Economic Archives - Page 3 of 16 - News.MN

Friday

2019/02/22

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Mongolia works with overseas investigator on Oyu Tolgoi agreement

 

Mongolia is working with overseas investigators to investigate claims of corruption at its giant Oyu Tolgoi copper mine.  This is following the re-arrest of a former minister suspected of “abuse of power”.

S.Bayartsogt was first arrested last April and released in

Mongolia’s renewable energy capacity reaches 275 megawatts

A solar power plant producing 10 Megawatts of electricity has been officially been made operational in the Govisumber provice.

According to ESB Solar Energy, which is the project’s operator, this energy plant was officially made operational on Sunday in Sumber soum,

MIAT to operate nonstop Ulaanbaatar-Berlin service

Mongolian Airlines (MIAT) announced that they will be operating a nonstop route between Ulaanbaatar and Berlin, the capital city of Germany. These nonstop flights are expected to start from July or August 2019.

MIAT previously announced that they would be putting its

Mongolia’s foreign debt increased

Mongolia recorded a 12 percent surge in its total foreign debt during the third quarter of this year, standing at USD 7.24 billion, compared to last year’s third quarter.

Mongolia’s foreign debt during the third quarter amounted to 60 percent of

Xinhua Commentary: Globalization at crossroads of critical choice

BEIJING, Jan. 22 (Xinhua) — Throughout human memory, the bandwagon of economic globalization has generally been rumbling forward, bringing people across the world ever closer for enormous shared benefits, whether it is powered by animals or algorithms, combustion engines or

MIAT’s new 737 MAX to fly between Ulaanbaatar and Moscow

MIAT Mongolian Airlines will operate its new Boeing 737 MAX for its service route between Ulaanbaatar and Moscow Sheremetyevo.

In 2017, the leading national carrier MIAT Mongolian Airlines expanded its fleet by leasing two 737 Max aircraft from the global leasing

Mongolian top models to participate in Asian Fashion Festival

This year’s Asian Fashion Festival, which is a biannual event, will be held in late February in Beijing, China.  Mongolia will be represented and 10 top models – led by A.Sarnai & Kh.Badamgerel – will advertise the nation’s brands.

Models from

Mongolian VAT Lottery winner to take MNT 225 million

In the VAT Lottery Draw held on January 20th, one person won the jackpot of MNT 225 million (over $84,000).  Although it has not been confirmed, one source says that the winner is an elderly person from the Bayangol District