The European Union and Mongolia have been taking stock of their good trade relations, and looking at opportunities to further strengthen their bilateral trade and investment cooperation agenda.
The platform for this discussion was the third annual sub-committee on trade and

Odey Asset Management has accused Rio Tinto of destroying value through lack of action over problems at Turquoise Hill, through which Rio Tinto owns a giant copper mine in Mongolia.

Turqoise Hill, listed in Canada, owns two-thirds of the Oyu Tolgoi mine with the rest

Fitch reports that the volume of coronavirus-related restructured loans is likely to delay further the resolution of asset-quality issues of Mongolia’s banks. As of September 2020, an estimated 22% of the system’s total loans- or MNT 3.8 trillion in loans

The Monetary Policy Council of the Central Bank of Mongolia held an emergency meeting earlier today (23 November) regarding economic measures announced by Cabinet last week. The Mongol Bank decided to cut its policy rates by 2 percent to 6

Mongolia’s gross domestic product (GDP) decreased by 7.3 percent year-on-year in the first three quarters of this year, local media reported on Thursday, citing the country’s National Statistics Office (NSO).
The country’s GDP dropped to 26.4 trillion Mongolian tugriks (over 9.2

On Wednesday (18 November), the Mongolian government increased the monthly allowance for children under 18 until the first half of next year due to the COVID-19 pandemic.
The measure, originally scheduled to be implemented from April to the end of this

The Central Asia portal reports that as of 1 November, Mongolia harvested 393,9 thousand tons of cereals, 239,3 thousand tons of potatoes and 111,9 thousand tons of vegetables, 968,9 thousand tons of hay and 3,2 thousand tons silage crops.
It is

Last Thursday, the Ulaanbaatar government imposed a national lockdown after a locally transmitted COVID-19 case was identified, and as of Monday morning, three new cases had been recorded after 1,818 tests were carried out nationwide, according to the head of