Economic Archives - News.MN

Wednesday

2020/01/28

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Fake fuel hits Mongolian driver’s pockets

Delegates from the Mongolian Trade Union and Mongolian Petroleum Consumer’s Association held a press conference earlier today (22 January) on the imports of fake fuel. According to a survey, Mongolian consumers are suffering a loss of MNT 50-60 billion every

Mongolia’s tax revenue rise by 18.8 percent

In 2019, Mongolia’s tax revenue reached MNT 9.7 trillion – an increase of MNT 1.5 trillion or 18.8% compared to the previous year. The growth is explained  by increases of MNT 460.8 billion or 22.1% in income tax, MNT 355.0

Mongolia’s Free Economic Zone on China’s doorstep

An investment forum entitled ‘The Connection between the Free Economic Zone and the Economic Corridor’ was held today (16 January) at the Mongolian National Chamber of Commerce and Industry. At the event, Mongolia’s policies on transport and logistics and the

Mongolia’s carbon ‘unfriendly’ export plans

Mongolia exported 36.4 million tonnes of coal in 2019. The General Customs Administration of Mongolia announced that the figure showed a slight drop in comparison with the previous year 2018.

The country exported a total of 36.5 million tons of coal

Mongolia to focus on supporting agriculture and light industry

This year, Mongolia will focus on increasing exports of food, agriculture and light industry. Currently, exports of products and raw materials of food, agriculture and light industry account for less than 10 percent of the country’s total exports. The agriculture

Mongolia’s foreign reserve reaches all-time high

Mongolia’s foreign exchanges reserves have exceeded USD 4 billion, according to the Bank of Mongolia (BoM). This is due to an increase in foreign trade revenue and an influx of International Monetary Fund (IMF) financial aid. Foreign trade revenue reached