Sunday, June 8, 2014

Mongolia Brief June 6, 2014 Part II

Premier N.Altankhuyag invited to Int'l Labor Conference

Ulaanbaatar, June 6 (MONTSAME) The Mongolia's Prime Minister N.Altankhuyag has been officially invited to the 103rd session of the International Labor Conference which is running in Geneva of Switzerland on May 28- June 12.

A Director-General of the International Labor Organization /ILO/ Mr Guy Ryder invited a head of the Government for Reforms N.Altankhuyag to give a speech on Mongolia's experiences carried out in labor and social sectors.
The ILO is a United Nations agency dealing with labor issues, particularly international labor standards and decent work for all. Underlying the ILO's work is the importance of cooperation between governments and employers' and workers' organizations in fostering social and economic progress.

Stock exchange weekly review

Ulaanbaatar, June 6 (MONTSAME) Five stock trades were held at Mongolia's Stock Exchange June 2-6, 2014.
In overall, 95 thousand and 090 shares were sold of 61 joint-stock companies totaling MNT 132 million 754 thousand and 808.48.
"Mongolia Development” /22 thousand and 340 units/, "APU” /16 thousand and 312 units/, "Remikon” /14 thousand and 180 units/, "Hermes center” /14 thousand units/ and "Khokh gan" /7,020 units/ were the most actively traded in terms of trading volume, in terms of trading value--"APU” (MNT 57 million 731 thousand and 675), "Mongolia Development” (MNT 15 million and 638 thousand), "Darkhan nekhii" /MNT seven million 906 thousand and 800/, "UB-BUK" /MNT six million and 600 thousand/ and "Shivee ovoo" (MNT six million 519 thousand and 040).

Khentii province to erect "Chingis Tower"

Ulaanbaatar, June 6 (MONTSAME) A “Chingis Tower” building is to be erected in a center of Khentii province.
On Thursday, a foundation laying ceremony was held in the province.
Local “Khos Bar” company is working on this construction with its own seven billion togrog investment.
This 18-storey building will contain shopping center, restaurant, halls for meeting, training and ceremony, hotel rooms and luxury apartments.
It is expected to be put into operation within next year.  

Financing of export projects to be issued

June 8 (UB Post) The irregular governmental meeting held on Tuesday resulted in the decision to make amendments to the draft parliamentary resolution on measures for the implementation of the “State policy on railway transportation”. The government members also discussed financing of projects to replace imports and increase exports.
The Government of Mongolia publicly announced the selection of projects to replace imports and increase exports. A total of 1,151 projects were submitted, and 888 were selected after meeting all selection criteria.
The financing of the projects was divided into two categories: projects that require financing of two billion MNT and above, and those requiring less. During the meeting, Economic Development Minister N.Batbayar was made responsible for issuing the required 100 billion MNT for project funding of up to two billion MNT from the government’s fund to develop SMEs, reported the Press and Media Department of the Government.
Link to article

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