Business & Economy

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FAO reports reduced cereal production in Mongolia

Rome, 5 May 2006– Worldwide, 39 countries are in need of
external food assistance -- the majority required for drought-affected
and chronically food insecure populations in southern and eastern

Credit rights from European Bank for Reconstruction and Development

European Bank for Reconstruction and
Development (EBRD) has decided to grant credit rights to Mongolia. This
issue will be decided in the near months. Besides, the EBRD is expected
to establish its Resident...

Korean Air to Invest in Mongolia

Korean Air Co. said yesterday it plans to sign an agreement with the Mongolian government and its national airliner on Monday to invest in the country's air traffic control system.

Marking the 10th year of its service to the capital of...

Cashmere Industry Takes Off in West Mongolia

Ulaanbaatar, /MONTSAME/. A cashmere processing industry Avatex - Kainar
of a joint Mongolian-British company has been put into operation in
Bayan-Ulgii Aimag. The small-sized industry has capacities to annually
export 140 tons...

Mongolia to open free trade zone, near Chinese border

As part of the Northeast Asia Conference, top Mongolian government and Winwheel Bullion officials will announce the creation of the Zamiin Uud Free Economic Zone, a new international free trade zone, strengthening the position of Mongolia and...

Mare's Milk Enables Beauty and Business in Mongolia

Ulaanbaatar, /MONTSAME/. The Food and Biotechnology Institute of the
Mongolian State University of Sciences and Technologies in association
with the Swiss International Development Agency have successfully
realized a project...

Mongolia's Industry Statistics First Quarter 2006
Ulaanbaatar, /MONTSAME/. In the first quarter of 2006, the total
industrial output was 357.7 bln.togrogs at current price and 168.6
bln.togrogs at the constant prices 2000, that was more by 4.1
bln.togrogs or 2.5...
Mongolia's Government Budget Surplus at 20%

Ulaanbaatar, /MONTSAME/. In the first quarter of 2006, total revenue
and grants of General Government budget amounted to 214.4 bln.togrogs
and total expenditure and net lending 179.1 bln.togrogs. The General
government budget...

Foodstuffs Consumer Index Drops in Mongolia

Ulaanbaatar, /MONSTAME/ In March of 2006, the consumer price index
increased by 43.0 percent compared with the end of 2000 (base period),
by 5.8 percent from the corresponding period of previous year, by 2.5
percent from the end...

Mongolia's President Meets Khan Bank CEO

The Executive Director of the Khan Bank Peter Morrow met with President of Mongolia N. Enkhbayar. Mr. Morrow informed the...

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