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New Mongolian PM appoints his Cabinet

“The geopolitical situation is becoming increasingly complex. The government decided to immediately begin work and maintain the continuity of state policy. Therefore, a third of the previous government is retained,” G.Zandanshatar said.

‘Mazaalai’ in Space!

The year 2017 has just become a new landmark date for Mongolian space exploration: at 5.50AM (Ulaanbaatar time) on 4th of June its first satellite, ‘Mazaalai’, was blasted into orbit from the Kennedy Space Centre, Florida atop a Falcon 9 booster.

EBRD finances expansion for Gobi cashmere

In a boost to the local economy the EBRD is extending new financing to Gobi JSC, one of the leading cashmere garments makers in Mongolia. The funding facility, with a volume of up to US$ 16 million, will support the crucial sector and contribute to a more resilient and sustainable economy.

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