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Mongolia Economic News

D.Gankhuyag: Petroleum price increases could have been larger
Wed, 23 Jan 2013 08:01:23 +0000

By B.KHASH-ERDENE The Minister of Mining, D.Gankhuyag, has submitted to the Speaker of Parliament Z.Enkhbold proposals to make changes to the Special Approval for Industry and Enterprises Operations Law, and to the law concerning …

Forum on the draft Mineral Law held
Mon, 21 Jan 2013 08:23:53 +0000

By B.KHASH-ERDENE To discuss the much criticised and publicised draft Mineral Resource Law, senior advisor to the presidents, P. Tsagaan initiated the discussion held yesterday morning at the president?s civil hall. The forum was …

Mongolian Macro Economic Evaluation for 2012
Sun, 20 Jan 2013 08:30:36 +0000

By B.KHASH-ERDENE The National Statistical Office of Mongolia released their preliminary socio economic situation evaluation on Monday. The following are their findings. According to the preliminary estimates, GDP by production ap…

Mongolia?s Economic Freedom ranks 75th from 177 countries
Wed, 16 Jan 2013 11:19:25 +0000

By B.KHASH-ERDENE The Index of Economic Freedom 2013 was published by The Wall Street Journal and The Heritage Foundation and Mongolia scored 61.7, which makes it the 75th economy out of 177 countries evaluated. This is a slight i…

Residential Verification Required to Buy Storage Meat
Mon, 14 Jan 2013 07:27:27 +0000

By B.KHASH-ERDENE During harsh winters and spring where blizzards occur, the capital city experiences a shortage of meat which jumps meat prices to the sky. To prevent this, meat is stored to ease the meat price fluctuation. Last …

Business Council of Mongolia: New Mineral Law threatens foreign investment
Fri, 11 Jan 2013 10:01:07 +0000

By B.KHASH-ERDENE Mongolia?s vast deposits of mineral resource could soon be governed by a resource nationalist regulatory framework, if a new draft of the country?s Minerals Law is passed in its current form, says Mongolia?s larg…

Prime Minister?s Bond Policy Criticised
Wed, 09 Jan 2013 08:19:56 +0000

By B.KHASH-ERDENE Currently, the mongolian government has 6.7 trillion MNT in debt. In the last twenty years, the government has lent around three trillion MNT. On June 2012, the Development Bank released bonds worth 580 million U…

Economist Intelligence Unit Forecasts Mongolia as the Second Fastest Growing Economy
Mon, 07 Jan 2013 05:20:31 +0000

By B.KHASH-ERDENE Mongolia is expected to be the second fastest growing economy in the world with 13.5 percent GDP rise in 2013, according to the latest estimations by the Economist Intelligence Unit (EIU). EIU is an independent b…

Magnai Trade Increases Retail Price of Fuel Again
Sun, 06 Jan 2013 04:36:07 +0000

By B.KHASH-ERDENE When the New Year started, fuel importer Magnai Trade increased their retail price by 50 MNT in addition to the previous increase of 50 MNT. Just few days before this, the head of the Fair Competition and Consume…

Fuel Prices Rose Despite Government Loan to Fuel Importers
Thu, 27 Dec 2012 05:53:34 +0000

By B.KHASH-ERDENE The Fair Competition and Consumer Protection Authority announced on Monday that the fuel prices are going to increase by 50 MNT, this despite the soft loans issued by the Mongolbank to stabilize petroleum prices.…

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