Economy

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

2020 оны аравдугаар сарын 9 · 1 мин уншина

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.

2020 оны аравдугаар сарын 6 · 1 мин уншина

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

2020 оны наймдугаар сарын 18 · 1 мин уншина

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,

2020 оны наймдугаар сарын 11 · 1 мин уншина

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

2020 оны долоодугаар сарын 30 · 1 мин уншина

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

2020 оны долоодугаар сарын 28 · 1 мин уншина

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,

2020 оны долоодугаар сарын 23 · 1 мин уншина

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

2020 оны долоодугаар сарын 21 · 1 мин уншина

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

2020 оны долоодугаар сарын 16 · 1 мин уншина

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

2020 оны долоодугаар сарын 14 · 1 мин уншина