All Articles

Daniel Worrall: There are three immediate priorities for Rio to resolve with the Government of Mongolia

“Mongolian Economy” interviewed Daniel Worrall, Rio Tinto Country Director for Mongolia to talk about the latest developments at the company . – Mr Daniel, You have lengthy experience of working in developing countries. Since you left a senior position with ExxonMobil and coming to Mongolia, w

G.Amgalanbayar: The Mars project has many benefits for investors

‘Mars On Earth’ international hybrid online conference is to be organized on November 13, 2020 at the State House in Mongolia. Welcoming the event, Mongolian Economy Magazine spoke with G. Amgalanbayar, Mars-V Project Executive Director. -What kind of message do you intend to give to the society wit

The hygiene hypothesis: Immunity in Mongolian children

As the world of medical science progressed, infant mortality has nearly gone extinct in the developed world. In the meanwhile, children in developing countries do not grow up in properly sanitized environments. In rural Mongolia, toddlers sit and crawl on grass and dirt outside their ger dwellings,

Philippe Merlin: I am struck by Mongolia’s huge potential

Mongolian Economy Magazine spoke with Philippe Merlin, Ambassador of France to Mongolia, about the relationship between France and Mongolia amid pandemic and opportunities for Mongolia. -It has been two years since you were appointed as French Ambassador to Mongolia. How would you describe Mongolia

P.Gankhuu: The message of “Erdenes Mongol” being the most influential company in Mongolia has reached to a global audience

E.Enkhbayar: Japanese consumers prefer simple designs and high quality products

E.Enkhbayar is the founder of the Pax Mongolica startup company. The company is currently working on a project that exports Mongolian products to Japan through e-commerce. -Mongolian products are currently being exported to a lot of different economies. Japan is the 5th largest economy in the world.

A leap development of foreign relations in thirty years

The current foreign policy is the legacy of foreign policy that was formed after the reconstruction that took place in Mongolia and the Soviet Union in the second half of the 1980s. Thus, the Mongolian foreign policy should be seen as a thirty-year of persistent effort and creativity. D. Bayarkhuu I

Opportunity to make up for defects

Mongolia began a digital transition using electronic ID cards to all citizens more than 10 years ago. The introduction of e-ID, which recognizes faces and fingerprints and contains all personal information, has created a reliable database for government agencies such as suffrage, taxation, customs,

Mongolia in the digital age project

The Digital revolution is radically transforming lives and livelihoods. Technological advancement is essential for the development of the Mongolian economy and society. Indeed, technology can create further opportunities that could become the backbone of our economy. The fact that the Mongolian popu

Arvo Ott: We conclude that current level of Mongolian digitalization is relatively good

Delegations from the Estonian e-Governance academy had visited state agencies for further cooperation last February. During their working visit, the Mongolian Economy interviewed Mr. Arvo Ott, Chairman of the Management Board of e-Governance Academy and Heiko Vainsalu, Consultant in Roksnet Solution

Heartbeat of the Mongolian economy

In 2011, the Mongolian GDP growth reached 11.5 percent which seemed shockingly high to the rest of the world. Some people still proudly talk about this growth. However, in reality, it was a lesson rather than an accomplishment. The dramatic growth was the result of the Investment Agreement concluded

B.Enkh-Amgalan: Several economically significant infrastructure projects are underway

The Mongolian Economy magazine spoke with B.Enkh-Amgalan, the Minister for the Road and Transport Development, about major development projects and policies implemented by the Ministry in the last four years. -How would you evaluate the policies and projects implemented by the Ministry of the Road a

Economy History of Democratic Mongolia: From Liberalism to Populism

Ch.Otgochuluu Economist During socialism, the price used to be stable in Mongolia. That is the reason why goods were named after its price, for instance, there were the nine-mungu cooking oil, tugrik-twenty bread, and tugrik-seventy bread. Mongolia transitioned to democracy before the Soviet Union,

Stormy 30 years

Mining is the only sector that has been carrying the country’s economy for 30 years. In the 1990s there was no choice but to turn mining into the locomotive of the economy. At the time when the government had no money for the acquisition of basic goods, not to mention salaries and pensions, th

Ch.Gankhuyag: Mongolia shouldn’t hide like ostrich, burying its head in sand

Mongolian Economy sat down with Ch.Gankhuyag, CEO of Ard Financial Group which issued Mongolia`s very first cryptocurrency, ArdCoin to talk about a shift to digital currency and why this shift is important to us. -How would you formulate the digital currency revolution? -Digital currency is not a co

Pillar of inclusive growth

The privatization of livestock animals set out the foundation of the co-existence of democracy and nomadic culture. A herder’s interest to raise livestock animals, capture the economic benefits and supply to both international and domestic markets can create a rich middle class with democratic value

Beyond liberalization

Let’s take a look at the development of civil aviation in Mongolia. MIAT Mongolian Airlines began providing international flight services with Tu-154 aircraft leased from the Soviet Union in 1987. It was a historically significant event for the Mongolian air transport sector. Following the expansion

T.Lkhagvadorj: Geographically apart Mongolia and Singapore brought closer by digital business opportunities

On the occasion of the 50th anniversary of the diplomatic relations between Mongolia and the Republic of Singapore, Mongolian Economy magazine brings you the interview of the Mongolian Ambassador to Singapore, T.Lkhagvadorj. The interview was conducted at the “The Mongolia-Singapore Business Discuss

Master of thousand skills

On the eve of the last day of the lunar month, when Mongolians were busy preparing for the Tsagaan Sar (White Moon Festival), I was heading home with the constant thought, “Who are the Mongolian herders of XXI century?” This baffling question would certainly expose many inaccurate assumptions and ma

Religion

Mongolians have a reputable history of having an open-minded attitude towards all religions. Historical records reveal that there were 12 Buddhist temples, 2 Islamic mosques, and a Christian church In the capital city of the Great Mongol Empire Karakorum and under the rule of Munkh Khaan, the grands