Economic Archives - Page 7 of 26 - News.MN

Wednesday

2019/09/18

Dollar (USD)

2533.95

Ulaanbaatar

+19°C

World Bank: Mongolia’s Central Economic Corridor still underdeveloped

Mongolia’s Central Economic Corridor (CEC), the key transportation network connecting China and Russia through Ulaanbaatar, offers promising opportunities to bring Mongolian agricultural products to world markets and to diversify the country’s exports away from mining resources. Still, according to a

ADB to develop ecotourism in Mongolia

The Asian Development Bank (ADB) has approved USD38 million in loans to develop ecotourism in the Khuvsgul Lake National Park and Onon-Balj National Park to serve as models for economically inclusive development and conservation in Mongolia.

The lending marks ADB’s first

Mongolia buys agricultural machinery from China

Mongolia received agricultural machinery from China on Thursday. This is being covered by a soft loan from the Chinese government.

Chinese Ambassador to Mongolia Xing Haiming said that the machinery, provided within the framework of a project on promoting agricultural production

Extreme weather delays Mongolia’s spring cultivation

The official date for the start of the spring cultivation in Mongolia, was 8 May; however, in many regions, it has been delayed due to extreme weather.

As of 21 May, cultivation has taken place over a total of 182.9 thousand

Three neighbours – one Belt & Road

Kaisun Holdings Limited and China Railway Engineering Construction Mongolia have signed an agreement for the construction of the Mongolia Choir Railway Platform. This project opens up logistic opportunities along the China, Mongolia and Russia corridor by providing full supply chain

Mongolia’s GDP growth reaches 17 percent

In the first quarter of 2019, Mongolia’s Gross Domestic Product (GDP) rose to MNT 3.5 trillion and increased by MNT 279.9 billion in comparison to the 2010 figures. The growth was contributed by increases in the non-manufacturing sector by MNT

Corruption probe starts into OT “Dubai Agreement”

Known as the Dubai Agreement, a 2015 expansion deal for the Oyu Tolgoi copper and gold mine, has been under scrutiny by a parliamentary working group. Very senior figures were involved in signing the agreement, the transparency of which has