On Sunday (27 November) Prime Minister of Mongolia, L. Oyun-Erdene, opened a major new rail link which will provide a significant boost to the country’s export competitiveness and wider economy as part of the Government’s ‘New Recovery Policy’.
Mongolia sends 86% of its exports to China, with coal accounting for more than half of that total, and it is upgrading its infrastructure in the hopes of selling even more to its southern neighbor.
The U.S. government, through the United States Agency for International Development (USAID), launched a three-year, MNT 7.2 billion ($2.1 million) project to help Mongolian communities prepare for and effectively respond to natural disasters, with a particular focus on adjusting to
“MSM Betastar” LLC, official distributor of over 170 world-renowned premium beverage brands, including Moёt & Chandon, Hennessy, Jack Daniel’s, Johnnie Walker and many others, opens “SOUR”, its first official liquor shop.
A wide selection of both domestic and imported premium brands
Mongolia is keen to chip in, shipping 19 million metric tons of coal to China so far this year, according to the National Statistical Office, already exceeding 2021’s 16 million total.
Government officials want Mongolia to surpass the record 37 million
Mongolia’s inflation, measured as the consumer price index, soared year-on-year by 14.5 percent in October, said the country’s National Statistics Office.
The index rose 1.3 percent from the previous month and 10.9 percent from the start of 2022. The increase is
Talon Energy Ltd is earning into the Gurvantees PSC in Mongolia, which has a world-scale resource on the doorstep of the world’s largest gas consumer, China.
Talon Energy Ltd is an Australian energy company, with huge prospective gas resources in two
Mongolia’s first oil refinery is being developed under a government-to-government (G2G) partnership between Mongolia and India. The project is estimated to cost around USD 790 million, which will be financed through a line of credit from the Government of India.
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