Economic Archives - Page 62 of 95 - News.MN

EU grants EUR 50.8 million to Mongolia for improving transparency

The European Union is supportig Mongolia’s efforts in boosting employment and improving transparency in public finances with a grant of 50.8 million euros (MNT 155.7 billion). This is the first budget support programme in Mongolia, also aiming to address the

Getting off the FATF Grey List

Mongolia has met all requirements to be removed from the Financial Action Task Force’s (FATF) grey list, the country’s finance minister Ch.Khurelbaatar said on Friday.

FATF is an intergovernmental organization founded in 1989, whose aim is to combat global money laundering

Lack of control over Mongolia’s donation funds

Amid COVID-19 pandemic, Mongolians have united in supporting frontline fighters against the killer virus. As for today (27 May), over MNT 3.35 billion (USD 1.19 million) from 255 enterprises and 241 individuals has accumulated in the donation funds. In addition,

Mongolian cashmere producer to export 100 tonnes to Italy

Global luxury brands have long admired the quality and fine texture of Mongolian cashmere. Therefore, Mongolia’s best luxury cashmere producer ‘Khaan Khishigt’ has received orders for 100 tonnes from Italy. According to N.Batkhishig, a representative from the ‘Sustainable Cashmere Development’

Mongolia’s GDP falls by 6.1 percent

Mongolia’s gross domestic product fell 6.1 percent in the first quarter compared to the same period last year, the country’s National Statistics Office said on Wednesday (20 May).

The country’s economy amounted to 7.2 trillion Mongolian tugriks (over 2.5 billion U.S.

Accountable Mining and gender inclusivity

“The peoples of the United Nations have (…) reaffirmed their faith in fundamental human rights, in the dignity and worth of the human person and in the equal rights of men and women and have determined to promote social progress

Mongolia offers Rio Tinto power solution

The cost of expanding Rio Tinto’s Mongolian copper project could be cut by almost USD 1 billion under a surprise Mongolian government plan that could increase the host nation’s long-term influence over Rio and the project.

The Mongolian government has told