Economic Archives - Page 3 of 24 - News.MN



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Specific procurement notice (SPN)

The United States of America, acting through the Millennium Challenge Corporation (“MCC”) and the Government of Mongolia (the “Government”) have entered into a Millennium Challenge Compact for Millennium Challenge Account assistance to help facilitate poverty reduction through economic growth in

Mouldy rice from China – Return to sender!

Mongolian custom officials at the Zamyn-Ude border crossing decided to re-export 60 tonnes of rice to China. According to the officials, the rice was covered with mould upon inspection. The incident occurred on 4 June.

The country currently imports approximately 70,000

Mongolia’s foreign trade rises to USD 5.58 billion

In the first five months of 2019, Mongolia’s foreign trade rose 10.2 percent year-on-year, amounting to USD 5.58 billion.

Exports grew 13 percent year-on-year to USD 3.26 billion, while imports rose 6.3 percent to USD 2.32 billion, the National Statistical Office

Mongolia to impose quotas on meat exports

Mongolia exported 54900 tonnes of meat and meat products in 2018 – a 20 year high. But because of bungled management, the population of Ulaanbaatar, where half of Mongolians live, is experiencing meat shortages. Prices have simply skyrocketed beyond what

Oyu Tolgoi – the lynchpin of the Mongolian economy

Mongolia attracted foreign direct investment worth USD 661.8 million during the first quarter of 2018, up by 7.5 percent year-on-year.

In a statement from the Central Bank of Mongolia, over 90 percent of  foreign investment goes to the Oyu Tolgoi copper-gold

Neighbourly cooperation: ‘Transit Mongolia’ Forum

The ‘Transit Mongolia 2019’ forum has been held at the Shangri La Hotel in Ulaanbaatar. The event aims at increasing the volume of transit freight through Mongolia. The subject is extremely important to Mongolia, as it is wedged between Russia

Seoul-based investment company opens subsidiary in Mongolia

Seoul-based investment company Rhinos Asset Management said on 4 June that it had opened a wholly-owned overseas subsidiary in Mongolia the day prior. This marks the first time that a foreign entity has begun to operate an asset manager in