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“Mongolian Economy” magazine spoke with US Ambassador to Mongolia Michael Stanley Klecheski on economic and business relations, especially the investment environment. -Thank you, Mr. Ambassador, for accepting our invitation. To begin our interview, I would like to ask you to share with o
2022 оны хоёрдугаар сарын 17 · 1 мин уншина
The Ministry of Economy and Development has adopted its operational strategy, organizational restructuring program, structure, and staffing limits, and decided to establish a Foreign Investment and Foreign Trade Agency under the Ministry. The new agency will implement a lot of significant work, such
2022 оны хоёрдугаар сарын 17 · 1 мин уншина
The opening ceremony of the Oyu Tolgoi underground mining took place today. Mongolian Prime Minister, L.Oyun-Erdene and the CEO of Rio Tinto, Jacob Stauscholm attended the opening ceremony and they gave the first blast signal of the underground mine. 80% of the total reserves of the Oyu Tolgoi depos
2022 оны нэгдүгээр сарын 25 · 1 мин уншина
We interviewed Mr. Carl Krug, Senior private sector development expert to the EU-Trade Related Assistance to Mongolia (TRAM) Project, on the outcomes of the project and opportunities in the development of non-mining export. -Can you give us a brief information on the initial objectives of the EU-TRA
2021 оны арван хоёрдугаар сарын 30 · 1 мин уншина
Despite significant challenges facing Mongolia’s economic and financial markets amid the COVID-19 pandemic over the past years, market capitalization, trading volumes, and index, have all recently reached historically high levels. Market capitalization reached MNT 4.0 trillion last month, and
2021 оны есдүгээр сарын 9 · 1 мин уншина
Numerous business sectors have been hard-hit by the pandemic lockdowns, particularly services, restaurants, pubs, hairdressers, and gyms, but none were hit as hard as the tourism sector, which has seen almost no revenue since the beginning of the pandemic. The World Tourism Organization’s ( UNWTO )
2021 оны долоодугаар сарын 5 · 1 мин уншина
Abstract After the internet era, mobile usage became popular around the world providing a new solution for payment systems and an alternative for traditional financial services. Along with rapid development of fintechs, government and central banks are also making changes on some fiscal rules and re
2021 оны тавдугаар сарын 10 · 1 мин уншина
During the pandemic, one of the government’s decisions to support people and companies was discount of the electricity and heating payment due until July 1, 2021. The interview was with Mr. Sukhbaatar Ts., the Chairman of the Mongolian Energy Association, about whether this was the right decis
2021 оны хоёрдугаар сарын 22 · 1 мин уншина
The Mongolian Economy spoke with D.Enkhbat, a founder of Karakorum Digital Academy, about the technological development and digitalization process in Mongolia. -How would you describe the past progress of digitalization? For example, were digital services focused on reducing administrative costs rat
2021 оны нэгдүгээр сарын 21 · 1 мин уншина
Mongolian Economy magazine spoke with Iskander Azizov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Mongolia -Could you tell us about the key projects implemented by Russia and Mongolia at the moment? -The earliest and most important project is the Russian-Mongolian join
2021 оны нэгдүгээр сарын 17 · 1 мин уншина