| EuroChamber participated in the EU-funded Science-based Development Partnership Forum as a moderator and analyst |
| EuroChamber's CEO Zandan Bilegt participated as a moderator and analyst in the EU-funded Science-based Development Partnership Forum in Darkhan on 30 May, facilitating discussions on investment in science and innovation for regional development.
Participants included state, private sector and academia representatives from the EU countries and Mongolia. The Forum participants discussed about developing Darkhan as a science and innovation hub by establishing Darkhan Science and Innovation Park and learning from experiences of the EU countries. |
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Sustainability & Energy Working Group meeting
Our objective is to unite representatives from EuroChamber member organizations who share a common interest in promoting and advancing the sustainability (ESG) and renewable energy initiatives across all sectors in Mongolia.
Guest speaker: Rufat Alimardanov, Country Representative of IFC Speach: Are Winds Changing for Renewable Energy in Mongolia? |
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Banking & Finance Working Group meeting
The Working Group comprises of banks, non-financial banking institutions and insurance companies. The Banking and Finance Working Group is co-chaired by Mrs. Enkhzaya Bayarsaikhan, Director of International Banking Division, Golomt Bank and Mr. Uuganbayar Terbish, Vice President of Wholesale Banking, Khan Bank.
Guest speaker: Batbayar Purevjargal, ADB Consultant Speach: ADB in Mongolia, Financial sector |
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| Upcoming events next week |
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EuroChamber is pleased to invite you to its Health Working Group to discuss the working group's plan for the remainder of the year and identifying potential topics for further discussion.
We look forward to your participation in this empowering and insightful event. |
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EuroChamber established its' Health Working Group, dedicated to elevating health standards in Mongolia by fostering the exchange of knowledge and best practices within the health sector.
Key focus areas of the Health Working Group include: - Facilitating the exchange of knowledge and best practices among healthcare professionals.
- Collaborating with stakeholders to enhance the overall quality of healthcare services.
This initiative reflects EuroChamber's commitment to promoting high standards in the health sector, ensuring that communities benefit from the latest advances and practices in healthcare. |
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EuroChamber Mongolia's one of the annual events "Trade and Investment Opportunities in Mongolia." is soon happening.
This event serves as a platform to unveil our latest Trade and Investment Climate Statement, an essential document that highlights both the business opportunities and challenges in Mongolia, and conveys the collective messages and insights of our members to the government.
This year, we are excited to also showcase business opportunities in Northern Ireland, providing a unique perspective on potential collaborations and investments. Join us to gain valuable insights, network with business leaders, and explore new avenues for growth and partnership.
We look forward to your participation in this significant event.
Please make sure to secure your spot early. |
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Immerse yourself in the smooth sounds of live jazz music while sipping on a selection of exquisite French wines. We are happy to organise this years’ Wine & Spirit in celebration of World music Day. Indulge in delicious hors d'oeuvres and cheese and mingle with fellow wine and jazz enthusiasts as we celebrate the art of French culture.
As seats are limited, please make sure to secure your spot at this exclusive event. We look forward to raising a glass with you at our Wine & Jazz evening. |
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In the context of international economic relations, transportation and logistics play a crucial role in unlocking the economic potential of countries. The geopolitical situation of a democratically governed Mongolia between its neighbors Russia and China without access to the sea presents unique challenges and opportunities in the areas of transport and logistics. What specific challenges exist between Mongolia and the EU and what solutions are available? What role do the sanctions play in the movement of goods between Mongolia and Germany? What opportunities arise from the expansion of transport links between the two regions?
As last year's event of the same name met with great interest and questions on transport and logistics issues in Mongolia were repeatedly asked afterwards, we would like to cordially invite you to Transport & Logistics Mongolia 2, with new speakers and insights. The event is organized by DMUV and OAV.
Date: June 12, 2024 09:00 - 10:00 a.m. Online, Zoom
Agenda: - Welcome
- Development / capacity expansion of the connection to Europe: Mr. Bolor Erdene B., Ministry of Transport and Road Construction
- Sustainable transport by rail and the impact of sanctions on this transport solution: Mr. Gleb Shilov, DB Cargo
- Offers of the IHKs on sanctions - example of the IHK Karlsruhe: Ms. Susanne Kant, IHK Karlsruhe
- Discussion round
Language: Simultaneous translation German-Mongolian
Participation in the event is free of charge. Please register for the webinar here. |
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“Mongolia and Lithuania have possibilities to cooperate in many sectors on a wide scale. Lithuania is open to jointly seek opportunities for cooperation,” highlighted Ambassador of the Republic of Lithuania to Mongolia, Ričardas Šlepavičius during a meeting with Mongolian business representatives.
The Ambassador elaborated on Lithuania's economic landscape and business opportunities, exploring avenues for bilateral cooperation between the two countries.
Notably, Lithuania supplies petroleum and chemical products to Mongolia, while Mongolia exports wool and woolen goods to Lithuania. Moreover, Lithuania serves as an important gateway for Mongolia to access European Union markets.
Lithuania pays great attention to foreign direct investment, with 20 percent of investment projects coming from the United States of America and 13 percent from the United Kingdom. Over the past 10 years, in addition to manufacturing, the IT sector has attracted substantial investment, the Ambassador highlighted. Therefore, the country has started implementing policies focused on the "Smart Sector" such as IT and ICT. Source: montsame.mn |
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Khuvsgul aimag of Mongolia is leading in Mongolia with the number of products labeled as organic. Khuvgsul aimag has numerous local brands of preserved fish, fruit jams, and tea brands. The list of organic products is expanding with sea buckthorn and lingonberry jelly, meat jerky, ready-to-eat meal made from organ meats, garnish, bread with seeds and nuts, and ice cream made from yak milk. Yak milk ice cream is gaining popularity in the aimag. An elderly resident of Khatgal village, Khuvsgul aimag, O. Duujii operates a micro-business with his wife, making yak milk ice cream. He started his family business making bread and selling it to shops, schools, and kindergartens. Their organic ice cream now is sold beyond Khatgal village.
Mr. Duujii started his family business with a loan of MNT 15 million from an Asian Development Bank (ADB) project to improve livelihoods. Like him, 190 households in Khatgal village are operating small and micro businesses with loans amounting to MNT 605 million from the Integrated Livelihoods Improvement and Sustainable Tourism in Khuvsgul Lake National Park Project funded by the ADB and the Government of Japan.
Source: montsame.mn |
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| The Ministry of Foreign Affairs of Mongolia and the National Chamber of Commerce and Industry of Mongolia are jointly preparing to hold the “Mongolia-Belarus Business Forum” on June 3, 2024.
At the Business Forum, 32 Belarusian companies in the agriculture, food, machinery, and education sectors will introduce their products and services and hold business-to-business talks to expand cooperation with Mongolian enterprises.
Mongolia was one of the first countries to recognize Belarusian independence in 1991 and established diplomatic relations with the Republic of Belarus on January 24, 1992. The trade turnover between Mongolia and Belarus was USD 49,6 million in 2020.
Source: montsame.mn |
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On May 27, 2024, Ya.Sodbaatar, Chief of Staff of the Office of the President, submitted the Parliament draft resolution “Actions to support the processing of livestock raw materials” to G.Zandanshatar, the Speaker of the Parliament. And relevant information has been given.
Ya.Sodbaatar, Chief of Staff of the Office of the President: - The President of Mongolia initiated the national program "White Gold". As a starting point of this program, the draft resolution was developed. Within the framework of the draft resolution, MNT 1.5 trillion loans and MNT 682 billion will be disbursed from the State budget. It was mentioned in the draft resolution that MNT 2.2 trillion funds will be released over a period of three years.
Z.Mendsaikhan, the Minister of Food, Agriculture and Light Industry: - Within the framework of the "White Gold" program, we intend to double the processing capacity of cashmere and to process wool. However we have cloth and sock factories, we are importing all the threads. By supporting light industries, there will be an opportunity to expand the agricultural economy and increase the income of herders. The meaning of “White Gold” is that the raw materials and wealth created by herders should be like gold, which does not lose its value.
Mongolia has an annual average reserve of 49.8 thousand tons of wool and cashmere raw materials; 37,000 tons of sheep wool, 10,000 tons of goat cashmere, 2,000 tons of camel wool, and 400 tons of yak wool. 70% of wool and cashmere raw materials are exported only after washing.
In 2023, there were 64.6 million head of livestock in Mongolia. Due to the harsh winter and spring this year, 6.9 million livestock died; 0.003 million camels, 0.38 million horses, 0.6 million cattle, and 3.7 million sheep and 2.3 million goats, Based on this, the stock of sheep's wool will decrease to be 31.6 thousand tons and goat's cashmere to be 8.0 thousand tons.
As for the leather, there are an average of 18 million leather and leather raw material reserves per year, but less than 30% of it is processed and the rest cannot be processed. In particular in 2023, 3.3 million pieces of leather were semi-processed, 2.3 million pieces of leather were fully processed, a total of 5.5 million pieces were processed, and 12.5 million pieces of leather remained unprocessed.
In the leather industry, there are capacities of a total of 14.9 million pieces of semi-processed leather, 700,000 pieces of large cattle and 1.7 million pieces of small cattle fully-processed. There is a lack of capacity for fully-processing of leather.
Raw materials cannot be processed domestically and continue to lose potential income due to the weak capacity of domestic refineries, high interest rates and collateral requirements of commercial banks, high competition from foreign buyers in the raw material market, poor quality of raw materials, underdeveloped preparation system, and lack of legal framework. Therefore, it is necessary to use “White Gold”, raw materials of livestock, completely and turn them into value-added products. In relevance, the draft resolution “Actions to support the processing of livestock raw materials” of the Parliament has been developed with the purpose of solving the above-mentioned problems and supporting the production of value-added products, within the framework of the "White Gold" movement initiated by the President of Mongolia.
Source: mongolia.gogo.mn |
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June 1 is International Children's Rights Day.
On this day, citizens and organizations volunteer to make children happy, prepare gifts, and organize donation activities. Volunteering is certainly a good thing, but taking a picture of a child who has received a gift and posting it on social media is one of the violations of children's rights. Announcing the organization of any charity activity is a good example to others on the one hand, but on the other hand, it is important to carefully consider whether it’s violating others’ rights.
Nowadays, everyone has a smartphone and can take photos and videos whenever they want, but there should be limits on what can and cannot be posted. Because of posting children's pictures, there are many negative consequences, such as the child having difficulty going to school, meeting friends, and suffering from psychological issues. In addition, the citizen whose photo and video were published has the right to file a complaint with the court.
If you see a child who is lost, in need, or possibly abused, call the Children's Helpline number 108 or the police 102 and fulfil your obligation to report, instead of posting their photos and sharing personal information.
Source: mongolia.gogo.mn |
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Newsletter sponsorship is available now!
Mail to communications@eurochamber.mnfor inquiry. |
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