Economic Archives - Page 81 of 95 - News.MN

Mongolia provides mortgages to 95,000 people

According to the Mongolian Mortgage Corporation (MIC), a total of 95,000 people have received mortgages since 2013.

The Mongolian government started implementing a mortgage loan programme in 2013 to increase the affordability and accessibility of apartments for urban residents, particularly young

Russia’s Trans-Mongolian Pipeline – idea revisited by Putin

Russian giant Gazprom said on Tuesday that it transported a small cargo of liquefied natural gas (LNG) by rail to Mongolia in November. This represents the first such deal. Russia also launched a the long-awaited “Power of Siberia” gas pipeline

Investment in happiness

At around 10:30 a.m. I arrived at the National Cancer Center, and my doctor’s appointment ticket number showed 144, which reminds there are 47 people queuing before me. Suddenly the anxious memories of me coming here for the first time

Korean bank to finance construction of apartments in UB

Today, over 60 percent of Mongolians live in cities, a rate over 15% higher than the world average. Unfortunately, the city has not been able to accommodate such growth, and as much as 60 percent of the city’s residents live

Improving the Oyu Tolgoi development agreement

The expansion of Rio Tinto’s Gobi Desert copper mine will “not be stopped” but the Mongolian government will seek to “improve” the terms of the investment agreement behind the delayed project. D.Sumiyabazar, Minister of Mining and Heavy industry, told a

Getting off the “Grey List”: ADB to help Mongolia

The Asian Development Bank (ADB) will cooperate closely with Mongolia to remove the country from the Financial Action Task Force’s (FATF ) “grey list”, Pavit Ramachandranthe, the ADB’s new country director for Mongolia, said on Monday.

Ramachandran made the remarks during

Mongolian parliament approves revised Law on Natural Resources

The Constitutional Court of Mongolia has revoked some articles of the Law on Natural Resources which have resulted in the loss of MNT 1.3 trillion revenue to the 2020 State Budget, reported Finance Minister Ch.Khurelbaatar. Earlier today, the Mongolian parliament

Mongolian army builds ‘refinery road’ in Gobi

A road connecting the city of Sainshand in Dornogobi Province and the country’s first oil refinery has been completed.  Nearly 200 soldiers from the Mongolian Army’s 7780th Unit have been laboring on the 17.5 km long which can take heavy