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Hunnu Air leases four Embraer E-190 aircraft

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the signing of a lease agreement with a Mongolian domestic airline, Hunnu Air, for a fleet of four Embraer E-190 aircraft.


Trade between Mongolia and Russia rises by 40 percent

The trade turnover between Mongolia and Russia in 2018 rose by 39.8 percent year-on-year, reaching 1.8 billion U.S. dollars, the Mongolian Customs General Administration said on Tuesday 5 February.

The agency said that Mongolia managed to increase the supply of agricultural

Mongolian mining sector contributes State Budget

At a press conference today (January 31st), the Ministry of Mining and Light Industry gave a report on its performance and productivity over the past year. In 2018, the Ministry contributed a total of MNT 2 trillion and 51.5 billion

Mongolian Economy grows highest in last five years

As had been predicted, Mongolia’s economy grew by 7.1% in 2018. According to G.Zandanshatar, who is Chief of the Cabinet Secretariat, this is the highest growth of Mongolia’s economy in the last five years.

In 2011, Mongolia’s economic growth reached its

Trade between Mongolia and Belarus increase by 22%

Bilateral trade between Mongolia and Belarus reached $16 million in 2018, which is an increase of 22% from the previous year.

Dubova Yaroslavovna, who is the Deputy General Director for Foreign Economic Activity from the Belarusian Chamber of Commerce and Industry,

Mongolians to get over MNT 120 billion for VAT refund

Adopted by parliament in July 2015, the VAT incentive law took effect from 2016.  According to this law, consumers started to take back money in the form of a rebate that is equivalent to 2% on products they purchased. According