Following a contraction of 4.4 percent in 2020 and 1.4 percent growth in 2021, the World Bank’s latest Mongolia Economic Update projects that the economy will grow by 2.5 percent in 2022, reflecting lingering border frictions with China and the

Mongolia saw sharp rises of fuel prices in the first quarter, with average price of the gasoline brand AI-95 up 64.8 percent year on year to MNT 3,060 per liter at the end of March.

The surge in the retail price

Steppe Metal Powder (SMP), the first metal powder plant in Mongolia, officially commenced its production and held an opening ceremony on 11 April 2022. The opening of the plant which produces a variety of metal powder, an important material for

Mongolia is ramping up its efforts to supply raw material such as coking coal and copper to China in 2022 after a lackluster trade in 2021, as it expands its mining sector and boosts its transport network, said O.Batnairamdal, Vice-Minister

Mongolia’s government has outlined the details of a sweeping economic roadmap for post-Covid revival. Dubbed the ‘New Recovery’ policy, the reform package combines both structural policy changes, such as partial privatisation of some state-owned enterprises, and major infrastructure initiatives, including

The freight transport export volume at the land port of Erenhot in north China’s Inner Mongolia Autonomous Region increased by 41.4 percent year on year to 642,000 tonnes in the first quarter of this year during which the port logged

The World Bank has lowered Mongolia’s gross domestic product (GDP) growth forecast for 2022 to 2.5 percent from a 5.2-percent forecast in October 2021, according to a World Bank report released on Tuesday.

In a downside scenario, Mongolia’s economic growth could

Aspire Mining Ltd has committed to plant 10 million trees in Mongolia at a recent signing ceremony in the country’s capital.

The resources stock met with the Mongolian President, Prime Minister and Minister for the Environment in Ulaanbaatar, where it pledged