Economic Archives - News.MN

Monday

2019/07/21

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

New Airport Management Project to be implemented by Mongolia-Japan joint companies

AKIPRESS.COM-The Mongolian government approved establishment of a concession agreement with Mongolia-Japan joint company under ‘invest-operate-transfer’ condition for Ulaanbaatar International New Airport Management Project, Montsame reports.

The project will be carried out by Airport at Khushgyn Valley state-owned profit oriented enterprise from

Mongolia must bolster fiscal institutions! says World Bank report

A new World Bank report on Mongolia revenue, public sector spending and financial institutions has been released. In a press release, the WB stressed the importance of growth without excessive borrowing and the need to strengthen the country’s fiscal foundations.

Specific procurement notice (SPN)

The United States of America, acting through the Millennium Challenge Corporation (“MCC”) and the Government of Mongolia (the “Government”) have entered into a Millennium Challenge Compact for Millennium Challenge Account assistance to help facilitate poverty reduction through economic growth in

Mouldy rice from China – Return to sender!

Mongolian custom officials at the Zamyn-Ude border crossing decided to re-export 60 tonnes of rice to China. According to the officials, the rice was covered with mould upon inspection. The incident occurred on 4 June.

The country currently imports approximately 70,000

16.4MW solar plant to supply Mongolia’s new international airport

Ulaanbaatar city and its new, soon-to-be-opened international airport will be partly powered by a photovoltaic (PV) plant, developed with financial support from Tokyo.  Japanese group Sharp’s 16.4MW solar project in Khushight Khundii, in Mongolia’s Tuv Province, has wrapped up construction

Mongolia’s foreign trade rises to USD 5.58 billion

In the first five months of 2019, Mongolia’s foreign trade rose 10.2 percent year-on-year, amounting to USD 5.58 billion.

Exports grew 13 percent year-on-year to USD 3.26 billion, while imports rose 6.3 percent to USD 2.32 billion, the National Statistical Office

Mongolia to impose quotas on meat exports

Mongolia exported 54900 tonnes of meat and meat products in 2018 – a 20 year high. But because of bungled management, the population of Ulaanbaatar, where half of Mongolians live, is experiencing meat shortages. Prices have simply skyrocketed beyond what