ZAZA Corporate Counsel ZAZA Corporate Counsel ZAZA Corporate Counsel ZAZA Corporate Counsel
Business Consulting, Logistics, Technology Service & Project Development in Mongolia

Railway discussion with Shenhua Group

25/01/2016  |  economy
A working group headed by the CEO of the “Mongolian Railway” state property company has been working in Beijing over the last few days, where a meeting was held with Mr Lu Bin, who is President of Foreign Operation and Investment Company at the Shenhua Group, as well as with other officials. Durin ...
Read more »

Bank of Mongolia reports

25/01/2016  |  economy
Ulaanbaatar /MONTSAME/ The Bank of Mongolia (BoM) has reported that money supply (M2) reached MNT 10.1 trillion at the end of December 2015, showing an increase of MNT 241.1 billion or 2.5% from the previous month and a decrease of MNT 585.6 billion or 5.5% compared to the previous year. At the end of Decembe ...
Read more »

Master Budget statistics

25/01/2016  |  economy
Ulaanbaatar /MONTSAME/ As of the preliminary result of 2015, total revenue and grants of the General Government Budget amounted to MNT 5973.8 billion and total expenditure and net lending amounted to MNT 7136.9 billion, representing a balance deficit of MNT 1163.2 billion. Tax revenue decreased by MNT 14.3 bi ...
Read more »

Positive trade balance grows in 2015

25/01/2016  |  economy
Ulaanbaatar /MONTSAME/ As of December, 2015, the total cumulative trade turnover decreased by 23.1 percent (USD 2,544.6 million) from that of the previous year and reached USD 8,466.6 million. The decrease in the trade turnover was mainly due to the decrease in imports by USD 1,439.5 million. The structure of ...
Read more »

PM hits gong to open “Mongol Post” LLC IPO

11/01/2016  |  economy
Ulaanbaatar /MONTSAME/ The Premier Ch.Saikhanbileg hit the gong of the Mongolian Stock Exchange (MSE) to open IPO of the “Mongol Post” JSC Friday. In accordance with parliament and government's decision, 34% shares of the state-owned Mongol Post company will be traded to people through the MSE, th ...
Read more »

Consumers can now enjoy 2% VAT cashback

08/01/2016  |  economy
Ulaanbaatar /MONTSAME/ New law on value-added tax has been effective for four days, so far. The law regulates that consumers can collect their receipts from supermarkets and other services, receive 2 percent cashback and take part in lottery. Initially, Petrovis and Sod Mongol gas stations, Nomin, Maks Foods ...
Read more »

Regulation takes effect on assessing brokerage firms’ capacity to pay

08/01/2016  |  economy
Ulaanbaatar /MONTSAME/ On January 1, 2016, the regulation on assessing and monitoring the capacity to pay of underwriter and brokerage firms came into force. The Financial Regulatory Commission has issued this regulation in order to protect the investors and clients and ensure transparency and fair market. Ac ...
Read more »