The long-discussed project to build Mongolia’s Fifth Thermal Power Plant has finally selected its contractor. After a four-stage bidding process, Cambodia-based Mitaim International won with a score of 75 points. In the final round, Mongolia’s own Shunkhlai LLC was the remaining competitor. The project carries a total cost
The Mongolian women’s national volleyball team competed in the East Asian Championship. In the group stage, they faced Taiwan and Hong Kong but were unable to secure a win. After losing 3:0 to Taiwan, the team started strong against host Hong Kong by winning the first two sets,
At a cabinet meeting, the government decided to allocate ₮175,400 to each citizen’s savings account. Under the Law on the National Wealth Fund, 34 percent of the profits from state-owned mining companies are transferred to the fund. In 2024 alone, these companies contributed a total of ₮495.6
The Government of Mongolia has officially submitted the 2026 consolidated budget draft to the State Great Khural (Parliament). Prime Minister G.Zandanshatar described it as a “Budget of Savings.” Below are some key figures and planned programs from the draft: • Total budget revenue: ₮31.6 trillion • Total budget expenditure: ₮32.
As part of the “"President's Scholar–2100” program, initiated by President U.Khurelsukh in 2021, one student is selected each year from all 330 soums and every district sub-division in Ulaanbaatar to study at the world’s top universities. Last week, 296 students who had won this
According to Fitch Ratings, Mongolia’s credit rating remains unchanged at “B+, Stable.” The agency projects Mongolia’s GDP growth at 5.7 percent in 2025 and 5.3 percent in 2026-27. It also highlighted that the government’s commitment to fiscal discipline is expected to bring public debt below
A parliamentary delegation led by Gerard Brownlee, Speaker of the House of Representatives of New Zealand, has paid an official visit to Mongolia. The visit was particularly significant as it coincided with the 50th anniversary of the establishment of diplomatic relations between the two countries. During official talks with Mr.
Samantha Mostyn, Governor-General of the Commonwealth of Australia, will pay an official visit to Ulaanbaatar from September 4 to 9. During the visit, she will hold official talks with President U.Khurelsukh of Mongolia, addressing a wide range of issues related to elevating bilateral relations to the level of a
Fifteen officers from Mongolia’s National Emergency Management Agency have been assigned to serve with the 15th Motorized Infantry Battalion of the Mongolian Armed Forces in the United Nations peacekeeping mission UNMISS (United Nations Mission in South Sudan). Mongolia has been deploying emergency service officers to international peacekeeping operations since
O.Tsogtgerel, head of the Democratic Party’s parliamentary caucus, has been elected to lead Mongolia’s second-largest political force. In the vote held over the weekend among members of the party’s National Policy Council, he secured the highest support with 62 percent of the votes. O.Tsogtgerel previously
The seventh trilateral meeting between the heads of state of Mongolia, China, and Russia took place in Beijing on Tuesday. The previous meeting had been held three years earlier, in 2022, in Samarkand, Uzbekistan. The highlight of this year’s summit was the agreement to implement a long-discussed project: constructing
Mongolia is experiencing strong growth in tourism, with 457,200 foreign visitors recorded in the first seven months of this year. According to the National Statistics Office, this marks a 21.2% increase compared to the same period last year, reflecting the country’s rising appeal as a travel destination.