Economic Archives - Page 7 of 22 - News.MN



Dollar (USD)




Mongolian Mortgage Corporation HFC’s $250 Million Bond Offering

Mayer Brown represented Mongolian Mortgage Corporation HFC LLC, the only finance company licensed to issue asset-backed securities and the sole RMBS issuer in Mongolia, on its debut US$250 million unsecured bond offering and subsequent tap issuance for an additional US$50

World Bank delegation in Mongolia

Head of the Parliamentary Standing Committee on the State Budget, MP B.Choijilsuren today met with a delegation headed by Deepak Mishra, a specialist from the World Bank’s Macroeconomics, Trade, and Investment (MTI) Global Practice Division.

In the beginning of the meeting,

Mongolia completing infrastructure work for oil refinery

It is a well-known fact that Mongolia has substantial oil reserves, but up to the present, has no refining capacity, the result: the country exports all its crude oil and has to import imports its petroleum products. This will all

Petro Matad begins drilling in four wells in Toson Uul

Oil exploration company Petro Matad has started its 2019 Mongolian drilling programme.

The planned activity begins with four wells located in Block XX; this is  adjacent to the country’s main oil-producing area, the Toson Uul Graben in the Tamtsag Basin. Drilling

Mongolia’s exports rise by 30.4 percent

Exports from Mongolia jumped by 30.4 percent year-on-year – or USD 255.2 million – in first two months of 2019. This was mostly due to an increase in the sales of copper, coal as well as unprocessed gold. Gold export

Announcement of the DMUV Advisory Board

German-Mongolian Business Association (DMUV) is the largest bi-national business association in Mongolia with almost 100 company members. Since its founding in 1995, the structures of the association have evolved continuously, making it a valued partner in the promotion of commercial,

Gold purchases at Mongolian Central Bank fall sharply

The Central Bank of Mongolia purchased 84.1 kg of gold from legal entities and individuals last month; this was a decline by 81 percent year- on-year in February.

The dramatic decline was mainly related to the expiration of the effective period

Direct flight from Astana-Ulaanbaatar

In recent schedule update, Kazakh-carrier SCAT Air Company will, from June 2019, be adding a new service to Mongolia. The airline plans to operate the Astana – Ulaanbaatar route twice a week from 2 June.

The Boeing 737-500 aircraft will fly