Economic Archives - News.MN



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Mongolia’s GPD grows by 6.3 percent

The National Statistics Office of Mongolia (NSO) has provided its report on the Mongolian economy for the third quarter of 2019. Mongolia’s gross domestic product (GDP) reached MNT 13.7 trillion, which represents an increase of 6.3 percent in the first

China’s investment to Mongolia reaches USD 108 million

Mongolia and China have set goals of reaching a bilateral trade turnoverof USD 10 billion by 2020. This is part of their comprehensive strategicpartnership. China is  Mongolia’s biggest investor  as it accounts for 21 percent  offoreign direct investment (FDI) to

Will Mongolia meet its coal export target?

Mongolia has set a goal of exporting 42 million tonnes of coal by the endof 2019 in order to generate MNT 1.3 trillion in export revenue. As of 1November, Mongolia has exported a total of 32.3 million tonnes of coal,reports

Great Expectations: Ovoot mine project EBITDA forecasts

ASX-listed and Mongolia-focussed metallurgical coal developer, Aspire Mining, says its Ovoot Early Development Project, will pump out a stunning annual EBITDA of AUD$279 million from the production of 4 million tonnes a year of sought-after “fat” coking coal for delivery

Mongolia to increase number of civil servants

Mongolian parliament is discussing the 2020 State Budget this week. According to the law, parliament must approve the General State Budget by 15 November.

The Mongolian cabinet has drafted steps to increase the number of civil servants by 3300 in 2020.

Mongolia to cut nighttime electricity tariffs

In an effort to reduce Ulaanbaatar’s chronic air pollution, an annual nighttime electricity tariff reduction for the city’s ger districts is being provided from November 1 to April 1.

Nearly MNT 20 billion will be spent on the electricity price discount

Mongolian Economic Forum discusses sustainable development

The Mongolia Economic Forum-2019 has taken place  in Ulaanbaatar to discuss the sustainable development of economy at a time when poverty remains a pressing concern. The annual forum aims to build consensus for defining sustainable economic development policies and addressing