Economic Archives - Page 57 of 96 - News.MN

Room for Mongolia’s coal exports to grow but with caveat

Mongolia’s coal exports to China could be poised for growth in the second  half of 2020 after exports registered a significant 63% year-on-year decline over January-May, China’s customs data released late June showed.

However, the key driver would be the price

Mongolian Tugrik rises against Russian Ruble

According to the Central Bank of Mongolia, the Tugrik rate has fallen against the US Dollar by three percent and by 1.8 percent against Chinese Yuan since January, 2020. However, the Mongolian currency has risen against the Russian Ruble by

Meat stockpile increases for Ulaanbaatar needs

Earlier today (22 July), the Mongolian Cabinet tasked the Ministry of Food, Agriculture and Light Industries to prepare more than 20 thousand tonnes of meat to cover the food demand for Ulaanbaatar. This is an increase of six thousand tonnes

Statistical snapshot of the pandemic’s impact on Mongolian households

Mongolia has taken early and decisive measures to prevent COVID-19 entering and spreading domestically across the country. Despite the limited cases confirmed in Mongolia, the household-level shocks caused by COVID-19 will be long-lasting and will disproportionally hit the poor and

IT talents leading startup business in Ulaanbaatar

According to the StartupBlink 2020 Global Rankings Report, Mongolia is ranked 93rd out of the top 100 and Ulaanbaatar entered for the first time this year at rank 690 out of 1,000 cities. A global startup ecosystem map and research

Sustainable local employment in Mongolia

Weir Minerals has been working with miners in Mongolia for more than two decades, beginning with the Oyu Tolgoi mine began during the engineering design phase of the project through to construction commissioning and running.

One of the largest gold and

One person wins MNT 30 million from VAT lottery

In the Mongolian VAT Lottery Draw, held on 19 July, 286 people won MNT 1 million each, 29 others MNT 3 million each and four people MNT 5 million. Also, one extremely lucky person has won MNT 30 million with

India learning valuable lessons from Mongolia

A noteworthy example in this regard comes from Mongolia’s mining industry, a sector which has received significant concessions as part of India’s recent economic package. To respond to the economic crisis arising from the pandemic, the Indian government has announced