Mongolia Brief June 13, 2014
Bank of Mongolia Reports
Ulaanbaatar,
June 13 (MONTSAME) The Bank of Mongolia has reported that money supply (broad
money or M2) at the end of May 2014 reached MNT 10,233.3 billion, increasing by
MNT 35.5 billion or 0.3% from the previous month, and by MNT 2,325.5 billion or
29.4% against the previous year.
At the end of
May 2014, currency issued in circulation reached MNT 863.0 billion, increasing
by 21.4 billion or 2.5% from the previous month, and by MNT 32.0 billion or
3.9% against the previous year.
Loans
outstanding at the end of May 2014 amounted to MNT 12,053.4 billion, increasing
MNT 315.6 billion or 2.7% against the previous month, and MNT 3826.9 billion or
46.5% against the previous year.
Principals in
arrears at the end of May 2014 reached MNT 380.6 billion, increasing MNT 81.6
billion or 27.3% against the previous month, and MNT 234.2 billion or 2.6%
against the previous year.
The
non-performing loans over the bank system reached MNT 619.7 billion, increasing
MNT 3.5 billion or 0.6% against the previous month, and MNT 301.7 billion or
94.9% against the previous year.
15.8 million
units of shares were sold valued at MNT 105.8 billion at the stock market in
first five months of this year.
General Government Budget in Statistical Mirror
Ulaanbaatar,
June 13 (MONTSAME) In the first four months of 2014, total equilibrated revenue
and grants of the General Government Budget (GGB) amounted to 2,117.5 bln.tog.
Total
expenditure and net lending of the budget reached 2,284.5 bln.tog, representing
a deficit of 106.9 bln.tog in the equilibrated balance of the GGB.
Compared with
the same period of the previous year, tax revenue increased 83.3 bln.tog or 4.6
percent. This increase was largely attributable to increases of 51.0 bln.tog or
16.5 percent in social security contributions, of 24.9 bln.tog or 3.6 percent
in revenue from taxes on goods and services and of 16.0 bln.tog or 12.9 percent
in revenue from taxes on foreign trade. However, there were decreases of 13.7
bln.tog or 3.2 percent in income taxes and of 25.3 bln.tog or 9.5 percent in
revenue from corporate income tax.
In the first 5
months of 2014, total expenditure and net lending of the GGB reached 2,284.5
bln.tog, increasing 412.4 bln.tog or 22.0 percent compared with the same period
of the previous year. This increase was mainly due to rises of 123.6 bln.tog or
15.9 percent in subsidies and transfers, of 117.2 bln.tog or 13.4 percent in
expenditure on goods and services, of 92.3 bln.tog or 53.1 percent in capital
expenditure, and of 76.1 bln.tog or 2.7 times in interest payments.
External Trade in Statistics
Ulaanbaatar,
June 13 (MONTSAME) In the first five months of this year, Mongolia traded with
115 countries and total foreign trade turnover reached USD 4,059.8 mln.
The export was
made up with USD 1,927.9 mln, whereas the import was calculated at USD 2,131.9
mln. Thus, foreign trade balance showed a deficit of USD 824.7 mln in the first
five months of 2014, while it was in a deficit of USD 204.0 mln, going down by
USD 620.8 mln from the same period of the previous year.
Total foreign
trade turnover increased USD 51.4 mln or 1.3 percent, of which imports
decreased by USD 336.1 mln or 13.6 percent and exports increased by USD 284.7
mln or 17.3 percent against with the same period of 2013.
Nat’l Consumer Price in Increases
Ulaanbaatar,
June 13 (MONTSAME) This May, the national consumer price index rose 1.5% from
the previous month, 6.2% percent against the beginning of the year, and 13.7%
over the same period of 2013.
The increase
was mainly due to increases of 2.8% in food and non-alcoholic beverages, of
2.6% in hotels and restaurants, of 1.6% in clothing, footwear and cloth and of
1.5% in miscellaneous goods and services.
Loss of Animals Declines
Ulaanbaatar,
June 13 (MONTSAME) In the first five months of this year, natural losses of
adult animals reached 226.0 thousand heads at the national level, showing an
increase of 228.8 thousand heads or 50.3% against the same period of the
previous year.
The losses
include 12.7 thousand of horses, 19.5 thousand of cows, 612 of camels, 85.8
thousand of sheep, and 107.4 thousand of goats.
Industrial Production Index Rises
Ulaanbaatar,
June 13 (MONTSAME) This May, the industrial production index (2010=100 seasonally
adjusted and experimental estimation) increased 13.3% from the same period of
the previous year, 18.7% over the previous month, and 23.2% compared with the
end of the last year.
The mining of
products such as goal, crude oil and copper with concentrate increased
1.6%-88.5% in the mining and quarrying sectors, while the production of
products such as bakery products, milk, buuz and dumpling, pure water, wooden
door and windows, flour, macaroni noodles, vacuum windows and doors, and sawn
wood rose 3.0% to 2.5 times in the manufacturing sector compared with the same
period of the previous year.
Freight and Passengers in Statistics
Ulaanbaatar,
June 13 (MONTSAME) In the first five months of this year, 7,750.9 thousand ton
freight and 1,360.6 thousand passengers (duplicated counting) were carried by
railway transport.
Compared with
the same period of the previous year, the amount of carried freight decreased
457.2 thousand ton or 5.6%, while the number of carried passengers declined
179.8 thousand persons or 11.7%.
During that
period, the revenue from railway transport reached 158.3 bln.tog, reflecting a
decrease of 3.4 bln.tog or 2.1% against the same period of the previous year,
and 1,328.8 ton freight and 248.2 thousand passengers (with double counting)
were carried by air transport. Compared to the same period of the previous
year, the amount of carried freight dropped by 166.4 ton or 11.1%, while the
number of carried passengers decreased 26.3 thousand persons or 9.6%.
The revenue
from air transport reached 75.2 bln.tog, showing a decrease of 1.7 bln.tog or
2.2 percent against the same period of the previous year.
Births Increase and Unemployment Rate Declines
Ulaanbaatar,
June 13 (MONTSAME) In the first five months of this year, 33 thousand and 371
mothers delivered children and the number of live births reached 33 thousand
and 600.
The number of
the mothers delivered children increased by 1,163 mothers or 3.6%, therefore
the number of children rose by 1,235 or 3.8% against the previous year.
The number of
unemployed people reached 38.0 thousand at the end of May 2014, reflecting a
decrease of 2,557 people or 6.3% against the previous year.
Social Insurance in Statistics
Ulaanbaatar,
June 13 (MONTSAME) In the first five months of 2014, the Social Welfare Fund
granted to 163.6 thousand people retirement pensions and welfare payments
totaling MNT 59.4 billion.
Compared with
the same period of the previous year, the number of pension and welfare
recipients decreased by 21.3 thousand people or 11.5% while the amount of
pensions and allowances increased by MNT 4.7 billion or 8.6%. The Human
Development Fund gave cash of MNT 97.6 billion to children aged below 18.
Meteorology Institute Reports
Ulaanbaatar,
June 13 (MONTSAME) The Institute of Meteorology and Hydrology has reported that
the highest precipitation (84.0 mm) was recorded in Tov aimag's Bayan soum in
May 2014.
Bayankhongor
aimag's Jinst soum had the highest air temperature (39.0°C), whereas the lowest
air temperature (-17.0°C) of May of this year was recorded in Khovsgol aimag's
Alag-Erdene soum.
Wind speed
reached 28.0 m/sec in Dornogobi's Sainshand soum and in Sukhbaatar aimag's
Baruun-Urt soum. For the acceptable level of air quality standards as of May,
2014, daily average concentration of nitrogen dioxide exceeded 24 times around
the West crossroad, 18 times around the 13th micro district and 16 times around
the 32nd Circle.
Daily average
concentration of sulphur dioxide exceeded twice around the “Misheel expo”
center, the particulate matter less than 10 micrograms exceeded 19 times around
the West crossroad, and 32nd Circle, respectively, 16 times around the 13th
micro district and 10 times around the “Kharkhorin” market.
Disasters and Accidents
Ulaanbaatar,
June 13 (MONTSAME) In the first five months of this year, 2,152 disasters and
accidents occurred.
Consequently,
46 people died, and 11 thousand and 999 heads of livestock and animals were
lost, of which 3,454 heads of livestock died by foot-and-mouth disease.
Among the
natural disasters and accidents reported in the first five months of this year,
1,907 were construction fires, 94--forest fires, 83--cases of rabies to
domestic animals, 15 times 3.5 magnitude earthquakes, and 11 incidents related
to chemical substance usage and emergency call.
The estimated
damage caused by the construction fires amounted to MNT 5.2 billion, forest
fires-MNT 710.8 million; porcine reproductive and respiratory syndrome--MNT
480.0 million; severe storms--MNT 123.0 million and rabies--MNT 61.3 million. A
total of MNT 394.4 million was spent for the disasters and accidents.
37 people died
from construction fires, six people--from drowning in rivers and lakes, and
one--from severe storms and collapse of mine stops in artisanal mining sites
respectively. Compared with the same period of previous year, the occurrence of
natural disasters and accidents decreased by 86.
Number of Crimes Increases
Ulaanbaatar,
June 13 (MONTSAME) At a national level, 11 thousand and 445 crimes reported in
the first five months of this year.
It shows an
increase of 642 crimes or 5.9% against the previous year. The increase in the
number of crimes was largely attributable to the rises in crimes such as the
crime against the right of ownership (358) and infliction of a bodily injury
(332) compared to same period of the previous year.
Due to the
crimes, 4,201 people injured and 464 people died. The number of injured people
rose by 514 or 13.9%, whereas the number of deaths causes by crimes declined by
17 people or 3.5% against the previous year.
First Ulaanbaatar Sculpture Festival in Mongolia
June 13
(news.mn) For the upcoming 375th anniversary of Ulaanbaatar city, the
Ulaanbaatar City Governor`s Office and General Planning Department of Mongolia
along with art organizations plan to hold an Ulaanbaatar Sculpture Festival for
the first time in Mongolia.
The organizers
aim to encourage artists` creativity, to improve comfort in the city and
develop different types of sculptures in the city.
The festival
welcomes art organizations, freelancer artists, amateurs and art students to
participate.
Participants
can use any material they like to build the sculpture. There is no limit for
discovering ideas and subjects.
The sculptures
of participants will be received at the Department of Furnishing,
Manufacturing, and Services, Governor’s Office at the Khangarid Palace until
June 23rd 2014.
During the
Festival the best 30 sculpture works will be selected for the final
competition.
The winner of
the festival will be named on June 24th and the best work will be placed at the
National Garden Park between July 5th and 14th.
MP Sh.Tuvdendorj Becomes Minister for Industry and Agriculture of Mongolia
June 13
(infomongolia.com) At the plenary session of the State Great Khural
(Parliament) held on June 12, 2014, one of the issues ratified was promoting a
candidate for Minister of Industry and Agriculture as Mr. Sharavdorj
TUVDENDORJ, who is a Member of Parliament and Chairman of Legal Standing
Committee at the Parliament.
Following an
introduction, 34 MPs out of 40 Parliamentarians attended have agreed to promote
Sh.Tuvdendorj as the Minister for Industry and Agriculture of Mongolia with 85%
of votes, who succeeds MP Khaltmaa BATTULGA.
Afternoon of
June 12, Prime Minister N.Altankhuyag officially accrediting the newly promoted
Minister Sh.Tuvdendorj and conferred a stamp of the Ministry of Industry and
Agriculture.
Sharavdorj
TUVDENDORJ, born in Ulaanbaatar in 1967, finished the capital city secondary
school No.5 in 1985. Graduated from Military Institute in 1989, specialist in
Radio Engineering. In 1999, graduated Otgontenger University in lawyer and in
2000 graduated from the Academy of Management. Lawyer and politician. Doctor of
Philosophy in Justice (Ph.D).
Sh.Tuvdendorj a
member of Government and Defense Minister in 1999-2000, Head of Mongolian
Democratic Union in 2003-2008, Deputy Chairman of Cabinet Office of the
Government in 2004-2006, Secretary General of Democratic Party in 2005-2006,
Executive Chairman of Mongolian Democratic Union in 2006-2012, Chairman of
Democratic Party’s Capital City Office, and has been elected as a Member of
Parliament in 2012 Parliament Election.
Related:
Sh.Tuvdendorj appointed as
Minister of Industry and Agriculture – news.mn,
June 13
10th Trilateral Business Forum between Mongolia, Russia
and China Successfully Organized in Ulaanbaatar
June 13
(infomongolia.com) The 10th Trilateral Business Forum between Mongolian
National Chamber of Commerce and Industry (MNCCI), Chamber of Commerce and
Industry of the Russian Federation (CCIRF) and China Council for the Promotion
of International Trade (CCPIT) was successfully organized in Ulaanbaatar on
June 12, 2014.
The Forum aims
to support business activities between the three Chambers, implement a joint
program and project, and to solve problems facing in trade and businesses of
neighboring countries.
The Trilateral
Business Forum was attended by MNCCI Chairman S.Demberel, CCPIT Vice Chairman
Yu Ping and CCIRF Vice-President Vladimir Strashko, where CCPIT Inner Mongolia
Sub-council Chairman Liu Tinshani, President of East-Siberian Chamber of
Commerce and Industry K.S.Shavrin, Deputy Head of China Xilingol League Council
for the Promotion of Foreign Trade Xin Yanguan and Chairman of Uvs Aimag
Chamber of Commerce and Industry, MNCCI, S.Serjim have delivered speeches.
On the same
day, the trilateral business meeting was organized at the Corporate Hotel,
where about hundred business delegates from Russia and China have attended and
it will be continued today.
As a result of
the 10th Trilateral Business Forum, the following Memorandums of Understanding
on Cooperation were signed between:
1. MNCCI -
CCIRF - CCPIT
2. MNCCI -
Altai Republic Chamber of Commerce, Russia
3. Darkhan-Uul
Aimag Chamber of Commerce and Industry, Mongolia - CCPIT Inner Mongolia
Sub-council
4. Bayankhongor
Aimag Chamber of Commerce and Industry, Mongolia - CCPIT Inner Mongolia
Sub-council
5. Bayankhongor
Aimag Chamber of Commerce and Industry, Mongolia - Erlian City Council for the
Promotion of International Trade, Inner Mongolia, China
6. Tuv Aimag
Chamber of Commerce and Industry, Mongolia - Manzhouli City Council for the
Promotion of International Trade, Inner Mongolia, China
7. Zavkhan
Aimag Chamber of Commerce and Industry, Mongolia - East-Siberian Chamber of
Commerce and Industry, Russia
8. Bayankhongor
Aimag Chamber of Commerce and Industry, Mongolia - East-Siberian Chamber of
Commerce and Industry, Russia
9. Zavkhan
Aimag Chamber of Commerce and Industry, Mongolia - Zabaikalsky Region Chamber
of Commerce and Industry, Russia
10. Khentii
Aimag Chamber of Commerce and Industry, Mongolia - Zabaikalsky Region Chamber
of Commerce and Industry, Russia
11. Dornod
Aimag Chamber of Commerce and Industry, Mongolia - Zabaikalsky Region Chamber
of Commerce and Industry, Russia
12. Orkhon Aimag
Chamber of Commerce and Industry, Mongolia - Omsk Chamber of Commerce and
Industry, Russia
13. Bulgan
Aimag Chamber of Commerce and Industry, Mongolia - Omsk Chamber of Commerce and
Industry, Russia
14. Darkhan-Uul
Aimag Chamber of Commerce and Industry, Mongolia - Omsk Chamber of Commerce and
Industry, Russia
15. Zavkhan
Aimag Chamber of Commerce and Industry, Mongolia - Novosibirsk City Chamber of
Commerce and Industry, Russia
16. Tuv Aimag
Chamber of Commerce and Industry, Mongolia - Novosibirsk City Chamber of
Commerce and Industry, Russia
17. Zavkhan
Aimag Chamber of Commerce and Industry, Mongolia - Tomsk Chamber of Commerce
and Industry, Russia
Capital City Transportation Authority Extends Its Services till 02:00 AM
June 13
(infomongolia.com) Upon the request of civilians, the Capital City
Transportation Authority is starting to implement night public transportation
services with its 8 transports in three routes at the first phase between 10:00
pm and 02:00 am from June 14, 2014.
These routes
are between:
- Route No.
Tr:2, Khanyn Materialyn Kombinat (KhMK) - Оfitseruudyn Ordon by trolleybus
- Route No.
M/ShU/, 7 Buudal - MUBIS by big capacity bus
- Route No.
M/ShU/, Nisekh - MUBIS by big capacity bus
The fare for
adults is 1,000 MNT and 200 MNT for children per ride, but officials did not
say yet how long the service would be continued.
From September
01, 2011, public transportation services were starting 30 minutes earlier than
the previous schedules, and services for the main 61 routes in Ulaanbaatar are
operational between 06:30 am and 10:30 pm today.
In 2013, the
"Tsakhilgaan Teever" company had implemented an "Eco Night
Transport" project under an experimental period of 2 months between 05:00
am and 11:00 pm. However, this service was considered unprofitable with too few
passengers, but civilians request to extend hours of public transportation,
thus Capital City Transportation Authority is extending services for above
routes till 02:00 am.
Related:
Late night transport service
launched – news.mn, June 13
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