Economic Archives - Page 43 of 95 - News.MN

Central Bank of Mongolia purchases 1.35 tons of precious metals

The Central Bank of Mongolia purchased 1.35 tons of precious metals in January, 2021, showing an increase of 750 kg compared to the same period of the previous year.
The branches of the bank in Darkhan-Uul and Bayankhongor provinces bought 15.7

Mongolia to support young families with mortgages

The Mongolian government is to provide all possible support to implement the policy ofproviding housing for young people and young families.
Prime Minister L.Oyun-Erdene raised the issueduring a meeting with representatives of public and private organizations operating in the construction

Mongolia to benefit from new IMF facility

The Caucasus, Central Asia, and Mongolia Regional Capacity Development Centre (CCAMTAC) has been established as the newest addition to the International Monetary Fund’s (IMF’s) global network of 17 regional capacity development centres.

Following the signing of a letter of understanding between

A virtual travel fair: How to travel on a low budget?

A virtual travel fair entitled ‘Cheap Vacation’ is taking place from 27 January to 31 March. The event is being co-organised by the Ministry of Environment and Tourism, the Ulaanbaatar Tourism Department, the Mongolian Tourism Association, the Mongolian Hotels Association

Mongolia’s coal export fell by 30 percent in 2020

Mongolian imports fell to an eight-month low in December as the country’s first local transmission of Covid-19 cases in the previous month compelled stricter checks at the Chinese border crossings, largely reducing the number of trucks passing daily. Mongolian imports

Mongolian subsidiary of Kincora receives Tax Assessment from MTA

Kincora Copper Ltd.  today announced that its Mongolian subsidiary Golden Grouse IBEX LLC has received a 2021 tax assessment for 2.7 billion MNT, approximately US$950,000, from the Mongolian Tax Authority (“MTA”).
The 2021 tax assessment is comprised of four items, of

Moody’s assigns B3 ratings to Mongolian MIK

Moody’s Investors Service has assigned a B3 rating to Mongolian Mortgage Corporation HFC LLC’s (MIK) proposed USD-denominated senior unsecured debt. The final amounts and terms of the debt will depend on market conditions and on the result of a cash

Cargo freight between China and Mongolia rises by 13.5 percent

The import and export goods volume via Erenhot, the largest crossing point on the China-Mongolia border, rose 13.5 percent on the previous year to more than 17 million tonnes in 2020, according to the port’s customs.
In 2020, around 14.7 million