Mongolian cashmere producers are planning to stockpile 5000 tonnes of raw material for production this year. They are expected to buy one kilogram of cashmere for MNT 100,000 – thus totaling MNT 456.1 billion.

So, earlier today (19 March), the Mongolian

The sharp fall in crude oil prices, resulting from the Covid-19 crisis, is a huge benefit for Mongolia, said D.Sumiyabazar, Minister of Mining and Heavy Industries. As of yesterday, (18 March) one barrel oil price fell to USD 31.4, thus

Mongolia has extended its ban on coal exports for a second time as the number of coronavirus cases within the country increases.

The first deadline for the border to reopen was 3 March, before being delayed to 15 March late last

Due to the outbreak of coronavirus, Mongolia has postponed all payments for its citizens for three months without any interest or fees. The decision was introduced today (18 March) at a joint press conference by Ch.Khurelbaatar, Minister of Finance and

The UN’s trade and development agency says the slowdown in the global economy caused by the coronavirus outbreak is likely to cost at least $1 trillion. The recent outbreak of the novel coronavirus has affected the global industry logistics system.

The Asian Development Bank (ADB) has reallocated $1.4 million from a health project in Mongolia to procure essential medical equipment for early detection, emergency care, and management of severe respiratory diseases in the wake of the novel coronavirus (COVID-19) pandemic.

The UFE is successfully running online courses from 2015, and always seeking new according to its goal of 2018 to become ‘Entrepreneur, Technology-Based University’. To accomplish this goal and to introduce world standardized high technology in its training activity for

The Central Bank of Mongolia, also know as Mongol Bank, purchased 952.6 kg of gold from legal entities and individuals in February, 2020; this is an increase of tenfold on the same month in 2019. This sharp rise of gold