Economic Archives - Page 26 of 94 - News.MN

IMF: Inflation expected to remain high in Mongolia

The International Monetary Fund (IMF) lowered its growth forecast for the Mongolian economy in 2022 to 1 percent, saying potential risks have already begun to materialize.

This came after IMF representatives led by senior economist Angana Banerji concluded a visit here

Restoring Yadam Temple at the Choijin Lama Temple Museum

  Project aims to provide opportunities for local capacity-building in traditional crafts and conservation techniques
Ulaanbaatar, Mongolia, May 6, 2022—Arts Council of Mongolia (ACM) and World Monuments Fund (WMF) today announced the start of physical conservation on the Yadam Temple, situated within

Dollar shortage hits Mongolian market

The Mongolian tugrik has since late January been steadily losing value against the dollar, while inflation has been mounting. There are several reasons for this, including increases in the prices of Russian gas, energy and wheat due to effects of

Mongolia aims to ship 36.7 million mt of met coal to China

China’s metallurgical coal supply is expected to remain limited in the second quarter of 2022, as coking sector’s inventories deplete and Mongolian coal suppliers face logistical hurdles, industry sources said April 13. Industry analysts see relatively lower seaborne met coal

Mongolia to export cooking oil to South Korea

Mongolia will export cooking oil for the first time, as a rapeseed oil factory in the northern Mongolian province of Selenge has signed an agreement on exporting rapeseed oil.

The factory named “Selenge” on Tuesday signed the agreement with Dansuk Industrial

Mongolia exempts the excise tax on the AI-92 and diesel fuel

Mongolia is striving to combat a rise in consumer prices driven by external factors. On Wednesday, the Mongolian government decided to issue a soft loan worth MNT 230 billion  to flour producers and meat processing enterprises, according to the Food

Mongolia’s first ever oil refinery to be completed by 2025

India has assured Mongolia  assistance to develop its space, telecommunications and energy sectors including expediting creation of an oil refinery.

The assurance was extended during last week’s visit of Deputy NSA Vikram Misri who called on President of Mongolia U.Khurelsukh. Misri