Friday, June 13, 2014

Mongolia Brief June 13, 2014



Bank of Mongolia Reports

Ulaanbaatar, June 13 (MONTSAME) The Bank of Mongolia has reported that money supply (broad money or M2) at the end of May 2014 reached MNT 10,233.3 billion, increasing by MNT 35.5 billion or 0.3% from the previous month, and by MNT 2,325.5 billion or 29.4% against the previous year.

At the end of May 2014, currency issued in circulation reached MNT 863.0 billion, increasing by 21.4 billion or 2.5% from the previous month, and by MNT 32.0 billion or 3.9% against the previous year.
Loans outstanding at the end of May 2014 amounted to MNT 12,053.4 billion, increasing MNT 315.6 billion or 2.7% against the previous month, and MNT 3826.9 billion or 46.5% against the previous year.
Principals in arrears at the end of May 2014 reached MNT 380.6 billion, increasing MNT 81.6 billion or 27.3% against the previous month, and MNT 234.2 billion or 2.6% against the previous year.
The non-performing loans over the bank system reached MNT 619.7 billion, increasing MNT 3.5 billion or 0.6% against the previous month, and MNT 301.7 billion or 94.9% against the previous year.
15.8 million units of shares were sold valued at MNT 105.8 billion at the stock market in first five months of this year.


General Government Budget in Statistical Mirror

Ulaanbaatar, June 13 (MONTSAME) In the first four months of 2014, total equilibrated revenue and grants of the General Government Budget (GGB) amounted to 2,117.5 bln.tog.
Total expenditure and net lending of the budget reached 2,284.5 bln.tog, representing a deficit of 106.9 bln.tog in the equilibrated balance of the GGB.
Compared with the same period of the previous year, tax revenue increased 83.3 bln.tog or 4.6 percent. This increase was largely attributable to increases of 51.0 bln.tog or 16.5 percent in social security contributions, of 24.9 bln.tog or 3.6 percent in revenue from taxes on goods and services and of 16.0 bln.tog or 12.9 percent in revenue from taxes on foreign trade. However, there were decreases of 13.7 bln.tog or 3.2 percent in income taxes and of 25.3 bln.tog or 9.5 percent in revenue from corporate income tax.
In the first 5 months of 2014, total expenditure and net lending of the GGB reached 2,284.5 bln.tog, increasing 412.4 bln.tog or 22.0 percent compared with the same period of the previous year. This increase was mainly due to rises of 123.6 bln.tog or 15.9 percent in subsidies and transfers, of 117.2 bln.tog or 13.4 percent in expenditure on goods and services, of 92.3 bln.tog or 53.1 percent in capital expenditure, and of 76.1 bln.tog or 2.7 times in interest payments.


External Trade in Statistics

Ulaanbaatar, June 13 (MONTSAME) In the first five months of this year, Mongolia traded with 115 countries and total foreign trade turnover reached USD 4,059.8 mln.
The export was made up with USD 1,927.9 mln, whereas the import was calculated at USD 2,131.9 mln. Thus, foreign trade balance showed a deficit of USD 824.7 mln in the first five months of 2014, while it was in a deficit of USD 204.0 mln, going down by USD 620.8 mln from the same period of the previous year.
Total foreign trade turnover increased USD 51.4 mln or 1.3 percent, of which imports decreased by USD 336.1 mln or 13.6 percent and exports increased by USD 284.7 mln or 17.3 percent against with the same period of 2013.


Nat’l Consumer Price in Increases

Ulaanbaatar, June 13 (MONTSAME) This May, the national consumer price index rose 1.5% from the previous month, 6.2% percent against the beginning of the year, and 13.7% over the same period of 2013.
The increase was mainly due to increases of 2.8% in food and non-alcoholic beverages, of 2.6% in hotels and restaurants, of 1.6% in clothing, footwear and cloth and of 1.5% in miscellaneous goods and services.


Loss of Animals Declines

Ulaanbaatar, June 13 (MONTSAME) In the first five months of this year, natural losses of adult animals reached 226.0 thousand heads at the national level, showing an increase of  228.8 thousand heads or 50.3% against the same period of the previous year.
The losses include 12.7 thousand of horses, 19.5 thousand of cows, 612 of camels, 85.8 thousand of sheep, and 107.4 thousand of goats.


Industrial Production Index Rises

Ulaanbaatar, June 13 (MONTSAME) This May, the industrial production index (2010=100 seasonally adjusted and experimental estimation) increased 13.3% from the same period of the previous year, 18.7% over the previous month, and 23.2% compared with the end of the last year.
The mining of products such as goal, crude oil and copper with concentrate increased 1.6%-88.5% in the mining and quarrying sectors, while the production of products such as bakery products, milk, buuz and dumpling, pure water, wooden door and windows, flour, macaroni noodles, vacuum windows and doors, and sawn wood rose 3.0% to 2.5 times in the manufacturing sector compared with the same period of the previous year.


Freight and Passengers in Statistics

Ulaanbaatar, June 13 (MONTSAME) In the first five months of this year, 7,750.9 thousand ton freight and 1,360.6 thousand passengers (duplicated counting) were carried by railway transport.
Compared with the same period of the previous year, the amount of carried freight decreased 457.2 thousand ton or 5.6%, while the number of carried passengers declined 179.8 thousand persons or 11.7%.
During that period, the revenue from railway transport reached 158.3 bln.tog, reflecting a decrease of 3.4 bln.tog or 2.1% against the same period of the previous year, and 1,328.8 ton freight and 248.2 thousand passengers (with double counting) were carried by air transport. Compared to the same period of the previous year, the amount of carried freight dropped by 166.4 ton or 11.1%, while the number of carried passengers decreased 26.3 thousand persons or 9.6%.
The revenue from air transport reached 75.2 bln.tog, showing a decrease of 1.7 bln.tog or 2.2 percent against the same period of the previous year.


Births Increase and Unemployment Rate Declines

Ulaanbaatar, June 13 (MONTSAME) In the first five months of this year, 33 thousand and 371 mothers delivered children and the number of live births reached 33 thousand and 600.
The number of the mothers delivered children increased by 1,163 mothers or 3.6%, therefore the number of children rose by 1,235 or 3.8% against the previous year.
The number of unemployed people reached 38.0 thousand at the end of May 2014, reflecting a decrease of 2,557 people or 6.3% against the previous year.


Social Insurance in Statistics

Ulaanbaatar, June 13 (MONTSAME) In the first five months of 2014, the Social Welfare Fund granted to 163.6 thousand people retirement pensions and welfare payments totaling MNT 59.4 billion.
Compared with the same period of the previous year, the number of pension and welfare recipients decreased by 21.3 thousand people or 11.5% while the amount of pensions and allowances increased by MNT 4.7 billion or 8.6%. The Human Development Fund gave cash of MNT 97.6 billion to children aged below 18.


Meteorology Institute Reports

Ulaanbaatar, June 13 (MONTSAME) The Institute of Meteorology and Hydrology has reported that the highest precipitation (84.0 mm) was recorded in Tov aimag's Bayan soum in May 2014.
Bayankhongor aimag's Jinst soum had the highest air temperature (39.0°C), whereas the lowest air temperature (-17.0°C) of May of this year was recorded in Khovsgol aimag's Alag-Erdene soum.
Wind speed reached 28.0 m/sec in Dornogobi's Sainshand soum and in Sukhbaatar aimag's Baruun-Urt soum. For the acceptable level of air quality standards as of May, 2014, daily average concentration of nitrogen dioxide exceeded 24 times around the West crossroad, 18 times around the 13th micro district and 16 times around the 32nd Circle.
Daily average concentration of sulphur dioxide exceeded twice around the “Misheel expo” center, the particulate matter less than 10 micrograms exceeded 19 times around the West crossroad, and 32nd Circle, respectively, 16 times around the 13th micro district and 10 times around the “Kharkhorin” market.


Disasters and Accidents

Ulaanbaatar, June 13 (MONTSAME) In the first five months of this year, 2,152 disasters and accidents occurred.
Consequently, 46 people died, and 11 thousand and 999 heads of livestock and animals were lost, of which 3,454 heads of livestock died by foot-and-mouth disease.
Among the natural disasters and accidents reported in the first five months of this year, 1,907 were construction fires, 94--forest fires, 83--cases of rabies to domestic animals, 15 times 3.5 magnitude earthquakes, and 11 incidents related to chemical substance usage and emergency call.
The estimated damage caused by the construction fires amounted to MNT 5.2 billion, forest fires-MNT 710.8 million; porcine reproductive and respiratory syndrome--MNT 480.0 million; severe storms--MNT 123.0 million and rabies--MNT 61.3 million. A total of MNT 394.4 million was spent for the disasters and accidents.
37 people died from construction fires, six people--from drowning in rivers and lakes, and one--from severe storms and collapse of mine stops in artisanal mining sites respectively. Compared with the same period of previous year, the occurrence of natural disasters and accidents decreased by 86.


Number of Crimes Increases

Ulaanbaatar, June 13 (MONTSAME) At a national level, 11 thousand and 445 crimes reported in the first five months of this year.
It shows an increase of 642 crimes or 5.9% against the previous year. The increase in the number of crimes was largely attributable to the rises in crimes such as the crime against the right of ownership (358) and infliction of a bodily injury (332) compared to same period of the previous year.
Due to the crimes, 4,201 people injured and 464 people died. The number of injured people rose by 514 or 13.9%, whereas the number of deaths causes by crimes declined by 17 people or 3.5% against the previous year.


First Ulaanbaatar Sculpture Festival in Mongolia

June 13 (news.mn) For the upcoming 375th anniversary of Ulaanbaatar city, the Ulaanbaatar City Governor`s Office and General Planning Department of Mongolia along with art organizations plan to hold an Ulaanbaatar Sculpture Festival for the first time in Mongolia.
The organizers aim to encourage artists` creativity, to improve comfort in the city and develop different types of sculptures in the city.
The festival welcomes art organizations, freelancer artists, amateurs and art students to participate.
Participants can use any material they like to build the sculpture. There is no limit for discovering ideas and subjects.
The sculptures of participants will be received at the Department of Furnishing, Manufacturing, and Services, Governor’s Office at the Khangarid Palace until June 23rd 2014.
During the Festival the best 30 sculpture works will be selected for the final competition.
The winner of the festival will be named on June 24th and the best work will be placed at the National Garden Park between July 5th and 14th.



MP Sh.Tuvdendorj Becomes Minister for Industry and Agriculture of Mongolia

June 13 (infomongolia.com) At the plenary session of the State Great Khural (Parliament) held on June 12, 2014, one of the issues ratified was promoting a candidate for Minister of Industry and Agriculture as Mr. Sharavdorj TUVDENDORJ, who is a Member of Parliament and Chairman of Legal Standing Committee at the Parliament.
Following an introduction, 34 MPs out of 40 Parliamentarians attended have agreed to promote Sh.Tuvdendorj as the Minister for Industry and Agriculture of Mongolia with 85% of votes, who succeeds MP Khaltmaa BATTULGA. 
Afternoon of June 12, Prime Minister N.Altankhuyag officially accrediting the newly promoted Minister Sh.Tuvdendorj and conferred a stamp of the Ministry of Industry and Agriculture.
Sharavdorj TUVDENDORJ, born in Ulaanbaatar in 1967, finished the capital city secondary school No.5 in 1985. Graduated from Military Institute in 1989, specialist in Radio Engineering. In 1999, graduated Otgontenger University in lawyer and in 2000 graduated from the Academy of Management. Lawyer and politician. Doctor of Philosophy in Justice (Ph.D).
Sh.Tuvdendorj a member of Government and Defense Minister in 1999-2000, Head of Mongolian Democratic Union in 2003-2008, Deputy Chairman of Cabinet Office of the Government in 2004-2006, Secretary General of Democratic Party in 2005-2006, Executive Chairman of Mongolian Democratic Union in 2006-2012, Chairman of Democratic Party’s Capital City Office, and has been elected as a Member of Parliament in 2012 Parliament Election.
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10th Trilateral Business Forum between Mongolia, Russia

and China Successfully Organized in Ulaanbaatar

June 13 (infomongolia.com) The 10th Trilateral Business Forum between Mongolian National Chamber of Commerce and Industry (MNCCI), Chamber of Commerce and Industry of the Russian Federation (CCIRF) and China Council for the Promotion of International Trade (CCPIT) was successfully organized in Ulaanbaatar on June 12, 2014.
The Forum aims to support business activities between the three Chambers, implement a joint program and project, and to solve problems facing in trade and businesses of neighboring countries.
The Trilateral Business Forum was attended by MNCCI Chairman S.Demberel, CCPIT Vice Chairman Yu Ping and CCIRF Vice-President Vladimir Strashko, where CCPIT Inner Mongolia Sub-council Chairman Liu Tinshani, President of East-Siberian Chamber of Commerce and Industry K.S.Shavrin, Deputy Head of China Xilingol League Council for the Promotion of Foreign Trade Xin Yanguan and Chairman of Uvs Aimag Chamber of Commerce and Industry, MNCCI, S.Serjim have delivered speeches.
On the same day, the trilateral business meeting was organized at the Corporate Hotel, where about hundred business delegates from Russia and China have attended and it will be continued today.
As a result of the 10th Trilateral Business Forum, the following Memorandums of Understanding on Cooperation were signed between:
1. MNCCI - CCIRF - CCPIT
2. MNCCI - Altai Republic Chamber of Commerce, Russia
3. Darkhan-Uul Aimag Chamber of Commerce and Industry, Mongolia - CCPIT Inner Mongolia Sub-council
4. Bayankhongor Aimag Chamber of Commerce and Industry, Mongolia - CCPIT Inner Mongolia Sub-council
5. Bayankhongor Aimag Chamber of Commerce and Industry, Mongolia - Erlian City Council for the Promotion of International Trade, Inner Mongolia, China
6. Tuv Aimag Chamber of Commerce and Industry, Mongolia - Manzhouli City Council for the Promotion of International Trade, Inner Mongolia, China
7. Zavkhan Aimag Chamber of Commerce and Industry, Mongolia - East-Siberian Chamber of Commerce and Industry, Russia
8. Bayankhongor Aimag Chamber of Commerce and Industry, Mongolia - East-Siberian Chamber of Commerce and Industry, Russia
9. Zavkhan Aimag Chamber of Commerce and Industry, Mongolia - Zabaikalsky Region Chamber of Commerce and Industry, Russia
10. Khentii Aimag Chamber of Commerce and Industry, Mongolia - Zabaikalsky Region Chamber of Commerce and Industry, Russia
11. Dornod Aimag Chamber of Commerce and Industry, Mongolia - Zabaikalsky Region Chamber of Commerce and Industry, Russia
12. Orkhon Aimag Chamber of Commerce and Industry, Mongolia - Omsk Chamber of Commerce and Industry, Russia 
13. Bulgan Aimag Chamber of Commerce and Industry, Mongolia - Omsk Chamber of Commerce and Industry, Russia
14. Darkhan-Uul Aimag Chamber of Commerce and Industry, Mongolia - Omsk Chamber of Commerce and Industry, Russia
15. Zavkhan Aimag Chamber of Commerce and Industry, Mongolia - Novosibirsk City Chamber of Commerce and Industry, Russia
16. Tuv Aimag Chamber of Commerce and Industry, Mongolia - Novosibirsk City Chamber of Commerce and Industry, Russia
17. Zavkhan Aimag Chamber of Commerce and Industry, Mongolia - Tomsk Chamber of Commerce and Industry, Russia


Capital City Transportation Authority Extends Its Services till 02:00 AM

June 13 (infomongolia.com) Upon the request of civilians, the Capital City Transportation Authority is starting to implement night public transportation services with its 8 transports in three routes at the first phase between 10:00 pm and 02:00 am from June 14, 2014.
These routes are between:
- Route No. Tr:2, Khanyn Materialyn Kombinat (KhMK) - Šžfitseruudyn Ordon by trolleybus
- Route No. M/ShU/, 7 Buudal - MUBIS by big capacity bus
- Route No. M/ShU/, Nisekh - MUBIS by big capacity bus
The fare for adults is 1,000 MNT and 200 MNT for children per ride, but officials did not say yet how long the service would be continued.
From September 01, 2011, public transportation services were starting 30 minutes earlier than the previous schedules, and services for the main 61 routes in Ulaanbaatar are operational between 06:30 am and 10:30 pm today.
In 2013, the "Tsakhilgaan Teever" company had implemented an "Eco Night Transport" project under an experimental period of 2 months between 05:00 am and 11:00 pm. However, this service was considered unprofitable with too few passengers, but civilians request to extend hours of public transportation, thus Capital City Transportation Authority is extending services for above routes till 02:00 am.
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