Economy News
ALL TRAFFIC TO AND FROM ULAANBAATAR AND REST OF MONGOLIA STOPPED INTIL NOVEMBER 14 Print E-mail
All road, railway, and air traffic between Ulaanbaatyar and other areas have been suspended until November 14. Around 12,000 passengers make the trips daily.

Medical workers and people using their own transport are allowed to travel but are subject to checks.  


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“DISCOVER ONGOLIA-2009” IS HELD H1N1 QUARANTINE AND STATE EMERGENCY REGIME Print E-mail
Every year with some surprises. H1N1 was not the main concern even it limited the accessibility of media to the event venue. Therefore, media coverage is very limited for the event, which somehow, grasped the availability and media coverage of the main agenda of the forum.

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ROSNEFT FINED FOR OVERCHARGING Print E-mail
The Russian Office Against Monopoly has fined petroleum exporter Rosneft 5.2 million rubles for charging higher prices in violation of fair trade practices. It was found to have overcharged the five companies that import 84 percent of the petroleum used in Mongolia MNT 250 billion. The companies are NIC, Petrovis, Shunkhlai, Just Oil and MT.

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PARLIAMENT STARTS DISCUSSION OF GENERAL BUDGET FOR 2010 Print E-mail
MPs’ attendance stood at 90.8 percent on Thursday as Parliament started discussions on the State Budget for 2010 as well as on draft laws on the Mongolia Development Fund and the Social Insurance Fund. Prime Minister S.Batbold gave general information about the budget. Income will be MNT2 trillion 306 billion which is 32.2 percent of the GDP while expenses are MNT 2 trillion 664.6 billion, a little more than 37 percent of the GDP. The budget estimates were made by calculating the price of copper at USD5,148 per ton and gold at USD900 per ounce. 

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OYU TOLGOI INVESTMENT KEEPS ALL THE ATTENTION Print E-mail
Discover Mongolia 2009 International Investors Forum began in Ulaanbaatar on November 5, as scheduled regardless of what government declared 14-day high state of disaster preparedness on H1N1 pandemic flu, and banned hosting of all public gatherings.


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