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29 May. Banking and Finance Working Group meeting
29 May. Green Financing: A Positive Example Setting in Mongolia in cooperation with Khan Bank
6 June. Presentation of "Trade and Investment Climate Statement" by EuroChamber
On May 14th, 2023, EuroChamber participated in Europe Day organised by the EU Delegation in Mongolia by offering prizes for winners of darts competition.
EuroChamber held a discussion with Ms. Klaartje Genbrugge, EuroChamber's President and Mr. D. Khishigdorj, Export Department Manager from Tuushin LLC who shared their experiences on exporting to Europe.
Also, our member companies MARIS True Leather and Fromagerie MACU offered their products.
We thank CRM LLC, MARIS True Leather, Well Bee LLC and Ard Financial Group for sponsoring the Darts game prizes.
|European Chamber of Commerce in Korea is looking for a new President
The European Chamber of Commerce in Korea (ECCK) is looking for a new President of European nationality; this is truly an exciting opportunity. As president you are fully in charge for the overall operation of the chamber. The president is a combination of leadership and operational delivery and must ensure effective and efficient management of the ECCK. The role requires strong and inclusive leadership, interpersonal skills, the ability to analyse and provide a range of workable solutions, problem-solving, decision making ensuring the ECCK is compliant local legal requirements. There is also a strong focus on continuous improvement. The president reports directly to the Board of Directors of the ECCK and therewith primarily to the Chairperson of the ECCK.
About the Responsibilities
The President creates an environment and culture that focuses on fulfilling the chamber’s mission, vision, and values. He further ensures adequate operational management of the ECCK in reconciliation with the Board of the ECCK. Furthermore, he represents the ECCK towards the Korean and European government, in groups such as the EU Domestic Advisory Group or in other groups respectively conferences, community events and networking opportunities. Also, he ensures financial sustainability while ensuring that all of regulatory obligations are met.
- The ideal candidate shall have at least 10 years of experience either in business, international affairs or law in a leading (preferred) corporate function, not necessarily a C-level position.
- The position requires a strong business acumen and related skill set such as business development and financial management but also strong leadership and people development skills.
- Communication and representation are other crucial areas of importance.
- Fluent English is an absolute must, the knowledge of a second European language and Korean is a plus.
The financial numeration will be market adequate and the desired starting date would be August 1, 2023.
How to Apply
Applications (cover letter and resume) must be submitted in English on or before 23:55 on May 31, 2023 (Seoul local time) to email@example.com.
Jazz Train trip the musical adventure to Selenge Province
GET ON BOARD!
- Travel along the Trans- Mongolian railway line to Selenge Province!
- Two nights of outstanding on-board entertainment and a full day of guided tours with visit to local museum and theater!
- On-board the train restaurant
Spaces are limited.
Cost includes: train ticket, all meals, on-board entertainment, guided tour, entry to the Museum and theater.
First class – MNT 820,000
Economy class – MNT 590,000
Register before 20 May at 99137075 or cancercouncilmongolia@ gmail.com
Bank account: Khan bank 5003893517 (Хавдрын үндэсний зөвлөл) National Cancer Council
Departure: 26 May, 20:30
Arrival: 28 May, 06:16
|President of France Emmanuel Macron to Visit Mongolia
President of the French Republic Emmanuel Macron will pay a state visit to Mongolia at the invitation of President of Mongolia Ukhnaagiin Khurelsukh on May 21-22. It will be a historic visit as it is the first visit at the level of the Head of State from France.
In the course of the visit, Mongolian President U. Khurelsukh and French President Emmanuel Macron will hold official talks and discuss advancing the relations and expanding cooperation between the two countries, with particular emphasis on increasing investment.
Issues on expanding the relations in fields such as green energy, road transport, health, agriculture, culture, education, and humanitarianism, and implementing mutually beneficial joint projects are expected to be topics of the talks.
Moreover, the Heads of State of the two countries will discuss cooperation within the framework of the National Campaigns, namely “Food Revolution”, “One Billion Trees” and “President’s Scholar-2100” and brief the press on the outcomes of the Visit.
|TOP 100 Enterprises of 2022
The Government of Mongolia and the Mongolian National Chamber of Commerce and Industry have jointly identified the TOP 100 Enterprises of 2022. The ceremony of honoring the Best Enterprises has been held on May 18, 2023 at the State Palace. The following companies are leading the TOP 100 Enterprises of 2022:
- Oyu Tolgoi LLC
- Khan Bank
- Energy Resources LLC
- Golomt Bank
- NIC LLC
- Trade Development Bank
- APU JSC
- Shunkhlai LLC
- Mobicom Corporation LLC
- Mongolian Gold MAK LLC
- Central Express CVS JSC
- Mo En Co LLC
- Khas Bank
- Unitel LLC
- COAL LLC
- MCS Coca Cola LLC
- Bodi-International LLC
- Sodmongol Group LLC
- Boldtumur Yuroo Gol LLC
- Shunkhlai Trading LLC
- Gobi JSC
When selecting the "TOP 100 Enterprises," five basic parameters are prioritized, namely the annual income of the enterprise, the amount of taxes paid to the state budget, the number of employees who paid social insurance, profit, and total assets. It is also based on the statistical information of relevant ministries and government organizations.
EuroChamber congratulates its members Khan Bank, Golomt Bank, Trade Development Bank, Bodi International LLC, Thiess Mongolia, MSM Group LLC, Transwest LLC and Capitron Bank for being selected ones of the TOP 100 Enterprises of 2022.
|"Erdenes Tavantolgoi" JSC sales 10 billion tonnes of coal
As of May 15, 2023, "Erdenes Tavantolgoi"JSC sold 10 million tonnes of coal, and the sales revenue exceeded US$1 billion.
Prior to the imposement of a special regime in "Erdenes Tavantolgoi" JSC, in May 2022, it sold 574 thousand tons of coal, while as of May 15, 2023, it sold 10 million tons of coal, and the sales revenue reached US$1 billion. This is a 17-fold increase in sales volume and 14-fold increase in sales revenue compared to the same period last year.
The company sold 11.5 million tons of coal in 2022 and 30 million tons in 2023, aiming to increase Mongolia's foreign exchange reserves and provide significant support to economic growth.
|Consultative Meeting between the Foreign Ministries of Mongolia and Belgium to be Held Next Year
Minister of Foreign Affairs B. Battsetseg met Minister of Foreign Affairs of the Kingdom of Belgium Hadja Lahbib on May 15 in the capital of Slovenia, Ljubljana, and exchanged views on bilateral relations and cooperation.
Noting the fact that the traditionally friendly relations between the two countries have been developing based on shared democratic values, Minister B. Battsetseg proposed cooperating in further intensifying the relations in tourism and strengthening people-to-people ties. In addition, the Minister extended appreciation for the decision that allowed Mongolian citizens, who are residing and working in Belgium, to replace their driver’s licenses with Belgian driving licenses.
For her side, Minister of Foreign Affairs of the Kingdom of Belgium Hadja Lahbib expressed her intention to deepen the relations and cooperation in the energy and health sector and affirmed their plan to organize the Consultative Meeting between the Foreign Ministries, which is an important mechanism of dialogue and negotiation, within the first half of the next year.
|The draft amendments to the Constitution approved for the second discussion
On 18 May, 2023, the Standing Committee on State Structure of the State Great Khural held the second discussion of the draft amendments to the Constitution of Mongolia.
Two-thirds of the MPs who participated in the meeting of the standing committee supported the inclusion of the draft amendment to the Constitution of Mongolia in the agenda of the Plenary Session of the State Great Khural.
As stated in the relevant laws, members of the Parliament presented the draft amendments to the Constitution for feedback and collected suggestions offered by citizens in writing and electronically, while they were working with their constituencies.
According to the citizens' feedback, they supported an idea of having a mixed electoral system combining methods of majoritarian and proportional representation. However, most of them believed that the number of members should be reduced from the number included in the draft.
Reflecting the citizens' feedback in the draft amendments to the Constitution, it is now proposed that the State Great Khural shall remain as a unicameral legislature with 126 seats, while 76 of them will be elected by majority votes and 50 will be elected by proportional representation system.
Moreover, two-thirds or 80 percent of the members who participated in the meeting of the Standing Committee on State Structure supported the aforementioned proposal.
At the same meeting, the draft resolution of the State Great Khural on "Setting the time frame for the preparation of the draft amendments to the Constitution of Mongolia for the third discussion" was discussed.
In the draft resolution, the preparation of the draft amendment to the Constitution of Mongolia for the third discussion will take place from May 22-30, 2023, and the task of preparation for the third discussion of the draft will be assigned to the Working Group established by Resolution No. 37 of 2023 and the Secretariat of the Parliament.
It was decided by the the majority of the members present at the meeting that the draft resolution should be discussed and approved at plenary session.
|Foreign Minister Meets Her Slovenian Counterpart
On May 15, Minister of Foreign Affairs B. Battsetseg held official talks with Minister of Foreign Affairs of the Republic of Slovenia and exchanged in-depth views on the relations and cooperation between the two countries and other regional and international issues.
The parties expressed their delight that the relations between Mongolia and Slovenia have expanded rapidly in recent years and that the mechanism of Political Consultation between the Ministries of Foreign Affairs has been established. The parties further agreed to strengthen the achievements and successes of the past 30 years of the relations and cooperation between the two countries, establishing an "Air Relations Agreement" between the Governments, regularizing "Business Meetings" between the private sectors, and extending the cooperation to other domains such as forest management, artificial intelligence, and information technology.
Moreover, the two Ministers talked about the “Women Foreign Ministers' Meeting”, which will be held in Mongolia in June in Ulaanbaatar, covering issues on human rights, women participation in politics and women in diplomacy.
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