Economy News
MR.R.SODKHUU MET WITH REPRESENTATIVES OF THE "TOKYO AIM" Print E-mail

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Mongolian stock exchange CEO&Director Mr.R.Sodkhuu met with Mr.Yutaka Ito, Chief Operating Officer of the TOKYO AIM , and Mr.Hiroki Kurihara, Executive Director of the TOKYO AIM on June 29, 2009.
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Standing committee favors new power station in Khuvsgul Print E-mail
     The Standing Committee on the Economy met yesterday to discuss the draft changes to the law on the Mongolia Development Fund. MP D.Gankhuyag said at least 20 percent of budget expense is needed to be cut if the state income falls by 40 percent. Unless such cuts are made, the deficit will be uncontrollable. Tax revenue in the last six months is likely to be less than estimated.
Some members criticized some wrong decisions, such as the one to spend MNT300 million on finishing the construction of a jail for 1,000 prisoners at a time when more than 7,000 citizens in Songinokhairkhan district lived without electricity.
There was majority support for a proposal to allot MNT3.8 billion for building a power station in Khuvsgul province which will supply Govi-Altai and Zavkhan provinces. A private company may be found to share the total expenses.
Source: www.news.mn

 
Food prices fall Print E-mail
economy.jpeg     The National Statistics Office has said food prices last week were 4.6 percent less than in the same period last year and 2.9 percent less than in the previous week. The price of mutton has fallen by 7.6-9 percent, of beef by 3.9-5.5 percent, of goat meat by 5.4 percent and of horse meat by 2.5 percent from the average price in May. One kilogram of mutton now costs MNT3,300 and of beef MNT4,150.
Source: www.news.mn

 
Training for economic journalists Print E-mail
      A regular training session began Tuesday for journalists reporting on the economy in the Press Institute's media center.  This training is co-organized by this Institute, the United States Agency for International Development (USAID), the Economic Policy Reform and Competitiveness Project (EPRCP) and the Business Management Development center. Among the attendees are the USAID officials; David Lawrence, the director of International Corporation of the EPRCP; J.Unenbat, a former president of the Mongol Bank and the director of the Development Center of Governance of companies; and D.Dugerjav, the deputy head of the Financial Regulatory Commission (FRC).


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Consultative meeting to run Print E-mail
     A national consultative meeting themed "Policy on strategic deposits and refining upon its legal environment" will be held Wednesday in the Government House. It is co-organized by parliament, the Mongolian Trade Unions (MTU) and the Democracy Development Foundation (DDF). Opinion-sharing is expected between Dr.L.Enkhtaivan, the head of the DDF; G.Bayarsaikhan, a head of parliamentary standing committee on the economy; S.Ganbaatar, the president of the MTU; and D.Ganbold, the president of Mongolia's Mining Association (MMA).

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