Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of the Mongolian Mortgage Corporation HFC LLC and other ratings that are associated with the same analytical unit. Since 1 January 2019, Moody’s practice has been to issue

Fabienne Fong Yan, a writer from Lonely Planet travelled in Mongolia in order to explore a tribe of reindeer herders. She arrived in Mongolia, the Land of the Eternal Blue Sky, in October.

She was met at the airport of Ulaanbaatar

Mongolia’s busiest road, connecting the capital city of Ulaanbaatar with the third largest municipality of Darkhan, will not be opened this year. The modernisation work on the 202-kilometer highway started in June, 2019. According to Minister of Road and Transport

Mongolia plans to repatriate some 3500 of its nationals with 14 charter flights from pandemic-hit countries this month. Earlier today (6 August), A MIAT Boeing aircraft landed at Buyant-Ukhaa international airport repatriating 168 Mongolian nationals from the Indian capital of

State-owned Erdenet Mining Corporation halts production once a year for major repair, maintenance and cleaning. Therefore, Mongolia’s biggest ore processing plant stopped its production for two days between 31 July and 2 August. During the two days stoppage, a total

The Central Bank of Mongolia (Mongol Bank) reported today (5 August) that it had purchased a total of 11.3 tonnes of gold in the first seven months of this year. Purchasing gold is one of the key tools for the

A Boeing aircraft belonging to MIAT, Mongolian Airlines with 260 Mongolian nationals including 5 children on board is currently flying from Takoma Airport in Seattle to Ulaanbaatar. The evacuation charter will land at Buyant-Ukhaa Airport later today (5 August).

This is

Mongolian crane rental company Sonoforte Group has taken delivery of the first new Tadano All Terrain crane to be delivered in the country with a 220 tonne ATF 220G-5. The two engine, five axle ATF 220G-5 has a 68 metre

Earlier today (5 August), 14 peacekeepers were discharged from the National Centre for Communicative Diseases after having fully recovered from the coronavirus infection.  Mongolia repatriated 62 peacekeepers from Afghanistan on 12-14 July after some of them had contacted coronavirus. Therefore,

Mongolia’s budget deficit currently stands at 9.8 percent of gross domestic product (GDP) amid the coronavirus crisis. According to Finance Minister Ch.Khurelbaatar, in the amendment to the 2020 State Budget, deficit would be MNT 3.8 trillion.

The budget revenue fell by