On November 1, Prime Minister G.Zandanshatar visited Dongsheng Petroleum Mongolia LTD in Zuunbayan, Dornogovi Province, to review the company’s operations and discuss plans for increased production. Since its establishment in 2003, Dongsheng Petroleum has invested USD 480 million and extracted over 1 million tons of crude oil. Under the 1997 Production Sharing Agreement, the company […]
On November 1, Prime Minister G.Zandanshatar inspected the ongoing construction of Mongolia’s oil refinery in Dornogovi Province, announcing significant progress on the landmark project. The refinery, which was only 20 percent complete in June, has now surpassed 50 percent completion. Since assuming office, Prime Minister G.Zandanshatar has prioritized the refinery as a strategic economic project, […]
S&P Global Ratings has upgraded Mongolia’s sovereign credit rating from “B+ (positive)” to “BB- (stable)”, the country’s strongest rating in 13 years. The upgrade reflects improved fiscal discipline, debt management, and sustained economic growth. Since taking office, Prime Minister G.Zandanshatar has amended the 2025 budget, cutting spending by MNT 2.2 trillion and reducing the fiscal […]
Highlights from the Cabinet Meeting – October 29 Expanded Working Group Established to Improve Housing Access for Teachers and Doctors The Cabinet has established an expanded working group, headed by Minister of Urban Development, Construction and Housing E. Bat-Amgalan, to study and propose measures to improve housing access for teachers and doctors. The working group […]
Prime Minister G.Zandanshatar has established a Special Working Group to combat corruption and theft in the mining sector and state-owned companies. The group includes representatives from the General Intelligence Directorate, the Independent Authority Against Corruption, the National Police Agency, the General Customs Administration, the Mongolian Tax Administration, and all ministries. The working group will review […]
At its regular meeting on October 1, the Cabinet discussed and resolved several key issues concerning energy restoration, social welfare, foreign economic cooperation, and the 2026 state budget. Energy Restoration Efforts A major focus of the meeting was the ongoing restoration of Thermal Power Plant III, which experienced an accident at its high-pressure section. The […]
Prime Minister G.Zandanshatar has issued an order to disclose information that is not classified as confidential under the Law on State and Official Secrets and to strengthen regulations governing official secrecy within public institutions. In response, the Cabinet Secretariat has drafted amendments to the Law on State and Official Secrets and held a public discussion […]
The “ICT Forum” was held on September 26, as part of “Tech Week 2025,” a comprehensive national event dedicated to discussing innovation, technology, future trends, investment, and policy issues in the information and communications technology sector. The forum also provided a platform for exchanging experiences and ensuring active participation of stakeholders. Prime Minister of Mongolia […]
On September 25, Prime Minister G.Zandanshatar visited the 20th Harvest Days exhibition and met with representatives of vegetable farmers. The exhibition brings together more than 200 farmers from all 21 aimags, along with over 300 representatives from the food, agriculture, light industry, small and medium-sized enterprises, trade, catering sectors, and cooperatives. The event aims to […]
Highlights of the Cabinet Meeting on September 24 Cabinet Reviews Five-Year Development Plan (2026–2030) First Deputy Prime Minister and Minister of Economy and Development N.Uchral presented the draft of Mongolia’s Five-Year Development Plan (2026–2030) to the Cabinet. Following the discussion, N.Uchral was tasked with finalizing the draft, incorporating the Cabinet’s recommendations in line with relevant […]
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