Mongolian cashmere giant the Gobi Company is implementing a project entitled ‘from Mongolian Herders to World Brand’ in cooperation with the Sustainable Fibre Alliance and the European Bank for Reconstruction and Development (EBRD). The project will last from 2019-2021 and
The Mongolian Immigration Agency reported on Thursday (17 October), that tourist arrivals in the country have increased by 59 percent. A total of 2374 people have been issued with tourist visa for 30 days or more at border crossings through
The rate of the Mongolian Tugrik against the US dollar weakened by 6.6 percent year-on-year in the first three quarters of 2019. The US dollar traded at 2,667.21 against the Tugrik at the end of the third quarter, according to
Prime Minister U.Khurelsukh attended a Mongolian – Kazakh business forum between during the second day of his official visit to Nur-Sultan. Over 60 delegates from Mongolian enterprises and more than 160 businessmen from Kazakhstan participated in the event.
Engineers India Ltd (EIL) will begin construction of the long-awaited oil refinery in Mongolia. EIL, a PSU under the Indian Ministry of Petroleum and Natural Gas, is the project management consultant for the development of the oil refinery.
Save the Children Japan (SCJ) and the World Bank today announced the launch of a USD 2.75 million grant for a project supporting vulnerable young people in rural Mongolia. The project—funded by the Government of Japan under the Japan Social
The Asian Development Bank (ADB) and the Mongolian government have signed loan agreements worth USD 103 million for three projects that will upgrade border checkpoints, complete a district hospital, and scale up road rehabilitation in the country.
The purchase of gold by the Mongolian Central Bank dropped 22 percent from January to September 2019. In total it acquired 11.2 tons of gold from legal entities and individuals.
The bank explained that the drop can be attributed to the
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