Mongolia Brief October 17, 2014
Vice FM Meets FM of Philippines
By B. Amarsaikhan
Ulaanbaatar, October 17 (MONTSAME) The Mongolian delegation, headed by the President Ts.Elbegdorj, is taking part in the 10th Summit of Asia–Europe Meeting (ASEM).
The measure is running October 16-17 in Milan of Italy. A member of the delegation, the Vice-minister of Foreign Affairs D.Gankhuyag held a meeting with the Minister of Foreign Affairs of the Philippines E.Garcia on October 16 to exchange with him opinions on the bilateral relations and on international and regional matters.
For the preparation for the Summit, a meeting of high officials from ASEM countries ran October 13-15 in Milan, at which Mongolia was presented by a delegation led by Ts.Batbayar, a director of Department for Policy-planning and Strategy of the Ministry of Foreign Affairs.
President's Advisor Meets Reps of Leather Industry
Ulaanbaatar, October 17 (MONTSAME) An advisor to the President on Living Environment and Green Development Policy L.Erkhembayar met on October 16 with the authorities of the leather industry Association of Mongolia.
The visitors included a head of department of Light Industry Policy Regulation of the Ministry of Industry and Agriculture Ts.Bayarmaa, a president of the above Association B.Enkh-Amgalan, an executive director of the Association T.Bayarsaikhan, a member of the Board of the Association N.Altai, and a director of Mongol Chevron LLC Ts.Tumen-Ulzii.
The sides focused on ways of reducing a pollution of the river Tuul, purifying waste from leather entities, and discussed opportunities to relocate the leather manufacturers and water treatment facility "Khargia" from the city.
President Elbegdorj Speaks at 10th ASEM Summit
By B. Khuder
Ulaanbaatar, October 17 (MONTSAME) The leader of Mongolia took the floor to address all who gathered for the 10th ASEM summit on Thursday in Milan, Italy.
He congratulated the government of Italy for a successful hosting of the Summit and the Heads of State of Croatia and Kazakhstan for joining ASEM membership. "This summit is taking place at an uneasy time when the world is facing multiple challenges, including a spread of Ebola, regional confrontations and an increasing threat of terrorism.
"The 10th summit provides yet another opportunity for the leaders of its member states to discuss, exchange opinions and reach common grounds and positions on this matters of global significance. At the UN General Assembly in New York this September Mongolia expressed its position on climate change issues and called the world community for resolute actions to address them.
"Mongolia concurs that the 10th ASEM Summit shall help strengthen cooperation between the countries of Asia and Europe, boost trade, energy and investment relations and further promote sustainable development. Mongolia has been putting forward certain initiatives in these areas. For instance, in Dushanbe in September this year, Russia, China and Mongolia held a first Tri-Parties Highest Level Meeting, where their leaders agreed to strengthen cooperation in transit transport and infrastructure and eliminate barriers to trade. I do believe that strengthened cooperation between China, Russia and Mongolia shall make a tangible contribution to Asia and Europe even closer.
"Contributing to strengthening peace and stability in North East Asia is a priority of Mongolia's national security policy. Mutually trusting and confident dialogues between countries are an important cornerstone in our relations. In this conjunction, within the confines of the Ulaanbaatar Dialogue on North-East Asia Security I put forward some time ago, Mongolia has successfully hosted and organized the Meeting of North-East Asian Women-Parliamentarians, International Researchers' conference and the Meeting of the Governors of Cities of North East Asia.
"Once again, let me reiterate my confidence that the 10th ASEM Summit shall play a crucial role in expanding the scope and magnitude of Asia-Europe relations and cooperation," said the President Elbegdorj.
President Ts.Elbegdorj meets German Chancellor Angela Merkel
October 17 (news.mn) President of Mongolia Ts.Elbegdorj met German Chancellor Angela Merkel following his speech at the opening for the 10th ASEM Summit in Milan, Italy on Thursday.
Chancellor Angela Merkel asked about the latest in Mongolian politics from Ts.Elbegdorj. She also congratulated and expressed support for Mongolia's bids to host the 11th ASEM Summit in Ulaanbaatar.
Both parties exchanged views on several issues. Particularly, the Chancellor noted opportunities to further bilateral cooperation on a coal gasification project.
The German Chancellor also emphasized that Germany's raw material imports from Mongolia has been decreased due to economic difficulty and pledges to encourage bilateral trade and economic cooperation between Mongolian and German businesses and organizations in the future.
The Chancellor also pledges to link SIEMENS group to Mongolian businesses.
Ts.Elbegdorj Meets Chancellor of Germany – Montsame, October 17
Mongolian and Russian nationals to travel without visa
October 17 (news.mn) A visa-free agreement allowing both Mongolian and Russian nationals stays of up to 30 days in either country was signed between the governments of Mongolia and the Russian Federation on September 3rd 2014.
The visa-free agreement will be effective starting November 14th 2014. Under the agreement, all types of passport holders of both countries can enjoy a visa-free stay in Russia or Mongolia for up to 30 days. The total period of stay should not exceed 90 days within 180 days since the first entry of any traveler.
If any traveler from either country needs to stay for more than 30 days they must apply for a visa.
Mongolian judoka wins gold at Judo Grand Prix
October 17 (news.mn) The international Judo Grand Prix tournament started Thursday in Tashkent, Uzbekistan.
From the start of the tournament winners of men`s 60 and 66 kg and women`s 48 and 52 kg events seized the podium. Mongolian judokas grabbed a gold, two silver and two bronze medals on the first day.
Mongolian judoka IM D.Amartuvshin in the men`s 60 kg weight division won the gold medal defeating Uzbekistan`s Diyorbek Urozboev in 1 minute and 19 seconds. From the qualifying matches D.Amartuvshin overpowered three strong rivals of the host country, leaving Uzbek fans disappointed. D.Amartuvhsin won silver from Astana Grand Prix and gold at Tashkent Grand Prix.
IM D.Altansukh in the men`s 66 kg weight category was defeated by Uzbekistan's judoka Rishod Sobirov for the final round and claimed silver.
In the women`s 52 kg weight category Mongolian judoka IM A.Tsolmon was defeated by Romanian judoka Andreea Chitu and given a penalty but won silver.
IM G.Kherlen in the men`s 60 kg and IM G.Otgontsetseg in the women`s 48 kg each won bronze medals. G.Otgontsetseg brought home the only gold medal for Mongolia from Astana Grand Prix.
Judokas grab medals in Grand Prix in Tashkent – Montsame, October 17
Photo News: Mongolia-China Friendship Memorial Unveiled
October 17 (infomongolia.com) In 2014, Mongolia and the People's Republic of China are celebrating the 65th anniversary of the establishment of diplomatic relations, moreover at the Cabinet meeting it was resolved to mark as the "Year of Mongolia-China Cultural and Art Exchange".
In the frames of celebration, the Ministry of Foreign Affairs of Mongolia hosted a banquet dedicated to the 65th anniversary and the unveiling ceremony of the Mongolia-China Friendship Memorial was also held in Ulaanbaatar on October 16, 2014.
At these ceremonies the Embassy staff headed by Ambassador Extraordinary and Plenipotentiary of the PR of China to Mongolia, Wang Xiaolong have participated.
The Friendship Memorial has been constructed under the "Beijing Street" Project established between the two Governments and the street from Mongolian University of Science and Technology to "Sansar" tunnel in Bayanzurkh District is under construction being developed by Beijing Construction Engineering Group, which anticipates to officially opening on October 27, 2014. The 60 million CNY project is implemented under grant aid from the Government of China.
10th Asia-Europe Meeting Summit Begins in Milan, Italy
October 17 (infomongolia.com) On October 16, 2014, the 10th Asia-Europe Meeting (ASEM) Summit started in Milan, Italy and Mongolian representatives led by President of Mongolia Ts.Elbegdorj have attended the Summit.
The ASEM Meeting is an informal process of dialogue and cooperation bringing together the 27 European Union member states, 2 other European countries (Norway and Switzerland), and the 10 South East Asian and 10 North East Asian countries including Australia, China, Mongolia, Myanmar, Russia, Pakistan, Republic of Korea, New Zealand, India, Japan and the ASEAN Secretariat. This latest round of enlargement brings total ASEM membership to 51 partners.
Currently, the European Union and Italy are the European coordinators and Malaysia and Mongolia are the Asian coordinators.
The ASEM Meeting takes place once every two years.
The ASEM Meeting serves as podium for every decision-makers, policy-makers, scientists, representatives from civil society and businessmen to express their views. The ASEM dialogue addresses political, economic and cultural issues, with the objective of strengthening the relationship between our two regions, in a spirit of mutual respect and equal partnership.
On October 16, President Ts.Elbegdorj, as the coordinator for North and South East Asian countries at the ASEM Meeting, met with President of the European Council Herman Van Rompuy, President of the European Commission Jose Manuel Barroso and the High Representative of the Union for Foreign Affairs and Security Policy Federica Mogherini to exchange views on issues related to organizing the ASEM Meeting.
The current ASEM Summit is taking place under the theme of "Responsible Partnership for Sustainable Growth and Security".
Mongolia Submits Its Candidacy to Host 11th ASEM Summit in Ulaanbaatar
October 17 (infomongolia.com) On October 16, 2014, the 10th Asia-Europe Meeting (ASEM) Summit started in Milan, Italy and President of Mongolia Ts.Elbegdorj delivered a speech at the opening ceremony of the Summit.
In his speech, President of Mongolia said, "First of all I would like to express our gratitude to the Government of Italy for successfully hosting this Summit and congratulations to the leaders of Croatia and Kazakhstan for becoming new members of the ASEM.
The 10th ASEM Summit is taking place at an uneasy time when the world is faced with multiple challenges including the spread of Ebola outbreak, regional confrontations and the increasing threat of terrorism.
This Summit provides yet another opportunity for the leaders of its member states to discuss, exchange opinions and reach common grounds and positions on this matters of global significance.
At the UN General Assembly in New York held last September, Mongolia expressed its position on climate change issues and called the world community for resolute actions to address them.
Mongolia concurs that the 10th ASEM Summit shall help strengthen cooperation between the countries of Asia and Europe, boost trade, energy and investment relations and further promote sustainable development. Mongolia has been putting forward certain initiatives in these areas. For instance, in Dushanbe in September this year, Russia, China and Mongolia held the first Tri-Parties Highest Level Meeting, where the leaders of our three countries agreed to strengthen cooperation in transit transport and infrastructure and eliminate barriers to trade. I do believe that strengthened cooperation between China, Russia and Mongolia shall make a tangible contribution to Asia and Europe even closer.
Contributing to strengthening peace and stability in North East Asia is a priority of Mongolia's national security policy. Mutually trusting and confident dialogues between countries are an important cornerstone in our relations. In this conjunction, within the confines of the Ulaanbaatar Dialogue on North-East Asia Security I put forward some time ago, Mongolia has successfully hosted and organized the Meeting of North-East Asian Women-Parliamentarians, International Researchers' conference and the Meeting of the Governors of Cities of North East Asia.
Once again, let me reiterate my confidence that the 10th ASEM Summit shall play a crucial role in expanding the scope and magnitude of Asia-Europe relations and cooperation".
On the same day, the President Ts.Elbegdorj held a bilateral meeting with the Chancellor of Germany Angela Merkel, where the latter part congratulated Mongolia for submitting its candidacy to host the 11th ASEM Summit in Ulaanbaatar, Mongolia and said that Germany will render all-around support on the matter.
President Ts.Elbegdorj and Chancellor A.Merkel exchanged views and opinions on issues of mutual interest. Chancellor Merkel confirmed the possibility for Germany to cooperate with Mongolia on the coal liquefaction project.
Chancellor Merkel pointed out that due to German economic and financial difficulties, German imports of Mongolian raw materials and other goods have shrunk to a certain level, yet she stated that she would call the German business entities for expanding and invigorating their business and trade relations with Mongolia. In this context, Chancellor said she would connect the Siemens Group with Mongolia.
Today on October 17, 2014, Mongolian delegates headed by President Ts.Elbegdorj are conducting an official visit to Budapest, Hungary.
Prime Minister N.Altankhuyag to Chair Ministry of Finance until its New Minister will Be Approved by Parliament of Mongolia
October 17 (infomongolia.com) At the irregular plenary session of the State Great Khural (Parliament) held on October 16, 2014, it was ratified to dismiss seven Ministers from their posts following the decision to merge six Ministries into three organs and change the Ministry of Foreign Affairs as the Ministry of Foreign Affairs and Economic Cooperation.
Accordingly, former seven Ministers and incumbent Parliamentarians Mr. Chultem ULAAN (Ministry of Finance), Mr. Luvsanvandan BOLD (Ministry of Foreign Affairs), Mr. Tsevelmaa BAYARSAIKHAN (Ministry of Construction and Urban Development), Mr. Amarjargal GANSUKH (Ministry of Roads and Transportation), Mr. Davaajav GANKHUYAG (Ministry of Mining), Mr. Nyamjav BATBAYAR (Ministry of Economic Development) and Mr. Mishig SONOMPIL (Ministry of Energy) are no longer hold their posts.
However, it was expected to approve three new Ministers (D.Zorigt as the Minister of Finance, L.Purevsuren as the Minister of Foreign Affairs and Economic Cooperation, and R.Jigjid as the Minister of Mining and Energy) at the irregular session, but Mongolian People's Party (MPP) Group at the Parliament requested a 5-day postponement on the ground that the name of the fourth Minister (for Infrastructure Development) should be submitted as well as other Ministers if to be changed should be also introduced same time.
Thus, in absence of opposition party (MPP) representatives, Parliament cannot ratify new heads of the Ministries of Mongolia.
Therefore, an irregular Cabinet meeting was held later on October 16th and it was decided to appoint temporarily the heads of 'vacant' Ministries until its new Ministers will be approved by the Parliament.
Henceforth, Minister of Population Development and Social Protection S.Erdene will co-chair the Ministry of Infrastructure Development, Minister of Industry and Agriculture Sh.Tuvdendorj to co-chair the Ministry of Mining and Energy, Head of the Cabinet Secretariat Ch.Saikhanbileg to chair the Ministry of Foreign Affairs and Economic Cooperation, and Prime Minister N.Altankhuyag to chair the Ministry of Finance respectively.
State Head at ASEM Summit
Ulaanbaatar, October 17 (MONTSAME) The 10th Asia-Europe Meeting /ASEM/ summit has started in Milan of Italy, in which Mongolia has been represented by the President and accompanying him delegates.
The ASEM meeting is an informal process of dialogue and cooperation bringing together the 27 European Union member-states, 2 other European countries /Norway, Switzerland/, and the European Union with 10 South East Asian and 10 North East Asian countries including Australia, China, Mongolia, Myanmar, Russia, Pakistan, Republic of Korea, New Zealand, India, Japan, and the ASEAN Secretariat. This latest round of enlargement brings total ASEM membership to 51 partners. Currently, the European Union and Italy are the European coordinators and Malaysia and Mongolia are the Asian coordinators. The ASEM Meeting takes place once every two years. It serves as podium for every decision-makers, policy-makers, scientists, representatives from civil society and businessmen to express their views.
The ASEM dialogue addresses political, economic and cultural issues, with the objective of strengthening the relationship between our two regions, in a spirit of mutual respect and equal partnership.
The President Elbegdorj, as the coordinator for North and South East Asian countries at the ASEM Meeting, has met with a president of the European Council Herman Van Rompuy, a President of the European Commission Jose Manuel Barroso, and the High Representative of the Union for Foreign Affairs and Security Policy Federica Mogherini to exchange views on issues related to organizing the ASEM meeting.
The current summit is taking place under the theme of "Responsible Partnership for Sustainable Growth and Security".
Draft Laws Submitted to Parliament
Ulaanbaatar, October 17 (MONTSAME) Head of the Cabinet Secretariat for Government Ch.Saikhanbileg Thursday submitted to the Speaker Z.Enkhbold bills on the 2015 budget, on the 2015 budget for social insurance fund, and on the 2015 budget for Human Development Fund (HDF).
Moreover, he presented draft amendments to the laws on excise tax and on minerals. By the latter he wants to change a situation when a fluctuating rate of the US dollars, in which a payment for special license is made, increases tax pressure and affects the budget revenue. He also proposes making the excise tax payment in the Mongolian Togrog (MNT).
Duties of Freed Ministers Assigned to Others
Ulaanbaatar, October 17 (MONTSAME) An irregular meeting of the cabinet on October 16 decided to oblige several Ministers to carry out the duties of those who will be appointed soon the heads of new Ministries.
The Minister of Labour and Social Welfare S.Erdene will act simultaneously as the Minister of road, transportation, construction and urban development, the Minister of Industry and Agriculture Sh.Tuvdendorj–as the Minister of Mining and Energy, and a head of the Cabinter Secretariat of the Government--as Foreign Affairs and Economic Cooperation Minister.
Government Rep to UN GA Addresses Sustainable Development Issue
Ulaanbaatar, October 17 (MONTSAME) The Mongolian Government's representative to the 69th session of the UN GA Ms O.Enkhtsetseg spoke at the Second Committee plenary meeting on sustainable development on October 17.
She stressed that the time has come to complete the Millennium Development Goals (MDGs) and to issue the development goals beyond 2015, noting an importance of reflecting the special needs and interests of the landlocked countries into the new documents.
She also highlighted a contribution of new groups descending the UN "Rio+20" Conference, namely, of the open working group on Sustainable Development and an intergovernmental committee on Sustainable Development Finance, to issuance of the basis of development goals beyond 2015.
A damage of natural disasters occurred in the last four years has amounted to over 100 billion US dollars, noted O.Enkhtsetseg and expressed a hope that the third UN World Conference on Disaster Risk Reduction, expected in Sendai of Japan in 2015, will define effective solutions to resist natural disasters.
She informed the gathered about Mongolia's state policies and activities, particularly about Green Development policy and its implementation.
Some 28 Parliamentarians Propose to Withdraw Prime Minister of Mongolia
October 17 (infomongolia.com) On October 17, 2014, MP D.Khayankhyarvaa, MP Ya.Sodbaatar, MP N.Nomtoibayar and MP Ch.Khurelbaatar representing some 28 Members of the State Great Khural (Parliament) have submitted a Letter of Request to withdraw the Prime Minister of Mongolia and handed it to the Speaker of Parliament Z.Enkhbold.
The reasons to remove the incumbent Premier N.Altankhuyag are based on breaches of several clauses of the Constitution of Mongolia and as explained the letter handers, the Head of Government cannot perform his functions properly, besides violating the legislations repeatedly, and cannot rule the government organizational works that caused to decrease foreign direct investments.
Moreover, the Cabinet chaired by N.Altankhuyag sickened the country economy in terms of reckless spending without studies, even the International Monetary Fund, the World Bank and other international independent organizations keep warning that Mongolia's economic growth will slow down considerably and is likely to decelerate and slip into the single-digit, claim above Parliamentarians.
Proposal Submitted to Parliament on Dismissing PM – Montsame, October 17
Our Parliamentarians at 131st IPU Assembly
Ulaanbaatar, October 17 (MONTSAME) Members of the State Great Khural (parliament) Su.Batbold and G.Uyanga have taken part in the 131st Assembly of the Inter-Parliamentary Union (IPU) which ran October 12-17 in Geneva, Switzerland.
The Mongolian MPs met with their counterparts of Australia, Iceland and Mexico to exchange views on the bilateral relations and cooperation. They noted that agendas discussed at the IPU assembly, such as ensuring gender equality and ceasing violence against women, already have become global critical issues and that the IPU urges nations to take serious measures to tackle them.
They also took part in meeting of IPU's Steering Council, Standing committees on democracy and human rights, on peace and security, on human rights of parliamentarians, on UN affairs, on sustainable development on finance and trade.
A parliamentarian from Bangladesh Saber Choudhuri was elected the new president of the IPU.
Ulaanbaatar Supports JCI
Ulaanbaatar, October 17 (MONTSAME) The Mayor of Ulaanbaatar E.Bat-Uul received October 16 a president of JCI (Junior Chamber International) for 2014 Shine Bhaskaran along with the members of JCI-Mongolia.
The president of JCI Mongolia S.Sainbat expressed intentions to organize the JCI Regional Congress for Asia and Pacific 2017 in Ulaanbaatar and asked the Mayor to run it together.
To this, the Mayor noted that JCI unites global young people of business and said that organized here the Asia-Pacific meeting may serve well for our country's development. He expressed a willingness to help by every possible means.
The president of JCI 2014 Shine Bhaskaran thanked the Mayor for his hospitality and presented activities of his organization. He was elected the president of JCI for 2014 during the 2013 JCI World Congress in Rio de Janeiro. Hr was was born in Natika of India, and majored in Hotel Management and Law. He is an executive director at companies Hotel Dreamland, Dreams Color Lab and Golden-Gate Tours and Travels. JCI is an active international organization that unites young leaders and business people on voluntary basis around the globe. The organization operates in four main fields: Business, Cooperation, Community and Individuals. As it has been participating actively in the operations of the UNICEF and the UNESCO, has obtained consulting status to the UN. JCI today has nearly 5000 branches operating in 120 different countries, and has 200 thousand active and some one million supporting members.
Foreign Affairs Minister relinquishes position
October 17 (news.mn) Foreign Affairs Minister L.Bold has relinquished his position today as he has been dismissed due to the restructure of the government. The position has been handed to the Head of Cabinet Secretariat of Government, Ch.Saikhanbileg.
The Head of Cabinet Secretariat of Government Ch.Saikhanbileg said, "L.Bold has done many great things in a short term. He will be remembered for quite some time. We know that he was successful during his term as the Defense Minister. I want to clarify that this dismissal is due to the restructure of the government, not punishment." Ch.Saikhanbileg wished L. Bold success in his future endeavors.
Foreign Affairs Minister L.Bold responded with, "The Foreign Affairs sector is where much can be done with less. As a member of the Standing committee on Security and Foreign Affairs, I will keep working close with the Defense and Foreign Affairs Ministries. However, I relinquish my position as Foreign Affairs Minister as I make my way toward becoming an MP."
State leaders exchange congratulatory telegrams
Ulaanbaatar, October 17 (MONTSAME) On occasion of the 65th anniversary of the Mongolia-China diplomatic relations, the leader of Mongolia Ts.Elbegdorj, the Prime Minister N.Altankhuyag and the Minister of Foreign Affairs L.Bold have exchanged congratulatory telegrams with their Chinese counterparts.
Mr Elbegdorj writes that Mongolia was one of the first countries to establish the diplomatic relations with the People's Republic of China, "our countries have been maintaining the principles such as respecting their independence, sovereignty and the territorial integrity, respecting each other equal, mutually beneficial and peaceful existence, and the ways of development, in accordance with fundamental documents of the traditional friendly relations and cooperation". The bilateral cooperation has been enhancing, reaching a comprehensive strategic partnership, he underlines and expresses a satisfaction wit it.
Leaders of China highlight that high-level mutual visits have bee regularized and that the political trust has been deepening thanks to joint efforts. An exchange and cooperation have expanded in the trade, economy and humanitarian sectors, they write and express a satisfaction with these achievements.
Stock exchange news for October 17
Ulaanbaatar, October 17 (MONTSAME) At the Stock Exchange trades on Friday, a total of 1,260 shares of 10 JSCs were traded costing MNT one million 900 thousand and 974.00.
"Merex" /364 units/, "State Department Store" /298 units/, "Khokh gan" /280 units/, "Gobi" /125 units/ and "Moninjbar" /100 units/ were the most actively traded in terms of trading volume, in terms of trading value were "Gobi" (MNT one million), "Talkh chikher" (MNT 240 thousand), "Makh impex" (MNT 185 thousand and 730), "State Department Store" (MNT 168 thousand and 817) and "Tav" (MNT 149 thousand and 900).
The total market capitalization was set at MNT one trillion 567 billion 185 million 664 thousand and 995. The Index of Top-20 JSCs was 15,614.18, decreasing 0.36 units or 0.00% against the previous day.
Birth certificate handed to newborn in Brazil
Ulaanbaatar, October 17 (MONTSAME) A newly opened Embassy of Mongolia to the Federal Republic of Brazil handed Friday a birth certificate to a newborn boy Dalai, whose mother is a Mongolian citizen D.Ganchimeg. It was the first birth certificate to be handed by the Embassy.
The Ambassador Ch.Sosormaa appreciated that Ganchimeg registered her son to a Mongolia citizenship, although being married to a Brazilian. "I wish that this is practiced throughout the world that families of Mongolians register their kids as the Mongolians, as did Dalai's father Fabio Gonsalves da Silva and mother D.Ganchimeg," said the ambassador and wished the family all the best.
Ulaanbaatar wants to host "Winter Universiade-2033"
Ulaanbaatar, October 17 (MONTSAME) A note of understanding has been signed in Chinese Guang Zhou by the Mayor of Ulaanbaatar E.Bat-Uul and a president of FISU (International University Sports Federation) Claude-Louis Gallien on official nomination of Ulaanbaatar as the host of Winter Universiade of 2033.
The event ran in frames of the decision made by the city administration and the Student Sports Committee of Mongolia to operate and develop plans to run for a host-country of the tournament expected in 2033, at the initiative of the Mayor. "An organization of the Winter Universaide in Ulaanbaatar is not a dream anymore. We can win the right if we can actualize our estimations, researches, conditions and opportunities," said the Mayor.
Autumn festival in Osaka advertizes Mongolian culture
Ulaanbaatar, October 17 (MONTSAME) Mongolian Consulate to Osaka of Japan organized the "Autumn - 2014" on October 13 in the Osaka Museum of Ethnic Cultures.
Advertizing Mongolian culture, the festival which is held twice, aims to make Mongolian people abroad proud their motherland, to cherish the language and culture and to inherit the unique culture and tradition to the next generation.
During the festival, a full concert themed "Cloud-printed Wind" was given, and it was directed D.Sosorbaram, a State Honored Actor, with performances of folk bands "Domog" and "Khusugtun", a pop-opera band "Uvertura", a long-singer J.Enkhbaatar, and a contortionist J.Nyamgerel.
Within the event, the news office in Japanese at the Mongolian National Public Radio held a meeting with their audience. The visit of the staff of the Japanese program on the occasion of the 25th anniversary of the newsroom, was one of the icons of this event.
Mongolia will become founding member and shareholder in the Asian Infrastructure Investment Bank
By Amarsanaa
October 17 (business-mongolia.com) Ambassador Ts.Sukhbaatar to the People's Republic of China receives mandate to sign on the Memorandum of Understanding between founding countries of the Asian Infrastructure Investment Bank.
The Asian Infrastructure Investment Bank was initiated by Chairman Xi during his visit to Mongolia and its importance lays on the solution of capital resource in the infrastructure sectors of the developing countries in the region, effective coordination of the capital and monetary flow and bringing acceleration in the regional development.
Government of People's Republic of China made proposal to Mongolia to become its founding member and the Cabinet Meeting approved such involvement. Draft of the Memorandum of Understanding of the Asian Infrastructure Investment Bank is composed and it will be signed by the representatives of founding countries on October 24. This signing will enable further contract building process and founders are planning that by the end of 2015, the bank will start its operation.
The bank establishment will add a new financial option for the Mongolian infrastructure and other sectors that require investment.
Mongol Bank bought 9.5 tonnes of gold
October 17 (Mongolian Economy) Gold transactions at Mongol Bank have increased by 81.4 percent due to the changes in the Gold Law and Minerals Law.
By October this year, there have been 1,516 unique gold transactions from entities plus 736 transaction from individuals ¬– close to more than 2,200 times. In 2013, only 1,299 unique gold transactions with Mongol Bank were made.
Last year, Mongol Bank had bought 5.2 tonnes of gold by October and at the same time in 2014 this figure is 9.5 tonnes – an 81.4 percent increase. A trend largely attributed to the ratification of the Gold Law and changes made to Mineral's Law.
There are over 67 gold mining companies throughout the country. In the first 10 months of the year, gold sales injected USD 328 million to Mongolia's economy by exporting it.
"Gold is free convertible foreign currency and strategic product which sustains its value. Thus, gold is one source to increase foreign currency reserve for a country like Mongolia where there are not many competitive products to export," says Sukhbaatar Purev, director general at The Bank of Mongolia, Banknote and Treasury Department.
By the end of this year, Mongol Bank expects to buy 12-15 tonnes of gold, equal to USD 600 million.
Mongolia to Host 11th ASEM Summit in Ulaanbaatar in 2016
October 17 (infomongolia.com) On October 17, 2014, the 10th Asia-Europe Meeting (ASEM) concluded in Milan, Italy and the Heads of State and Government unanimously agreed to convene the 11th ASEM Summit in Ulaanbaatar, Mongolia.
The official statements were delivered by the Speaker of the State Great Khural (Parliament) Z.Enkhbold and Prime Minister of Mongolia N.Altankhuyag in the Government House today afternoon on October 17, 2014, who were informed by President Ts.Elbegdorj.
In his remark, Speaker Z.Enkhbold said, "European Council President Herman Van Rompuy, who chaired the 10th Summit, announced at the closing ceremony that the 11th ASEM Summit will be held in Mongolia in 2016.
The ASEM Summit is an informal process of dialogue and cooperation bringing together the 28 European Union member states, 2 other European countries (Norway, Switzerland), and the European Union with 10 South East Asian and 10 North East Asian countries including Australia, China, Mongolia, Myanmar, Russia, Pakistan, Republic of Korea, New Zealand, India, Japan and the ASEAN Secretariat. This latest round of enlargement brings total ASEM membership to 53 partners including the two new members Croatia and Kazakhstan.
This decision shows how Mongolia's reputation is highly valued worldwide and in sports term, it is equivalent to host "Olympics", therefore we need to start preparations on organizational spheres from now on by giving utmost importance".
Premier N.Altankhuyag added, "The Government will work giving special importance to the organizational issues and by successfully hosting the 11th Summit is one of the biggest challenges faced so far".
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