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.

“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

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

For years, it seemed that cashmere production simply wouldn’t be able to keep up with exploding demand. The expansion of luxury groups and the fine knits purveyors nearly caused the supply chain to buckle. But now, in a pandemic-stricken economy,

A working group from the International Monetary Fund (IMF) held an online meeting with Mongolian government officials on 11-13 May. During the discussion, Mongolia requested emergency financial assistance under the Rapid Financing Instrument (RFI) to meet urgent payments of the

According to the National Statistics Office, Mongolia’s exports fell by 45.3 percent in the first quarter of 2020 due to the coronavirus restrictions compared to same period last year. In the first quarter of 2020, Mongolia traded with 121 countries

University graduates are poised to enter one of the most difficult job markets in Mongolian history. Over 22 thousand students are expected to graduate with a university degree this academic year, according to the statistics. They will do so amid

Mongolia introduced a new payment system to public transportation in 2015.  Ulaanbaatar Smart Card, a subsidiary of the Korean Tmoney Company, suffered a 1.79 billion Korean Won (USD 1.4 million) loss in 2019, following a 1.82 billion Won loss the