Home » Economy
Economy
Mongol Bank raises interest rate
Apr. 19 | Mongol Bank has decided to increase the interest rate by half a percentage point to 13.25 percent and the required reserve rate by 1 percentage point to 12 percent. This was the second time the central bank has raised interest rates in recent months. The...
Prime Minister receives Prince Michael of Kent
Apr. 17 | His Royal Highness Prince Michael of Kent has arrived in Mongolia on the 14th of April at the invitation of Mongolian Prime Minister S.Batbold. Today, Prince Michael of Kent was received by S.Batbold, Prime Minister of Mongolia. The Prime Minister thanked...
Rapidly Growing Mongolia Hopes to Avoid Overheating
Mar. 14 | Mongolian Prime Minister Sukhbaatar Batbold said a tight monetary policy and budget discipline will check the rate of inflation and prevent Mongolia’s economy, one of the world’s fastest-growing, from overheating. Buoyed by a wave of foreign...
Prime Minister S.Batbold visits Japan
Mar. 12 | Japan and Mongolia are expected to agree to launch negotiations on a bilateral free trade agreement when their leaders meet Monday, as the two countries mark this year the 40th anniversary of the establishment of diplomatic ties. Prime Minister Yoshihiko...
Mongolian Economic Forum will start today
Mar. 5 | Third Mongolian Economic Forum initiated by the Prime Minister of Mongolia starts today, March 5, 2012 at the Parliament House. The Economic Forum will be held for two days and more than 1000 local and foreign delegates will discuss about the role of...
Mongolia’s boom economy risks overheating
Feb. 29 | High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. Mongolia, one of the fastest-growing economies in the world, is at risk of overheating and faces growing...
Mongolia coal rail plans delayed on financing issues
Feb. 12 | Mongolia’s ambitious plan to build a railway network capable of delivering its surging coal output to foreign markets is likely to be delayed as a result of financing difficulties and bureaucratic deadlocks, government officials said on Friday. Purevbaatar...
Report Highlights Six Steps to Help Developing Countries Avoid the “Resource Curse”
Feb. 6 | Six building blocks can help lift some of the least developed countries in the world out of poverty by harnessing their mineral wealth, according to a new report published jointly today by the World Economic Forum and The Boston Consulting Group. The...
50 thousand people will take part in demonstration
Jan. 19 | On 20th of January, the Confederation of Mongolian Trade Unions (CMTU) will organize demonstrations against price increase on products and goods. The demonstration will be held at noon and Confederation of Mongolian Trade Unions, Trade Unions of 13 sectors...
