The
Mongol Bank last week purchased the entire amount of USD 43.8 million in
various currencies offered by commercial banks at the

The
number of non-governmental organizations (NGO) in the environment field has
gone up from 312 five years ago to 500. The growth

Unitel
Corporation (Unitel), one of the four mobile operators in Mongolia, has become
a 100% Mongolian-owned company, following its Mongolian shareholders acquiring
the

John
Ross Davies, who works for Major Drilling Group International Inc., was made an
honorary geologist of Mongolia in a recent ceremony

Small
start-up businesses in South Gobi and Ulaanbaatar recently overcame a number of
obstacles to deliver an Oyutolgoi order for more than

The
country’s first cheese factory according to European standards, Siryak Co. Ltd.,
has been set up. The factory of this joint venture

A painting by D.Badam named “Summer at the White Stupa”
has been given  as present to the
Hermitage Museum, St.Petersburg, by Prime

A doctor at the
National Trauma Center, T.Bat-Erdene, has said at least 10 people have their
limbs frozen daily frozen from exposure

The Meteorology Institute says snow now covers 70% of the
territory and some soums of Bayan-Ulgii, Uvs, Zavkhan, Khuvsgul, Arkhangai,
Uvurkhangai, Bulgan,

The
unwritten law that the poverty is reduced if the economy grows does not seem to
hold true in Mongolia. Why is