The Mongolian Central Bank bought a total of 9.6 tons of gold from legal entities and individuals in first eight months of 2019; this represents a decrease of 2.5 tons or 21 percent on the previous reporting period.

The Bank of

Earlier today (29 August), S.Amarsaikhan, Mayor of Ulaanbaatar held a meeting with Ms.Irina Kravchenko, Head of Resident Office of the European Bank of Reconstruction and Development in Mongolia and Ms. Svetlana Radchenko, EBRD Senior Banker in charge of infrastructure affairs.

At

On Wednesday (28 August), an extended meeting was held over the construction of the highway between Ulaanbaatar and Darkhan. The meeting was attended by the officials responsible for project implementation, the general contractors, the subcontractor and other stake-holders.

At the meeting,

Mongolia possesses a liberalised and competitive telecoms market served by multiple competing players, reports Research & Markets.

The growing popularity of mobile broadband has underpinned overall broadband and telecoms growth. This trend is consolidating Mongolia’s position as a mobile first telecoms

The Ulaanbaatar Railway Joint Stock Company has announced that the monthly salaries of all its employees will be raised by 10 percent from 1 September. The company has raised the monthly salaries for three consecutive years. Furthermore, the annual bonuses

Mongolia produces a third of the global supply of cashmere; this is an important source of revenue making up 40 percent of the country’s nonmineral exports.

Mongolian cashmere producers have been participating in the Apparel Textile Sourcing Canada-2019; particular mention can

According to statistics from the Ministry of Environment and Tourism, Mongolia received a total of 215780 tourists in the first half of the 2019; this represents an increase of 6.48 percent or 13,132 people on the same period last year.

The

At Wednesday’s session, the Mongolian Cabinet discussed establishing an eco-zone at the Khuvsgul Lake National Park with the assistance of the Asian Development Bank; it also decided to limit the number of tourism licenses for the area.

Khuvsgul Lake holds 70