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. Prime Minister N. Altankhuyag said at a press conference in January 2014 that the government would allocate $216m from the $1.5bn raised by the sale of “...
Mongolia is striving to establish a coherent investment regime, following two years that have damaged investor sentiment. Authorities recognise the need for foreign direct investment (FDI) to develop and leverage its estimated $1.3trn in mineral endowment to develop a diversified economy. Adjacent to two of the world’s largest economies, trade...
Since Mongolia emerged from the break-up of the Soviet Union two decades ago, it has developed a strong commitment to democratic governance and economic liberalism, a commitment that it has demonstrated via six presidential elections and seven parliamentary ones, and its democratic institutions have rapidly matured, despite the substantial...
HOTEL ULAANBAATAR Grand Chinggis Square, 14 Ulaanbaatar 14192 T: (+976) 1132 0620 F: (+976) 1132 4485 info@ubhotel.mn www.ubhotel.mn Rooms: 22 standard single rooms, 20 standard twin rooms, 20 superior rooms, 35 deluxe rooms, seven junior suites and a presidential suite. Business & Conference: Four private dining rooms and four conference...
Sports in Mongolia have long been dominated by three activities closely related to the country’s traditions: wrestling, archery and horse racing. However, as the country began to develop economically, there was an influx of Western culture, including sports. Today, a number of sports are becoming more popular among Mongolians, especially in...
As may be expected in a fast-growing emerging market, Mongolia’s legal framework – like many other aspects of Mongolian society – is in a constant state of flux. At first blush, since foreign investors tend to crave legal certainty, this would appear to be a weakness of the country’s legal system. However, investors should take comfort in the...
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