August 23, 2018

Civil servants to see raises of 8 to 30 percent in 2018


During its regular session on August 22, Cabinet passed a resolution to raise salaries for civil servants from eight to 30 percent in 2018. After negotiations with staff from the International Monetary Fund, 92.4 percent of the all civil servants (173,100 people) will receive wage increases. The resolution will not affect officials holding positions at political, administrative, or judiciary levels. It was reported that there would be an 8 percent wage increase for roughly 145,000 civil servants, while the remaining 28,200 employees will receive salary increases of up to 30 percent, depending on their position and a workplace evaluation.

Keywords: Cabinet, public service, IMF   The National Post /page 2/

Parliamentary resolution on Khentii Province by-election repealed 


During a meeting of the Constitutional Court on August 22, it was ruled that Parliamentary Resolution no.62 on setting a date for a by-election in Parliament’s 42nd constituency, Khentii Province, would breach the constitutional rights of public servants to run for political office. It was decided that Resolution no.62 be repealed for violating Constitutional Law. Citizens S.Munkhtsetseg, B.Oyu, and A.Gulim, who reported that their constitutional rights had been breached by the resolution, and Member of Parliament D.Lundeejantsan, as an authorized representative of Parliament, attended the meeting.

Keywords: Constitutional Court, elections, Khentii aimag   Today /page A2/


Inflation rate stands at 7.7 percent nationwide


The National Statistical Office reported that the overall rate of inflation stood at 7.7 percent nationwide and at 8.8 percent in Ulaanbaatar as of the end of July, nearing a target rate of 8 percent specified in the central bank's Monetary Policy Guidelines for 2018. Governor of the Bank of Mongolia N.Bayartsaikhan explained that the growth in inflation was mainly driven by supply-side factors. He added that the inflation rate is forecasted to stabilize close to the target rate in the mid-term, even if there has been a temporary increase in the general inflation rate. According to Bank of Mongolia analysts, price hikes for fuel, meat, and vegetables accounted for roughly 50 percent of inflation in Ulaanbaatar as of July.

Keywords: economic growth, consumer price index, Bank of Mongolia   The Official Gazette /page 4/

online story  

8th Asia-Pacific Forum on Renewable Energy takes place in Ulaanbaatar


From August 22 through 24, the 8th Asia-Pacific Forum on Renewable Energy is being held in Ulaanbaatar. Over 150 delegates from China, Germany, South Korea, Sri Lanka, Iraq, Japan, and Bhutan are attending the forum to discuss renewable energy development prospects, electricity savings, as well as electricity storage technology. Minister of Energy Ts.Davaasuren stated, “We hope to discuss cooperation opportunities with delegates in implementing Asia’s 'Super Grid’ project with financing from Asian Development Bank. If the project is successful, Mongolia will be able to export renewable energy to Northeast Asia.”

Keywords: energy export, wind power, solar power

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