Mongolia’s GDP grew by 6.8 percent in 2023, which “is high growth not only in the region but also in the world,” said Minister of Economy and Development Ch.Khurelbaatar on Monday, citing a preliminary estimate. The private sector and investors are the driving force of Mongolia’s economy, said Khurelbaatar at the opening ceremony of the…
Month: January 2024
Monguls surprises rest of the region at eEXTREMESLAND Asia Cup 2023
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Mongolian team The Monguls have come out on top at the eXTREMESLAND Asia Cup 2023. This tournament is the ultimate test for the best CS2 teams in Asia, the perfect battleground to test their skill against each other. The Monguls swept crowd favorite Lynn Vision Gaming (LVG) 2-0 on home ground in Shanghai, China in…
Russia’s planned gas pipeline to China faces construction delay
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Mongolian Prime Minister L.Oyun-Erdene said construction of Russia’s planned new Power of Siberia-2 gas pipeline to China, which was expected to start this year, may be delayed, the Financial Times reported on Sunday. Russia has been in talks to build a new pipeline to carry 50 billion cubic meters of gas a year from northern…
Mongolia passes first-ever Animal Rights Law
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Mongolia has passed its first-ever law protecting animal companions called The Pet Law. This monumental achievement follows years of tireless campaigning and advocacy by its Mongolian partner, Lucky Paws, with the support of over 17,000 In Defense of Animals supporters who wrote to decision-makers. The law marks a significant change in Mongolia’s approach to animal companion welfare. Previously, homeless cats and dogs…
Mongolia’s Clean Energy Transition
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On International Day of Clean Energy, inaugurated on 26 January 2024, the world is reminded of our climate promise and the need for urgent action for a just and inclusive transition towards clean energy, a necessity for both people and planet. At COP28, countries agreed to recognize the need for collective progress for transitioning away from fossil…
Ukraine, Mongolia’s top diplomats talk Peace Formula, bilateral cooperation
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Minister for Foreign Affairs Dmytro Kuleba of Ukraine discussed with his Mongolian counterpart B.Battsegseg issues of bilateral relations and President Volodymyr Zelensky’s Peace. The head of Ukrainian diplomacy reported this on the X social network following a phone call with the head of the Ministry of Foreign Affairs of Mongolia. I spoke with Mongolia’s Foreign Minister…
Mongolian ambassador and embassy staff arrived in Pyongyang
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Mongolia’s new ambassador to North Korea took up his position in Pyongyang in December, marking the first time a country excluding China or Russia has replenished its embassy staff since the DPRK shut its borders due to COVID-19. The ambassador, who the Mongolian foreign ministry website confirms is named L.Erdeneddavaa, arrived with multiple other diplomatic staff in…
China-Mongolia comprehensive strategic partnership: 10 years
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China is willing to work with Mongolia to foster the continuous development of the China-Mongolia comprehensive strategic partnership, China’s top legislator Zhao Leji said on Thursday. Zhao, chairman of the National People’s Congress (NPC) Standing Committee, made the remarks when meeting with L.Munkhbaatar, vice chairman of Mongolia’s State Great Hural (parliament), in Beijing. Zhao said…
Baikal-Transit will build a logistics terminal on the border with Mongolia
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Baikal-Transit LLC (Buryatia) will invest 1.8 billion rubles in the construction of a customs and logistics terminal in the area of Buryatia’s Naushki border railway station, which will increase Russia’s trade turnover with Mongolia and China. The terminal will be a railway-road terminal. There will also be cargo transshipment from one mode of transport to…
The banking assets increased by 5.6%
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The volume of cash in circulation in Mongolia grew by 5.7% by the end of December 2023 compared to the previous year, the National Statistics Office announced on Thursday. The total assets of the banking sector of Mongolia amounted to 28.7 trillion tugriks ($8.42 billion). This figure increased by 5.6% compared to last year. The…