Mongolia Brief March 28, 2014
Foreign
Affairs Minister receives Ambassador from Vietnam
March 28
(news.mn) The Minister of Foreign Affairs of Mongolia L.Bold received the
Ambassador Extraordinary and Plenipotentiary to Mongolia from the Socialist
Republic of Vietnam, Phan Dang Duong, for the presentation of the new
Ambassador’s Credentials and to exchange views on bilateral cooperation on
March 27th, 2014.
Foreign
Minister L.Bold said that he is keen to increase bilateral friendly relations
and cooperation noting Mongolia`s willingness to become a member of APEC and
become a partner on negotiation for ASEAN. He expressed hopes that the
Vietnamese Embassy would support and cooperate Mongolia to get support from
other members of ASEAN.
Ambassador to
Mongolia from the Socialist Republic of Vietnam Phan Dang Duong commented that
he would make the effort to contribute to the strengthening of bilateral
relations and cooperation between Mongolia and Vietnam.
Related:
Foreign
Minister Meets Ambassador of Vietnam – Montsame,
March 28
Honorary
Consulate of Mongolia opens in Albania
March 28
(news.mn) An Honorary Consulate of Mongolia has opened in Tirana in the
Republic of Albania during the official visit by the Deputy Foreign Minister
D.Gankhuyag. Ms.Belma Chela has been appointed as honorary consul from Mongolia
to Albania.
Present at the
opening ceremony of the Honorary Consulate of Mongolia in Albania were the
Deputy Foreign Minister of Mongolia D.Gankhuyag, the Chairman of the Parliament
of the Republic of Albania Mr. Ilir Meta, the Minister of European Integration
for Albania Ms. Klajda Gjosha, the Minister of Education and Sports Lindita
Nikolla, the Minister of Foreign Affairs Ditmir Bushati and some
Parliamentarians.
Honorary Consul
Ms.Belma Chela commented that she would fulfill her duty responsibly, and focus
on intensifying bilateral cooperation, and increase economic trade and
investment.
For the event,
a photo exhibition displaying Mongolia and a traditional folk concert were
performed to guests.
Related:
Honorary
Consulate Opens in Albania – Montsame,
March 28
Our
Justices Meet with Foreign Arbitration Delegates
Ulaanbaatar,
March 28 (MONTSAME) Mongolian judges of Chamber for civil cases of the Supreme
Court Wednesday received some foreign delegates who are participating here in
international conference on commercial arbitration.
The sides
exchanged views and opinions on court participation in arbitration operations,
realization of decisions of domestic and foreign arbitration and other
matters.
Among the
visitors were Mr Andrea Carlevaris, the Secretary General of the International
Court of Arbitration of the International Chamber of Commerce /ICC/, and Mr
Aleksandr Tsuladze, the department of Court Statistics and Generalization of
Georgia.
Finance
Minister Receives Vietnamese Colleagues
Ulaanbaatar,
March 28 (MONTSAME) The Minister of Finance Ch.Ulaan Thursday received the
Vietnamese delegation led by Mr Nguyen Cong Nghiep, the Vice Minister of
Finance.
The delegation
is here to study an experience gained by the Ministry in the budget management
and in running financial system, and to intensify cooperation between the two
Ministries.
The visitors
gave Mr Ulaan a draft of cooperation memorandum they want to establish with our
Ministry and invited the Minister and his Deputy S.Purev to Vietnam with
visits.
Ambassador
G.Batjargal to Represent Mongolia at IACA
March 28
(infomongolia.com) The Ambassador and Permanent Representative of Mongolia to
the International Organizations in Vienna Gunaajav BATJARGAL presented a Letter
of Credence to the Dean of International Anti-Corruption Academy (IACA) Martin
Kreutner on March 26, 2014.
Following the
credential handing ceremony, sides discussed and exchanged views on bilateral
cooperation between Mongolia and the IACA. During his meeting, Permanent
Representative G.Batjargal emphasized the importance of the Memorandum of Understanding
signed between the Independent Anti-Corruption Authority of Mongolia and the
IACA in August 2013 and conveyed the invitation from Commissioner General
N.Ganbold to Dean M.Kreutner to visit Mongolia at his convenient time.
IACA Dean
M.Kreutner recalled with pleasure his attendance at the VII Ministerial
Conference of the Community of Democracies held in Ulaanbaatar last year and
praised Mongolia’s active role in the fight against corruption and its
prevention.
Dean M.Kreutner
warmly accepted the Commissioner N.Ganbold’s invitation and expressed his
interest to involve Mongolians for Master Degree program at the International
Anti-Corruption Academy.
Mongolia is a
Party to the Agreement for the Establishment of IACA as an International
Organization since June 2013.
Related:
Mongolian
Representative Presents Credentials – Montsame,
March 28
Speaker
to Work in Aimags
Ulaanbaatar,
March 28 (MONTSAME) The Chairman of the State Great Khural (parliament)
Z.Enkhbold Friday headed for Ovorkhangai and Bayankhongor aimags with a March
28-31 working tour.
On the first
day of the tour he will get acquainted with activities of a farm of “Alpine”
goat in Arvaikheer of Ovorkhangai.
In Bayankhongor
province, Z.Enkhbold will attend opening ceremonies of a "New soum
center" project and diagnostic center. After this, he will hold meetings
with the local people.
The Speaker is
being accompanied by Kh.Battulga, the Minister of Industry and Agriculture;
D.Ganbat and R.Burmaa MPs; B.Boldbaatar, the secretary-general of the
Parliamentary Office.
U.S.
Secretary Of Defense Charles Hagel to Visit Mongolia Next Week
March 28
(infomongolia.com) According to American Forces Press Service from March 27,
2014, the United States Secretary of Defense Charles Timothy Hagel will travel
next week to the Asia-Pacific region to convene a meeting with his counterparts
of Japan, People's Republic of China and Mongolia.
The trip will
be the U.S. Secretary of Defense Charles Hagel’s second official visit to Japan
and first to China and Mongolia since serving at his current post.
In Japan,
Secretary of Defense Ch.Hagel plans to strengthen military-to-military
relationship and will discuss with Minister of Defense Itsunori Onodera on
regional security matters.
In China,
Ch.Hagel will have a full complement of bilateral engagements between the
defense sectors and on regional security issues as well.
Pentagon press
secretary John Kirby told reporters, “Mongolia is becoming a more important
security partner for the United States, having deployed forces to Iraq and
Afghanistan and in peacekeeping operations worldwide, and during his visit
Ch.Hagel will thank Mongolia for its contributions and discuss ways to enhance
future United States-Mongolian cooperation.
As one of the
world’s fastest-growing economies, Mongolia has a growing stake in stability
across the Asia-Pacific region and it expects Secretary of Defense Ch.Hagel
will also to discuss regional security matters”.
This is the
second visit at the United States Defense Secretary-level to Mongolia since
2005, when the first official visit was conducted by then U.S. Defense
Secretary Donald Rumsfeld on October 22, 2005. The visit was aimed to elevate
the Tavan Tolgoi Training Center into a "peacekeeping center of
excellence", whilst the United States had been participating in the Khaan
Quest multinational peacekeeping exercise since 2003.
Shortly after,
the U.S. President George Bush, First Lady Laura Bush and Secretary of State
Condoleezza Rice had conducted a historical visit to Mongolia on November 21,
2005.
The latter U.S.
Defense delegates’ visit to Mongolia was headed by the U.S. Deputy Under
Secretary of Defense James Miller made on May 04-05, 2012. Also, the United
States Secretary of the Navy Ray Mabus visited Mongolia to observe the Khaan
Quest 2012 in August.
Mongolia and
the United States of America have established the diplomatic relations on
January 27, 1987.
Related:
US
Defense Secretary to Visit Mongolia – Montsame,
March 28
Three
Projects on Wind Farm Expected Here
Ulaanbaatar,
March 28 (MONTSAME) In 2014, some realization might occur within three wind
farm projects in the nation, informs the Mongolian Wind Energy Association.
One of them is
Aydiner Global LLC of Turkey, who is planning to implement Choir wind farm
project in central Gobisumber province. The wind farm will have a capacity of
50 MW and use Vestas 2 MW wind turbines. The Contractor is planning to finance
50%-70% of the project investments estimated at 95 million USD from bank loans,
and to put the wind farm into service in 2016. The wind farm is expected to
annually give electricity of 137 million KW to the central region via
transmission link.
Another project
of Sainshand Wind Farm is scheduled to go online late 2015 to produce 190
GW hours of electricity a year. Well known for its rich underground deposits of
coal, copper and gold, Mongolia’s sun-parched, wind-raked Gobi desert also has
considerable potential for renewable energy. Ferrostaal Industrial Projects
GmbH, a German industrial services company, will take a major stake in this 52
megawatt wind farm project planned for a remote city in Mongolia’s Gobi.
Mongolia
anticipates that by 2020, a fifth of its energy will come from wind power. Last
year, Mongolia opened its first wind farm, a 50 megawatt facility at Salkhit,
located 70 kilometers south of Ulaanbaatar.
“Eureka”
Scientific Conference Approaching
Ulaanbaatar,
March 28 (MONTSAME) The "Eureka" annual scientific conference of
young teachers and students will run April 16 in the State House.
The action will
bring together best students and teachers from universities and institutes who
are qualified from the first-round competitions for scientific reports.
For the time
being, the Mongolian State University (MSU), University of Sciences and
Technology, Universities of Humanity and Agriculture have selected their
participants to take part in the "Eureka".
Sub-meetings
will launch from April 7 under ten topics.
Mongolian Music Band to Tour Country
Ulaanbaatar,
March 28 (MONTSAME) Mongolian pop opera group "Overture" is planning
to begin its tour across the country this April, in celebration of its 5th
anniversary.
So far
announced tour stops of “Start with no Ending” tour include Zuunkharaa town
(April 12), Darkhan city (April 13), and Erdenet city (April 14).
The organizers
of the concert tour are the Anir Recording Studio and the State Bank of
Mongolia. The Mongolian Military Ensemble will join the band in the tour
concerts which are expected to continue in eastern provinces during this
summer.
Amka and Three Golden Rules
Ulaanbaatar,
March 28 (MONTSAME) A Mongolian film "Amka and the Three Golden
Rules" by Babar Ahmed has been included in program of the 38th Cleveland
International Film Festival running through March 30 in Downtown Cleveland, the
US Ohio.
The 86-min film
was screened in Mongolian with English subtitles three times on March 22, 24
and 27, during the largest film festival in Ohio that consists of more than 170
feature films and 160 short films from 60 countries.
The film also
will be screened November 7-9 at Boston International Kids Film Festival that
features nearly 50 films that are by, for and about children, including
features, documentaries, shorts and international films.
"Amka and
the Three Golden Rules" is about a 10-year old orphaned boy (stunningly
embodied by the young T.Ganzorig) who collects cans to make money to feed his
sister and keep his family clothed and fed in their yurt in rural Mongolia.
Civil Aviation Authority of Mongolia tops corruption research
March 28
(news.mn) Joint research conducted by the Anti-Corruption Authority of Mongolia
and “MDS”, a private law firm, reveals that one in every 200 civil servants has
committed corruption.
It is believe
that the reason why there is not a reduction in corruption cases is that that
entities and organizations spend no budget to fight against corruption.
The joint
research by the Anti-Corruption Authority of Mongolia and “MDS” involved 50
state agencies and organizations. According to the research, which is designed
to study how civil servants are corrupt, 24 civil servants were connected to 16
corruption cases. In particular, civil servants of the Civil Aviation Authority
of Mongolia were mostly connected to corruption cases according to the
research. Last year only, five civil servants of the Civil Aviation Authority
of Mongolia were connected to corruption cases.
Civil servants
of the Mineral Resource Authority of Mongolia, the Petroleum Authority of
Mongolia and the General Department of Taxation were convicted in corruption
cases.
There are three stocks to watch this year: Turquoise Hill, Remicon and BD Sec
March 28
(Mongolian Economy) Turquoise Hill
Turquoise Hill
(TRQ: TSX, NYSE & NASDAQ) has been and will be the most important stock for
investors with a keen eye on Mongolia.
TRQ is an
international mining company with a focus on copper, gold and coal mines.
This
includes:
• A 66% interest in Oyu Tolgoi (OT), one
of the world's largest copper-gold-silver mines now producing and shipping
concentrate to China.
• A 56% interest in Mongolian coal miner
South Gobi Resources (SGQ: TSX, 1878: HK), which is expanding production and
exports to China.
OT is by far
the most important asset for TRQ because of its massive potential once in full
operation. The coal assets owned by SGX were fairly attractive for investors in
2011 when the price of coal was higher and there was a huge appetite for
coal from China. However, this is no longer the core asset for the company.
Furthermore,
Rio Tinto, the majority shareholder of TRQ has invested USD 7 billion so far
together with TRQ since 2010 when its Investment Agreement with the Government
of Mongolia was signed. Rio Tinto has tried to convince the Government of
Mongolia to formulate a consortium for the project finance and to invest
another few billion USD to develop the underground mine of OT. This issue has
not been resolved as yet.
This further
development of underground mine shaft will account for about 80 percent of the
value of the project; the delay of the project finance will impact
significantly to the Net Asset Value (NAV) of the company. Therefore, analysts
have lowered the price target of the company in the last two years. This has
seen the share price of TRQ decline by more than 80% since its peak.
Since the
starting production on its open pits mine, OT’s 2013 gross revenues were USD 55
million on sales of 26,400 tonnes of concentrate. For 2014, OT has a target
production of 150,000 to 175,000 tonnes of copper in concentrates and 700,000
to 750,000 ounces of gold in concentrates. However, because of the very high
level of inventory and weaker copper price in the first quarter of 2014,
achieving the target for this year looks challenging.
Even with the
uncertainties, we believe the current share price of less than CAD 4.00/share
is quite attractive for investors. The resolution of TRQ dispute with the
Government will be the most important positive catalyst for the share
price.
However, in the
near term, the delay means the loss of few hundred million USD in tax revenues.
Because of this concern investors have been selling Mongolian Tugrug
heavily since the second half of 2013. At the same time, the delay will
discourage foreign investors’ sentiment and decrease FDI; foreign investors are
not confident on investing in countries where a big company like Rio Tinto is
struggling to negotiate with the Government. Therefore, the share price may
consolidate further for the time being.
The prolonged
negotiations have proved how difficult it is to reach mutual
understandings.
With the launch
of the new Investment law, the Government of Mongolia is trying to bring more
investments from abroad. However, FDI will not increase so much until the issue
will be resolved with Rio Tinto. We still hope that both parties will agree at
the end with the leadership and commitment of both parties.
RMC
Established in
2008, Remicon is Mongolia’s third largest concrete producer and is publicly
traded on the MSE under the symbol MO:RMC, with a market cap of USD 6.8
million. We think RMC is a very cheap stock, as it trades for 5.5 times
trailing earnings and is currently 1.1 times price/book value.
Mongolia still
imports approximately 70% of its concrete consumption from China, which gives
local producers a significant opportunity for organic growth. The rail network
between Mongolia and China has been at 100% capacity since 2006, so China is at
its limit in its ability to supply the market with concrete – demand has grown
370% since 2009.
Remicon also
owns all of its equipment and enjoys a logistical advantage over its
competitors, as its facilities are only 12 kilometres from central Ulaanbaatar.
Comparatively, its peers, whose facilities are far from UB, also have to rent
equipment.
Mongolia’s
emerging concrete industry has an addressable market, which goes far beyond
real estate development in Ulaanbaatar. As Mongolia continues to build
infrastructure, RMC will find opportunities in supplying projects for road and
highway construction, energy and power, along with manufacturing and industrial
expansion. Recently, Mongolia announced an MoU with China’s Sinopec for four
coal and gas plants worth USD 30 billion. Funding for this project would be
provided by the Chinese, who are eager to find cleaner energy alternatives, as
their major cities are suffering from emergency level pollution. The feedstock
for these plants is low quality brown coal, which Mongolia has in an incredible
abundance. Mongolia expects feasibility studies to be completed by September
2014 and construction to start by 2015. The construction of these various
projects would require a tremendous amount of raw materials, concrete included.
No company is in a better position to benefit from the coming infrastructure
boom than Remicon, in our view.
BDS
BDSec JSC was
established in 1991 and is both the oldest and most dominant brokerage and
investment bank in Mongolia. BDSec is the only publicly traded financial
company on the MSE and trades under the symbol of MO:BDS. BDSec’s market share
of traded volume on the Mongolian Stock Exchange (MSE) over the last three
years is 69% and it has underwritten 75% of primary equity offerings over the
last five years.
BDSec’s market
cap is USD 17 million, trades at 25 times its 2012 earnings and 3.7 times its
book value. Trading volumes on the MSE have declined significantly since the
ill-conceived implementation of the London Stock Exchange (LSE) Millennium IT
system in mid-2012 and many brokers have ceased operations, decreasing
competitive pressures. In late 2013, the Parliament passed a new Securities Law
which corrects many of the problems created by the LSE’s Millennium IT system.
The new legislation allows for international custodians to enter the local
market, which is a necessary precursor to Mutual Fund money being invested on
the MSE.
Mongolia is
currently going about the process of being added to both the FTSE and MSCI
Frontier indices, which, if successful, would make Mongolia part of Global
Frontier manager’s benchmarks. A close look at the MSE reveals several high
quality companies, trading at single digit P/E’s, while growing revenues and
earnings at low-mid double-digit rates. Insider ownership on the MSE is
extremely high at over 55% and the Government of Mongolia still owns about 20%
of the MSE’s market cap. This leaves only about 25% (Approximately USD 230
million) as a free float for investors to buy, which may increase stock prices
significantly when large pools of capital decide to allocate funds to MSE listed
stocks. BDSec is well positioned to benefit as Mongolia’s capital markets
continue to develop.
Mongolian Economy partners with Dow Jones
March 28
(Mongolian Economy) Dow Jones & Company, a 130-year-old American publishing
and financial information firm, has offered to partner with Mongolian Economy.
From this point on, stories published in English by Mongolian Economy and
MongolianEconomy.mn will be provided to Dow Jones Factiva readers.
Mongolian
Economy has signed an agreement of partnership with Dow Jones Factiva where
Mongolian Economy agrees to provide them with content on Mongolia to be brought
to readers of Dow Jones Factiva around the world.
Dow Jones
sought out a professional media partner to provide economic updates on the
country because of the world because of the attention Mongolia and its economy
have received. Their choice was Mongolian Economy because of our comprehensive
research and reporting on Mongolia’s economy, business and society.
Factiva is a
business intelligence tool with a vast array of global news, business
information and analysis from newspapers, magazines, newswires, trade
publications, websites, blogs, and curated social media.
In 2007, Dow
Jones acquired Factiva to extend the company’s suite of powerful
business-to-business products. Factiva products provide access to more than
36,000 sources (such as newspapers, journals, magazines, television and radio
transcripts, and photos) from almost 200 countries in 28 languages, including
more than 600 continuously updated newswires.
Mongolian Nationals to Visit India to Submit Visa Application Form Only Online Effective from April 01, 2014
March 28
(infomongolia.com) The Government of the Republic of India has been completing
its final stage to introduce the electronic visa facility or e-visa and one of
the steps to eliminate paperwork is to fill out the visa request application
online.
In the
frameworks, the Embassy of the Republic of India in Ulaanbaatar announces that
Mongolian nationals holding Ordinary Passports shall submit its visa
application requests only online at http://www.indianvisaonline.gov.in/visa.
Applicants are
required to personally bring a “Printout” of the visa application submitted
online to the Embassy in Ulaanbaatar along with all other supporting documents.
The new
regulation is effective from April 01, 2014 and only online applications shall
be considered for Issuance of Visa.
Mongolian
citizens holding valid Diplomatic or Official passports are permitted to visit
India visa free and stay up to 90 days within a single entry.
Address:
Embassy of the
Republic of India to Mongolia
Zaluchuudyn
Urgun Chuluu 10,
Post Box 691,
Ulaanbaatar
14190
Mongolia
Working Hours:
09:00-13:00 & 13:30-17:30
Tel: 976-11-329
522
Ch.Ulaan Receives Chinese Vice Minister
Ulaanbaatar,
March 28 (MONTSAME) The Finance Minister Ch.Ulaan received Mr Shi Yaobin, the
Vice Minister of Finance of the People's Republic of China on Wednesday.
The sides
shared views on an establishment of Asian Investment Bank for Infrastructure,
at initiation of Mr Xi Jinping, the President of the People's Republic of
China, and its preparation.
This bank is
supposed to improve economy of Asian countries and to support infrastructure
matters.
The Chinese
Vice Minister proposed that our country participates in this bank project as a
founder.
The Minister
Ulaan thanked the Chinese part for this suggestion and said he will give
support to this initiative.
Mongolian Ambassador works in Myanmar
Ulaanbaatar,
March 28 (MONTSAME) Ambassador Concurrent and Nonresident of Mongolia to
Myanmar Ch.Battomor worked in Myanmar March 25.
He met with the
First Speaker of the Lower House of parliament Tura U Shwe Mann and officers of
the Myanmar Foreign Ministry to share views on relationship and cooperation
between the two countries.
The Ambassador
also met with the National League for Democracy chairperson Aung San Suu Kyi
and handed her a letter of the President of Mongolia Ts.Elbegdorj.
“PM’s 30 Minutes” Meeting Runs
Ulaanbaatar,
March 28 (MONTSAME) The Prime Minister N.Altankhuyag gave a report on works
done last month and on works for April at the “PM’s 30 minutes” weekly meeting
with the media on Thursday in his office room.
The Premier
said the cabinet worked every Tuesday and Thursday over the projects on
supporting export and import-substitution industrialization, "from next
week, we will consider every project". "We have offered the 888
selected projects to commercial banks, so the project authors should now go to
these banks, if any of them permits, money will be allotted from the
Development Bank of Mongolia for implementation of their projects," the
Premier said.
Then he spoke
about the 5th Mongolian Economic Forum which ended recently. "The previous
year’s forum discussed Mongolians brands, this year’s event has focused on what
products should Mongolia make. Many companies that had loans from the 'Chingis'
bonds have expanded their business, and this I see as the first outcome of the
previous year’s forum," the Premier said.
Mentioning that
Mongolia imports a major part of construction materials, the Premier said three
big construction material factories will be put into use in 2015. The cabinet
rendered a financial support to the Khotol’s cement factory from the
"Chingis" bonds, and the factory is projected to produce one million
tons of cement from this year in its full capability, he noted. Such three
factories will open soon in Dornogobi, he said.
The Premier
said 25 billion togrog have been spent for erecting diagnostic centers in 11
aimags from the PM’s package of MNT 50 billion. These centers will open next
week.
The PM also
talked about roads to be run to several aimags' centers, a programme on
preparing qualified workers, measures for reducing air pollution, new model
soums in Bayankhongor aimag and augmenting a coal export.
Premier to Work in Eastern Provinces
Ulaanbaatar,
March 28 (MONTSAME) The Prime Minister N.Altankhuyag is planning to work in eastern
provinces of Khentii and Gobisumber from March 31 to April 2.
During his
visit to Khentii, Mr Altankhuyag will attend a foundation stone laying ceremony
launching a "Thousand apartments" project, which will be implemented
within the "New Soum" program of the Government and under a funding
from the Government bonds capital. The PM will also take part in online
synchronized openings of 11 medical diagnosis centers equipped up with the
latest hi tech in provinces on March 31.
After this he
will head for Gobisumber province.
Mongolian Politicians Visit Germany
Ulaanbaatar,
March 28 (MONTSAME) A Mongolian delegation led by Secretary-General of the
Mongolian People’s Party J.Monkhbat is visiting Germany by invitation of the
Social Democratic Party (SDP) and Friedrich Ebert Foundation of Germany.
Monkhbat met
with Thomas Meyer, a professor of political science at the Dortmund University
of Technology and author of "The Theory of Social Democracy" book to
talk about social democratic policies and challenges. He also met with Felix
Porkert and Franz Danner from the International Department of SDP.
The delegation
includes representatives of two other left-wing political parties such as Civil
Will and Green Party.
During their
week-long visit, the delegation will conduct a series of meetings with German
parliamentarians and government members to share experiences.
Roundtable Meeting Held on Policy and Activities Combating Illegal Logging
Ulaanbaatar,
March 28 (MONTSAME) This action ran Thursday in the State House, co-organized
by the parliamentary Standing committee on environment, food and agriculture
and the Ministry of Environment and Green Development.
It was chaired
by G.Bayarsaikhan, a head of this Standing committee.
Head of the
Ministry’s Regulatory Department of Policy Implementation B.Gantulga delivered
a report on the theme, followed by section head of the General Agency for
Specialized Inspection (GASI) D.Tserendash with "Implementation of the
forest law" report and by officer of Investigating Department
Lieutenant-Colonel S.Bayanmonkh with report on present and future actions
against illegal logging.
The Minister of
Environment and Green Development S.Oyun and related officials exchanged views.
As of today,
the total area of forests is 18.5 million hectares accounting for only 11.79%
of the country’s territory. The illegal logging declined 31.5% in the last five
years, but the situation is still intense. However, Dr Dashzeveg does not agree
with the decrease saying that it is impossible to reduce this crime due to
many uncontrolled paths and roads. He criticized the insufficient inspection
over the illegal logging, and proposed creating a related foundation.
It is vital to
refresh connections of activities of NGOs in order to stop the illegal logging,
people and enterprises who reveal/detect the illegal actions should be awarded,
the Standing committee head G.Bayarsaikhan said, adding the committee will pay
attention to altering related laws and regulations on forest.
International Conference on Arbitration Held
Ulaanbaatar,
March 28 (MONTSAME) An international conference on arbitration was co-organized
by the Ministry of Justice, the U.S. Agency for International Development
(USAID) and Mongolia’s International and National Arbitration Center (MINAC) on
March 27-28.
The conference
brought together Kh.Temuujin, the Minister of Justice, representatives,
lawyers, advocates and judges from the Mongolian National Chamber of Commerce
and Industry (MNCCI), USAID and US Commercial Chamber in Mongolia.
The gathered
emphasized that the arbitration can be developed intensively in a short time
because it does not need much money. They also introduced to each other the
latest and the best international regional experiences, and expressed a
intention to draw up a recommendation on realizing an arbitration reform.
Mongolian
parliament passed the arbitration law in 2003, only 45 cases have been tackled
by this law since then.
Mongolia Participates in International Trade Fair
Ulaanbaatar,
March 28 (MONTSAME) Mongolia has participated in the “Messe-Erfurt”
international trade fair for riding, hunting and fishing as a guest, for the
first time.
Addressing the
opening ceremony, the Charge de'Affairs of Mongolia to Germany and economics
adviser D.Battor underlined the 40th anniversary of diplomatic relations
establishment between Mongolia and Germany and invited all the participants to
Mongolia. He also said that our country has many opportunities to cooperate
with Germany not only on its federal but also on states' level.
In frames of the measure, the Embassy's delegation met with governor of Thuringia, a Federal state, to exchange views on the cooperation.
In frames of the measure, the Embassy's delegation met with governor of Thuringia, a Federal state, to exchange views on the cooperation.
MNOC Executive Council Meets
Ulaanbaatar,
March 28 (MONTSAME) Executive Council of the Mongolian National Olympic
Committee (MonNOC) Thursday held its meeting in the Olympic House.
The meeting
discussed the 2014 budget and plans of the MonNOC, programmes to be
co-implemented with the International Olympic Committee (IOC) and results of
Mongolian team participating in the Sochi 2014 Winter Olympic Games.
It also
considered working out a special programme on making winter sports public,
cooperating with state organizations and NGOs in this matter, and backed
initiatives of the President on hosting the Ulaanbaatar 2040 Summer Olympic
Games and the 2019 East Asian Youth Games. These issues will be conveyed to the
government.
A member of the
MonNOC Executive Council Ch.Zorigtbaatar has been appointed the Chef-de-Mission
of the Nanjing 2014 Youth Olympic Games for the Mongolian national team;
B.Bat-Erdene MP--of the Incheon 2014 Asian Games; and J.Khatanbaatar--of the
Phuket-2014 Asian Beach Games.
Drama Theater Releases April Program
Ulaanbaatar,
March 28 (MONTSAME) The State Academic Drama theater has released its program
for this April.
Three plays
such as "The Crow’s Grove" by Alexander Vampilov (April 10),
"Sorry, Wrong Number" by Lucille Fletcher (April 30) and
"Buuvei" (Lullaby) by N.Gankhuyag (April 24) will be premiered in the
theater. It will also stage two classic tragedies such as Oedipus by Sophocles
and Hamlet by Shakespeare. The Mongolian children’s play "Adventure of
school boy Norov" can be seen April 2-4 and 20.
Mongolian Circus Attracted 14 Million in Cheju
Ulaanbaatar,
March 28 (MONTSAME) Culture, Sports and Tourism Minister Ts.Oyungerel met with
G.Baatarkhuu, a leader of a Mongolian circus performing in S.Korean Cheju
Island.
Mr Baatarkhuu
recently received a state high award in recognition of his great efforts to
promote Mongolian circus abroad. His circus has been performing in Cheju for 13
years, attracting some 14 million viewers so far.
The program
includes horsemanship display show of two dozens of performers, contortion,
acrobatics, gymnastics, jugglers and strongmen performances.
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