Economic Archives - Page 68 of 95 - News.MN

COVID-19 impact: most tourists cancel their 2020 trips to Mongolia

As countries try to stem the spread of coronavirus pandemic, tourists have cancelled travel plans amidst confusion over health risks, quarantine measures and possible disruption. In Mongolia, 70% of tourists who have booked travel to the country this year have

Mongolia releases gold and silver coins featuring Mahatma Gandhi

The Bank of Mongolia has released their latest gold and silver Proof coins which are part of their ongoing numismatic series entitled “Revolutionaries” featuring political figures who impacted, for better or worse, the world around them and further afield. The

Mongolia’s exports fall by 34.4 percent

Mongolian custom officials reported today (1 April) the export and import statistics for the first quarter of 2020. Export revenue reached USD 1 billion 139.6 million in the first quarter of 2020; however – which represents a 34.4 percent decrease

Mongolian health sector spending rises due to coronavirus

Mongolia has spent MNT 37.6 billion on the health sector in the fight against the COVID-19 pandemic. According to Prime Minister U.Khurelsukh, the coronavirus economic rescue measures are being financed by state funds, international soft loans and assistance. Mongolia has

Mongolian coking coal prices drop after exports resume

After exports of Mongolian coking coal to China resumed as the risk of COVID-19 was seen receding, prices of the material have also receded under the weight of the present bearish coal market in China, according to Chinese sources. As

Putin approved major gas pipeline to China via Mongolia

On Friday, Russian President Vladimir Putin approved the launch of a feasibility study for the Power of Siberia-2 Pipeline to export natural gas from Russia’s Western Siberia to China, Xinhua reports.

Russian gas giant Gazprom has conducted preliminary technical and economic

New meat producing plant opens in Zavkhan province

The Mongolian province of Zavkhan, located in the west of the country, is implementing many new projects aimed at become a net meat  producer and not a consumer.

For example, a new meat producing plant with a daily capacity for slaughtering