairs Detachment
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The Mongolian Armed Forces hosted a United Nations peacekeeping field-training exercise June...
IMF Executive Board Completes Fourth Review under the Extended Arrangement for Mongolia and Approves US$ 36.91 Million Disbursement
June 27, 2018
One year into the program, Mongolia’s economic performance continues to be strong with over-performance on key fiscal and reserves targets.
Structural reforms to strengthen fiscal policy and the banking sector are moving ahead, but there have been some delays in implementation.
With high public debt and the economy exposed to global...
Lotte GRS launches burger shop chain in Mongolia
Lotte GRS Co., the restaurant franchise unit of South Korea’s fifth largest conglomerate Lotte Group, is launching fast-food restaurant brand Lotteria in Mongolia with an aim to raise the store number to 10 in the next four years. According to Lotte GRS...
Why Mongolia is showing interest in SCO
By Li Chao Source:Global Times
During the 18th Shanghai Cooperation Organization (SCO) summit earlier this month in Qingdao, Mongolian President Khaltmaa Battulga said that his country is studying the possibility to upgrade the level of its participation in the SCO and a discussion on this matter has been launched in political and social circles...
Mongolia produces over 3 mln barrels of crude oil in H1
ULAN BATOR, June 27 (Xinhua)-- Mongolian authorities said Wednesday that the country has in total extracted over 3.196 million barrels or 433,311 tons of crude oil in the first half of the year.
The Mongolian Ministry of Mining and Heavy Industry said that out of its total production, 3.127 million barrels or 424,631 tons of crude oil were exported...
Mongolia to host int’l ultra-marathon
ULAN BATOR, June 25 (Xinhua) -- The Gobi March ultra-marathon, one of the 4 races in the Deserts Race Series, will be held from July 29 to August 4 for the first time in Mongolia, the organizer said on Monday.
According to B. Barsbold, director of Discover Mongolia Travel LLC, a total of 230 ultra-marathoners from more than 40 countries will participate...
Kincora Welcomes A New Cornerstone Investor
The LIM Asia Special Situations Master Fund Limited, a fund managed by LIM Advisors Limited (“LIM”), has acquired a 28.7% interest in Kincora
The off-market transactions remove recent overhangs to Kincora’s share price
LIM is one of the longest operating...
Indian home minister Rajnath Singh lauds Mongolia's '3rd neighbour' policy in Ulaanbaatar, reaffirms commitment to strengthen cultural bonds
Ulaanbaatar: India appreciates the 'Third Neighbour' policy of land-locked Mongolia, Home Minister Rajnath Singh said in Mongolia, asserting New Delhi's commitment to further strengthen its cultural bond with Ulaanbaatar.
He was in Ulaanbaatar on a three-day official visit to further strengthen bilateral relations and security cooperation...
Mongolia’s largest solar park comes online
The 15 MW solar PV plant was built by a Japanese consortium led by Sharp, in the Economic Development Zone of Zamyn-Üüd, in the province of Dornogovi.
Mongolia’s Prime Minister, Ukhnaagiin Khürelsükh has commissioned a 15 MW solar power plant in the Economic...
Mongolia builds first refinery to ease Russian fuel dependence
Ulaanbaatar, Jun 22 (AFP) Mongolia broke ground today for the construction of the country's first oil refinery with the help of a USD 1 billion loan from India to ease its dependence on Russian fuel.India's Home Minister Rajnath Singh attended the ceremony along with Mongolian Prime Minister Khurelsukh Ukhnaa in a remote corner of the Gobi...
