March 22, 2018

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Russian data on Mongolia's geology returned   


Minister of Foreign Affairs D. Tsogtbaatar handed over the first part of a report on Russian geological research conducted in Mongolia from 1950 to 1990 to Minister of Mining and Heavy Industry D. Sumiyabazar. Seventy discs of data have been handed over, which had been stored in the archives of the Russian Federal Geological Fund. Once entered into Mongolia's geological and minerals resource database, the research data is expected to significantly contribute to the development of geological sector and play an important role in attracting domestic and foreign investment. During a ceremony for the presentation of the report, Minister D. Tsogtbaatar stated, “Collecting geological data requires a lot of effort, time and investment. These materials will definitely be of great  importance to attracting investment and planning further action. Investors require baseline data, so this information will be very helpful.” Minister D. Sumiyabazar said, “These documents will vastly contribute to the development of the geological and mining sectors, and will be of great help to enriching the Mongolian treasury fund. Due to certain conditions during socialist times, the research materials and reports of Soviet expeditions were not handed over to the state's geological fund. Thanks to the close cooperation of the Ministry of Mining and Heavy Industry with relevant Russian institutions, today we are receiving these valuable documents. Besides contributing to the development of the country’s geological sector, these materials will also become important to geological science and undertaking an assessment of the minerals sector.”   

Keywords: Russia, MoFA, MMHI   National News /page 4/


Information sessions on securities and bonds to be offered       

Summary: Public information sessions about the securities market are being organized by the Mongolian Stock Exchange (MSE)  and scheduled to start on March 26, at 2:00 p.m. at  the MSE Training Center. The theory and practice trainings will be led by professionals working in the financial and securities markets. Training sessions will be held on stock exchange operations, how to get involved in the MSE's securities sales, securities payments and savings, basic knowledge about bond and their risk factors, IPOs, and the importance of shares, and their yields and risks.

Keywords: MSE, financial education, public outreach         Century News /page 5/

MCS Group Job Fair takes place      

Summary: On March 22 and 23, five affiliate companies of MCS Group will host a job fair with the Employment Support Center at Dunjingarav Center. The fair will involve MCS Group’s Uniservice Solution, M-Armour, MCS Coca-Cola, and DDish TV. The companies will offer information about more than 150 vacancies and 17 professions.    

Keywords: jobs, employment, MCS          Century News /page 5/

online story  

Mongolian sales managers’ index increases     

Summary: According to World Economics, the Mongolian sales managers'  index increased in March, reaching 51.8 points, after previously being in decline. The index is calculated based on the speed and direction of economic activity, and analysts say an increase is a sign of a growing economy. As of March, the market growth index increased and reached its highest point in the last six months. World Economics also highlighted that there was an increase in the business confidence index. In February the index was at 53.4 points, but it  approached almost 60 points in March. In 2016, the business confidence index was at 30 points.

Keywords: World Economics, economic indicators 

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The American Chamber of Commerce in Mongolia · 8F Naiman Zovkhis Building 21 Seoul Street · Ulaanbaatar, 01 14251 · Mongolia