Economic Archives - News.MN

Friday

2019/05/23

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Three neighbours – one Belt & Road

Kaisun Holdings Limited and China Railway Engineering Construction Mongolia have signed an agreement for the construction of the Mongolia Choir Railway Platform. This project opens up logistic opportunities along the China, Mongolia and Russia corridor by providing full supply chain

Mongolia’s GDP growth reaches 17 percent

In the first quarter of 2019, Mongolia’s Gross Domestic Product (GDP) rose to MNT 3.5 trillion and increased by MNT 279.9 billion in comparison to the 2010 figures. The growth was contributed by increases in the non-manufacturing sector by MNT

Corruption probe starts into OT “Dubai Agreement”

Known as the Dubai Agreement, a 2015 expansion deal for the Oyu Tolgoi copper and gold mine, has been under scrutiny by a parliamentary working group. Very senior figures were involved in signing the agreement, the transparency of which has

Mongolia aims to raise annual coal exports to 40 million tons

In the first four months of 2019, Mongolia’s coal exports increased by 11.7 percent year-on-year. According to the Mongolian Customs General Administration (MCGA), nearly 11.4 million tons of coal were exported to China during the period, which was worth USD

Mongolia aims to increase foreign reserve to USD 4 billion

Mongolia’s foreign exchange reserves rose to 3.7 billion U.S. dollars at the end of March. The amount increased by 200 million dollars since the end of 2018, said E.Atarbaatar, head of the Reserve Management and Financial Markets Department at the

Mongolian truckers strike at Chinese border

Mongolian truck companies engaged in coal transport from the Tavan Tolgoi coal mine to the Gashuunsukhait border crossing went on strike on 6 May, demanding an increase in transport services fees.

Currently, there are more than 170 companies engaged in coal