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Category - 2020-02-21

OYU TOLGOI TO PROCEED TO INTERNATIONAL ARBITRATION ON TAX DISPUTE

On February 20, Turquoise Hill Resources announced that Oyu Tolgoi LLC (Oyu Tolgoi) has been unable to reach a...

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Category - 2020-02-21

ASIAN PRODUCTIVITY ORGANIZATION (APO) RELEASES REPORT ON STRENGTHENING THE MONGOLIAN PRODUCTIVITY ORGANIZATION AND INCREASING PRODUCTIVITY WITHIN MONGOLIA

 In a newly released report, the Asian Productivity Organization (APO) recommends how the Mongolian Produ...

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Category - 2020-02-21

GENERAL BUDGET REVENUE AMOUNTS TO MNT 67.2 BILLION IN JANUARY

In January, state budget revenue reached MNT 67.2 billion which had a deficit in 2019. Budget revenue increa...

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Category - 2020-02-21

WORLD BANK: MONGOLIA NEEDS TO CONTINUE STRENGTHENING FISCAL POLICY

The World Bank announced Mongolia’s Economic Review Report on Friday. The country’s economic growt...

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News - 2020-02-21

FITCH: MONGOLIAN GROWTH REVISED DOWN DUE TO COVID-19 RISKS

In light of the worsening economic outlook due to the Covid-19 outbreak, we at Fitch Solutions have revised ou...

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News - 2020-02-20

ADB TO WORK ON EXPANDING ITS COOPERATION IN NEW FIELDS

Mr. Pavit Ramachandran, the ADB new country director for Mongolia has taken his office. As the head of th...

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News - 2020-02-19

MONGOLIA’S ECONOMY GROWS UP BY 5.1 PERCENT IN 2019

Mongolia’s economy grew up by 5.1 percent in 2019, reports the National Statistics Office. Economic grow...

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News - 2020-02-19

NON-PERFORMING LOANS IN BANKING SYSTEM INCREASED BY 0.6 PERCENT

At the end of January 2020, the total amount of outstanding loans to entities, enterprises and citizens amount...

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News - 2020-02-19

DEFICIT IN TRADE BALANCE REACHES USD 14.3 MILLION

In January 2020, Mongolia traded with 116 countries from all over the world and total trade turnover reached U...

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News - 2020-02-19

83.2 PERCENT OF THE SALES OF MINING AND QUARRYING PRODUCTION EXPORTED

By the preliminary results of January 2020, the gross industrial output reached MNT 1.1 trillion, showing a de...

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