Membership Update
We are thrilled to announce Unexpected Italian S.r.l. as a SME member of EuroChamber Mongolia. |
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Unexpected Italian S.r.l. (LLC) is a trusted partner in the internationalization of Italian wine products. Specializing in market analysis and research, with a focus on Asia's six clusters, Unexpected Italian develops strategic commercial relationships and fosters partnerships that benefit both Italian wine companies and local businesses, including importers, distributors, and key clients in both the off-trade and on-trade segments.
As a proud ambassador of "Made in Italy," the company showcases the biodiversity, uniqueness, and exceptional quality of Italy's agro-food heritage. This time Unexpected Italian hosts their branded global event UNIT WINE TOUR in Mongolia in cooperation with EuroChamber Mongolia. |
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The Business Forum includes Slovenian companies like Krka and Medex, as well as those seeking expansion such as Duol, Adventure Travel, Emr Svet, Impact Hero GMBH, Tajfun Planina, and Enetra. Discussions focus on cooperation in pharmaceuticals, smart agriculture, nutrition, digitalization, and artificial intelligence.
The keynote speech was delivered by H.E. Nataša Pirc Musar, the President of the Republic of Slovenia. The President has noted that now it's time for our two countries to advance our mutual cooperation. Slovenia, a country with 2.1 million population, is one of the richest countries in Europe with its GDP (PPP) per capita amounting to over $53,000 and is aiming to reach $60,000 in the nearest future. It is ranked fourth in the world in terms of the size of the middle class.
President Pirc Musar also highlighted Slovenia's openness to strengthening ties, noting its commitment to sustainability and innovation. She also pointed out that both Slovenia and Mongolia have notable female judokas and expressed optimism about the potential for tourism collaboration, given Mongolia's designation as the tourist destination of 2024.
The visit concluded with the signing of a Memorandum of Understanding on tourism and agreements on economic cooperation and sustainable forestry by the Slovenian and Mongolian chambers of commerce. The President wished all attendees success in their future business endeavors, hoping this visit will foster deeper collaboration between Slovenia and Mongolia.
The business mission is led by Ms. Marjana Majerič, Executive Director of the Chamber of Commerce and Industry of Slovenia.
Source: predsednica-slo.si |
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In a recent government meeting, the joint government agreement was presented, outlining the specific goals of the Mongolian People's Party, the Democratic Party, and the People's Party. The agreement incorporates common goals such as social policy reform, regional development, anti-corruption measures, and advancements in justice and e-governance.
The Mongolian People's Party's agenda includes major projects and governance reforms. The Democratic Party's focus on protecting private property rights and improving the business investment environment is also addressed. The HUN(National labor Party)'s objectives involve liberalizing the energy sector and reforming education.
The agreement highlights priorities like infrastructure, energy, mega projects, congestion, air pollution, and regional development. It also emphasizes policies tailored to family needs, national resilience, and international context. Additionally, the agreement addresses employment, poverty reduction, climate change, governance, and urban planning.
Overall, the agreement integrates each party's platform to retain voter support and address key national issues.
Source: ikon.mn |
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This year, our country is set to spend a record-breaking 27.4 trillion MNT from the state budget. However, in order to fulfill the agenda of the coalition government, the Prime Minister has decided to revise the budget.
Currently, there are 39 ministers and state officials with the authority to manage taxpayer money through the state budget. This group includes 23 government ministers and the heads of 16 major state organizations, such as the President's Office and the Parliament.
The ministries led by six of the current government ministers do not generate revenue for the state budget. These ministries are primarily responsible for implementing activities and projects that rely entirely on state budget funds, meaning they only spend money without generating any income. Despite this, these six ministries, which do not generate revenue, are set to receive an additional 255 billion MNT on top of their existing budget allocations. As a result, after this amendment, they will collectively spend 1.6 trillion MNT from the budget—without contributing a single penny of income.
The coalition government ministers are expected to receive an additional 1.9 trillion MNT from the state budget. The total expenditure managed by the coalition government, under the banner "Courage for Fast Development," has now reached 22.5 trillion MNT, an increase of two trillion MNT from the previous budget.
Source: ikon.mn |
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The World Women’s Forum commenced on August 22, 2024 at the State House, gathering heads of government, deputy leaders of legislative bodies, ministers, and women leaders from over 20 sectors. The forum, themed "Towards a Greener Future" will continue in Ulaanbaatar until August 23. The "Ulaanbaatar Declaration for a Sustainable Future" is expected to be adopted based on the conference outcomes.
Key Points from Khurelsukh Ukhnaa, President of Mongolia’s Speech: - The conference is Asia's most comprehensive since the 1995 Beijing Women’s Conference, with the "Ulaanbaatar Declaration for a Sustainable Future" aiming to empower girls and women.
- Despite higher female participation in education in Mongolia, there is a need to strengthen women’s economic, social, and political leadership.
- Mongolia leads Asia in gender equality, being the first to recognize women’s political rights and secure voting rights. Currently, 25% of its Parliament members are women.
- Achieving global gender equality could boost the global economy by 23%.
- Mongolia faces severe climate change impacts, with a 2.25% temperature rise in 80 years, double the global average, affecting traditional livelihoods and culture.
- Initiatives like "Billion Trees" and "Food Supply and Security" are part of Mongolia’s sustainable development efforts.
- Climate change has doubled natural disasters in 20 years, affecting 8% of the population and causing losses of 0.6% of GDP annually.
- Without action, climate change could push 160 million women into poverty and 240 million into food insecurity by 2050. Improving girls' education and skills is vital in combating these challenges.
Source: mongolia.gogo.mn |
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The recent World Women’s Forum in Mongolia has provided a dynamic platform for global leaders to address crucial issues surrounding women's rights and gender equality. As highlighted by the participants:
Maria Fernanda Espinosa Garcés, President of the UN General Assembly, emphasized the significance of increasing women’s representation at all levels of decision-making, including high-level positions within the UN. Her remarks underscored the essential role of women in climate action and economic empowerment, while also calling for greater female leadership within the United Nations.
Rositsa Lyubenova Kirova, Deputy Speaker of the Parliament of Bulgaria, spoke about the forum’s potential impact on advancing green energy and environmental stewardship. Her reflections on the power of women’s unity and the importance of collaboration between genders for societal progress resonated strongly. Kirova’s observations on Mongolia's deep connection to nature further highlighted the valuable lessons this country offers.
June Kunugi, UNICEF Regional Director for East Asia and the Pacific, praised Mongolia’s achievements in women's suffrage and representation, noting the progress made within the country's Parliament. She emphasized the importance of supporting women and children as a means to build stable and productive societies, while also reaffirming the commitment to collaborative efforts for their rights.
Elyse Mosquini, Chief of Staff to the President of the International Committee of the Red Cross, expressed gratitude for Mongolia’s hospitality and the opportunity to learn from its traditions. Her remarks focused on the inspiration drawn from Mongolia's approach to gender equality and environmental sustainability, highlighting the role of strong female leaders like Foreign Minister Battsetseg Batmunkh as role models for the global community.
Stephanie Campbell, Australian Ambassador for Gender Equality, shared her enthusiasm for Mongolia's beauty and the valuable experiences gained during her visit. She reaffirmed the conference’s role in uniting global efforts towards gender equality and leveraging the contributions of all individuals in addressing global challenges such as climate change and conflict.
Overall, the forum has been a powerful reminder of the progress made and the ongoing challenges in achieving gender equality. The collective insights and commitments shared by these distinguished participants pave the way for continued action and collaboration toward a more equitable and sustainable future.
Source: montsame.mn |
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Mail to communications@eurochamber.mnfor inquiry. |
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