Economic Archives - Page 93 of 95 - News.MN

Oyu Tolgoi – the lynchpin of the Mongolian economy

Mongolia attracted foreign direct investment worth USD 661.8 million during the first quarter of 2018, up by 7.5 percent year-on-year.

In a statement from the Central Bank of Mongolia, over 90 percent of  foreign investment goes to the Oyu Tolgoi copper-gold

Neighbourly cooperation: ‘Transit Mongolia’ Forum

The ‘Transit Mongolia 2019’ forum has been held at the Shangri La Hotel in Ulaanbaatar. The event aims at increasing the volume of transit freight through Mongolia. The subject is extremely important to Mongolia, as it is wedged between Russia

Seoul-based investment company opens subsidiary in Mongolia

Seoul-based investment company Rhinos Asset Management said on 4 June that it had opened a wholly-owned overseas subsidiary in Mongolia the day prior. This marks the first time that a foreign entity has begun to operate an asset manager in

Hunnu Air leases Embraer E-190 aircraft

CDB Aviation has delivered an Embraer E-190 aircraft to Mongolia’s Hunnu Air to support the carrier’s domestic and regional operations. It is part of a fleet of four leased E-190s from CDB based on an agreement first announced in February

EU supporting Mongolian yak and wool production

An EU-funded initiative is to support the development of the yak and camel wool trade in Mongolia, helping to improve access to international markets and the formation of partnerships with foreign companies.

A meeting of the TRAM project – Trade Related

World Bank: Mongolia’s Central Economic Corridor still underdeveloped

Mongolia’s Central Economic Corridor (CEC), the key transportation network connecting China and Russia through Ulaanbaatar, offers promising opportunities to bring Mongolian agricultural products to world markets and to diversify the country’s exports away from mining resources. Still, according to a

ADB to develop ecotourism in Mongolia

The Asian Development Bank (ADB) has approved USD38 million in loans to develop ecotourism in the Khuvsgul Lake National Park and Onon-Balj National Park to serve as models for economically inclusive development and conservation in Mongolia.

The lending marks ADB’s first

Mongolia buys agricultural machinery from China

Mongolia received agricultural machinery from China on Thursday. This is being covered by a soft loan from the Chinese government.

Chinese Ambassador to Mongolia Xing Haiming said that the machinery, provided within the framework of a project on promoting agricultural production