economy

On February 12, 2024, the Mongolian government convened its regular Wednesday meeting to deliberate on 26 agenda items, focusing on economic development, infrastructure, emergency preparedness, and the recognition of outstanding …

The Ulaanbaatar Metro Project is progressing with significant developments in recent months. In May 2024, engineering and geological survey drilling commenced along Enkhtaivan Avenue, marking a crucial step toward the …

In a significant step forward for labor rights and industry standards, Mongolia is set to establish its first Tariff Wage Network in the cashmere sector. This initiative, supported by Germany’s …

In a significant move toward modernizing its energy infrastructure, UBCTS TJSC has announced a tender worth 5 billion tugriks for the procurement of “smart meters” through the state electronic procurement …

Mongolia is on the cusp of enhancing its trade landscape as it works toward finalizing a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), which includes Russia, Kazakhstan, …

The Mongolian government has announced plans to spend 400 billion tugriks on increasing pensions next year, reflecting its commitment to supporting the country’s growing elderly population. The initiative comes as …

The Mongolian government has announced plans to prioritize young families in its mortgage policies for 2025. This initiative aligns with the government’s declaration of 2025 as the Year of Youth …

Mongolia has taken a significant step toward advancing its technology sector by signing a Memorandum of Understanding (MoU) with South Korea to manufacture drones domestically. The agreement was formalized between …

In November 2024, the Central Bank of Mongolia acquired 1,689.5 kilograms (approximately 1.6 tons) of precious metals, contributing to a year-to-date total of 15.8 tons. This represents a slight decrease …