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Mongolia ranked 104th on the 2015 Global Competitiveness Index

By Ch.KHALIUN The Global Competitiveness Report series released by the World Economic Forum (WEF) introduced this year’s Global Competitiveness Index (GCI). Following its release, the Open Society Forum reported that Mongolia was ranked 104th out of 140 countries. The WEF underlined that this year’s report is being released at a time when the global economy [...]

October 8th, 2015 | Posted in Business & Economics | Read More »

MTZ authorities say owning 100 percent of the TT railroad is risky for Mongolia

By Ch.KHALIUN Recently, it was reported that Mongolian Railway (MTZ) is going to own 51 percent of a new 267 km railroad being built from Tavan Tolgoi to Gashuunsukhait. The railroad’s construction will be carried out in cooperation with China’s Shenhua Group.  News.mn interviewed the Executive Director of the state-owned joint stock company Mongolian Railway, [...]

October 6th, 2015 | Posted in Business & Economics | Read More »

OT implements training program in Umnugovi

By Ch.KHALIUN Last Thursday, Oyu Tolgoi commenced its Pre-Apprentice Program in Khanbogd soum, Umnugovi Province, to involve residents in specialized courses including electrical work, welding, and mechanics, which are in high demand in the mining, construction, and infrastructure sectors. The training will last six months and graduates will receive internationally-recognized Australian trade certificates upon successful [...]

October 4th, 2015 | Posted in Business & Economics | Read More »

PM visits new international airport construction site

By Ch.KHALIUN Yesterday, Prime Minister Ch.Saikhanbileg visited the newly opened 8.6 km road from Yarmag Checkpoint to the Turgen River Bridge, and was updated on work for the new international airport being built in Khushigt Valley, Tuv Province. The road connecting Yarmag Checkpoint to the Turgen River Bridge was completed within one month by Yalguusan [...]

October 1st, 2015 | Posted in Business & Economics | Read More »

Food and Agriculture Ministry introduces new grain analyzing equipment

By Ch.KHALIUN The Ministry of Food and Agriculture reported that it has received equipment for determining the protein, moisture, and gluten content of wheat and grain within 30 seconds to one minute, on Monday. The Ministry introduced the Inframatic 9500 (IM9500) grain analyzer from Perten Instruments in Sweden, and conducted its first test. The instrument [...]

September 29th, 2015 | Posted in Business & Economics | Read More »

CAREC underlines improvement in Mongolia’s business environment

By Ch.KHALIUN Erdenes Mongol LLC and the Asian Development Bank (ADB) organized the Central Asia Regional Economic Cooperation (CAREC) investment forum on September 24, with the aim to improve regional partnership, economic climate and competitiveness of Mongolia. Over 350 participants from 26 countries shared their experience on how to identify and implement proper investment, and [...]

September 27th, 2015 | Posted in Business & Economics | Read More »

Domestic companies to independently build a 100 km road in Selenge Province

By Ch.KHALIUN Darkhan Metallurgical Plant, QSC LLC, and Peak Development are going to build a 102 km road in Selenge Province, utilizing domestic resources and personnel. The road will connect Selenge Province’s Dulaankhan Station with Khuder soum, and last Sunday a groundbreaking ceremony took place in the presence of Industry Minister D.Erdenebat. During the groundbreaking [...]

September 22nd, 2015 | Posted in Business & Economics | Read More »

Bayanzurkh Partnership-2015 business forum takes place

By Ch.KHALIUN In celebration of the 50th anniversary of the Bayanzurkh District, the district’s Investment and Development Center successfully organized the first Bayanzurkh Partnership-2015 business forum last Thursday. Governor of Bayanzurkh District D.Purevdavaa presented the opening remarks and briefly talked about the history of the district’s establishment. She noted that over 23,000 entities, 2,238 non-governmental [...]

September 20th, 2015 | Posted in Business & Economics | Read More »

NSO provides social and economic condition report for August


By Ch.KHALIUN The National Statistical Office (NSO) reported on social and economic conditions in August 2015, highlighting the nation’s growing budget deficit. In particular, the state’s balanced income was 3.5 billion MNT, influencing a deficit of 769.2 billion MNT. The NSO explained that the sudden increase was due to economic growth and tax cuts. Value-added [...]

September 13th, 2015 | Posted in Business & Economics | Read More »

Foreign investors want sustainable policy


By Ch.KHALIUN During the two-day forum Invest Mongolia 2015, investors advised that Mongolia’s best solution to attracting them is to provide a quality health and legal environment, sustainable politics, and fixed principles on cooperation, as well as moving forward on the Oyu Tolgoi and Tavan Tolgoi projects, putting them into economic circulation. Seven years ago, [...]

September 10th, 2015 | Posted in Business & Economics | Read More »

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  • Todd: Wow, what a fantastic article. It is very refreshing to see some real investigative journalism coming from the UB Post. Keep up the...
  • Kevin Gallagher/FAO: Congratulations! The Fall Green Days highlighted the success of private sector dynamism and innovation at small and...
  • Otgontuya: Ulaanbaatar hotiin hursnii bohirdliin suuliin jiluudiin statistic medeelel baina uu
  • kushal kumar: Towards the end of September 2015, IMF is reported to have warned that global economic growth is slowing. The job report...
  • Stepanka Pechackova: Thanks for the article. Just a clarification – the main organizers were UNDP and UNFPA Mongolia. More info...