Economic Archives - Page 12 of 95 - News.MN

Mongolian Gers are being Exported to the USA and Australia

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,

New IMF Resident Representative arrives Mongolia

On 8 May, Finance Minister B.Javkhlan met with newly appointed International Monetary Fund (IMF) Resident Representative in Mongolia Tigran Poghosyan, who is in Mongolia on a two-week study visit.

The sides exchanged views on the current economic situation in Mongolia the intensification

Mongolia’s foreign trade up over 50 percent

Mongolia’s total imports and exports expanded 50.4 percent year on year to USD 7.7 billion in the first four months of 2023.

Mongolia registered a surplus in foreign trade balance as exports exceeded imports by around USD 2.4 billion, mainly due

Mongolia’s gold stockpile risen to 3.2 tonnes

The Central Bank of Mongolia purchased 998.7 kg of precious metals in April, increasing the total volume of purchased precious metals to 3.2 tonnes this year.

The branches of the Central Bank of Mongolia in Bayankhongor and Darkhan-Uul provinces have purchased

Coal seam gas project in Mongolia’s South Gobi Basin

Oil and gas explorer TMK Energy has drilled to a depth of 375m and hit about 60m of coal at the company’s first production well – Lucky Fox-1 – at its coal seam gas Gurvantes XXXV project in Mongolia’s South

Fitch assigns Mongolian Mining’s proposed USD Notes ‘B’

Fitch Ratings has assigned coal producer Mongolian Mining Corporation’s (MMC) proposed US dollar notes a ‘B’ rating with an expected Recovery Rating of ‘RR4’. The proposed notes will be issued by MMC and its wholly owned subsidiary Energy Resources LLC,

Mongolia’s first oil refinery to be completed by 2025

Mongolia’s first oil refinery, built and funded with Indian assistance, will be completed by 2025, said the country’s Ambassador D.Ganbold. In an interview, he said the first stage of Mongol Oil Refinery, built with a USD 1.2 billion Indian soft