Household income increases by 5.2% 2017-05-17 17:57

  The results from the first quarter of the 2017 Household Socio-Economic Survey reveals that average monthly household income stood at MNT 893.300, an increase by MNT 43.900 (5.2%) compared to the same period of the previous year, the National Statistics Office reports.     It w..


EBRD and EU help boost Mongolian health sector 2017-05-12 10:15

The European Bank for Reconstruction and Development (EBRD) is supporting the development of the health sector in Mongolia under its Small Business Initiative. The EBRD on 19 April 2017 held a sector development seminar for more than 50 companies from the health sector. The event engaged internat..


State Commission to receive the Khushigt Valley International Airport 2017-01-03 16:45

The construction of the new international airport at Khushigt Valley began in June 2013 with funding from Japan's JICA. Japanese companies Azusa Sekkei and Oriental Consultants worked as advisors, with professional engineers monitoring the construction process. Samsung C&T worked as the subcon..


Mongolia is leading the world in terms of rate of liver cancer 2016-05-23 11:29

Mongolian Economy magazine №09 (111) Leading enterprises The Government of Mongolia and the Mongolian National Chamber of Commerce and Industry cooperated to produce the list of Top 100 enterprises for the 15th time. Oyu Tolgoi LLC and Erdenet Mining Corporation led this list, which ranks the to..


Global Oil Prices Fall; No Effect on Prices at the Pump in Mongolia 2015-06-04 11:01

The price of oil in the global market, benchmarked by WTI, has been decreasing since July 2014 when it was at USD 107. As of March of this year, the price per barrel had dropped to USD 43, and as of May 9, it was at USD 59 (USD 442 per tonne). Plunges in oil prices have occurred four times in the ..


World Bank report on Mongolian and East Asian urbanisation 2015-01-29 16:13

This week the World Bank released a report detailing the vast extent of urbanisation and migration to urban areas in East Asia from 2000 to 2010. Nearly 200 million people moved to cities throughout the region during the decade, with total urban population up 29 percent since 2000. With 42 million..


Most Mongolians believe country headed in wrong direction 2015-01-23 13:06

A new survey commissioned by the American Chamber of Commerce in Mongolia, USAID, and the Business Plus Initiative, has concluded that there is an overall negative perception of the business environment in Mongolia. The survey posed questions to a sample of 1,500 adult Mongolian citizens in Novemb..


Public sector corruption hampers private sector 2014-11-04 14:13

Nearly half of the companies surveyed (43.3 percent) in the fifth Study of Private Perceptions of Corruption (STOPP) reported that corruption in the public sector is affecting them directly.   The Asia Foundation and the Sant Maral Foundation released the study on Mongolian corruption  ..