OUTSTANDING DEBT TO BULGARIA TO BE PAID, BUT RESPENT ON SCHOLARSHIPS AND ASSISTANCE TO MONGOLIA
February 28 (InfoMongolia) Mongolia still retains outstanding debts in ruble to former soviet countries from its soviet era. Government officials' meeting was held between Mongolia and Bulgaria in Sofia, Bulgaria on March 22, 2013.
They discussed about ways to pay Mongolia's debt to Bulgaria and made contract on it. Mongolian ambassador to Bulgaria, Tserendorj GANKHUYAG who signed this contract, made press conference. He told press that Mongolia had about 10 million convertible rubles (1 ruble equals about 1 USD) of debt to Bulgaria. During his visit to Bulgaria in 2008, the president at that time Nambar ENKHBAYAR negotiated and reduced this debt by 80%. Since then, Mongolia has been to pay 20% of this debt (2,046,864.18 USD) and two country officials have been negotiating about the ways to pay this for about five whole years.
Ambassador Ts.Gankhuyag said "We have solved this issue and it turned out to be very beneficial to our country. We will pay the debt but in return we are going to send students to study in Bulgaria, and receive agricultural equipments and assistance. In other words, Bulgarian government will spend the debt money as aid to us. About 25 to 30 students will study agriculture and food technology in Bulgarian universities. Later on, we will send our request to Bulgaria to receive agricultural equipments and other consulting services".
Two parties discussed and planned about the President of Bulgaria Rosen Plevneliev's visit Mongolia in October of this year.
They discussed about ways to pay Mongolia's debt to Bulgaria and made contract on it. Mongolian ambassador to Bulgaria, Tserendorj GANKHUYAG who signed this contract, made press conference. He told press that Mongolia had about 10 million convertible rubles (1 ruble equals about 1 USD) of debt to Bulgaria. During his visit to Bulgaria in 2008, the president at that time Nambar ENKHBAYAR negotiated and reduced this debt by 80%. Since then, Mongolia has been to pay 20% of this debt (2,046,864.18 USD) and two country officials have been negotiating about the ways to pay this for about five whole years.
Ambassador Ts.Gankhuyag said "We have solved this issue and it turned out to be very beneficial to our country. We will pay the debt but in return we are going to send students to study in Bulgaria, and receive agricultural equipments and assistance. In other words, Bulgarian government will spend the debt money as aid to us. About 25 to 30 students will study agriculture and food technology in Bulgarian universities. Later on, we will send our request to Bulgaria to receive agricultural equipments and other consulting services".
Two parties discussed and planned about the President of Bulgaria Rosen Plevneliev's visit Mongolia in October of this year.
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