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EuroChamber newsletter
28 April 2023
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United Green Group/Desert Solar Power One LLC- SME member
Upcoming events
1 May. Banking and Finance Working Group meeting
4 May. Sustainability and Energy Working Group meeting
9 May. International Trade Working Group meeting
EuroChamber's "Trade and Investment Climate Statement"
EuroChamber is aiming to release "Trade and Investment Climate Statement" in 2023. Main goals of the paper are to deliver EuroChamber's messages to the government and to serve as a practical overview of Mongolia's business environment for companies interested in Mongolia.

We kindly ask you to fill up a short survey to help us understand the challenges you face in doing business in Mongolia. It will take only 5 mins!

Please fill up this survey.

Thank you in advance for your valuable insights. Your inputs will be included in the "Trade and Investment Climate Statement 2023".
Invitation to take part in the Executive Opinion Survey
Invitation to take part in the Executive Opinion Survey
We are kindly inviting you to take part in the Executive Opinion Survey, which will make up 1/3 of the Mongolia's competitiveness assessment, which will be published in the"World Competitiveness Yearbook 2023".

The survey gives you the opportunity as a business leader operating in Mongolia to evaluate the performance of Mongolia’s economy on competitiveness issues, as well as sending an important message to government officials and media.

The World Competitiveness Yearbook, published by Swiss-based IMD World Competitiveness Center is the leading annual report on the competitiveness of countries and has been published annually since 1989. The report measures the competitiveness of countries based on more than 330 criteria. In doing so, competitiveness is measyred according to four main criteria; economic performance, governance efficiency, business efficiency and infrastructure.

The Economic Policy and Competitiveness Research Center is the official partner of the World Competitiveness Center and has been measuring Mongolia's competitiveness since 2010 within the framework of the cooperation.

Members of our Panel of Experts on World Competitiveness get the following advantages:

  • After filling in the survey, immediate access to the 2022 Summary Booklet (PDF, 125 pages)
  • A link to access the main results of the IMD World Competitiveness Yearbook 2023 on a website especially prepared for our Respondents, after the Yearbook has been published in June.
  • The extended 2023 competitiveness profile for your country (20 pages PDF, value CHF 50.--)
  • A discount code for the amount of CHF 400.-- for any electronic product of the IMD World Competitiveness Center

Click this linkto take the survey.
Go to the link above and select Mongolia to participate in the survey.
It will take approximately 20 minutes to fill out the survey. If you have any questions, please call 321926 or 99007614.
Steppe Inne Club's Invitation
Steppe Inne Club's Invitation
4 Reasons to visit the Steppe Inne Club this Friday (28th April)
  1. UNITED vs CITY: Now even if you do not come from Manchester or follow the beautiful game, we are sure there will be plenty of lively debate over who will win the FA Cup Final between these two city rivals.
  2. Congratulate Stefan and his colleagues for reopening the Polish Embassy, even if the official visit by President Andrzej Duda, did add to the usual UB traffic chaos. There were even 100’s of policemen lining the road though Terelj to make sure no wayward yak slowed down his speeding motorcade!!
  3. Meet two interesting gentlemen who are visiting UB from London and have promised to stop by the Steppe for a cleansing ale.
  4. Enjoy our Lindeman’s special. A glass of smooth silky Shiraz or a clean, crisp Chardonnay at affordable prices.

As Steppe Inne Club informed in their earlier invite, although the décor is very different, the ambience is still quintessential Steppe Inne; Relaxed, Welcoming, and Inclusive.
So, if you could not join Steppe Inne Club last week come along this Friday and see for yourself. As usual Steppe Inne Club will be there to welcome you from 6 p.m.
Mongolia Updates
Mongolian-Polish Business Forum
Mongolian-Polish Business Forum
In the framework of the State visit of President of the Republic of Poland Andrzej Duda to Mongolia, a Mongolian-Polish Business Forum was held on April 25 at Shangri-La Hotel in Ulaanbaatar.

President of the Republic of Poland Andrzej Duda and President of Mongolia Ukhnaagiin Khurelsukh delivered opening speeches to the Business Forum.

In their speeches, the Presidents of the two countries emphasized that the relations between the Parliaments, Governments, public organizations, citizens, and entrepreneurs have intensified, and the trade turnover of the two countries has reached USD 100 million doubling in the last three years.

Economic Adviser to the President of Mongolia B. Davaadalai stated that this Forum and the State visit would bring considerable results in significantly increasing the economic and trade cooperation between the two countries. He said, "Twenty Polish companies engaged in milk and dairy products, meat and meat products, health, medical equipment, information technology, electricity, energy, construction, and tourism are taking part in this Forum, whilst about 300 companies and entrepreneurs from Mongolia participate in the event. Most of them are food and agriculture companies. In other words, this sector is considered one of the most promising to cooperate in the future.”

Mining is another potential sector for cooperation with this country. The third cooperation sector could be banking and finance. In particular, the banking and financial sector of Poland has noticeably intensified since 2000. As the banking and financial sector goes digital around the world, there is a broad opportunity for cooperation between the Central and commercial banks. In addition, there is a possibility of attracting financial resources. Another potential area of cooperation is tourism. Three memorandums will be signed at this forum. The most notable MoU is the Memorandum of Understanding on Transit Facilitation. For a landlocked country such as Mongolia, transiting through the territory of Poland will give a huge advantage in terms of shipping to Europe and increasing trade."

Representatives of relevant organizations of both parties made presentations and provided information on the business environment of Mongolia and Poland, trade opportunities, transport logistics, agricultural export and import, opportunities for joint ventures and investments, and banking. The Mongolian National Chamber of Commerce and Industry, the Polish Investment and Trade Agency, and the Polish Chamber of Commerce signed a Memorandum of Cooperation. B2B meetings of Mongolian and Polish companies were held toward establishing business links and cooperation.
As of last year, Mongolia exported to Poland packaged medicine, sewn and knitted clothes, and goods worth USD 599,000, while Poland exported to Mongolia apples, pears, canned vegetables, fruits, nuts, chocolate, and cocoa containing food, pork, pork and poultry fat, beverages, pharmaceuticals, sanitary, face and nail care preparations worth USD 97.7 million.

The Business Forum was co-organized by the Mongolian National Chamber of Commerce and Industry, the Investment and Trade Agency of Poland, the Ministry of Foreign Affairs of Mongolia, and the Embassy of Poland in Mongolia.
Source: gogo.mn
Mongolia-Hungary Online Business Meeting
Mongolia-Hungary Online Business Meeting
Trade and economic cooperation between Mongolia and Hungary has been gradually intensifying. “The trade turnover between the two countries has reached USD 13 million,” it was noted at the online business meeting held last week. The participants of the business meeting concurred that cooperation between the businesses of Mongolia and Hungary should be developed grounded on non-mining exports.

The current Mongolian-Hungarian cooperation is developing based on traditional relations. At the meeting, they specified the renovation project of BioKombinat State-owned Company built with Hungarian assistance, and the continuing training of 200 Mongolian students in Hungarian higher educational institutions each year by the scholarship of the Government of Hungary.

Over 40 Mongolian and Hungarian companies took part in the online meeting and exchanged opinions on further cooperation.

Mongolia and Hungary established diplomatic relations on April 28, 1950. The Air Services Agreement between the Governments of Mongolia and Hungary has been recently renewed.

Source: montsame.mn
Local companies would be prioritised in tenders announced by local budget organisations
Local companies would be prioritised in tenders announced by local budget organisations
At the end of the Plenary Session of the Parliament on 26 April, 2023, the first discussion of the draft revision of the Law on Procurement of Goods, Works and Services with State and Local Funds was held. Ts. Sandag-Ochir, a member of the State Great Khural, presented the views and conclusions of the Standing Committee on Budget.

The following clauses are included in the draft revision of the law:
  • This law does not apply if goods and services are procured only in foreign countries in connection with the activities of the Government to promote Mongolia abroad.
  • As part of the decentralization policy, it is necessary to give priority to local legal entities and enterprises in tenders announced by all local budget organizations.
  • It is needed to clarify the conditions for providing advance payments to customers and contractors.
  • It is included in the draft revision that activities of the state administrative organizations in charge of procurement, and procurement units under the governors of provinces and capital city shall be in line with the relevant laws and regulations.
  • It is necessary to clarify regulations regarding the organization and composition of the evaluation committee.

The majority of the members who participated in the meeting of the standing committee supported the suggestion that the revised law should come into effect on December 1st, 2023.

Source: gogo.mn
Smart parking system to be introduced to save people’s time
Smart parking system to be introduced to save people’s time
During its plenary session, Parliament heard the information about traffic congestion in Ulaanbaatar, reducing its negative effects, and improving the accessibility, quality, and standards of public transportation.

Minister or Chairman of the National Committee on Reducing Traffic Congestion J.Sukhbaatar reported, “In 2022, 18 to 20 percent of the work to be carried out within the framework of the goal of reducing traffic congestion in Ulaanbaatar by 50 percent was successfully completed. As this is the basis of the total work to be done in 2023 and 2024, we believe that by completing 60 percent in 2023 and the remaining 20 percent in 2024, congestion in the city will be reduced by 50 percent.”

The average speed of vehicles during rush hours is 8.9 to 10.8 km/h. A preliminary study by the JICA shows that in 2030, it will reach five km/h and in 2040, traffic congestion will continue for a whole day, he said.

In 2023, it was decided to spend 15.1 billion MNT to renovate some parts of pedestrian and bicycle paths and increase access to schools and kindergartens. Moreover, 29.5 billion MNT was budgeted for the construction of main streets in Ulaanbaatar.

“We started to implement the optimal planning of road construction, expansion and renovation based on the impact on the reduction of road congestion, as reflected in the medium and long-term master plan for the development of the capital’s road network. In this context, we plan to build 16.45 kilometers of roads and 963.7 meters of bridges in 11 locations. With the full implementation of projects and measures, traffic congestion is projected to reduce by nine percent,” the minister continued.

As of today, 996 buses serve more than 500,000 citizens in 107 directions, but 68 percent of them are more than ten years old. In 2023, it is planned to purchase 600 large-capacity Euro5 standard buses, 160 buses with electric engines, and 50 medium-capacity buses. This year, 272 billion MNT was approved for public transport park renewal. The construction of a public transport park commenced in Khan-Uul and Songinokhairkhan districts. In 2024, 100 percent renewal of the public transport park will be achieved, old buses will be removed from service, running costs and air and environmental pollution will be reduced, and an outdoor parking lot with a capacity of 150 buses, a warm parking lot with a capacity of 220 buses, and a comprehensive service channel will be put into operation, and the quality of public transport services will be improved, according to J.Sukhbaatar.

He added, “The Introduction of High-Capacity Buses” Project is under research. According to preliminary calculations, the introduction of large-capacity buses using the highway from Tolgoit to Amgalan bus station along Peace Avenue will increase the speed of public transport and create a type of public transport that provides prompt services according to a detailed schedule.”

The first phase of the road network load reduction work was successfully implemented by introducing a road transport system, using technology to process actual road and vehicle data, perform data-based calculations, and manage traffic based on real-time monitoring. In 2023 and 2024, the second phase will be implemented to collect real-time integrated data of vehicles and regulate roads and transport.

Thus, traffic control will be improved by 40 percent and road traffic load will be reduced by 20 percent. Smart parking and electronic payment system will be introduced to save people’s time. Checkpoint bureaus and mobile police vehicles will be connected to each other through smart terminals to exchange information quickly, Minister J.Sukhbaatar elaborated.

Source: theubposts.com
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