by Robert Ritz
Your essential source for Mongolian news, politics, economics, and business. Daily and weekly briefings delivered to your inbox.
Economy Regulator Moves to Ban Extra Fees on Non-Bank Loans Published: 2026-10-25 The Financial Regulatory Commission is preparing rule changes to prohibit non-bank financial institutions from charging commissions and fees linked to loan services. The measure is intended to reduce borro
Politics Government Says Tax Cuts Worth 1.3 Trillion Tugriks Will Begin in 2027 Published: 2026-10-24 Prime Minister Uchral said his government has reduced taxes by 1.3 trillion tugriks, with the changes scheduled to take effect on January 1, 2027. Speaking at a direct public-question s
Politics Government Withdraws Oyu Tolgoi Dividend Spending Bill Published: 2026-10-23 The government on October 23 withdrew a bill submitted with the 2027 budget that would have directed Oyu Tolgoi dividend income toward social and basic infrastructure projects. The proposal anticipated
Politics DP Disputes Planned Use of Oyu Tolgoi Revenue in 2027 Budget Published: 2026-10-22 The DP (Democratic Party) parliamentary group challenged the proposed treatment of MNT 3 trillion expected from Oyu Tolgoi in the 2027 budget. Group leader B. Tuvshin said it remains unclear whet
Politics Police restrict MNT 1 billion in online-gambling accounts and arrest 34 suspects Published: 2026-10-21 Authorities reported expanded enforcement against illegal online gambling after Mongolia prohibited paid prediction games, betting games and online-gambling activities in May
Politics Budget Revision Raises Pensions, Welfare Payments and Public-Sector Pay From November 1 Published: 2026-10-20 Parliament finalized the 2026 budget revision on October 16, setting total spending at MNT 33.9 trillion and the deficit at MNT 2 trillion. From November 1, all pension
Politics Tax Changes Will Raise VAT Threshold and Ease Some Compliance Rules Published: 2026-10-19 Tax amendments approved in June will take effect from January 1, 2027, with changes to personal income tax beginning January 1, 2028. The package ends temporary bank-account freezes for bu
Politics Parliament Passes Mining Law Amendments on Royalties, Local Funding and Mine Closure Published: 2026-10-18 Parliament gave final approval on October 16 to amendments to the Minerals Law intended to update mining regulation, expand geological research and exploration, support de
Politics Parliament Finalizes 2026 Budget Revision Published: 2026-10-17 Parliament has given final approval to the 2026 budget revision, directing additional funds to pensions, welfare, public-sector pay, food and fuel reserves, and energy-sector repairs. From November 1, 435,000 older
Politics Parliament Approves 2026 Budget Revision With MNT2 Trillion Deficit Published: 2026-10-16 Parliament gave final approval to the 2026 budget revision on October 16, setting consolidated revenue at MNT31.9 trillion and a MNT2 trillion deficit, equivalent to 2 percent of GDP. The
October 17, 2026 to October 23, 2026 --- 1. Parliament Approves Minerals Law Amendments Doubling Local Mining-Payment Funding Parliament gave final approval on October 16 to Minerals Law amendments intended to update regulation, expand geological research and exploration, support strateg
October 10, 2026 to October 16, 2026 --- 1. AI-92 petrol prices rose to MNT 3,600 per liter as Russian import costs increased Regular AI-92 retail prices rose by MNT 500-560 per liter to MNT 3,600 at some stations after Russia's October supply price increased by USD 190 per tonne to USD
October 3, 2026 to October 9, 2026 --- 1. Airport Agreement Restricts Buyant-Ukhaa to Non-Commercial Flights The agreement governing Chinggis Khaan International Airport prohibits another commercial airport within 150 kilometers, leaving Buyant-Ukhaa, about 50 kilometers away, limited to
September 26, 2026 to October 2, 2026 --- 1. Mongolia and Rio Tinto agree to cut Oyu Tolgoi financing and management costs Mongolia and Rio Tinto have agreed to amend the Oyu Tolgoi shareholders' agreement after negotiations confirmed in a September 11 joint statement by Prime Minister N
September 19, 2026 to September 25, 2026 --- 1. Oyu Tolgoi shareholders agree in principle to target dividends from 2027 Oyu Tolgoi LLC shareholders have agreed in principle to amend their agreement after nearly two years of talks, cutting Rio Tinto shareholder-loan interest from SOFR pl