Mongolia

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Chapter | Country Profile from The Report: Mongolia 2015

Located between economic heavyweights China and Russia, Mongolia’s traditional balancing act between its giant neighbours has come under increasing pressure in recent months, while winning and maintaining international investor confidence continues to be a multi-faceted and essential task. Expectations of rapid and sustainable growth among the country’s citizens now exist within the framework...

KEMPINSKI HOTEL KHAN PALACE

East Cross Road, Peace Avenue Bayanzurkh district, Ulaanbaatar
T: (+976) 1146 3463
F: (+976) 114 63464
reservations.ulaanbaatar@kempinski.com
www.kempinski.com/ulaanbaatar

Rooms: 27 superior rooms, 66 deluxe rooms, 4 junior suites, 4 executive suites and a presidential suite.

Business & Conference:...

When the venerable auction house Sotheby’s put a “very rare and important gilt bronze figure” up for auction in early December 2014 despite protests by the Mongolian government – including a strongly worded letter from the country’s minister of culture, L. Gantumur, claiming that the artwork had been obtained illegally from Mongolia – few people aside from specialists in...

Despite increasingly cosmopolitan dining, nightlife and shopping scenes in the county’s capital Ulaanbaatar, Mongolia’s real draw lies in its countryside. With its rolling grasslands, crystal-clear lakes, weathered peaks, authentic nomadic lifestyle and roaming herds of sheep, goats, horses and other four-legged creatures, even the most jaded of urbanites will find it...

ETIQUETTE: A handshake usually accompanies a first introduction in a business setting and is used both as a greeting and farewell. Although people in urban centres are less strict about local customs when greeting, it is customary and seen as a sign of respect to offer things (a business card, pen, etc.) with your left hand under your...

Investor appetite towards Mongolia could be improving amid hopes Ulaanbaatar may be in the process of settling a long-running dispute with mining giant Rio Tinto over the development of phase two of the Oyu Tolgoi mine, allaying concerns over the government's ability to repay or roll over existing debt.

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