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EuroChamber update
Member announcement
Member announcement
Eurochamber Mongolia is pleased to welcome its new Corporate member Bat Solution Partners LLC.

Bat Solution Partners is a branding & marketing agency that is continuously operating in the field of marketing & brand strategy, communications strategy and product development since 2014. It works with leading domestic and multinational group companies and start-ups, government and public institutions on marketing projects in the field of FMCG, telecommunications, construction, banking, insurance, fintech, SMEs, IT, mining and healthcare.

We are looking forward to our fruitful cooperation.
 
EuroChamber Working Groups this week
EuroChamber Working Groups this week
Food and Beverage Working Group

On May 24th, 2024, EuroChamber's Food and Beverage Working Group held its monthly meeting. During the meeting, members discussed relevant procedures and provided suggestions for improvements. EuroChamber also gathered suggestions from its members to include in its Trade and Investment Climate Statement.
Innovation & Digitalization Working Group

Today, Eurochamber Mongolia held its Innovation & Digitalization working group meeting. The guest speaker was Ms. Ayaguli, CEO and Co-founder of Call Pro, who has shared her experience in participating global tech conferences. The participants held discussions on how to participate in global start-up events, find strategic partners, how to pitch your projects/ideas and raise funds, find out where Mongolian start-ups/products stand on global stage, global trends in technology sector, compare own products with peers, and expand global networks.
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International Trade Working Group

On this day May 24th, 2024, Eurochamber Mongolia held its International Trade working group meeting on Capitron bank office. Working group Chair Ms. Klaartje Genbrugge, Founder and CEO of Madame Seguine delivered a presentation.

The participants held discussions focusing on the examination of sanctions against Russia and their impact on Mongolia amid the conflict in Ukraine.
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Upcoming Working Group meetings
Sustainability & Energy WG 
Guest speaker Rufat Alimardanov, Country Representative of IFC 
Mon 27 May @4 p.m.
Banking& Finance Working Group

28 May @4:30 p.m.


Health Working Group

31 May @11 a.m.


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Mongolia update
Two special economic zones to be established in Mongolia's capital
Two special economic zones to be established in Mongolia's capital
The Mongolian government announced its decision on Wednesday to establish two special economic zones "Agro-city" and "Naluu-Ukhaa" in Ulaanbaatar, Xinhua reports.

The special economic zone "Agro-city", set to be established in Songinokhairkhan district of Ulaanbaatar, is designed to bolster food security, foster the production of export-oriented food and agricultural goods, and enhance overall food supply, the government's press office said in a statement.

Another special economic zone, "Naluu-Ukhaa," slated for establishment in Nalaikh district, aims to catalyze the production, trade, and services of building materials, thereby mitigating reliance on international transport logistics and imports through the creation of a dedicated cluster, the statement said.

According to a UN study, about 20% of Mongolia's population lacks access to nutrient-rich food.

Currently, the agricultural sector accounts for more than 10% of Mongolia's GDP. Agriculture is most dependent on nomadic livestock breeding, with about 75% of the land used for pasture.

Source: akipress.com
Read More
 
Funding for Some Measures Regarding The Construction of the Oil Refinery Plant Approved
Funding for Some Measures Regarding The Construction of the Oil Refinery Plant Approved
At its regular session, the Cabinet approved the draft Resolution on Some Measures to Be Taken Regarding the Construction of the Oil Refinery Plant.
According to the Resolution, the authorities of “Erdenes Tavantogloi” JSC was tasked with funding the necessary funds for the construction quality control of crude oil pipelines and thermal power plant.
As of today, 230 km of pipeline has been installed and construction quality control has been conducted.

Source: montsame.mn
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United Nations Begins Aid Distribution to Mongolian Herders Affected by Severe Dzud
United Nations Begins Aid Distribution to Mongolian Herders Affected by Severe Dzud
The United Nations Central Emergency Response Fund has outlined a detailed plan to distribute USD 1.5 million in humanitarian aid to Mongolian herders affected by Mongolia's severe dzud. This announcement was made on May 22, 2024, by Tapan Mishra, the UN Resident Coordinator in Mongolia.

The coordinator stated that the humanitarian team in Mongolia has called for support to assist herders in combating the harsh dzud conditions. Accordingly, the UN approved the funding and the aid is being distributed through three United Nations agencies to herder households and citizens across provinces. These include:

USD 700,000 from the UN Food and Agriculture Organization (FAO),
USD 350,000 from the United Nations Population Fund (UNFPA),
USD 500,000 from the United Nations Children's Fund (UNICEF).

This assistance will benefit over 12,000 people in targeted groups, including women, children, and individuals with developmental issues from herder households in rural areas most affected by the severe dzud.

Source: montsame.mn
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Mining collaboration to be intensified with India
Mining collaboration to be intensified with India
Deputy Minister of Foreign Affairs G.Amartuvshin welcomed Ambassador Atul Malhari Gotsurve of the Republic of India to Mongolia and received a copy of his Credential on April 12. During their meeting, Deputy Minister G.Amartuvshin emphasized the importance of strengthening the “Strategic Partnership” between Mongolia and India. He highlighted the need to expand and enhance cooperation in various sectors such as tourism, agriculture, transportation, logistics, and information technology.

Source: theubposts.com
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Cooperation with Belarus to strengthen in restoring Mongolia’s forestry
Cooperation with Belarus to strengthen in restoring Mongolia’s forestry
At the invitation of Minister of Foreign Affairs B.Battsetseg, Minister of Foreign Affairs of the Republic of Belarus Sergei Aleinik paid an official visit to Mongolia on March 14-17. During his visit, Minister Sergei Aleinik paid a courtesy call on President U.Khurelsukh. During the meeting, both sides expressed satisfaction with the current state of bilateral relations and reaffirmed their commitments to further enhancing cooperation in various fields, including trade, economy, education, culture, and tourism. The Belarusian minister conveyed warm greetings from the President of Belarus and emphasized the importance of strengthening ties between the two countries. He highlighted Belarus' interest in expanding economic cooperation with Mongolia, particularly in sectors such as agriculture, industry, and technology.

The visit of the Minister of Foreign Affairs of the Republic of Belarus, Uladzimir Syanko, to Mongolia in 1996 marked the first official visit at the level of minister of foreign affairs. The fact that this visit of Sergei Aleinik is the second at the ministerial level in 28 years highlights the significance attached to enhancing cooperation between the two countries. The composition of the Belarusian delegation included high-ranking officials from various sectors such as industry, agriculture, and food, as well as over 20 business representatives.

Source: theubposts.com
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