Economic Archives - News.MN - The source of news

Monday

2018/11/19

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Goldlinks enters Zaamar gold mine project

The global gold industry blockchain alliance, Goldlinks, announced the conclusion of a strategic partnership with Erd Khul LLC, a gold mine in Mongolia. The partnership covers cooperation on mining, the creation of gold-backed digital assets, mine acquisitions, and more. The

Mongolian economy grows by 6.4 percent

According to D.Baasan, a specialist at the National Statistic Office, the Mongolian economy grew 6.9 percent in the first 9 months of 2018.

A preliminary estimation indicates that GDP reached MNT 12.8 trillion, a increased of MNT 0.8 trillion (6.4 percent)

Mongolia’s unemployment falls by 2.2 percent

According to the National Statistic Office of Mongolia, the number of people aged 15 and above, who are in work reached 1.3 million in the first 10 months of 2018; a total of 721.1 thousand of them are men and

Meeting meat demand: Mongolia to trade 17.9 percent of livestock

Mongolia is planning to trade 17.9 percent or 15.1 million head of livestock nationwide from 2018-2019. According to provincial administrations, they have planned to use 5.5 million for local meat demands and to trade 9.6 million animals.

A total of 52

Major rating agencies upgrades Mongolia to stable

Standard and Poor’s (S&P) rating agency has upgraded the Mongolian sovereign credit rating to “B” from “B-” with a stable outlook.

The update reflects the government’s strong fiscal performance thanks to the combination of higher commodity prices in global markets and

Cronyism at the top: first arrests made in SME Fund Scandal

Mongolia’s anti-corruption body has arrested the officials who are in charge of the Small & Medium Enterprise Fund. Three people, namely, D.Enkhbat, deputy of the State Secretariat at the Ministry of Food, Agriculture and Light Industries, S.Tugsbileg, director of the

Small wastewater treatment plant begins operation in UB

A small wastewater treatment plant with a capacity of 20,000 cubic meters has been opened in the Khan-Uul District of Ulaanbaatar. The facility, which was opened on 6 November, will serve160,000 households from the Yarmag and Nisekh apartment complexes; it

Full steam ahead for Tavan Tolgoi – Chinese border railway

The Mongolian government is planning to complete the construction of a railway from the Tavan Tolgoi coal mine to the Chinese border by 2021. The rail link, from the giant mining complex would have the capacity to deliver 30 million