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AmCham Mongolia Daily Newswire

October 26, 2018

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Parliament conducts its 2nd review of the 2019 state budget draft  
During its plenary session on October 25th, Parliament conducted a second review of a draft of the 2019 state budget and submitted it to standing committees, in preparation for a third review. During the second review, it was agreed that proposed expenditure for five projects in the budget would be reduced, while 13 projects will see increased funding. The budget for air pollution reduction will be reduced by 80 billion MNT, indicating that the program to install new smoke filters in the chimneys of ger district households will not receive state financing.

The Century News /page 2/
Government to cooperate with Rosneft on petroleum refinery construction
Cabinet has voted to establish a five-year agreement with Rosneft. Minister D. Sumiyabazar reported that Mongolia will collaborate with Rosneft on petroleum refinery construction, oil exploration, and the supply of petroleum products to the New Ulaanbaatar International Airport. Officials also stated that in the first nine months of 2018, foreign trade turnover stood at 9.6 million USD, a 25 percent year-over-year increase. But the overall export volume of Mongolia's main commodities has fallen slightly compared to the same period in 2017.                   

The National Post /page 8/
Central provinces to discuss their economic competitiveness
The Central Provinces’ Competitiveness Conference will commence on October 26th, in Darkhan-Uul Province. Over the last six years, the competitiveness indices of Orkhon, Darkhan-Uul and Umnugobi provinces have consistently scored higher among Mongolia's provinces. Since 2012, the Economic Policy and Competitiveness Research Center has released an annual provincial competitiveness index report, assessing the economic strength, governance efficiency, business efficiency, and infrastructure of provinces through an analysis of 180 criteria.         
The Official Gazette /page 11/
GIZ provides 30,000 EUR in aid to Uvs Province for tourism development
Governor of Uvs Province D. Batsaikhan and Project Manager of Integrated Mineral Resources Initiative of the German Agency for International Cooperation (GIZ) Karin Reinprecht have signed a 30,000 EUR financing agreement on the development of tourism in Uvs Province. The governor stated, “We plan to support our tourism operators with the financing, especially by encouraging them to build eco-friendly pit latrines.”
REWIND: Week of October 22, 2018
October 22
October 23
  • Officials discuss Ulaanbaatar-Tianjin cooperation potentialOn October 22, a delegation led by Li Hongzhong, Communist Party Secretary of Tianjin and a member of the 19th Politburo of the Communist Party of the People’s Republic of China, met with Speaker of Parliament N. Enkhbold. 
  • DP caucus weighs in on the proposed 2019 state budget. During a session on Monday, the Democratic Party (DP) caucus in Parliament heard a briefing from a working group that reviewed the draft of the 2019 state budget.
  • President Kh. Battulga meets with Mongolians living in EuropeWhile in Europe for the 2018 World Investment Forum, which is being held from October 22-26 in Geneva, Switzerland, President Kh. Battulga has met with Mongolians living in Geneva and nearby European countries.
  • MNT savings rose by 2 trillion MNT in August. According to data from the Bank of Mongolia (BoM), savings in tugrugs saw a year-over-year increase of 2 trillion MNT in August, totaling 9.4 trillion MNT, but the central bank noted that the MNT savings still haven’t reached a level high enough to meet the demand for MNT loans.
October 24
October 25
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