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EuroChamber newsletter
3 November 2023
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Member Insight: EuroChamber's Interview
Interview with Sh. Bayarmaa, Director at Saran Ekh LLC
Interview with Sh. Bayarmaa, Director at Saran Ekh LLC
What is your company’s most significant accomplishment in the past year? What is your company’s priority for this year?

Last year, after successfully overcoming the difficult period of COVID-19, we were able to quickly recover the economy that had fallen into recession. Now we are working with the goal of increasing our distribution by enlarging the store area established in Hohhot, Inner Mongolia, China.

We, as a professional team, equipped with the most modern technology and the latest innovations, collaborates to deliver exceptional results. With two decades of experience in the industry, our journey began in 2004 when I committed all our savings to acquire the necessary equipment for our manufacturing facility.

Under the Saran Cashmere brand, we dedicate ourselves to crafting high-quality products. Our unique offering attracted clients with specific requirements, particularly those seeking goods in small quantities that matched our initial capacity.

Since then, Saran Ekh has undergone a remarkable transformation. We have expanded our production capacity, broadened our product range to encompass not only cashmere but also sheep, yak wool, and textile products. Today, we are proud to employ a team of 50 skilled workers, furthering our commitment to excellence and quality.

Please describe yourself in 5 words.

Honest, hardworking, responsible and disciplined, highly organised.

Please tell us what kind of book/ movie/ drama or any other arts that made the deepest impression on you recently.

For me, the performance of composer Sharav's "Sersen tal" in France was truly enjoyable and memorable.

What has been the most significant benefit of being a member of EuroChamber Mongolia?

EuroChamber serves as a bridge, allowing us to introduce what we've created into the European market.
EuroChamber's update
Invitation to EuroChamber’s Sustainability and Energy Working Group Meeting
Invitation to EuroChamber’s Sustainability and Energy Working Group Meeting
EuroChamber "Sustainability and Energy" working group is proud to present our next speaker at "ESG & Energy Leader" series!
Date: Tuesday, November 07, 2023
Time: 16:00-18:00
Location: 601, 6th floor, Park Place
Language: English
For members: Complimentary
For non-members: MNT 50,000
AGENDA
  • Registration & Networking
  • Moderator:
  • Introduction by Batzul Gerelsaikhan, Board Member at EuroChamber Mongolia, Chair of Sustainability and Energy WG, and Head of Properties Department at Erel LLC
  • Main Speaker:
  • "True Cost of Energy and Heat Batteries" presentation by Tserendorj Natsagdorj, Trader at Trafigura Mongolia, Co-Founder of Nomadic Powerbox LLC, Vice Chair of Sustainability and Energy WG
  • Guest Presentation:
  • SWITCH Asia - Grant to promote Sustainable Consumption and Production (TBC)
  • Q&A
  • Closing remarks
  • Networking

OUR SPEAKER

Tserendorj is a trader for Trafigura covering the Mongolia market in diesel, gasoline, non-ferrous metals, biofuel, carbon trading and power generation for the past 7 years, having started in the Singapore office. He is a co-founder of Nomadic PowerBox, a startup focused on manufacturing mobile renewable energy power plants using a hybrid solar, wind & battery system. He started his career with Tenger Financial Group (holding co. of XacBank) in 2012 as an investment analyst before moving on to the gold mining sector with Draper Capital in Mongolia. Tserendorj holds a BS in Finance and a minor in Economics from George Mason University, VA, USA.

OUR CHAIR

As the Chair of the "Sustainability & Energy" Working Group at EuroChamber, Ms. Batzul Gerelsaikhan will host number of trainings and events in relations to ESG, Sustainability and Energy.

JOIN US

EuroChamber Mongolia became a platform and focal point of business networking, knowledge sharing and market visibility for Mongolia-European related companies.

We facilitate opportunities for our members to promote their business interest in Europe and also conduct policy dialogue with the Mongolian Government to foster commerce and communication between Mongolia and European countries.


The map of Park Place is here.

Registration is available here.
 
Opportunities
Contract Law Training
Contract Law Training
Our partner DMUV would like invite you to the Contract Law Training hosted by GRATA International Mongolia law firm in cooperation with the Business Council of Mongolia (BCM) and the German-Mongolian Business Association (DMUV).

What you’ll gain from training:
  • Understanding the fundamentals of contract formation, interpretation, and enforcement
  • Practical skills for negotiating and drafting contracts
  • Networking opportunities with other attendees
Date: Wednesday, November 08, 2023, 16:00 – 18:00 p.m.
  • Location: Topaz Hall, 3rd floor, Blue Sky Tower, 1st khoroo, Sukhbaatar District
  • Non-members: MNT 150,000
  • Members of DMUV and BCM: Free
  • Language: Mongolian
  • Who should attend: Business owners, Contract Managers, and anyone involved in contract negotiations.
Seats are limited, so secure your spot now.

For registration and more details, please send an email to eganbaatar@gratanet.com or call us at +976 7015 5031.

(Coffee and light refreshments will be provided for all attendees).
Dual Education with MNCCI and GIZ
Dual Education with MNCCI and GIZ
Our partner DMUV extends an invitation to come to the discussion about the Role of the Chamber in the Dual Educational System of Germany.

Main speaker: Stefan Krug, Head of the Department of Vocational Education and Training of the Chamber of Crafts of Dresden District, Saxony Germany.

Date: 9th November 14:00-16:30 pm
Where: Mongolian Chamber for Commerce and Industry 5th floor, conference room
Language: Mongolian
Entry: Free

Please register here.
Mongolia Transport Week 2023
Mongolia Transport Week 2023
The "Mongolia Transport Week 2023" international conference, themed "Strengthening regional transport and logistics connectivity" is is scheduled to take place from November 6th to 10th, 2023, at Shangri-La Hotel, Ulaanbaatar, Mongolia.

The Ministry of Road and Transport Development extends an invitation to your participation in the Mongolia Transport Week 2023 event. The conference's primary objective is to expedite the development of the Mongolian transport and logistics sector while fostering enhanced regional transport and logistics connectivity in Asia.

To register, please scan the QR code provided below.
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Mongolia update
President of Mongolia U.Khurelsukh visits Vietnam
President of Mongolia U.Khurelsukh visits Vietnam
At the invitation of President of the Socialist Republic of Vietnam Vo Van Thuong, President of Mongolia Khurelsukh Ukhnaa is paying a State Visit to the Socialist Republic of Vietnam on November 1-5, 2023.

Following official talks, Mongolian President Khurelsukh Ukhnaa and Vietnamese President Vo Van Thuong briefed the media on the outcome of the discussions.

In his speech, President Khurelsukh Ukhnaa expressed heartfelt gratitude to Vietnamese President Vo Van Thuong and the Vietnamese people for their warm welcome extended to the Mongolian delegation on the occasion of the 70th anniversary of diplomatic relations between Mongolia and Vietnam, a historical and friendly relationship.

President Khurelsukh continued, "Relations between Mongolia and Vietnam began in the 13th century with military and political ties and were reinvigorated in the first half of the 20th century when both countries restored national independence, laying the foundation for modern relations."

"As an outcome of the official talks, the two countries successfully created favorable conditions for expanding food, agriculture, trade, and economic cooperation, supporting the tourism industry through policy, and increasing citizen exchanges," President Khurelsukh emphasized.

The President of Mongolia noted that the Mongolian-Vietnamese Business Forum will be co-organized as part of the State Visit and that policy support for cooperation between entrepreneurs from both countries is essential for expanding mutually beneficial cooperation in trade, investment, and economy.

President Khurelsukh emphasized the high significance, effectiveness, and friendliness of the official talks between the two Presidents.

Vietnamese President Vo Van Thuong opened his speech by noting that the official talks with Mongolian President Khurelsukh Ukhnaa were open, sincere, friendly, and welcoming and that the two Heads of State discussed a wide range of issues, including bilateral relations, regional and international relations of mutual interest, and reached common understandings.

President Vo Van Thuong highlighted that the two countries agreed to cooperate closely to ensure the effective and practical implementation of the measures to be taken during the celebration of the 70th anniversary of diplomatic relations between the two countries next year.

Vietnamese President Vo Van Thuong thanked Mongolian President Khurelsukh for the cordial invitation to pay a State Visit to Mongolia in 2024 as part of the celebration of the 70th anniversary of diplomatic relations between Mongolia and Vietnam.

Source: montsame.mn
This year, 600 thousand tourists visited Mongolia and brought in MNT 3.4 trillion
This year, 600 thousand tourists visited Mongolia and brought in MNT 3.4 trillion
As part of the "Year to visit Mongolia", the country has already welcomed 600,000 tourists since January 1, generating MNT 3.4 trillion in revenue for the tourism industry, according to Minister of Environment and Tourism B.Bat-Erdene. To further enhance the winter tourism sector, 111 enterprises are actively participating to receive winter tourists, and MNT 55 billion in concessional loans will be allocated to boost infrastructure and investment. Additionally, the 2024 state budget includes MNT 3.1 billion in subsidies.

In support of "Winter tourism," the government has decided to extend the operating hours of ports in Borshoo, Khankh, and Tsagaan Nuur. Next week's government meeting will approve the detailed work plan and the necessary budget for this initiative.

Source: gogo.mn
Mongolian Women Parliamentarians Meet with Representatives of the European Parliament
Mongolian Women Parliamentarians Meet with Representatives of the European Parliament
On October 31, 2023, Deputy Speaker of the State Great Khural of Mongolia Odontuya Saldan, Member of Parliament and Chair of the Parliamentary Group of the State Great Khural for relations with the European Union Munkhtsetseg Tserenjamts and Member of Parliament Adiyasuren Amgalan met with the representatives of the European Parliament.

At the outset of the Meeting, Deputy Speaker Odontuya expressed her satisfaction with the successful organization of the 16th Consultative Meeting of the European Parliament and the State Great Khural of Mongolia. Deputy Speaker Odontuya stressed that the female parliamentarians in the State Great Khural will actively work to strengthen friendly relations between the two legislative bodies in the international arena, founded on the core values of democracy, human rights, and the rule of law.

Tomáš Zdechovský, the Member of the European Parliament and Chair of the European Parliament's Delegation for Cooperation with Central Asia and Mongolia (DCAS) thanked Mongolia for setting a positive example in the region by striving to achieve the goal of a gender-sensitive parliament that respects human rights. He pledged to work to increase the number of women in the parliament and support their resources in every possible way.

At the Meeting, Member of Parliament Munkhtsetseg emphasized that Mongolia is paying attention to improving its legal environment based on the recommendations and observations of international organizations to promote women's participation and gender equality at the decision-making level. She stated that the review of the Law on Political Parties is an important step towards increasing the proportion of women parliamentarians and improving their participation and leadership at all levels.

The Chair of DCAS Tomáš Zdechovský noted that women outnumber men in the European Parliament, and as a result, two-thirds of leadership and management positions are held by women. Adiyasuren, a member of the State Great Khural, emphasized the importance of implementing a comprehensive solution to improve the education of voters who endorse socially traditional values, establish equal pay for equal work, and support women at all levels.

Tomáš Zdechovský commended Mongolian youth for their knowledge and attitude and expressed his willingness to provide comprehensive support to strengthen representative democracy and promote equal participation.

Source: montsame.mn
A working group formed to study the potential increase of VAT refund rate from 2% to 5%
A working group formed to study the potential increase of VAT refund rate from 2% to 5%
At a meeting of the Standing Budget Committee of the Parliament, a public petition, supported by over 100,000 citizens, advocating for an increase in the value-added tax refund from 2% to 5%, was addressed.

In response, a seven-member working group has been formed to thoroughly study this proposal. The members of the working group include G. Temuulen, G. Amartuvshin, J. Batjargal, J. Batsuuri, B. Javkhlan, Ts. Sandag-Ochir, and D. Unurbolor.

G. Temuulen, who heads the Standing Committee on the Budget of the Parliament, expressed the working group's commitment to focus on ensuring the proper implementation of this law. They will carry out the necessary calculations and present draft resolutions and decisions to the Parliament for deliberation.

Source: ikon.mn
Foreign Minister Battsetseg Meets Czech Minister of Labour and Social Affairs
Foreign Minister Battsetseg Meets Czech Minister of Labour and Social Affairs
On October 31, 2023, Minister of Foreign Affairs of Mongolia Battsetseg Batmunkh met with Deputy Prime Minister and Minister of Labor and Social Affairs of the Czech Republic Marian Jurečka, who is on an Official Visit to Mongolia on October 31 – November 4, 2023.

In May 2023, the Foreign Minister of Mongolia Battsetseg paid an Official Visit to the Czech Republic and met with Deputy Prime Minister Marian Jurecka in Prague, the capital city of Czechia. The two Ministers noted that the agreements reached during the Visit are being implemented and are producing concrete results.

Recognizing the growing cooperation between the two countries in education and social protection, the two Ministers emphasized that starting in the 2023-2024 academic year, 30-60 Mongolian students will have the opportunity to study at leading Czech universities under the President's Scholar-2100 scholarship program. The two sides also affirmed that the Intergovernmental Agreement on Social Security has been successfully implemented.

At the Meeting, the two sides discussed ways to enrich the traditional friendly cooperation between Mongolia and the Czech Republic with trade and economic content, increase investment, jointly implement large-scale development projects, and further strengthen people-to-people ties. The Ministers emphasized the importance of the Meeting of the Intergovernmental Commission of the two countries in advancing the cooperation.

During his Visit, the Deputy Prime Minister and Minister of Labor and Social Affairs of the Czech Republic participated in the 8th Meeting of the Mongolia-Czechia Intergovernmental Commission on Economic Cooperation and Mongolian-Czech Business Forum.

Source: montsame.mn
Foreigners have started using the E-Mongolia system
Foreigners have started using the E-Mongolia system
Foreign citizens and tourists visiting or residing in Mongolia for official or personal reasons can now access E-Mongolia using an F-Register. The F-Register is a unique registration number that incorporates the country code, date of birth, and gender of foreign individuals living or traveling Mongolia.

Foreign individuals can conveniently access the application and renewal process for all types of visas through the the "Foreign" window in E-Mongolia platform which is directly linked to immigration.gov.mn.

To obtain a foreign registration number (F register), you can follow these steps:

  • When foreign citizens enter the border of Mongolia, their 13-digit F registration number will be issued within 24 hours.
  • Alternatively, foreign citizens can send their passport photo to support@immigration.gov.mn, and they will provide with the F registration number in a short time.
  • Foreign citizens can also use the E-Mongolia which is the integrated system of public services. By providing accurate information, foreign citizens can receive their 13-digit F registration number immediately.

Source: mddc.gov.mn
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