Economic Archives - Page 4 of 10 - News.MN

Tuesday

2018/12/17

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

Meeting meat demand: Mongolia to trade 17.9 percent of livestock

Mongolia is planning to trade 17.9 percent or 15.1 million head of livestock nationwide from 2018-2019. According to provincial administrations, they have planned to use 5.5 million for local meat demands and to trade 9.6 million animals.

A total of 52

Major rating agencies upgrades Mongolia to stable

Standard and Poor’s (S&P) rating agency has upgraded the Mongolian sovereign credit rating to “B” from “B-” with a stable outlook.

The update reflects the government’s strong fiscal performance thanks to the combination of higher commodity prices in global markets and

Cronyism at the top: first arrests made in SME Fund Scandal

Mongolia’s anti-corruption body has arrested the officials who are in charge of the Small & Medium Enterprise Fund. Three people, namely, D.Enkhbat, deputy of the State Secretariat at the Ministry of Food, Agriculture and Light Industries, S.Tugsbileg, director of the

Small wastewater treatment plant begins operation in UB

A small wastewater treatment plant with a capacity of 20,000 cubic meters has been opened in the Khan-Uul District of Ulaanbaatar. The facility, which was opened on 6 November, will serve160,000 households from the Yarmag and Nisekh apartment complexes; it

Full steam ahead for Tavan Tolgoi – Chinese border railway

The Mongolian government is planning to complete the construction of a railway from the Tavan Tolgoi coal mine to the Chinese border by 2021. The rail link, from the giant mining complex would have the capacity to deliver 30 million

Mongolia meets its domestic wheat demand

According to the Ministry of Food, Agriculture and Light Industries, Mongolia will be able to meet its domestic demand for wheat and potatoes. This autumn, the country harvested a total of 409,600 tonnes of wheat and 160,900 tonnes of potatoes;

Car demonstration against soaring fuel price

Mongolian drivers demonstrated earlier today (5 November) against the increase of fuel price by circling the State Palace and Sukhbaatar Square, in the centre of Ulaanbaatar with their vehicles. Organisers say the demonstration will continue for five days between 8

Food prices increase following jump in fuel

The prices of daily-use consumer products such as breads, milk, rice and flour have increased in Mongolia after fuel prices rose by five times since the beginning of 2018.  Fuel importers raised fuel prices by MNT 50-250 per litre in