Business & Economy

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Consumer price indexes of foodstuff, clothing on the decrease in Mongolia

Ulaanbaatar, /MONTSAME/. In July of 2006, the consumer price index
increased by 47.8 percent compared with the end of 2000, by...

New Financial Law Seeks to Increase Investment

Moninfo reports: This week an international task force working on a draft law for the implementation of the financial lease law in Mongolia stated that the new law...

An End to Gaming Centers

moninfo reports: Last Friday was the final day of operation for the electronic gambling centers that have flourished in recent years.

On August 2, Minister of...

Mongolia Becomes Country of Operation of EBRD
World Bank to support energy in Mongolia

Ulaanbaatar, /MONTSAME/. The World Bank has decided to grant
non-refundable aid equalling to14 million USD to Mongolia in order to
supply herding families with energy. The Mongolian side will provide
eight billion togrogs for...

Mongolia's XacBank joins Eurogiro network

Eurogiro has announced that Mongolia's XacBank has joined the banking and payment network.

Mongolia is one of the most sparsely populated
places on earth and providing financial services to remote areas is a

Income tax on the decrease in Mongolia

Mongolia New-Eurasia reports - With the new income tax laws passed
by Parliament, some have speculated that...

Reduction of VAT to 10 percent

Value added tax will stand at ten percent from January 1, 2007 onwards.
A revised draft on amending the law on VAT was adopted Thursday at a
plenary meeting of the Parliamentary session. The Parliament Speaker
Mr. Ts.Nyamdorj...

World Bank Director Visits Mongolia

Ulaanbaatar, /MONTSAME/. The World Bank country executive director for
Mongolia Mr. Jun Kun Choi is paying a visit to Mongolia starting from
July 1, 2006 During his five-day visit, Mr. Choi will meet Mongolian
Parliament Speaker...

Merrill Lynch Bank to assist in major tourism complex in Mongolia

Ulaanbaatar, /MONTSAME/. Under the Horse Lake project to shortly launch
in Mongolia, a cultural and tourism complex for foreign tourists will
be erected in the area of Aidas Davaa near Ulaanbaatar. The complex
will be comprised...

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