Mongolia Brief April 4, 2014 Part II

FM receives State Secretary of Spanish Foreign Ministry

Ulaanbaatar, April 4 (MONTSAME) The Minister of Foreign Affairs L.Bold Friday met visiting Mr Gonzalo de Benito, the State Secretary for Foreign Affairs of Spain, in Ulaanbaatar.

At the meeting, the parties exchanged views on a present situation of the bilateral cooperation in the politics, economy, culture and scientific fields.

Mr Gonzalo conveyed a greeting of the Spain’s Foreign Minister of Mr Bold, and invited him to visit Spain.

The Mongolian Minister highly spoke signing of a cooperation memorandum between the Ministries of Foreign Affairs of the countries on the bilateral consultative meeting.   

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Cabinet meeting in brief

Ulaanbaatar, April 4 (MONTSAME) At its meeting on Friday, the cabinet discussed and backed in principle a draft resolution of parliament on approving a guideline of the state policy on defense. It will be submitted to parliament, reflecting proposals from cabinet members.

- In accordance with a cabinet decision, the Center for Children’s Development and Protection at the National Department for Children (NDC) will be disbanded therefore the center’s structure, staffers, fixed and current assets, and budget have been transferred to the “Onor bul” center for children and family development at the NDC.

- The cabinet approved a directive for Mongolian delegates to participate in the 4th meeting of the Mongolia-Kazakhstan intergovernmental commission for trade, economics, science, culture and technical cooperation. It will be held on April 24-25 in Ulaanbaatar city.

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Finance tackled for some projects

Ulaanbaatar, April 4 (MONTSAME) In accordance with a cabinet decision made Friday, money will be allotted from the Development Bank of Mongolia (DBM) to finance projects on the “Songino” sub-station and the “Ikh toirog” overhead electric wires, the “MBA” sub-station and overhead wires of the “Bayangol” town.

An obligation was given to N.Batbayar, the Minister of Economic Development to realize the works, and then the DBM’s representative leading council was authorized to allot necessary money.

It is expected that these electric lines and sub-stations will ensure reliable consumption of electricity in the capital city and contribute to reducing air pollution. Moreover, electric sources for about 50 thousand families in ger areas will be resolved.

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Stock exchange news for April 4

Ulaanbaatar, April 4 (MONTSAME) At the Stock Exchange trades held Friday, a total of 47 thousand and 948 shares of 20 JSCs were traded costing MNT 43 million 413 thousand and 042.97.

"Genco tour bureau" /30 thousand and 003 units/, "Remikon" /7,659 units/, "Mudix” /3,292 units/, "Nako tulsh” /3,000 units/ and "Gobi" /1,137 units/ were the most actively traded in terms of trading volume, in terms of trading value--"Mudix" (MNT 26 million and 336 thousand), "Gobi" (MNT seven million 097 thousand and 550), "Genco tour bureau" (MNT two million 699 thousand and 970), "Bayangol hotel" (MNT one million 226 thousand and 400) and "Remikon" (MNT one million 137 thousand and 195).

The total market capitalization was set at MNT one trillion 652 billion 456 million 026 thousand and 222. The Index of Top-20 JSCs was 16,076.60, increasing by MNT 331.03 or 1.97% against the previous day.

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