Newsletters

2020 Sees Uncertain Start for Foreign Investment
January 10, 2020 by

Click here to view the original Newsletter! 2020 begins in Mongolia with a sense of uncertainty as movement in two separate branches of government raise concerns about the progress of the Oyu Tolgoi mine underground phase. In November last year, a judgment of the Capital Administrative Court found to be invalid a
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Parliament Calls for Revisit of Key Oyu Tolgoi Agreements
November 29, 2019 by

Click here to view the original Newsletter! The biggest news in Mongolia this week is the resolution approved by Parliament Friday, November 21. The purpose of the resolution is to better protect the rights and interests of Mongolian people in connection with mining operation at the Oyu Tolgoi mining project. The resolution was approved unanimously via vote of 46 members
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European Bank for Reconstruction and Development Cooperation
November 15, 2019 by

Click here to view the original Newsletter! President of the European Bank for Reconstruction and Development (EBRD) visited Mongolia this week. Sir Suma Chakrabarti met with the Prime Minister of Mongolia, and with the President. The EBRD has contributed EUR 1.7 billion to Mongolia’s development and promotion of the Mongolian private sector over the past 20 years. EBRD and Mongolia have
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Government Presents Plan for Livestock Industry
November 1, 2019 by

Click here to view the original newsletter! The 2019 Mongolian Economic Forum is hosted this week by the Mongolian National Chamber of Commerce and Industry (MNCCI) and co-organized by the Mongolian Economic Forum (MEF) NGO, Mongolian Business Council, and the CEO Club. This year’s forum takes a closer look at issues within the overall theme of “National Interest”. The organizers
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Mongolia Economy Increasingly Stable
October 25, 2019 by

Click here to view the original Newsletter! Government ministers and industry magnates met this week for the “Investment Climate: Stability” conference, hosted by the Bank of Mongolia, International Finance Corporation, and the National Development Agency. The conference was organized with the goal of facilitating a more attractive and stable investment environment for foreign capital in Mongolia.
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The State of Mongolia’s Business Competitiveness
October 18, 2019 by

The World Economic Forum (WEF) released it’s 2019 Global Competitiveness Report this week. Unfortunately, Mongolia’s ranking in the report dropped 3 places to 102 out of 144 countries subject to the study.
Mongolia scored 52.6 overall in the annual assessment based on WEF’s Global Competitiveness Index (GCI), which maps the competitiveness landscape of economies through 103
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Mongolia and India Expand Economic Cooperation
September 27, 2019 by

Over the previous week, President Kh.Battulga met with Indian Prime Minister Narendra Modi in Republic of India. The meeting comes as a continuation of cooperation established when Mr. Modi visited Mongolia in 2015, when the two sides agreed to coordinate on establishment of an oil refinery in Mongolia. Construction of the primary infrastructure connected with the refinery, including railway access
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Businesses Prepare for Mongolia-China Expo
August 16, 2019 by

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

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

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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