Mongolia is looking to e-commerce to help overcome geographical challenges and diversify its economy, which relies heavily on mining – mainly of copper, coal, iron ores and gold.

“The digital way opens up a whole new facet for all aspects of

On May 27, Construction of railway on connecting Shivee Khuren port with Chinese Ceke port began.

The railway section will connect two ports. It will be implemented on the basis of public-private partnership. LLC “Nariynsukhayt tomor zam” will finance the project.

Shivee Khuren

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.

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