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Fitch Revises Outlook on Mongolia to ‘B’

Fitch Ratings has revised the outlook on Mongolia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B’ from B- and affirmed stable. Fitch forecasts that Mongolia’s Real GDP will rise by 5.2 percent by the end of 2018 and by 6.3

Official programme of 2018 Naadam Festival

This year marks the 2227th anniversary of the foundation of the First Mongolian State, 812th anniversary of the Great Mongol Empire and 97th anniversary of People’s Revolution of Mongolia.

Tuesday, 10 July

08.00-11.00: Four-year-old horse (Khyazaalan) race at Khui Doloon Khudag

08.00: Opening

Cheap UB Bike service starts

The ‘UBIKE’ bicycle rental service has been launched in the Mongolian capital Ulaanbaatar. It has been proved by the experience of foreign countries that bike rental services are a concrete way of reducing traffic jams and air pollution, whilst improving

Bank of Mongolia gold purchase increases by 6.0 percent

The Bank of Mongolia purchased 7.1 tons of gold from legal entities and individuals in the first half of 2018 – up 6.0 percent year-on-year.

As of June, the average gold purchase price was 100.042 tugrik (40.66 U.S. dollars) per gram,

New Yarmag Bridge opens

The long-awaited New Yarmag Bridge has finally opened in the 4th Khoroo of Ulaanbaatar’s Khan-Uul District. The construction of the 250 meter, four-lane bridge has lasted for nine months. The construction of the structure and restoration of the Old Yarmag

Mongolia to hold two-day opening ceremony of Naadam Festival

Four fifths of all foreign arrivals in Mongolia are from the two neighbours – Russia and China, said S.Bayasgalan, director of the Tourism Policy Coordination Department. Earlier today, tourism ministers from the three countries met at Ulaanbaatar’s Shangri-La Hotel. In

South Korea eases visa rules for Mongolia

The South Korean Government has approved multiple entry visas for doctors, lawyers and other skilled workers from Mongolia and three other nations. South Korea has so far restricted multiple entry visas to stop illegal immigration. The visa will be valid

Mongolian singer Naki wins ‘Your Face Sounds Familiar’

Mongolia’s ‘Edutainment’ TV has hosted the third season of the vastly popular vocal talent show ‘Your Face Sounds Familiar’. The final competition was held on 8 July. Singer and melodist B.Natsagdorj well known by his stage name ‘Naki’ was crowned

NatGeo picks Mongolia as best summer travel destination

From one of the world’s least population-dense spots in the world, to an island of ‘musical rainforests’ and the African savannah, National Geographic’s picks for the best summer travel destinations offer ideas that extend beyond London and Paris.

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