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World Bank: SMEs contribute around 5.5 percent of Mongolia’s GDP

Mongolia has an opportunity to strengthen its business environment to create a more level-playing field for companies, particularly small and medium enterprises, (SMEs) and facilitate a more productive private sector beyond the mining sector, according to a World Bank report.

Establishing

Khan Bank successfully raises 20 million USD in long-term funding

Khan Bank has successfully concluded financing agreements with two funds managed by Developing World Markets (DWM) for 12 million USD and long-term financing agreements with four funds managed by responsAbility Investments AG for 8 million USD, obtaining a total of

Mongolia raised policy rate to 13 percent

Mongolia’s central bank raised its benchmark interest rate to 13 percent. The increase brings the policy rate to its highest level since late 2017.

The interest rate hike aims to stabilize the rate of inflation in the medium term, maintain the

A Centuries Old Mystery

Mongolia is steeped in rich, ancient culture. One of the most fascinating discoveries made in Mongolia is that of their mysterious deer stones. These deer stones are estimated to be at least 2,700 years old and depict several images, including

France partnering closely with Mongolia on nuclear technology

This year marks the 57th anniversary of the establishment of diplomatic relations between France and Mongolia. ‘We share our understanding of the importance of freedom, open society and democratic rule; and we share an appetite for cooperation, connectivity, exchanges’ said 

Kyrgyzstan to learn from Mongolia for tackling air pollution

Kyrgyzstan’s MP Emil Toktoshev said that the country must learn from Mongolia which solved air pollution within 2 years, at plenary session of the Parliament of on 14 December. Mongolia developed a National Program to Reduce Air Pollution, which was

A former President, current MPs and CEOs named as ‘coal thieves’

Mongolia’s Anti-Corruption Agency announced yesterday (13 December), names of 17 individuals who involved in a coal theft scandal which caused two week long demonstration in Ulaanbaatar, the country’s capital city. Following officials were directly or indirectly involved in the theft

Mongolian junior chess players won 14 medals

Mongolian junior chess players won 14 medals at the Asian Schools Chess Championships. The the 16th edition was held from in Kalatura, Sri Lanka on 3-11 December.

A total of 410 athletes from 13 countries took part in the tournament.

22 juniors,

Mongolia’s top coal company to brace for international audit scrutiny

For the ninth day, Mongolians are protesting at Sukhbaatar square against the “coal mafia”, led by ex-President Kh.Battulga who have apparently robbed the public purse of billions of dollars. Today (12 December), Mongolian Cabinet has held irregular meeting and Kh.Nyambaatar,

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