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.
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.
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.
Earlier today (21 August), the Mongolian Cabinet took the decision to suspend a total of 23 mining licenses of 19 companies over failure to meet environmental obligations.
Interestingly, 1 of the 23 mining licenses were held by ‘Mongol Gazar” LLC which
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