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AmCham Mongolia Daily Newswire

September 26, 2018

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President Kh. Battulga meets with the President of Azerbaijan
As part of his working visit to Azerbaijan, President Kh. Battulga met with his counterpart from Azerbaijan, Ilham Aliyev, on September 24. During the meeting, the president asked about Azerbaijan’s logistical collaboration to bring Mongolia’s goods and commodities closer to the global market. President Aliyev expressed support for the proposal, and said that a team from Azerbaijan will visit Mongolia in October to explore cooperation opportunities in this regard.

Daily News /page 2/
Inflation expected to remain at 8 percent in 2019   
The Bank of Mongolia (BoM) submitted a draft of monetary policy guidelines for 2019 to Parliament. Governor of the BoM N. Bayartsaikhan stated that the target inflation rate for 2019 is expected to be set at 8 percent, the same rate as this year, and at 6 percent in the long-term. He added that it is imperative to keep growing the nation's foreign currency reserves, which stood at 2.9 billion USD in July, and to continue strengthening the risk-bearing capacity of the nation's banks. Within the framework of strengthening the financial market's infrastructure and general structure, the draft includes financial consumer protection, fintech development, and strategic regulations to reduce the number of non-performing loans.

The Official Gazette /page 2/
Executives from companies with recently issued IPOs hold a consultative meeting
Executives from Itools, And Energy, LendMN NBFI, Mongol Basalt, Ard Daatgal, and Mandal Daatgal, which have issued IPOs and become publicly-traded entities over the past year, held a consultative meeting on September 25. During the consultation, the participants discussed products and services available on the stock market, and measures to take to increase the liquidity of shares and diminish stock concentration.                          
The National Post /page 5/
Sainshand Salkhin Park begins supplying energy to the grid
Sainshand Salkhin Park (SSP) LLC announced that the first turbine of the plant has been commissioned and synchronized to the grid. Once all 25 turbines are connected to the grid, the plant will be supplying up to 55 MW to the grid, providing approximately 100,000 households with an improved power supply. It is projected that greenhouse gas emissions will decrease by 200,000 tons as a result of the provision of wind power. The project costs a total of 120 million USD.
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