IMF delays Mongolia bailout payment after Govt ousting 2017-09-19 14:58

The International Monetary Fund (IMF) will delay disbursing bailout funds to Mongolia after the country’s prime minister and Cabinet were toppled in a parliamentary no-confidence vote last week, the fund said on Thursday. Cash-strapped and debt-ridden Mongolia was granted a $5.5 billion res..


Why we need to think beyond GDP? 2017-09-07 14:03

Over the last few thousand years, humans have made significant progress in all walks of life despite occasional hiccups where they have faced wrath of the nature. Largely progress has been continuously measured in Gross Domestic Product (GDP) and its variants.  Despite emergence of wide var..


RF Transport Minister Maxim Sokolov: Vostochny Port is ready to handle cargo from Mongolia 2017-09-07 12:27

Vostochny Port is among the most prepared platforms for the development of port infrastructure  able to handle cargo transiting from Mongolia to the markets of the South-East Asia and APR, RF Transport Minister Maxim Sokolov has said on 5 September 2017, when visiting Vostochny Port JSC, part..


Free trade zone between EAEU and Mongolia can be created in 2018 2017-09-07 12:14

The conclusion of an agreement on a free trade zone between the Eurasian Economic Union (EAEU) and Mongolia may be held already in 2018, Russia’s Natural Resources Minister Sergey Donskoy told TASS on the sidelines of the Eastern Economic Forum. He also co-chairs the intergovernmental commi..


KAMCO to Conduct Financial Consulting Project in Mongolia 2017-09-04 11:05

The Korea Asset Management Corporation (KAMCO) and Financial Access (FA), which is a financial consulting firm headquartered in the Netherlands, have been selected as the preferred bidder for the Asian Development Bank’s consulting project for the recovery and stabilization of the banking in..


Gross domestic products increases 2017-08-17 14:51

According to the National Statistics Office of Mongolia, GDP by production approach reached MNT 12.8 trillion at current prices and MNT 7.6 trillion at 2010 constant price in the first half of 2017, up 16.8 percent at current prices and 5.3 percent at constant prices compared to same period of the..


Gross Industrial Output rises 2017-08-16 11:34

The National Statistics Office of Mongolia reports that in the first 7 months of 2017, the gross industrial output reached MNT 6.9 trillion, showing an increase by MNT2.0 trillion or 40.3% from the same period of the previous year.  The main factor of this increase was due to mining and quar..


National Statistics Office reports country’s price index 2017-08-16 11:09

In July 2017, the national consumer price index across the country was not changed compared with the previous month, increased by 4.2% compared with the end of previous year and by 3.4% compared with the same period of 2016.  This change of 3.4% from the same period of the previous year was ..