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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.
October 6, 2020 · 1 min read
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
August 18, 2020 · 1 min read
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,
August 11, 2020 · 1 min read
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
July 30, 2020 · 1 min read
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
July 28, 2020 · 1 min read
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,
July 23, 2020 · 1 min read
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
July 21, 2020 · 1 min read
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
July 16, 2020 · 1 min read
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
July 14, 2020 · 1 min read
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
July 9, 2020 · 1 min read