US Embassy greets on 28th anniversary of U.S.-Mongolia diplomatic relations
By B. Khuder
Ulaanbaatar, January 27 (MONTSAME) The year 2015 marks the 28th anniversary of the U.S.-Mongolian diplomatic relations.
It was on January 27 of 1987 when the United States of America and Mongolia officially established such ties between them by signing the documents. The signatories--the U.S. Secretary of State George Shultz and Mongolia's Ambassador to the United Nations G.Nyamdoo--inked it in the Treaty Room at the United States' Department of State.
In 2012, the U.S. Embassy in Ulaanbaatar marked the 25th anniversary of the event both on the day it occurred and with a series of events throughout 2012.
Introduction runs of "Macroeconomic model–T21"
By B. Amarsaikhan
Ulaanbaatar, January 27 (MONTSAME) A workshop was held Tuesday at the State House to introduce the "Macroeconomic Model -T21" with a aim to improve a development of economic policy of Mongolia.
It was developed by Millennium Institute scholars with a support of the United Nations Development Program (UNDP). Present at the event were a head of the Standing committee on economy J.Batsuuri MP, a head of MPP faction S.Byambatsogt MP, a head of DP faction B.Garamgaibaatar MP, the country manager of the UNDP to Mongolia Thomas Erikson, the Millennium Institute director for modeling and analysis Weishuan Chu, along with the project group and policy planning professionals from several Ministries.
The head of the Standing committee on economy J.Batsuuri noted in his opening remarks that this model was re-adjusted to the Mongolian economic environment. Mr Byambatsogt informed the gathered that a working group has been set up for developing Mongolia’s long-term development policies and strategies and that the group is led by the heads of parliamentary factions of three main political parties. Also, a sub-group is operating for over a year now at the National Development Institute, collaborating with the State secretaries of related Ministries, he said.
The parliament member emphasized that the focus should be given to the coherence and efficiency of these groups’ activities.
The introduction of the T21-model for Mongolia was made by Mr Weishuan Chu. This model has been facilitated with economic, social and environmental assumptions, with a strict coherence, he said. The model is for a use when developing budget estimations and other short- and medium-term plans, and has been introduced to Mongolia in 2012. "The T21 is utilized in over 40 countries for their medium- and long-term planning," he added.
Coal companies request to stop dirt-road transports
By B. Amarsaikhan
Ulaanbaatar, January 27 (MONTSAME) "Erdenes Mongol" LLC organized a meeting January 26 to consult with "Mongol Teever" Union, Ministry of Environment, Green Development and Tourism, Ministry of Road and Transport, and Authority for Specialized Inspection, along with 50 entities engaged in coal transport.
Representatives of the entities made several requests to authorities/owners of roads to resolve some issues. They want them, for instance, to decrease the tariffs of a special use road that goes from Tavan Tolgoi deposit to Ganshuunsukhait port, to set a proper limit of permissible load, and to facilitate fair competition.
Other raised matters were on refining the road management and on setting up a favorable environment for business processes.
If these problems are solved, a good model will be set for the Public and Private Partnership (PPP), an environmental degradation will be reduced, and the fair competition will be provided, the businessmen consider.
EUR exchange rate against USD has weakened
January 27 (news.mn) According to the latest financial information, due to the election of Syriza - considered a leftist party and the second largest political party in Greece, the rate of the Euro against the USD has fallen.
When the election results were announced, the EUR reached 1.11 USD, which is the lowest rate seen since 2003.
Megaproject development forum to be organized
January 27 (news.mn) Mega projects implemented in Mongolia are the main factor in determining the future of Mongolia. A mega project forum is going to be organized with support from the Mongolian government.
A project which requires more than 1 billion USD in investment and also a project which requires a sizeable location and infrastructure considerations is called a "mega project".
At the forum, The Minister of Mongolia, M.Enkhsaikhan will give a presentation titled “Mega Projects in Mongolia: Trials and Possibilities”, and Sumitomo Mitsui Bank of Japan will present “Project Financing and Cooperation of the State and Private Sector”.
The Minister also plans to give a brief presentation regarding the problems and possibilities faced during the implementation of mega projects.
The non-governmental organization “Mega Project Development Forum” is organizing this forum. For more information regarding the forum call 99092460.
Tavan Tolgoi 2nd stage negotiations begin
January 27 (news.mn) Minister of Mongolia M.Enkhsaikhan reported on the progress of the Tavan Tolgoi project. Negotiations on Tavan Tolgoi between the Government of Mongolia and the three-party consortium of China Shenhua Energy Co Ltd of China, Sumitomo Corporation of Japan, and Energy Resources LLC officially began on January 5, and are moving into their second stage.
Minister M.Enkhsaikhan stressed that the parties have reached a consolidated ideas on the financial situation and on the issue of building a railway from Tavan Tolgoi to Gashuunsukhait.
The Minister emphasized, “Mongolia will not bear financial risk, thus we have asked the investor to elaborate on the draft of the concession agreement.
"Our working group has met and discussed all central issues and believe that all issues have been reflected in it. This is the most important point."
Representatives of the following organizations have been included in the discussions: Ministry of Mining, Ministry of Foreign Affairs, Ministry of Justice, Ministry of Roads and Transportation, Invest Mongolia Agency, Erdenes Tavan Tolgoi, and Mongolian Railway, participating at a professional level.
Court Information App
By B. Nyamdari
January 27 (gogo.mn) Court General Council introduced the new application for smart phone that includes the court rulings during the monthly Open Court press conference.
Court General Council has been open for the public with their shuukh.mn website, which displays the court rulings and decisions in order to help students and researchers and anyone interested.
This digital database covers 109,647 rulings of 79,356 cases, whereas Shuukh App covers 39,490 rulings of 29,334 cases. Digital database is accessed by 7000-8000 users daily.
The digital database /www.shuukh.mn/ was launched with the help of the Transparent Governance Project funded by US, in order to increase the use of digital database, improve the legal education of the citizens. In the scope of this project smart phone and tablet applications and digital database has been established.
Shuukh /Court/ app is available at app stores for free and the user can access the database of court decisions and rulings, other necessary information.
The app enables the user to receive the alerts and notifications on newly uploaded rulings and decisions, see the locations of the courts on the map and get information on the State Registration fees, case registration, related phone numbers and websites.
State Honored Athlete aged 74 to climb Everest
By B. Chimeg
January 27 (gogo.mn) International Sports Master at Alpinism, State Honored Athlete, Khovd aimag Emergency Center Trainer and elder sportsman T.Gurragchaa has started his training to climb the Jomolungma Peak in Everest in coming April-May.
He has experience of climbing at high summits such as Khan Tenger peak at borders of Kazakhstan and Kyrgyzstan at the height of 7010m in 1990 and Mera Peak and Lobuche Peak at Himalayan Mountains in 2001.
Jomolungma Peak is elevated at 8850 m above the sea level and there was no history of elder alpinist aged 74 ever climbed this peak. T.Gurragchaa thou is very confident that he can make it to the top.
He is to conduct press conference today at 12PM at MN News.
Deputy Minister to meet with management of the agencies
By B. Ireedui
(gogo.mn) (Ulaanbaatar) Jan 27, Deputy Minister of Mongolia U.Khurelsukh is to meet with Ambassador Plenipotentiary of France at 10AM today.
Next on agenda is meeting with UN Resident Coordinator at Government Building at 12PM.
At 3PM Deputy Minister is to meet with Head of Emergency Services, Head of Fair Competition and Consumer Protection Agency, Head of Standard and Measurement Agency, Head of Procurement Agency and Head of Intellectual Property.
Government of Mongolia Resolves to Set Criteria for Students to Receive Monthly Stipend of 70 Thousand MNT
January 27 (infomongolia.com) The regular Cabinet meeting of the Government took place on January 26, 2015, where one of the issues resolved was a decision to increase the criteria for students to receive monthly government scholarships or stipendium.
To date, the Government of Mongolia has been allocating four types of stipend to students who are studying at the accredited universities and institutes, where all students of day courses are being granted with the national student's monthly stipend of 70,200 MNT (Tugrug) starting from January 01, 2012 and later it was resolved to allocate an additional 50%, 75% and 100% bonuses for the top 20 professions of high demand depending on their study performances.
According to latest decision, it was resolved to make amendments on higher education policy regarding the monthly stipendium, which states, all students used to receive the national monthly stipend of 70,200 MNT and who are studying at the accredited universities and institutes for day classes will receive a monthly stipend depending on their study performances.
In other words, as soon as the decision goes into effect,
1. The national student's monthly stipend of 70,200 MNT shall be allocated to those students whose GPA is no less than 3.0 score. Today, each student whose GPA is above 2.0 receives the 70 thousand MNT.
2. The criteria for Master Degree students is increased from 2.8 to not less than 3.2
3. The criteria for Doctorate Degrees is increased from 3.0 to 3.5.
Moreover, criterions for above mentioned additional 50%, 75% and 100% bonuses have been also increased.
1. The criteria for 50% bonus is increased from 3.4 to 3.6
2. The criteria for 75% bonus is increased from 3.6 to 3.8
3. The criteria for 100% bonus is remained or to a student, who receives top three places from the National Olympiad organized by the Ministry of Education, Culture and Science of Mongolia.
This decision was much anticipated by majorities, because not only to save the budget, but also students who are really studying hard must be valued and rewarded with a monthly stipend compare to those students, who spend for a party.
Threshold for nat’l stipend and scholarships rises – Montsame, January 27
Student Stipend Eligibility Changes – gogo.mn, January 27
"INSPIRED BY ZAYA" - Human Rights Attorney M.Ichinnorov
January 27 (gogo.mn) “INSPIRED BY ZAYA” TALK SHOW
“Future of Mongolia is not just mining. Instead I believe our future is dependent on educated, intelligent and multifaceted youth”. I want to proudly introduce those talented and educated young professionals to others.
We are delivering the next episode of the Inspired by Zaya talk show hosted entirely in English language, encouraging and inspiring the future of Mongolia to commit to learning English language and enhance possibilities in life. This episode features M.Ichinnorov, one of the profound Human Rights Attorneys in Mongolia. She has become one of the strong voices in our society. She is the Human Rights Attorney and she shared with us valuable thoughts. Attorney M.Ichinnorov worked as the Guest Researcher at JFK School at Harvard, completed her master’s degree in International Human Rights at Washington University. For the full episode please click here.
Sumitomo is in charge of the main sales therefore is to invest majority
By E. Enkhmaa
January 27 (gogo.mn) Tavantolgoi Investors have been announced on January 5th and consortium of Sumitomo Japan, Shenhua China and Energy Resources Mongolia have won the bids, followed by the series of negotiations. First phase of which have focused on current situation, financials and Gashuunsukhait railroad.
Parties have reached the mutual understanding. Minister of State M.Enkhsaikhan have reported on the negotiation progress and announced that this week two major meetings are to be conducted involving the extended working groups.
How far the negotiations went?
Mongolia is not to bear any financial risks. Therefore, we have proposed the investors to come up with their versions of concession agreements. Mongolian side represented with over 30 officials including Ministers of Mining, Foreign Affairs, Justice, Road and Transportation and Investment Agency have reviewed the initial concession agreement draft and have concluded that it covers all the issues and matters to be concerned of.
This is the important result. Basing on the first outcomes we are conducting the second phase of negotiations with extended working groups. We are reporting the negotiations progress to the Government of Mongolia and National Security Council. This is important to have integrated context on mega projects like this one, as it will be the milestone for other projects.
How the investments are to be funded?
Investors to provide 30 percent of the total investments from their own sources, while remainder 70 percent will be raised from the capital markets involving international banks and financial institutions. Sumitomo is in charge of the main sales therefore is to invest majority. Meaning, Sumitomo will provide about 20-30 percent of the total investments required.
What are the issues that have been addressed during the negotiations?
Negotiations are half done. We have negotiated on what issues to be covered and what agreements to do. Second phase of the negotiations are focused at coming up with solutions.
We are aiming at processing plants for production of the value added products and are linking the railroad projects here as well. There are issues with regulating the relations of State Owned Companies Erdenes Tavantolgoi and Mongolian Railways. On top of investment agreement and railroad concession agreements.
What has been agreed so far?
Agreement scope is very broad. One agreement covers over 80 issues. It is hard to report on each of them as of now. There are many issues in the investment and concession agreements to comply with Mongolian legislation. Moreover, we are working on fulfilling the investors’ requirements and comply to international standards as well.
What are the investors’ requirements?
There are many. We understand that their main focus is on the sustainable and successful implementation of the project. We are representing Government of Mongolia and during the negotiations there are requirements to comply with international standards, as the investors are to raise funds from international capital markets and banks. We have initially agreed on mutually beneficial strategy. This further ensures the transparency and innovation in the talks.
What are the economic benefits of the project?
Yesterday during the progress reports at the State Great Khural we have briefly introduced on the economic benefits for this project. If the negotiations are successful total investments needed over 30 years are calculated to be at USD 94 billion.
The project is sure to have high economic benefits. What is important here, there are many sensitive issues to be discussed during the negotiations. Therefore, second phase negotiations for this week are as well very important.
What about 1072 shares?
1072 is not the share that can be transferred over. There are no dividends for those. We are working to make it work. 20 percent of Erdenes Tavantolgoi has been transferred into 1072 shares.
Investments are to be directed at debt payments and operations and it is obvious that 1072 shares can be still frozen. We have reported on this matter to the State Great Khural, further we are to solve this issue.
Why the investments are to be raised from the financial market? There is possibility to raise funds from the capital markets as well?
The project is estimated for at least 30 years and there is no potential investor to invest in Mongolia, as Mongolia is considered as risky in terms of the investments. In this regard, investors usually stay away from such risks.
In order to diversify the risks investors seek for the financial markets. We are being positive, but we are not hiding anything.
As of January 22, 2015, there 22,904 foreign nationals from 117 countries are residing in the territory of Mongolia
January 27 (infomongolia.com) Last week, the Citizenship and Migration General Authority of Mongolia (Immigration Office) announced that there 22,904 foreign nationals from 117 countries are residing in the territory of Mongolia as of January 22, 2015.
These nationals are staying in the country with various purposes such as upon invitation by public and private organizations including their accompanied family members as well as personnel to work under contract, investors and foreigners to study and involve in training programs, of which, 8,448 personnel are registered to work under contract, 2,801 investors and 1,323 students.
According to the Law of Mongolia on the Legal Status of Foreign Citizens, the total number of foreign nationals residing in the territory of Mongolia on private purposes should not exceed three percent (3%) of total population of Mongolia, whereas, foreign nationals from one state should not exceed one percent (1%) of the total population respectively.
Industrial sector to draft a policy document
January 27 (news.mn) During yesterday’s Governmental meeting, Advisor to the Prime Minister Ts.Munkhtur reported that two issues have been discussed within the industrial sector.
He stated, "It is now the time to decide whether the government should remain a country with an importation policy."
The Ministry of Industry has established a working group which is going to draft a policy paper on the industrial sector to be adhered to by the state.
In yesterday's meeting, Minister of Industry D.Erdenebat introduced the concept of the industrial policy paper.
State policy on industry to be created – Montsame, January 27
2015 a ‘Once in a Generation Opportunity’ for Sustainable Development
January 26 (undp.org) The head of the United Nations Development Programme (UNDP) said today that while there is tremendous volatility and turmoil around the world, this year presented a unique opportunity to eradicate poverty and agree on a path for sustainable development.
“At UNDP, we see 2015 as a huge opportunity to advance the global sustainable development agenda,” said Helen Clark at the opening session of UNDP’s Executive Board meeting in New York. “The Millennium Development Goals are set to expire at the end of this year and UN Member States will meet in September to agree on the new Sustainable Development Goals, which will guide global development priorities for the next 15 years.”
She also cited other events this year that would be critical to global development: the 3rd World Conference on Disaster Risk Reduction in March, in Sendai, Japan; the 3rd International Conference on Financing for Development in July in Addis Ababa, Ethiopia; and the UN climate change conference in Paris, France, in December.
“The combined outcomes of these major processes are a once in a generation opportunity to set a transformational global agenda for sustainable development,” she said.
In her statement she also outlined UNDP’s work in response to current crises around the world such as the refugee crisis in countries neighboring Syria, and the crises in Central African Republic, South Sudan, Ukraine, and many others.
“Through our work on early recovery we aim to support countries to move from the relief phase to recovery as quickly as possible,” she said.
She also discussed UNDP’s implementation of its new Strategic Plan and its ongoing reforms to make the organization more effective and efficient.
She also welcomed Fernando Carrera, Permanent Representative of Guatemala to the UN, on his election as President of the UNDP/UNFPA/UNOPS Executive Board and thanked outgoing President Peter Thomson, Permanent Representative of Fiji to the United Nations.
“This is an exceptional time for the development community”, said Carrera, “The months leading up to the adoption of the Sustainable Development Goals offer a unique opportunity for all of us to shape a global agenda for the next generation that will ensure a reduction of poverty and inequality for the world’s poorest and most vulnerable.”
“Likewise, in the run-up to the UN Climate Change Conference in Paris in December, this year is equally crucial for the international community’s combined efforts to counter the effects of climate change.”
“The Executive Board will continue to oversee and support UNDP in the coming year, in particular in the Organization’s ongoing efforts to strengthen oversight and accountability amongst partners and donors.”
Concluding her remarks, Clark said: “UNDP is fully committed to playing its part in making 2015 a launch pad for stepped up efforts to advance human, sustainable, and resilient development for all countries and peoples. We look forward to working with the Board to this end, and thank you once again for your support for our work.”
"Healthy liver-Healthy Mongolian" discussion runs
By B. Amarsaikhan
Ulaanbaatar, January 27 (MONTSAME) Such a discussion ran January 27 at the State House. The opening remarks were given by a head of the Standing committee on social policy, education, culture and sciences D.Battsogt MP.
In Mongolia, liver diseases are the second major cause of death after cardiovascular diseases, he noted. "In order to run early diagnose of hepatitis, works must be forwarded such as running hepatitis tests, registering and treating patients suffering from hepatitis, training and awareness raising. The increased cases of hepatitis is caused by inadequate hygiene of blood supplements and medical equipment, so we should make all possible efforts to eliminate those transmitting factors,” he added and said the discussion is to address the means of reducing the liver diseases, prevention, and further actions. Introductions were made by the Minister of Health and Sports G.Shiilegdamba on measures taken by the Government for reducing liver diseases in frames of the impelementation of “Healthy Mongolian” action plan. The permanent representative of the Wold Health Organization (WHO) to Mongolia Dr Soo Nyunt-U said Mongolia is leading the global fight against Hepatitis.
Executive director of the National Center for Infectious Diseases Studies Dr D.Nyamkhuu and the executive director of the National Center of Oncology Dr D.Tomorbaatar gave separate presentations themed “Measures taken for combating and preventing hepatitis, further actions".
Present at the event were also G.Bayarsaikhan and S.Odontuya MPs, together with representatives of related healthcare organizations.
Statistics say there are 750 thousand people in Mongolia recorded to be suffering from chronic level of Hepatitis (from Hep-B –300 thousand, from Hep-C–450 thousand). On international level, a number of deaths in Mongolia caused by liver infections exceed the global average eight times.
Rule to be altered of state fund actions
By B. Khuder
Ulaanbaatar, January 27 (MONTSAME) At its meeting on Monday, the cabinet obliged J.Erdenebat MP, the Minister of Finance, to re-approve the rule of the state fund’s actions and to monitor its implementation.
This rule is a legal document that implements equal and responsible realization of the budget nationwide. As believed, the amendment will manage the budget’s implementation based on programmes, improve the budget’s monitoring and responsibilities, enhance the financial disciplines, and slacken the centralization of budget.
Managing the budget implementation based on programmes means that both output and costs will be deeply considered rather than focus on costs of governmental programmes only.
Medal being awarded to UNDP Resident Representative for work in the national emergency sector
January 27 (news.mn) Deputy Prime Minister of Mongolia U. Khurelsukh awarded the medal for leading official in the national emergency sector of Mongolia to UNDP Resident Representative Sezin Sinanoglu, recognizing her contributions to the development of the national emergency sector. The ceremony was organized at the Government House.
During the ceremony, Deputy Prime Minister of Mongolia U.Khurelsukh expressed gratitude to Ms. Sezin Sinanoglu for the implementation of projects and programs with the cooperation of U.N. organizations, joint seminars, conferences and meetings organized in Mongolia and stressed that five officials of the National Emergency Center of Mongolia have become members of the United Nation's team of disaster evaluation and coordination.
UN permanent representative awarded – Montsame, January 27
Decree backed on industrialization support
By B. Khuder
Ulaanbaatar, January 27 (MONTSAME) The cabinet meeting on Monday discussed and then backed in principle a governmental proposal which is to be forwarded to the Presidential draft decree on giving directions regarding an industrialization intensification.
The cabinet decided to add a clause to this proposal on taking several-phase actions to prepare workforce at universities, institutes, vocational training centers in Mongolia and abroad.
The President’s decree has been worked out after considering as necessity to urgently intensify the country’s industrial sector and consulting related issues with businessmen, scholars and researchers. The decree says about several actions that will support the public–private partnership and intensify import substitution industrialization as well as the manufacture of environmentally-friendly productions.
President’s advisor receives Olympic medalists
By B. Amarsaikhan
Ulaanbaatar, January 27 (MONTSAME) Advisor to the President A.Ganbaatar received Tuesday representatives of the Association of Mongolian Medalist of Olympics—bronze-medalist of Mexico Ch.Damdinsharav, bronze-medalist of Moscow R.Davaadalai, and a bronze medalist of Barcelona N.Bayarsaikhan, the secretary- general of the association.
At the meeting the medalists submitted their proposal on organizing a meeting between the President and the Olympic Games and World Championships medalists. They also conveyed their heartfelt gratitude to the President for issuing a decree on August 16 of 2012 about issuing monthly cash for the medal winners of Olympic Games and world championships.
MNT 3 billion is expected from Exploration licenses
January 27 (gogo.mn) Mineral Resources Agency of Mongolia (MRAM) has started issuing registration numbers online for exploration license applications yesterday. Yesterday 30 registration numbers have been issued online and the entities applying are to submit their applications today.
Online registration started at 8AM yesterday and 373 entities have successfully registered out of total 377.
The first day of registrations started normal. Online automated registration was introduced in order to provide the same starting conditions for all the applicants. During the first minutes due to the increased access there were glitches in the system.
But the situation eased and by 8.10AM first registration number was issued. The last 30th registration number was issued by 8.19AM. There were no system failures registered, but MRAM received complaints on malfunctions of the device.
Head of the MRAM D.Uuriintuya assured that all the complaints were addressed.
Changes in the registration process have been made to lower the daily load of MRAM specialists who review the applications for the exploration licenses. Before the registration number were set to be issued daily, new regulation reads every other day. This means the next online registration is to be held tomorrow. This will also enable MRAM to control and eliminate the overlapping of the coordinates requested by the entities.
Meaning that one coordinate is available for claim by one entity. Therefore, entities should be careful when selecting the coordinates. Detailed information on the availability of the coordinates to be updated constantly on the MRAM website.
30 registration numbers are being issued per day in the view of the need for the MRAM specialists to review the application to spend 15 min per application. The officials at MRAM also mentioned that there are 300 exploration licenses issued and the re-issuing will double this number and around MNT 3 billion to be accumulated at state budget.
Mineral Resource Authority of Mongolia to grant 30 application numbers per day – news.mn, January 27
Government is rushing with Tavantolgoi
By B. Ireedui
(gogo.mn) (Ulaanbaatar) Jan 27, MPP Group at State Great Khural was reported on the Tavantolgoi Investment Project progress yesterday by the Minister of State M.Enkhsaikhan.
MPP Group leader S.Byambatsogt commented that previous Governments have tried to do the negotiations on Tavantolgoi for several years but never succeeded. During the joint Government in 2008-2012 Human Development Fund distributed MNT 1.5 million for every citizen and some citizens became shareholders of 1072 shares. But currently there is no value attached to those shares.
Therefore current Government should be focusing on those shares first and then talk about supporting national companies and entities. Moreover, working group needs to be established on improving the benefits of Tavantolgoi deposits for the Mongolia. The working group is to be led by MP Ya.Sodbaatar and is to focus on the adding value to 1072 shares.
The working group is to send official letter to PM on this matter under Parliamentary supervision requesting the open and transparent process. As Government is rushing with Tavantolgoi, MPP group is to pay attention on this matter.
Whole Lamb Loin is around MNT 150K-400K
By B. Nyamdari
January 27 (gogo.mn) As the Tsagaan Sar /Mongolian Lunar New Year/ approaches in less than a month Mongolians prepare for the festivities.
Every household is on rise for the preparations of buuz /dumplings/, cookies, gits and most importantly the main feature of the festive table Uuts /whole lamb loin/.
Whole lamb loin prices at the food markets are differing according to its size. For instance, At Khuchit Shonkhor market the whole lamb loin is ranging between MNT 150K-400K.
We has a chance to inquire information from the meat reseller P.Enkhbold.
What is the average price for the loin?
The smallest with over 30 kg is around MNT 150K-170K, much bigger one with 40 kg is around MNT 250K, while big loins with bigger tail with over 50-60 kg is at MNT 400K.
How about the sales?
Compared to last year not much. I sell 5-6 loins per day. Hopefully this number will improve as the festivities approach.
Which loins are mostly sold?
Bestselling ones are of MNY 150K anad MNT 250K. There are not many to sell and buy the loins for MNT 400K.
Have the prices increased compared to previous year?
Due to the excessive supply of meat this year the prices are lower compared to last year. For instance last year i was selling the loins for MNT 6000 per kilogram, while this year I sell for MNT 5000.
“Made in Mongolia and Tsagaan Sar 2015” Exhibition & Trade Fair Starts Today across Ulaanbaatar
January 27 (infomongolia.com) The Ministry of Industry and Ministry of Food and Agriculture in collaboration with the Capital City Mayor's Office are organizing the annual "Made in Mongolia 2015" Exhibition and Trade Fair in Misheel Expo Center, Ulaanbaatar from January 27 to February 04, 2015.
This year’s event is organized under “Let’s Support National Manufacture” motto that welcomes country’s largest traditional festivity of Tsagaan Sar, Mongolian traditional lunar new year. At the exhibit over 130 entities will be displaying their products and services to appeal and promote national industry.
Moreover, the “Made in Mongolia & Tsagaan Sar” exhibits will be also organized in six districts of UB in the following locations.
1. Bayanzurkh District
- Pavilions outside the “Sky” Supermarket
- Pavilions outside the Wrestling Palace
- “Tenger” Wholesale Trade Center
2. Sukhbaatar District
- Pavilions on Tserendorj Street
3. Chingeltei District
- Pavilions on Independence Square
- Pavilions on the east side of “Urt Tsagaan” Street
4. Bayangol District
- “Leon” Tower
5. Khan-Uul District
- “Sky Trading” Center
- “Nomin” Wholesale Trade Center
- “Home Plaza-2”
- “Nomin” Supermarket
6. Songinokhairkhan District
- “Silver” Trade Center
- “Suvdan Tuv” Trade Center
To remind, the first day of the first spring month by lunar calendar or first day of Tsagaan Sar occurs on Thursday, February 19, 2015.
Speaker Meets Ambassador of Laos
By B. Amarsaikhan
Ulaanbaatar, January 27 (MONTSAME) Chairman of the State Great Khural Mr Z.Enkhbold received Tuesday the Ambassador of the Lao People’s Democratic Republic to Mongolia Mr Bouhang Sayasanawo.
The Speaker noted that the high-level interactions of the two countries have stabilized and the relations have expanded in the recent years. He said Mongolia and Laos should extend their great relations that are based on the many-year ties in all possible spheres, although the two countries' location still cause problems in transportation.
Mr Enkhbold also emphasized that Laos is a traditional and longtime partner of Mongolia in South-East Asia and expressed his trust that Laos will support Mongolia in joining the negotiation mechanisms such as Eastern Asian Summit and becoming a dialogue partner to the ASEAN.
The Ambassador thanked the Speaker for receiving him and expressed his belief that Mr Enkhbold will greatly contribute to the intensification of friendly relations and cooperation of the two countries.
Cabinet Meeting in Brief
By B. Khuder
Ulaanbaatar, January 27 (MONTSAME) The cabinet meeting on Monday amended a governmental resolution on some measures to be taken in wheat production, so the incentive, given to the wheat producers, will become now MNT 70 thousand per ton.
- The cabinet backed the second report on the human rights condition in Mongolia and ordered L.Purevsuren, the Minister of Foreign Affairs, and D.Dorligjav, the Minister of Justice, to convey the report to the Office of the High Commissioner for Human Rights (OHCHR).
- The Minister of Labour S.Chinzorig reported about establishments of the 2015-2016 trilateral accord and a cooperation memorandum on labour and social agreement. The cabinet had re-approved the rule of the trilateral national committee on labour and social agreement.
- Obligations were given to S.Bayartsogt, a head of the Cabinet Secretariat for Government, and to cabinet members to give a general understanding and directions about the 2015 master guidelines for social-economic development, 2015 budget, implementing matters of the “Glass” account law, measures of overcoming economic difficulties and governmental policy and actions, to the heads of the Citizens’ Representative Khurals and governors of aimags and the UB city.
- The Minister of foreign Affairs L.Purevsuren gave a report on the second Compact Contract to be established between the government and the U.S. Millennium Challenge Account (MCA). A delegation headed by acting president of the MCA for Asian affairs is visiting Mongolia these days to sign the document, he said.
- An obligation was given to S.Erdene, the Minister of Population Development and Social Welfare, to approve a plan of works to be done in line of the 12th meeting of the Mongolia-France intergovernmental commission for the economy, science and technical cooperation held in October of 2014 in Ulaanbaatar. He will monitor the works’ implementation under the obligation.
- The Vice Minister of Construction and Urban Development G.Baigalmaa was obliged to approve a plan of works to be done in frames of the second meeting of the Mongolia-Belarus intergovernmental commission for trade, economy, science and technical cooperation held last year in Minsk, Belarus.
Deputy Prime Minister receives French Ambassador
January 27 (news.mn) The Deputy Prime Minister of Mongolia, U.Khurelsukh, has received Ambassador Extraordinary and Plenipotentiary of the French Republic to Mongolia, Yves Delaunay. This year is the 50th anniversary of the establishment of a diplomatic relationship between Mongolia and France.
At the meeting, France’s Ambassador, Yves Delaunay thanked U.Khurelsukh for sending condolences for the loss of lives in the terrorist attack at the office of Charlie Hebdo.
He pointed out that the political and economic relationship between France and Mongolia is being actively developed and noted that France is willing to cooperate with Mongolia in many fields, and that he is confident that the two countries will cooperate in comprehensive partnership.
Deputy Premier meets Ambassador of France – Montsame, January 27, 2015
Stock Exchange News for January 27
By B. Khuder
Ulaanbaatar, January 27 (MONTSAME) At the Stock Exchange trades on Tuesday, a total of 206 thousand and 349 units of 24 JSCs were traded costing MNT 19 billion 618 million 202 thousand and 731.00.
"Mongol makh expo” /1,120 units/, “Binse HK” /610 units/, “Gutal” /483 units/, “Makh impex” /419 units/ and "Mongol shevro” /357 units/ were the most actively traded in terms of trading volume, in terms of trading value were "Gutal” (MNT five million and 313 thousand), "Mongol makh expo” (MNT two million 717 thousand and 285), “Makh impex” (MNT one million 403 thousand and 750), “Mongol shevro” (MNT 878 thousand and 800) and "Gobi” (MNT 481 thousand and 910).
The total market capitalization was set at MNT one trillion 394 billion 701 million 383 thousand and 173. The Index of Top-20 JSCs was 14,416.40, decreasing 6.31 units or 0.04% against the previous day.