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Thursday, 07 December 2006 |
 The winners
of the tender to privatize the Gobi Cashmere Ltd., the largest cashmere
producer in Mongolia, were announced Thursday morning with the Japanese
Toshisoke Investment Bank and HS Security’s consortium outbidding the other
competitor by nearly US $350,000.
Just two
consortiums competed in the open, international tender for the Mongolian
state’s 73.47 percent equity interest (5,730,198 common shares) in Gobi Cashmere
Ltd.
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Friday, 01 December 2006 |
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According
to research done for the first time in Mongolia, the cost of state
regulation is the chief factor inhibiting the countries development and
reducing economic growth.
The research,
completed by Ch. Khashchuluun, Doctor of Economics at the School of Economy,
National University of Mongolia, was initiated by the Open Society Forum and named
Mongolian Freedom of Economy. The research’s presentation was done recently in
the meeting hall of the Open Society Forum.
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Monday, 06 November 2006 |
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The Ministry of Finance announced Monday that an earlier discussed project where by a Japanese bank would support Mongolian banks with funds for SME loans has been initiated and will commence immediately.
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Thursday, 02 November 2006 |
 The
consortium of the Chinggis Khaan Bank, Russian Public Bank of Bratsky and
Mongol Insurance won for the privatization of the Savings Bank by more than US $1million
over the next competitor, the Anod-Monnis Consortium, officials announced Thursday.
The
Chinggis Khaan bank’s consortium offered over US $20.1 million while the
Anod-Monnis Consortium gave US $18.71 million and Soyuz Bank of Russia submitted
US$18 million.
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Wednesday, 01 November 2006 |
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The winner of
the tender for the privatization of the Savings Bank will be clear tomorrow at
10:00am in the meeting hall of the State Property Committee’s building,
government officials said Wednesday.
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Thursday, 05 October 2006 |
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On Wednesday, Golomt Bank singed a transfer loan agreement
with the Ministry of Finance to make small and medium private enterprise loans
available. While six commercial banks of
Mongolia,
TDB, Golomt, Xac, Zoos, Khan and Capitron banks were all selected by the
ministry, only TDB and Golomt have signed agreements.
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Tuesday, 03 October 2006 |
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AeroMongolia
has cancelled all flights from Ulaanbaatar to Chon-ju, Korea
for the month of October for lack of permission from the Korean Civil Aviation Bureau,
said a company official Tuesday.
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Wednesday, 06 September 2006 |
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Import and
export delays and problematic credit laws are a hindrance to business reform
and development in Mongolia,
a joint World Bank and International Finance Corporation report has found.
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Friday, 01 September 2006 |
 Before the
1990s, made-in-Russia vehicles filled the streets of Ulaanbaatar. Today, one can see hardly any
Russian cars among Ulaanbaatar’s
70,000 vehicles, except off-road vehicles like UAZ jeeps, still favored by many
off road drivers.
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