Economics

  • Mongolian MP proposes to delay car tax increase date

    2017 оны 4 сарын 28
    On 28th of April, MP D.Erdenebat, leader of the Democratic Party parliamentary group presented a request for delaying the date of the increase in car tax which will came into effect starting 1st of May.
  • Mongolian aviation revenue increases

    2017 оны 4 сарын 28
    The revenue of the Mongolian aviation industry reached 56.75 billion MNT, a nine percent increase compared to the previous year, and the industry’s number of customers served rose to 152,200 in the first quarter of 2017, reported the National Statistics Office (NSO).
  • Mongolia should diversify economy

    2017 оны 4 сарын 27
    Mongolia should diversify its economy in the face of climate change and other stresses, as reliance on mining at the expense of its livestock industry has put people at risk of commodity price shocks and rising unemployment, an international aid group said.
  • Price of Mongolian cashmere decreases

    2017 оны 4 сарын 21
    Mongolia produces a third of the global supply of cashmere; the product, also, makes up 40 percent of the country’s non-mineral exports.
  • Young Mongolian entrepreneurs hold conference

    2017 оны 4 сарын 20
    The first conference of Young Mongolian entrepreneurs was held at the Mongolian National Chamber Of Commerce and Industry on 20th of April.
  • Technology & Investment companies gather in Ulaanbaatar

    2017 оны 4 сарын 20
    An international conference and exhibition entitled “Technology & Investment to Mongolia 2017” has opened at Ulaanbaatar’s ’Shangri-La Hotel’. The event will last 2 days from 20th to 21st of April.
  • Four Ambassadors participate in Mongolian business consultation

    2017 оны 4 сарын 19
    The Business Council of Mongolia has organised its annual business consultation under the theme ‘International cooperation for developing the private sector’. The event was held at the Tuushin Hotel on 17th of April and attended by ambassadors from the USA, Canada, Germany and Japan.
  • Good neighbours: Inner Mongolians give fodder to Gobi herders

    2017 оны 4 сарын 13
    South Gobi (Umnugobi) province of Mongolia has been cooperating with the Alsha province of Inner Mongolia, which is part of China. Since 2004, the two provinces have been developing cooperation in health, education, culture, agriculture and farming.
  • Mongolia and China to hold coal conference

    2017 оны 4 сарын 13
    The 7th Global Coking Coal Resource & Market Summit was held in Beijing from 6th to 7th April. Mongolian mining companies namely, ‘Erdenes Tavan Tolgoi JSC’ (Erdenes TT), MAK, MonEnko  participated in the event.
  •  World Bank: Growth in East Asia & Pacific Likely to Remain Resilient

    2017 оны 4 сарын 13
    Report recommends that policy makers continue to address macroeconomic vulnerabilities, improve quality of public spending and promote integration to help the region sustain resilience
  • Singaporean company to construct Mongolian coal aerification plant

    2017 оны 4 сарын 12
    The Mongolian Ministry of Energy has signed a Memorandum of Understanding with Poh Golden Ger Resources Pte Ltd, which is the Mongolian subsidiary of Singapore’s ”Poh Group Pte”, for coal aerification and power generation.
  • Mongolian Central Bank pays off ‘gold’ debts

    2017 оны 4 сарын 12
    The Mongolian Central Bank or Mongol Bank has agreed to repay the debts it has incurred from borrowing currency in the form of gold deliveries.
  • Mongolia to construct solar plant in Sainshand

    2017 оны 4 сарын 11
    Mongolia’s first ever solar power station began operation in the Khongor soum of Darkhan-Uul province on 19th of January. A second major solar plant will be constructed near the town of Sainshand in the Dornogovi province in Mongolia.
  • ADB: Mongolian economy growth to reach 2.5%

    2017 оны 4 сарын 10
    During an Asian Development Bank’s (ADB) conference on the economic outlook of Asia’s developing countries, it was predicted that Mongolia’s GDP growth will recover and reach 2.5 percent in 2017. Investment in the mining sector will continue for the next few years.
  • Mongolia to construct oil refinery in Sainshand

    2017 оны 4 сарын 10
    In March, the Mongolian parliament approved a proposal to establish a state-owned company for constructing an oil refinery.
  • In the steps of Marco Polo: Italian trade delegation visits Mongolia

    2017 оны 4 сарын 7
    The second joint meeting of the Mongolian - Italian Intergovernmental Commission was held in Ulaanbaatar on 6th of April.
  • Mongolian Central Bank buys 2.2 tonnes of gold

    2017 оны 4 сарын 6
    The Mongolian Central Bank, also known as ‘Mongol Bank’, bought 2.2 tonnes of gold from legal entities and individuals during the first three months of 2017.
  • China to increase transit transportation through Mongolia

    2017 оны 4 сарын 6
    The ‘Transit Mongolia-2017’ road and transportation forum is taking place in Beijing from 6th to 7th of April.
  • ‘Mongolia Mining-2017’ international exhibition opens

    2017 оны 4 сарын 5
    The 7th Mongolia Mining, international exhibition opened at the Buyant Ukhaa Sports Palace on 5th of April.
  • Mongolia and China open tannery in Bayankhongor

    2017 оны 4 сарын 4
    Mongolia and China have jointly opened a new tannery in Bayankhongor, one of the largest provinces of Mongolia.
  • Mongolia and Russian Youth Business Forum

    2017 оны 4 сарын 4
    The Interest Group in Parliament will be organising a Mongolia and Russian Youth Business Forum.