Economic Archives - News.MN

Fitch Affirms Mongolian Mining’s IDR at ‘B’

Fitch Ratings has affirmed Mongolian coal producer Mongolian Mining Corporation’s (MMC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’. The Outlook is Stable. Fitch also assigned a ‘B’ final rating to the US dollar senior exchange notes due September 2026,

Mongolia keeps the benchmark interest rate unchanged at 13 percent

The Mongolian central bank’s monetary policy council has decided to keep the benchmark interest rate unchanged at 13 percent.

The decision was made “given the current and future state of the economy and financial markets, external and internal uncertainties or risks

South Korean big-box retailer entered the Mongolian market

South Korean big-box retailer Homeplus has entered the Mongolian market for the first time, signing a strategic partnership with the country’s retail giant, Circle Group.

The deal aims to bring over 200 Homeplus private brand (PB) products, from processed foods to household

United States and Mongolia sign MOU on mineral resources

The U.S. Department of State, represented by Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez, and the Ministry of Mining and Heavy Industry of Mongolia, represented by Minister J.Ganbaatar signed on June 27, 2023

Switzerland ending development aid to Mongolia

After promoting sustainable livestock farming and education for two decades, the Swiss Agency for Development and Cooperation (SDC) will discontinue its programme in Mongolia at the end of 2024. The SDC opened its cooperation office in Mongolia’s capital Ulaanbaatar in

Mongolia-Japan Business Forum begins

Today (23 August), Mongolian-Japanese Business Forum has taken place in Ulaanbaatar . The conference brings together business leaders from both countries to discuss trade and mutual economic development. According to a press statement, particular focus will also be directed at