Economic Archives - News.MN - The source of news

Wednesday

2018/09/19

Dollar (USD)

2503.41

Ulaanbaatar

+14°C

Mongolia to open two laboratories for testing precious metals

During October, two laboratories for testing precious metals are to be opened in an effort to increase the country’s gold reserves. According to the Central Bank of Mongolia, miners and individuals alike will be able to use the laboratories to

Hunnu Air announces new deal with Sabre Corporation

More famous as the birthplace of Chinggis Khaan, founder of the Mongol
Empire, than as a tourism destination, in modern times Mongolia has relied on mining as its main source of income, with 80% of its exports coming from the substantial

400kW renewable energy plant to open in Nalaikh

The opening ceremony of an ‘Eco-friendly renewable energy park’ project was held in the Nalaikh District of Ulaanbaatar on 12 September. The project is valued at USD 4.6 million and is financed 100 percent by South Korean nonrefundable aid. The

Number of South Korean visa applications increase by 130 percent

South Korea has eased multiple-entry visa rules for Mongolia. Mr. Gil Kang Moug, Consul General of South Korea held a press conference on Tuesday regarding the new visa rules for Mongolians. Nearly 1000 South Korean citizens have received multiple-entry visas

Central Bank of Mongolia purchases 2.8 tonnes of gold

The Central Bank of Mongolia (Mongol Bank) said on Friday that it had purchased 12.2 tonnes of gold from legal entities and individuals in the first eight months of this year, including 2.8 tonnes in August. The bank is aiming

Making ends meet: Mongolian students in part-time jobs

Approximately 30-50 Mongolian students apply for part-time jobs every day at the Central Youth Labor Exchange. For many, it is the only way to make ends meet, The office mediates between over 500 enterprises actively operating in Mongolia and 40,000-50,000

Mongolia asks Russia for $1.5 billion loan

Russian Deputy Prime Minister Alexei Gordeyev and his Mongolian counterpart U.Enkhtuvshin have been discussing ways to enhance trade and economic cooperation between the two countries. The two met in Moscow on Tuesday.

During the meeting, the Mongolian Deputy Prime Minister asked

Mongolia approves programme for supporting exports

Earlier today, the Mongolian Cabinet approved a programme entitled ‘Mongolia Export’, which aims ar supporting production in the non-mining sectors. This economic diversification initiative aims at establishing a stabilised tax and financial environment.

The programme will be implemented in two stages