Newsletters


Businesses Prepare for Mongolia-China Expo
August 16, 2019 by Jacob Blacklock

Click here to view the original Newsletter! Mongolian businesses are getting ready for the third Mongolia-China Expo to be held early next month in China. The expo will be hosted September 6 – 10 in the Inner Mongolian cities of Hohhot, Ulanqab and Tongliao. The expo theme will be Mongolian tourism, agricultural products and mining industry. At least 360 participants have
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Mongolia Economy Growing, but Vulnerable
July 12, 2019 by Jacob Blacklock

Click here to view the original Newsletter! According to a review at East Asia Forum the Mongolian economy is growing steadily, but remains vulnerable to external economic pressures. Mongolia has now entered the third year of the three-year Extended Fund Facility arrangement offered by the IMF in 2017. During this period the Mongolian government has targeted reduction of the budget
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ADB Provides Funding for Ecotourism Development
June 14, 2019 by Jacob Blacklock

Click here for the original Newsletter! The Sustainable Tourism Development Project (STDS) is designed to improve opportunities for tourism in Mongolia and create new avenues for local communities to generate income. Tourism has long been an underdeveloped part of Mongolia’s economic potential. Tourism generated an estimated $1.2 billion in revenue in 2017, making up just over 11% of Mongolia’s
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Diversifying Economy Remains Priority
May 24, 2019 by Jacob Blacklock

Click here to view the original Newsletter! This week the Ministry of Foreign Affairs and the Bank of Mongolia invited 120 representatives to the Foreign Trade and Investment Environment and its Challenges workshop. The workshop focused on expanding Mongolia’s economic output beyond mining products. On May 20 the Executive Director of the World Bank Group met with Speaker G.Zandanshatar to discuss
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Mongolia Marks 30 Years of Cooperation with European Union
May 13, 2019 by Jacob Blacklock

Click here to view the original Newsletter! 2019 is the 30th anniversary of relations between Mongolia and the European Union. May 9 was also “Europe Day”, a day remembered for the beginning of what is now known as the European Union. In recognition of these anniversaries Mongolian news agency Montsame interviewed H.E. Mr. Traian Laurentiu Hristea, Ambassador Extraordinary and Plenipotentiary of
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Invest in Mongolia
March 1, 2019 by Jacob Blacklock

Click here to view the original Newsletter! The Foreign Ministry and National Development Agency have officially opened the “‘Invest in Mongolia’ one-stop service center. The Service Center aims to enable foreign investment, by creating favorable conditions for foreign investors in Mongolia. Key issues the Center hopes to address are in reforming the legal conditions for investment, refine public services, and
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Will Mongolia be a Blockchain Powerhouse?
February 15, 2019 by Jacob Blacklock

Click here to view the original Newsletter! Earlier this week the Cabinet of Mongolia approved a national level policy for the development and growth of the Construction Sector. The plan plots growth targets for the construction sector in Mongolia through 2019 and provides estimates of financial resources required to meet policy goals over that time. The initial stage of the
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Industry: Up, Trade: Up, National Revenue: Up
January 25, 2019 by Jacob Blacklock

Click here to view the original newsletter! The National Statistics Office (NSO) of Mongolia has released preliminary calculations of Mongolia Gross Industrial Output (GIO) growth, and international trade volumes in 2018. GIO is estimated at MNT 15.7 trillion, an increase of 21% over 2017. A major contributor to the large increase was the increase in mining output. Coal mining output is
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Mongolian protests, courtesy New York Times

Protests Close Out Mongolia 2018
January 11, 2019 by Jacob Blacklock

Click here to view the original Newsletter! The biggest story in Mongolia over recent months has been protests in Ulaanbaatar over perceptions of widespread elite corruption. Reuters reports tens of thousands of Mongolians took to the streets in late December 2018 protesting after new revelations. Both of the two
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IFC Plan to Increase Foreign Investment in Mongolia
November 30, 2018 by Jacob Blacklock

Click here to view the original newsletter! The Mongolian National Development Agency met with the International Finance Corporation (IFC) this week in consultations regarding foreign direct investment in Mongolia. The IFC released a report earlier this year focusing on foreign direct investment in Mongolia. Part of the impetus of the report is to assist Mongolia in developing a new investment policy,
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