Bank savings in the national currency of Mongolia amounted to MNT 13.5 trillion at the end of this April, having increased by MNT 424.8 billion (3.2%) compared to the previous month and decreased by MNT 206.1 billion t(1.5%) compared to

The United States Agency for International Development (USAID) today launched the Mongolia Energy Research and Innovation (MERI) Fund, a small grants program to bolster Mongolia’s economic growth by facilitating the transition to clean energy.

The grant program is part of USAID’s

Mongolia’s gross domestic product (GDP) expanded by 7.9 percent year-on-year in the first quarter of this year, the country’s National Statistics Office (NSO) reported.

The increase was mainly thanks to a significant growth of the mining exports.

Mongolia’s economy grew 4.8 percent

Mongolia’s ratings are underpinned by favourable medium-term growth prospects and high per capita income relative to ‘B’ rated peers. The ratings are constrained by the country’s high reliance on external funding and commodity exports to China amid high external debt

Mongolia exports about 1,000 gers (yurts) per year to China, Russia, Australia, Belgium, Canada, Germany, Spain, France, England, the Netherlands, South Korea, the USA, Hungary and other countries.

Most of the yurts are exported through intermediaries, which are often foreign citizens

Design and survey work on the transit gas pipeline through Mongolia is at the final stage, Gazprom has noted following a meeting of the joint working group with the Mongolian government.

Gazprom reported that a meeting of the working group to

Inflation in Mongolia, measured by the consumer price index, rose 11.3 percent year-on-year in April, data from the country’s National Bureau of Statistics showed. The increase was mainly due to higher prices for imported goods, especially food.

More than half of

Mongolian ger, or yurt as it is known worldwide, is attracting many people as eco-friendly, affordable home for off-grid living, glamping and a variety of other purposes such as yoga studio.

Mongolia exports around 1000 yurts a year to China, Russia,