Newsletters


Mongolia Parliament Approves Appointment of Finance Minister Over Objection of President
October 20, 2017 by admin

Click here for the original newsletter! In an interesting development in Mongolian politics, President Kh.Battulga recently approved appointment of the new Cabinet of Prime Minister U.Khurelsukh. All candidates were approved, save one. In accepting the new Cabinet, the President make clear some reservations. Pointedly, the President expressed “regret” that the new Cabinet appointees are all also members of Parliament. The President
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New Mongolian Prime Minister Aims for Economic Growth
October 13, 2017 by admin

Resolving the issues around the recent removal of the Prime Minister, a new Prime Minister was appointed by Parliament as expected. U.Khurelsukh, appointed the 30th Prime Minister of Mongolia. A key question of Members of Parliament before confirming U.Khurelsukh’s appointment is the plan for creating a better economic environment for small and medium businesses. The new Prime Minister has pledged
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Mongolia Government Debates Amendments to Labor Law
September 22, 2017 by admin

In a recent meeting, the Mongolian government endorsed a set of draft amendments to the Labor Law. The planned amendments would clarify an employer’s responsibilities to employees, improve payroll regulation and systems, decrease time required to resolve labor disputes in court, and establish regulations for mining workers who often work long
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President Seeks Ties with Russia, MPP Confers on New Prime Minister
September 15, 2017 by admin

President Kh.Battulga visits Vladvostok this week to attend the third Eastern Economic Forum (EEF). This is seen by some an part of efforts to further regional integration, while at the same time reducing dependence on China. The President has spoken publicly about the dangers of potential dependency. The clear favoritism for Russia is seen as a departure from previous policies, which
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Prime Minister Voted Out, What Does it Mean for Mongolia?
September 8, 2017 by admin

The big news in Mongolia today is the vote by parliament on Thursday to remove the Prime Minister and Cabinet from office in connection with alleged “incompetence” and “corruption”. The vote is triggered by the government’s engagement of companies with connections to three members of the Cabinet.
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Political Manuvering in Mongolia Threatens IMF Review of Funding
September 1, 2017 by admin

http://mailchi.mp/49daa08061c7/political-maneuvering-in-mongolia-threatens-imf-review-of-funding The Executive Board of the International Monetary Fund (IMF) on May 24, 2017 approved a three-year extended arrangement under Extended Fund Facility (EFF) for Mongolia to support the country’s economic reform program. Other financing partners, including the Asian Development Bank, the World Bank, Japan, and Korea, have also committed to provide budgetary and project support, and the People’s Bank of
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Petroleum draft bill not passed
March 25, 2016 by admin

Thursday`s (14th May 2014) plenary session meeting of Parliament settled the final discussion on a new revision into the Petroleum law of Mongolia, the Petroleum law manual, and other amendment bills. However, the new revision into the Petroleum law of Mongolia was not passed as 50 percent of MPs who attended rejected it, claiming the revision did not need to
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Minister meets CIC delegation
March 25, 2016 by admin

Ulaanbaatar /MONTSAME/. The Minister of Economic Development N.Batbayar received a delegation headed by Mr. Ding Xuedong, CEO of the China Investment Corporation (CIC) Monday, 26th May 2014. The latter expressed a willingness to make investments to the biggest projects in Mongolia. As of present, the CIC has invested USD 210 billion at international level, of which one billion has been
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Mongolia Considers Raising Country’s Debt Ceiling to Facilitate Infrastructure Development
March 25, 2016 by admin

The Ministry of Finance has prepared and presented a plan to raise Mongolia’s debt ceiling that would give opportunity to the country to sell more foreign debt to pay for infrastructure development. The country’s current debt ceiling is 40 percent of GDP. The plan is to increase it to 70 percent, according to Mr. K. Ganzorigt, the State Secretary of
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Laying the foundations
March 25, 2016 by admin

We here proudly present a viewpoint of David Beckstead at Lehman Lee & Xu Mongolia LLC, which is an associated company of Lehmanlaw Mongolia LLP, on building a stronger legal structure. The article was published on Mongolia Report 2014 by Oxford Business Group. I am often asked by foreign investors about my perception of Mongolia’s economic prospects. In the short
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