Debts totaling MNT 815 billion, granted to pensioners are to be cleared. The National Security Council of Mongolia, chaired by President Kh.Battulga, has decided to write off the loans of all pensioners. The president announced the decision on Tuesday night

Mongolians spend money mostly on food products during the New Year celebration.

According to the latest statistics, one Mongolian household spends an average of MNT 297,590 (about USD 109) on food per month. When the New Year celebration approaches, the spending

The Mongolian economy grew around 7.3 percent year on year in 2019, compared to 1.2 percent in 2016, said Prime Minister U.Khurelsukh in his New Year’s message.

“2019 has been a great year for Mongolia as it has achieved progress in

The UN is now working with the Mongolian state and cashmere farmers to highlight and deliver sustainable cashmere with blockchain.  A pilot with technology provider Covergence.tech used Ethereum-based blockchain technology to interact with over 70 different herders and 8 cooperatives.

The annual number of transit freight trains passing through Mongolia has surpassed 1,000 for the first time.

As many as 1,450 China-Europe freight trains have crossed Mongolian territory since the beginning of this year, according to Ulaanbaatar Railway.

The figure is higher

The World Bank’s Board of Executive Directors approved US$30 million in loan financing for the Mongolia Livestock Commercialization Project on December 13, the WB reported. The project will help improve the health and productivity of livestock and increase value of

Mongolia is to buy 71 fire-engines, along with other much-needed equipment for the National Emergency Management Agency (NEMA), which runs the fire stations across the country. The vehicles will be purchased with a soft loan from the Development Bank of

Mongolia’s Central Bank decided today (20 December) to leave the benchmark interest rate unchanged at 11 percent for the third time. The policy interest rate was increased to 11 percent in November 2018.

The bank decided to keep the national exchange