On Wednesday, Sep. 22 the Asian Development Bank (ADB) stated that the Mongolian GDP is projected to expand 4.6 percent this year on the back of constant economic recovery.

The most recent expansion estimate is marginally lower than the 4.8 percent

 
Golomt bank has been named as the “Best Digital Bank in Mongolia” for the third consecutive year and seven years in total by the Global Finance, an internationally renowned magazine, which selects the world’s best financial institutions annually.
As a leader

Mongolia will build a hydropower plant in the western part of the country.

The Erdeneburen hydropower plant on Khovd River  will be constructed in the coming five years, with a soft loan from the Chinese government.

The 90-megawatt hydropower plant is considered

Despite Mongolia’s rich renewable energy resources, some hard-to-abate sectors are technically challenging to electrify, and other decarbonization options needs to be considered. The climatic conditions in Mongolia, particularly in the South Gobi region, provides the country with favorable conditions for

The steady decline in Mongolia’s exports of coal for all uses since June ended last month, with August exports soaring by 61.4% on month to 1 million tonnes, thanks to the recovery of truck transportation through key checkpoints on the

The MSE Top 20 Index, which tracks the biggest companies in the planet’s most sparsely populated country, has gained almost 130% in 2021, by far the best performance among the primary equity indexes tracked by Bloomberg.

The gains are reminiscent of

The Mongolian government has demanded “more transparency, more visibility” from Rio Tinto over the Oyu Tolgoi copper mine, following an independent review that last month blamed management failures for missed deadlines and cost blowouts.

Mongolian ministers and officials are in London

China is seen falling short of 50 million tonnes of metallurgical coal in 2021 amid rising domestic coking output capacity, sources said 15 September.

In 2021, the country is seen retiring 28.92 million tonnes of old coking output capacity, and adding