Economic Updates: Mongolia

Mongolia trading up

Mongolia | 19 Aug 2014

In a bid to lower trade barriers and eliminate Customs duties, Mongolia has struck its first major trade deal with Japan, which could pave the way for a broader network of free trade agreements (FTAs) while also boosting its chances of becoming a trade and logistics hub in the years to come.

Encouraging mining FDI in Mongolia

Mongolia | 24 Jul 2014

Changes to Mongolia’s mining legislation will open up vast new tracts of land for exploration and pave the way for new licence issuances. This should help restore the confidence of foreign investors made wary by government intervention in the sector.

Mongolia secures growth with cement production hike

Mongolia | 20 Jun 2014

New production capacity in Mongolia’s cement industry is set to meet rising demand as advanced technology is replacing old equipment, moving towards self sufficiency in one of the key materials in the construction trade.

Mongolia carves tourism niche

Mongolia | 30 May 2014

Efforts to highlight Mongolia’s broad range of attractions are paying off, with the tourism industry on course to notch up a decade of sustained growth, a recently published report has concluded.

Mongolia eyes wind energy potential

Mongolia | 1 Apr 2014

With demand for electricity on the rise, and a national drive to boost renewable power production gathering strength, investor interest in Mongolia’s fledgling wind energy industry looks set to grow.

Mongolia boosts support for SMEs

Mongolia | 13 Mar 2014

New measures announced by the Mongolian government aimed at lowering the tax burden for small and medium-sized enterprises (SMEs) should serve as an incentive for private sector operators to expand, but businesses may still face challenges in obtaining the credit they need to sustain growth.

Mongolia looks to Chinggis bonds for export boost

Mongolia | 13 Feb 2014

The government in Mongolia has revealed plans to support domestic export manufacturers, with the aim of reducing a burgeoning import bill and boosting the country's economic foundations.