Monday, July 7, 2014

Mongolia Brief July 7, 2014 Part I

Stock exchange weekly review
Ulaanbaatar, July 6 (MONTSAME) Five stock trades were held at Mongolia's Stock Exchange from June 30 to July 4, 2014.

In overall, two million 385 thousand and 867 shares were sold of 41 joint-stock companies totalling MNT 586 million 857 thousand and 031.00.
"Silikat” /two million 297 thousand and 612 units/, "Hermes center” /26 thousand and 334 units/, "Remikon” /26 thousand and 201 units/, "Merex” /12 thousand and 590 units/ and "Genco tour bureau" /5,297 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Silikat” (MNT 516 million 962 thousand and 700), "APU” (MNT 15 million 263 thousand and 350), "UB-BUK" /MNT 10 million 058 thousand and 500/, "Tavantolgoi” /MNT six million 453 thousand and 017/ and "Sharyn gol” (MNT five million 632 thousand and 610).

Foreign Minister of Germany Pays Official Visit to Mongolia after 18 Years
July 7 ( On July 06-07, 2014, the Federal Minister for Foreign Affairs of Germany, Mr. Frank-Walter Steinmeier is paying an official visit to Mongolia upon the invitation of the Minister for Foreign Affairs of Mongolia, Mr. Luvsanvandan BOLD within the framework of the 40th anniversary of the establishment of diplomatic relations between the two states.
On Sunday, July 06, Federal Minister Frank-Walter Steinmeier and accompanying delegation were welcomed at the Chinggis Khaan International Airport by authorities headed by Deputy Foreign Minister of Mongolia D.Gankhuyag. Afterwards, the Foreign Ministries of Mongolia and Federal Republic of Germany chaired by two Ministers held a bilateral talk at the Ministry of Foreign Affairs in Ulaanbaatar.
During the official talks, Mongolia expressed its interest to boost bilateral relations and cooperation with Germany, particularly, in the fields of mining, mineral resources, trade and economy, and introduce European standards in the sectors of transport, infrastructure, construction and education through German quality into Mongolia. Moreover, Mongolian side also expressed its satisfaction to participate as a partner country in ITB-2015 international tourism fair to be hosted in Berlin in 2015.
Following the official talks, the two Foreign Ministers made a briefing for the media and Minister L.Bold noted that Mongolia-Germany relations and cooperation are increasingly developing in all spheres, namely in politics, defense, trade and economy, culture, education and science in compliance with the mutual interest and international relations principles and expressed a confidence that the present visit of Mr. Steinmeier would make a vital contribution to further bilateral relations and cooperation while enriching the history of traditional friendly ties between the two nations.
In his statement, the Federal Minister F.W.Steinmeier confirmed that the Government of Germany has a great determination to deepen relations and cooperation with Mongolia, especially in the economic spheres and noted the two countries are succeeding in developing intensively bilateral ties and collaboration in all directions, particularly, in the areas of culture, science and archeology. Germany is thankful to Mongolia for sending its contingents to Afghanistan who serve together with German peacekeepers. Furthermore, Mr. Steinmeier noted that the sides agreed on fostering bilateral relations and cooperation in the fields of economy, mineral resources, environmental protection, nature friendly technologies, and renewable energy.
Afterwards, a mini-Naadam was organized to distinguished guests from Germany at Chinggisiin Khuree Tourism Complex, about 20 km from UB, where Minister of Culture, Sports and Tourism Ts.Oyungerel and other officials were present.
The official visit of the Federal Minister F.W.Steinmeier to Mongolia is being conducted at the level of Foreign Minister of Germany after 18 years.
On Monday, July 07, Minister F.W.Steinmeier will pay courtesy calls on the President of Mongolia Ts.Elbegdorj and Prime Minister N.Altankhuyag and hold a meeting with the Deputy Prime Minister and Chairman of the Mongolian part of the Mongolian-German intergovernmental commission, Mr. D.Terbishdagva during which a round table is expected on economic cooperation issues.

Mongolian National Team Finishes Chinggis Khan Judo Grand Prix 2014 with 3 Gold, 2 Silver and 4 Bronze Medals
July 7 ( Under the auspices of the President of Mongolia, the Chinggis Khan Judo Grand Prix was successfully organized at the Buyant-Ukhaa Sports Complex in Ulaanbaatar on July 04-06, 2014.
This is a Grand Prix as part of the International Judo Federation official events with a total monetary prize of 100,000 USD, where 282 judokas (Men 165, Women 117) from 27 nations have competed including Austria, Brazil, Canada, China, Czech, Georgia, Germany, Hong Kong, Hungary, Iran, Japan, Kazakhstan, Mozambique, North Korea, Poland, Portugal, Romania, Russia, Singapore, Slovakia, South Korea, Switzerland, Taiwan, Turkey, United States, Uzbekistan and Mongolia.
At this prestigious event, Mongolian top judokas have participated excluding Merit Athlete, Olympic Champion N.Tuvshinbayar (Men’s -100 kg), Merit Athlete S.Nyam-Ochir (Men’s 81 kg) and IMS D.Sumiya (Women’s 57 kg) due to injuries, but Mongolian national team (3+2+4) grabbed three Gold, two Silver and four Bronze medals and topped the Chinggis Khan Judo Grand Prix 2014 after team results followed by Japan (3+1+5), Georgia (2+1+2), China (2+0+1) and South Korea (1+1+0).
Gold medals by Mongolian athletes were received by IMS G.Boldbaatar (Men’s 60 kg), Merit Athlete M.Urantsetseg (Women’s 48 kg) and IMS Ts.Naranjargal (Women’s 70 kg); Silver medals by Merit Athlete, Hero of Labor Kh.Tsagaanbaatar (Men’s 73 kg) and IMS D.Tumurkhuleg (Men’s 66 kg), and Bronze medals by G.Otgontsetseg (Women’s 48 kg), M.Bundmaa (Women’s 52 kg), A.Tsolmon (Women’s 52 kg) and D.Altansukh (Men’s 66 kg).
Moreover, the “Ippon” Trophy went to Olympic and World Champion from Russia, Tagir Khaibulaev (Men’s -100 kg) and in the Women’s category IMS Ts.Naranjargal, 70 kg, from Mongolia.
Final Standings of the Chinggis Khan Judo Grand Prix 2014, Ulaanbaatar, Mongolia
Final Results for Women’s 48 kg
2. JEONG, Bo Kyeong (KOR)
3. Galbadrakh OTGOTSETSEG (MGL)
3. WU, Shugen (CHN)
5. KIM, Sol Mi (PRK)
5. JIANG, Yahong (CHN)
7. AKKUS, Sumeyye (TUR)
7. SAHIN, Ebru (TUR)
Final Results for Women’s 52 kg
1. MA, Yingnan (CHN)
2. KRAEH, Mareen (GER)
3. Munkhbaatar BUNDMAA (MGL)
3. Adiyasambuu TSOLMON (MGL)
5. MAROS, Barbara (HUN)
7. Chintogtokh AZZAYA (MGL)
7. JUNG, Eun Jung (KOR)
Final Results for Women’s 57 kg
2. OTOMO, Makiko (JPN)
3. MONTEIRO, Telma (POR)
3. ZELTNER, Tina (AUT)
5. KARAKAS, Hedvig (HUN)
5. KIM, Jan-Di (KOR)
7. KOCHER, Fabienne (SUI)
7. LIEN, Chen-Ling (TPE)
Final Results for Women’s 63 kg
1. YANG, Junxia (CHN)
2. JOUNG, Da-Woon (KOR)
3. TRAJDOS, Martyna (GER)
5. Tsend-Ayush Tserennadmid TSERENNADMID (MGL)
5. LABAZINA, Marta (RUS)
7. MARTIN, Hannah (USA)
Final Results for Women’s 70 kg
1. Tsend-Ayush NARANJARGAL (MGL)
2. HWANG, Ye-Sul (KOR)
3. STAM, Esther (GEO)
3. PORTELA, Maria (BRA)
5. ZUPANCIC, Kelita (CAN)
7. MERLI, Nadia (BRA)
7. KIM, Jong Sun (PRK)
Final Results for Women’s -78 kg
1. SOL, Kyong (PRK)
2. MALZAHN, Luise (GER)
3. JOO, Abigel (HUN)
3. ROBERGE, Catherine (CAN)
5. FURMANEK, Katarzyna (POL)
7. RAIFOVA, Zarina (KAZ)
7. ZHANG, Zhehui (CHN)
Final Results for Women’s +78 kg
1. KIM, Eunkyeong (KOR)
2. KOCATURK, Gulsah (TUR)
3. KONITZ, Franziska (GER)
3. KUELBS, Jasmin (GER)
5. QI, Xiaonan (CHN)
5. SHEREMETOVA, Ekaterina (RUS)
7. YIM, Jeongsu (KOR)
Final Results for Men’s 60 kg
5. CHAMMARTIN, Ludovic (SUI)
7. Tsend-Ochir TSOGTBAATAR (MGL)
7. Ganbold KHERLEN (MGL)
Final Results for Men’s 66 kg
1. TAKAJO, Tomofumi (JPN)
2. Davaadorj TUMURKHULEG (MGL)
5. GAGNE, Patrick (CAN)
7. SEIDL, Sebastian (GER)
Final Results for Men’s 73 kg
2. Khashbaatar TSAGAANBAATAR (MGL)
3. NAKAMURA, Takenori (JPN)
3. HONG, Kuk Hyon (PRK)
5. JANG, Won Gi (KOR)
5. Ganbaatar ODBAYAR (MGL)
7. FOGEL, Leo (RUS)
7. Buuveibaatar KHISHIGBAYAR (MGL)
Final Results for Men’s 81 kg
2. WANG, Ki-Chun (KOR)
3. BLACH, Lukasz (POL)
5. WIECZERZAK, Alexander (GER)
7. SOBIROV, Shaxzod (UZB)
7. KRIZSAN, Szabolcs (HUN)
Final Results for Men’s 91 kg
2. TOTH, Krisztian (HUN)
3. DENISOV, Kirill (RUS)
3. SHIMOWADA, Shohei (JPN)
5. VER, Gabor (HUN)
7. SATTOROV, Davronbek (UZB)
Final Results for Men’s -100 kg
2. FREY, Karl-Richard (GER)
3. ORLIK, Flavio (SUI)
3. PETERS, Dimitri (GER)
5. CHO, Guham (KOR)
5. CIRJENICS, Miklos (HUN)
7. FONSECA, Jorge (POR)
7. REYES, Kyle (CAN)
Final Results for Men’s +100 kg
3. NATEA, Daniel (ROU)
5. Battulga TEMUULEN (MGL)
5. SARNACKI, Maciej (POL)
7. LIU, Jian (CHN)

Cabinet Meeting Resolutions in Brief: July 04, 2014
July 7 ( The regular Cabinet meeting of the Government was held on Friday, July 04, where the following issues were resolved.
- From the fund sourced from Samurai bonds realized at Japanese markets, the Government of Mongolia decided to finance manufactures of leather and skin endproducts and agreed to transfer through commercial banks a loan of 110.4 billion MNT (Tugrug) entrusted by Minister of Economic Development and Board of Directors of the Development Bank.
- Amendments were made to the Government Resolution No.71 “Regulation to allocate a stipend to a student studying at the higher education” that cites a student of a day course, who is studying at the accredited university or institute and whose GPA is over 2.0 is able to receive a national stipend of 70,200 MNT per month. Before, all students of day courses at accredited universities and institutes used to receive a monthly stipend despite of their GPA since January 2012, plus additional 50%, 75% and 100% bonuses depending on their study performances and profession categories. The new regulation is effective from 2014/15 Academic Year.
- The “Second phase of registration and documentation of national cultural heritage” was approved. Mongolia has been registering and forming the general informational data its cultural heritages since 1996. As of today, 66,712 pieces of 41,950 subsequent were registered, of which, 2,028 monumental, 23,287 historical and cultural, and 6,742 intangible cultural inherited values are registered.
- The draft of bills on joining the Maritime Labour Convention of the International Labour Organization (2006) and International Convention on Salvage (London, 1989) were agreed to submit to the State Great Khural (Parliament). By signing these Conventions, Mongolia will be enabled not to take any financial obligations and working conditions for seafarers working on ship carrying the Mongolian flag would be improved, besides bonuses, fees and compensations following the salvage operations after incidents will be regulated by the flag owner or Mongolia.
- Mongolia is chairing the UN Environment Assembly in 2014-2016 and in this regard, Minister for Nature, Environment and Green Development of Mongolia, Mrs. Sanjaasuren OYUN, who is elected as the President of UN Environment Assembly, is obliged to introduce to the Government of Mongolia measures to implement and its affiliated ideas and studies.
- On June 22-23, 2014, Chairperson of the Federation Council of the Federal Assembly of the Russian Federation, Mrs. V.I. Matviyenko has conducted an official visit to Mongolia and the visit summary was agreed to submit to the National Security Council of Mongolia obliged by Foreign Minister L.Bold.
- It was agreed to import about 1,000 tons of equipment required for constructional works for “Amgalan” Power Plant under Customs and VAT free.
Cabinet meeting in briefMontsame, July 6

Press conference held on visit of German FM
Ulaanbaatar, July 6 (MONTSAME) The Mongolia-Germany relations have been successfully developing in the politics, defense, trade, economy, culture, education and scientific fields in frames of the comprehensive partnership based on mutual interests and common principles of international relations.
The Minister of Foreign Affairs of Mongolia L.Bold said it at a press conference Sunday in a scope of the official visit here of his counterpart of the Federal Republic of Germany (FRG) Mr Frank-Walter Steinmeier.
Mr Bold expressed a confidence that this visit will give a significant impetus to our bilateral friendly relations’ history and will boost the cooperation.
Mr Steinmeier affirmed that his country’s government aspires to strengthen the relations and cooperation with Mongolia in the economic field. The ties have been developing with a great success, Mr Steinmeier noted and underlined that the collaboration in culture, sciences and archaeology has been boosting.
The German Foreign Minister said Germany is thankful to Mongolia for serving in international operations in Afghanistan together with German troops. He noted that the countries have reached an agreement to develop their relations and cooperation in the economy, minerals, environmental protection, environmentally-friendly technologies and renewable energy sectors.
In accordance with the programme, the German FM is to be received by the President Ts.Elbegdorj and the Premier N.Altankhuyag to share views on the bilateral collaboration. Moreover, he will meet with D.Terbishdagva, the Deputy Premier, and will hold a roundtable meeting for the economic cooperation.
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