Mongolia is keen to tap India as a probable partner for supply of coking coal and has reportedly approached the Steel Ministry to explore probable tie-ups, those familiar with the developments told businessline.
Coking coal is a key steel-making raw material and
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.
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 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.
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