Golomt Bank of Mongolia secured a USD 10 million loan with a tenor of five years from International Investment Bank (IIB) on 10 June 2021. Golomt Bank plans to utilize the loan proceeds to finance the SMEs, the projects with

Mongolia’s national consumer inflation reached 6.2% in May, up by 0.7% m/m, according to the country’s national statistics office.

Inflation was 5.6% in April.

The increase was affected by the increased price of consumer goods such as imported alcoholic beverages and tobacco

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU), together with the European Mongolian Chamber of Commerce and Industry (EuroChamber Mongolia), recently announced launching a ‘SME Export capacity building’ project to pave the way for Mongolian

Achit-Ikht LLC, a member of the London Metal Exchange and a Mongolian national producer, has started issuing preferred shares and paying dividends to its targeted beneficiaries, the company’s employees and the employees of Erdenet Mining Corporation, since 2019 as part

The Sustainable Fibre Alliance and clothing brand J.Crew are supporting nomadic female herders with workshops designed to lift their economic and social standing. Despite having the potential to bring tremendous value to the cashmere supply chain, the Sustainable Fibre Alliance

Golomt Bank’s “Golden Key” children’s foundation has continued to support the “Heart Will Not Forget” project for the second year in a row and established a memorandum of cooperation to become an official partner.

B.Boldsaikhan who initiated the project, General Director

Mongolia’s foreign exchange reserves reached USD 4.9 billion at the end of April, hitting an all-time high, reported the country’s Central Bank.

The record was mainly related to the stable exchange rate of the Mongolian national currency, the Tugrik,  and measures

The conclusion of an agreement on a free trade area between Mongolia and the Eurasian Economic Union(EEU) will contribute to further expansion of the economic relations between Moscow and Ulaanbaatar, Russian Foreign Minister Sergey Lavrov said on Tuesday following a