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|“Financial Planning & Analysis for Entrepreneurs” on March 6|
“Financial Planning & Analysis for Entrepreneurs” workshop was organised on March 6, 2023.
This workshop is highly recommended by the participants. One of the participants said that it was a very useful for business owners and top-managers, as it gives an insight of financial health of any organisation and helps prioritising the most important things, i.e., the cash is the king as Mr. Malcolm Wade said.
It is requested by our members, EuroChamber will be happy to organise such a workshop in partnership with Mongoljin Strategy Consulting.
We thank our member Mongoljin Strategy Consulting, trainers Mr. Malcolm Wade and Mr. Toby Philpott for delivering the training and Bodi International for hosting it.
|Ladies Night by the BritCham|
The BritCham, our partner chamber, invites you to the Steppe Inne Club for the celebration International Women’s Day on March 10, 2023.
Ladies can come along and enjoy a complimentary glass of bubbly plus the chance to win a bottle of the real stuff in a raffle (ladies only).
|INVEST IN MONGOLIA WEBINAR: KHAN BANK|
EuroChamber is pleased to share that our Premium member Khan Bank will be hosting a webinar on investing in Mongolia, with a special guest speaker: B. Erdenedelger, the Deputy CEO of Khan Bank.
This webinar will be conducted in English and is designed for outside investors who are keen on investing in Mongolia. Only confirmed participants will receive an email invitation to attend the event.
NY time: 09:00 Thursday, March 23, 2023 (EST)
UB time: 21:00 Thursday, March 23, 2023
Registration is available here.
Working Group meetings
14 March. International Trade Working Group meeting
15 March. Wines and Spirits Working Group meeting
27 March. Banking and Finance Working Group meeting
|Direct flights between Mongolia and Qatar are now possible|
It is now possible to quickly transport passengers and cargo from Ulaanbaatar to the Middle East, North Africa, and Gulf countries, as Mongolia and Qatar signed an Air Transport Agreement for direct flights.
With the conclusion of this agreement, there will be a great opportunity for the development of tourism, business, trade and economic relations between the two countries. In particular, Mongolia will be able to exports its fresh organic meat and cedar nuts, while those living in Arab countries where the temperature ranges from 50°C to 60°C will have the opportunity to cool off summer.
Moreover, Mongolians will be served by Qatar Airways, one of the world’s leading airlines.
Qatar is the 40th country that Mongolia has signed an air communication to operate direct flights.
Source: gogo.mn and news.mn
|In the first quarter of 2023, Mongolia imported 967,870 fresh flowers worth US$634,000.|
In accordance with the imports data of fresh flowers provided by the General Authority of Customs, Mongolia imported 967,870 roses worth US$ 634 thousand in Q1 of 2023. The country imported mostly from the following countries:
- 899,689 pieces of flowers from China
- 67,833 pieces of flowers from the Netherlands
- 348 pieces of flowers from South Korea.
In 2022, Mongolia imported flowers worth of US$ 3.2 million, while in 2021, flowers worth of US$ 1.6 million were imported.
Source: ikon.mn and customs.gov.mn
|Stolen public funds returned to Mongolia will be used for organ transplants and cancer treatment|
At the Cabinet meeting on March 7, it was decided to spend the stolen public funds returned to the country to protect the health of mothers and children, reduce the incidence of cancer, purchase equipment needed for organ transplants, and provide medical facilities.
The Government was instructed to submit a draft law including the aforementioned provisions to the Parliament of Mongolia to create a legal framework.
|Mongolia ranks at 77th on Electoral Democracy|
Mongolia has been ranked at the 77th globally by V-Dem Institute in its Electoral Democracy Report for 2023.
As reported by V-Dem Institute, in the most populous region, Asia and the Pacific, almost nine out of ten individuals – or 89% – reside in autocracies and are denied some or all democratic rights and freedoms. This includes closed autocracies such as China and electoral autocracies like India.
Only 11% live in liberal democracies like Japan and South Korea, or electoral democracies such as Indonesia, Mongolia, and Nepal.
Source: news.mn and v-dem.net
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