ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that High Payment Solutions LLC (Hi-Pay) has successfully launched its new payments hub using multiple ACI solutions to create Mongolia’s first payments gateway service. ACI’s

Mongolia provides jobs to 4.3 thousand foreign workers from 97 foreign countries under labour contract. As of the first quarter of 2020, the number of countries increased by 6, while the number of foreign workers decreased by 613 individuals (12.4%)

State owned Erdenes Tavan Tolgoi is one of the most important companies in Mongolia. Recently, the enterprise came back to life, as some of the restrictions imposed by the coronavirus pandemic were lifted. Thus, between 1 and 12 April, it

The Monetary Policy Committee of the Central Bank of Mongolia  decided today (13 April) to cut its policy rates by one percentage point to 9 percent. In addition, the bank will postpone loan repayments for borrowers facing difficulties due to

The European Union and the World Bank have decided to reprioritise the use of EUR 680,000 within the Strengthening Governance in Mongolia Project, funded by the European Union, to support the Government’s efforts to respond to the COVID-19 (coronavirus) emergency

Global airlines stand to lose USD 252 billion in sales and 38 percent of transportation in 2020 as the coronavirus continues to spread, according to the International Air Transport Association.

Mongolia is not exempt as civil air transportation suffers financial instability

Earlier today (9 April), the Tavan Tolgoi Fuel Company started construction of a new coal briquette plant. The new facility is in Tuv Province, which is close to the capital, Ulaanbaatar. The new plant with an annual production capacity of

Rio Tinto paid $7.6 billion in taxes and royalties globally in 2019, including $4.8 billion of corporate tax, as detailed in its latest taxes paid report published today (April 8).

The majority of its taxes were paid in Australia ($6.2 billion),